Consolidated cash flow statement

In CHF million	Note	2025	2024
Operating profit	25	1 384	1 266
Depreciation, amortization, and impairment	17, 18, 19	334	330
Other non-cash items	25	314	253
Other cash items	25	–270	–235
Dividends received		18	25
Interest received		47	72
Interest paid		–33	–29
Other financial result		–51	–15
Income taxes paid, net		–282	–318
Change in net working capital	25	29	246
Cash flow from operating activities		1 490	1 595
Additions
Property, plant, and equipment	17	–105	–107
Intangible assets	19	–2	–2
Associates		–9	–
Current and non-current financial assets		–2 112	–2 195
Disposals
Property, plant, and equipment	17	12	24
Current and non-current financial assets		1 867	1 863
Business combinations	23	–105	–71
Disposal of subsidiaries	24	7	12
Cash flow from investing activities		–447	–476
Proceeds from increase in current and non-current financial debts	14	1	3
Repayments of current financial debts	14	–8	–10
Lease payments	18	–160	–152
Acquisition of non-controlling interests	22	–158	–51
Purchase of treasury shares	22	–231	–65
Disposal of treasury shares	22	29	–
Dividends paid to Schindler shareholders	22	–643	–538
Dividends paid to non-controlling interests		–45	–69
Cash flow from financing activities		–1 215	–882
Exchange differences		–123	26
Change in cash and cash equivalents		–295	263
Cash and cash equivalents as of January 1		2 599	2 336
Cash and cash equivalents as of December 31		2 304	2 599