|
Consolidated Statements of Cash Flows
(Unaudited)
(In Thousands)
| |
|
(as adjusted - |
|
(as adjusted - |
| |
|
|
|
|
| |
Three Months Ended |
Nine Months Ended |
| |
Sept 30/07 |
Sept 30/06 |
Sept 30/07 |
Sept 30/06 |
 |
| |
| Operating activities |
|
| |
Net earnings |
$91,233 |
$72,744 |
$354,615 |
$335,373 |
| |
Items not requiring (providing) cash: |
|
| |
|
Depreciation, depletion and reclamation |
46,341 |
46,450 |
168,867 |
141,023 |
| |
Provision for future taxes [note 11] |
(41,633) |
(19,929) |
(108,179) |
(135,309) |
| |
Deferred revenue recognized |
(8,198) |
(13,854) |
(31,946) |
(39,655) |
| |
Unrealized losses (gains) on derivatives |
(37,715) |
3,413 |
(51,519) |
698 |
| |
Stock-based compensation [note 13] |
9,663 |
2,881 |
19,063 |
15,000 |
| |
Stock option plan amendment [note 13] |
94,175 |
- |
94,175 |
- |
| |
Loss (gain) on sale of assets [note 9] |
1,792 |
(50,323) |
(3,101) |
(52,284) |
| |
Equity in loss of associated companies [note 10] |
2,375 |
663 |
5,466 |
4,576 |
| |
Restructuring of gold business [note 16] |
105,000 |
- |
105,000 |
- |
| |
Minority interest |
(2,240) |
8,179 |
12,956 |
35,546 |
| |
Other operating items [note 15] |
188,791 |
28,937 |
178,285 |
99,740 |
|
| Cash provided by operations |
449,584 |
79,161 |
743,682 |
404,708 |
|
| |
| Investing activities |
|
| |
Acquisition of net business assets, net of cash acquired |
- |
- |
- |
(83,856) |
| |
Additions to property, plant and equipment |
(130,870) |
(111,652) |
(359,012) |
(310,983) |
| |
Increase in long-term receivables, investments and other |
(30,026) |
(1,675) |
(40,489) |
(27,125) |
| |
Proceeds on sale of property, plant and equipment |
6 |
44,783 |
4,898 |
46,358 |
|
| Cash used in investing |
(160,890) |
(68,544) |
(394,603) |
(375,606) |
|
| |
| Financing activities |
|
| |
Shares repurchased |
(223,971) |
- |
(223,971) |
- |
| |
Decrease in debt |
(3,559) |
(11,200) |
(5,850) |
(155,000) |
| |
Increase in debt |
- |
- |
4,740 |
- |
| |
Short-term financing |
- |
- |
10,949 |
- |
| |
Issue of shares |
1,123 |
7,272 |
23,074 |
25,176 |
| |
Dividends |
(17,696) |
(14,052) |
(49,459) |
(38,576) |
|
| Cash used in financing |
(244,103) |
(17,980) |
(240,517) |
(168,400) |
|
| |
| |
Increase (decrease) in cash during the period |
44,591 |
(7,363) |
108,562 |
(139,298) |
| |
Exchange rate changes on foreign currency cash balances |
(10,281) |
(205) |
(39,334) |
(10,766) |
| |
Cash at beginning of period |
369,007 |
480,697 |
334,089 |
623,193 |
|
| Cash at end of period |
$403,317 |
$473,129 |
$403,317 |
$473,129 |
|
| |
| Supplemental cash flow disclosure |
|
| |
Interest paid |
$11,244 |
$8,980 |
$35,098 |
$31,127 |
| |
Income taxes paid |
$25,047 |
$37,700 |
$133,349 |
$92,693 |
|
| |
|
|
|
|
| See accompanying notes to consolidated financial statements |
|
