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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM / (USED IN) OPERATING ACTIVITIES    
Net income (loss) $ (125,327) $ 116,366
Deduct earnings of associate (29,577) (52,218)
Dividends received from associate 29,026 56,159
Add (deduct) non-cash items:    
Depreciation and amortization 357,129 344,127
Income tax expense (recovery) (62,105) 4,474
Share-based compensation expense (recovery) 55,253 (3,950)
Finance costs 164,837 124,426
Other 13,151 (901)
Income taxes paid (2,871) (43,909)
Other cash payments, including share-based compensation (3,357) (38,569)
Cash flows from operating activities before undernoted 396,159 506,005
Changes in non-cash working capital (note 17(a)) 64,923 9,426
Cash flows from / (used in) operating activities 461,082 515,431
CASH FLOWS FROM / (USED IN) FINANCING ACTIVITIES    
Payments for repurchase of shares 0 (52,805)
Dividend payments to Methanex Corporation shareholders (36,004) (107,876)
Interest paid (165,450) (115,283)
Net proceeds on issue of long-term debt 865,415 695,533
Repayment of long-term debt and financing fees (295,917) (388,216)
Draw on revolving credit facility 300,000 0
Repayment of revolving credit facility (300,000) 0
Repayment of lease obligations (106,834) (101,812)
Restricted cash for debt service accounts (4,322) (10,067)
Equity contributions by / acquisitions of non-controlling interests (1,214) 0
Cash distributions to non-controlling interests (34,658) (23,613)
Proceeds on issue of shares on exercise of stock options 204 86
Proceeds from limited recourse debt 12,839 0
Cash flows from / (used in) financing activities 234,059 (104,053)
CASH FLOWS FROM / (USED IN) INVESTING ACTIVITIES    
Property, plant and equipment (128,786) (208,467)
Geismar plant under construction (213,030) (115,393)
Restricted cash for capital projects 1,772 61,657
Proceeds from sale of assets 9,828 0
Changes in non-cash working capital related to investing activities (note 17(a)) 52,153 11,511
Cash flows from / (used in) investing activities (278,063) (250,692)
Increase in cash and cash equivalents 417,078 160,686
Cash and cash equivalents, beginning of year 416,763 256,077
Cash and cash equivalents, end of year $ 833,841 $ 416,763