Annual Report 2022
46
Cash flow from (used in) operating activities:
Net income for the year
Adjustments for:
Depreciation and amortization
(Gain) loss on sale of property, plant and equipment
Share-based compensation expense
Income tax expense
Net finance expense
Interest received
Interest paid
Income taxes paid
Changes in non-cash working capital:
Accounts receivable
Inventories
Prepaid expenses
Accounts payable and accrued liabilities
Net cash from (used in) operating activities
Cash flow from (used in) financing activities
Issuance of long-term bank indebtedness
Repayment of long-term bank indebtedness
Issuance of short-term bank indebtedness
Principal payments lease obligations
Issuance of common shares, net of share issue costs
Repurchase of common shares
Dividends paid to shareholders
Net cash from financing activities
Cash flow (used in) from investing activities:
Additions to property, plant and equipment
Proceeds on disposal of property, plant and equipment
Business acquisitions, net of divestitures
Additions to internally generated software
Receipt on non-current receivables
Decrease (increase) in investments
Net cash used in investing activities
Increase in cash and cash equivalents
Cash and cash equivalents, beginning of year
Foreign exchange (loss) gain on cash held in foreign currency
Cash and cash equivalents, end of year
Supplementary information:
Property, plant and equipment acquired under lease, net of disposals
9
14(b)
15
16
13
13
14(a)
14(a)
5
9
4
11
$ 128,668
65,455
(396)
3,899
34,102
33,862
805
(30,383)
(53,362)
182,650
15,576
6,125
15,583
(9,249)
28,035
210,685
100,000
(20,000)
124,730
(40,138)
—
(27,135)
(8,849)
128,608
(7,859)
771
(273,651)
(2,951)
327
3,893
(279,470)
59,823
7,762
(2,517)
$ 65,068
$ 53,541
$ 103,145
36,579
637
5,537
34,506
10,680
540
(6,629)
(22,415)
162,580
(35,439)
(177,341)
(20,168)
4,950
(227,998)
(65,418)
375,000
(78,750)
45,007
(31,272)
75,665
—
(6,800)
378,850
(4,463)
559
(297,306)
(3,003)
367
(2,781)
(306,627)
6,805
459
498
$ 7,762
$ 84,490
Notes
2022
2021
The accompanying notes are an integral part of these consolidated financial statements.
(Expressed in thousands of US dollars, unless stated otherwise)
Consolidated Statements of Cash Flows
Years ended December 31, 2022 and 2021
