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Consolidated Statements of Cash Flows - MXN ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net income for the year $ 4,274,113 $ 7,861,059 $ 9,445,867
Adjustments for:      
Depreciation and amortization 1,035,244 1,116,872 1,175,108
Employee benefits 16,116 6,532 979
Interest income from investing activities (931,866) (445,879) (65,948)
(Gain) Loss in financial instruments (64,436) 778,649 0
Interest expense from financing activities 153,729 56,352 87,445
Income tax 1,739,998 3,299,522 4,389,769
Total Adjustments 6,222,898 12,673,107 15,033,220
Changes in operating assets and liabilities:      
Decrease (Increase) in Trade receivables 653,286 (440,424) (1,807,289)
Decrease (Increase) in Related parties’ receivables (68,247) (69,476) (78,941)
Decrease (Increase) in Inventory 1,608,776 (1,541,781) (2,715,001)
(Increase) in other receivables, recoverable taxes and prepaid expenses (74,814) (204,519) (31,192)
(Decrease) Increase in Accounts payable trade (2,187,193) 2,375,610 836,406
Increase (Decrease) in Related parties’ payables 62,799 (8,453) (38,598)
Increase (Decrease) in Accounts payable other and accrued liabilities and taxes other than income taxes (1,954,210) (3,834,758) (2,811,273)
Net cash flows provided by operating activities 4,263,295 8,949,306 8,387,332
Investing activities:      
Acquisition of property, plant and equipment (2,492,673) (1,696,485) (1,066,422)
Decrease (increase) in other non-current assets 301,913 (32,758) (9,199)
Acquisition of other equity instruments (88,642) (2,075,872) 0
Gain (Loss) on financial instruments 64,436 (778,649) 0
Interest income collected 931,866 445,879 65,948
Net cash flows (used) by investing activities (1,283,100) (4,137,885) (1,009,673)
Financing activities:      
Loan from related parties 0 2,381,464 0
Repurchase and placement of own capital stocks, net (89,041) (90,129) (74,497)
Interest expense (153,729) (56,352) (87,445)
Net cash flows used (provided) in financing activities (242,770) 2,234,983 (161,942)
Increase in cash and cash equivalents 2,737,425 7,046,404 7,215,717
Cash and cash equivalents at beginning of year 21,546,386 15,130,192 7,727,698
Effects of exchange rate changes on the balance of cash and cash equivalents held in foreign currencies (699,476) (630,210) 186,777
Cash and cash equivalents at end of year $ 23,584,335 $ 21,546,386 $ 15,130,192