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STATEMENT OF CASH FLOWS | 12 Months Ended
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Dec. 31, 2019
Disclosure of cash flow statement [text block] [Abstract] |
Disclosure of cash flow statement [text block] | NOTE 35 - STATEMENT OF CASH FLOWS
| (a) | The Company has carried out non-monetary transactions mainly related to financial lease and lease liabilities, which are described in Note 19 Other financial liabilities.
| (b) | Other inflows (outflows) of cash:
|  | For theyear ended |
|  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Delta Air Lines Inc. compensation (1) |  |  | 350,000 |  |  |  | - |  |  |  | - |
Fuel hedge |  |  | (9,966 | ) |  |  | 77,234 |  |  |  | 19,862 |
Hedging margin guarantees |  |  | (21,200 | ) |  |  | 1,573 |  |  |  | (4,201 | )
Currency hedge |  |  | - |  |  |  | (1,282 | ) |  |  | (17,798 | )
Change reservation systems |  |  | - |  |  |  | - |  |  |  | (16,120 | )
Tax paid on bank transaction |  |  | (11,369 | ) |  |  | 318 |  |  |  | (6,635 | )
Fuel derivatives premiums |  |  | (17,102 | ) |  |  | (13,947 | ) |  |  | (2,832 | )
Bank commissions, taxes paid and other |  |  | (20,627 | ) |  |  | (8,179 | ) |  |  | (7,738 | )
Guarantees |  |  | (5,474 | ) |  |  | 14,755 |  |  |  | 59,988 |
Court deposits |  |  | (22,976 | ) |  |  | (30,860 | ) |  |  | (33,457 | )
Total Other inflows (outflows) Operation flow |  |  | 241,286 |  |  |  | 39,612 |  |  |  | (8,931 | )
Others deposits in guarantees |  |  | - |  |  |  | - |  |  |  | 3,754 |
Tax paid on bank transaction |  |  | (2,249 | ) |  |  | (2,476 | ) |  |  | (2,594 | )
Others |  |  | - |  |  |  | - |  |  |  | (10,383 | )
Total Other inflows (outflows) Investment flow |  |  | (2,249 | ) |  |  | (2,476 | ) |  |  | (9,223 | )
Loan guarantee |  |  | - |  |  |  | - |  |  |  | 80,615 |
Settlement of derivative contracts |  |  | (2,976 | ) |  |  | (11,675 | ) |  |  | (40,695 | )
Aircraft Financing advances |  |  | (55,728 | ) |  |  | 55,728 |  |  |  | (26,214 | )
Others |  |  | - |  |  |  | - |  |  |  | - |
Total Other inflows (outflows) Financing flow |  |  | (58,704 | ) |  |  | 44,053 |  |  |  | 13,706 |
| (1) | See Note 22
| (c) | Dividends:
|  | For the period ended |
|  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Latam Airlines Group S.A. |  |  | (54,580 | ) |  |  | (46,591 | ) |  |  | (20,766 | )
Multiplus S.A. (*) |  |  | - |  |  |  | (26,029 | ) |  |  | (45,876 | )
Latam Airlines Perú S.A. (*) |  |  | (536 | ) |  |  | - |  |  |  | - |
Total dividends paid |  |  | (55,116 | ) |  |  | (72,620 | ) |  |  | (66,642 | )
| (*) | Dividends paid to minority shareholders
| (d) | Reconciliation of liabilities arising from financing activities:
|  | As of |  |  | Cash flows |  |  | Non-Flow Movements |  |  | As of |
|  | December 31, |  |  | Obtainment |  |  | Payment |  |  | Interest accrued |  |  |  |  |  | December 31, |
Obligations with financial institutions |  | 2018 |  |  | Capital |  |  | Capital |  |  | Interest |  |  | and others |  |  | Reclassifications |  |  | 2019 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
|  | Restated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans to exporters |  |  | 400,721 |  |  |  | 93,000 |  |  |  | (145,505 | ) |  |  | (12,934 | ) |  |  | 6,193 |  |  |  | - |  |  |  | 341,475 |
Bank loans |  |  | 222,741 |  |  |  | 164,095 |  |  |  | (165,549 | ) |  |  | (11,352 | ) |  |  | 7,320 |  |  |  | - |  |  |  | 217,255 |
Guaranteed obligations |  |  | 2,534,021 |  |  |  | 607,797 |  |  |  | (282,721 | ) |  |  | (93,335 | ) |  |  | 93,286 |  |  |  | (701,721 | ) |  |  | 2,157,327 |
Other guaranteed obligations |  |  | 673,452 |  |  |  | - |  |  |  | (92,549 | ) |  |  | (28,417 | ) |  |  | 27,946 |  |  |  | - |  |  |  | 580,432 |
Obligation with the public |  |  | 1,553,079 |  |  |  | 1,009,836 |  |  |  | (487,086 | ) |  |  | (144,932 | ) |  |  | 134,037 |  |  |  | - |  |  |  | 2,064,934 |
Financial leases |  |  | 1,624,854 |  |  |  | - |  |  |  | (591,861 | ) |  |  | (72,311 | ) |  |  | 68,440 |  |  |  | 701,721 |  |  |  | 1,730,843 |
Other loans |  |  | 252,858 |  |  |  | 27,864 |  |  |  | (178,777 | ) |  |  | (9,648 | ) |  |  | 8,964 |  |  |  | - |  |  |  | 101,261 |
Lease liability |  |  | 2,858,049 |  |  |  | - |  |  |  | (398,992 | ) |  |  | (177,949 | ) |  |  | 891,049 |  |  |  | - |  |  |  | 3,172,157 |
Total Obligations with financial institutions |  |  | 10,119,775 |  |  |  | 1,902,592 |  |  |  | (2,343,040 | ) |  |  | (550,878 | ) |  |  | 1,237,235 |  |  |  | - |  |  |  | 10,365,684 |
|  | As of |  |  | Cash flows |  |  | Non-Flow Movements |  |  | As of |
|  | December 31, |  |  | Obtainment |  |  | Payment |  |  | Interest accrued |  |  |  |  |  | December 31, |
Obligations with financial institutions |  | 2017 |  |  | Capital |  |  | Capital |  |  | Interest |  |  | and others |  |  | Reclassifications |  |  | 2018 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
|  | Restated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Restated |
Loans to exporters |  |  | 314,619 |  |  |  | 293,001 |  |  |  | (202,000 | ) |  |  | (10,467 | ) |  |  | 5,568 |  |  |  | - |  |  |  | 400,721 |
Bank loans |  |  | 321,633 |  |  |  | 74,663 |  |  |  | (167,548 | ) |  |  | (13,961 | ) |  |  | 7,954 |  |  |  | - |  |  |  | 222,741 |
Guaranteed obligations |  |  | 4,036,843 |  |  |  | - |  |  |  | (315,698 | ) |  |  | (122,639 | ) |  |  | 99,320 |  |  |  | (1,163,805 | ) |  |  | 2,534,021 |
Other guaranteed obligations |  |  | 242,175 |  |  |  | 704,398 |  |  |  | (274,339 | ) |  |  | (16,873 | ) |  |  | 18,091 |  |  |  | - |  |  |  | 673,452 |
Obligation with the public |  |  | 1,584,066 |  |  |  | - |  |  |  | 1,561 |  |  |  | (107,629 | ) |  |  | 75,081 |  |  |  | - |  |  |  | 1,553,079 |
Financial leases |  |  | 1,109,504 |  |  |  | - |  |  |  | (691,390 | ) |  |  | (69,808 | ) |  |  | 112,743 |  |  |  | 1,163,805 |  |  |  | 1,624,854 |
Other loans |  |  | 282,800 |  |  |  | 55,728 |  |  |  | (88,934 | ) |  |  | (15,978 | ) |  |  | 19,242 |  |  |  | - |  |  |  | 252,858 |
Lease liability |  |  | 3,146,972 |  |  |  | - |  |  |  | (373,440 | ) |  |  | (182,948 | ) |  |  | 267,465 |  |  |  | - |  |  |  | 2,858,049 |
Total Obligations with financial institutions |  |  | 11,038,612 |  |  |  | 1,127,790 |  |  |  | (2,111,788 | ) |  |  | (540,303 | ) |  |  | 605,464 |  |  |  | - |  |  |  | 10,119,775 |
| (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 period ended |
|  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Increases (payments) |  |  | (86,288 | ) |  |  | (212,163 | ) |  |  | (205,143 | )
Recoveries |  |  | 349,702 |  |  |  | 157,508 |  |  |  | 103,065 |
Total cash flows |  |  | 263,414 |  |  |  | (54,655 | ) |  |  | (102,078 | )
| f) | The net effect by the hyperinflation application in the consolidated statement of cash flow for the exercise ended December 31, 2018 corresponds to:
|  | For the period ended |
|  | December 31, |
|  | 2019 |  |  | 2018 |
|  | ThUS$ |  |  | ThUS$ |
Net cash flows from (used in) operating activities |  |  | 118,797 |  |  |  | 6,088 |
Net cash flows from (used in) investment activities |  |  | 64,516 |  |  |  | (17,611 | )
Net cash flows from (used in) financing activities |  |  | (56,866 | ) |  |  | 3,914 |
Effects of variation in the exchange rate on cash and cash equivalents |  |  | (126,447 | ) |  |  | 7,609 |
Net increase (decrease) in cash and cash equivalents |  |  | - |  |  |  | - |

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