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STATEMENT OF CASH FLOWS
 12 Months Ended
Dec. 31, 2021
STATEMENT OF CASH FLOWS [Abstract]  
STATEMENT OF CASH FLOWS

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 the year ended 
   December 31, 
   2021   2020   2019 
   ThUS$   ThUS$   ThUS$ 
             
Fuel hedge   14,269    (46,579)   (9,966)
Hedging margin guarantees   (4,900)   14,962    (21,200)
Tax paid on bank transaction   (2,530)   (1,261)   (11,369)
Fuel derivatives premiums   (17,077)   (3,949)   (17,102)
Bank commissions, taxes paid and other   (21,287)   (5,828)   (20,627)
Guarantees   (39,728)   (44,280)   (5,474)
Court deposits   (16,323)   38,528    (22,976)
Delta Air Lines Inc. Compensation   
-
    62,000    350,000 
Total Other inflows (outflows) Operation flow   (87,576)   13,593    241,286 
Tax paid on bank transaction   (425)   (2,192)   (2,249)
Guarantee deposit received from the sale of aircraft   18,900    
-
    
-
 
Total Other inflows (outflows) Investment flow   18,475    (2,192)   (2,249)
                
Settlement of derivative contracts   
-
    (107,788)   (2,976)
Aircraft Financing advances   
-
    
-
    (55,728)
Fees paid to financial institutions   (11,034)   
-
    
-
 
Total Other inflows (outflows) Financing flow   (11,034)   (107,788)   (58,704)

 

(c)Dividends:

 

   For the period ended 
   December 31, 
   2021   2020   2019 
   ThUS$   ThUS$   ThUS$ 
             
Latam Airlines Group S.A.   
-
    
-
    (54,580)
Latam Airlines Perú S.A. (*)   
-
    (571)   (536)
Total dividends paid   
-
    (571)   (55,116)

 

(*)Dividends paid to non-controlling shareholders

 

(d)Reconciliation of liabilities arising from financing activities:

 

   As of   Cash flows   Non cash-Flow Movements   As of 
Obligations with  December 31,   Obtainment   Payment   Interest accrued       December 31, 
financial institutions  2020   Capital   Capital   Interest   and others (*)   Reclassifications   2021 
   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$ 
                             
Loans to exporters   151,701    
-
    
-
    
-
    7,460    
-
    159,161 
Bank loans   525,273    
-
    
-
    (546)   (2,889)   
-
    521,838 
Guaranteed obligations   1,318,856    
-
    (14,605)   (17,405)   (513,276)   (263,035)   510,535 
Other guaranteed obligations   1,939,116    661,609    (26,991)   (28,510)   135,405    44,793    2,725,422 
Obligation with the public   2,183,407    
-
    
-
    
-
    69,791    
-
    2,253,198 
Financial leases   1,614,501    
-
    (421,452)   (40,392)   (181,717)   218,242    1,189,182 
Other loans   
-
    
-
    
-
    
-
    76,508    
-
    76,508 
Lease liability   3,121,006    
-
    (103,366)   (17,768)   (39,234)   
-
    2,960,638 
Total Obligations with financial institutions   10,853,860    661,609    (566,414)   (104,621)   (447,952)   
-
    10,396,482 

 

   As of   Cash flows   Non cash-Flow Movements   As of 
Obligations with  December 31,   Obtainment   Payment   Interest accrued       December 31, 
financial institutions  2019   Capital   Capital   Interest   and others   Reclassifications   2020 
   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$   ThUS$ 
                             
Loans to exporters   341,475    165,000    (359,000)   (4,140)   8,366    
-
    151,701 
Bank loans   217,255    265,627    (4,870)   (2,397)   49,658    
-
    525,273 
Guaranteed obligations   2,157,327    192,972    (48,576)   (21,163)   (823,984)   (137,720)   1,318,856 
Other guaranteed obligations   580,432    1,361,881    (42,721)   (27,744)   67,268    
-
    1,939,116 
Obligation with the public   2,064,934    
-
    (774)   (55,613)   174,860    
-
    2,183,407 
Financial leases   1,730,843    
-
    (236,744)   (52,155)   34,837    137,720    1,614,501 
Other loans   101,261    
-
    (101,026)   (1,151)   916    
-
    
-
 
Lease liability   3,172,157    
-
    (122,063)   (46,055)   116,967    
-
    3,121,006 
Total Obligations with financial institutions   10,365,684    1,985,480    (915,774)   (210,418)   (371,112)   -    10,853,860 

 

(*)Accrued interest and others, includes ThUS$ 458,642 (ThUS$ (891,407) as of December 31, 2020), associated with the rejection of fleet contracts.

 

(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 year ended 
   December 31, 
   2021   2020 
   ThUS$   ThUS$ 
         
Increases (payments)   
    -
    (31,803)
Recoveries   
-
    8,157 
Total cash flows   
-
    (23,646)

 

(f)Additions of property, plant and equipment and Intangibles

 

   For the year ended 
   At December 31, 
   2021   2020   2019 
   ThUS$   ThUS$   ThUS$ 
             
Net cash flows from            
Purchases of property, plant and equipment   587,245    324,264    1,276,621 
Additions associated with maintenance   302,858    173,740    453,827 
Other additions   284,387    150,524    822,794 
                
Purchases of intangible assets   88,518    75,433    140,173 
Other additions   88,518    75,433    140,173 

 

(g)The net effect of the application of hyperinflation in the consolidated cash flow statement for the periods ended December 31 corresponds to:

   For the year ended 
   December 31, 
   2021   2020 
   ThUS$   ThUS$ 
         
Net cash flows from (used in) operating activities   (65,901)   18,347 
Net cash flows from (used in) investment activities   17,223    (13,872)
Net cash flows from (used in) financing activities   
-
    
-
 
Effects of variation in the exchange rate on cash and cash equivalents   48,678    (4,475)
Net increase (decrease) in cash and cash equivalents   
-
    
-