XML 89 R68.htm IDEA: XBRL DOCUMENT v3.22.4
Capital Disclosures (Tables)
 12 Months Ended
Dec. 31, 2022
Text Block 1 [Abstract]  
Disclosure of Reconciliation of Net debt to EBITDA ratio [Table Text Block]
Net debt to EBITDA is defined as short and long-term debt less cash and cash equivalents at the end of the period, divided by annualized EBITDA. At December 31, 2022, the net debt to EBITDA ratio was:
 
  Years ended December 31,
   
                            2022
                                  2021  
     
Long-term debt
   
 $
1,390,325
 
    $ 331,422  
     
Cash and cash equivalents
   
 
(253,776)
 
      (172,758)  
     
Net debt
   
 $
1,136,549
 
    $ 158,664  
     
Earnings before finance costs and income taxes
   
 $
(40,810)
 
    $ 55,097  
     
Depreciation and amortization
   
 
128,287
 
      87,622  
     
EBITDA
   
 $
87,477
 
    $ 142,719  
     
Net debt to EBITDA ratio
   
 
12.99:1
 
      1.11:1