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Consolidated statement of cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net profit (loss) $ 369,658 $ 325,928 $ (240,634)
Adjustments for:      
Income tax expense 49,310 38,271 32,759
Finance cost 35,223 37,024 33,155
Finance income (17,939) (13,000) (25,947)
Depreciation, amortization and impairment 167,324 167,810 150,548
Loss (gain) on sale of property and equipment (2) 604 1,896
Disposal of assets 3,318 4,139 3,344
Impairment of accounts receivable 879 1,511 (71)
Allowance for obsolescence of expendable parts and supplies 182 87 63
Derivative instruments mark to market (2,801) (111,642) 11,572
Share-based compensation expense 7,422 7,539 4,034
Net foreign exchange differences 26,654 35,525 435,983
Change in:      
Accounts receivable (3,534) (9,967) 17,471
Accounts receivable from related parties 181 143 (317)
Other current assets 25,770 (14,745) 4,398
Restricted cash   64,228 (11,803)
Other assets (1,012) 10,202 14,628
Accounts payable 20,943 16,387 (31,913)
Accounts payable from related parties 4,199 3,076 (1,801)
Air traffic liability 74,456 44,127 (55,902)
Frequent flyer deferred revenue 10,933 16,484 18,884
Other liability 28,322 30,117 2,598
Cash from operating activities 799,486 653,848 362,945
Income tax paid (51,077) (33,364) (39,168)
Interest paid (35,312) (37,420) (31,668)
Interest received 14,235 11,526 24,754
Net cash from operating activities 727,332 594,590 316,863
Investing activities      
Acquisition of investments (854,119) (553,037) (383,005)
Proceeds from redemption of investments 567,007 485,944 435,110
Advance payments on aircraft purchase contracts and other (191,315) (47,479) (83,064)
Reimbursement of advance payments on aircraft purchase contracts 28,888 29,150 161,169
Acquisition of property and equipment (109,945) (88,345) (81,788)
Proceeds from sale of property and equipment 6 8,332 3,380
Acquisition of intangible assets (18,681) (14,474) (19,418)
Net cash (used in) from investing activities (578,159) (179,909) 32,384
Financing activities      
Proceeds from new borrowings 147,798 164,400 130,000
Payments on loans, borrowings and finance leases (246,349) (326,965) (221,912)
Dividends paid (106,792) (86,116) (147,592)
Proceeds from exercise of share options 587 56  
Repurchase of treasury shares     (117,962)
Net cash used in financing activities (204,756) (248,625) (357,466)
Net (decrease) increase in cash and cash equivalents (55,583) 166,056 (8,219)
Cash and cash equivalent at Beginning value 331,687 204,715 221,443
Effect of exchange rate change on cash (37,312) (39,084) (8,509)
Cash and cash equivalent at Ending balance $ 238,792 $ 331,687 $ 204,715