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STATEMENT OF CASH FLOWS
 12 Months Ended
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   -    -