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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Cash from operations $ 788,073 $ 656,699 $ 660,025
Employee long term retirement benefits     (112)
Income taxes paid (29,147) (14,540) (13,396)
Payment for rent (8,506) (6,838) (4,577)
Payment for tower and tower equipment decommissioning (231) (65)  
Net cash generated from operating activities 750,189 635,256 641,940
Cash flows from investing activities      
Purchase of property, plant and equipment - capital work in progress (224,479) (87,014) (91,004)
Purchase of other property, plant and equipment - others (13,666) (7,786) (21,648)
Payment in advance for property, plant and equipment (159,276) (131,935) (140,340)
Purchase of software and licenses (5,054) (2,464) (5,286)
Consideration paid on business combinations, net of cash acquired (401,039) (542,905)  
Proceeds from disposal of property, plant and equipment 4,742 2,227 2,403
Insurance claims received 16,672 6,264 3,607
Interest income received 7,798 5,101 14,732
Payments of short term deposits (103,647)    
Restricted cash transferred from other receivables     1,730
Net cash used in investing activities (877,949) (758,512) (235,806)
Cash flows from financing activities      
Capital raised 378,000   12,368
Cost of capital raised (28,154)    
Bank loans and bond proceeds received 1,076,063 232,219 1,800,000
Bank loans and bonds repaid (653,504) (99,903) (1,622,317)
Fees on loans and derivative instruments (20,426) (9,403) (61,398)
Interest paid (168,285) (167,938) (171,883)
Costs paid on early loan settlement (18,171)   (22,153)
Payment for the principal of lease liabilities (63,324) (39,153) (58,330)
Interest paid for lease liabilities (32,923) (19,239) (11,634)
Initial margin received on non-deliverable forwards 36,714 5,066 8,023
Initial margin deposited on non-deliverable forwards (19,436) (33,846) (8,072)
Profits received/(losses settled) on non-deliverable forwards 37,711 4,061 (2,923)
Net cash generated from/(used in) financing activities 524,265 (128,136) (138,319)
Net increase/(decrease) in cash and cash equivalents 396,505 (251,392) 267,815
Cash and cash equivalents at beginning of year 585,416 898,802 633,450
Effect of movements in exchange rates on cash (65,433) (61,994) (2,463)
Cash and cash equivalents at end of year $ 916,488 [1] $ 585,416 $ 898,802
[1] Restated for the correction in accounting in respect of the acquisition of Fiberco Soluções de Infraestrutura S.A. (see note 2.24).