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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 31, 2021
May 31, 2020
May 31, 2019
Cash used in operating activities:      
Net (loss) income for the year $ (336,014) $ (100,833) $ (36,093)
Adjustments for:      
Deferred income tax recovery (24,873) (13,305) (5,833)
Unrealized foreign exchange loss (gain) 49,342 (451) (194)
Amortization 67,832 35,669 17,210
Loss (gain) on sale of capital assets (1,523) 8,075 (42)
Impairment   50,679 57,202
Loss on promissory notes receivable   9,698  
Transaction costs associated with business acquisitions 59,917   11,660
Other non-cash items 3,025 (90) 242
Stock-based compensation 17,351 18,079 21,951
Loss (gain) on long-term investments & equity investments 1,624 24,295 (59,051)
Loss (gain) on convertible debentures 169,537 (53,611) (36,630)
Change in non-cash working capital (50,935) (78,832) (12,471)
Net cash used in operating activities (44,717) (100,627) (42,049)
Cash used in investing activities:      
Proceeds from disposal of marketable securities   14,816 18,667
Investment in capital and intangible assets (38,874) (98,786) (155,751)
Proceeds from disposal of capital and intangible assets 6,608 1,411 42
Promissory notes advances (2,419)   (14,746)
Repayment of convertible notes receivable 5,752 19,396 6,466
Investment in long-term investments and equity investees   (451) (54,724)
Proceeds from disposal of long-term investments and equity investees 8,430 19,570 83,343
Net cash acquired (paid) on business acquisitions 66,608 (25,902) (17,814)
Net cash used in investing activities 46,105 (69,946) (134,517)
Cash provided by (used in) financing activities:      
Share capital issued, net of cash issuance costs 102,550 74,395 185,969
Proceeds from warrants and options exercised 144 3,918 5,157
Proceeds from convertible debentures     343,607
Repayment of convertible debentures   (812)  
Proceeds from long-term debt 102,798 60,944 21,053
Repayment of long-term debt (64,559) (8,114) (8,601)
Repayment of lease liabilities (1,058) (126)  
Increase in bank indebtedness 8,328 401  
Amounts paid to non-controlling interest (23,895)    
Net cash used in financing activities 124,308 130,606 547,185
Effect of foreign exchange on cash and cash equivalents 2,124 (6,572) (9,570)
Net increase (decrease) in cash and cash equivalents 127,820 (46,539) 361,049
Cash and cash equivalents, beginning of period 360,646 407,185 46,136
Cash and cash equivalents, end of period 488,466 360,646 407,185
Supplementary disclosure of cash flow information      
Income taxes $ 5,623 $ 2,649 $ 4,878