XML 33 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operations:    
Net earnings (loss) $ 289,244 $ (34,293)
Adjustments for:    
Long-term compensation plans 6,659 60,094
Depreciation and amortization 297,557 279,035
Gain on asset disposals (24,469) (29,926)
Loss on asset decommissioning 9,592 0
Foreign exchange unrealized (866) 638
Finance charges 83,414 87,813
Income taxes (23,465) 20,150
Other (229) 542
Loss (gain) on investments and other assets 6,810 (12,452)
Gain on acquisition (25,761) 0
Loss on redemption and repurchase of unsecured senior notes (137) 0
Income taxes paid (3,103) (3,263)
Income taxes recovered 24 24
Interest paid (83,037) (85,678)
Interest received 1,176 310
Funds provided by operations 533,409 282,994
Changes in non-cash working capital balances (32,838) (45,890)
Cash provided by operations 500,571 237,104
Investments:    
Purchase of property, plant and equipment (224,960) (184,250)
Purchase of intangibles (1,789) 0
Proceeds on sale of property, plant and equipment 23,841 37,198
Proceeds from sale of investments and other assets 10,013 0
Business acquisitions, net (28,646) (10,200)
Purchase of investments and other assets (5,343) (617)
Receipt of finance lease payments 255 0
Changes in non-cash working capital balances 11,845 13,454
Cash used in investing activities (214,784) (144,415)
Financing:    
Issuance of long-term debt 162,649 144,889
Repayment of long-term debt (375,237) (250,749)
Repurchase of share capital (29,955) (10,010)
Lease payments (9,423) (7,134)
Issuance of common shares from the exercise of options 0 9,833
Cash used in financing activities (251,966) (113,171)
Effect of exchange rate changes on cash and cash equivalents (1,226) 1,481
Increase (decrease) in cash 32,595 (19,001)
Cash and cash equivalents, beginning of year 21,587 40,588
Cash and cash equivalents, end of year $ 54,182 $ 21,587