Financial risk management (Tables)

12 Months Ended

Dec. 31, 2022

The Company’s interest rate risk exposure is mainly related to undrawn credit facilities.


As at	Dec 31 2022		Dec 31 2021
Fixed interest rate debt:
Unsecured notes	$	1,983,374	$	1,981,199
Other limited recourse debt facilities	168,139		176,993
	$	2,151,513	$	2,158,192

Expected cash flows of financial liabilities by maturity date

The expected cash flows of financial liabilities from the date of the balance sheet to the contractual maturity date are as follows:


As at December 31, 2022	Carrying amount		Contractual cash flows		1 year or less		1-3 years		3-5 years		More than 5 years
Trade and other payables 1	$	641,338	$	641,338	$	641,338	$	—	$	—	$	—
Lease obligations 2	870,163		1,151,979		156,807		264,936		206,710		523,526
Other long-term liabilities2	28,514		55,548		2,200		4,400		4,400		44,548
Long-term debt 2	2,151,513		3,057,230		126,373		533,974		915,014		1,481,869
Cash flow hedges 3	8,466		9,182		2,050		7,132		—		—
	$	3,699,994	$	4,915,277	$	928,768	$	810,442	$	1,126,124	$	2,049,943

1 Excludes tax, accrued interest and euro foreign currency hedges.

2 Contractual cash flows include contractual interest payments related to debt obligations and lease obligations.

3 The expected cash flows of hedges are based on current valuations of the expected settlement amounts, which will fluctuate at settlement dependent on the market prices at the future settlement dates