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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES    
Net income $ 144,794 $ 250,245
Add (deduct) losses (earnings) of associates 33,857 (38,335)
Add dividends received from associates 0 32,181
Add (deduct) non-cash items:    
Depreciation and amortization 446,011 385,703
Income tax expense 58,445 29,841
Share-based compensation expense (recovery) (4,427) 23,973
Finance costs 219,691 132,634
Mark-to-market impact of Level 3 derivatives 4,432 (2,652)
Asset impairment charge 71,133 124,788
Other (11,624) (6,316)
Interest received 21,416 15,120
Income taxes paid (81,021) (52,544)
Other cash payments and receipts, including share-based compensation (34,121) (33,805)
Cash flows from operating activities before undernoted 868,586 860,833
Changes in non-cash working capital (note 17(a)) 146,974 (123,655)
Cash flows from/(used in) operating activities 1,015,560 737,178
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES    
Dividend payments to Methanex Corporation shareholders (53,552) (49,867)
Interest paid (197,591) (168,762)
Net proceeds on issue of long-term debt 545,965 585,393
Repayment of long-term debt and financing fees (note 8) (215,750) (322,378)
Repayment of lease obligations (133,433) (141,247)
Distributions to non-controlling interests (69,174) (40,642)
Changes in non-cash working capital related to financing activities (note 17(a)) (2,227) (66,043)
Cash flows used in financing activities (125,762) (203,546)
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES    
Property, plant and equipment (98,993) (101,259)
Geismar plant under construction 0 (72,813)
Proceeds from associates 9,465 88,971
Acquisition of OCI Methanol Business, net of cash acquired (note 27) (1,259,706) 0
Changes in non-cash working capital related to investing activities (note 17(a)) (7,143) (14,636)
Cash flows from (used in) investing activities (1,356,377) (99,737)
Increase (decrease) in cash and cash equivalents (466,579) 433,895
Cash and cash equivalents, beginning of year 891,910 458,015
Cash and cash equivalents, end of year $ 425,331 $ 891,910