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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 100,937 $ 54,366
Adjustments to reconcile net income to net cash provided by operating activities:    
Allowance for credit losses 1,899 580
Depreciation and amortization 9,914 10,462
Deferred income taxes 4,130 (1,016)
Equity method income (2,568) (3,249)
Deferred cost of financing 610 726
Other non-cash adjustments 118 6
Unrealized currency translation (loss) gains (14,609) 911
Changes in operating assets and liabilities:    
Trade accounts receivable (24,778) (4,792)
Inventories (15,584) (31,343)
Prepaid expenses (1,660) (690)
Other assets (22,550) 1,652
Trade accounts payable and accrued expenses 16,167 16,488
Taxes payable (20,153) 2,260
Labor liabilities 345 125
Other liabilities (57) (2,047)
Contract assets and liabilities 10,843 17,538
Related parties 210 1,020
CASH PROVIDED BY OPERATING ACTIVITIES 43,214 62,997
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (193) (933)
Acquisition of property and equipment (37,886) (26,250)
CASH USED IN INVESTING ACTIVITIES (38,079) (27,183)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash dividend (7,868) (6,196)
Stock buyback (56)
Proceeds from debt 98 241
Repayments of debt (6) (15,367)
CASH USED IN FINANCING ACTIVITIES (7,832) (21,322)
Effect of exchange rate changes on cash and cash equivalents 3,711 (883)
NET INCREASE IN CASH 1,014 13,609
CASH - Beginning of period 103,672 85,011
CASH - End of period 104,686 98,620
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 5,556 2,387
Income Tax 82,807 7,552
NON-CASH INVESTING AND FINANCING ACTIVITES:    
Assets acquired under credit or debt $ 7,223 $ 5,835