| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM / (USED IN) OPERATING ACTIVITIES | ||||||
Net income (loss) | ||||||
375,097 | -28,225 | |||||
Deduct earnings of associate | ||||||
75,995 | 19,930 | |||||
Dividends received from associate | ||||||
84,553 | 47,325 | |||||
Add (deduct) non-cash items: | ||||||
Depreciation and amortization | ||||||
232,225 | 228,054 | |||||
Income tax expense (recovery) | ||||||
95,788 | -9,279 | |||||
Share-based compensation expense | ||||||
78,821 | 33,493 | |||||
Finance costs | ||||||
94,955 | 90,060 | |||||
Other | ||||||
4,033 | 1,559 | |||||
Income taxes paid | ||||||
35,890 | 5,241 | |||||
Other cash payments, including share-based compensation | ||||||
-16,477 | -23,505 | |||||
Cash flows from operating activities before undernoted | ||||||
837,110 | 314,311 | |||||
Changes in non-cash working capital (note 16(a)) | ||||||
49,368 | 87,644 | |||||
Cash flows from / (used in) operating activities | ||||||
787,742 | 226,667 | |||||
CASH FLOWS FROM / (USED IN) FINANCING ACTIVITIES | ||||||
Payments for repurchase of shares | ||||||
286,120 | 0 | |||||
Dividend payments to Methanex Corporation shareholders | ||||||
101,497 | 98,797 | |||||
Interest paid | ||||||
86,041 | 82,965 | |||||
Net proceeds on issue of long-term debt | ||||||
0 | 65,700 | |||||
Repayment of long-term debt and financing fees | ||||||
56,997 | 48,417 | |||||
Finance leases | ||||||
6,880 | 5,144 | |||||
Equity contributions by non-controlling interests | ||||||
8,170 | 25 | |||||
Cash distributions to non-controlling interests | ||||||
4,330 | 1,410 | |||||
Proceeds on issue of shares on exercise of stock options | ||||||
3,059 | 1,506 | |||||
Cash flows from / (used in) financing activities | ||||||
-530,636 | -169,502 | |||||
CASH FLOWS FROM / (USED IN) INVESTING ACTIVITIES | ||||||
Property, plant and equipment | ||||||
103,170 | 99,881 | |||||
Other assets | ||||||
0 | 66 | |||||
Changes in non-cash working capital related to investing activities (note 16(a)) | ||||||
2,347 | -11,738 | |||||
Cash flows from / (used in) investing activities | ||||||
-105,517 | -88,209 | |||||
Increase (decrease) in cash and cash equivalents | ||||||
151,589 | -31,044 | |||||