XML 45 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM / (USED IN) OPERATING ACTIVITIES    
Net income (loss) $ 375,097 $ (28,225)
Deduct earnings of associate (75,995) (19,930)
Dividends received from associate 84,553 47,325
Add (deduct) non-cash items:    
Depreciation and amortization 232,225 228,054
Income tax expense (recovery) 95,788 (9,279)
Share-based compensation expense 78,821 33,493
Finance costs 94,955 90,060
Other 4,033 1,559
Income taxes paid (35,890) (5,241)
Other cash payments, including share-based compensation (16,477) (23,505)
Cash flows from operating activities before undernoted 837,110 314,311
Changes in non-cash working capital (note 16(a)) (49,368) (87,644)
Cash flows from / (used in) operating activities 787,742 226,667
CASH FLOWS FROM / (USED IN) FINANCING ACTIVITIES    
Payments for repurchase of shares (286,120) 0
Dividend payments to Methanex Corporation shareholders (101,497) (98,797)
Interest paid (86,041) (82,965)
Net proceeds on issue of long-term debt 0 65,700
Repayment of long-term debt and financing fees (56,997) (48,417)
Finance leases (6,880) (5,144)
Equity contributions by non-controlling interests 8,170 25
Cash distributions to non-controlling interests (4,330) (1,410)
Proceeds on issue of shares on exercise of stock options 3,059 1,506
Cash flows from / (used in) financing activities (530,636) (169,502)
CASH FLOWS FROM / (USED IN) INVESTING ACTIVITIES    
Property, plant and equipment (103,170) (99,881)
Other assets 0 (66)
Changes in non-cash working capital related to investing activities (note 16(a)) (2,347) 11,738
Cash flows from / (used in) investing activities (105,517) (88,209)
Increase (decrease) in cash and cash equivalents 151,589 (31,044)
Cash and cash equivalents, beginning of year 223,890 254,934
Cash and cash equivalents, end of year $ 375,479 $ 223,890