XML 30 R8.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net loss $ (33,305) $ (308,155)
Adjustments and items not affecting cash:    
Depreciation and amortization 466,996 455,520
Deferred taxes (76,560) (69,356)
Initial value and changes in derivative financial instruments net of amortization (15,502) 2,462
Share-based compensation 10,397 10,920
Cost of equity funds used for construction purposes (3,366) (1,896)
Change in value of investments carried at fair value 229,988 499,125
Pension and post-employment expense lower than contributions (7,838) (15,329)
Distributions received from equity investments, net of income 11,730 23,829
Impairment of assets (notes 5 and 8(c)) 23,492 235,478
Other (notes 19(c), 19(e) and 19(f)) 108,338 8,116
Net change in non-cash operating items (note 23) (86,336) (221,618)
Net cash provided by (used in) operating activities, total 628,034 619,096
Financing activities    
Increase in long-term debt 3,033,503 4,622,937
Repayments of long-term debt (2,297,346) (3,326,519)
Net change in commercial paper 74,720 68,300
Issuance of common shares, net of costs 5,229 43,546
Cash dividends on common shares (322,468) (378,597)
Dividends on preferred shares (8,356) (8,720)
Contributions from non-controlling interests and redeemable non-controlling interests (note 3) 98,955 272,515
Production-based cash contributions from non-controlling interest 9,084 6,182
Distributions to non-controlling interests (51,164) (43,919)
Payments upon settlement of derivatives 0 (28,913)
Shares surrendered to fund withholding taxes on exercised share options (2,434) (4,667)
Redemption of Series C preferred shares (note 12(h)) (14,515) 0
Acquisition of non-controlling interest 0 (1,580)
Increase in other long-term liabilities 22,666 19,324
Decrease in other long-term liabilities (79,638) (94,837)
Net cash provided by (used in) financing activities, total 442,808 1,110,236
Investing activities    
Additions to property, plant and equipment and intangible assets (1,026,171) (1,089,024)
Increase in long-term investments (243,742) (221,281)
Acquisitions of operating entities 0 (632,797)
Increase in other assets (12,220) (26,527)
Receipt of principal on development loans receivable 174,763 178,300
Decrease in long-term investments 11,749 2,920
Net cash provided by (used in) investing activities, total (1,095,621) (1,788,409)
Effect of exchange rate differences on cash and restricted cash (267) (1,127)
Decrease in cash, cash equivalents and restricted cash (25,046) (60,204)
Cash, cash equivalents and restricted cash, beginning of year 101,185 161,389
Cash, cash equivalents and restricted cash, end of year 76,139 101,185
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest expense 368,511 272,734
Cash paid during the year for income taxes 7,171 10,962
Cash received during the year for distributions from equity investments 112,716 112,951
Non-cash financing and investing activities:    
Property, plant and equipment acquisitions in accruals 172,165 120,819
Issuance of common shares under dividend reinvestment plan and share-based compensation plans 46,040 112,918
Property, plant and equipment, intangible assets and accrued liabilities in exchange of note receivable 23,938 90,700
Related Party    
Financing activities    
Distributions to non-controlling interests, related party (note 17) $ (25,428) $ (34,816)