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Consolidated Statements of Cash Flows
₪ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2020
ILS (₪)
Dec. 31, 2019
ILS (₪)
Dec. 31, 2018
ILS (₪)
Cash flows from operating activities        
Loss for year | ₪   ₪ (170) ₪ (107) ₪ (64)
Adjustments:        
Depreciation and amortization | ₪   924 898 584
Share-based payments | ₪   20 8 2
Gain on sale of property, plant and equipment, intangible assets and others | ₪   (8)
Net change in fair value of investment property | ₪   7 6
Tax benefit | ₪   (39) (23) (6)
Financing expenses, net | ₪   172 144 171
Other expenses | ₪   7 3
Share in losses of equity accounted investees | ₪   14 10
Changes in operating assets and liabilities:        
Change in inventory | ₪   (7) 28 (24)
Change in trade receivables (including long-term amounts) | ₪   125 80 166
Change in other receivables (including long-term amounts) | ₪   (50) (20) (39)
Change in receivables (including long-term receivables) | ₪   33 18
Change in trade payables, accrued expenses and provisions | ₪   53 (27) (26)
Change in other liabilities (including long-term amounts) | ₪   (51) 23 11
Payments for derivative hedging contracts, net | ₪   (3) (10)
Income tax paid | ₪   (9) (12) (23)
Income tax received | ₪   10
Net cash from operating activities | ₪   993 1,036 770
Cash flows used in investing activities        
Acquisition of property, plant, and equipment | ₪   (296) (324) (356)
Acquisition of intangible assets and others | ₪   (203) (233) (237)
Acquisition of equity accounted investee | ₪   (3) (157)
Change in current investments, net | ₪   89 (49) (56)
Receipts from other derivative contracts, net | ₪   1 9 3
Proceeds from sale of property, plant and equipment, intangible assets and others | ₪   181 1
Interest received | ₪   5 13 14
Acquisition of subsidiary, less cash purchased | ₪   (608)
Net cash used in investing activities | ₪   (1,015) (560) (631)
Cash flows used in financing activities        
Payments for derivative contracts, net | ₪   (6) (2) (15)
Receipt of long-term loans from financial institutions | ₪   150
Payments for long-term loans from financial institutions | ₪   (212) (212) (78)
Repayment of debentures | ₪   (417) (504) (556)
Proceeds from issuance of debentures, net of issuance costs | ₪   583 997
Repurchase of own debentures | ₪   (10)
Interest paid | ₪   (130) (151) (126)
Acquisition of non-controlling interest | ₪   (19)
Equity offering | ₪   5 309 275
Proceeds from exercise of share options | ₪   140 4 59
Payment of principal of lease liabilities | ₪   (228) (256)
Net cash from (used in) financing activities | ₪   (265) (672) 537
Changes in cash and cash equivalents | ₪   (287) (196) 676
Cash and cash equivalents as at the beginning of the year | ₪   1,006 1,202 527
Effects of exchange rate changes on cash and cash equivalents | ₪   (1)
Cash and cash equivalents as at the end of the year | ₪   ₪ 719 ₪ 1,006 ₪ 1,202
Convenience translation into U.S. dollar [Member]        
Cash flows from operating activities        
Loss for year | $ $ (53)      
Adjustments:        
Depreciation and amortization | $ 287      
Share-based payments | $ 6      
Gain on sale of property, plant and equipment, intangible assets and others | $      
Net change in fair value of investment property | $ 2      
Tax benefit | $ (12)      
Financing expenses, net | $ 53      
Other expenses | $ 2      
Share in losses of equity accounted investees | $ 4      
Changes in operating assets and liabilities:        
Change in inventory | $ (2)      
Change in trade receivables (including long-term amounts) | $ 39      
Change in other receivables (including long-term amounts) | $ (15)      
Change in receivables (including long-term receivables) | $      
Change in trade payables, accrued expenses and provisions | $ 16      
Change in other liabilities (including long-term amounts) | $ (15)      
Payments for derivative hedging contracts, net | $ (1)      
Income tax paid | $ (3)      
Income tax received | $      
Net cash from operating activities | $ 308      
Cash flows used in investing activities        
Acquisition of property, plant, and equipment | $ (92)      
Acquisition of intangible assets and others | $ (63)      
Acquisition of equity accounted investee | $ (1)      
Change in current investments, net | $ 27      
Receipts from other derivative contracts, net | $      
Proceeds from sale of property, plant and equipment, intangible assets and others | $      
Interest received | $ 2      
Acquisition of subsidiary, less cash purchased | $ (189)      
Net cash used in investing activities | $ (316)      
Cash flows used in financing activities        
Payments for derivative contracts, net | $ (2)      
Receipt of long-term loans from financial institutions | $      
Payments for long-term loans from financial institutions | $ (66)      
Repayment of debentures | $ (130)      
Proceeds from issuance of debentures, net of issuance costs | $ 181      
Repurchase of own debentures | $      
Interest paid | $ (40)      
Acquisition of non-controlling interest | $      
Equity offering | $ 2      
Proceeds from exercise of share options | $ 44      
Payment of principal of lease liabilities | $ (71)      
Net cash from (used in) financing activities | $ (82)      
Changes in cash and cash equivalents | $ (90)      
Cash and cash equivalents as at the beginning of the year | $ 314      
Effects of exchange rate changes on cash and cash equivalents | $      
Cash and cash equivalents as at the end of the year | $ $ 224