Consolidated Cash Flow Statement
CHF millions | Note | 2019 | 2020 |
Profit before income taxes | 477.5 | 442.7 | |
Financial result | 12 | – 44.1 | 32.0 |
Adjustment for non-cash transactions | 33 | 214.1 | 307.1 |
Change in net working capital (excl. financial assets/liabilities and derivatives) | – 67.2 | – 22.3 | |
Income taxes paid | – 45.7 | – 97.6 | |
Other financial expenses/income | – 2.1 | 0.3 | |
Cash flow from operating activities before utilisation of nuclear provisions | 532.5 | 662.2 | |
Utilisation of nuclear provisions with a claim to refunds of state funds | – 27.3 | – 58.0 | |
Utilisation of nuclear provisions with no claim to refunds of state funds | – 36.3 | – 74.7 | |
Cash flow from operating activities | 468.9 | 529.5 | |
Investments in property, plant and equipment | 21 | – 222.7 | – 203.6 |
Disposal of property, plant and equipment | 11.4 | 4.1 | |
Acquisition of Group companies | 5/33 | – 244.6 | – 57.9 |
Disposals of Group companies | – 2.6 | 0.3 | |
Investments in associates | 20 | 0.0 | – 5.1 |
Disposals of associates | 33.4 | 26.1 | |
Payments into decommissioning and waste disposal funds | – 30.4 | – 30.4 | |
Refunds of decommissioning and waste disposal funds | 46.6 | 86.5 | |
Investments in other current and non-current financial assets | – 22.2 | – 27.5 | |
Disposals of other current and non-current financial assets | 161.6 | 12.3 | |
Investments in intangible assets | 22 | – 11.7 | – 17.0 |
Disposals of intangible assets | 0.0 | 1.1 | |
Interest received | 3.6 | 1.9 | |
Dividends received | 21.7 | 20.9 | |
Cash flow from investing activities | – 255.9 | – 188.3 | |
Sale/purchase of treasury shares | 28 | – 1.9 | – 8.0 |
Acquisition of non-controlling interests | – 1.7 | – 3.6 | |
Sale of non-controlling interests | 0.1 | 0.0 | |
Contribution to capital from non-controlling interests | 0.0 | 6.5 | |
Capital repayment to non-controlling interests | – 0.5 | 0.0 | |
Increase in current and non-current financial liabilities | 227.2 | 20.8 | |
Decrease in current and non-current financial liabilities | – 439.3 | – 68.4 | |
Increase in other long-term liabilities | 22.8 | 15.0 | |
Decrease in other long-term liabilities | – 0.4 | – 0.1 | |
Interest paid | – 45.0 | – 34.1 | |
Dividends paid | – 102.4 | – 125.1 | |
Cash flow from financing activities | – 341.1 | – 197.0 | |
Translation adjustments on cash and cash equivalents | – 5.8 | – 2.6 | |
Net change in cash and cash equivalents | – 133.9 | 141.6 | |
Cash and cash equivalents at the beginning of the reporting period | 817.4 | 683.5 | |
Cash and cash equivalents at the end of the reporting period | 33 | 683.5 | 825.1 |