| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||
Net income (loss) | ||||||||
-188,000 | 271,000 | 424,000 | 1,212,000 | 293,000 | 853,000 | 749,000 | 196,000 | 516,000 |
Adjustments for non-cash items: | ||||||||
Depreciation and depletion | ||||||||
453,000 | 397,000 | 419,000 | 392,000 | 390,000 | 410,000 | 364,000 | 358,000 | 377,000 |
Impairment of intangible assets (note 13) | ||||||||
20,000 | - | 0 | - | 0 | - | 46,000 | - | - |
(Gain) loss on asset sales (note 4) | ||||||||
7,000 | 12,000 | 28,000 | 11,000 | -5,000 | 25,000 | 10,000 | 9,000 | 10,000 |
Inventory write-down to current market value (note 13) | ||||||||
281,000 | - | - | - | 0 | - | - | - | - |
Deferred income taxes and other | ||||||||
43,000 | 122,000 | 116,000 | -471,000 | -4,000 | 321,000 | 276,000 | 24,000 | 185,000 |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
-1,143,000 | -185,000 | -250,000 | -99,000 | 704,000 | -241,000 | 104,000 | 340,000 | -427,000 |
Inventories, materials, supplies and prepaid expenses | ||||||||
199,000 | 317,000 | -264,000 | 40,000 | -19,000 | -18,000 | 179,000 | -40,000 | 217,000 |
Income taxes payable | ||||||||
-104,000 | 70,000 | 8,000 | -9,000 | -28,000 | 54,000 | -78,000 | 16,000 | 16,000 |
Accounts payable and accrued liabilities | ||||||||
-1,028,000 | 364,000 | -82,000 | -175,000 | 903,000 | -866,000 | 78,000 | 439,000 | -415,000 |
All other items - net | ||||||||
-9,000 | 56,000 | -5,000 | -29,000 | -129,000 | 135,000 | -65,000 | -135,000 | -106,000 |
Cash flows from (used in) operating activities | ||||||||
423,000 | 1,024,000 | 1,376,000 | 1,026,000 | 1,003,000 | 871,000 | 1,207,000 | 859,000 | 985,000 |
Investing activities | ||||||||
Additions to property, plant and equipment | ||||||||
310,000 | 394,000 | 417,000 | 394,000 | 431,000 | 436,000 | 327,000 | 357,000 | 371,000 |
Proceeds from asset sales (note 4) | ||||||||
9,000 | 16,000 | 30,000 | 14,000 | 22,000 | 25,000 | 13,000 | 9,000 | 12,000 |
Loans to equity companies - net | ||||||||
7,000 | 21,000 | 26,000 | 49,000 | 54,000 | 52,000 | 38,000 | 31,000 | 6,000 |
Cash flows from (used in) investing activities | ||||||||
-308,000 | -399,000 | -413,000 | -429,000 | -463,000 | -463,000 | -352,000 | -379,000 | -365,000 |
Financing activities | ||||||||
Reduction in finance lease obligations (note 8) | ||||||||
7,000 | 7,000 | 7,000 | 6,000 | 7,000 | 7,000 | 7,000 | 7,000 | 6,000 |
Dividends paid | ||||||||
164,000 | 166,000 | 169,000 | 147,000 | 149,000 | 151,000 | 155,000 | 132,000 | 134,000 |
Common shares purchased (note 11) | ||||||||
274,000 | 301,000 | 343,000 | 368,000 | 361,000 | 410,000 | 418,000 | 893,000 | 250,000 |
Cash flows from (used in) financing activities | ||||||||
-445,000 | -438,000 | -519,000 | -521,000 | -517,000 | -568,000 | -580,000 | -1,032,000 | -390,000 |
Increase (decrease) in cash | ||||||||
-330,000 | 187,000 | 444,000 | 76,000 | 23,000 | -160,000 | 275,000 | -552,000 | 230,000 |