| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Cash generated from (used in) operating activities: | ||||||
Loss for the year | ||||||
163,899 | -35,193 | |||||
Tax expense (recovery) | ||||||
34,829 | 40,798 | |||||
Items not affecting cash: | ||||||
Depreciation and amortization | ||||||
293,235 | 299,134 | |||||
Share-based payment expense (recovery) | ||||||
15,919 | 9,887 | |||||
Net finance expense | ||||||
100,179 | 164,279 | |||||
Change in fair value of derivatives | ||||||
-1,790 | 1,238 | |||||
Change in deferred revenue related to stream | ||||||
-48,958 | -65,762 | |||||
Change in taxes receivable/payable, net | ||||||
39,326 | 3,666 | |||||
Unrealized (gain) loss on warrants | ||||||
-1,051 | 2,111 | |||||
Pension and other employee benefit payments, net of accruals | ||||||
-3,142 | 11,120 | |||||
(Gain) loss on available-for-sale investments | ||||||
1,970 | -373 | |||||
Asset and goodwill impairment losses | ||||||
11,320 | 0 | |||||
Other and foreign exchange | ||||||
4,230 | 2,625 | |||||
Taxes paid | ||||||
10,617 | 13,614 | |||||
Operating cash flow before change in non-cash working capital | ||||||
530,561 | 387,868 | |||||
Change in non-cash working capital | ||||||
-9,015 | -87,206 | |||||
Net cash flows from (used in) operating activities | ||||||
539,576 | 475,074 | |||||
Cash generated from (used in) investing activities: | ||||||
Acquisition of property, plant and equipment | ||||||
249,763 | 192,822 | |||||
Acquisition of investments | ||||||
2,245 | 359 | |||||
Release of (addition to) restricted cash | ||||||
16,854 | 45,913 | |||||
Net interest received (paid) | ||||||
890 | 212 | |||||
Net cash flows from (used in) investing activities | ||||||
-234,264 | -147,056 | |||||
Cash generated from (used in) financing activities: | ||||||
Long-term debt borrowing, net of transaction costs paid | ||||||
25,000 | 62,247 | |||||
Principal repayments | ||||||
281,439 | 176,490 | |||||
Net refinancing of senior unsecured notes | ||||||
0 | 21,194 | |||||
Interest paid | ||||||
52,743 | 126,520 | |||||
Financing costs | ||||||
26,597 | 21,763 | |||||
Payment of finance lease | ||||||
7,509 | 2,897 | |||||
Sale leaseback | ||||||
67,275 | 0 | |||||
Net proceeds from issuance of equity | ||||||
186,852 | 11,719 | |||||
Dividends paid | ||||||
3,686 | 3,567 | |||||
Net cash flows from (used in) financing activities | ||||||
-92,847 | -236,077 | |||||
Effect of movement in exchange rates on cash and cash equivalents | ||||||
-2,830 | 1,071 | |||||
Net increase (decrease) in cash and cash equivalents | ||||||
209,635 | 93,012 | |||||