v3.24.0.1
Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net income (loss) $ 32.2 $ (311.1)
Adjustments for non-cash items    
Depreciation of property and equipment 1,004.4 1,008.7
Amortization of intangible assets 485.3 516.8
Share of net loss (income) of investments accounted for using the equity method 61.6 (20.7)
Gain on divestiture (580.5) (4.9)
Other (23.2) 7.2
Impairment related to discontinued operations 0.0 121.3
Interest and other finance costs 627.2 492.8
Share-based payments 124.8 55.1
(Gain) loss on unrealized foreign exchange on long-term debt and TEUs (72.1) 216.9
(Gain) loss on sale of property and equipment (13.1) 4.7
Mark to market loss (gain) on Purchase Contracts 104.3 (266.8)
Current income tax expense 357.0 4.5
Deferred tax recovery (197.1) (175.6)
Interest paid in cash on Amortizing Notes component of TEUs (0.2) (2.0)
Interest paid in cash, excluding interest paid on Amortizing Notes (517.1) (413.2)
Income taxes paid in cash, net (411.6) (24.4)
Changes in non-cash working capital items 31.0 (85.5)
Landfill closure and post-closure expenditures (32.5) (27.5)
Cash flows from (used in) operating activities 980.4 1,096.3
Investing activities    
Purchase of property and equipment (1,055.1) (765.2)
Proceeds from disposal of assets and other 61.8 22.4
Proceeds from divestitures 1,649.2 341.7
Business acquisitions and investments, net of cash acquired (966.3) (1,333.1)
Cash flows from (used in) investing activities (310.4) (1,734.2)
Financing activities    
Repayment of lease obligations (116.0) (69.8)
Issuance of long-term debt 4,972.3 1,656.4
Repayment of long-term debt (5,365.1) (904.5)
Proceeds from termination of hedged arrangements 17.3 0.0
Payment of contingent purchase consideration and holdbacks (31.2) (18.5)
Repayment of Amortizing Notes (15.7) (58.4)
Dividends issued and paid (25.0) (20.7)
Payment of financing costs (38.2) (2.7)
Repayment of loan to related party (9.3) (12.8)
Contribution from non-controlling interests 8.1 0.0
Cash flows from (used in) financing activities (602.8) 569.0
Increase (decrease) in cash 67.2 (68.9)
Changes due to foreign exchange revaluation of cash (13.6) (39.4)
Cash, beginning of year 82.1 190.4
Cash, end of year $ 135.7 $ 82.1