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.View entire glossary 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.