XML 18 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - MXN ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net income (loss) for the year $ 2,798,083 $ (1,639,858) $ 3,446,930
Adjustments for:      
Depreciation and amortization 1,452,271 1,108,629 1,112,418
Employee benefits 12,072 41,598 (10,051)
Allowance for doubtful accounts 0 5,320 27,904
Interest income from investing activities (107,826) (145,995) (312,821)
Interest expense from financing activities 53,746 55,049 16,511
Unrealized foreign exchange loss (gain), net 0 18,030 (6,985)
Income tax 2,077,844 3,276,274 752,462
Total Adjustments 6,286,190 2,719,047 5,026,368
Changes in operating assets and liabilities:      
(Increase) / decrease in Trade receivables (795,682) 515,726 (1,082,991)
Decrease / (increase) in Related parties receivables 98,874 (58,523) 17,465
(Increase) / decrease in Inventory (777,419) 1,812,770 (1,098,437)
(Increase) in Other receivables, recoverable taxes and prepaid expenses (1,727,200) (4,185,306) (1,119,466)
Increase/ (decrease) in Accounts payable trade 1,066,393 (151,986) 460,359
(Decrease)/Increase in Related parties payables (113,155) (93,065) 90,806
(Decrease)/Increase in Accounts payable other and accrued liabilities and taxes other than income taxes (404,126) 484,090 929,780
Net cash flows provided by operating activities 3,633,875 1,042,753 3,223,884
Investing activities:      
Acquisition of property, plant and equipment (951,205) (1,271,420) (1,994,465)
Decrease (increase) in other non-current assets 10,708 (52,293) 159,732
Decrease in Other investments 88,947
Cash paid for Business acquisition, net (638,976)
Loans granted to related parties (477,064)
Collection of loans to related parties 1,071,032 1,939,366
Interest income collected 107,826 145,995 102,307
Net cash flows (used) provided by investing activities (832,671) (106,686) (820,153)
Financing activities:      
Repurchase and placement of own capital stocks, net (41,984) (156,058) (1,640,296)
Dividends paid (1,990,000)
Payments received on Loans from related parties (984,623)
Interest expense (53,746) (55,049) (16,511)
Net cash flows used in financing activities (2,085,730) (211,107) (2,641,430)
Increase (decrease) in cash and cash equivalents 715,474 724,960 (237,699)
Cash and cash equivalents at beginning of year 7,446,447 6,987,241 7,203,604
Effects of exchange rate changes on the balance of cash and cash equivalents held in foreign currencies (434,223) (265,754) 21,336
Cash and cash equivalents at end of year $ 7,727,698 $ 7,446,447 $ 6,987,241