XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Profit of the year $ 4,731,081 $ 3,353,559 $ 2,770,777
Adjustments for:      
Employee benefits 16,688 14,718 13,352
Bad debt expense 866 1,100 5,380
Depreciation and amortization 1,443,562 1,348,387 1,156,435
Share of loss of associate 10,620 11,728 13,704
Bargain purchase gain     (189,744)
Net gain on derivative financial instruments (34,361) (68,261)  
Interest expense for financing activity 600,813 357,087 198,567
Unrealized exchange gain (loss) (172,849) 549,768 354,458
Long term provisions 6,480 6,480  
Income tax expense 1,440,641 1,266,573 847,309
Adjustment from operating activities 8,043,541 6,841,139 5,170,238
Trade accounts receivable (394,746) (434,534) 173,005
Recoverable income tax and other current assets 9,275 116,181 (27,188)
Concession taxes payable 55,422 107,473 79,098
Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V. 54,110 48,875 24,680
Accounts payable 24,580 205,797 301,508
Taxes payable 49,169 (1,816) (14,229)
Deposits received in guarantee 147,714 203,987 128,298
Cash generated by operating activities 7,989,065 7,087,102 5,835,410
Income taxes paid (1,820,363) (1,445,899) (930,657)
Net cash provided by operating activities 6,168,702 5,641,203 4,904,753
Cash flows from investing activities:      
Purchases of machinery, equipment, improvements on leased buildings, improvements to concession assets and advance payments to suppliers (1,923,893) (1,856,997) (1,128,382)
Proceeds from sales of machinery and equipment   329 2,023
Net cash outflows on acquisition of subsidiary     (2,543,568)
Equity reimbursement from associate   58,868  
Other assets (14,682) (18,757)  
Net cash used in investing activities (1,938,575) (1,816,557) (3,669,927)
Cash flows from financing activities:      
Dividends declared and paid (3,006,292) (2,139,092) (1,744,911)
Dividends paid to non-controlling interest     (82,391)
Capital distribution (1,750,167) (1,750,167) (1,408,542)
Proceeds from issuance of debt securities 3,800,000 2,600,000 2,600,000
Proceeds from bank loans   3,528,849 9,056,701
Repayments on bank loans (151,724) (3,661,049) (8,076,912)
Derivative financial instruments   (4,193)  
Interest paid on financial loans (579,133) (345,533) (177,774)
Net cash provided by (used in) financing activities (1,687,316) (1,771,185) 166,171
Effects of exchange rate changes on cash held: (806) 138,178  
Increase in cash and cash equivalents 2,542,005 2,191,639 1,400,997
Cash and cash equivalents at beginning of year 5,188,138 2,996,499 1,595,502
Cash and cash equivalents at the end of year 7,730,143 5,188,138 2,996,499
Non-cash investing activities:      
Purchases of machinery, equipment, improvements on leased buildings and improvements to concession assets $ 409,271 $ 441,515 $ 221,151