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Consolidated cash flow statements - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Consolidated cash flows statements [Abstract]      
Profit for the year $ 16,874 $ 74,608 $ 55,269
Non-monetary adjustments      
Depreciation, amortization and impairment charges 408,604 310,755 362,697
Financial (income)/expenses 315,151 405,634 396,411
Fair value (gains)/losses on derivative financial instruments 15,308 (613) 399
Shares of (profits)/losses from associates (510) (7,457) (5,231)
Income tax 24,877 30,950 42,659
Other non-monetary items (21,633) (37,432) (99,280)
II. Profit for the period adjusted by financial expense and non-monetary adjustments 758,671 776,445 752,924
Variations in working capital      
Inventories (4,590) (1,343) (1,991)
Trade and other receivables (790) (71,505) 5,564
Trade payables and other current liabilities (9,771) (36,533) (4,898)
Financial investments and other current assets/liabilities (18,061) (3,970) (17,019)
III. Variations in working capital (33,212) (113,351) (18,344)
Income tax received/(paid) (16,425) (23) (12,525)
Interest received 5,148 10,135 6,726
Interest paid (275,961) (309,625) (327,738)
A. Net cash provided by operating activities 438,221 363,581 401,043
Acquisitions of subsidiaries and entities under equity method 2,453 (173,366) (70,672)
Investments in contracted concessional assets (1,361) [1] 22,009 [1] 68,048
Distributions from entities under the equity method 22,246 30,443 4,432
Other non-current assets/liabilities (29,198) 2,703 (16,668)
Net cash (used in)/provided by investing activities (5,860) (118,211) (14,860)
Proceeds from Project debt 603,949 5,860 16,266
Proceeds from Corporate debt 678,651 352,966 107,501
Repayment of Project debt (621,691) (282,255) (331,964)
Repayment of Corporate debt (502,042) (320,815) (54,000)
Dividends paid to Company's shareholders (168,659) (159,002) (133,289)
Dividends paid to Non-controlling interest (22,944) (29,239) (9,745)
Purchase of Liberty's equity interests in Solana (266,850) 0 0
Non-controlling interests capital contribution 0 92,303 0
Capital increase 162,246 30,000 0
Net cash used in financing activities (137,340) (310,182) (405,231)
Net increase/(decrease) in cash and cash equivalents 295,021 (64,812) (19,048)
Cash and cash equivalents at beginning of the year 562,795 631,542 669,387
Translation differences cash and cash equivalents 10,685 (3,935) (18,797)
Cash and cash equivalents at end of the year $ 868,501 $ 562,795 $ 631,542
[1] Includes proceeds for $7.4 million, $22.2 million and $72.6 million in 2020, 2019 and 2018 respectively (Note 6).