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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Classes of cash receipts generated from operating activities      
Cash receipts from sales of goods and rendering of services $ 5,102,866 $ 8,162,698 $ 10,954,251
Cash receipts from premiums and benefits, annuities and other benefits from policies entered 1,000 0 1,345
Cash receipts derived from sub-leases 0 89 129
Classes of Payments      
Cash payments to suppliers for the provision of goods and services (3,399,104) (5,637,224) (5,255,694)
Cash payments relating to variable leases (6,138) (4,700) (3,631)
Other payments related to operating activities (94,899) (86,291) (24,148)
Net cash generated from operating activities 1,603,725 2,434,572 5,672,252
Dividends received 18,566 9,328 6,354
Interest paid (240,825) (121,222) (109,697)
Interest paid on lease liabilities (2,820) (2,038) (1,226)
Interest received 97,077 103,352 48,120
Income taxes paid (235,155) (2,309,640) (1,648,668)
Other cash (outflows) inflows [1] 34,110 (310,991) 110,460
Net cash generated from (used in) operating activities 1,274,678 (196,639) 4,077,595
Cash flows generated from (used in) investing activities      
Proceeds from the sale of equity instruments 0 4,745 4,745
Purchase of ownership interest in associates and joint ventures (356,846) (34,547) 0
Acquisition of equity instruments (11,063) (30,701) 0
Acquisition of subsidiaries (122,594) 0 0
Proceeds from the sale of property, plant and equipment 23 44 112
Payment of loans from related entities (6,746) 0 0
Acquisition of property, plant and equipment (971,792) (1,103,598) (905,247)
Proceeds from sale of intangible assets 13,037 5,205 3,624
Proceeds related to futures, forward options and swap contracts 346 18,034 39,878
Loans to related parties 2,093 3,387 873
Purchases of other long-term assets (10,701) (12,002) (11,341)
Other cash inflows (outflows) [2] 250,251 (332,060) (42,045)
Cash flow used in investing activities (1,213,992) (1,481,493) (909,401)
Cash flows generated from (used in) financing activities      
Payment of lease liabilities (22,288) (15,914) (10,478)
Proceeds from long-term loans 886,000 850,000 200,000
Proceeds from short-term loans 1,250,000 1,215,000 60,000
Loan repayments (1,764,869) (530,717) (13,117)
Proceeds (payments) from hedges associated to loans 759 18,927 (993)
Dividends paid (67,219) (1,471,035) (2,238,381)
Net cash flow generated from financing activities 282,383 66,261 (2,002,969)
Net increase (decrease) in cash and cash equivalents before the effect of changes in the exchange rate 343,069 (1,611,871) 1,165,225
Effects of exchange rate fluctuations on cash and cash equivalents (6,587) (1,996) (25,040)
Increase (decrease) in cash and cash equivalents 336,482 (1,613,867) 1,140,185
Cash and cash equivalents at beginning of year 1,041,369 2,655,236 1,515,051
Cash and cash equivalents at end of year $ 1,377,851 $ 1,041,369 $ 2,655,236
[1] Other inflows (outflows) of cash from operating activities include net increases (decreases) of value added tax and banking expenses, taxes associated with interest payments, costs of issuance of debt and government grants.
[2] Other cash inflows (outflow) include investments and redemptions of time deposits and other financial instruments that do not qualify as cash and cash equivalent in accordance with IAS 7, paragraph 7, since they mature in more than 90 days from the original investment date.