XML 46 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net earnings $ 70,300,000 $ 98,900,000 $ 105,500,000
Adjustments to net earnings for items not affecting cash:      
Depreciation and amortization 135,400,000 89,100,000 76,500,000
Equity-settled SBC 34,100,000 33,400,000 30,100,000
Other charges (recoveries) (86,100,000) 1,400,000 5,700,000
Finance costs 49,500,000 24,400,000 10,100,000
Income tax expense (recovery) 29,500,000 (17,000,000) 27,600,000
Other 24,200,000 (7,500,000) (1,600,000)
Changes in non-cash working capital items:      
Accounts receivable 153,700,000 (155,400,000) (6,300,000)
Inventories 97,700,000 (224,000,000) (139,600,000)
Other current assets 16,500,000 7,600,000 (2,000,000)
Accounts payable, accrued and other current liabilities and provisions (158,800,000) 227,000,000 51,800,000
Non-cash working capital changes 109,100,000 (144,800,000) (96,100,000)
Net income tax paid (21,000,000) (44,800,000) (30,800,000)
Net cash provided by operating activities 345,000,000 33,100,000 127,000,000
Investing activities:      
Acquisitions 2,700,000 (467,100,000) 0
Purchase of computer software and property, plant and equipment (80,500,000) (82,200,000) (102,600,000)
Proceeds from sale of assets 116,500,000 3,700,000 800,000
Repayment of advances from solar supplier 0 0 12,500,000
Net cash provided by (used in) investing activities 38,700,000 (545,600,000) (89,300,000)
Financing activities:      
Lease payments (38,200,000) (17,000,000) (6,500,000)
Issuance of capital stock 0 400,000 13,600,000
Repurchase of capital stock for cancellation (67,300,000) (75,500,000) (19,900,000)
Purchase of treasury stock for stock-based plans (9,200,000) (22,400,000) (16,700,000)
Finance costs and waiver fees paid [1] (46,500,000) (36,000,000) (10,200,000)
Net cash provided by (used in) financing activities (326,200,000) 419,300,000 (79,700,000)
Net increase (decrease) in cash and cash equivalents 57,500,000 (93,200,000) (42,000,000)
Cash and cash equivalents, beginning of year 422,000,000 515,200,000 557,200,000
Cash and cash equivalents, end of year 479,500,000 422,000,000 515,200,000
Payments for debt issue costs 2,900,000 12,900,000 0
Prior credit facility      
Financing activities:      
Borrowings under credit facility 0 163,000,000 0
Repayments under credit facility 0 (350,500,000) (40,000,000)
New credit facility      
Financing activities:      
Borrowings under credit facility 48,000,000 759,000,000 0
Repayments under credit facility $ (213,000,000) $ (1,700,000) $ 0
[1] Finance costs paid includes debt issuance costs paid of $2.9 in 2019 (2018 — $12.9; 2017 — nil). We paid $2.0 in fees in Q4 2019 in connection with obtaining the Q4 2019 Waivers (see note 12).