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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Income for the year $ 731,258 $ 873,900 $ 536,389
Adjustments for:      
Depreciation and amortization 539,521 664,357 608,640
Income tax accruals less payments (193,417) 58,494 (193,989)
Equity in earnings of non-consolidated companies (82,036) (193,994) (116,140)
Interest accruals less payments, net (4,381) 6,151 11,550
Changes in provisions 2,739 (8,396) (17,245)
Income from the sale of Conduit business (89,694)
Changes in working capital 523,109 (737,952) (853,184)
Currency translation adjustment and others 11,146 (51,758) 91,648
Net cash provided by (used in) operating activities 1,527,939 610,802 (22,025)
Cash flows from investing activities      
Capital expenditures (350,174) (349,473) (558,236)
Changes in advance to suppliers of property, plant and equipment 3,820 4,851 7,077
Proceeds from disposal of Conduit business 327,631
Acquisition of subsidiaries, net of cash acquired (132,845) (10,418)
Investment in companies under cost method (2,933) (3,681)
Investment in non-consolidated companies (19,610)
Loan to non-consolidated companies (14,740) (10,956)
Repayment of loan by non-consolidated companies 40,470 9,370 3,900
Proceeds from disposal of property, plant and equipment and intangible assets 2,091 6,010 5,443
Dividends received from non-consolidated companies 28,974 25,722 22,971
Changes in investments in securities 389,815 717,368 565,387
Net cash (used in) provided by investing activities (40,392) 399,108 349,118
Cash flows from financing activities      
Dividends paid (484,020) (484,020) (484,020)
Dividends paid to non-controlling interest in subsidiaries (1,872) (3,498) (24,000)
Changes in non-controlling interests 1 (24) (49)
Payments of lease liabilities (41,530)
Proceeds from borrowings 1,332,716 1,019,302 1,196,781
Repayments of borrowings (1,159,053) (1,432,202) (1,090,129)
Net cash used in financing activities (353,758) (900,442) (401,417)
Increase (decrease) in cash and cash equivalents 1,133,789 109,468 (74,324)
Movement in cash and cash equivalents      
At the beginning of the year 426,717 330,090 398,580
Effect of exchange rate changes (6,231) (12,841) 5,834
Increase (decrease) in cash and cash equivalents 1,133,789 109,468 (74,324)
At December 31, 1,554,275 426,717 330,090
Cash and bank deposits 1,554,299 428,361 330,221
Bank overdrafts $ (24) $ (1,644) $ (131)