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Consolidated Statements of Cash Flow - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operations:    
Net earnings (loss) $ 6,618 $ (294,270)
Adjustments for:    
Long-term compensation plans 19,457 17,401
Depreciation and amortization 333,616 377,044
Gain on asset disposals (50,741) (11,384)
Loss on asset decommissioning 20,263  
Reversal of impairment of property, plant and equipment (5,810)  
Impairment of goodwill   207,544
Foreign exchange (8,585) 2,341
Finance charges 118,453 127,178
Gain on redemption and repurchase of unsecured senior notes (6,815) (5,672)
Income taxes (14,957) (29,326)
Other (981) (1,269)
Income taxes paid (5,060) (4,446)
Income taxes recovered 2,479 33,283
Interest paid (116,655) (108,622)
Interest received 1,370 1,412
Funds provided by operations 292,652 311,214
Changes in non-cash working capital balances (4,493) (17,880)
Cash provided by operations 288,159 293,334
Investments:    
Purchase of property, plant and equipment (159,886) (114,576)
Purchase of intangibles (808) (11,567)
Proceeds on sale of property, plant and equipment 90,768 24,457
Changes in non-cash working capital balances (4,574) 892
Cash used in investing activities (74,500) (100,794)
Financing:    
Redemption and repurchase of unsecured senior notes (198,387) (168,722)
Repurchase of share capital (25,902)  
Debt amendment fees (702) (638)
Lease payments (6,823)  
Issuance of common shares on the exercise of options   275
Cash used in financing activities (231,814) (169,085)
Effect of exchange rate changes on cash and cash equivalents (3,770) 8,090
Increase (decrease) in cash and cash equivalents (21,925) 31,545
Cash and cash equivalents, beginning of year 96,626 65,081
Cash and cash equivalents, end of year $ 74,701 $ 96,626