Swisscom AG Cash Flow Statement

Financials in millions CHF. Fiscal year is January - December.

Millions CHF. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,271	1,542	1,711	1,602	1,832
Depreciation & Amortization	3,867	2,232	1,844	1,873	1,953
Other Amortization	806	547	493	468	450
Loss (Gain) From Sale of Assets	-20	-26	-5	-8	-10
Asset Writedown & Restructuring Costs	19	35	80	25	9
Loss (Gain) From Sale of Investments	2	10	5	-66	-240
Loss (Gain) on Equity Investments	-	2	-	5	10
Stock-Based Compensation	1	1	1	1	1
Other Operating Activities	55	36	64	-9	67
Change in Accounts Receivable	378	84	79	33	-269
Change in Accounts Payable	-242	-77	-16	103	110
Change in Unearned Revenue	-3	-4	-4	-10	-11
Change in Other Net Operating Assets	-122	5	-223	-141	142
Operating Cash Flow	6,012	4,387	4,029	3,876	4,044
Operating Cash Flow Growth	37.04%	8.89%	3.95%	-4.15%	-3.00%
Capital Expenditures	-3,008	-2,288	-2,272	-2,289	-2,270
Sale of Property, Plant & Equipment	25	44	10	15	17
Cash Acquisitions	-34	-7,372	-62	-67	-42
Divestitures	2	2	2	-	1
Investment in Securities	-469	364	17	-76	193
Other Investing Activities	-39	-29	-17	-13	-19
Investing Cash Flow	-3,523	-9,279	-2,322	-2,430	-2,120
Long-Term Debt Issued	1,830	8,881	223	209	350
Long-Term Debt Repaid	-4,428	-1,318	-741	-775	-1,051
Net Debt Issued (Repaid)	-2,598	7,563	-518	-566	-701
Common Dividends Paid	-1,140	-1,140	-1,140	-1,140	-1,140
Other Financing Activities	-13	-14	-13	-15	-15
Financing Cash Flow	-3,751	6,409	-1,671	-1,721	-1,856
Foreign Exchange Rate Adjustments	-3	-142	-9	-5	-7
Net Cash Flow	-1,265	1,375	27	-280	61
Free Cash Flow	3,004	2,099	1,757	1,587	1,774
Free Cash Flow Growth	43.12%	19.46%	10.71%	-10.54%	-10.45%
Free Cash Flow Margin	19.96%	19.05%	15.87%	14.36%	15.86%
Free Cash Flow Per Share	57.99	40.52	33.92	30.64	34.25
Cash Interest Paid	340	162	128	106	125
Cash Income Tax Paid	280	297	313	378	279
Levered Free Cash Flow	2,735	2,028	1,429	1,137	1,500
Unlevered Free Cash Flow	2,962	2,159	1,514	1,173	1,573
Change in Working Capital	11	8	-164	-15	-28

Source: S&P Global Market Intelligence. Standard template. Financial Sources.