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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES    
Net income $ 250,245 $ 284,122
Deduct earnings of associate (38,335) (99,466)
Add dividends received from associate 32,181 112,318
Add (deduct) non-cash items:    
Depreciation and amortization 385,703 391,830
Income tax expense 29,841 1,489
Share-based compensation expense 23,973 34,502
Finance costs 132,634 117,366
Mark-to-market impact of Level 3 derivatives (2,652) 0
Asset impairment charge 124,788 0
Other (6,316) (24,651)
Interest received 15,120 21,633
Income taxes paid (52,544) (81,922)
Other cash payments, including share-based compensation (33,805) (37,894)
Cash flows from operating activities before undernoted 860,833 719,327
Changes in non-cash working capital (note 17(a)) (123,655) (59,058)
Cash flows from/(used in) operating activities 737,178 660,269
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES    
Payments for repurchase of shares 0 (86,392)
Dividend payments to Methanex Corporation shareholders (49,867) (49,378)
Interest paid (168,762) (168,636)
Net proceeds on issue of long-term debt 585,393 0
Repayment of long-term debt and financing fees (note 8) (322,378) (12,280)
Repayment of lease obligations (141,247) (118,159)
Distributions to non-controlling interests (40,642) (185,336)
Proceeds on issue of shares on exercise of stock options 227 1,437
Restricted cash for debt service accounts 1,467 (1,424)
Changes in non-cash working capital related to financing activities (note 17(a)) (67,737) 68,750
Cash flows used in financing activities (203,546) (551,418)
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES    
Property, plant and equipment (101,259) (178,464)
Geismar plant under construction (72,813) (269,989)
Proceeds of share capital reduction from associate 12,643 0
Loan repayment from associate 76,328 0
Changes in non-cash working capital related to investing activities (note 17(a)) (14,636) (60,130)
Cash flows from (used in) investing activities (99,737) (508,583)
Increase (decrease) in cash and cash equivalents 433,895 (399,732)
Cash and cash equivalents, beginning of year 458,015 857,747
Cash and cash equivalents, end of year $ 891,910 $ 458,015