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Consolidated statements of cash flow - ARS ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income (loss) $ 38,606 $ 12,672 $ (28,379)
Adjustments to reconcile net income (loss) to cash flows provided by operating activities:      
Income from equity interest in associates and joint ventures (4,839) (1,428) (588)
Depreciation of property, plant and equipment 87,569 53,512 44,752
Amortization of intangible assets 1,749 838 717
Consumption of materials and retirement of property, plant and equipment and intangible assets 12,101 4,592 5,791
Charge on income tax 51,538 (3,969) (1,425)
(Recovery) / Impairment of property, plant and equipment and intangible assets (2,900) (5,032) 34,943
Net increase in provisions (3,422) 4,924 6,040
Exchange differences, interest and other [1] (28,611) 7,611 3,298
Share-based benefit plans 308 162 153
Accrued insurance (417) (206)  
Result of companies' revaluation (11,980)    
Income on deconsolidation of subsidiaries     (1,528)
Changes in assets and liabilities:      
Trade receivables (25,912) (8,073) (16,079)
Other receivables (9,873) 895 5,406
Inventories 951 (1,556) 1,396
Accounts payable 18,769 3,747 (1,103)
Taxes payables 2,615 2,550 (1,776)
Salaries and social security 1,904 1,065 784
Other liabilities (1,178) (717) 190
Decrease in provisions due to payment/use (2,652) (1,388) (1,753)
Contract assets (278) (130) 73
Contract liabilities 2,179 2,661 (30)
Dividends received 583 328 420
Proceeds from collection of lost profit insurance 496   607
Income tax payments (2,248) (1,084) (2,726)
Net cash flows from operating activities 125,058 71,974 49,183
Investing activities:      
Acquisition of property, plant and equipment and intangible assets (88,293) (59,618) (64,160)
Contributions and acquisitions of interests in associates and joint ventures (280) (891) (448)
Proceeds from sales of financial assets 7,879 4,287 1,072
Interests received from financial assets 750 980 483
Payments from business combinations (2,307)    
Payments from acquisition of financial assets     (3,476)
Proceeds from collection of damaged property's insurance     355
Net cash flows used in investing activities (82,251) (55,242) (66,174)
Financing activities:      
Payment of loans (55,734) (36,346) (73,286)
Payments of interest (26,275) (17,912) (16,330)
Proceeds from loans 39,673 54,719 101,322
Repurchase of treasury shares (120) (100) (50)
Dividends paid (1,200) (716) (889)
Contributions of non-controlling interests     50
Net cash flows provided by financing activities (43,656) (355) 10,817
Translation differences provided by cash and cash equivalents 18,139 1,665 1,692
Reclassification of assets held for disposal   (61)  
Deconsolidation of subsidiaries     (148)
Net increase (decrease) in cash and cash equivalents 17,290 17,981 (4,630)
Cash and cash equivalents at the beginning of year 28,738 10,757 15,387
Cash and cash equivalents at the end of year 46,028 28,738 10,757
Net increase (decrease) in cash and cash equivalents $ 17,290 $ 17,981 $ (4,630)
[1] Does not include exchange differences generated by cash and cash equivalents, which is exposed separately in the statement.