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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Profit / (Loss) for the year $ 342 $ (23,233) $ 14,975
Adjustments for:      
Income tax expense / (benefit) 20,820 (1,024) (4,992)
Depreciation 173,208 153,034 150,071
Amortization 1,231 1,220 936
Depreciation of right of use assets 45,168 0 0
Loss from the disposal of other property items 329 95 986
Gain from the sale of farmland and other assets (1,354) (36,227) 0
Acquisition of subsidiaries (149) 0 0
Net (loss) / gain from the Fair value adjustment of Investment properties 325 (13,409) (4,302)
Equity settled share-based compensation granted 4,734 4,728 5,552
Gain from derivative financial instruments and forwards (469) (51,504) (38,679)
Interest, finance cost related to lease liabilities and other financial expense, net 62,653 44,347 53,446
Initial recognition and changes in fair value of non harvested biological assets (unrealized) (1,720) 30,299 (14,645)
Changes in net realizable value of agricultural produce after harvest (unrealized) 481 647 (2,371)
Provision and allowances 2,778 2,126 825
Net gain of inflation effects on the monetary items (92,437) (81,928) 0
Foreign exchange losses, net 108,458 183,195 38,708
Cash flow hedge – transfer from equity 15,594 26,693 20,758
Subtotal 339,992 239,059 221,268
Changes in operating assets and liabilities:      
Increase in trade and other receivables (17,664) (65,942) (9,476)
(Increase) / Decrease in inventories 9,998 (41,531) (4,089)
(Increase) / Decrease in biological assets (27,037) 2,958 (18,013)
(Increase) / Decrease in other assets (210) (777) 2
Decrease in derivative financial instruments 3,997 50,021 40,910
Increase in trade and other payables 13,102 31,148 6,555
Increase in payroll and social security liabilities 2,565 5,876 1,953
(Decrease) / Increase in provisions for other liabilities (351) (430) 855
Net cash generated from operating activities before taxes paid 324,392 220,382 239,965
Income tax paid (2,282) (1,869) (2,860)
Net cash generated from operating activities [1] 322,110 218,513 237,105
Cash flows from investing activities:      
Acquisition of business, net of cash and cash equivalents acquired 683 0 0
Purchases of property, plant and equipment (252,450) (207,069) (198,550)
Purchase of cattle and non current biological assets (4,950) (5,706) (1,694)
Purchases of intangible assets (8,617) (3,321) (2,141)
Interest received and others 8,139 7,915 11,230
Proceeds from disposal of other property items 2,652 1,748 2,820
Proceeds from the sale of farmland and other assets 5,833 31,511 0
Net cash used in investing activities [2] (248,710) (174,922) (188,335)
Cash flows from financing activities:      
Issuance of senior notes 0 0 495,678
Proceeds from long-term borrowings 108,271 45,536 232,433
Payments of long-term borrowings (101,826) (124,349) (602,700)
Proceeds from short-term borrowings 193,977 318,108 106,730
Payments of short-term borrowings (127,855) (190,630) (64,787)
Interest paid (57,662) (50,021) (41,612)
Prepayment related expenses 0 0 (6,080)
Proceeds from equity settled shared-based compensation exercised 0 0 39
Collection of derivatives financial instruments 1,481 (2,578) (9,476)
Lease payments (49,081) 0 0
Purchase of own shares (4,263) (15,725) (38,367)
Dividends paid to non-controlling interest (905) (1,195) (1,664)
Net cash (used) / generated from financing activities [3] (37,863) (20,854) 70,194
Net increase in cash and cash equivalents 35,537 22,737 118,964
Cash and cash equivalents at beginning of year 273,635 269,195 158,568
Effect of exchange rate changes and inflation on cash and cash equivalents [4] (18,896) (18,297) (8,337)
Cash and cash equivalents at end of year $ 290,276 $ 273,635 $ 269,195
[1] Includes 23,550 and 7,598 of the combined effect of IAS 29 and IAS 21 of the Argentine subsidiaries for 2019 and 2018, respectively.
[2] Includes 3,851 and 4,122 of the combined effect of IAS 29 and IAS 21 of the Argentine subsidiaries for 2019 and 2018, respectively.
[3] Includes (14,340) and (8,231) of the combined effect of IAS 29 and IAS 21 of the Argentine subsidiaries for 2019 and 2018, respectively.
[4] Includes (13,061) and (3,489) of the combined effect of IAS 29 and IAS 21 of the Argentine subsidiaries for 2019 and 2018, respectively.