| Sep'17 | Sep'16 | Sep'15 | Jun'13 | Jun'12 | Jun'11 | |
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net earnings (loss) | ||||||
48,377 | -184,034 | 20,490 | 127,154 | -6,749 | -34,862 | |
Items not involving cash: | ||||||
Depreciation and amortization | ||||||
49,835 | 52,701 | 51,528 | 42,840 | 42,284 | 32,818 | |
Share-based compensation (note 15) | ||||||
8,507 | 1,986 | 947 | 6,630 | 1,943 | 865 | |
Amortization of deferred financing fees | ||||||
2,605 | 3,385 | 3,799 | 2,266 | 2,205 | 1,423 | |
Amounts reclassified from other comprehensive loss to interest expense (note 19(c)) | ||||||
144 | 1,166 | 786 | 1,384 | 2,194 | 2,900 | |
Unrealized change in fair value of financial instruments | ||||||
11,483 | 20,921 | -17,017 | 102,988 | -51,354 | -53,798 | |
Equity income on investment (note 8) | ||||||
1,510 | -4,562 | 1,683 | -35 | - | - | |
Refinancing expenses | ||||||
0 | 905 | 1,616 | - | - | - | |
Operating leases (note 12) | ||||||
5,911 | 5,472 | 2,733 | - | - | - | |
Vessel impairments | ||||||
0 | 202,775 | 0 | - | - | - | |
Expenses related to customer bankruptcy | ||||||
0 | 18,883 | - | - | - | - | |
Expenses related to customer bankruptcy (note 4) | ||||||
- | - | 0 | - | - | - | |
Loss (gain) on disposals (note 6) | ||||||
6,606 | -16,487 | 0 | - | 9,773 | - | |
Other income | ||||||
- | - | 0 | - | - | - | |
Other | ||||||
107 | 7 | 1,771 | - | - | - | |
Changes in assets and liabilities: | ||||||
Accounts receivable | ||||||
-130 | 10,889 | 6,155 | - | - | - | |
Lease receivable | ||||||
-996 | -5,336 | -5,336 | - | - | - | |
Prepaid expenses | ||||||
2,481 | 3,744 | 2,746 | - | - | - | |
Accounts receivable and prepaid expenses | ||||||
- | - | - | -23,385 | -6,897 | 1,488 | |
Other assets and deferred charges | ||||||
2,494 | 2,836 | 3,661 | 951 | 6,344 | 2,810 | |
Accounts payable and accrued liabilities | ||||||
4,077 | 4,291 | -4,053 | 3,170 | 10,180 | 9,964 | |
Deferred revenue | ||||||
11,248 | 9,944 | 636 | -1,324 | -682 | 754 | |
Other long-term liabilities | ||||||
- | - | -22 | -40 | -1,314 | -3,139 | |
Fair value of financial instruments | ||||||
490 | 27,616 | 0 | - | - | - | |
Cash from operating activities | ||||||
95,051 | 66,916 | 82,873 | 101,561 | 92,195 | 60,223 | |
Financing activities: | ||||||
Preferred shares issued, net of issuance costs (note 13(b)) | ||||||
0 | 294,073 | 0 | - | - | - | |
Common shares issued, net of issuance costs (note 13(a)) | ||||||
22,102 | 0 | 0 | - | - | - | |
Draws on credit facilities | ||||||
0 | 0 | 142,500 | - | 69,997 | 387 | |
Repayment of credit facilities | ||||||
98,295 | 212,144 | 145,972 | 12,219 | 2,760 | - | |
Draws on long-term obligations under capital lease | ||||||
136,331 | 99,600 | - | - | - | - | |
Repayment of long-term obligations under capital lease | ||||||
6,619 | 6,225 | - | - | - | - | |
Draws on other long-term liabilities | ||||||
- | - | 0 | - | - | - | |
Repayment of other long-term liabilities | ||||||
- | - | 5,869 | - | - | 3,487 | |
Common shares repurchased, including related expenses | ||||||
0 | 0 | 0 | - | - | - | |
Preferred shares repurchased, including related expenses | ||||||
0 | 13 | 0 | - | - | - | |
Senior unsecured notes repurchased, including related expenses | ||||||
0 | 0 | - | - | - | - | |
Preferred shares repurchased, including related expenses (note 13) | ||||||
- | - | 1,020 | - | - | - | |
Other long-term liabilities (note 11) | ||||||
- | - | - | -9,787 | -8,335 | - | |
Shares repurchased, including related expenses (note 12(b)) | ||||||
- | - | - | - | 329 | - | |
Financing fees | ||||||
858 | 1,550 | 2,607 | 2,903 | -198 | 385 | |
Dividends on common shares | ||||||
7,701 | 38,284 | 36,105 | 11,266 | 14,811 | 9,375 | |
Dividends on preferred shares | ||||||
16,104 | 8,371 | 13,435 | 9,857 | 8,312 | 6,394 | |
Net proceeds from sale-leaseback of vessel | ||||||
0 | 100,000 | - | - | - | - | |
Proceeds from sale-leaseback of vessels | ||||||
- | - | 144,000 | - | - | - | |
Cash from (used in) financing activities | ||||||
28,856 | 227,086 | 81,492 | -46,032 | 35,648 | 85,026 | |
Expenditures for vessels | ||||||
139,364 | 106,755 | 148,297 | 33,065 | 77,640 | 208,704 | |
Short-term investments | ||||||
1 | -24 | -9,549 | 15,323 | -141 | - | |
Net proceeds from vessel disposals | ||||||
18,338 | 5,843 | 0 | - | - | - | |
Restricted cash | ||||||
-395 | 0 | 0 | 500 | -2,100 | -5,000 | |
Loans to affiliate (note 4) | ||||||
546 | 978 | 48,771 | - | - | - | |
Repayment of loans to affiliate (note 4) | ||||||
546 | 0 | 9,127 | - | - | - | |
Other assets | ||||||
-60 | 317 | 510 | 24,595 | 6,511 | - | |
Intangible assets | ||||||
- | - | - | - | - | 995 | |
Cash used in investing activities | ||||||
-120,572 | -102,183 | -178,902 | -73,483 | -81,910 | -204,699 | |
Increase (decrease) in cash and cash equivalents | ||||||
3,335 | 191,819 | -14,537 | -17,954 | 45,933 | -59,450 | |
Supplementary cash flow information (note 11) | ||||||
- | - | - | 0 | 0 | - | |