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Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Operating activities          
Net earnings (loss) $ 159,041 $ (262,321) $ 38,736 $ (12,711)  
Adjustments and items not affecting cash:          
Depreciation and amortization 136,912 118,448 266,452 240,089  
Deferred taxes 41,453 (62,258) 25,046 (44,057)  
Initial value and changes in derivative financial instruments net of amortization (1,255) (4,882) (3,000) (9,851)  
Share-based compensation 5,172 3,199 10,282 3,895  
Cost of equity funds used for construction purposes (281) (568) (1,150) (1,226)  
Change in value of investments carried at fair value (172,904) 311,410 (14,572) 132,026  
Pension and post-employment expense in excess of (lower than) contributions (1,553) 2,176 2,429 119  
Distributions received from equity investments, net of income 9,799 5,588 34,269 3,554  
Other (note 16(c)) (10,736) 38,232 (7,556) 36,195  
Net change in non-cash operating items (note 20) 70,553 112,380 16,010 (53,356)  
Net cash provided by (used in) operating activities, total 236,201 261,404 366,946 294,677  
Financing activities          
Increase in long-term debt 468,230 224,664 2,383,349 654,648  
Repayments of long-term debt (1,250,081) (194,403) (2,751,033) (398,179)  
Net change in commercial paper (192,699) (1,187) (448,720) 91,613  
Issuance of common shares, net of costs 1,151,038 1,405 1,152,316 3,113  
Cash dividends on common shares (77,075) (75,493) (150,738) (171,386)  
Dividends on preferred shares (2,705) (2,080) (5,117) (4,172)  
Contributions from non-controlling interests and redeemable non-controlling interests (note 3) 0 98,955 60,545 98,955  
Production-based cash contributions from non-controlling interest 2,313 0 6,315 9,082  
Distributions to non-controlling interests (18,636) (20,746) (25,450) (33,084)  
Shares surrendered to fund withholding taxes on exercised share options (1,481) 0 (2,451) (568)  
Acquisition of non-controlling interest 0 0 (10,059) 0  
Increase in other long-term liabilities 2,738 6,695 9,370 11,125  
Decrease in other long-term liabilities (21,991) (255) (44,279) (20,329)  
Net cash provided by (used in) financing activities, total 59,651 37,311 174,048 228,518  
Investing activities          
Additions to property, plant and equipment and intangible assets (204,336) (245,209) (416,882) (414,958)  
Increase in long-term investments (62,288) (41,774) (78,181) (89,379)  
Divestiture of operating entity 11,827 0 29,548 0  
Increase in other assets (1,719) (130) (2,650) (1,980)  
Decrease in long-term investments 0 11,749 0 11,749  
Net cash provided by (used in) investing activities, total (256,516) (275,364) (468,165) (494,568)  
Effect of exchange rate differences on cash and restricted cash 151 369 (1,512) 872  
Increase in cash, cash equivalents and restricted cash 39,487 23,720 71,317 29,499  
Cash, cash equivalents and restricted cash, beginning of period 107,969 106,964 76,139 101,185 $ 101,185
Cash, cash equivalents and restricted cash, end of period 147,456 130,684 147,456 130,684 $ 76,139
Supplemental disclosure of cash flow information:          
Cash paid during the period for interest expense 96,783 75,489 206,412 178,201  
Cash paid (received) during the period for income taxes - net (note 15) (52,118) 2,097 (49,454) 4,138  
Cash received during the period for distributions from equity investments 27,081 28,331 53,469 56,611  
Non-cash financing and investing activities:          
Property, plant and equipment acquisitions in accruals 124,001 145,594 124,001 145,594  
Issuance of common shares under dividend reinvestment plan and share-based compensation plans 3,564 1,458 9,122 40,816  
Property, plant and equipment, intangible assets and accrued liabilities in exchange of notes receivable 141,171 0 160,916 0  
Related Party          
Financing activities          
Distributions to non-controlling interests, related party $ 0 $ (244) $ 0 $ (12,300)