Agnico eagle mines ltd (AEM)
CashFlow / Quarterly
Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
OPERATING ACTIVITIES
Net income for the year

37,676

108,852

-453,316

47,311

-24,380

23,859

82,770

106,326

43,272

78,548

-601,430

-81,614

68,825

45,264

87,963

121,461

100,360

22,332

47,936

-16,966

1,227

54,341

Add (deduct) items not affecting cash:
Amortization of property, plant and mine development (note 10)

77,570

73,537

79,825

76,054

70,128

70,071

72,680

68,318

66,310

64,553

73,513

67,104

59,235

61,929

69,835

48,145

44,003

30,503

21,661

23,200

15,470

12,130

Deferred income and mining taxes (note 23)

1,607

6,732

-39,246

16,232

-562

7,026

25,358

21,398

15,069

10,320

-228,339

-73,348

17,035

8,879

20,226

33,176

431

13,095

18,422

9,816

17,209

-25,138

Gain on sale of available-for-sale securities (note 8)

5,016

273

-

-

-

-

-

-

-6,731

-

4,810

-6,865

534

6,428

9,905

5,407

3,716

459

-4,988

7,804

4,400

2,926

Stock-based compensation (note 18)

9,587

13,903

9,074

10,221

9,332

16,277

9,934

10,630

11,296

15,772

10,199

10,183

10,465

21,026

9,961

9,376

11,167

15,168

8,257

5,745

5,585

9,166

Impairment loss on available-for-sale securities (note 8)

2,419

-

5,665

299

17,313

10,995

-

600

11,581

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation loss

-8,666

8,340

6,233

-6,507

11,120

-3,658

4,453

-16,265

11,009

-15,517

-3,560

21,420

-2,713

-14,065

-10,377

-17,685

17,427

-8,901

-7,785

-22,875

-16,664

7,493

Other

-4,769

-260

-12,506

-303

-5,877

-5,131

-4,626

-3,812

-4,811

-2,799

-5,528

-7,572

-3,957

-5,935

-16,119

-3,968

4,081

2,991

430

1,685

2,004

1,095

Changes in non-cash working capital balances:
Trade receivables

-16,611

7,111

3,129

4,170

-10,525

2,776

-9,294

1,152

-15,000

14,993

-2,880

13,958

-6,745

-41,383

29,135

18,459

-7,826

-20,390

21,923

-6,504

17,314

15,197

Income taxes

3,109

30,459

2,687

6,137

-4,199

-3,908

-29,687

-891

24,013

19,869

-24,331

6,971

550

-13,057

9,697

-14,443

10,771

3,924

-1,273

-1,017

2,570

-593

Inventories

9,670

-25,512

-21,706

76,719

-3,789

-27,992

-6,811

53,210

9,295

-11,549

-23,827

12,631

37,667

16,595

19,393

30,303

16,068

25,542

-1,227

79,994

13,928

-1,923

Other current assets

18,431

-15,520

-26,490

29,081

15,091

5,765

-7,156

-1,898

8,955

-18,810

-2,788

23,567

9,525

-4,466

25,531

-7,406

7,918

2,686

-26,806

16,130

4,534

1,308

Accounts payable and accrued liabilities

73,725

-17,405

-50,340

23,464

24,283

-10,102

-49,550

17,265

41,209

-29,852

-34,202

17,183

51,727

-2,871

-37,403

44,643

28,487

-12,591

-9,109

36,628

9,840

-8,807

Interest payable

-7,157

7,017

-6,204

7,269

-7,607

6,166

-7,380

11,681

-9,892

9,837

-10,499

10,047

-10,705

10,770

-9,838

9,692

8,562

-339

197

983

-62

402

Cash provided by operating activities

197,709

247,729

135,944

80,982

75,298

146,072

105,964

199,464

194,082

196,497

132,028

197,570

162,821

174,766

94,613

156,829

161,574

74,491

53,701

-13,787

26,369

48,823

INVESTING ACTIVITIES
Additions to property, plant and mine development (note 10)

101,512

98,793

133,095

142,287

171,773

130,634

151,843

113,344

104,368

75,995

107,577

164,003

114,402

96,849

108,003

174,058

117,017

112,563

173,994

172,832

155,002

155,347

Net proceeds from sale of available-for-sale securities and other investments (note 8)

39,529

613

-

-

-

-

-

-

30,732

-

105

0

566

8,764

22,582

12,623

916

465

7,181

34,684

3,151

3,242

(Increase) decrease in restricted cash

7,375

-5,944

1,333

3,284

-818

-526

-11,427

1,303

-2,034

2,167

32,147

-245

1,521

-492

620

50

708

1,132

-24,919

-5,756

3,138

-3,462

Cash used in investing activities

-536,264

-105,621

-139,083

-145,629

-218,282

-141,479

-96,792

-121,837

-68,619

-88,908

-306,582

-247,772

-116,173

-89,957

-123,353

-163,798

-116,826

-119,329

-139,703

-136,756

-155,730

-155,422

FINANCING ACTIVITIES
Dividends paid

12,940

11,973

31,999

32,618

31,759

29,890

29,331

27,992

30,283

30,515

25,650

23,571

23,313

25,820

0

0

0

26,830

0

0

0

27,132

Repayment of finance lease obligations (note 13(a))

2,431

4,252

1,961

2,582

3,509

2,553

3,274

2,933

2,744

3,112

3,289

2,564

4,186

3,053

3,243

2,664

8,573

1,539

5,064

1,231

6,520

362

Proceeds from long- term debt (note 14)

730,000

-

50,000

150,000

50,000

40,000

-

-

255,000

-

-

125,000

80,000

-

-560,000

70,000

1,101,000

100,000

140,000

200,000

70,000

215,000

Repayment of long- term debt (note 14)

330,000

80,000

0

50,000

0

70,000

30,000

230,000

255,000

90,000

0

75,000

80,000

50,000

105,000

90,000

1,101,000

80,000

-

-

-

-

Notes issuance (note 14)

-

-

-

-

-

-

-

200,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long- term debt financing (note 14)

-

-

-

-

-

-

-

2,806

327

-

-

2,494

-

-

-

187

12,488

-

-

203

4,572

-

Common shares issued (note 16)

11,266

4,629

3,843

3,945

3,945

11,939

16,741

8,325

4,096

3,580

3,451

7,735

5,319

10,031

50,776

19,526

10,639

3,718

4,746

16,384

18,451

28,941

Cash provided by financing activities

395,895

-98,087

30,811

68,745

18,677

-69,504

14,136

-55,406

-29,258

-132,078

244,461

29,106

-22,180

-72,565

-14,445

531

-10,422

-1,646

37,534

217,590

88,247

216,447

Effect of exchange rate changes on cash and cash equivalents

1,658

-1,347

-682

634

-599

-872

318

1,751

-1,211

518

-885

-1,429

49

629

-2,447

-177

-134

-181

139

2,875

2,990

-1,419

Net increase in cash and cash equivalents during the year

58,998

42,674

26,990

4,732

-124,906

-65,783

23,626

23,972

94,994

-23,971

69,022

-22,525

24,517

12,873

-45,632

-6,615

34,192

-46,665

-48,329

69,922

-38,124

108,429

SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid (note 14)

22,305

8,151

22,261

7,344

21,715

6,832

21,889

2,344

23,887

4,093

21,090

5,439

23,075

3,229

24,465

3,534

4,708

8,722

7,464

6,216

1,987

1,522

Income and mining taxes paid

13,172

8,149

16,495

8,983

9,367

21,633

29,973

21,398

1,286

4,305

21,413

39,720

14,537

35,219

7,674

16,028

0

1,497

1,049

4,884

1,112

1,747

Gain on acquisition of Comaplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57,526

-

-

-

-

-

-

Loss on Goldex mine (note 17)

-

-

-

-

-

-

-

-

-

-

-

298,183

-

-

-

-

-

-

-

-

-

-

Loss on equity investment (note 14)

-2,325

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment for settlement of environmental remediation

-81

-934

-694

-2,845

-2,990

-2,552

-5,682

-3,476

-6,059

-6,232

-

-

-

-

-

-

-

-

-

-

-

-

Other taxes recoverable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,585

8,985

1,196

-

-688

3,962

-31,228

Equity investment (note 14)

464,902

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of Urastar Gold Corporation, net (note 14)

-

-

-

-

10,051

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of Grayd Resource Corporation (note 10)

-

-

-

-

-

-

0

0

0

9,322

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in short-term investments

2,004

-

50

-2,711

-2,308

-1,304

-998

6,480

-2,983

-579

3,619

481

-1,904

-2,201

1,541

1,895

-166

-8

-2,191

961

516

4,027

Purchase of available-for-sale securities and warrants (note 8)

0

13,385

4,776

2,769

39,584

12,675

0

710

0

2,003

297

83,533

2,720

4,565

35,771

418

183

6,107

0

3,403

225

2,752

Sale-leaseback financing

0

1,027

-

-

-

-

-

-

-

-

-

-

-

-

7,156

3,856

0

3,005

-

2,640

10,888

-

Repurchase of common shares for restricted share unit plan (note 6)

0

7,518

0

0

0

19,000

0

0

0

12,031

0

0

0

3,723

-

-

-

-

-

-

-

-