XML 23 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating Activities    
Net earnings from continuing operations $ 79,089 $ 101,705
Adjustments and items not affecting cash:    
Depreciation and amortization 281,163 256,775
Deferred taxes 42,025 65,910
Unrealized (gain) loss on derivative financial instruments (1,781) 1,466
Share-based compensation expense 7,495 8,292
Cost of equity funds used for construction purposes (2,728) (2,335)
Change in value of investments carried at fair value 137,957 0
Pension and post-employment contributions in excess of expense (6,354) (20,687)
Distributions received from equity investments, net of income 5,698 2,420
Others (4,086) 740
Changes in non-cash operating items (note 22) (8,126) (87,719)
Net Cash Provided by (Used in) Operating Activities, Total 530,352 326,567
Financing Activities    
Increase in long-term debt 2,015,533 1,386,743
Decrease in long-term debt (1,699,592) (2,366,105)
Issuance of convertible debentures, net of costs 0 571,944
Cash dividends on common shares (166,384) (127,530)
Dividends on preferred shares (8,027) (8,020)
Contributions from non-controlling interests, related party (note 17) 305,000 0
Contributions from non-controlling interests (note 17) 15,250 248,229
Production-based cash contributions from non-controlling interest 13,860 7,930
Distributions to non-controlling interests (9,289) (3,186)
Issuance of common shares, net of costs 473,911 438,810
Proceeds from settlement of derivative assets 0 36,676
Proceeds from exercise of share options 4,504 9,563
Shares surrendered to fund withholding taxes on exercised share options (2,088) (3,310)
Increase in other long-term liabilities 9,403 28,010
Decrease in other long-term liabilities (20,144) (6,709)
Net Cash Provided by (Used in) Financing Activities, Total 931,937 213,045
Investing Activities    
Acquisitions of operating entities 0 (1,519,923)
Divestiture of operating entity 0 83,863
Additions to property, plant and equipment (466,369) (565,103)
Increase in other assets (5,912) (7,239)
Receipt of principal on notes receivable 17,950 0
Increase in long-term investments (1,005,072) (63,656)
Decrease in long-term investments 1,158
Proceeds from sale of long-lived assets 2,912 0
Net Cash Provided by (Used in) Investing Activities, Total (1,455,333) (2,072,058)
Effect of exchange rate differences on cash and restricted cash (606) 598
Increase (decrease) in cash, cash equivalents and restricted cash 6,350 (1,531,848)
Cash, cash equivalents and restricted cash, beginning of year 59,423 1,591,271
Cash, cash equivalents and restricted cash, end of year 65,773 59,423
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest expense 155,309 166,773
Cash paid during the year for income taxes 9,652 8,633
Non-cash financing and investing activities:    
Property, plant and equipment acquisitions in accruals 45,154 112,959
Issuance of common shares under dividend reinvestment plan and share-based compensation plans 65,767 38,724
Acquisition of equity investments in exchange for loan receivable and property, plant and equipment 13,092 5,368
Convertible Debentures    
Non-cash financing and investing activities:    
Issuance of common shares upon conversion of convertible debentures $ 468 $ 846,271