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Consolidated Statements of Cash Flows
₪ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
ILS (₪)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
ILS (₪)
Dec. 31, 2017
ILS (₪)
Cash flows from operating activities        
Net profit (loss) for the year ₪ (1,381) $ (399) ₪ (1,859) ₪ 741
Depreciation, amortization and impairment 2,064 597 2,387 2,117
Loss from impairment of assets 1,274 369 2,293 129
Share of loss of equity accounted investees 2 1 3 5
Finance expenses, net 416 120 541 525
Capital gain, net (475) (137) (13) (27)
Income tax expenses 1,473 426 (59) 347
Change in inventory (16) (5) (5) (35)
Change in trade and other receivables 93 27 239 194
Change in trade and other payables (113) (33) (144) 16
Changes in provisions (49) (14) 81 15
Changes in employee benefits (50) (14) 489 (33)
Change in other liabilities (8) (2)   (34)
Net income tax paid (325) (94) (467) (473)
Net cash provided by operating activities 2,905 842 3,486 3,487
Cash flows from investing activities        
Purchase of property, plant and equipment (1,095) (317) (1,216) (1,131)
Investment in intangible assets and deferred expenses (382) (111) (390) (399)
Proceeds from the sale of PP&E and investment property 404 117 315 98
Change in investments, net 569 165 (1,168) 301
Net deposits to restricted cash (39) (11)    
Tax payments regarding sale of investment property (69) (20) (201)  
Other 35 10 42 3
Net cash used in investing activities (577) (167) (2,618) (1,128)
Cash flows from financing activities        
Proceeds from issuance of debentures and loans received 2,275 657 1,139 2,635
Repayment of debentures and loans (4,287) (1,240) (1,793) (1,813)
Interest paid (496) (144) (523) (537)
Dividends paid by Bezeq to non-controlling interests     (505) (948)
Payments of principal and interest for leases (414) (120) (422)  
Proceeds from issuance of shares, net 447 129    
Costs for early repayment of loans and debentures (93) (27)    
Payments to Eurocom DBS       (61)
Others (50) (14) (46) (11)
Net cash used in financing Activities (2,618) (759) (2,150) (735)
Net increase (decrease) in cash and cash equivalents (290) (84) (1,282) 1,624
Cash and cash equivalents as at the beginning of the year 1,104 320 2,386 762
Cash and cash equivalents as at the end of the year ₪ 814 $ 236 ₪ 1,104 ₪ 2,386