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Consolidated statements of cash flows
$ in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2021
ARS ($)
Dec. 31, 2020
ARS ($)
Dec. 31, 2019
ARS ($)
Cash flows from operating activities      
Net loss $ (808) $ (71,017) $ (33,379)
Adjustments to reconcile net loss to cash flows provided by operating activities      
Income from equity interests in associates and joint ventures (26,977) (13,270) (7,968)
Depreciation of property, plant and equipment 267,686 171,452 145,894
Depreciation of right-of-use assets 19,200 17,873 10,509
Amortization of intangible assets 4,833 3,428 2,374
Retirement of property, plant and equipment and intangible assets and consumption of materials 32,269 24,314 19,124
Charge on income tax 64,409 14,589 26,369
Net increase in provisions 49,777 28,179 13,090
Impairment / (Recovery) of property, plant and equipment and intangible assets, net 11,258 (6,851) 41,429
Exchange differences, interest and other 33,536 3,143 (5,939)
Share-based benefit plans 342 541 493
Other insurance income (1,503) (3,643) (498)
Result from debt exchange (1,855) 2,097 0
Result from financial instruments exchange 0 (1,330) 0
Result from the assignment of areas (2,034) (12,233) (778)
Result from sale of assets held for disposal (5,549) 0 0
Changes in assets and liabilities:      
Trade receivables 10,151 35,073 (11,833)
Other receivables (21,921) 5,482 (13,076)
Inventories (27,560) 13,332 6,726
Accounts payable 148 (21,039) 29,435
Taxes payables (3,639) 862 (1,145)
Salaries and social security 1,938 8,611 4,534
Other liabilities (8,168) 8,988 803
Decrease in provisions included in liabilities due to payment/use (8,166) (2,803) (4,862)
Contract assets (664) (754) 445
Contract liabilities 6,864 526 776
Dividends received 5,073 2,616 811
Proceeds from collection of lost profit insurance 1,889 3,756 758
Income tax payments (515) (2,706) (6,955)
Net cash flows from operating activities [1],[2] 400,014 209,216 217,137
Investing activities:      
Acquisition of property, plant and equipment and intangible assets (234,801) (114,616) (161,455)
Contributions and acquisitions of interests in associates and joint ventures 0 0 (4,826)
Proceeds from sales of financial assets 38,624 38,332 957
Payments from purchase of financial assets (56,009) (46,762) 0
Interests received from financial assets 3,694 18 1,063
Proceeds from sales of interest in areas and sale of assets 4,500 13,867 382
Net cash flows used in investing activities (243,992) (109,161) (163,879)
Financing activities:      
Payments of loans (161,016) (174,913) (93,456)
Payments of interests (58,454) (60,681) (41,606)
Proceeds from loans 97,420 139,018 97,351
Repurchase of treasury shares 0 (550) (280)
Payments of leases (28,526) (23,290) (15,208)
Payments of interests in relation to income tax (83) (696) (583)
Dividends paid 0 0 (2,300)
Net cash flows used in financing activities (150,659) (121,112) (56,082)
Translation differences on cash and cash equivalents 2,697 9,575 22,896
Net Increase (Decrease) in cash and cash equivalents 8,060 (11,482) 20,072
Cash and cash equivalents at the beginning of the fiscal year 54,618 66,100 46,028
Cash and cash equivalents at the end of the fiscal year 62,678 54,618 66,100
Net Increase (Decrease) in cash and cash equivalents $ 8,060 $ (11,482) $ 20,072
[1] Does not include exchange differences generated by cash and cash equivalents, which is exposed separately in the statement.
[2] Includes 10,853, 11,101 and 11,184 for the fiscal year ended December 31, 2021, 2020 and 2019, respectively, for payment of short-term leases and payments of the variable charge of leases related to the underlying asset performance/use.