| Dec'17 | ||||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
(Loss) income before income tax | ||||||
-38,296 | ||||||
Non-cash adjustment to reconcile income before tax to net cash flows from operating activities: | ||||||
Depreciation and amortization | ||||||
27,802 | ||||||
Provision for doubtful accounts | ||||||
239 | ||||||
Finance income | ||||||
5,361 | ||||||
Finance cost | ||||||
4,376 | ||||||
Net foreign exchange differences | ||||||
25,556 | ||||||
Financial instruments | ||||||
-2,534 | ||||||
Net gain on disposal of rotable spare parts, furniture and equipment and gain on sale of aircraft | ||||||
3,292 | ||||||
Employee benefits | ||||||
236 | ||||||
Aircraft and engine lease extension benefit and other benefits from service agreements | ||||||
5,096 | ||||||
Management incentive and long-term incentive plans | ||||||
445 | ||||||
Cash flows from operating activities before changes in working capital | ||||||
9,143 | ||||||
Changes in operating assets and liabilities: | ||||||
Related parties | ||||||
-1,221 | ||||||
Other accounts receivable | ||||||
7,082 | ||||||
Recoverable and prepaid taxes | ||||||
-22,243 | ||||||
Inventories | ||||||
-2,582 | ||||||
Prepaid expenses | ||||||
36,790 | ||||||
Other assets | ||||||
1,112 | ||||||
Guarantee deposits | ||||||
2,910 | ||||||
Suppliers | ||||||
9,936 | ||||||
Accrued liabilities | ||||||
14,690 | ||||||
Other taxes and fees payable | ||||||
17,887 | ||||||
Unearned transportation revenue | ||||||
409 | ||||||
Financial instruments | ||||||
6,387 | ||||||
Other liabilities | ||||||
567 | ||||||
Cash flows from operating activities before interest received and income tax paid | ||||||
80,867 | ||||||
Interest received | ||||||
5,361 | ||||||
Income tax paid | ||||||
36,272 | ||||||
Net cash flows provided by operating activities | ||||||
49,956 | ||||||
Investing activities | ||||||
Acquisitions of rotable spare parts, furniture and equipment | ||||||
127,778 | ||||||
Acquisitions of intangible assets | ||||||
6,633 | ||||||
Pre-delivery payments reimbursements | ||||||
10,841 | ||||||
Proceeds from disposals of rotable spare parts, furniture and equipment | ||||||
9,033 | ||||||
Net cash flows used in investing activities | ||||||
-114,537 | ||||||
Financing activities | ||||||
Proceeds from exercised stock options | ||||||
32 | ||||||
Treasury shares purchase | ||||||
512 | ||||||
Interest paid | ||||||
5,340 | ||||||
Payments of financial debt | ||||||
46,864 | ||||||
Proceeds from financial debt | ||||||
123,535 | ||||||
Net cash flows provided by financing activities | ||||||
70,851 | ||||||
Increase in cash and cash equivalents | ||||||
6,270 | ||||||
Net foreign exchange differences on cash balance | ||||||
-12,369 | ||||||