Cash Statement
Consolidated
Statements of Cash Flows
(Unaudited)
(In Thousands)
| |
|
Three Months Ended |
|
| |
|
March 31/00 |
March 31/99 |
|
|
|
| Operating activities |
|
|
|
|
|
| |
Net earnings |
$11,564 |
|
$11,122 |
|
|
| |
Items not requiring
(providing) cash: |
|
|
|
|
|
| |
Depreciation,
depletion and reclamation |
24,550 |
|
29,866 |
|
|
| |
Provision
for deferred taxes |
9,218 |
|
11,296 |
|
|
| |
Deferred
revenue recognized |
(1,628) |
|
(4,572) |
|
|
| |
Other operating items |
6,428 |
|
(13,965) |
|
|
|
|
| Cash provided by operations |
50,132 |
|
33,747 |
|
|
|
|
| Investing activities |
|
|
|
|
|
| |
Additions to property, plant and equipment |
(41,388) |
|
(51,148) |
|
|
|
|
| Cash used in investing |
(41,388) |
|
(51,148) |
|
|
|
|
| |
|
|
|
|
|
| Financing activities |
|
|
|
|
|
| |
Increase in debt |
25,095 |
|
38,423 |
|
|
| |
Shares repurchased |
(13,393) |
|
- |
|
|
| |
Issue of shares |
699 |
|
876 |
|
|
| |
Preferred securities
charges |
(2,172) |
|
(2,267) |
|
|
| |
Dividends |
(7,161) |
|
(7,207) |
|
|
|
|
| Cash provided by financing |
3,068 |
|
29,825 |
|
|
|
|
| |
Increase in cash
during the period |
11,812 |
|
12,424 |
|
|
| |
Cash at beginning
of period |
45,469 |
|
36,466 |
|
|
|
|
| Cash at end of period |
$57,281 |
|
$48,890 |
|
|
|
|
| Supplemental cash flow disclosure |
|
|
|
|
|
| |
Interest paid |
$6,990 |
|
$10,669 |
|
|
| |
Income taxes paid |
$1,798 |
|
$4,886 |
|
|
| |
|
| See accompanying notes
to consolidated financial statements |
