Consolidated Statement of Cash Flows

in CHF mn

Notes

2015 2016

Operating activities

 

   

Profit before taxes 

 

621.9 755.8

Depreciation/amortization

20

164.0 170.4

Increase (+)/decrease (-) in provisions/employee benefit obligation and assets

 

-1.7 12.3

Increase (-)/decrease (+) in net working capital

 

-28.4 -2.8

Other adjustments

27

2.6 0.4

Income taxes paid

 

-172.6 -200.4

Cash flow from operating activities

 

585.8 735.7
in CHF mn Notes 2015 2016

Investing activities

     

Property, plant, and equipment: capital expenditures

5 -135.6 -149.5

Property, plant, and equipment: disposals

  8.2 5.5

Intangible assets: capital expenditures

6 -7.0 -5.4

Intangible assets: disposals

  0.1 0.2

Acquisitions less cash and cash equivalents

  -69.5 -23.6

Acquisitions (-)/disposals (+) of financial assets

  -2.5
0.1

Cash flow from investing activities

  -206.3 -172.7
in CHF mn Notes 2015 2016

Financing activities

     

Increase in financial liabilities

  5.7 13.0

Repayment of financial liabilities

  -12.6 -3.8

Repayment of a bond

12 0.0 -250.0

Purchase of treasury shares

  -19.0 -56.7

Sale of treasury shares

  21.9
24.1

Dividend payment to shareholders of Sika AG

  -182.8 -198.0

Dividends related to non-controlling interests

  0.0 -1.9

Cash flow from financing activities

  -186.8 -473.3
in CHF mn Notes 2015 2016

Exchange differences on cash and cash equivalents

  -17.1 -9.1

Net change in cash and cash equivalents

  175.6 80.6

Cash and cash equivalents at the beginning of the year

1 898.8 1,074.4

Cash and cash equivalents at the end of the year

1 1,074.4 1,155.0

Cash flow from operating activities contains:

     

Dividends from associated companies

  1.6 0.6

Interest received

  3.5 2.6

Interest paid

  -19.2 -20.4