XML 16 R5.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - MXN ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net (loss) income for the year $ (1,639,858) $ 3,446,930 $ 1,894,631
Adjustments for:      
Depreciation and amortization 1,108,629 1,112,418 1,465,759
Employee benefits 41,598 (10,051) (7,962)
Allowance for doubtful accounts 5,320 27,904 5,339
Interest income from investing activities (145,995) (312,821) (252,290)
Interest expense from financing activities 55,049 16,511 54,404
Unrealized foreign exchange loss (gain), net 18,030 (6,985) (35,754)
Income tax 3,276,274 752,462 1,122,809
Total Adjustments 2,719,047 5,026,368 4,246,936
Decrease/(Increase) in Trade receivables 515,726 (1,082,991) (1,209,134)
(Increase)/Decrease in Related parties receivables (58,523) 17,465 (41,311)
Decrease/(Increase) in Inventory 1,812,770 (1,098,437) (887,619)
(Increase) in Other receivables, recoverable taxes and prepaid expenses (2,147,534) (1,119,466) (1,013,274)
(Decrease)/Increase in Accounts payable trade (151,986) 460,359 1,249,042
(Decrease)/Increase in Related parties payables (93,065) 90,806 39,604
(Decrease)/Increase in Accounts payable other and accrued liabilities and taxes other than income taxes (1,553,682) 929,780 800,111
Net cash flows provided by operating activities 1,042,753 3,223,884 3,184,355
Investing activities:      
Acquisition of property, plant and equipment (1,271,420) (1,994,465) (3,039,501)
Decrease in other non-current assets (52,293) 159,732 (60,131)
Decrease in Other investments   88,947 339,476
Cash paid for Business acquisition, net   (638,976)
Loans granted to related parties   (477,064) (412,443)
Collection of loans to related parties 1,071,032 1,939,366
Interest income collected 145,995 102,307 54,237
Net cash flows (used) provided by investing activities (106,686) (820,153) (3,118,362)
Financing activities:      
Repurchase and placement of own capital stocks, net (156,058) (1,640,296) (278,863)
Loans received from related parties   (984,623) (41,027)
Interest expense (55,049) (16,511) (54,404)
Net cash flows used in financing activities (211,107) (2,641,430) (374,294)
Increase (decrease) in cash and cash equivalents 724,960 (237,699) (308,301)
Cash and cash equivalents at beginning of year 6,987,241 7,203,604 7,536,534
Effects of exchange rate changes on the balance of cash and cash equivalents held in foreign currencies (265,754) 21,336 (24,629)
Cash and cash equivalents at end of year $ 7,446,447 $ 6,987,241 $ 7,203,604