XML 19 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - MXN ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Profit of the year $ 5,138,631 $ 4,731,081 $ 3,353,559
Adjustments for:      
Employee benefits 7,465 16,688 14,718
Allowance expected credit loss (15,131) 866 1,100
Depreciation and amortization 1,569,637 1,443,562 1,348,387
Share of loss of associate 947 10,620 11,728
Loss on sale of machinery, equipment and improvements to leased assets 5,554    
Net gain on derivative financial instruments (29,643) (34,361) (68,261)
Interest expense for financing activity 896,165 600,813 357,087
Unrealized exchange gain (loss) 10,827 (172,849) 549,768
Long term provisions (2,650) 6,480 6,480
Income tax expense 1,869,041 1,440,641 1,266,573
Adjustment from operating activities 9,450,843 8,043,541 6,841,139
Trade accounts receivable (383,361) (394,746) (434,534)
Recoverable income tax and other current assets 93,827 9,275 116,181
Concession taxes payable 43,672 55,422 107,473
Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V. 45,754 54,110 48,875
Accounts payable 114,384 24,580 205,797
Taxes payable 90,811 49,169 (1,816)
Deposits received in guarantee 43,121 147,714 203,987
Cash generated by operating activities 9,499,051 7,989,065 7,087,102
Income taxes paid (2,263,432) (1,820,363) (1,445,899)
Net cash provided by operating activities 7,235,619 6,168,702 5,641,203
Cash flows from investing activities:      
Purchases of machinery, equipment, improvements on leased buildings, improvements to concession assets and advance payments to suppliers (2,501,656) (1,923,893) (1,856,997)
Proceeds from sales of machinery and equipment 6,604   329
Equity reimbursement from associate 10,034   58,868
Net cash outflows on acquisition of subsidiary (50,354)    
Other investment activities (15,039) (14,682) (18,757)
Net cash used in investing activities (2,550,411) (1,938,575) (1,816,557)
Cash flows from financing activities:      
Dividends declared and paid (4,004,886) (3,006,292) (2,139,092)
Dividends paid to non-controlling interest (274,685)    
Capital distribution (1,250,870) (1,750,167) (1,750,167)
Proceeds from issuance of debt securities   3,800,000 2,600,000
Proceeds from bank loans 534,807   3,528,849
Repayments on bank loans (252,095) (151,724) (3,661,049)
Derivative financial instruments     (4,193)
Interest paid on leasing (3,733)    
Payment of obligations for leases (11,504)    
Interest paid on financial loans (903,728) (579,133) (345,533)
Net cash provided by (used in) financing activities (6,166,694) (1,687,316) (1,771,185)
Effects of exchange rate changes on cash held: (97,200) (806) 138,178
Increase in cash and cash equivalents (1,578,686) 2,542,005 2,191,639
Cash and cash equivalents at beginning of year 7,730,143 5,188,138 2,996,499
Cash and cash equivalents at the end of year 6,151,457 7,730,143 5,188,138
Non-cash investing activities:      
Purchases of machinery, equipment, improvements on leased buildings and improvements to concession assets $ 318,519 $ 409,271 $ 441,515