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Financial instruments and related risk management (Tables)
 12 Months Ended
Dec. 31, 2022
Fair value measurement, carrying amounts:  
Pre-tax exposure to foreign currency exchange risk
Carrying value
Currency
(Cdn)
Gain (loss)
Cash and cash equivalents
USD
$
414,683
$
20,734
Short-term investments
USD
886,020
44,301
Accounts receivable
USD
136,246
6,812
Accounts payable and accrued liabilities
USD
(176,746)
(8,837)
Net foreign currency derivatives
USD
(48,251)
(71,836)
Counterparty credit risk, as represented by the carrying amount of the financial assets
2022
2021
Cash and cash equivalents
$
1,143,674
$
1,247,447
Short-term investments
1,138,174
84,906
Accounts receivable [note 7]
178,088
272,220
Derivative assets [note 11]
2,807
32,098
Exposure to credit risk for trade receivables
Carrying
value
Investment grade credit rating
$
139,708
Non-investment grade credit rating
27,980
Total gross carrying amount
$
167,688
Loss allowance
-
Net
$
167,688
Aged trade receivables
Corporate
Other
customers
customers
Total
Current (not past due)
$
166,361
$
398
166,759
1-30 days past due
639
171
810
More than 30 days past due
99
20
119
Total
$
167,099
$
589
167,688
Liquidity risk, company's available debt facilities
The table below outlines the Company’s available debt facilities at December 31, 2022:
Outstanding and
Total amount
 
committed
 
Amount available
Unsecured revolving credit facility [note 14]
$
1,000,000
$
-
$
1,000,000
Letter of credit facilities [note 14]
1,756,754
1,593,379
163,375
Maturity analysis of financial liabilities
The tables below present a maturity analysis of Cameco’s financial liabilities, including principal and interest, based on the
expected cash flows from the reporting date to the contractual maturity date:
Due in
Carrying
Contractual
 
less than
Due in 1-3
Due in 3-5
Due after 5
 
amount
 
cash flows
 
1 year
 
years
 
years
 
years
Accounts payable and accrued liabilities
$
374,714
$
374,714
$
374,714
$
-
$
-
$
-
Long-term debt
997,000
1,000,000
-
500,000
400,000
100,000
Foreign currency contracts
51,058
51,058
23,476
27,582
-
-
Interest rate contracts
7,284
7,284
2,437
2,987
1,860
-
Lease obligation [note 15]
9,287
10,314
2,681
2,595
1,718
3,320
Total contractual repayments
$
1,439,343
$
1,443,370
$
403,308
$
533,164
$
403,578
$
103,320
Due in
 
less than
Due in 1-3
Due in 3-5
Due after 5
Total
 
1 year
 
years
 
years
 
years
Total interest payments on long-term debt
$
192,225
$
37,840
$
44,255
$
33,780
$
76,350
Carrying amounts and accounting classifications
At December 31, 2022
FVTPL
Amortized
cost
Total
Financial assets
Cash and cash equivalents
$
-
$
1,143,674
$
1,143,674
Short-term investments
-
1,138,174
1,138,174
Accounts receivable [note 7]
-
183,944
183,944
Derivative assets [note 11]
Foreign currency contracts
2,807
-
2,807
$
2,807
$
2,465,792
$
2,468,599
Financial liabilities
Accounts payable and accrued liabilities [note 13]
$
-
$
374,714
$
374,714
Lease obligation [note 15]
-
9,287
9,287
Derivative liabilities [note 15]
Foreign currency contracts
51,058
-
51,058
Interest rate contracts
7,284
-
7,284
Long-term debt [note 14]
-
997,000
997,000
58,342
1,381,001
1,439,343
Net
$
(55,535)
$
1,084,791
$
1,029,256
At December 31, 2021
FVTPL
Amortized
cost
Total
Financial assets
Cash and cash equivalents
$
-
$
1,247,447
$
1,247,447
Short-term investments
-
84,906
84,906
Accounts receivable [note 7]
-
276,139
276,139
Derivative assets [note 11]
Foreign currency contracts
31,534
-
31,534
Interest rate contracts
564
-
564
$
32,098
$
1,608,492
$
1,640,590
Financial liabilities
Accounts payable and accrued liabilities [note 13]
$
-
$
340,458
$
340,458
Lease obligation [note 15]
-
4,872
4,872
Derivative liabilities [note 15]
Foreign currency contracts
3,760
-
3,760
Interest rate contracts
1,237
-
1,237
Long-term debt [note 14]
-
996,250
996,250
4,997
1,341,580
1,346,577
Net
$
27,101
$
266,912
$
294,013
Cumulative gain or loss and fair value at derecognition of equity investments in equity instruments
Fair Value
Gain (loss)
Investment in Denison Mines Corp.
$
34,827
$
15,257
Investment in UEX Corporation
19,605
8,758
Investment in ISO Energy Ltd.
10,756
8,078
Investment in GoviEx
3,558
2,996
Other
265
(750)
$
69,011
$
34,339
Fair value of derivative instruments and classification
2022
2021
Non-hedge derivatives:
Foreign currency contracts
$
(48,251)
$
27,774
Interest rate contracts
(7,284)
(673)
Net
$
(55,535)
$
27,101
Classification:
Current portion of long-term receivables, investments and other [note 11]
$
1,331
$
22,652
Long-term receivables, investments and other [note 11]
1,476
9,446
Current portion of other liabilities [note 15]
(25,913)
(378)
Other liabilities [note 15]
(32,429)
(4,619)
Net
$
(55,535)
$
27,101
Carrying amounts and level 2 fair value measurement
As at December 31, 2022
Carrying value
Fair value
Derivative assets [note 11]
Foreign currency contracts
$
2,807
$
2,807
Derivative liabilities [note 15]
Foreign currency contracts
(51,058)
(51,058)
Interest rate contracts
(7,284)
(7,284)
Long-term debt [note 14]
(997,000)
(1,014,010)
Net
 
$
(1,052,535)
$
(1,069,545)
As at December 31, 2021
Carrying value
Fair value
Derivative assets [note 11]
Foreign currency contracts
$
31,534
$
31,534
Interest rate contracts
564
564
Derivative liabilities [note 15]
Foreign currency contracts
(3,760)
(3,760)
Interest rate contracts
(1,237)
(1,237)
Long-term debt [note 14]
(996,250)
(1,103,978)
Net
$
(969,149)
$
(1,076,877)
Summary of components of non-hedge derivative gains losses
The following table summarizes the different components of the gains (losses) on derivatives included in net earnings:
2022
2021
Non-hedge derivatives:
Foreign currency contracts
$
(66,360)
$
13,202
Interest rate contracts
(6,589)
(673)
Net
$
(72,949)
$
12,529