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Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income (loss) $ (27,978) $ 194,181
Items not involving cash    
Depreciation of property, plant and equipment 33,674 28,455
Amortization of right-of-use assets 33,824 29,656
Amortization of intangible assets 85,172 83,063
Deferred income taxes (84,546) (29,915)
Other items not involving cash (16,971) (20,277)
Stock-based compensation 10,564 11,253
Change in non-cash operating working capital (7,968) (275,636)
Cash flows provided by operating activities 25,771 20,780
Investing activities    
Acquisition of property, plant and equipment (33,952) (58,830)
Acquisition of intangible assets (44,078) (29,628)
Business acquisitions, net of cash acquired (179,389) (276,538)
Settlement of cross-currency interest rate swap instrument (16,555) 0
Proceeds from disposal of property, plant and equipment 5,532 23,211
Cash flows used in investing activities (268,442) (341,785)
Financing activities    
Bank indebtedness 22,478 (1,527)
Repayment of long-term debt (573,777) (798,378)
Proceeds from long-term debt 907,015 816,514
Proceeds from sales or maturity of financial instruments, classified as financing activities 24,262 0
Proceeds from exercise of stock options 495 2,152
Proceeds from U.S. initial public offering, net of issuance fees 0 362,072
Purchase of non-controlling interest 0 (195)
Repurchase of common shares (44,983) (14)
Acquisition of shares held in trust (14,690) (23,820)
Principal lease payments (30,519) (26,080)
Cash flows provided by financing activities 290,281 330,724
Effect of exchange rate changes on cash and cash equivalents 8,160 591
Increase in cash and cash equivalents 55,770 10,310
Cash and cash equivalents at beginning of period 170,177 159,867
Cash and cash equivalents at end of period 225,947 170,177
Supplemental information    
Cash income taxes paid 61,936 49,511
Cash interest paid $ 95,151 $ 68,526