Annual report pursuant to Section 13 and 15(d)

AMAK FINANCIAL STATEMENTS - Statements of Cash Flows (Details)

v3.20.4
AMAK FINANCIAL STATEMENTS - Statements of Cash Flows (Details)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2020
USD ($)
Sep. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Sep. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2020
SAR (ر.س)
Dec. 31, 2019
USD ($)
Dec. 31, 2019
SAR (ر.س)
Dec. 31, 2018
USD ($)
Dec. 31, 2018
SAR (ر.س)
Net Cash Provided by (Used in) Operating Activities [Abstract]                            
Net Income (Loss) | $ $ (116) $ 22,432 $ (1,861) $ 10,720 $ (19,710) $ 581 $ 2,404 $ 1,751 $ 31,175   $ (14,974)   $ (2,332)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:                            
Amortization of deferred finance costs | $                 181   181   261  
Deferred Income Taxes | $                 14,553   (2,993)   (1,377)  
Changes in operating assets and liabilities:                            
Accounts receivable | $                 1,018   816   (1,485)  
Inventories | $                 680   2,914   1,911  
Accounts payable and accrued liabilities | $                 831   (4,944)   2,202  
Net Cash Provided by Operating Activities | $                 25,565   25,121   19,895  
Cash flows from investing activities:                            
Additions to property and equipment | $                 (13,351)   (10,079)   (25,285)  
Net Cash Provided by (Used in) Financing Activities [Abstract]                            
Borrowings from long-term debt | $                 20,000   2,000   18,177  
Payments on long-term debt | $                 (57,375)   (21,375)   (15,354)  
Net Cash (Used in) Provided by Financing Activities | $                 (31,375)   (19,680)   3,683  
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | $                 49,519   (590)   3,707  
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | $       $ 6,145       $ 6,735 6,145   6,735   3,028  
CASH AND CASH EQUIVALENTS AT END OF YEAR | $ $ 55,664       $ 6,145       55,664   6,145   6,735  
Supplemental cash flow information                            
Cash paid for interest | $                 2,266   4,731   4,560  
Cash paid for Zakat and income tax | $                 $ (11,069)   $ 53   $ (4,182)  
AMAK                            
Net Cash Provided by (Used in) Operating Activities [Abstract]                            
Net Income (Loss)                   ر.س (477,587)   ر.س (26,286,335)   ر.س (25,233,338)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:                            
Depreciation and amortization                   77,148,251   113,949,259   125,507,864
Accretion of deferred mine closure costs                   405,558   562,211   543,198
Amortization of deferred finance costs                   1,193,100   1,675,135   2,175,902
Deferred Income Taxes                   (4,217,658)   424,873   (7,224,929)
Forfeiture of non-refundable deposit                   1,429,670   0   0
Changes in operating assets and liabilities:                            
Accounts receivable                   20,954,547   (13,408,437)   (8,021,219)
Inventories                   (9,740,484)   10,593,780   (18,644,188)
Advances to contractors and other                   29,402,704   (30,884,252)   563,016
Accounts payable and accrued liabilities                   (1,919,339)   11,661,674   6,084,327
Zakat and income tax liability                   4,034,655   5,532,026   1,883,327
End-of-service indemnities                   1,149,029   1,231,003   1,131,360
Net Cash Provided by Operating Activities                   119,362,446   75,050,937   78,765,320
Cash flows from investing activities:                            
Additions to property and equipment                   (126,838,330)   (48,246,282)   (28,945,309)
Net Cash Provided by (Used in) Financing Activities [Abstract]                            
Issuance of share capital and premium                   0   0   2,453,580
Payments on capital lease obligations                   (1,714,305)   (1,059,694)   (72,788)
Repurchase of treasury stock                   (55,665,879)   (22,151,322)   0
Borrowings from long-term debt                   50,000,000   50,000,000   0
Payments on long-term debt                   0   (30,000,000)   0
Net advances to shareholders                   0   (2,859,341)   (53,015,844)
Net Cash (Used in) Provided by Financing Activities                   (7,380,184)   (6,070,357)   (50,635,052)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                   (14,856,068)   20,734,298   (815,041)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR                   52,244,794   31,510,496   32,325,537
CASH AND CASH EQUIVALENTS AT END OF YEAR                   37,388,726   52,244,794   31,510,496
Supplemental cash flow information                            
Cash paid for interest                   3,346,875   4,428,545   3,927,778
Cash paid for Zakat and income tax                   2,019,868   6,086,073   3,212,813
Supplemental disclosure of non-cash items                            
Assets acquired through capital lease obligations                   0   7,933,140   625,805
Advances to shareholders applied to treasury stock purchase                   ر.س 1,429,671   ر.س 52,562,028   ر.س 0