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2007 Consolidated Cash Flow Statements

This document summarizes the consolidated statements of cash flows for a company for the years ending March 31, 2007, 2006 and 2005. It shows cash flows provided by or used in operating, investing and financing activities. The company saw a net increase in cash and cash equivalents from $81.1 million to $150.2 million from 2006 to 2007, primarily due to cash provided by operating activities of $239.3 million. Cash used in investing activities included $158.1 million for capital expenditures. Cash provided by financing activities included $45.8 million from long-term debt proceeds.

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Edielson Santana
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9 views8 pages

2007 Consolidated Cash Flow Statements

This document summarizes the consolidated statements of cash flows for a company for the years ending March 31, 2007, 2006 and 2005. It shows cash flows provided by or used in operating, investing and financing activities. The company saw a net increase in cash and cash equivalents from $81.1 million to $150.2 million from 2006 to 2007, primarily due to cash provided by operating activities of $239.3 million. Cash used in investing activities included $158.1 million for capital expenditures. Cash provided by financing activities included $45.8 million from long-term debt proceeds.

Uploaded by

Edielson Santana
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as RTF, PDF, TXT or read online on Scribd

Consolidated Statements of Cash Flows

Years ended March 31


(amounts in millions of Canadian dollars)

2007

2006

2005

Operating Activities

Restated

Restated

(Note 1)

(Note 1)

Net earnings (loss)


$
127.4
$
63.6
$
(199.6 )

Results of discontinued operations (Note 4)

1.7

6.0

(104.8 )

Earnings (loss) from continuing operations

129.1

69.6

(304.4 )

Adjustments to reconcile earnings to cash flows from operating activities:

Impairment of goodwill, tangible and intangible assets (Note 5)


–

443.3

Depreciation

55.0

52.5

55.1

Amortization of deferred financing costs

0.8

2.2

7.2

Amortization and write down of intangible and other assets

15.8

22.9

19.7

Future income taxes

(14.2)

5.1

(114.1 )

Investment tax credits

19.3

(11.8 )

(29.2 )

Stock-based compensation plans (Note 17)

24.6

12.2

5.5

Employee future benefit – net

(0.9)

(2.0 )

0.9
Other

(10.4)

(3.9 )

11.2

Changes in non-cash working capital (Note 19)

20.2

79.1

84.2

Net cash provided by continuing operating activities

239.3

225.9

179.4

Net cash provided by discontinued operating activities

2.1

21.6

Net cash provided by operating activities

239.3

228.0

201.0

Investing Activities

Business acquisitions (net of cash and cash equivalents acquired) (Note 2)

(4.4)

2.6

(13.8 )

Proceeds from disposal of discontinued operations

(3.8)
(net of cash and cash equivalents disposed) (Note 4, 19)

(4.9 )

239.4

Capital expenditures

(158.1)

(130.1 )

(118.0 )

Proceeds from sale and leaseback of assets

43.8

Deferred development costs

(3.0)

(1.8 )

(9.9 )

Deferred pre-operating costs

(5.9)

(0.7 )

(1.7 )

Other

(2.9)

( 9.9 )

4.2

Net cash (used in) provided by continuing investing activities

(178.1)

(144.8 )

144.0
Net cash used in discontinued investing activities

(2.3 )

(5.8 )

Net cash (used in) provided by investing activities

(178.1)

(147.1 )

138.2

Financing Activities

Net borrowing under revolving unsecured credit facilities (Note 12)

(0.6)

(30.7 )

(273.7 )

Proceeds from long-term debt (Note 12)

45.8

32.1

3.4

Reimbursement of long-term debt (Note 12)

(39.8)

(65.7 )

(50.5 )

Dividends paid

(9.8)

(9.7 )

(24.0 )

Common stock issuance (Note 15)

10.0
8.0

3.6

Other

(2.1)

11.6

0.7

Net cash provided by (used in) continuing financing activities

3.5

(54.4 )

(340.5 )

Net cash provided by discontinued financing activities

1.2

3.2

Net cash provided by (used in) financing activities

3.5

(53.2 )

(337.3 )

Effect of foreign exchange rate changes on cash and cash equivalents

4.4

(8.1 )

(2.3 )

Net increase (decrease) in cash and cash equivalents

69.1

19.6

(0.4 )

Cash and cash equivalents at beginning of year

81.1

61.5

61.9
Cash and cash equivalents at end of year
$
150.2
$
81.1
$
61.5

Cash and cash equivalents related to:

Continuing operations
$
150.2
$
81.1
$
57.1

Discontinued operations (Note 4)

4.4

$
150.2
$
81.1
$
61.5

Supplementary Cash Flows Information (Note 19)

The accompanying notes form an integral part of these Consolidated Financial Statements.

CAE ANNUAL REPORT 2007 | 79

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