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Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES |  |
Net income | $ 284,122 | $ 462,288
Deduct earnings of associate | (99,466) | (76,938)
Dividends received from associate | 112,318 | 97,174
Add (deduct) non-cash items: |  |
Depreciation and amortization | 391,830 | 372,420
Income tax expense | 1,489 | 119,859
Share-based compensation expense | 34,502 | 15,398
Finance costs | 117,366 | 130,752
Other | (24,651) | (12,985)
Interest received | 21,633 | 9,590
Income taxes paid | (81,922) | (163,828)
Other cash payments, including share-based compensation | (37,894) | (20,503)
Cash flows from operating activities before undernoted | 719,327 | 933,227
Changes in non-cash working capital (note 17(a)) | (59,058) | 54,122
Cash flows from/(used in) operating activities | 660,269 | 987,349
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES |  |
Payments for repurchase of shares | (86,392) | (252,985)
Dividend payments to Methanex Corporation shareholders | (49,378) | (43,955)
Interest paid | (168,636) | (161,816)
Repayment of long-term debt and financing fees (note 8) | (12,280) | (9,151)
Repayment of lease obligations | (118,159) | (105,863)
Distributions to non-controlling interests | (185,336) | (84,713)
Proceeds on issue of shares on exercise of stock options | 1,437 | 582
Restricted cash for debt service accounts | (1,424) | (1,394)
Sale of partial interest in subsidiary (note 25) | 0 | 148,990
Changes in non-cash working capital related to financing activities (note 17(a)) | 68,750 | 1,771
Cash flows from (used in) financing activities | (551,418) | (508,534)
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES |  |
Property, plant and equipment | (178,464) | (145,701)
Geismar plant under construction | (269,989) | (431,680)
Changes in non-cash working capital related to investing activities (note 17(a)) | (60,130) | 24,244
Cash flows from (used in) investing activities | (508,583) | (553,137)
Decrease in cash and cash equivalents | (399,732) | (74,322)
Cash and cash equivalents, beginning of year | 857,747 | 932,069
Cash and cash equivalents, end of year | $ 458,015 | $ 857,747

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- Definition Increase (Decrease) ln Working Capital, Investing Activities + References No definition available. + Details
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Data Type: | xbrli:monetaryItemType
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- Definition Payment From Restricted Cash, Debt Service + References No definition available. + Details
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Namespace Prefix: | mx_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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- Definition Proceeds From Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss Of Control And From Contributions Of Non-controlling Interests + References No definition available. + Details
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Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

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- Definition Purchases For Construction In Progress + References No definition available. + Details
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Namespace Prefix: | mx_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
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