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Supplemental Cash Flow Information
 12 Months Ended
Dec. 31, 2021
Disclosure of cash flow statement [text block] [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION

33. SUPPLEMENTAL CASH FLOW INFORMATION

Cash and cash equivalents were comprised of the following:

As at,

  

December 31,
2021

  

December 31,
2020

  

December 31,
2019

Cash

  

$

1,368,559

  

$

687,967

  

$

542,537

Short-term investments(1)

  

 

81,034

  

 

130,411

  

 

484,685

Cash and cash equivalents

  

$

1,449,593

  

$

818,378

  

$

1,027,222

____________

(1)      Consisted of short-term investments with an original maturity of three months or less or which are available on demand with no penalty for early redemption.

Income taxes paid, net of income taxes received was comprised of the following:

For the years ended December 31,

  

2021

  

2020

  

2019

Income taxes paid

  

$

(94,290

)

  

$

(53,842

)

  

$

(101,952

)

Income taxes received

  

 

48

 

  

 

399

 

  

 

6,497

 
   

$

(94,242

)

  

$

(53,443

)

  

$

(95,455

)

Interest paid, net of interest received was comprised of the following:

For the years ended December 31,

  

2021

  

2020

  

2019

Interest paid

  

$

(158,806

)

  

$

(188,969

)

  

$

(195,671

)

Interest received

  

 

4,373

 

  

 

8,997

 

  

 

19,559

 
   

$

(154,433

)

  

$

(179,972

)

  

$

(176,112

)

The reconciliation of the liabilities arising from financing activities were as follows:

 

Indebtedness

  

Satellite
performance
incentive payments

  

Lease
liabilities

Balance as at January 1, 2021

  

$

3,187,152

 

  

$

37,574

 

  

$

29,051

 

Cash outflows

  

 

—

 

  

 

(6,914

)

  

 

(2,178

)

Cash inflows

  

 

619,900

 

  

 

—

 

  

 

—

 

Debt issue costs

  

 

(6,834

)

  

 

—

 

  

 

—

 

Prepayment option at inception – 2026 Senior Secured
Notes

  

 

1,896

 

  

 

—

 

  

 

—

 

Amortization of deferred financing costs, prepayment options and loss on repayment

  

 

558

 

  

 

—

 

  

 

—

 

Non-cash additions

  

 

—

 

  

 

—

 

  

 

10,074

 

Interest paid

  

 

—

 

  

 

—

 

  

 

(1,499

)

Interest accrued

  

 

—

 

  

 

—

 

  

 

1,499

 

Non-cash disposals

  

 

—

 

  

 

—

 

  

 

(939

)

Impact of foreign exchange

  

 

(10,075

)

  

 

(316

)

  

 

(330

)

Balance as at December 31, 2021

  

$

3,792,597

 

  

$

30,344

 

  

$

35,678

 
 

Indebtedness

  

Satellite
performance
incentive
payments

  

Lease
liabilities

Balance as at January 1, 2020

  

$

3,712,799

 

  

$

46,951

 

  

$

28,582

 

Cash outflows

  

 

(453,592

)

  

 

(9,031

)

  

 

(1,793

)

Loss on repayment (Note 24)

  

 

2,284

 

  

 

—

 

  

 

—

 

Amortization of deferred financing costs, prepayment options and loss on repayment

  

 

428

 

  

 

—

 

  

 

—

 

Non-cash additions

  

 

—

 

  

 

—

 

  

 

2,788

 

Interest paid

  

 

—

 

  

 

—

 

  

 

(1,649

)

Interest accrued

  

 

—

 

  

 

—

 

  

 

1,349

 

Other

  

 

—

 

  

 

182

 

  

 

(91

)

Impact of foreign exchange

  

 

(74,767

)

  

 

(528

)

  

 

(135

)

Balance as at December 31, 2020

  

$

3,187,152

 

  

$

37,574

 

  

$

29,051

 
 

Indebtedness

  

Satellite
performance
incentive
payments

  

Lease
liabilities

Balance as at January 1, 2019

  

$

3,724,228

 

  

$

58,913

 

  

$

369

 

Cash outflows

  

 

(3,743,465

)

  

 

(9,644

)

  

 

(1,252

)

Cash inflows

  

 

3,786,082

 

  

 

—

 

  

 

—

 

Write-off of deferred financing costs, interest rate floor, prepayment option and net gain on repricing/repayment (Note 24)

  

 

107,065

 

  

 

—

 

  

 

—

 

Amortization of deferred financing costs, interest rate floor, prepayment options and net gain on repricing/repayment

  

 

22,461

 

  

 

—

 

  

 

—

 

Debt issue costs

  

 

(28,082

)

  

 

—

 

  

 

—

 

Debt issue costs accrued

  

 

(573

)

  

 

—

 

  

 

—

 

Prepayment option at inception – Senior Notes

  

 

17,829

 

  

 

—

 

  

 

—

 

Prepayment option at inception – Senior Secured Notes

  

 

10,562

 

  

 

—

 

  

 

—

 

Cumulative effect adjustment(1)

  

 

—

 

  

 

—

 

  

 

26,851

 

Non-cash additions

  

 

—

 

  

 

—

 

  

 

2,775

 

Interest paid

  

 

—

 

  

 

—

 

  

 

(984

)

Interest accrued

  

 

—

 

  

 

—

 

  

 

1,288

 

Other

  

 

—

 

  

 

296

 

  

 

(236

)

Impact of foreign exchange

  

 

(183,308

)

  

 

(2,614

)

  

 

(229

)

Balance as at December 31, 2019

  

$

3,712,799

 

  

$

46,951

 

  

$

28,582

 

____________

(1)      Relates to the impact of the implementation of IFRS 16, Leases

The net change in operating assets and liabilities was comprised of the following:

For the years ended December 31,

  

2021

  

2020

  

2019

Trade and other receivables

  

$

(55,426

)

  

$

(4,173

)

  

$

(16,113

)

Financial assets

  

 

3,206

 

  

 

161

 

  

 

(3,897

)

Other assets

  

 

(21,017

)

  

 

(7,286

)

  

 

(13,183

)

Trade and other payables

  

 

14,071

 

  

 

1,860

 

  

 

1,685

 

Financial liabilities

  

 

4,210

 

  

 

(651

)

  

 

(2,125

)

Other liabilities

  

 

(3,669

)

  

 

25,107

 

  

 

19,691

 
   

$

(58,625

)

  

$

15,018

 

  

$

(13,942

)

Non-cash investing activities were comprised of:

For the years ended December 31,

  

2021

  

2020

  

2019

Satellite, property and other equipment

  

$

10,406

 

  

$

2,963

  

$

29,234

 

Intangible assets

  

$

—

 

  

$

—

  

$

(3,263

)

C-band clearing proceeds

  

$

(64,289

)

  

$

—

  

$

—