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STATEMENTS OF CASH FLOWS - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOW FROM (USED IN) OPERATING ACTIVITIES    
Net profit (loss) $ (146,339) $ (91,363)
Adjustments for:    
Depletion, depreciation and impairment (note 9) 107,426 133,802
(Gain) loss on dispositions (note 7) (8,164) 56,672
Loss on onerous contracts (note 11) 5,362 0
Accretion on decommissioning obligations (note 10) 1,328 1,287
Non-cash financing and accretion 5,035 4,803
Share-based compensation (note 14) (393) 699
Unrealized (gain) loss on commodity contracts (note 6) 18,082 (45,238)
Unrealized foreign exchange (gain) loss (note 17) 15,195 (18,298)
Loss on marketable securities 0 461
Deferred tax expense (recovery) (note 15) 48,295 15,415
(Gain) loss on Senior Notes settlements (6,145) 0
Realized foreign exchange on Senior Note Settlements (note 7) 8,343 0
Decommissioning costs incurred (note 10) (2,242) (2,758)
Change in non-cash working capital (note 21) 16,692 (272)
Cash flows from (used in) operating activities 62,475 55,210
CASH FLOW FROM (USED IN) FINANCING ACTIVITIES    
Issuance of Second Lien Notes (note 7) 39,815 0
Transaction costs on Senior Note exchange (3,617) 0
Issuance of share capital, net of issue costs (note 12) 615 4
Settlement of share based payments (457) (1,246)
Advances from (repayment of) loans and borrowings (4,303) 32,923
Financing obligations (note 11) (2,675) (7,558)
Deferred lease inducements (note 11) (332) (366)
Deferred capital obligations (note 11) (3,795) (14,693)
Change in non-cash working capital (note 21) (6,371) 16,353
Cash flows from (used in) financing activities 18,880 25,417
CASH FLOW FROM (USED IN) INVESTING ACTIVITIES    
Expenditure on exploration and evaluation assets (note 8) (577) (1,664)
Additions to property, plant and equipment (note 9) (69,515) (121,586)
Proceeds on sale of property, plant and equipment 1,106 48,370
Proceeds on sale of marketable securities 0 3,861
Change in non-cash working capital (note 21) (12,369) (9,608)
Cash flows from (used in) investing activities (81,355) (80,627)
Change in cash 0 0
Cash, beginning of year 0 0
Cash, end of year 0 0
Cash paid:    
Interest 35,018 33,930
Taxes $ 0 $ 0