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Consolidated statements of cash flows - CAD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities    
Net earnings $ 73,941 $ 166,235
Adjustments for:    
Depreciation and amortization 275,749 327,973
Deferred charges (13,013) 10,683
Unrealized loss (gain) on derivatives (55,048) 74,295
Share-based compensation 14,342 14,976
Loss on disposal of assets 1,869 2,303
Finance costs 98,622 111,779
Finance income (29,760) (22,071)
Share of earnings from equity-accounted investee (45,360) (32,321)
Other expense (income) 18,961 (100,310)
Other operating expense 2,732 59,616
Income tax expense (recovery) 61,077 (126,306)
Interest received 30,944 18,311
Income taxes paid (18,589) (20,709)
Dividends from equity-accounted investee 14,079 0
Other operating items 96,478 183,062
Net cash provided by operations 527,024 667,516
Investing activities    
Additions to property, plant and equipment (75,211) (55,362)
Decrease (increase) in short-term investments 391,025 (391,025)
Decrease in long-term receivables, investments and other 120,913 33,508
Proceeds from sale of property, plant and equipment 679 1,249
Net cash provided by (used in) investing 437,406 (411,630)
Financing activities    
Decrease in long-term debt (500,000) 0
Interest paid (72,484) (72,976)
Proceeds from issuance of shares, stock option plan 81 0
Lease principal payments (2,904) 0
Dividends paid (31,613) (71,224)
Net cash used in financing (606,920) (144,200)
Increase in cash and cash equivalents, during the year 357,510 111,686
Exchange rate changes on foreign currency cash balances (6,607) 8,222
Cash and cash equivalents, beginning of year 711,528 591,620
Cash and cash equivalents, end of year 1,062,431 711,528
Cash and cash equivalents is comprised of:    
Cash 427,986 317,296
Cash equivalents $ 634,445 $ 394,232