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Consolidated Statements of Cash Flows - MXN ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net income for the year $ 3,446,930 $ 1,894,631 $ 4,364,740
Adjustments:      
Depreciation and amortization 1,112,418 1,465,759 1,429,381
Employee benefits (10,051) (7,962) 6,351
Allowance for doubtful accounts 27,904 5,339 (16,453)
Interest income from investing activities (312,821) (252,290) (140,033)
Interest expense from financing activities 16,511 54,404 40,170
Unrealized foreign exchange loss (gain), net (6,985) (35,754) 169,699
Income tax 752,462 1,122,809 936,394
Total Adjustments 5,026,368 4,246,936 6,790,249
(Increase) in Trade receivables (1,082,991) (1,209,134) (209,517)
Decrease/(Increase) in Related parties receivables 17,465 (41,311) (172,322)
(Increase) in Inventory (1,098,437) (887,619) (84,865)
(Increase) in Accounts receivable other, recoverable taxes and prepaid expenses (1,119,466) (1,013,274) (619,378)
Increase/(Decrease) in Accounts payable trade 460,359 1,249,042 (372,386)
Increase/(Decrease) in Related parties payables 90,806 39,604 (36,093)
Increase in Accounts payable other and accrued liabilities and taxes other than income taxes 929,780 800,111 410,066
Net cash flows provided by operating activities 3,223,884 3,184,355 5,705,754
Investing activities:      
Acquisition of property, plant and equipment (1,994,465) (3,039,501) (3,100,259)
Decrease/(increase) in other non-current assets 159,732 (60,131) (119,468)
Decrease/(increase) in Other investments 88,947 339,476 (54,063)
Cash paid for Business acquisition, net (638,976)    
Loans granted to related parties (477,064) (412,443) (2,277,256)
Collection of loans to related parties 1,939,366    
Interest income collected 102,307 54,237 108,151
Net cash flows (used) provided by investing activities (820,153) (3,118,362) (5,442,895)
Financing activities:      
Repurchase and placement of own capital stocks, net (1,640,296) (278,863) 938,255
Loans granted to related parties (984,623) (41,027) (40,170)
Interest expense (16,511) (54,404)
Net cash flows (used)/provided by financing activities (2,641,430) (374,294) 898,085
Net (decrease)/increase in cash and cash equivalents (237,699) (308,301) 1,160,944
Cash and cash equivalents at beginning of year 7,203,604 7,536,534 6,224,502
Effects of exchange rate changes on the balance of cash and cash equivalents held in foreign currencies 21,336 (24,629) 151,088
Cash and cash equivalents at end of year $ 6,987,241 $ 7,203,604 $ 7,536,534