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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2018
ARS ($)
Dec. 31, 2017
ARS ($)
Dec. 31, 2016
ARS ($)
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES      
Net income for the year $ 5,536 $ 9,859 $ 10,546
Adjustments to reconcile net income to net cash flows provided by operating activities      
Allowances deducted from assets and provisions 3,622 874 735
Depreciation of property, plant and equipment 27,643 9,698 7,719
Amortization of intangible assets 5,378 106 164
Earnings from associates (236) (353) (221)
Impairment of PP&E and Intangible assets 2,090    
Disposals of PP&E and consumption of materials 579 1,687 1,951
Financial results and others 14,775 2,334 1,930
Income tax (benefit) expense (2,838) 5,516 6,015
Income tax paid (5,935) (4,365) (1,698)
Net (increase) decrease in assets (4,997) (1,113) 197
Net increase (decrease) in liabilities (3,191) (1,435) (1,354)
Total cash flows provided by operating activities 42,426 22,808 25,984
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES      
Property, plant and equipment acquisitions (39,574) (19,116) (19,404)
Intangible asset acquisitions (2,906) (807) (24)
Acquisition in shareholdings (244) (33) (4,040)
Proceeds from dividends 56   41
Cash incorporated by the merger 4,180 393 324
Proceeds from the sale of property, plant and equipment and intangible assets 6 13 16
Investments not considered as cash and cash equivalents 7,197 2,467 (833)
Total cash flows used in investing activities (31,285) (17,083) (23,920)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES      
Proceeds from financial debt 27,769 1,264 15,305
Payment of financial debt (4,512) (1,623) (12,679)
Payment of interests and related expenses (3,724) (1,292) (1,834)
Payment of cash dividends (34,130) (2,454) (3,005)
Total cash flows used in financing activities (14,597) (4,105) (2,213)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (3,456) 1,620 (149)
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 6,517 4,840 4,065
NET FOREIGN EXCHANGE DIFFERENCES AND RECPAM ON CASH AND CASH EQUIVALENTS 3,830 57 924
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR $ 6,891 $ 6,517 $ 4,840