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Investments in affiliates and joint ventures (Tables) | 12 Months Ended
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Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of variable interest entities | The following is a summary of the Company's interests in its various affiliates and joint ventures, which it accounts for using the equity method:
Affiliate or joint venture name: |  | Interest
Nuna Group of Companies ("Nuna") |  |
Nuna Logistics Ltd. |  | 49 | %
North American Nuna Joint Venture |  | 50 | %
Nuna East Ltd. |  | 37 | %
Nuna Pang Contracting Ltd. |  | 37 | %
Nuna West Mining Ltd. |  | 49 | %
Mikisew North American Limited Partnership ("MNALP") |  | 49 | %
Fargo joint ventures "Fargo" |  |
ASN Constructors ("ASN") |  | 30 | %
Red River Valley Alliance LLC ("RRVA") |  | 15 | %
NAYL Realty Inc. |  | 49 | %
BNA Remanufacturing Limited Partnership |  | 50 | %
Dene North Site Services Partnership(i) |  | 49 | %
(i)Subsequent to December 2022, the Dene North Site Services Partnership has been dissolved.
Schedule of investments in affiliates and joint ventures | The following is a summary of the Company's interests in its various affiliates and joint ventures, which it accounts for using the equity method:
Affiliate or joint venture name: |  | Interest
Nuna Group of Companies ("Nuna") |  |
Nuna Logistics Ltd. |  | 49 | %
North American Nuna Joint Venture |  | 50 | %
Nuna East Ltd. |  | 37 | %
Nuna Pang Contracting Ltd. |  | 37 | %
Nuna West Mining Ltd. |  | 49 | %
Mikisew North American Limited Partnership ("MNALP") |  | 49 | %
Fargo joint ventures "Fargo" |  |
ASN Constructors ("ASN") |  | 30 | %
Red River Valley Alliance LLC ("RRVA") |  | 15 | %
NAYL Realty Inc. |  | 49 | %
BNA Remanufacturing Limited Partnership |  | 50 | %
Dene North Site Services Partnership(i) |  | 49 | %
(i)Subsequent to December 2022, the Dene North Site Services Partnership has been dissolved. The following table summarizes the movement in the investments in affiliates and joint ventures balance during the year:
|  | December 31, 2022 |  | December 31, 2021
Balance, beginning of the year |  | $ | 55,974 |  |  | $ | 46,263 |
Investments in affiliates and joint ventures |  | — |  |  | 2,321 |
Share of net income |  | 37,053 |  |  | 21,860 |
Dividends from affiliates and joint ventures |  | (12,760) |  |  | (11,270) |
Intercompany eliminations |  | (4,630) |  |  | (3,200) |
Balance, end of the year |  | $ | 75,637 |  |  | $ | 55,974 |
The financial information for the Company's share of the investments in affiliates and joint ventures accounted for using the equity method is summarized as follows: Balance Sheets
December 31, 2022 |  | Nuna |  | MNALP |  | Fargo |  | Other entities |  | Total
Assets |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 6,559 |  |  | $ | 1,467 |  |  | $ | 81,326 |  |  | $ | 800 |  |  | $ | 90,152 |
Other current assets |  | 82,147 |  |  | 41,820 |  |  | 1,776 |  |  | 3,495 |  |  | 129,238 |
Non-current assets |  | 18,422 |  |  | 27,428 |  |  | 93,007 |  |  | 12,510 |  |  | 151,367 |
Total assets |  | $ | 107,128 |  |  | $ | 70,715 |  |  | $ | 176,109 |  |  | $ | 16,805 |  |  | $ | 370,757 |
Liabilities |  |  |  |  |  |  |  |  |  |
Current liabilities |  | $ | 40,382 |  |  | $ | 43,381 |  |  | $ | 78,457 |  |  | $ | 1,529 |  |  | $ | 163,749 |
Non-current liabilities |  | 12,942 |  |  | 22,195 |  |  | 89,907 |  |  | 6,327 |  |  | 131,371 |
Total liabilities |  | $ | 53,324 |  |  | $ | 65,576 |  |  | $ | 168,364 |  |  | $ | 7,856 |  |  | $ | 295,120 |
Net investments in affiliates and joint ventures |  | $ | 53,804 |  |  | $ | 5,139 |  |  | $ | 7,745 |  |  | $ | 8,949 |  |  | $ | 75,637 |
December 31, 2021 |  | Nuna |  | MNALP |  | Fargo |  | Other entities |  | Total
Assets |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 13,992 |  |  | $ | 2,758 |  |  | $ | 38,688 |  |  | $ | 734 |  |  | $ | 56,172 |
Other current assets |  | 32,363 |  |  | 20,032 |  |  | — |  |  | 3,758 |  |  | 56,153 |
Non-current assets |  | 24,092 |  |  | 10,966 |  |  | 285 |  |  | 7,618 |  |  | 42,961 |
Total assets |  | $ | 70,447 |  |  | $ | 33,756 |  |  | $ | 38,973 |  |  | $ | 12,110 |  |  | $ | 155,286 |
Liabilities |  |  |  |  |  |  |  |  |  |
Current liabilities |  | $ | 15,819 |  |  | $ | 22,059 |  |  | $ | 38,573 |  |  | $ | 986 |  |  | $ | 77,437 |
Non-current liabilities |  | 9,586 |  |  | 7,356 |  |  | — |  |  | 4,933 |  |  | 21,875 |
Total liabilities |  | $ | 25,405 |  |  | $ | 29,415 |  |  | $ | 38,573 |  |  | $ | 5,919 |  |  | $ | 99,312 |
Net investments in affiliates and joint ventures |  | $ | 45,042 |  |  | $ | 4,341 |  |  | $ | 400 |  |  | $ | 6,191 |  |  | $ | 55,974 |
Statements of Operations
Year ended December 31, 2022 |  | Nuna |  | MNALP |  | Fargo |  | Other entities |  | Total
Revenue |  | $ | 213,745 |  |  | $ | 330,259 |  |  | $ | 40,598 |  |  | $ | 11,431 |  |  | $ | 596,033 |
Gross profit |  | 30,667 |  |  | 10,216 |  |  | 6,575 |  |  | 2,123 |  |  | 49,581 |
Income before taxes |  | 21,741 |  |  | 8,825 |  |  | 7,049 |  |  | 1,881 |  |  | 39,496 |
Net income |  | $ | 19,298 |  |  | $ | 8,825 |  |  | $ | 7,049 |  |  | $ | 1,881 |  |  | $ | 37,053 |
Year ended December 31, 2021 |  | Nuna |  | MNALP |  | Fargo |  | Other entities |  | Total
Revenue |  | $ | 147,187 |  |  | $ | 171,425 |  |  | $ | 6,296 |  |  | $ | 7,532 |  |  | $ | 332,440 |
Gross profit |  | 28,357 |  |  | 2,762 |  |  | 1,079 |  |  | 1,443 |  |  | 33,641 |
Income before taxes |  | 20,600 |  |  | 2,750 |  |  | 397 |  |  | 1,317 |  |  | 25,064 |
Net income |  | $ | 17,396 |  |  | $ | 2,750 |  |  | $ | 397 |  |  | $ | 1,317 |  |  | $ | 21,860 |
The following table provides the material aggregate outstanding balances with affiliates and joint ventures. Accounts payable and accrued liabilities due to joint ventures and affiliates do not bear interest, are unsecured and without fixed terms of repayment. Accounts receivable from certain joint ventures and affiliates bear interest at various rates, and all other accounts receivable amounts are non-interest bearing.
|  | December 31, 2022 |  | December 31, 2021
Accounts receivable |  | $ | 65,294 |  |  | $ | 31,050 |
Other assets |  | 2,444 |  |  | 2,162 |
Accounts payable and accrued liabilities |  | 13,773 |  |  | 286 |

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