Financial risk management (Tables)

12 Months Ended

Dec. 31, 2023

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


As at	Dec 31 2023		Dec 31 2022
Fixed interest rate debt:
Unsecured notes	$	1,985,660	$	1,983,374
Other limited recourse debt facilities	156,141		168,139
	$	2,141,801	$	2,151,513

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, 2023	Carrying amount		Contractual cash flows		1 year or less		1-3 years		3-5 years		More than 5 years
Trade and other payables 1	$	659,723	$	659,723	$	659,723	$	—	$	—	$	—
Lease obligations 2	872,120		1,174,346		172,197		266,499		220,681		514,969
Other long-term liabilities2	28,014		53,348		2,200		4,400		4,400		42,348
Long-term debt 2	2,141,801		2,932,911		425,953		220,901		879,530		1,406,527
Cash flow hedges 3	91,653		99,720		65,034		17,771		5,537		11,378
	$	3,793,311	$	4,920,048	$	1,325,107	$	509,571	$	1,110,148	$	1,975,222

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