Consolidated Statements of Cash Flows
Consolidated statements of cash flows
| for the years ended 31 December 2022 and 2021 | Notes 1 | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| in CHF m | in CHF m | |||||
| Net income | 116 | 373 | ||||
| Reversal of non-cash income and expenses | 16 | 641 | 391 | |||
| Dividends received from associates and joint ventures | 8 | 40 | 44 | |||
| Payments for restructuring | 27 | –32 | –38 | |||
| Cash flowCash flowEconomic indicator representing the operational net inflow of cash and cash equivalents during a given period. before changes in net working capital and provisions | 765 | 770 | ||||
| Changes in net working capital and provisions | 16 | –143 | –305 | |||
| Cash generated from operating activities | 622 | 465 | ||||
| Income taxes paid | –120 | –102 | ||||
| Net cash generated from operating activities | 502 | 363 | ||||
| Cash flows from investing activities: | ||||||
| Investments in property, plant, and equipment | 5 | –209 | –357 | |||
| Investments in intangible assets | 6 | –3 | –3 | |||
| Investments in financial assets, associates, and joint ventures | 9 | –1 | –5 | |||
| Changes in current financial assets and short-term deposits | –302 | 254 | ||||
| Sale of property, plant, and equipment and intangible assets | 9 | 57 | ||||
| Business combinations | 26 | –64 | –91 | |||
| Proceeds from the disposal of associates, joint ventures and financial assets | 8 | 131 | 2 | |||
| Proceeds from the disposal of discontinued operations | 25 | 579 | – | |||
| Net cash provided by/used in investing activities | 140 | –143 | ||||
| Cash flows from financing activities: | ||||||
| Purchase of treasury shares | –8 | –16 | ||||
| Distribution to the shareholders of Clariant Ltd | 17 | –132 | –230 | |||
| Dividends paid to non-controlling interests | –21 | –28 | ||||
| Proceeds/payments associated with transactions with non-controlling interests | – | –1 | ||||
| Proceeds from financial debts | 204 | 337 | ||||
| Repayments of financial debts | –602 | –499 | ||||
| Repayments of lease liabilities | 7 | –53 | –59 | |||
| Interest paid | –43 | –51 | ||||
| Interest paid for leases | 7 | –11 | –11 | |||
| Interest received | 14 | 20 | ||||
| Net cash used in financing activities | –652 | –538 | ||||
| Currency translation effect on cash and cash equivalents | –11 | –4 | ||||
| Net change in cash and cash equivalents | –21 | –322 | ||||
| Cash and cash equivalents at the beginning of the period | 15 | 415 | 737 | |||
| Cash and cash equivalents at the end of the period | 15 | 394 | 415 | |||
|
1 The notes form an integral part of the consolidated financial statements.
|
||||||