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Consolidated cash flow statements - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Consolidated cash flows statements [Abstract]      
Profit/(loss) for the year $ 36,448 $ (2,087) $ (10,918)
Non-monetary adjustments      
Depreciation, amortization and impairment charges 418,271 473,638 439,441
Financial expense 319,286 335,546 359,550
Fair value gains on derivative financial instruments (1,869) (19,138) (16,785)
Shares of profits from entities carried under the equity method (13,207) (21,465) (12,304)
Income tax 790 (9,689) 36,220
Other non-monetary items (3,119) 27,996 55,809
Profit/(loss) for the year adjusted by non-monetary items 756,600 784,801 851,013
Changes in working capital      
Inventories (6,285) (6,955) 5,215
Trade and other receivables (107,201) 99,249 48,521
Trade payables and other current liabilities (415) (6,158) (25,782)
Other current assets/liabilities 18,057 (7,331) (31,081)
Changes in working capital (95,844) 78,805 (3,127)
Income tax paid (26,020) (14,730) (51,684)
Interest received 21,668 9,178 2,519
Interest paid (268,356) (271,732) (293,098)
A. Net cash provided by operating activities 388,048 586,322 505,623
Business combinations and investments in entities under the equity method (29,259) (50,507) (362,449)
Investments in operating concessional assets (27,929) (39,107) (19,216)
Investments in assets under development or construction (56,280) (36,784) (7,028)
Distributions from entities under the equity method 34,329 67,695 34,883
Net divestment in other non-current financial assets 27,505 1,265 2,655
Net cash used in investing activities (51,634) (57,438) (351,155)
Proceeds from project debt 213,232 0 14,560
Proceeds from corporate debt 161,498 101,140 429,014
Repayment of project debt (531,837) (426,396) (418,265)
Repayment of corporate debt (115,891) (80,519) (376,154)
Dividends paid to Company's shareholders (206,755) (203,106) (190,638)
Dividends paid to non-controlling interest (31,433) (39,209) (28,134)
Non-controlling interest capital contribution 19,823 0 0
Capital contribution 0 113,072 189,454
C. Net cash used in financing activities (491,363) (535,018) (380,163)
Net decrease in cash and cash equivalents (154,949) (6,134) (225,695)
Cash and cash equivalents at beginning of the year 600,990 622,689 868,501
Translation differences in cash and cash equivalents 2,260 (15,565) (20,117)
Cash and cash equivalents at the end of the year $ 448,301 $ 600,990 $ 622,689