in CHF mn

Notes

2016 2017
Operating activities

 

   
Profit before taxes

 

755.8 862.1
Depreciation and amortization expenses

5, 6, 21

170.4 172.2
Increase (+)/decrease (-) in provisions/
employee benefit obligations and assets

 

12.3 -9.6
Increase (-)/decrease (+) in net working capital<sup>1</sup>

 

-29.5 -86.5
Non-liquidity-related other financial expenses (+)/income (-) as well as cash flow from hedging transactions1   26.4 -38.2
Other adjustments1

28

0.7 5.9
Income taxes paid

 

-200.4 -254.0
Cash flow from operating activities

 

735.7 651.9

in CHF mn

Notes

2016 2017
Investing activities

 

   
Property, plant, and equipment: capital expenditures

5

-149.5 -158.5
Property, plant, and equipment: disposals

 

5.5 8.3
Intangible assets: capital expenditures

6

-5.4 -4.9
Intangible assets: disposals   0.2 0.0
Acquisitions less cash and cash equivalents

 

-23.6 -320.4
Acquisitions (-)/disposals (+) of financial assets

 

0.1 -2.7
Cash flow from investing activities

 

-172.7 -478.2

in CHF mn

Notes

2016 2017
Financing activities

 

   
Increase in financial liabilities

13

13.0 17.0
Repayment of financial liabilities

13

-3.8 -55.4
Repayment of a bond

12

-250.0 0.0
Purchase of treasury shares

 

-56.7 -31.4
Sale of treasury shares   24.1 26.3
Dividend payment to shareholders of Sika AG

 

-198.0 -243.7
Dividends related to non-controlling interests

 

-1.9 -2.0
Cash flow from financing activities

 

-473.3 -289.2

in CHF mn

Notes

2016 2017
Exchange differences on cash and cash equivalents

 

-9.1 -1.6
       
Net change in cash and cash equivalents

 

80.6 -117.1
Cash and cash equivalents at the beginning of the year

1

1,074.4 1,155.0
Cash and cash equivalents at the end of the year

1

1,155.0 1,037.9
       
Cash flow from operating activities contains:

 

   
Dividends from associated companies

 

0.6 0.5
Interest received

 

2.6 1.8
Interest paid

 

-20.4 -14.4

1Prior year restated due to the reclassification and separate disclosure of
non-liquidity related other financial expenses/income as well as cash flows
from hedging transactions.