Cash flow statement

Consolidated Cash Flow Statement

  (thousands US$ dollars)
Year ended 31 Dec202220212020201920182017
             
Net cash from operating activities 502,185  895,141 917,685 435,909 588,359  761,471
             
Cash flows from investing activities            
Purchase of property, plant and equipment (592,129)  (592,052) (412,326) (559,264) (668,669)  (604,751)
Proceeds from sale of property, plant,
equipment and other assets
1,357  6,042 266 1,309 78  26,078
Purchase of available for sale financial assets - - (19,877)
Repayments of loans granted to contractors - - - 1,327  925
Sliverstream contract 33,355 48,986 33,710 24,303  36,303  43,349
Proceeds from the sale of debt investments - - - 20,087 -
Interest received 28,235  10,459 12,249 24,176  19,520  14,535
Net cash used in investing activities (514,182)  (501,565) (366,101) (509,476)  (591,354)  (339,741)
             
Cash flows from financing activities            
Principal elements of lease payments (5,125)  (5,971) (5,780) (4,681) - -
Dividends paid to shareholders of the Company1 (201,950)  (245,561) (104,686) (142,179)  (298,068)  (236,560)
Capital contribution2 10,143  31,885 53 53,256 23,613 18,869
Interest paid3
(55,308) (49,334) (59,891) (57,069)  (35,177)  (35,503)
Net cash used in financing activities (254,108)  (227,316) 178,734 (150,673)  (309,632)  (253,194)
             
Net increase in cash and cash equivalents during year (266,105)  166,260 730,318 (224,240)  (312,627)  168,536
Effect of exchange rate on cash and cash equivalents (117)  (1,393) 3,521 31  (2,622)  (4,456)
Cash and cash equivalents at 1 January 1,235,282  1,070,415 336,576 560,785  876,034  711,954
Cash and cash equivalents at 31 December 969,060  1,235,282 1,070,415 336,576  560,785  876,034

1Includes the effect of hedging of dividend payments made in currencies other than US$.  2Corresponds to capital contribution by Minera los Lagartos, S.A. de C.V. 3Total interest paid during the year ended 31 Dec 22 related to senior notes and notes payable less amounts capitalised totalling US$8.5 million (2021: US$8.4 million) which were included within the caption Purchase of property, plant and equipment.