| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income (loss) from operations | ||||||
-860 | -12,721 | |||||
Adjustments for: | ||||||
Items not affecting cash: | ||||||
Depletion, depreciation and amortization | ||||||
58,236 | 45,711 | |||||
Share-based compensation | ||||||
-1,198 | -819 | |||||
Interest expense and other finance costs | ||||||
3,263 | 3,676 | |||||
Loss on spin out of Plexmar net assets | ||||||
4,412 | - | |||||
NRV adjustment to inventory | ||||||
2,106 | - | |||||
Current income tax expense | ||||||
23,416 | 9,629 | |||||
Deferred income tax recovery | ||||||
-13,068 | -3,872 | |||||
Unrealized foreign currency exchange gain (loss) | ||||||
619 | 1,061 | |||||
Operating cash flows before movements in working capital | ||||||
79,785 | 44,303 | |||||
Net changes in non-cash working capital items | ||||||
7,899 | 1,523 | |||||
Cash received from deferred revenue | ||||||
- | 4,904 | |||||
Decomissioning liabilities settled | ||||||
-1,423 | -468 | |||||
Income taxes paid | ||||||
15,994 | 3,576 | |||||
Cash generated from operating activities | ||||||
54,469 | 43,640 | |||||
Cash flows from investing activities | ||||||
Capital expenditures | ||||||
51,607 | 25,352 | |||||
Cash used in investing activities | ||||||
-51,607 | -25,352 | |||||
Cash flows from (used in) financing activities | ||||||
Proceeds from issuance of notes payable | ||||||
14,750 | 3,750 | |||||
Proceeds from issuance of loans and credit facilities | ||||||
15,000 | 20,000 | |||||
Repayment of loans and credit facilities | ||||||
44,516 | 20,545 | |||||
Loans interest paid | ||||||
2,953 | 3,674 | |||||
Dividends paid to non-controlling interest | ||||||
3,372 | 495 | |||||
Cash from (used in) financing activities | ||||||
-21,091 | -964 | |||||
Effect of foreign exchange rate changes on cash and cash equivalents | ||||||
-38 | -281 | |||||
Increase (decrease) in cash and cash equivalents | ||||||
-18,267 | 17,043 | |||||