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Supplemental Cash Flow Information
 12 Months Ended
Dec. 31, 2018
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information

12.  Supplemental cash flow information

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 2018 

 

 

 2017 

 

 

 2016 

 

Trade and other receivables

$

 (43,341)

 

$

 (19,161)

 

$

 6,419 

 

Inventory

 

 (77,292)

 

 

 (8,557)

 

 

 26,557 

 

Advances against auction contracts

 

 (8,266)

 

 

 3,246 

 

 

 (1,012)

 

Prepaid expenses and deposits

 

 646 

 

 

 1,178 

 

 

 (7,443)

 

Income taxes receivable

 

 13,053 

 

 

 (6,067)

 

 

 (10,686)

 

Auction proceeds payable

 

 8,768 

 

 

 25,783 

 

 

 550 

 

Trade and other payables

 

 39,531 

 

 

 21,854 

 

 

 5,627 

 

Income taxes payable

 

 1,954 

 

 

 (3,986)

 

 

 (8,657)

 

Share unit liabilities

 

 1,070 

 

 

 (5,421)

 

 

 4,503 

 

Other

 

 (1,673)

 

 

 1,410 

 

 

 (5,176)

 

Net changes in operating

 

 

 

 

 

 

 

 

 

assets and liabilities

$

 (65,550)

 

$

 10,279 

 

$

 10,682 

 



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 $32,426,000 for the year ended December 31, 2018 (2017: $34,436,000, 2016: $29,785,000).





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 2018 

 

 

 2017 

 

 

 2016 

 

Interest paid, net of interest capitalized

$

 39,429 

 

$

 23,360 

 

$

 5,792 

 

Interest received

 

 2,888 

 

 

 3,196 

 

 

 1,861 

 

Net income taxes paid

 

 10,352 

 

 

 28,281 

 

 

 54,037 

 



 

 

 

 

 

 

 

 

 

Non-cash purchase of property, plant

 

 

 

 

 

 

 

 

 

and equipment under capital lease

$

 8,968 

 

$

 8,820 

 

$

 3,376 

 





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 2018 

 

 

 2017 

 

 

 2016 

 

Cash and cash equivalents

$

 237,744 

 

$

 267,910 

 

$

 207,867 

 

Restricted cash

 

 67,823 

 

 

 63,206 

 

 

 550,222 

 

Cash, cash equivalents, and restricted cash

$

 305,567 

 

$

 331,116 

 

$

 758,089 

 



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 22). 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 29).