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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Classes of revenue from operating activities      
Cash receipts from sales of goods and rendering of services $ 2,044,746 $ 2,284,514 $ 2,082,366
Cash receipts from premiums and benefits, annuities and other benefits from policies entered 2,925 2,140 2,967
Proceeds from leases 361 0 0
Classes of Payments      
Cash payments to suppliers for the provision of goods and services (1,284,204) (1,226,091) (842,079)
Cash payments to and on behalf of employees (195,782) (205,590) (227,103)
Payments relating to variable leases (1,037) 0 0
Other payments related to operating activities (25,218) (21,240) (65,444)
Net cash generated from operating activities 541,791 833,733 950,707
Dividends received 14,449 8,815 2,091
Interest paid (70,963) (59,565) (51,335)
Interest paid on leases liabilities (1,537) 0 0
Interest received 25,809 22,533 13,499
Income taxes paid (173,319) (240,115) (148,568)
Other income (outflows) of cash [1] 90,741 (40,562) (8,122)
Net cash generated from operating activities 426,971 524,839 758,272
Cash flows generated from (used in) investing activities      
Cash flows arising from the loss of control of subsidiaries and other businesses 994 68,988 0
Payments made to acquire interest in joint ventures (2,600) (19,989) (38,088)
Proceeds from the sale of property, plant and equipment 487 61 229
Acquisition of property, plant and equipment (321,324) (244,693) (142,144)
Proceeds from sales of intangible assets 28,126 14,056 8,640
Proceeds (payments) related to futures, forward options and swap contracts 1,403 (204) 78
Purchases of intangible assets (2,492) (74,374) 0
Other (outflows) income of cash [2] (190,065) 69,151 (76,782)
Net cash generated from (used in) investing activities (485,471) (187,004) (248,067)
Cash flows generated from (used in) financing activities      
Repayment of lease liabilities (7,221) 0 0
Proceeds from long-term borrowings 450,000 256,039 0
Proceeds from short-term borrowings 0 120,000 143,000
Repayment of borrowings (7,096) (213,000) (180,987)
Dividends paid (329,787) (550,352) (373,933)
Net cash generated from (used in) financing activities 105,896 (387,313) (411,920)
Net increase (decrease) in cash and cash equivalents before the effect of exchange rate changes 47,396 (49,478) 98,285
Effects of exchange rate changes on cash and cash equivalents (14,932) (24,894) 17,484
Net increase (decrease) in cash and cash equivalents 32,464 (74,372) 115,769
Cash and cash equivalents at beginning of year 556,066 630,438 514,669
Cash and cash equivalents at end of year $ 588,530 $ 556,066 $ 630,438
[1] Other inflows (outflows) of cash from operating activities include increases (decreases) net of value added tax. Banking expenses, expenses associated with obtaining loans and taxes associated with interest payments.
[2] Other inflows (outflows) of cash include investments and redemptions of time deposits and other financial instruments that do not qualify as cash and cash equivalent in accordance with IAS 7, paragraph 7, since they mature in more than 90 days from the original investment date.