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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