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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM / (USED IN) OPERATING ACTIVITIES    
Net income $ 116,366 $ 657,984
Deduct earnings of associate (52,218) (72,001)
Dividends received from associate 56,159 63,102
Add (deduct) non-cash items:    
Depreciation and amortization 344,127 245,303
Income tax expense 4,474 153,491
Share-based compensation recovery (3,950) (6,289)
Finance costs 124,426 94,416
Other (901) 3,681
Income taxes paid (43,909) (106,035)
Other cash payments, including share-based compensation (38,569) (59,444)
Cash flows from operating activities before undernoted 506,005 974,208
Changes in non-cash working capital (note 17(a)) 9,426 5,998
Cash flows from / (used in) operating activities 515,431 980,206
CASH FLOWS FROM / (USED IN) FINANCING ACTIVITIES    
Payments for repurchase of shares (52,805) (444,414)
Dividend payments to Methanex Corporation shareholders (107,876) (105,676)
Interest paid (115,283) (90,008)
Net proceeds on issue of long-term debt 695,533 0
Repayment of long-term debt and financing fees (388,216) (213,622)
Repayment of lease obligations (101,812) (8,293)
Restricted cash for debt service accounts (10,067) 3,804
Cash distributions to non-controlling interests (23,613) (104,258)
Proceeds on issue of shares on exercise of stock options 86 3,210
Proceeds from limited recourse debt 0 166,000
Cash flows from / (used in) financing activities (104,053) (793,257)
CASH FLOWS FROM / (USED IN) INVESTING ACTIVITIES    
Property, plant and equipment (208,467) (190,561)
Geismar plant under construction (115,393) (53,915)
Restricted cash for capital projects 61,657 (60,931)
Changes in non-cash working capital related to investing activities (note 17(a)) 11,511 (944)
Cash flows from / (used in) investing activities (250,692) (306,351)
Increase (decrease) in cash and cash equivalents 160,686 (119,402)
Cash and cash equivalents, beginning of year 256,077 375,479
Cash and cash equivalents, end of year $ 416,763 $ 256,077