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Consolidated Statements of Cash Flows - MXN ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Net income (loss) for the year $ 9,445,867 $ 2,798,083 $ (1,639,858)
Adjustments for:      
Depreciation and amortization 1,175,108 1,452,271 1,108,629
Employee benefits 979 12,072 41,598
Allowance for doubtful accounts     5,320
Interest income from investing activities (65,948) (107,826) (145,995)
Interest expense from financing activities 87,445 53,746 55,049
Unrealized foreign exchange loss (gain), net     18,030
Income tax 4,389,769 2,077,844 3,276,274
Total Adjustments 15,033,220 6,286,190 2,719,047
Changes in operating assets and liabilities:      
(Increase) / decrease in Trade receivables (1,807,289) (795,682) 515,726
Decrease / (increase) in Related parties receivables (78,941) 98,874 (58,523)
(Increase) / decrease in Inventory (2,715,001) (777,419) 1,812,770
(Increase) in Other receivables, recoverable taxes and prepaid expenses (31,192) (1,727,200) (4,185,306)
Increase/ (decrease) in Accounts payable trade 836,406 1,066,393 (151,986)
(Decrease)/increase in Related parties payables (38,598) (113,155) (93,065)
(Decrease)/increase in Accounts payable other and accrued liabilities and taxes other than income taxes (2,811,273) (404,126) 484,090
Net cash flows provided by operating activities 8,387,332 3,633,875 1,042,753
Investing activities:      
Acquisition of property, plant and equipment (1,066,422) (951,205) (1,271,420)
Decrease (increase) in other non-current assets (9,199) 10,708 (52,293)
Collection of loans to related parties     1,071,032
Interest income collected 65,948 107,826 145,995
Net cash flows (used) provided by investing activities (1,009,673) (832,671) (106,686)
Financing activities:      
Repurchase and placement of own capital stocks, net (74,497) (41,984) (156,058)
Dividends paid   (1,990,000)  
Interest expense (87,445) (53,746) (55,049)
Net cash flows used in financing activities (161,942) (2,085,730) (211,107)
Increase (decrease) in cash and cash equivalents 7,215,717 715,474 724,960
Cash and cash equivalents at beginning of year 7,727,698 7,446,447 6,987,241
Effects of exchange rate changes on the balance of cash and cash equivalents held in foreign currencies 186,777 (434,223) (265,754)
Cash and cash equivalents at end of year $ 15,130,192 $ 7,727,698 $ 7,446,447