| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Earnings | ||||||
436,000 | 183,000 | |||||
Items not affecting cash: | ||||||
Depreciation and amortization | ||||||
107,000 | 94,000 | |||||
Deferred income tax | ||||||
-9,000 | 57,000 | |||||
Gain on asset exchange | ||||||
0 | 16,000 | |||||
Loss on disposal of assets | ||||||
-12,000 | 0 | |||||
Other items | ||||||
-8,000 | -2,000 | |||||
Cash flows from (used in) operations | ||||||
538,000 | 316,000 | |||||
Net change in non-cash operating working capital balances | ||||||
18,000 | 5,000 | |||||
Net change in taxes receivable, taxes payable and investment tax credit receivable | ||||||
88,000 | 2,000 | |||||
Cash flows from (used in) operating activities | ||||||
608,000 | 313,000 | |||||
Investing activities | ||||||
Investment in property, plant and equipment | ||||||
240,000 | 95,000 | |||||
Investment in intangible assets | ||||||
4,000 | 6,000 | |||||
Proceeds received on asset exchange | ||||||
0 | 7,000 | |||||
Cash flows from (used in) investing activities | ||||||
-244,000 | -94,000 | |||||
Financing activities | ||||||
Common share dividends paid | ||||||
101,000 | 26,000 | |||||
Issue of common shares | ||||||
7,000 | 4,000 | |||||
Accounts receivable securitization repayments, net | ||||||
200,000 | 0 | |||||
Accounts receivable securitization repayments, net | ||||||
0 | -30,000 | |||||
Cash flows from (used in) financing activities | ||||||
-294,000 | -52,000 | |||||
Foreign exchange revaluation on cash and cash equivalents held | ||||||
10,000 | -15,000 | |||||
Increase during period | ||||||
80,000 | 152,000 | |||||