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CONSOLIDATED STATEMENTS OF CASH FLOWS - DIRECT METHOD - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash collection from operating activities      
Proceeds from sales of goods and services $ 13,397,385 $ 10,549,542 $ 5,359,778
Other cash receipts from operating activities 169,692 117,118 52,084
Payments for operating activities      
Payments to suppliers for the supply goods and services (9,689,508) (9,113,130) (4,391,627)
Payments to and on behalf of employees (1,304,696) (1,039,336) (941,068)
Other payments for operating activities (270,580) (272,823) (156,395)
Income taxes (paid) (18,379) (14,314) (9,437)
Other cash inflows (outflows) (20,346) (130,260) (87,576)
Net cash (outflow) inflow from operating activities 2,263,568 96,797 (174,241)
Cash flows from investing activities      
Cash flows from losses of control of subsidiaries or other businesses 0 0 752
Other cash receipts from sales of equity or debt instruments of other entities 0 417 35
Other payments to acquire equity or debt instruments of other entities 0 (331) (208)
Amounts raised from sale of property, plant and equipment 46,524 56,377 105,000
Purchases of property, plant and equipment (795,787) (780,538) (597,103)
Purchases of intangible assets (68,052) (50,116) (88,518)
Interest received 98,552 18,934 9,056
Other cash inflows (outflows) 59,258 6,300 18,475
Net cash (outflow) inflow from investing activities (659,505) (748,957) (552,511)
Cash flows from (used in) financing activities      
Proceeds from the issuance of shares 0 549,038 0
Payments for changes in ownership interests in subsidiaries that do not result in loss of control (23) 0 0
Amounts from the issuance of other equity instruments 0 3,202,790 0
Amounts raised from long-term loans 0 2,361,875 0
Amounts raised from short-term loans 0 4,856,025 661,609
Loans from related entities 0 770,522 130,102
Loans repayments (342,005) (8,759,413) (463,048)
Payments of lease liabilities (225,358) (131,917) (103,366)
Payments of loans to related entities 0 (1,008,483) 0
Interest paid (594,234) (521,716) (104,621)
Other cash (outflows) inflows 11,405 (463,766) (11,034)
Net cash inflow (outflow) from financing activities (1,150,215) 854,955 109,642
Net (decrease) increase in cash and cash equivalents before effect of exchanges rate change 453,848 202,795 (617,110)
Effects of variation in the exchange rate on cash and cash equivalents 44,238 (32,955) (31,896)
Net (decrease) increase in cash and cash equivalents 498,086 169,840 (649,006)
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 1,216,675 1,046,835 1,695,841
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR $ 1,714,761 $ 1,216,675 $ 1,046,835