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Consolidated cash flow statements - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Consolidated cash flow statements [Abstract]      
I. Profit/(loss) for the year $ 55,269 $ (104,887) $ 1,667
Non-monetary adjustments      
Depreciation, amortization and impairment charges 362,697 310,960 332,925
Financial (income)/expenses 396,411 443,517 397,966
Fair value (gains)/losses on derivative financial instruments 399 759 (1,761)
Shares of (profits)/losses from associates (5,231) (5,351) (6,646)
Income tax 42,659 119,837 1,666
Changes in consolidation and other non-monetary items (99,280) (20,882) (59,375)
II. Profit for the year adjusted by non monetary items 752,924 743,953 666,442
Variations in working capital      
Inventories (1,991) (2,548) (729)
Clients and other receivables 5,564 (23,799) (15,001)
Trade payables and other current liabilities (4,898) 22,474 11,422
Financial investments and other current assets/liabilities (17,019) (4,924) 6,341
III. Variations in working capital (18,344) (8,797) 2,033
Income tax received/(paid) (12,525) (4,779) (1,953)
Interest received 6,726 4,139 3,342
Interest paid (327,738) (348,893) (335,446)
A. Net cash provided by/(used in) operating activities 401,043 385,623 334,418
Investments in entities under the equity method 4,432 3,003 4,984
Investments in contracted concessional assets 68,048 [1] 30,058 [1] (5,952)
Other non-current assets/liabilities (16,668) 8,183 (3,637)
(Acquisitions)/sales of subsidiaries and other financial instruments (70,672) 30,124 (21,754)
B. Net cash (used in)/provided by investing activities (14,860) 71,368 (26,359)
Proceeds from Project & Corporate debt 123,767 296,398 11,113
Repayment of Project & Corporate debt (385,964) (613,242) (182,636)
Dividends paid to Company's shareholders (143,034) (99,483) (35,509)
Purchase of shares to non-controlling interests 0 0 (19,071)
C. Net cash provided by/(used in) financing activities (405,231) (416,327) (226,103)
Net increase/(decrease) in cash and cash equivalents (19,048) 40,664 81,956
Cash, cash equivalents and bank overdrafts at beginning of the year 669,387 594,811 514,712
Translation differences cash or cash equivalent (18,797) 33,912 (1,857)
Cash and cash equivalents at the end of the year $ 631,542 $ 669,387 $ 594,811
[1] Includes proceeds for $72.6 million and investments for $4.6 million in 2018, and proceeds for $42.5 million and investments for $12.4 million in 2017 (see Note 6).