| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net profit (loss) for the year | ||||||
82,032 | 44,186 | -139,506 | ||||
Adjustments for: | ||||||
Depreciation and amortization | ||||||
313,413 | 269,546 | 230,732 | ||||
Provisions for return conditions | ||||||
811 | 28,354 | 73,203 | ||||
Provisions for legal claims | ||||||
14,490 | 11,116 | 13,386 | ||||
Reversals in Impairment losses on inventories | ||||||
-5,376 | -7,094 | -1,252 | ||||
Impairment losses on receivables | ||||||
4,363 | 2,966 | 7,281 | ||||
Share-based payment loss (income) | ||||||
-1,002 | 1,111 | -1,121 | ||||
Loss (gains) on disposal of assets | ||||||
-1,978 | 10,256 | 8,670 | ||||
Fair value adjustment of financial instruments | ||||||
-3,549 | 4,290 | -5,327 | ||||
Interest income | ||||||
14,528 | 13,054 | 19,016 | ||||
Interest expense | ||||||
183,332 | 172,630 | 169,407 | ||||
Deferred tax | ||||||
-15,050 | 6,642 | 13,748 | ||||
Current tax | ||||||
35,159 | 27,448 | 17,280 | ||||
Currency translation adjustment | ||||||
20,163 | 23,939 | 177,529 | ||||
Changes in: | ||||||
Accounts receivable | ||||||
-108,793 | -65,516 | -46,324 | ||||
Expendable spare parts and supplies | ||||||
-9,272 | -6,499 | -1,902 | ||||
Prepaid expenses | ||||||
49,396 | 14,017 | -10,357 | ||||
Deposits and other assets | ||||||
-38,611 | -28,050 | -181 | ||||
Accounts payable and accrued expenses | ||||||
77,865 | 29,101 | -39,355 | ||||
Air traffic liability | ||||||
24,491 | 89,187 | -23,879 | ||||
Provision for return conditions | ||||||
-11,458 | -16,967 | -40,986 | ||||
Employee benefits | ||||||
-15,011 | -8,929 | -11,996 | ||||
Income tax paid | ||||||
39,098 | 40,212 | 38,762 | ||||
Net cash provided by operating activities | ||||||
527,317 | 567,954 | 363,002 | ||||
Cash flows from investing activities: | ||||||
Available-for-sale securities | ||||||
-85 | -170 | -7,043 | ||||
Restricted cash | ||||||
-505 | 7,422 | -10,815 | ||||
Interest received | ||||||
12,492 | 8,606 | 9,009 | ||||
Advance payments on aircraft purchase contracts | ||||||
119,049 | 78,523 | 220,920 | ||||
Acquisition of property and equipment | ||||||
215,305 | 210,772 | 156,655 | ||||
Redemption (Investment in) of investment in certificates of bank deposits | ||||||
-15,540 | 32,709 | -32,087 | ||||
Acquisition of intangible assets | ||||||
30,619 | 21,660 | 16,856 | ||||
Proceeds from the adquisition of subsidiary | ||||||
-6 | - | - | ||||
Proceeds from sale of property and equipment | ||||||
161,910 | 143,362 | 90,625 | ||||
Proceeds form sale of investments | ||||||
484 | 296 | 165 | ||||
Net cash used in investing activities | ||||||
-206,041 | -118,390 | -330,491 | ||||
Cash flows from financing activities: | ||||||
Proceeds from loans and borrowings | ||||||
510,360 | 35,034 | 451,973 | ||||
Repayments of loans and borrowings | ||||||
388,096 | 394,939 | 515,927 | ||||
Dividends paid | ||||||
25,671 | 5,723 | 70,838 | ||||
Increase in non-controlling interest | ||||||
-130,002 | -26,100 | - | ||||
Interest paid | ||||||
162,144 | 158,741 | 148,518 | ||||
Sale of minority shareholding | ||||||
- | - | 301,389 | ||||
Net cash (used in) provided by financing activities | ||||||
-195,553 | -550,469 | 18,079 | ||||
Net (decrease) increase in cash and cash equivalents | ||||||
125,723 | -100,905 | 50,590 | ||||
Net foreign exchange difference | ||||||
7,506 | -2,723 | -212,100 | ||||