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.–30.6.2023 |
1.1.–30.6.2022 (Restated) 1) |
|
Cash flow from operating activities before working capital changes |
113,209 |
130,772 |
|
Payment of lease liabilities |
–25,711 |
–25,888 |
|
Cash flow from operating activities before working capital changes adjusted |
87,498 |
104,884 |
|
Working capital changes |
–109,422 |
–79,270 |
|
Cash flow from discontinued operations (operating activities) incl. payment of lease liabilities |
918 |
–12,601 |
|
Cash flow from operating activities adjusted |
–21,005 |
13,014 |
|
Cash flow from investing activities without M&A 2) |
–32,246 |
–38,925 |
|
Cash flow from discontinued operations (investing activities) |
–150 |
–280 |
|
Free cash flow before M&A |
–53,402 |
–26,191 |
|
Cash flow from M&A 3) |
–28,290 |
–8,467 |
|
Free cash flow |
–81,692 |
–34,658 |
1) Figures restated (refer to note 4 of the Consolidated interim financial statements)
2) Cash flow from investing activities without net cash flow from business combinations and net cash flow from sale of subsidiaries
3) Net cash flow from business combinations and net cash flow from sale of subsidiaries
CAPEX
|
in thousand CHF |
1.1.–30.6.2023 |
1.1.–30.6.2022 |
|
Investments in property, plant and equipment |
18,639 |
18,652 |
|
Investments in intangible assets |
15,947 |
12,198 |
|
CAPEX |
34,587 |
30,849 |
Cash conversion
|
|
1.1.–30.6.2023 |
1.1.–30.6.2022 (Restated) 1) |
|
Cash conversion 1) |
70.0% |
74.0% |
1) Figures restated (refer to note 4 of the Consolidated interim financial statements)
2) Calculated as EBITDA adjusted less CAPEX divided by EBITDA adjusted