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CONSOLIDATED CASH FLOW STATEMENTS - CNY (¥)
¥ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Cash generated from operating activities ¥ 39,728 ¥ 21,174 [1] ¥ 23,478 [1]
Interest received 67 131 [1] 119 [1]
Interest paid (7,014) (4,255) [1] (3,758) [1]
Income tax paid (1,606) (1,662) [1] (2,107) [1]
Net cash generated from operating activities 31,175 15,388 [1] 17,732 [1]
Investing activities      
Acquisition of subsidiaries, net of cash acquired 176 6 [1] (682) [1]
Proceeds from disposal of property, plant and equipment and land use right 814 3,550 [1] 5,922 [1]
Proceeds from sale of a joint venture 0 0 [1] 7 [1]
Proceeds from disposal of other financial assets 492 0 [1] 0 [1]
Acquisition of other financial assets (50) (440) [1] 0 [1]
Dividends received from associates 84 114 [1] 195 [1]
Dividends received from joint ventures 177 144 [1] 9 [1]
Dividends received from other investments in equity securities and available-for-sale financial assets 0 0 [1] 18 [1]
Dividends received from other investments in equity and other non-current financial assets 22 20 [1] 0 [1]
Acquisition of term deposits (43) (264) [1] (313) [1]
Proceeds from maturity of term deposits 264 313 [1] 568 [1]
Acquisition of property, plant and equipment and other assets (15,622) (24,033) [1] (13,846) [1]
Capital injection into associates (500) 0 [1] (185) [1]
Acquisition of an associate (386) 0 [1] 0 [1]
Payments for aircraft lease deposits (6) (53) [1] (40) [1]
Refunds of aircraft lease deposits 151 126 [1] 111 [1]
Net cash used in investing activities (14,427) (20,517) [1] (8,236) [1]
Financing activities      
Dividends paid to equity shareholders of the Company (613) (1,009) [1] (982) [1]
Proceeds from issuance of shares 0 10,908 [1] 1,321 [1]
Proceeds from bank borrowings 33,985 34,385 [1] 42,854 [1]
Proceeds from corporate bonds 7,497 2,000 [1] 0 [1]
Proceeds from issuance of ultra-short-term financing bills 43,489 5,500 [1] 1,000 [1]
Repayment of bank borrowings (50,374) (34,260) [1] (18,311) [1]
Capital Element Of Lease Rentals Paid (17,784) 0 [1] 0 [1]
Repayment of principal under finance lease obligations 0 (10,433) [1] (9,835) [1]
Repayment of ultra-short-term financing bills (25,000) (1,500) [1] (22,986) [1]
Repayment of corporate bonds (12,951) (345) [1] 0 [1]
Capital injections by non-controlling interests in subsidiaries 0 72 [1] 404 [1]
Dividends paid to non-controlling interests (82) (98) [1] (261) [1]
Net cash (used in)/generated from financing activities (21,833) 5,220 [1] (6,796) [1]
Net (decrease)/increase in cash and cash equivalents (5,085) 91 [1] 2,700 [1]
Cash and cash equivalents at January 1 [1] 6,928 6,826 4,152
Exchange gain/(loss) on cash and cash equivalents 6 11 [1] (26) [1]
Cash and cash equivalents at December 31 ¥ 1,849 ¥ 6,928 [1] ¥ 6,826 [1]
[1] The Group has initially applied IFRS 16 at January 1, 2019 using the modified retrospective approach. Under this approach, comparative information is not restated. See Note 2(b).