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Changes in Non-Cash Working Capital
3 Months Ended
Jun. 30, 2013
Changes in Non-Cash Working Capital  
Changes in Non-Cash Working Capital

 

 

10. Changes in Non-Cash Working Capital

 

Changes in non-cash working capital for the three months ended June 30, 2013 and 2012 consists of the following:

 

 

 

Three Months Ended

 

 

 

June 30,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Margin deposits

 

$

11,551

 

$

(22,321

)

Trade receivables

 

960

 

2,110

 

Accrued receivables

 

77,427

 

22,920

 

Natural gas inventory

 

(45,693

)

7,216

 

Prepaid expenses and other current assets

 

1,538

 

(954

)

Other assets

 

(63

)

 

Trade payables

 

336

 

(489

)

Accrued liabilities

 

32,428

 

8,306

 

Deferred revenue

 

6,261

 

(11,235

)

Other long-term liabilities

 

(79

)

 

Total

 

$

84,666

 

$

5,553

 

 

During the three months ended June 30, 2012, changes in non-cash working capital include the receipt of proceeds of $14.2 million (June 30, 2013 - $ nil) from sales of cushion gas. The Company included such proceeds in cash flows from operations since the predominant source of cash flows for natural gas purchases and sales are operating in nature.