Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated and combined statements of cash flows

v3.21.1
Consolidated and combined statements of cash flows - MXN ($)
$ in Thousands
 12 Months Ended
Jan. 03, 2021
Dec. 31, 2019
Dec. 31, 2018
Statement of cash flows [abstract]      
Net income for the year $ 338,361 $ 472,142 $ 299,267
Adjustments for:      
Income tax expense 542,768 232,692 150,179
Depreciation and amortization of non-current assets and right of use assets 43,688 38,394 25,962
Interest expense recognized in profit or loss 80,253 85,429 86,343
Interest income recognized in profit or loss (10,930) (7,028) (6,707)
Loss (gain) on disposal of non-current assets 9,216 (11,970)
Share-based payment expense 32,910
Changes in fair value of warrants 851,520
Unrealized loss in valuation of derivative financial instruments 287,985 15,680 16,629
Total adjustments 2,175,771 837,309 559,703
(Decrease) increase in:      
Trade accounts receivable (510,719) (48,311) (50,843)
Trade accounts receivable from related parties 610 (610) 22
Inventory (928,472) (43,348) (160,312)
Prepaid expenses and other assets (95,532) (40,263) (31,329)
Accounts payable to suppliers and accrued expenses 1,604,591 101,857 238,927
Provisions 104,319 7,703 (3,496)
Value-added tax payable (3,596) 12,675 (2,909)
Statutory employee profit sharing 2,348 2,290 1,470
Employee benefits (743) 351 308
Income taxes paid (526,321) (224,207) (213,327)
Net cash provided by operating activities 1,822,256 605,446 338,214
Investing activities:      
Payments of fixed and intangible assets (617,686) (182,625) (21,268)
Proceeds from disposal of fixed assets 18,270 28,110
Interest received 10,930 7,028 6,707
Restricted cash (42,915)
Net cash (used in) provided by investing activities (631,401) (175,597) 13,549
Financing activities:      
Proceeds from borrowings 1,712,207 104,500 50,000
Repayment of borrowings (1,757,112) (83,041) (35,085)
Interest paid on borrowings (121,297) (82,654) (85,159)
Restricted cash 22,940 (2,001)
Lease payments (8,825) (12,325)
Cash received for issuance of shares 250,295
Dividends paid (830,000) (342,955) (235,124)
Payments made to shareholders (97,866)
Net cash used in financing activities (754,732) (395,535) (405,235)
Increase (decrease) in cash and cash equivalents 436,123 36,314 (53,472)
Cash and cash equivalents at the beginning of year 213,697 177,383 230,855
Cash and cash equivalents at the end of year $ 649,820 $ 213,697 $ 177,383