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Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Total
Capital stock
Treasury shares
Initial public offering expenses
Reserves
Capital stock issue discount
Currency translation adjustment
Retained earnings
Non-controlling interest
Acquisition reserve
Beginning balance at Dec. 31, 2018 $ 7,484,576 $ 6,393,255 [1] $ 2,004,743 [1],[2] $ (150,000) [1],[2] $ (23,295) [1] $ 1,385,701 [1],[3] $ (2,324,866) [1],[4] $ (2,702,477) [1] $ 8,203,449 [1] $ 1,091,321  
Changes in equity [abstract]                      
Profit for the year 630,045 564,269 [1]             564,269 [1] 65,776  
Other comprehensive income (loss) for the period                      
Currency translation adjustment (61,925) (57,569) [1]           (57,569) [1]   (4,356)  
Remeasurement of post employment benefit obligations (67,207) (60,730) [1]       (60,730) [1],[3]       (6,477)  
Cash flow hedges and others, net of tax (525) (268) [1]       (268) [1],[3]       (257)  
Others (202) (229) [1]       (229) [1],[3]       27  
Total comprehensive income for the year 500,186 445,473 [1]       (61,227) [1],[3] 0 [1],[4] (57,569) [1] 564,269 [1] 54,713  
Dividends paid in cash [5] (235,569) (235,569) [1]             (235,569) [1] 0  
Dividends paid in cash to non-controlling interest [6] (28,530)                 (28,530)  
Acquisition of non-controlling interest [7] (5,790) 8,506 [1]       8,506 [1],[3]       (14,296)  
Ending balance at Dec. 31, 2019 $ 7,714,873 6,611,665 [8] 2,004,743 [1],[2],[9] $ (150,000) [1],[2],[9] (23,295) [1] 1,332,980 [3],[8],[10] (2,324,866) [1],[4] (2,760,046) [8] 8,532,149 [8] 1,103,208  
Other comprehensive income (loss) for the period                      
Dividends paid, per share (in dollars per share) $ 0.12                    
Dividends paid, USD per ADS (in dollars per share) $ 1.20                    
Dividends not paid on Treasury Shares $ 5,000                    
Number of shares authorised (in shares) 3,500,000,000                    
Par value per share (in dollars per share) $ 1.00                    
Number of shares issued (in shares) 2,004,743,442                    
Number of shares in entity held by entity or by its subsidiaries or associates       41,666,666              
Legal reserve $ 200,500                    
Undistributable reserve 1,400,000                    
Other reserves                     $ (80,000)
Profit for the year 867,871 778,468 [8]             778,468 [8] 89,403  
Currency translation adjustment (108,919) (100,983) [8]           (100,983) [8]   (7,936)  
Remeasurement of post employment benefit obligations (11,036) (9,340) [8]       (9,340) [8],[10]       (1,696)  
Cash flow hedges and others, net of tax (186) (95) [8]       (95) [8],[10]       (91)  
Others (2,436) (1,383) [8]       (1,383) [8],[10]       (1,053)  
Total comprehensive income for the year 745,294 666,667 [8]       (10,818) [8],[10] 0 [8],[11] (100,983) [8] 778,468 [8] 78,627  
Acquisition of non-controlling interest [12] (17,014) 7,783 [8]       7,783 [8],[10]       (24,797)  
Ending balance at Dec. 31, 2020 $ 8,443,153 7,286,115 [8] 2,004,743 [8],[9],[13] $ (150,000) [9],[13],[14] (23,295) [8] 1,329,945 [8],[10],[15] (2,324,866) [14],[16] (2,861,029) [8] 9,310,617 [14] 1,157,038  
Other comprehensive income (loss) for the period                      
Number of shares authorised (in shares) 3,500,000,000                    
Par value per share (in dollars per share) $ 1.00                    
Number of shares issued (in shares) 2,004,743,442                    
Number of shares in entity held by entity or by its subsidiaries or associates       41,666,666              
Legal reserve $ 200,500                    
Undistributable reserve 1,400,000                    
Other reserves                     (72,200)
Profit for the year 4,367,191 3,825,068 [14]             3,825,068 [14] 542,123  
Currency translation adjustment (40,481) (37,564) [14]           (37,564) [14]   (2,917)  
Remeasurement of post employment benefit obligations 34,474 30,447 [14]       30,447 [14],[15]       4,027  
Cash flow hedges and others, net of tax 195 100 [14]       100 [14],[15]       95  
Others 555 134 [14]       134 [14],[15]       421  
Total comprehensive income for the year 4,361,934 3,818,185 [14]       30,681 [14],[15] 0 (37,564) [14] 3,825,068 [14] 543,749  
Dividends paid in cash [17] (569,292) (569,292) [14]             (569,292) [14] 0  
Acquisition of non-controlling interest [12] (757) 11 [14]       11 [14],[15]       (768)  
Ending balance at Dec. 31, 2021 $ 12,235,038 $ 10,535,019 [14] $ 2,004,743 [13],[14] $ (150,000) [13],[14] $ (23,295) [14] $ 1,360,637 [14],[15] $ (2,324,866) [14],[16] $ (2,898,593) [14] $ 12,566,393 [14] $ 1,700,019  
Other comprehensive income (loss) for the period                      
Dividends paid, per share (in dollars per share) $ 0.29                    
Dividends paid, USD per ADS (in dollars per share) $ 2.90                    
Dividends not paid on Treasury Shares $ 12,100                    
Number of shares authorised (in shares) 3,500,000,000                    
Par value per share (in dollars per share) $ 1.00                    
Number of shares issued (in shares) 2,004,743,442                    
Number of shares in entity held by entity or by its subsidiaries or associates       41,666,666              
Legal reserve $ 200,500                    
Undistributable reserve $ 1,400,000                    
Other reserves                     $ (72,200)
[1] Shareholders’ equity is determined in accordance with accounting principles generally accepted in Luxembourg.
[2] The Company has an authorized share capital of a single class of 3.5 billion shares having a nominal value of $1.00 per share. As of December 31, 2019, there were 2,004,743,442 shares issued. All issued shares are fully paid. Also, as of December 31, 2019, the Company held 41,666,666 shares as treasury shares.
[3] Include mainly legal reserve under Luxembourg law for $200.5 million, undistributable reserves under Luxembourg law for $1.4 billion and reserves related to the acquisition of non-controlling interest in subsidiaries for $(80.0) million.
[4] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[5] Represents $0.12 per share ($1.20 per ADS). Related to the dividends distributed on May 6, 2019, and as 41,666,666 shares are held as treasury shares by Ternium, the dividends attributable to these treasury shares amounting to $5.0 million were included in equity as deduction of dividend paid.
[6] Corresponds to the dividends paid by Ternium Argentina S.A.
[7] Corresponds to the acquisition of non-controlling interest participation of Ternium Argentina S.A..
[8] Shareholders’ equity is determined in accordance with accounting principles generally accepted in Luxembourg.
[9] The Company has an authorized share capital of a single class of 3.5 billion shares having a nominal value of $1.00 per share. As of December 31, 2020, there were 2,004,743,442 shares issued. All issued shares are fully paid. Also, as of December 31, 2020, the Company held 41,666,666 shares as treasury shares.
[10] Include mainly legal reserve under Luxembourg law for $200.5 million, undistributable reserves under Luxembourg law for $1.4 billion and reserves related to the acquisition of non-controlling interest in subsidiaries for $(72.2) million.
[11] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[12] Corresponds to the acquisition of non-controlling interest participation of Ternium Argentina S.A..
[13] The Company has an authorized share capital of a single class of 3.5 billion shares having a nominal value of $1.00 per share. As of December 31, 2021, there were 2,004,743,442 shares issued. All issued shares are fully paid. Also, as of December 31, 2021, the Company held 41,666,666 shares as treasury shares.
[14] Shareholders’ equity is determined in accordance with accounting principles generally accepted in Luxembourg.
[15] Include mainly legal reserve under Luxembourg law for $200.5 million, undistributable reserves under Luxembourg law for $1.4 billion, and reserves related to the acquisition of non-controlling interest in subsidiaries for $(72.2) million.
[16] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[17] Represents $0.29 per share ($2.90 per ADS). Related to the dividends distributed on May 3 and on November 2, 2021, and as 41,666,666 shares are held as treasury shares by Ternium, the dividends attributable to these treasury shares amounting to $12.1 million were included in equity as deduction of dividend paid.