in CHF mn Notes 1/1/2018 -6/30/2018 1/1/2019 -6/30/2019
Operating activities      
Profit before taxes   422.7 438
Depreciation and amortization expenses   100.2 142.1
Increase (+)/decrease (–) in provisions/employee benefit assets and obligations   3.3 3.5
Increase (–)/decrease (+) in net working capital and accruals   -267.1 -181.3
Non-liquidity-related financial expenses (+)/income (-) as well as cash flow from hedging transactions   17.1 11.9
Other adjustments   18.9 14.8
Income taxes paid   -135.5 -165.4
Cash flow from operating activities   159.6 263.6
       
in CHF mn Notes 1/1/2018 -6/30/2018 1/1/2019 -6/30/2019
Investing activities      
Property, plant, and equipment: capital expenditures   -146.1 -82.2
Property, plant, and equipment: disposals   0.6 2.1
Intangible assets: capital expenditures   -2.6 -3.8
Intangible assets: disposals   0.0  
Acquisitions less cash and cash equivalents   -406.7 -1,726.6
Acquisitions (–)/disposals (+) of financial assets   -2.6 4.3
Cash flow from investing activities   -557.4 -1,806.2
       
in CHF mn Notes 1/1/2018 -6/30/2018 1/1/2019 -6/30/2019
Financing activities      
Increase in financial liabilities   2,106.2 180.7
Repayment of financial liabilities   -1,718 -994.4
Issue of bonds 13 300.6 1,121.8
Issue of convertible bonds 13 1,630.6 1,280.1
Repayment of lease liabilities 13 0.0 -35.8
Acquisitions of treasury shares   -2,114.7 -40.3
Disposals of treasury shares   19.9 41.4
Dividend payment to shareholders of Sika AG   -281.8 -290.6
Dividend payments to non-controlling interests   0.0 -2.6
Cash flow from financing activities   -57.2 1,260.3
       
in CHF mn
Notes 1/1/2018 -6/30/2018 1/1/2019 -6/30/2019
Exchange differences on cash and cash equivalents   -3.4 -3.9
       
Net change in cash and cash equivalents   -458.4 -286.2
Cash and cash equivalents at the beginning of the period 7 1,037.9 914
Cash and cash equivalents at the end of the period 7 579.5 627.8
       
Cash flow from operating activities contains:      
Dividends from associated companies   0.6 0.5
Interest received   1.4 1.1
Interest paid   -2.7 -8.5