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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Activities    
Net earnings $ 484,950 $ 79,089
Adjustments and items not affecting cash:    
Depreciation and amortization 284,304 260,772
Deferred taxes 53,686 42,025
Unrealized gain on derivative financial instruments (15,237) (1,781)
Share-based compensation expense 11,042 7,495
Cost of equity funds used for construction purposes (4,896) (2,728)
Change in value of investments carried at fair value (276,458) 137,957
Pension and post-employment contributions in excess of expense (8,952) (6,354)
Distributions received from equity investments, net of income 7,487 5,698
Others 15,031 16,305
Changes in non-cash operating items (note 23) 60,303 (8,126)
Net Cash Provided by (Used in) Operating Activities, Total 611,260 530,352
Financing Activities    
Increase in long-term debt 3,614,758 2,015,533
Decrease in long-term debt (3,048,008) (1,699,592)
Issuance of common shares, net of costs 362,364 473,911
Cash dividends on common shares (196,391) (166,384)
Dividends on preferred shares (8,486) (8,027)
Contributions from non-controlling interests, related party (note 17) 96,752 305,000
Contributions from non-controlling interests and redeemable non-controlling interests (note 17) 3,403 15,250
Production-based cash contributions from non-controlling interest 3,565 13,860
Distributions to non-controlling interests, related party (note 16(b) and (c)) (38,718) 0
Distributions to non-controlling interests (12,251) (9,289)
Settlement of derivatives (8,732) 0
Proceeds from exercise of share options 0 4,504
Shares surrendered to fund withholding taxes on exercised share options (5,282) (2,088)
Increase in other long-term liabilities 10,175 9,403
Decrease in other long-term liabilities (39,783) (20,144)
Net Cash Provided by (Used in) Financing Activities, Total 733,366 931,937
Investing Activities    
Additions to property, plant and equipment and intangible assets (581,332) (466,369)
Increase in long-term investments (669,832) (1,005,072)
Acquisitions of operating entities (308,423) 0
Increase in other assets (16,690) (5,912)
Receipt of principal on development loans receivable 251,118 17,950
Decrease in long-term investments 1,000 1,158
Proceeds from sale of long-lived assets 0 2,912
Net Cash Provided by (Used in) Investing Activities, Total (1,324,159) (1,455,333)
Effect of exchange rate differences on cash and restricted cash 1,032 (606)
Increase in cash, cash equivalents and restricted cash 21,499 6,350
Cash, cash equivalents and restricted cash, beginning of year 65,773 59,423
Cash, cash equivalents and restricted cash, end of year 87,272 65,773
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest expense 171,548 155,309
Cash paid during the year for income taxes 14,543 9,652
Non-cash financing and investing activities:    
Property, plant and equipment acquisitions in accruals 98,231 45,154
Issuance of common shares under dividend reinvestment plan and share-based compensation plans 87,414 65,767
Sale of property, plant and equipment, intangible assets and accrued liabilities in exchange of note receivable 57,753 13,092
Convertible Debentures    
Non-cash financing and investing activities:    
Issuance of common shares upon conversion of convertible debentures $ 155 $ 468