| Contact IR | |
| TSX: | $17.22 |
| NYSE: | $13.61 |
| 15 minute delay | |
| Uranium Price | |
Consolidated Statements of
Cash Flows
(Unaudited)
(In Thousands)
| Three Months Ended | Nine Months Ended | |||||||||
| Sept 30/02 | Sept 30/01 | Sept 30/02 | Sept 30/01 | |||||||
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| Operating activities | ||||||||||
| Net Earnings | $9,272 | $17,677 | $31,036 | $35,060 | ||||||
| Items not requiring (providing) cash: | ||||||||||
| Depreciation, depletion and reclamation | 32,461 | 35,854 | 84,719 | 75,348 | ||||||
| Provision for future taxes | 8,845 | 7,461 | 17,733 | 10,270 | ||||||
| Earnings from Bruce Power | (11,228) | (12,627) | (7,613) | (12,627) | ||||||
| Gain on property interests | (2,700) | - | (2,700) | - | ||||||
| Deferred revenue recognized | 986 | (2,475) | 392 | (7,234) | ||||||
| Other non-cash items | 2,689 | - | 2,689 | - | ||||||
| Other operating items | (18,197) | (32,033) | 110,313 | (47,150) | ||||||
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| Cash provided by operations | 22,128 | 13,857 | 236,569 | 53,667 | ||||||
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| Investing activities | ||||||||||
| Additions to property, plant and equipment | (32,121) | (14,480) | (54,865) | (39,998) | ||||||
| Increase in long-term receivables, investments and other | (500) | - | (29,009) | (95,832) | ||||||
| Decrease in long-term receivables, investments and other | 23,854 | 19,853 | 51,678 | 30,705 | ||||||
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| Cash provided by (used in) investing | (8,767) | 5,373 | (32,196) | (105,125) | ||||||
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| Financing activities | ||||||||||
| Decrease in debt | - | (6,412) | (58,469) | (12,479) | ||||||
| Increase in debt | 2,444 | - | 3,823 | 90,143 | ||||||
| Issue of shares, net of issue costs | 231 | 644 | 11,218 | 4,653 | ||||||
| Preferred securities charges | (4,352) | (4,357) | (12,947) | (12,898) | ||||||
| Dividends | (6,997) | (6,928) | (20,946) | (20,737) | ||||||
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| Cash provided by (used in) financing | (8,674) | (17,053) | (77,321) | 48,682 | ||||||
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| Increase (decrease) in cash during the period | 4,687 | 2,177 | 127,052 | (2,776) | ||||||
| Cash at beginning of period | 156,102 | 28,178 | 33,737 | 33,131 | ||||||
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| Cash at end of period | $160,789 | $30,355 | $160,789 | $30,355 | ||||||
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| Supplemental cash flow disclosure | ||||||||||
| Interest paid | $2,987 | $5,562 | $12,310 | $17,078 | ||||||
| Income taxes paid (recovered) | $554 | ($1,898) | $2,620 | $609 | ||||||
| See accompanying notes to consolidated financial statements | ||||||||||
