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Capital Structure (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure Of Objectives Policies And Processes For Managing Capital [Abstract]  
Summary of Net Debt to Adjusted EBITDA

A) Net Debt to Adjusted EBITDA

As at

June 30, 2018

 

 

December 31, 2017

 

Long-Term Debt

 

9,992

 

 

 

9,513

 

Less: Cash and Cash Equivalents

 

(376

)

 

 

(610

)

Net Debt

 

9,616

 

 

 

8,903

 

 

 

 

 

 

 

 

 

Net Earnings (Loss)

 

(534

)

 

 

3,366

 

Add (Deduct):

 

 

 

 

 

 

 

Finance Costs

 

731

 

 

 

725

 

Interest Income

 

(41

)

 

 

(62

)

Income Tax Expense (Recovery)

 

(430

)

 

 

352

 

DD&A

 

2,384

 

 

 

2,030

 

E&E Impairment

 

894

 

 

 

890

 

Unrealized (Gain) Loss on Risk Management

 

879

 

 

 

729

 

Foreign Exchange (Gain) Loss, Net

 

163

 

 

 

(812

)

Revaluation (Gain)

 

-

 

 

 

(2,555

)

Re-measurement of Contingent Payment

 

422

 

 

 

(138

)

(Gain) Loss on Discontinuance

 

(1,591

)

 

 

(1,285

)

(Gain) Loss on Divestitures of Assets

 

(1

)

 

 

1

 

Other (Income) Loss, Net

 

(3

)

 

 

(5

)

Adjusted EBITDA (1)

 

2,873

 

 

 

3,236

 

 

 

 

 

 

 

 

 

Net Debt to Adjusted EBITDA

3.3x

 

 

2.8x

 

(1)Calculated on a trailing twelve-month basis. Includes discontinued operations.

Summary of Net Debt to Capitalization

 


B) Net Debt to Capitalization

As at

June 30, 2018

 

 

December 31, 2017

 

Net Debt

 

9,616

 

 

 

8,903

 

Shareholders’ Equity

 

19,003

 

 

 

19,981

 

 

 

28,619

 

 

 

28,884

 

Net Debt to Capitalization

 

34

%

 

 

31

%