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Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Equity attributable to owners of parent [member]
Capital stock
Treasury shares
Initial public offering expenses
Reserves
Capital stock issue discount
Currency translation adjustment
Retained earnings
Non-controlling interest
Beginning balance at Dec. 31, 2019 $ 7,714,873 $ 6,611,665 [1] $ 2,004,743 [1],[2] $ (150,000) [1],[2] $ (23,295) [1] $ 1,332,980 [1],[3] $ (2,324,866) [1],[4] $ (2,760,046) [1] $ 8,532,149 [1] $ 1,103,208
Changes in equity [abstract]                    
Profit for the year 867,871 778,468 [1]             778,468 [1] 89,403
Other comprehensive income (loss) for the period                    
Currency translation adjustment (108,919) (100,983) [1]           (100,983) [1]   (7,936)
Remeasurement of post employment benefit obligations (11,036) (9,340) [1]       (9,340) [1],[3]       (1,696)
Cash flow hedges and others, net of tax (186) (95) [1]       (95) [1],[3]       (91)
Others (2,436) (1,383) [1]       (1,383) [1],[3]       (1,053)
Total comprehensive income for the year 745,294 666,667 [1]       (10,818) [1],[3] 0 [1],[4] (100,983) [1] 778,468 [1] 78,627
Acquisition of non-controlling interest [5] (17,014) 7,783 [1]       7,783 [1],[3]       (24,797)
Ending balance at Dec. 31, 2020 8,443,153 7,286,115 [1] 2,004,743 [1],[2],[6] (150,000) [2],[6],[7] (23,295) [7] 1,329,945 [7],[8] (2,324,866) [7],[9] (2,861,029) [7] 9,310,617 [7] 1,157,038
Changes in equity [abstract]                    
Profit for the year 4,367,191 3,825,068 [7]             3,825,068 [7] 542,123
Other comprehensive income (loss) for the period                    
Currency translation adjustment (40,481) (37,564) [7]           (37,564) [7]   (2,917)
Remeasurement of post employment benefit obligations 34,474 30,447 [7]       30,447 [7],[8]       4,027
Cash flow hedges and others, net of tax 195 100 [7]       100 [7],[8]       95
Others 555 134 [7]       134 [7],[8]       421
Total comprehensive income for the year 4,361,934 3,818,185 [7] 0 [6],[7] 0 [6],[7] 0 [7] 30,681 [7],[8] 0 [7],[9] (37,564) [7] 3,825,068 [7] 543,749
Dividends paid in cash [10] (569,292) (569,292) [7]             (569,292) [7] 0
Acquisition of non-controlling interest [11] (757) 11 [7]       11 [7],[8]       (768)
Ending balance at Dec. 31, 2021 12,235,038 10,535,019 [7] 2,004,743 [6],[12],[13] (150,000) [6],[7],[13] (23,295) [7] 1,360,637 [8],[12],[14] (2,324,866) [7],[9] (2,898,593) [7] 12,566,393 [7] 1,700,019
Changes in equity [abstract]                    
Profit for the year 2,092,772 1,767,516 [12]             1,767,516 [12] 325,256
Other comprehensive income (loss) for the period                    
Currency translation adjustment 42,708 39,525 [12]           39,525 [12]   3,183
Remeasurement of post employment benefit obligations 24,435 21,864 [12]       21,864 [12],[14]       2,571
Cash flow hedges and others, net of tax 40 20 [12]       20 [12],[14]       20
Others [15] 19,940 12,269 [12]       12,269 [12],[14]       7,671
Total comprehensive income for the year 2,179,895 1,841,194 [12] 0 [12],[13] 0 [12],[13] 0 [12] 34,153 [12],[14] 0 [12],[16] 39,525 [12] 1,767,516 [12] 338,701
Dividends paid in cash [17] (530,031) (530,031) [12]             (530,031) [12] 0
Dividends paid in kind to non-controlling interest (112,293) 0 [12]               (112,293)
Acquisition of non-controlling interest [18] (4,216) (223) [12]       (223) [12],[14]       (3,993)
Ending balance at Dec. 31, 2022 $ 13,768,393 $ 11,845,959 [12] $ 2,004,743 [12],[13] $ (150,000) [12],[13] $ (23,295) [12] $ 1,394,567 [12],[14] $ (2,324,866) [12],[16] $ (2,859,068) [12] $ 13,803,878 [12] $ 1,922,434
[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, 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.
[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 $(72.2) million.
[4] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[5] Corresponds to the acquisition of non-controlling interest participation of Ternium Argentina S.A.
[6] 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.
[7] Shareholders’ equity is determined in accordance with accounting principles generally accepted in Luxembourg.
[8] 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.
[9] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[10] 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.
[11] Corresponds to the acquisition of non-controlling interest participation of Ternium Argentina S.A..
[12] Shareholders’ equity is determined in accordance with accounting principles generally accepted in Luxembourg.
[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, 2022, there were 2,004,743,442 shares issued. All issued shares are fully paid. Also, as of December 31, 2022, the Company held 41,666,666 shares as treasury shares.
[14] 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.
[15] Includes mainly the changes of the fair value of financial instruments at fair value through other comprehensive income, net of tax.
[16] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[17] Represents $0.27 per share ($2.70 per ADS). Related to the dividends distributed on May 3 and on November 2, 2022, and as 41,666,666 shares are held as treasury shares by Ternium, the dividends attributable to these treasury shares amounting to $11.2 million were included in equity as deduction of dividend paid.
[18] Corresponds to the acquisition of non-controlling interest participation of Ternium Argentina S.A..