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Consolidated Statements of Cash Flows - MXN ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net income for the year $ 7,861,059 $ 9,445,867 $ 2,798,083
Adjustments for:      
Depreciation and amortization 1,116,872 1,175,108 1,452,271
Employee benefits 6,532 979 12,072
Interest income from investing activities (445,879) (65,948) (107,826)
Loss in financial instruments 778,649    
Interest expense from financing activities 56,352 87,445 53,746
Income tax 3,299,522 4,389,769 2,077,844
Total Adjustments 12,673,107 15,033,220 6,286,190
Changes in operating assets and liabilities:      
(Increase) in Trade receivables (440,424) (1,807,289) (795,682)
(Increase) / decrease in Related parties receivables (69,476) (78,941) 98,874
(Increase) in Inventory (1,541,781) (2,715,001) (777,419)
(Increase) in Other receivables, recoverable taxes and prepaid expenses (204,519) (31,192) (1,727,200)
Increase in Accounts payable trade 2,375,610 836,406 1,066,393
(Decrease) in Related parties payables (8,453) (38,598) (113,155)
(Decrease) in Accounts payable other and accrued liabilities and taxes other than income taxes (3,834,758) (2,811,273) (404,126)
Net cash flows provided by operating activities 8,949,306 8,387,332 3,633,875
Investing activities:      
Acquisition of property, plant and equipment (1,696,485) (1,066,422) (951,205)
Decrease (increase) in other non-current assets (32,758) (9,199) 10,708
Acquisition of other equity instruments (2,075,872)    
Loss on financial instruments (778,649)    
Interest income collected 445,879 65,948 107,826
Net cash flows (used) by investing activities (4,137,885) (1,009,673) (832,671)
Financing activities:      
Loan from related parties 2,381,464    
Repurchase and placement of own capital stocks, net (90,129) (74,497) (41,984)
Dividends paid     (1,990,000)
Interest expense (56,352) (87,445) (53,746)
Net cash flows used (provided) in financing activities 2,234,983 (161,942) (2,085,730)
Increase in cash and cash equivalents 7,046,404 7,215,717 715,474
Cash and cash equivalents at beginning of year 15,130,192 7,727,698 7,446,447
Effects of exchange rate changes on the balance of cash and cash equivalents held in foreign currencies (630,210) 186,777 (434,223)
Cash and cash equivalents at end of year $ 21,546,386 $ 15,130,192 $ 7,727,698