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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating Activities    
Net earnings $ 185,657 $ 727,828
Adjustments and items not affecting cash:    
Depreciation and amortization 402,963 314,123
Deferred taxes (50,662) 59,695
Unrealized gain on derivative financial instruments (5,609) (2,124)
Share-based compensation expense 8,395 24,637
Cost of equity funds used for construction purposes (637) (2,219)
Change in value of investments carried at fair value 122,419 (559,701)
Pension and post-employment expense in excess of (lower than) contributions (14,146) 2,182
Distributions received from equity investments, net of income 29,818 3,869
Other 1,290 14,406
Net change in non-cash operating items (note 23) (522,022) (77,479)
Net Cash Provided by (Used in) Operating Activities, Total 157,466 505,217
Financing Activities    
Increase in long-term debt 12,834,047 3,471,740
Repayments of long-term debt (12,895,091) (3,160,523)
Issuance of common shares, net of costs 985,619 820,767
Cash dividends on common shares (307,115) (253,762)
Dividends on preferred shares (9,003) (8,401)
Contributions from non-controlling interests and redeemable non-controlling interests (note 3) 1,125,548 3,717
Production-based cash contributions from non-controlling interest 4,832 3,371
Distributions to non-controlling interests, related party (note 16(b) and (c)) (28,007) (27,447)
Distributions to non-controlling interests (12,830) (11,417)
Payments upon settlement of derivatives (33,782) 0
Shares surrendered to fund withholding taxes on exercised share options (3,372) (5,274)
Repurchase of non-controlling interest 0 (76,046)
Increase in other long-term liabilities 62,000 18,342
Decrease in other long-term liabilities (49,130) (8,208)
Net Cash Provided by (Used in) Financing Activities, Total 1,673,716 766,859
Investing Activities    
Additions to property, plant and equipment and intangible assets (1,345,045) (786,030)
Increase in long-term investments (622,320) (279,188)
Acquisitions of operating entities 0 (402,784)
Increase in other assets (43,306) (21,419)
Receipt of principal on development loans receivable 206,319 244,285
Distributions received from equity investments 220 14,818
Other proceeds 6,023 415
Net Cash Provided by (Used in) Investing Activities, Total (1,798,109) (1,229,903)
Effect of exchange rate differences on cash and restricted cash (1,702) 573
Increase in cash, cash equivalents and restricted cash 31,371 42,746
Cash, cash equivalents and restricted cash, beginning of year 130,018 87,272
Cash, cash equivalents and restricted cash, end of year 161,389 130,018
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest expense 219,025 190,942
Cash paid during the year for income taxes 5,019 5,603
Cash received during the year for distributions from equity investments 124,143 121,506
Non-cash financing and investing activities:    
Property, plant and equipment acquisitions in accruals 103,427 74,505
Issuance of common shares under dividend reinvestment plan and share-based compensation plans 108,586 94,321
Property, plant and equipment, intangible assets and accrued liabilities in exchange of note receivable 90,821 27,611
Convertible Debentures    
Non-cash financing and investing activities:    
Issuance of common shares upon conversion of convertible debentures $ 0 $ 50