XML 82 R9.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated statements of cash flows - CAD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating activities    
Net earnings $ 171,842,000 $ 360,816,000
Adjustments for:    
Depreciation and amortization 280,702,000 220,324,000
Deferred sales 61,180,000 (21,468,000)
Unrealized loss (gain) on derivatives 149,629,000 (61,658,000)
Share-based compensation 6,775,000 3,692,000
Loss on disposal of assets 1,042,000 2,188,000
Finance costs 147,171,000 115,869,000
Finance income (21,228,000) (111,670,000)
Share of loss (earnings) from equity-accounted investees 10,844,000 (154,462,000)
Other income (307,000) (546,000)
Foreign exchange gains (65,517,000) (15,692,000)
Other operating income (37,683,000) (7,509,000)
Income tax expense 84,874,000 126,337,000
Interest received 21,228,000 113,797,000
Income taxes received (paid) (38,486,000) 70,372,000
Dividends from equity-accounted investee 185,447,000 113,642,000
Other operating items (52,225,000) (65,896,000)
Net cash provided by operations 905,288,000 688,136,000
Investing activities    
Additions to property, plant and equipment (211,635,000) (153,631,000)
Acquisition 0 (3,028,977,000)
Decrease in short-term investments 0 1,136,687,000
Decrease in long-term receivables, investments and other 4,816,000 1,000,000
Proceeds from sale of property, plant and equipment 377,000 69,000
Net cash used in investing (206,442,000) (2,044,852,000)
Financing activities    
Increase in long-term debt 497,022,000 816,582,000
Decrease in long-term debt (1,041,590,000) 0
Interest paid (88,818,000) (40,798,000)
Proceeds from issuance of shares, stock option plan 16,656,000 27,537,000
Lease principal payments (2,051,000) (2,430,000)
Dividends paid (69,641,000) (52,079,000)
Net cash provided by (used in) financing (688,422,000) 748,812,000
Increase (decrease) in cash and cash equivalents, during the year 10,424,000 (607,904,000)
Exchange rate changes on foreign currency cash balances 23,229,000 31,039,000
Cash and cash equivalents, beginning of year 566,809,000 1,143,674,000
Cash and cash equivalents, end of year 600,462,000 566,809,000
Cash and cash equivalents is comprised of:    
Cash 204,715,000 229,732,000
Cash equivalents $ 395,747,000 $ 337,077,000