| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Cash provided by (used in): | ||||||
Operating Activities | ||||||
Net earnings (loss) | ||||||
101,705 | 68,586 | |||||
Adjustments and items not affecting cash: | ||||||
Depreciation and amortization | ||||||
256,775 | 147,748 | |||||
Deferred taxes | ||||||
65,910 | 21,380 | |||||
Unrealized loss (gain) on derivative financial instruments | ||||||
-1,466 | 13,910 | |||||
Share-based compensation expense | ||||||
8,292 | 4,485 | |||||
Cost of equity funds used for construction purposes | ||||||
2,335 | 2,100 | |||||
Pension and post-employment contributions in excess of expense | ||||||
20,687 | 10,179 | |||||
Non-cash revenue and other income | ||||||
0 | 7,898 | |||||
Distributions received from equity investments, net of income | ||||||
2,420 | 485 | |||||
Other | ||||||
740 | 4,731 | |||||
Changes in non-cash operating items (note 19) | ||||||
85,011 | -16,146 | |||||
Net Cash Provided by (Used in) Operating Activities, Total | ||||||
329,275 | 229,474 | |||||
Financing Activities | ||||||
Increase in long-term debt | ||||||
1,386,743 | 1,771,051 | |||||
Decrease in long-term debt | ||||||
2,365,805 | 51,678 | |||||
Issuance of convertible debentures, net of costs | ||||||
571,642 | 266,889 | |||||
Cash dividends on common shares | ||||||
127,530 | 88,491 | |||||
Dividends on preferred shares | ||||||
8,020 | 7,933 | |||||
Contributions from non-controlling interests | ||||||
248,229 | 9,990 | |||||
Production-based cash contributions from non-controlling interest | ||||||
7,930 | 6,857 | |||||
Distributions to non-controlling interests | ||||||
3,186 | 3,263 | |||||
Issuance of common shares, net of costs | ||||||
438,810 | 1,248 | |||||
Proceeds from settlement of derivative assets | ||||||
36,676 | 0 | |||||
Proceeds from exercise of share options | ||||||
9,563 | 14,215 | |||||
Shares surrendered to fund withholding taxes on exercised share options | ||||||
3,310 | 4,020 | |||||
Increase in other long-term liabilities | ||||||
25,448 | 4,894 | |||||
Decrease in other long-term liabilities | ||||||
-6,709 | -3,221 | |||||
Net Cash Provided by (Used in) Financing Activities, Total | ||||||
210,481 | 1,916,538 | |||||
Investing Activities | ||||||
Decrease (increase) in restricted cash | ||||||
-1,497,756 | 1,495,345 | |||||
Acquisitions of operating entities | ||||||
1,524,725 | 311,045 | |||||
Divestiture of operating entity | ||||||
83,863 | 0 | |||||
Additions to property, plant and equipment | ||||||
565,103 | 311,855 | |||||
Decrease (increase) in other assets | ||||||
7,239 | 15,429 | |||||
Receipt of principal on notes receivable | ||||||
0 | 239,970 | |||||
Increase in long-term investments | ||||||
63,656 | 261,423 | |||||
Net Cash Provided by (Used in) Investing Activities, Total | ||||||
-579,104 | -2,155,127 | |||||
Effect of exchange rate differences on cash and restricted cash | ||||||
597 | 1,164 | |||||
Decrease in cash and cash equivalents | ||||||
-38,751 | -7,951 | |||||
Algonquin Power & Utilities Corp. Unaudited Interim Consolidated Statements of Cash Flows Supplemental disclosure of cash flow information: (thousands of U.S. dollars) | ||||||
Cash paid during the period for interest expense | ||||||
166,773 | 99,836 | |||||
Cash paid during the period for income taxes | ||||||
8,633 | 9,955 | |||||
Non-cash financing and investing activities: | ||||||
Property, plant and equipment acquisitions in accruals | ||||||
112,959 | 108,960 | |||||
Issuance of common shares under dividend reinvestment plan and share-based compensation plans | ||||||
38,724 | 27,193 | |||||
Acquisition of equity investments in exchange for loan receivable and payable | ||||||
1,813 | 19,601 | |||||