XML 16 R5.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed consolidated interim statements of cash flows - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating activities        
Net loss $ (130,500,000) $ (20,600,000) $ (205,200,000) $ (58,800,000)
Items not affecting cash        
Share-based compensation 3,800,000 4,000,000.0 10,700,000 15,500,000
Depreciation 4,600,000 3,300,000 12,300,000 7,800,000
Foreign exchange gain on translation (800,000) (1,400,000) (400,000) (1,500,000)
Foreign exchange gain on translation (10,900,000) (19,900,000) (17,500,000) (42,500,000)
Impairment 96,500,000 0 96,500,000 0
Interest expense 4,200,000 5,900,000 11,900,000 13,600,000
Interest paid (1,200,000) (800,000) (3,000,000.0) (1,700,000)
Interest received 3,400,000 2,300,000 13,300,000 3,800,000
Interest income (2,600,000) (3,800,000) (11,800,000) (5,300,000)
Cash flows from (used in) operations before changes in working capital (33,500,000) (31,000,000.0) (93,200,000) (69,100,000)
Changes in non-cash working capital items        
Accounts receivable (1,400,000) 2,900,000 2,000,000.0 2,300,000
Other receivables 600,000 (600,000) 4,900,000 (2,900,000)
Prepayments and deposits (3,200,000) 7,400,000 (13,400,000) (5,800,000)
Inventories (1,400,000) 1,800,000 4,400,000 (2,100,000)
Accounts payable and accrued liabilities 14,700,000 8,300,000 7,000,000.0 25,600,000
Deferred revenue (100,000) 0 5,300,000 0
Net cash used in operating activities (24,300,000) (11,200,000) (83,000,000.0) (52,000,000.0)
Investing activities        
Purchases of plant and equipment (177,300,000) (36,700,000) (340,900,000) (90,300,000)
Prepaid equipment and construction deposits 54,000,000.0 (21,500,000) 51,000,000.0 (50,800,000)
Net cash used in investing activities (123,300,000) (58,200,000) (289,900,000) (141,100,000)
Financing activities        
Restricted cash (2,200,000) 0 (2,200,000) 0
Proceeds from private share issuance, net of share issuance costs 0 0 0 49,700,000
Proceeds from convertible debt 0 0 0 198,700,000
Capital contribution from the holders of non-controlling interest 0 0 0 300,000
Purchase of non-controlling interest 0 0 (400,000) 0
Repayment of lease principal (1,600,000) (1,300,000) (5,000,000.0) (3,700,000)
Net cash (used in) from financing activities (3,800,000) (1,300,000) (7,600,000) 245,000,000.0
Net change in cash and cash equivalents (151,400,000) (70,700,000) (380,500,000) 51,900,000
Cash and cash equivalents, beginning of the period 288,800,000 686,300,000 517,900,000 563,700,000
Cash and cash equivalents, end of the period $ 137,400,000 $ 615,600,000 $ 137,400,000 $ 615,600,000