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Supplemental Cash Flow Information
 12 Months Ended
Dec. 31, 2017
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information

11. Supplemental cash flow information



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 2017 

 

 

 2016 

 

 

 2015 

 

Trade and other receivables

 

 (19,161)

 

 

 6,419 

 

 

 12,757 

 

Inventory

 

 (8,557)

 

 

 26,557 

 

 

 (17,635)

 

Advances against auction contracts

 

 3,246 

 

 

 (1,012)

 

 

 20,804 

 

Prepaid expenses and deposits

 

 1,178 

 

 

 (7,443)

 

 

 (307)

 

Income taxes receivable

 

 (6,067)

 

 

 (10,686)

 

 

 742 

 

Auction proceeds payable

 

 25,783 

 

 

 550 

 

 

 5,151 

 

Trade and other payables

 

 20,552 

 

 

 5,627 

 

 

 (7,654)

 

Income taxes payable

 

 (3,986)

 

 

 (8,657)

 

 

 3,481 

 

Share unit liabilities

 

 (5,421)

 

 

 4,503 

 

 

 5,397 

 

Other

 

 1,410 

 

 

 (5,176)

 

 

 2,398 

 

Net changes in operating

 

 

 

 

 

 

 

 

 

assets and liabilities

$

 8,977 

 

$

 10,682 

 

$

 25,134 

 



Net capital spending, which consists of property, plant and equipment and intangible asset additions, net of proceeds on disposition of property, plant and equipment, was $34,436,000 for the year ended December 31, 2017 (2016: $29,785,000, 2015: $14,152,000). 





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 2017 

 

 

 2016 

 

 

 2015 

 

Interest paid, net of interest capitalized

$

 23,360 

 

$

 5,792 

 

$

 4,989 

 

Interest received

 

 3,196 

 

 

 1,861 

 

 

 2,657 

 

Net income taxes paid

 

 28,281 

 

 

 54,037 

 

 

 34,661 

 



 

 

 

 

 

 

 

 

 

Non-cash transactions:

 

 

 

 

 

 

 

 

 

Non-cash purchase of property, plant

 

 

 

 

 

 

 

 

 

and equipment under capital lease

 

 8,820 

 

 

 3,376 

 

 

 943 

 





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

As at December 31,

 

 2017 

 

 

 2016 

 

 

 2015 

 

Cash and cash equivalents

$

 267,910 

 

$

 207,867 

 

$

 210,148 

 

Restricted cash:

 

 

 

 

 

 

 

 

 

Current

 

 63,206 

 

 

 50,222 

 

 

 83,098 

 

Non-current

 

 -

 

 

 500,000 

 

 

 -

 

Cash, cash equivalents, and restricted cash

$

 331,116 

 

$

 758,089 

 

$

 293,246 

 



On December 21, 2016, the Company completed the offering of $500,000,000 aggregate principal amount of 5.375% senior unsecured notes due January 15, 2025 (note 25). Upon the closing of the offering, the gross proceeds from the offering were deposited in to an escrow account. The funds were released from escrow upon the closing of the acquisition of IronPlanet (note 32).