| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Profit (Loss) for the year | ||||||
1,022 | 706 | 59 | ||||
Adjustments for: | ||||||
Depreciation and amortization | ||||||
474 | 406 | 433 | ||||
Income tax accruals less payments | ||||||
-273 | 182 | -23 | ||||
Equity in (earnings) losses of non-consolidated companies | ||||||
68 | 14 | -272 | ||||
Interest accruals less payments | ||||||
19 | 12 | 5 | ||||
Results on the sale of participation in subsidiary companies | ||||||
0 | 0 | -1 | ||||
Changes in provisions | ||||||
2 | 1 | 3 | ||||
Changes in working capital | ||||||
864 | 162 | -509 | ||||
Net foreign exchange results and others | ||||||
70 | -33 | 61 | ||||
Net cash provided by operating activities | ||||||
383 | 1,099 | 1,323 | ||||
Cash flows from investing activities | ||||||
Capital expenditures | ||||||
409 | 435 | 466 | ||||
Loans to non-consolidated companies | ||||||
23 | 92 | 10 | ||||
Decrease (Increase) in other investments | ||||||
-14 | -86 | 85 | ||||
Acquisition of business, Purchase consideration | ||||||
1,890 | 0 | 0 | ||||
Acquisition of business, Cash acquired | ||||||
278 | 0 | 0 | ||||
Investment in non-consolidated companies | ||||||
0 | 114 | 9 | ||||
Proceeds from the sale of property, plant and equipment | ||||||
1 | 1 | 1 | ||||
Dividends received from non-consolidated companies | ||||||
0 | 0 | 0 | ||||
Sale of participation in subsidiary company, net of cash disposed | ||||||
0 | 0 | -0 | ||||
Net cash used in investing activities | ||||||
-2,029 | -554 | -572 | ||||
Cash flows from financing activities | ||||||
Dividends paid in cash to companys shareholders | ||||||
196 | 176 | 176 | ||||
Dividends paid in cash to non-controlling interests | ||||||
30 | 50 | 32 | ||||
Finance Lease payments | ||||||
4 | 0 | 0 | ||||
Contributions from non-controlling shareholders in consolidated subsidiaries | ||||||
0 | 0 | 30 | ||||
Acquisition of non-controlling interest | ||||||
0 | 0 | 74 | ||||
Proceeds from borrowings | ||||||
3,239 | 910 | 822 | ||||
Repayments of borrowings | ||||||
1,205 | 1,191 | 1,379 | ||||
Net cash (used in) provided by financing activities | ||||||
1,802 | -508 | -809 | ||||
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | ||||||
156 | 36 | -58 | ||||
Movement in cash and cash equivalents | ||||||
Effect of exchange rate changes | ||||||
-1 | -4 | -3 | ||||
Increase (Decrease) in cash and cash equivalents | ||||||
156 | 36 | -58 | ||||
Non- Cash transactions: | ||||||
Acquisition of PP&E under lease contract agreements | ||||||
77 | 0 | 0 | ||||
Non-cash items impacting working capital | ||||||
-70 | -73 | -210 | ||||