| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
CASH FLOW FROM OPERATING ACTIVITIES | ||||||
Consolidated net income | ||||||
8,299 | 6,206 | 4,786 | ||||
Depreciation, depletion, amortization and impairment | ||||||
16,611 | 14,423 | 19,334 | ||||
Non-current liabilities, valuation allowances, and deferred taxes | ||||||
-384 | -1,559 | -2,563 | ||||
(Gains) losses on disposals of assets | ||||||
-2,598 | -263 | -2,459 | ||||
Undistributed affiliates' equity earnings | ||||||
-42 | 643 | 311 | ||||
(Increase) decrease in working capital | ||||||
-827 | 1,119 | -1,683 | ||||
Other changes, net | ||||||
-478 | -524 | -524 | ||||
Cash flow from operating activities | ||||||
22,319 | 16,521 | 19,946 | ||||
CASH FLOW USED IN INVESTING ACTIVITIES | ||||||
Intangible assets and property, plant and equipment additions | ||||||
13,767 | 18,106 | 25,132 | ||||
Acquisitions of subsidiaries, net of cash acquired | ||||||
800 | 1,123 | 128 | ||||
Investments in equity affiliates and other securities | ||||||
1,368 | 180 | 513 | ||||
Increase in non-current loans | ||||||
961 | 1,121 | 2,260 | ||||
Total expenditures | ||||||
16,896 | 20,530 | 28,033 | ||||
Proceeds from disposals of intangible assets and property, plant and equipment | ||||||
1,036 | 1,462 | 2,623 | ||||
Proceeds from disposals of subsidiaries, net of cash sold | ||||||
2,909 | 270 | 2,508 | ||||
Proceeds from disposals of non-current investments | ||||||
294 | 132 | 837 | ||||
Repayment of non-current loans | ||||||
1,025 | 1,013 | 1,616 | ||||
Total divestments | ||||||
5,264 | 2,877 | 7,584 | ||||
Cash flow used in investing activities | ||||||
-11,632 | -17,653 | -20,449 | ||||
CASH FLOW FROM FINANCING ACTIVITIES | ||||||
Issuance (repayment) of shares: Parent company shareholders | ||||||
519 | 100 | 485 | ||||
Issuance (repayment) of shares: Treasury shares | ||||||
- | - | 237 | ||||
Dividends paid: Parent company shareholders | ||||||
2,643 | 2,661 | 2,845 | ||||
Dividends paid: Non-controlling interests | ||||||
141 | 93 | 100 | ||||
Issuance of perpetual subordinated notes (Note 9) | ||||||
- | 4,711 | 5,616 | ||||
Payments on perpetual subordinated notes | ||||||
276 | 133 | - | ||||
Other transactions with non-controlling interests | ||||||
-4 | -104 | 89 | ||||
Net issuance (repayment) of non-current debt | ||||||
2,277 | 3,576 | 4,166 | ||||
Increase (decrease) in current borrowings | ||||||
-7,175 | -3,260 | -597 | ||||
Increase (decrease) in current financial assets and liabilities | ||||||
1,903 | 1,396 | -5,517 | ||||
Cash flow used in financing activities | ||||||
-5,540 | 3,532 | 1,060 | ||||
Net increase (decrease) in cash and cash equivalents | ||||||
5,147 | 2,400 | 557 | ||||
Effect of exchange rates | ||||||
3,441 | -1,072 | -2,469 | ||||