in CHF mn Notes 1/1/2019 – 6/30/2019 1/1/2020 – 6/30/2020
Operating activities ? ? ?
Profit before taxes ? 438.0 371.2
Depreciation and amortization expenses ? 142.1 183.4
Increase (+)/decrease (–)? provisions/employee benefit assets and obligations 3.5 11.6
Increase (–)/decrease (+)? net working capital and accruals ? -181.3 -171.5
Non-liquidity-related financial expenses (+)/income (–) as well as cash flow from hedging transactions ? 11.9 67.4
Other adjustments ? 14.8 2.1
Income taxes paid ? -165.4 -142.8
Cash flow from operating activities ? 263.6 321.4
? ? ? ?
Investing activities ? ? ?
Property, plant, and equipment: capital expenditures ? -82.2 -64.7
Property, plant, and equipment: disposals ? 2.1 1.0
Intangible assets: capital expenditures ? -3.8 -5.9
Intangible assets: disposals ? ? ?
Acquisitions less cash and cash equivalents ? -1,726.6 -133.2
Disposals less cash and cash equivalents ? ? ?
Disposal of associated companies ? - 2.9
Deconsolidation ? ? ?
Acquisitions (–)/disposals (+) of financial assets ? 4.3 0.6
Capital increase at associated companies ? ? ?
Cash flow from investing activities ? -1,806.2 -199.3
? ? ? ?
Financing activities ? ? ?
Increase in financial liabilities ? 180.7 251.7
Repayment of financial liabilities ? -994.4 -124.4
Issue of bonds 13 1,121.8 -
Repayment of a bond 13 - -160.0
Repayment liability component of mandatory convertible bond (interest) 13 - -48.8
Issue of convertible bonds 13 1,280.1 -
Repayment of lease liabilities 13 -35.8 -48.1
Acquisitions of treasury shares ? -40.3 -76.4
Disposals of treasury shares ? 41.4 66.0
Dividend payment to shareholders of Sika AG ? -290.6 -326.0
Dividend payments to non-controlling interests ? -2.6 -
Purchase of non-controlling interests ? - -77.8
Cash flow from financing activities ? 1,260.3 -543.8
? ? ? ?
Exchange differences on cash and cash equivalents ? -3.9 -15.8
? ? ? ?
Net change in cash and cash equivalents ? -286.2 -437.5
Cash and cash equivalents at the beginning of the period 7 914.0 995.1
Cash and cash equivalents at the end of the period 7 627.8 557.6
? ? ? ?
Cash flow from operating activities contains: ? ? ?
Dividends from associated companies ? 0.5 0.5
Interest received ? 1.1 3.4
Interest paid ? -8.5 -18.0
Consolidated Statement of Changes in Cash Flow - Half-year Report 2020
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