Free cash flow
The free cash flow shows Galenica's capacity to pay dividends and repay debt and repay equity. It provides information on the remaining cash and cash equivalents from the operating cash flow, reduced by all lease payments and after consideration of investment activities.
Free cash flow
|
in thousand CHF |
1.1.–30.6.2021 |
1.1.–30.6.2020 |
|
Cash flow from operating activities before working capital changes |
138,697 |
118,726 |
|
Payment of lease liabilities |
–24,855 |
–24,439 |
|
Cash flow from operating activities before working capital changes adjusted |
113,842 |
94,287 |
|
Working capital changes |
–78 |
–53,861 |
|
Cash flow from operating activities adjusted |
113,764 |
40,426 |
|
Cash flow from investing activities without M&A 1) |
–19,514 |
–22,054 |
|
Free cash flow before M&A |
94,250 |
18,372 |
|
Cash flow from M&A 2) |
–38,369 |
–2,416 |
|
Free cash flow |
55,881 |
15,956 |
1) Cash flow from investing activities without purchase and sale of subsidiaries (net cash flow)
2) Cash flow from purchase and sale of subsidiaries (net cash flow)
Cash conversion
|
|
1.1.–30.6.2021 |
1.1.–30.6.2020 |
|
Cash conversion 1) |
80.2% |
74.7% |
1) Calculated as EBITDA adjusted less CAPEX (investments in property, plant and equipment and intangible assets) divided by EBITDA adjusted