XML 36 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net earnings $ 98.9 $ 105.5 [1],[2],[3] $ 138.3 [1],[2],[3]
Adjustments to net earnings for items not affecting cash:      
Depreciation and amortization 89.1 76.5 [3] 75.6 [3]
Equity-settled stock-based compensation (note 13) 33.4 30.1 [3] 33.0 [3]
Other charges (note 16) 1.4 5.7 [3] 21.2 [3]
Finance costs, net of refund interest income 24.4 10.1 [3] (4.3) [3]
Income tax expense (recovery) (17.0) 27.6 [3] 24.7 [3]
Other (7.5) (1.6) [3] (1.1) [3]
Changes in non-cash working capital items:      
Accounts receivable (155.4) (6.3) [3] (134.6) [3]
Inventories (224.0) (139.6) [3] (61.5) [3]
Other current assets 7.6 (2.0) [3] (5.3) [3]
Accounts payable, accrued and other current liabilities and provisions 227.0 51.8 [3] 75.4 [3]
Increase (decrease) in working capital (144.8) (96.1) [3] (126.0) [3]
Net income tax refund (paid), including related refund interest income (44.8) (30.8) [3] 11.9 [3]
Net cash provided by operating activities 33.1 127.0 [3] 173.3 [3]
Investing activities:      
Acquisitions (note 3) (467.1) 0.0 [3] (14.9) [3]
Purchase of computer software and property, plant and equipment [4] (82.2) (102.6) [3] (64.1) [3]
Proceeds from sale of assets 3.7 0.8 [3] 1.0 [3]
Repayment of advances from solar supplier (note 4) 0.0 12.5 [3] 14.0 [3]
Net cash used in investing activities (545.6) (89.3) [3] (64.0) [3]
Financing activities:      
Finance lease payments (note 12) (17.0) (6.5) [3] (4.5) [3]
Issuance of capital stock (note 13) 0.4 13.6 [3] 4.1 [3]
Repurchase of capital stock for cancellation (note 13) (75.5) (19.9) [3] (34.3) [3]
Purchase of treasury stock for stock-based plans (note 13) (22.4) (16.7) [3] (18.2) [3]
Finance costs paid (36.0) (10.2) [3] (9.5) [3]
Net cash provided by (used in) financing activities 419.3 (79.7) [3] (97.4) [3]
Net increase (decrease) in cash and cash equivalents (93.2) (42.0) [3] 11.9 [3]
Cash and cash equivalents, beginning of year [3] 515.2 [5] 557.2 545.3
Cash and cash equivalents, end of year 422.0 515.2 [3],[5] 557.2 [3]
Prior credit facility      
Financing activities:      
Borrowings under credit facility (note 12) 163.0 0.0 [3] 40.0 [3]
Repayments under credit facility (note 12) (350.5) (40.0) [3] (75.0) [3]
New credit facility      
Financing activities:      
Borrowings under credit facility (note 12) 759.0 0.0 [3] 0.0 [3]
Repayments under credit facility (note 12) $ (1.7) $ 0.0 [3] $ 0.0 [3]
[1] Certain prior period figures have been restated to reflect the adoption of IFRS 15 (see note 2)
[2] Certain prior period figures have been restated to reflect the adoption of IFRS 15 (see note 2)
[3] Certain prior period figures have been restated to reflect the adoption of IFRS 15 (see note 2)
[4] Additional equipment of $9.3 was acquired through finance leases in 2018 (2017 —$5.0; 2016 — $3.4). See notes 4, 8 and 12. Purchases of property, plant and equipment that were unpaid at December 31, 2018 were $14.4 (December 31, 2017 — $14.0; December 31, 2016 — $22.6).
[5] Certain prior period figures have been restated to reflect the adoption of IFRS 15 (see note 2)