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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Profit/(loss) for the year $ 444,838 $ 268,120 $ (394,002)
Adjustments:      
Depreciation and amortization 30,416 178,461 172,381
Impairment/(write back) of assets and investments 4,812 (8,314) 72,263
Financing expenses, net 1,790 275,799 171,118
Share in losses of associated companies, net 105,257 109,980 185,592
Capital (gains)/losses, net [1] (25,529) 2,534
Loss on disposal of property, plant and equipment, net 206
Net change in fair value of derivative financial instruments 1,002
(Write back)/provision of financial guarantee (62,563) 130,193
Bad debt expense 7,866 4,896
Gain on third party investment in Qoros (504,049)
Fair value loss on option 39,788
Write down of other payables 489
Share-based payments 1,814 957 832
Income taxes 16,244 278,447 59,334
Total adjustments 80,044 1,085,787 405,141
Change in inventories 1,291 (40,076)
Change in trade and other receivables 9,192 (62,436) (68,634)
Change in trade and other payables (35,311) (568,364) 22,835
Change in provisions and employee benefits 2,021 (41,243)
Cash generated from operating activities 53,925 458,299 278,023
Income taxes paid, net (1,546) (66,830) (116,429)
Dividends received from investments in associates 382 743
Net cash provided by operating activities 52,379 391,851 162,337
Cash flows from investing activities      
Proceeds from sale of property, plant and equipment and intangible assets 66 4,727 426
Short-term deposits and loans, net (28,511) (4,876) 222,451
Investment in long-term deposits, net (13,560)
Cash paid for businesses purchased, less cash acquired (206,059)
Cash paid for asset acquisition, less cash acquired (2,344)
Sale of subsidiaries - Latin America and Caribbean businesses, net of cash disposed off 792,585
Income tax paid (169,845)
Sale of Colombian assets, net of cash disposed off 600
Investment in associates (90,154) (111,153)
Sale of securities held for trade and available for sale, net 17,334
Acquisition of property, plant and equipment (69,314) (227,601) (280,955)
Acquisition of intangible assets (132) (10,412) (9,598)
Proceeds from realization of long-term deposits 18,476 4,655
Interest received 12,578 6,825 6,143
Proceeds from transactions in derivatives, net 31
Proceeds from dilution of third party investment in Qoros 259,749
Payment of consideration retained (2,204)
Receipt/(payment) to release financial guarantee 18,336 (72,278) (36,023)
Payment of transaction cost for sale of subsidiaries (48,759)
Energuate purchase adjustment 10,272
Insurance claim received 80,000
Net cash (used in)/provided by investing activities (113,383) 584,497 (399,638)
Cash flows from financing activities      
Dividend paid to non-controlling interests (8,219) (29,443) (32,694)
Dividends paid (100,084)
Capital distribution (664,700)
Proceeds from issuance of shares to holders of non-controlling interests in subsidiaries 100,478 9,468
Payment of issuance expenses related to long term debt (34,391)
Payment of consent fee (4,547)
Receipt of long-term loans and issuance of debentures 33,762 1,938,877 799,481
Repayment of long-term loans and debentures (376,412) (1,506,553) (444,976)
Short-term credit from banks and others, net (77,073) (126,287) (5,477)
Payment of swap unwinding and early repayment fee (46,966)
Purchase of non-controlling interest (13,805)
Interest paid (24,875) (180,242) (151,241)
Net cash (used in)/provided by financing activities (1,217,601) 97,121 174,561
(Decrease)/increase in cash and cash equivalents (1,278,605) 1,073,469 (62,740)
Cash and cash equivalents at beginning of the year 1,417,388 326,635 383,953
Effect of exchange rate fluctuations on balances of cash and cash equivalents (7,660) 17,284 5,422
Cash and cash equivalents at end of the year $ 131,123 $ 1,417,388 $ 326,635
[1] Mainly relate to (gains)/losses from disposal of property, plant and equipment.