XML 66 R8.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES    
Net income (loss) for the year $ (326,701) $ 240,795
Add (deduct) items not affecting cash:    
Amortization of property, plant and mine development (note 10) 553,933 508,739
Deferred income and mining taxes (note 25) (30,961) 10,855
Stock-based compensation (note 17) 50,658 43,674
Impairment loss on equity securities (note 8)   8,532
Impairment loss (note 24) 389,693  
Foreign currency translation loss 1,991 13,313
Other 11,610 18,286
Adjustment for settlement of reclamation provision (4,685) (4,824)
Changes in non-cash working capital balances:    
Trade receivables 1,945 (3,815)
Income taxes (2,291) (31,913)
Inventories (52,316) (64,889)
Other current assets (18,326) (13,722)
Accounts payable and accrued liabilities 29,034 44,694
Interest payable 2,066 (2,168)
Cash provided by operating activities 605,650 767,557
INVESTING ACTIVITIES    
Additions to property, plant and mine development (note 10) (1,089,100) (874,153)
Acquisition (note 5) (162,479) (71,989)
Proceeds from sale of property, plant and mine development (note 10) 35,246  
Net sales (purchases) of short- term investments 4,839 (2,495)
Net proceeds from sale of equity securities (note 8) 17,499 333
Purchases of equity securities and other investments (note 8) (11,163) (51,724)
Decrease (increase) in restricted cash 790 (24)
Cash used in investing activities (1,204,368) (1,000,052)
FINANCING ACTIVITIES    
Dividends paid (83,961) (76,075)
Repayment of finance lease obligations (note 13(A)) (3,382) (5,252)
Proceeds from long- term debt (note 14) 300,000 280,000
Repayment of long- term debt (note 14) (300,000) (410,412)
Notes issuance (note 14) 350,000 300,000
Long- term debt financing costs (note 14) (3,215) (3,505)
Repurchase of common shares for stock-based compensation plans (notes 16 and 17(c,d)) (30,062) (24,684)
Proceeds on exercise of stock options (note 17(A)) 30,962 44,199
Common shares issued (note 16) 13,757 224,896
Cash provided by financing activities 274,099 329,167
Effect of exchange rate changes on cash and cash equivalents (6,533) (3,668)
Net (decrease) increase in cash and cash equivalents during the year (331,152) 93,004
Cash and cash equivalents, beginning of year 632,978 539,974
Cash and cash equivalents, end of year 301,826 632,978
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 91,079 78,885
Income and mining taxes paid $ 106,568 $ 127,915