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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS - OPERATING ACTIVITIES      
Net profit for the period $ 154,075 $ 83,289 $ 88,073
Income and expense items not involving cash flows:      
Depreciation and amortization 270,710 240,531 214,474
Effect of exchange rate differences on debentures 1,138 6,645 10,294
Other expense (income), net (1,461) 5,215 (4,293)
Changes in assets and liabilities:      
Trade accounts receivable 14,335 (33,087) 27,317
Other current assets (26,731) (7,999) (4,600)
Inventories (44,192) (2,891) (21,021)
Trade accounts payable (25,004) (18,576) (339)
Deferred revenue and customers' advances 74,524 (3,072) (10,331)
Employee related liabilities and other current liabilities 16,850 347 (9,435)
Long-term employee related liabilities (2,681) 3,936 (310)
Deferred tax, net and other long-term liabilities (10,270) 2,223 1,491
Net cash provided by operating activities 421,293 276,561 291,320
CASH FLOWS - INVESTING ACTIVITIES      
Investments in property and equipment, net (313,808) (313,656) (191,396)
Proceeds related to sale and disposal of property and equipment 34,548 57,117 19,230
Investments in other assets (1,792) (1,450) (413)
Deposits and marketable securities, net (57,892) (105,620) (132,515)
Net cash used in investing activities (338,944) (363,609) (305,094)
CASH FLOWS - FINANCING ACTIVITIES      
Exercise of options, net 458 2,512 1,842
Proceeds from loans 96,143 0 0
Loans repayment (97,174) 0 0
Principal payments on account of capital lease obligation (35,391) (25,364) (19,402)
Debentures repayment (40,893) (38,335) 0
Net cash used in financing activities (76,857) (61,187) (17,560)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGE (6,245) 4,357 1,804
DECREASE IN CASH AND CASH EQUIVALENTS (753) (143,878) (29,530)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 211,683 355,561 385,091
CASH AND CASH EQUIVALENTS - END OF PERIOD 210,930 211,683 355,561
NON-CASH ACTIVITIES:      
Investments in property and equipment 65,634 35,271 39,184
Conversion of notes into share capital 0 0 22,600
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash received during the period from interest 5,590 10,524 14,436
Cash paid during the period for interest 4,561 6,633 7,456
Cash paid for (received from) income taxes, net during the period $ 8,288 $ (2,436) $ 13,026