Summarised group financial results
– Statement of cash flows

For the year ended 31 December

US dollar millions2019(1)2018(1)2017
Cash flows from operating activities
Cash generated from operations1,102 931 1,067
Dividends received from joint ventures77 91 6
Net taxation paid(221)(166)(160)
Net cash inflow from operating activities from continuing operations958 856 913
Net cash inflow from discontinued operations89 1 84
Net cash inflow from operating activities1,047 857 997
Cash flows from investing activities
Capital expenditure(703)(575)(675)
Net payments from acquisition and disposal of subsidiaries, associates and joint ventures(5)(8)(27)
Net proceeds (payments) from disposal and acquisition of investments, associate loans, and acquisition and disposal of tangible assets1721(8)
Interest received14 5 7
Increase in cash restricted for use(6)(8)
Net cash outflow from investing activities from continuing operations(683)(561)(711)
Net cash (outflows) inflows from discontinued operations(54)226 (151)
Cash in subsidiaries sold and transferred to held for sale(6)
Net cash outflow from investing activities(743)(335)(862)
Cash flows from financing activities
Net proceeds (repayments) from borrowings and lease liabilities3 (214)48
Finance costs and lease finance costs paid(137)(130)(138)
Dividends paid(43)(39)(58)
Net cash outflow from financing activities from continuing operations(177)(393)(148)
Net cash outflows from discontinued operations
Net cash outflow from financing activities(177)(393)(148)
Net increase (decrease) in cash and cash equivalents127 129 (13)
Cash and cash equivalents at beginning of year329 205 215
Cash and cash equivalents at end of year 456329 205

(1) Years 2018 and 2017 have been restated for IFRS 5.