| Jun'18 | Jun'17 | |||||
|---|---|---|---|---|---|---|
Cash provided by (used in): | ||||||
Operating Activities | ||||||
Net earnings (loss) | ||||||
54,640 | 21,583 | |||||
Adjustments and items not affecting cash: | ||||||
Depreciation and amortization | ||||||
68,371 | 60,345 | |||||
Deferred taxes | ||||||
4,328 | 13,820 | |||||
Unrealized loss (gain) on derivative financial instruments | ||||||
5,059 | -454 | |||||
Share-based compensation expense | ||||||
2,037 | 1,645 | |||||
Cost of equity funds used for construction purposes | ||||||
724 | 436 | |||||
Change in value of investment carried at fair value | ||||||
15,033 | 0 | |||||
Pension and post-employment contributions in excess of expense | ||||||
195 | -6,213 | |||||
Distributions received from equity investments, net of income | ||||||
1,713 | 1,387 | |||||
Other | ||||||
-192 | -3,667 | |||||
Changes in non-cash operating items (note 19) | ||||||
-22,977 | 34,085 | |||||
Net Cash Provided by (Used in) Operating Activities, Total | ||||||
133,253 | 54,833 | |||||
Financing Activities | ||||||
Increase in long-term debt | ||||||
168,786 | 171,935 | |||||
Decrease in long-term debt | ||||||
539,928 | 355,692 | |||||
Issuance of convertible debentures, net of costs | ||||||
0 | 282 | |||||
Cash dividends on common shares | ||||||
36,582 | 37,306 | |||||
Dividends on preferred shares | ||||||
0 | 1,933 | |||||
Contributions from non-controlling interests | ||||||
0 | 166,153 | |||||
Production-based cash contributions from non-controlling interest | ||||||
2,593 | 1,114 | |||||
Distributions to non-controlling interests | ||||||
1,846 | 895 | |||||
Issuance of common shares, net of costs | ||||||
346,956 | 51 | |||||
Proceeds from settlement of derivative assets | ||||||
0 | 36,676 | |||||
Proceeds from exercise of share options | ||||||
0 | 0 | |||||
Shares surrendered to fund withholding taxes on exercised share options | ||||||
1,230 | 3,222 | |||||
Increase in other long-term liabilities | ||||||
5,164 | 4,589 | |||||
Decrease in other long-term liabilities | ||||||
-8,909 | -2,083 | |||||
Net Cash Provided by (Used in) Financing Activities, Total | ||||||
-64,996 | -20,331 | |||||
Investing Activities | ||||||
Acquisitions of operating entities | ||||||
0 | 0 | |||||
Divestiture of operating entity | ||||||
0 | 83,863 | |||||
Additions to property, plant and equipment | ||||||
83,096 | 142,769 | |||||
Decrease (increase) in other assets | ||||||
-436 | 1,506 | |||||
Increase in long-term investments | ||||||
13,122 | 10,588 | |||||
Proceeds from sale of long-lived assets | ||||||
-24 | 0 | |||||
Net Cash Provided by (Used in) Investing Activities, Total | ||||||
-95,806 | -71,000 | |||||
Effect of exchange rate differences on cash and restricted cash | ||||||
-215 | 129 | |||||
Decrease in cash, cash equivalents and restricted cash | ||||||
-27,764 | -36,369 | |||||
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 | ||||||
44,044 | 19,778 | |||||
Cash paid during the period for income taxes | ||||||
3,312 | 2,621 | |||||
Non-cash financing and investing activities: | ||||||
Property, plant and equipment acquisitions in accruals | ||||||
25,569 | 80,485 | |||||
Sale of property, plant and equipment in exchange of note receivable | ||||||
14,657 | 0 | |||||
Issuance of common shares under dividend reinvestment plan and share-based compensation plans | ||||||
13,880 | 10,816 | |||||