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STATEMENT OF CASH FLOWS

12 Months Ended

Dec. 31, 2017

NOTE 35 - STATEMENT OF CASH FLOWS

(a) The Company has done significant non-cash transactions mainly with financial leases, which are detailed in Note 17 letter (d), additional information in numeral (iv) Financial leases.

(b) Other inflows (outflows) of cash:

	For the periods ended
	December 31,
	2017			2016			2015
	ThUS$			ThUS$			ThUS$

Guarantees		59,988			(51,559	)		(2,125	)
Fuel hedge		19,862			(50,029	)		(243,587	)
DOJ fine		-			(12,750	)		-
SEC agreement		-			(4,719	)		-
Fuel derivatives premiums		(2,832	)		(6,840	)		(20,932	)
Hedging margin guarantees		(4,201	)		1,184			87,842
Tax paid on bank transaction		(6,635	)		(10,668	)		(7,176	)
Bank commissions, taxes paid and other		(7,738	)		(769	)		(5,137	)
Change reservation systems		(16,120	)		-			11,000
Currency hedge		(17,798	)		(39,534	)		1,802
Court deposits		(33,457	)		(33,635	)		(6,314	)
Others		-			50			-
Total Other inflows (outflows) Operation flow		(8,931	)		(209,269	)		(184,627	)

Others deposits in guarantees		3,754			-			-
Recovery loans convertible into shares		-			8,896			20,000
Certificate of bank deposits		-			-			3,497
Tax paid on bank transaction		(2,594	)		(3,716	)		(12,921	)
Others		(10,383	)		(4,337	)		-
Total Other inflows (outflows) Investment flow		(9,223	)		843			10,576

Loan guarantee		80,615			(74,186	)		-
Credit card loan manager		-			-			3,227
Early redemption of bonds TAM 2020		-			-			(15,328	)
Guarantees bonds emission		-			-			(26,111	)
Aircraft Financing advances		(26,214	)		(125,149	)		(28,144	)
Settlement of derivative contracts		(40,695	)		(29,828	)		(35,891	)
Others		-			-			2,490
Total Other inflows (outflows) Financing flow		13,706			(229,163	)		(99,757	)

(c)	Dividends:

	For the periods ended
	December 31,
	2017			2016			2015
	ThUS$			ThUS$			ThUS$

Latam Airlines Group S.A.		(20,766	)		-			-
Multiplus S.A. (*)		(45,876	)		(40,823	)		(34,632	)
Lan Perú S.A. (*)		-			(400	)		(400	)
Total dividends paid		(66,642	)		(41,223	)		(35,032	)

(*) Dividends paid to minority shareholders

d)	Reconciliation of liabilities arising from financing activities:

	As of		Cash flows								Non-Flow Movements					As of
Obligations with	December 31,		Obtainment		Payment						Interest accrued					December 31,
financial institutions	2016		Capital		Capital			Interest			and others		Reclassifications			2017
	ThUS$		ThUS$		ThUS$			ThUS$			ThUS$		ThUS$			ThUS$

Loans to exporters		278,164		130,000		(99,719	)		(7,563	)		13,737		-			314,619
Bank loans		585,287		70,357		(345,552	)		(21,127	)		32,668		-			321,633
Guaranteed obligations		4,758,552		182,140		(486,599	)		(154,072	)		155,907		(419,085	)		4,036,843
Other guaranteed obligations		256,420		-		(15,022	)		(8,890	)		9,667		-			242,175
Obligation with the public		1,309,345		1,055,167		(797,828	)		(128,764	)		146,146		-			1,584,066
Financial leases		1,022,361		-		(344,005	)		(46,874	)		58,937		419,085			1,109,504
Other loans		394,791		13,107		(124,688	)		(22,434	)		22,024		-			282,800
Total Obligations with financial institutions		8,604,920		1,450,771		(2,213,413	)		(389,724	)		439,086		-			7,891,640

(e) Advances of aircraft

Below are the cash flows associated with aircraft purchases, which are included in the statement of consolidated cash flow, in the item Purchases of properties, plants and equipment:

	For the periods ended
	December 31,
	2017			2016
	MUS$			MUS$

Increases (payments)		(205,143	)		(170,684	)
Recoveries		78,641			727,585
Total cash flows		(126,502	)		556,901