Financial risk management (Tables)

12 Months Ended

Dec. 31, 2024

The Company’s interest rate risk exposure is mainly related to the undrawn credit facility.


As at	Dec 31 2024		Dec 31 2023
Fixed interest rate debt:
Unsecured notes	$	2,273,881	$	1,985,660
Other limited recourse debt facilities	141,054		156,141
	$	2,414,935	$	2,141,801

Schedule of expected cash flows of financial liabilities by maturity date

The expected cash flows of financial liabilities from the date of the balance sheet to the contractual maturity date are as follows:


As at December 31, 2024	Carrying amount		Contractual cash flows		1 year or less		1-3 years		3-5 years		More than 5 years
Trade and other payables 1	$	415,120	$	415,120	$	415,120	$	—	$	—	$	—
Lease obligations 2	818,205		1,080,605		168,554		263,767		225,729		422,555
Other long-term liabilities2	27,483		51,148		2,200		4,400		4,400		40,148
Long-term debt 2	2,414,935		3,377,269		148,253		989,912		924,064		1,315,040
Cash flow hedges 3	36,811		45,635		15,038		5,808		4,330		20,459
	$	3,712,554	$	4,969,777	$	749,165	$	1,263,887	$	1,158,523	$	1,798,202

1 Excludes tax, accrued interest and euro foreign currency hedges.

2 Contractual cash flows include contractual interest payments related to debt obligations and lease obligations.

3 The expected cash flows of hedges are based on current valuations of the expected settlement amounts, which will fluctuate at settlement dependent on the market prices at the future settlement dates