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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES    
Net income (loss) $ 555,911 $ (125,327)
Deduct earnings of associate (97,743) (29,577)
Dividends received from associate 74,458 29,026
Add (deduct) non-cash items:    
Depreciation and amortization 363,084 357,129
Income tax expense (recovery) 110,427 (62,105)
Share-based compensation expense (recovery) (1,160) 55,253
Finance costs 144,406 164,837
Other (3,877) 13,151
Income taxes paid (57,941) (2,871)
Other cash payments, including share-based compensation (10,530) (3,357)
Cash flows from operating activities before undernoted 1,077,035 396,159
Changes in non-cash working capital (note 17(a)) (83,109) 64,923
Cash flows from/(used in) operating activities 993,926 461,082
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES    
Payments for repurchase of shares (62,898) 0
Dividend payments to Methanex Corporation shareholders (24,634) (36,004)
Interest paid (164,616) (165,450)
Net proceeds on issue of long-term debt 0 865,415
Repayment on Geismar 3 construction facility (173,000) 0
Repayment of long-term debt and financing fees (note 8) (62,381) (295,917)
Draw on revolving credit facility 0 300,000
Repayment of revolving credit facility 0 (300,000)
Repayment of lease obligations (101,054) (106,834)
Release of restricted cash relating to limited recourse debt facilities 28,926 (4,322)
Equity contributions by/acquisitions of non-controlling interests 650  
Equity contributions by/acquisitions of non-controlling interests   (1,214)
Distributions to non-controlling interests (110,406) (34,658)
Proceeds on issue of shares on exercise of stock options 252 204
Proceeds from other limited recourse debt 25,161 12,839
Changes in non-cash working capital related to financing activities (note 17(a)) (1,350) 0
Cash flows from/(used in) financing activities (642,650) 234,059
CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES    
Property, plant and equipment (103,485) (128,786)
Geismar plant under construction (141,952) (213,030)
Proceeds from sale of assets 0 9,828
Restricted cash for capital projects 0 1,772
Changes in non-cash working capital related to investing activities (note 17(a)) (7,611) 52,153
Cash flows from/(used in) investing activities (253,048) (278,063)
Increase in cash and cash equivalents 98,228 417,078
Cash and cash equivalents, beginning of year 833,841 416,763
Cash and cash equivalents, end of year $ 932,069 $ 833,841