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v3.22.4

Consolidated Statements of Cash Flows - CAD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021
Operating activities |  |
Net income | $ 855,605 | $ 1,613,600
Adjustments for: |  |
Share-based compensation | 3,159 | 6,389
Unrealized foreign exchange loss (gain) | 45,073 | (1,905)
Exploration and evaluation | 30,239 | 15,212
Depletion and depreciation | 587,050 | 464,580
Impairment reversal | (267,744) | (1,542,414)
Non-cash financing and interest | 24,431 | 19,090
Non-cash other income | (4,009) | (2,857)
Unrealized financial derivatives (gain) loss | (135,471) | 103,631
Gain on dispositions | (4,898) | (9,666)
Adjustments for deferred tax expense | 31,716 | 79,968
Asset retirement obligations settled | (18,351) | (6,662)
Change in non-cash working capital | 26,072 | (26,582)
Cash flows from operating activities | 1,172,872 | 712,384
Financing activities |  |
Decrease in credit facilities | (136,980) | (145,321)
Debt issuance costs | (2,138) | 0
Payments on lease obligations | (3,732) | (4,334)
Redemption of long-term notes | (376,589) | (251,969)
Repurchase of common shares | (158,977) | 0
Cash flows used in financing activities | (678,416) | (401,624)
Investing activities |  |
Additions to exploration and evaluation assets | (6,359) | (3,298)
Additions to oil and gas properties | (515,183) | (310,005)
Additions to other plant and equipment | (1,148) | (907)
Property acquisitions | (1,352) | (1,557)
Proceeds from dispositions | 25,649 | 7,804
Change in non-cash working capital | 9,401 | (2,797)
Cash flows used in investing activities | (488,992) | (310,760)
Change in cash | 5,464 | 0
Cash, beginning of year | 0 | 0
Cash, end of year | 5,464 | 0
Supplementary information |  |
Interest paid | 84,225 | 93,114
Income taxes paid | $ 2,303 | $ 253

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- Definition The cash outflow for repayments of bonds, notes and debentures. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 17 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_17&doctype=Standard -URIDate 2022-03-24 + Details
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