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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM / (USED IN) OPERATING ACTIVITIES    
Net income $ 657,984 $ 375,097
Deduct earnings of associate (72,001) (75,995)
Dividends received from associate 63,102 84,553
Add (deduct) non-cash items:    
Depreciation and amortization 245,303 232,225
Income tax expense 153,491 95,788
Share-based compensation expense (6,289) 78,821
Finance costs 94,416 94,955
Other 3,681 4,034
Income taxes paid (106,035) (35,890)
Other cash payments, including share-based compensation (59,444) (24,000)
Cash flows from operating activities before undernoted 974,208 829,588
Changes in non-cash working capital (note 16(a)) 5,998 (49,368)
Cash flows from / (used in) operating activities 980,206 780,220
CASH FLOWS FROM / (USED IN) FINANCING ACTIVITIES    
Payments for repurchase of shares (444,414) (286,120)
Dividend payments to Methanex Corporation shareholders (105,676) (101,497)
Interest paid (90,008) (86,041)
Repayment of long-term debt and financing fees (213,622) (56,997)
Finance leases (8,293) (6,880)
Equity contributions by non-controlling interests 3,804 7,522
Equity contributions by non-controlling interests 0 8,170
Cash distributions to non-controlling interests (104,258) (4,330)
Proceeds on issue of shares on exercise of stock options 3,210 3,059
Proceeds from limited recourse debt 166,000 0
Cash flows from / (used in) financing activities (793,257) (523,114)
CASH FLOWS FROM / (USED IN) INVESTING ACTIVITIES    
Property, plant and equipment (244,476) (103,170)
Restricted cash for vessels under construction (60,931) 0
Changes in non-cash working capital related to investing activities (note 16(a)) (944) (2,347)
Cash flows from / (used in) investing activities (306,351) (105,517)
Increase (decrease) in cash and cash equivalents (119,402) 151,589
Cash and cash equivalents, beginning of year 375,479 223,890
Cash and cash equivalents, end of year $ 256,077 $ 375,479