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Consolidated Statements of Cash Flows - KRW (₩)
₩ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Profit (loss) for the year ₩ (2,872,078) ₩ (179,443) ₩ 1,937,052
Adjustments for:      
Income tax expense (benefit) (472,164) 88,077 395,580
Depreciation and amortization 3,695,051 3,554,565 3,214,576
Gain on foreign currency translation (103,460) (84,643) (187,558)
Loss on foreign currency translation 171,966 138,452 174,919
Expenses related to defined benefit plans 162,997 179,880 198,241
Gain on disposal of property, plant and equipment (35,788) (6,620) (101,227)
Loss on disposal of property, plant and equipment 40,897 15,048 20,030
Impairment loss on property, plant and equipment 1,550,430 43,601  
Impairment loss on inventories 472,885 313,180 206,127
Bad debt expense (reversal) (17) (1,155) 144
Gain on disposal of intangible assets (552) (239) (308)
Loss on disposal of intangible assets 139   30
Impairment loss on intangible assets 249,450 82 1,809
Reversal of impairment loss on intangible assets (960) (348) (35)
Impairment loss on other assets 3,602    
Gain on disposal of non-current assets held for sale (8,353)    
Expense on increase of provisions 419,720 234,928 251,131
Finance income (186,707) (101,313) (202,591)
Finance costs 338,419 173,975 142,591
Equity in income of equity method accounted investees, net (12,147) (700) (9,560)
Other income (20,416) (3,310) (16,812)
Other expenses 4,451 593 1,870
Adjustments for reconcile of profit and loss 3,397,365 4,364,610 6,026,009
Changes in Trade accounts and notes receivable (1,007,356) 1,306,118 484,448
Other accounts receivable (49,443) (56,870) (3,004)
Inventories 159,474 (763,081) (262,106)
Lease receivables 6,617    
Other current assets (288,770) (249,968) 180,844
Other non-current assets (38,608) (61,164) (119,002)
Trade accounts and notes payable (394,564) 267,358 113,590
Other accounts payable 2,035,750 (111,053) 106,930
Accrued expenses 11,787 (194,394) 181,509
Provisions (294,096) (217,984) (210,973)
Other current liabilities (214,675) 78,849 (585)
Defined benefit liabilities, net (65,681) (224,335) (261,966)
Long-term advances received 63,672 948,276 1,020,470
Other non-current liabilities 7,045 24,510 5,974
Cash generated from operating activities 3,328,517 5,110,872 7,262,138
Income taxes paid (252,812) (486,549) (416,794)
Interests received 47,276 71,819 55,340
Interests paid (416,436) (212,019) (136,483)
Net cash provided by operating activities 2,706,545 4,484,123 6,764,201
Cash flows from investing activities:      
Dividends received 7,502 5,272 8,639
Increase in deposits in banks (114,557) (775,239) (1,803,718)
Proceeds from withdrawal of deposits in banks 114,200 1,454,561 2,206,148
Acquisition of financial assets at fair value through profit or loss (708) (431)  
Proceeds from disposal of financial asset at fair value through profit or loss 452    
Acquisition of financial assets at fair value through other comprehensive income (21)    
Proceeds from disposal of financial assets at fair value through other comprehensive income 107 6  
Acquisition of available-for-sale financial assets     (273)
Proceeds from disposal of available-for-sale financial assets     917
Acquisition of investments in equity accounted investees   (14,732) (20,309)
Proceeds from disposal of investments in equity accounted investees 16,738 4,527 13,128
Acquisition of property, plant and equipment (6,926,985) (7,942,210) (6,592,435)
Proceeds from disposal of property, plant and equipment 335,446 142,088 160,252
Acquisition of intangible assets (540,996) (480,607) (454,448)
Proceeds from disposal of intangible assets 2,468 960 1,674
Government grants received 248,124 1,210 1,859
Proceeds from disposal of non-current assets held for sale 81,351    
Receipt from settlement of derivatives 21,752 2,026 2,592
Increase in short-term loans (8,725) (7,700)  
Proceeds from collection of short-term loans 19,881 15,968 1,118
Increase in long-term loans (6,465) (36,580) (13,930)
Increase in deposits (30,680) (58,794) (2,648)
Proceeds from disposal of emission rights 20,416 10,200 6,090
Decrease in deposits 5,307 4,136 4,272
Net cash used in investing activities (6,755,393) (7,675,339) (6,481,072)
Cash flows from financing activities:      
Proceeds from short-term borrowings 1,841,008 552,164  
Repayments of short-term borrowings (1,154,911) (552,884) (105,864)
Proceeds from issuance of bonds 1,323,251 828,169 497,959
Proceeds from long-term borrowings 4,341,087 3,882,958 1,195,415
Repayments of current portion of long-term borrowings and bonds (1,567,818) (1,859,098) (544,731)
Payment of lease liabilities (64,570)    
Capital contribution from non-controlling interests 276,396 331,603 4,300
Subsidiaries' dividends distributed to non-controlling interests (6,541) (51,085) (5,929)
Dividends paid   (178,908) (178,908)
Net cash provided by financing activities 4,987,902 2,952,919 862,242
Net increase (decrease) in cash and cash equivalents 939,054 (238,297) 1,145,371
Beginning Balance 2,365,022 2,602,560 1,558,696
Effect of exchange rate fluctuations on cash held 31,927 759 (101,507)
Ending Balance ₩ 3,336,003 ₩ 2,365,022 ₩ 2,602,560