Cash flow Swisscom AG

Equities

SCMN

CH0008742519

Integrated Telecommunications Services

Market Closed - Swiss Exchange Other stock markets 11:31:44 2024-09-16 am EDT			5-day change	1st Jan Change
552.00 ^CHF	+0.09%		+0.64%	+9.09%

06:59pm	Italy's antitrust scrutinises impact of Swisscom-Vodafone deal on landline service	RE
Sep. 12	Swiss Stocks Rebound as ECB Delivers Another Rate Cut	MT

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Published financial data: SWISSCOM AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	11.45B	11.1B	11.18B	11.11B	11.07B
Total Revenues	11.45B	11.1B	11.18B	11.11B	11.07B
Cost of Goods Sold, Total	5.37B	5.19B	5.13B	5.03B	4.91B
Gross Profit	6.08B	5.91B	6.05B	6.09B	6.16B
Selling General & Admin Expenses, Total	-	-	-	-	-
Depreciation & Amortization - (IS)	2.44B	2.42B	2.4B	2.34B	2.34B
Other Operating Expenses	1.68B	1.53B	1.57B	1.52B	1.53B
Other Operating Expenses, Total	4.11B	3.95B	3.98B	3.86B	3.87B
Operating Income	1.97B	1.96B	2.07B	2.23B	2.29B
Interest Expense, Total	-135M	-129M	-86M	-58M	-136M
Interest And Investment Income	11M	6M	3M	4M	8M
Net Interest Expenses	-124M	-123M	-83M	-54M	-128M
Income (Loss) On Equity Invest.	-28M	4M	-10M	-5M	-
Currency Exchange Gains (Loss)	-12M	-5M	14M	-9M	-8M
Other Non Operating Income (Expenses)	-14M	-53M	-53M	-10M	1M
EBT, Excl. Unusual Items	1.79B	1.78B	1.94B	2.15B	2.16B
Restructuring Charges	-56M	1M	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	31M	219M	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-11M	-18M	-9M	-25M	-80M
Legal Settlements	-	-	-	-164M	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	1.72B	1.8B	2.15B	1.96B	2.08B
Income Tax Expense	55M	271M	319M	360M	364M
Earnings From Continuing Operations	1.67B	1.53B	1.83B	1.6B	1.71B
Net Income to Company	1.67B	1.53B	1.83B	1.6B	1.71B
Minority Interest	3M	2M	-1M	-1M	-
Net Income - (IS)	1.67B	1.53B	1.83B	1.6B	1.71B
Net Income to Common Incl Extra Items	1.67B	1.53B	1.83B	1.6B	1.71B
Net Income to Common Excl. Extra Items	1.67B	1.53B	1.83B	1.6B	1.71B
Per Share Items
Net EPS - Basic	32.28	29.54	35.37	30.93	33.03
Basic EPS - Continuing Operations	32.28	29.54	35.37	30.93	33.03
Basic Weighted Average Shares Outstanding	51.8M	51.8M	51.8M	51.8M	51.8M
Net EPS - Diluted	32.28	29.54	35.37	30.93	33.03
Diluted EPS - Continuing Operations	32.28	29.54	35.37	30.93	33.03
Diluted Weighted Average Shares Outstanding	51.8M	51.8M	51.8M	51.8M	51.8M
Normalized Basic EPS	21.67	21.58	23.41	25.95	26
Normalized Diluted EPS	21.67	21.58	23.41	25.95	26
Dividend Per Share	22	22	22	22	22
Payout Ratio	68.18	74.51	62.23	71.16	66.63
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	3.61B	3.62B	3.75B	3.84B	3.87B
EBITA	2.09B	2.1B	2.22B	2.39B	2.48B
EBIT	1.97B	1.96B	2.07B	2.23B	2.29B
EBITDAR	3.89B	3.91B	4.04B	4.12B	4.16B
Effective Tax Rate - (Ratio)	3.19	15.06	14.82	18.34	17.54
Total Current Taxes	316M	320M	334M	351M	332M
Total Deferred Taxes	-261M	-49M	-15M	9M	32M
Normalized Net Income	1.12B	1.12B	1.21B	1.34B	1.35B
Interest Capitalized	3M	-	-	-	-
Interest on Long-Term Debt	42M	45M	44M	44M	44M
Non-Cash Pension Expense	26M	11M	-55M	3M	6M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	275M	253M	221M	237M	252M
Net Rental Expense, Total	287M	293M	295M	283M	285M
Imputed Operating Lease Interest Expense	35.89M	32.66M	23.21M	16.04M	40.03M
Imputed Operating Lease Depreciation	251M	260M	272M	267M	245M
Maintenance & Repair Expenses, Total	314M	267M	284M	303M	277M
Stock-Based Comp., COGS (Total)	1M	1M	1M	1M	1M
Stock-Based Comp., Other (Total)	476K	541K	-	679K	629K
Total Stock-Based Compensation	1.48M	1.54M	1M	1.68M	1.63M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	328M	340M	401M	121M	148M
Short Term Investments	73M	170M	93M	64M	50M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	401M	510M	494M	185M	198M
Accounts Receivable, Total	2.4B	2.28B	2.52B	2.49B	2.36B
Other Receivables	109M	110M	108M	124M	140M
Notes Receivable	-	-	-	-	-
Total Receivables	2.51B	2.4B	2.63B	2.61B	2.5B
Inventory	125M	120M	114M	162M	161M
Prepaid Expenses	338M	349M	430M	514M	528M
Other Current Assets, Total	366M	301M	355M	377M	328M
Total Current Assets	3.74B	3.68B	4.02B	3.85B	3.72B
Gross Property Plant And Equipment	37.27B	38.02B	38B	37.64B	38.55B
Accumulated Depreciation	-25.04B	-25.67B	-25.82B	-25.74B	-26.49B
Net Property Plant And Equipment	12.22B	12.36B	12.18B	11.9B	12.06B
Long-term Investments	640M	634M	721M	773M	772M
Goodwill	5.16B	5.16B	5.16B	5.17B	5.17B
Other Intangibles, Total	1.84B	1.74B	1.71B	1.74B	1.74B
Accounts Receivable Long-Term	-	-	66M	78M	84M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	152M	183M	204M	194M	225M
Other Long-Term Assets, Total	484M	508M	736M	914M	981M
Total Assets	24.25B	24.26B	24.8B	24.62B	24.75B
Liabilities
Accounts Payable, Total	1.61B	1.52B	1.6B	1.67B	1.61B
Accrued Expenses, Total	371M	365M	327M	266M	272M
Short-term Borrowings	499M	199M	-	-	-
Current Portion of Long-Term Debt	912M	593M	559M	547M	718M
Current Portion of Leases	232M	226M	217M	232M	227M
Current Income Taxes Payable	174M	186M	230M	194M	203M
Unearned Revenue Current, Total	672M	737M	1.01B	1.08B	961M
Other Current Liabilities	302M	311M	396M	309M	353M
Total Current Liabilities	4.78B	4.14B	4.34B	4.31B	4.34B
Long-Term Debt	6.05B	6.25B	5.89B	5.46B	4.95B
Long-Term Leases	1.8B	1.76B	1.8B	1.68B	1.69B
Unearned Revenue Non Current	122M	106M	95M	85M	81M
Pension & Other Post Retirement Benefits	1.06B	795M	24M	22M	21M
Deferred Tax Liability Non Current	589M	644M	811M	831M	898M
Other Non Current Liabilities	983M	1.07B	1.03B	1.07B	1.15B
Total Liabilities	15.37B	14.77B	13.99B	13.45B	13.13B
Common Stock, Total	52M	52M	52M	52M	52M
Retained Earnings	10.45B	11.08B	12.48B	12.94B	13.53B
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-1.63B	-1.65B	-1.73B	-1.83B	-1.96B
Total Common Equity	8.87B	9.49B	10.81B	11.17B	11.62B
Minority Interest	3M	1M	2M	3M	3M
Total Equity	8.88B	9.49B	10.81B	11.17B	11.62B
Total Liabilities And Equity	24.25B	24.26B	24.8B	24.62B	24.75B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	51.8M	51.8M	51.8M	51.8M	51.8M
ECS Total Common Shares Outstanding	51.8M	51.8M	51.8M	51.8M	51.8M
Book Value / Share	171.27	183.2	208.7	215.59	224.3
Tangible Book Value	1.87B	2.58B	3.94B	4.26B	4.71B
Tangible Book Value Per Share	36.04	49.86	76.06	82.14	90.92
Total Debt	9.49B	9.03B	8.46B	7.91B	7.58B
Net Debt	9.09B	8.52B	7.97B	7.73B	7.38B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.06B	795M	-17M	-647M	-356M
Debt Equivalent Oper. Leases	2.3B	2.34B	2.36B	2.26B	2.28B
Minority Interest, Total (Incl. Fin. Div)	3M	1M	2M	3M	3M
Equity Method Investments, Total	156M	155M	30M	26M	27M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	-	-	-	-	-
Land - (BS)	1.68B	1.68B	1.68B	1.67B	1.67B
Machinery, Total	32.57B	33.12B	32.93B	32.51B	33.33B
Full Time Employees	19.32K	19.06K	18.9K	19.16K	19.73K
Accumulated Allowance for Doubtful Accounts (Supple)	143M	164M	151M	120M	123M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.67B	1.53B	1.83B	1.6B	1.71B
Depreciation & Amortization - CF	1.8B	1.8B	1.81B	1.71B	1.66B
Amortization of Goodwill and Intangible Assets - (CF)	119M	138M	143M	164M	186M
Depreciation & Amortization, Total	1.92B	1.94B	1.95B	1.87B	1.84B
Amortization of Deferred Charges, Total - (CF)	517M	481M	450M	468M	493M
(Gain) Loss From Sale Of Asset	-13M	-10M	-10M	-8M	-5M
(Gain) Loss on Sale of Investments - (CF)	23M	-22M	-240M	-66M	5M
Asset Writedown & Restructuring Costs	11M	18M	9M	25M	80M
(Income) Loss On Equity Investments - (CF)	28M	-4M	10M	5M	-
Stock-Based Compensation (CF)	1M	1M	1M	1M	1M
Other Operating Activities, Total	-372M	-66M	67M	-9M	64M
Change In Accounts Receivable	-18M	54M	-269M	33M	79M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-15M	-86M	110M	103M	-16M
Change in Unearned Revenues	-12M	-16M	-11M	-10M	-4M
Change in Other Net Operating Assets	239M	253M	142M	-141M	-223M
Cash from Operations	3.98B	4.07B	4.04B	3.88B	4.03B
Capital Expenditure	-2.39B	-2.19B	-2.27B	-2.29B	-2.27B
Sale of Property, Plant, and Equipment	31M	16M	17M	15M	10M
Cash Acquisitions	-394M	-39M	-42M	-67M	-62M
Divestitures	-3M	-	1M	-	2M
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	24M	-116M	193M	-76M	17M
Net (Increase) Decrease in Loans Originated / Sold - Investing	38M	100M	-	-	-
Other Investing Activities, Total	-39M	-4M	-19M	-13M	-17M
Cash from Investing	-2.73B	-2.23B	-2.12B	-2.43B	-2.32B
Long-Term Debt Issued, Total	417M	732M	350M	209M	223M
Total Debt Issued	417M	732M	350M	209M	223M
Long-Term Debt Repaid, Total	-650M	-1.4B	-1.05B	-775M	-741M
Total Debt Repaid	-650M	-1.4B	-1.05B	-775M	-741M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-1.14B	-1.14B	-1.14B	-1.14B	-1.14B
Common & Preferred Stock Dividends Paid	-1.14B	-1.14B	-1.14B	-1.14B	-1.14B
Other Financing Activities, Total	-17M	-19M	-15M	-15M	-13M
Cash from Financing	-1.39B	-1.82B	-1.86B	-1.72B	-1.67B
Foreign Exchange Rate Adjustments	-4M	-2M	-7M	-5M	-9M
Net Change in Cash	-146M	12M	61M	-280M	27M
Supplemental Items
Cash Interest Paid	130M	138M	125M	106M	128M
Cash Income Tax Paid (Refund)	371M	309M	279M	378M	313M
Levered Free Cash Flow	1.33B	1.53B	1.49B	1.24B	1.43B
Unlevered Free Cash Flow	1.42B	1.61B	1.54B	1.28B	1.51B
Change In Net Working Capital	-140M	-157M	-110M	172M	-16M
Net Debt Issued / Repaid	-233M	-665M	-701M	-566M	-518M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.26	5.06	5.28	5.64	5.8
Return on Total Capital	7.09	6.65	6.86	7.27	7.48
Return On Equity %	19.54	16.64	18.06	14.58	15.01
Return on Common Equity	19.56	16.66	18.05	14.58	15.02
Margin Analysis
Gross Profit Margin %	53.1	53.24	54.1	54.77	55.64
SG&A Margin	-	-	-	-	-
EBITDA Margin %	31.49	32.6	33.51	34.57	34.97
EBITA Margin %	18.23	18.92	19.82	21.54	22.36
EBIT Margin %	17.19	17.68	18.55	20.07	20.68
Income From Continuing Operations Margin %	14.57	13.77	16.39	14.43	15.45
Net Income Margin %