XML 25 R6.htm IDEA: XBRL DOCUMENT 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