Agnico eagle mines ltd (AEM)
CashFlow / TTM
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

-259,477

-321,533

-406,526

129,560

188,575

256,227

310,916

-373,284

-561,224

-535,671

-568,955

120,438

323,513

355,048

332,116

292,089

153,662

54,529

86,538

0

0

0

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

306,986

299,544

296,078

288,933

281,197

277,379

271,861

272,694

271,480

264,405

261,781

258,103

239,144

223,912

192,486

144,312

119,367

90,834

72,461

0

0

0

Deferred income and mining taxes (note 23)

-14,675

-16,844

-16,550

48,054

53,220

68,851

72,145

-181,552

-276,298

-274,332

-275,773

-27,208

79,316

62,712

66,928

65,124

41,764

58,542

20,309

0

0

0

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

0

0

-

-

-

-

-

-

0

-

4,907

10,002

22,274

25,456

19,487

4,594

6,991

7,675

10,142

0

0

0

Stock-based compensation (note 18)

42,785

42,530

44,904

45,764

46,173

48,137

47,632

47,897

47,450

46,619

51,873

51,635

50,828

51,530

45,672

43,968

40,337

34,755

28,753

0

0

0

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

0

-

34,272

29,207

40,489

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation loss

-600

19,186

7,188

5,408

-4,350

-4,461

-16,320

-24,333

13,352

-370

1,082

-5,735

-44,840

-24,700

-19,536

-16,944

-22,134

-56,225

-39,831

0

0

0

Other

-17,838

-18,946

-23,817

-15,937

-19,446

-18,380

-16,048

-16,950

-20,710

-19,856

-22,992

-33,583

-29,979

-21,941

-13,015

3,534

9,187

7,110

5,214

0

0

0

Changes in non-cash working capital balances:
Trade receivables

-2,201

3,885

-450

-12,873

-15,891

-20,366

-8,149

-1,735

11,071

19,326

-37,050

-5,035

-534

-1,615

19,378

12,166

-12,797

12,343

47,930

0

0

0

Income taxes

42,392

35,084

717

-31,657

-38,685

-10,473

13,304

18,660

26,522

3,059

-29,867

4,161

-17,253

-7,032

9,949

-1,021

12,405

4,204

-313

0

0

0

Inventories

39,171

25,712

23,232

38,127

14,618

27,702

44,145

27,129

-13,450

14,922

43,066

86,286

103,958

82,359

91,306

70,686

120,377

118,237

90,772

0

0

0

Other current assets

5,502

2,162

23,447

42,781

11,802

5,666

-18,909

-14,541

10,924

11,494

25,838

54,157

23,184

21,577

28,729

-23,608

-72

-3,456

-4,834

0

0

0

Accounts payable and accrued liabilities

29,444

-19,998

-12,695

-11,905

-18,104

-1,178

-20,928

-5,580

-5,662

4,856

31,837

28,636

56,096

32,856

23,136

51,430

43,415

24,768

28,552

0

0

0

Interest payable

925

475

-376

-1,552

2,860

575

4,246

1,127

-507

-1,320

-387

274

-81

19,186

8,077

18,112

9,403

779

1,520

0

0

0

Cash provided by operating activities

662,364

539,953

438,296

408,316

526,798

645,582

696,007

722,071

720,177

688,916

667,185

629,770

589,029

587,782

487,507

446,595

275,979

140,774

115,106

0

0

0

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

475,687

545,948

577,789

596,537

567,594

500,189

445,550

401,284

451,943

461,977

482,831

483,257

493,312

495,927

511,641

577,632

576,406

614,391

657,175

0

0

0

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

0

0

-

-

-

-

-

-

0

-

9,435

31,912

44,535

44,885

36,586

21,185

43,246

45,481

48,258

0

0

0

(Increase) decrease in restricted cash

6,048

-2,145

3,273

-9,487

-11,468

-12,684

-9,991

33,583

32,035

35,590

32,931

1,404

1,699

886

2,510

-23,029

-28,835

-26,405

-30,999

0

0

0

Cash used in investing activities

-926,597

-608,615

-644,473

-602,182

-578,390

-428,727

-376,156

-585,946

-711,881

-759,435

-760,484

-577,255

-493,281

-493,934

-523,306

-539,656

-512,614

-551,518

-587,611

0

0

0

FINANCING ACTIVITIES
Dividends paid

89,530

108,349

126,266

123,598

118,972

117,496

118,121

114,440

110,019

103,049

98,354

72,704

49,133

25,820

26,830

26,830

26,830

26,830

27,132

0

0

0

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

11,226

12,304

10,605

11,918

12,269

11,504

12,063

12,078

11,709

13,151

13,092

13,046

13,146

17,533

16,019

17,840

16,407

14,354

13,177

0

0

0

Proceeds from long- term debt (note 14)

0

-

290,000

495,000

0

0

-

-

0

-

-

0

0

-

711,000

1,411,000

1,541,000

510,000

625,000

0

0

0

Repayment of long- term debt (note 14)

460,000

130,000

120,000

150,000

330,000

585,000

605,000

575,000

420,000

245,000

205,000

310,000

325,000

1,346,000

1,376,000

0

0

0

-

-

-

-

Notes issuance (note 14)

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long- term debt financing (note 14)

-

-

-

-

-

-

-

0

0

-

-

0

-

-

-

0

0

-

-

0

0

-

Common shares issued (note 16)

23,683

16,362

23,672

36,570

40,950

41,101

32,742

19,452

18,862

20,085

26,536

73,861

85,652

90,972

84,659

38,629

35,487

43,299

68,522

0

0

0

Cash provided by financing activities

397,364

20,146

48,729

32,054

-92,097

-140,032

-202,606

27,719

112,231

119,309

178,822

-80,084

-108,659

-96,901

-25,982

25,997

243,056

341,725

559,818

0

0

0

Effect of exchange rate changes on cash and cash equivalents

263

-1,994

-1,519

-519

598

-14

1,376

173

-3,007

-1,747

-1,636

-3,198

-1,946

-2,129

-2,939

-353

2,699

5,823

4,585

0

0

0

Net increase in cash and cash equivalents during the year

133,394

-50,510

-158,967

-162,331

-143,091

76,809

118,621

164,017

117,520

47,043

83,887

-30,767

-14,857

-5,182

-64,720

-67,417

9,120

-63,196

91,898

0

0

0

SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid (note 14)

60,061

59,471

58,152

57,780

52,780

54,952

52,213

51,414

54,509

53,697

52,833

56,208

54,303

35,936

41,429

24,428

27,110

24,389

17,189

0

0

0

Income and mining taxes paid

46,799

42,994

56,478

69,956

82,371

74,290

56,962

48,402

66,724

79,975

110,889

97,150

73,458

58,921

25,199

18,574

7,430

8,542

8,792

0

0

0

Gain on acquisition of Comaplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Loss on Goldex mine (note 17)

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Loss on equity investment (note 14)

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment for settlement of environmental remediation

-4,554

-7,463

-9,081

-14,069

-14,700

-17,769

-21,449

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other taxes recoverable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Equity investment (note 14)

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of Urastar Gold Corporation, net (note 14)

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of Grayd Resource Corporation (note 10)

-

-

-

-

-

-

9,322

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in short-term investments

0

-

-6,273

-7,321

1,870

1,195

1,920

6,537

538

1,617

-5

-2,083

-669

1,069

3,262

-470

-1,404

-722

3,313

0

0

0

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

20,930

60,514

59,804

55,028

52,969

13,385

2,713

3,010

85,833

88,553

91,115

126,589

43,474

40,937

42,479

6,708

9,693

9,735

6,380

0

0

0

Sale-leaseback financing

0

0

-

-

-

-

-

-

-

-

-

-

-

-

14,017

9,501

16,533

0

-

0

0

-

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

7,518

7,518

19,000

19,000

19,000

19,000

12,031

12,031

12,031

12,031

3,723

0

0

0

-

-

-

-

-

-

-

-