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CONSOLIDATED STATEMENTS OF CASH FLOWS - ARS ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income for the year $ 7,724 $ 4,005 $ 3,435
Adjustments to reconcile net income to net cash flows provided by operating activities      
Bad debt expenses 1,113 1,228 564
Allowance for obsolescence of inventories, materials and other 103 77 72
Depreciation of property, plant and equipment 5,039 4,358 3,046
Amortization of intangible assets 1,889 1,840 1,392
Consumption of materials 1,125 507 294
Disposals and impairment of property, plant and equipment 276 366 199
Net book value of property, plant and equipment 77 21 35
Adjustments for provisions 590 187 113
Other financial results 1,165 1,721 351
Income tax expense 3,902 1,594 1,692
Income tax paid (2,400) (1,700) (1,631)
Net increase in assets (3,592) (1,660) (4,640)
Net increase (decrease) in liabilities 2,321 (1,179) 1,890
Total cash flows provided by operating activities 19,332 11,365 6,812
CASH FLOWS FROM INVESTING ACTIVITIES      
Property, plant and equipment acquisitions (10,727) (9,541) (5,148)
3G/4G licenses acquisitions     (2,256)
Other intangible asset acquisitions (971) (1,798) (1,310)
Personal shares acquisitions (4)    
Proceeds from the sale of property, plant and equipment 27 19 39
Acquisition of Tuves Paraguay 2    
Incorporated by Merge with Nortel 6    
Investments not considered as cash and cash equivalents (2,627) (20) (976)
Total cash flows used in investing activities (14,294) (11,340) (9,651)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from financial debt 1,730 9,337 4,301
Payment of financial debt (2,986) (2,936) (31)
Payment of interests and related expenses (848) (1,573) (471)
Payment of cash dividends and related withholding tax (4,192) (2,000) (849)
Total cash flows provided by (used in) financing activities (6,296) 2,828 2,950
NET FOREIGN EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS 144 222 75
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (1,114) 3,075 186
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 3,945 870 684
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR $ 2,831 $ 3,945 $ 870