North American Construction Group Ltd(NYSE:NOA) 
North American Construction Group Ltd. provides mining and heavy construction services to the resource development and industrial construction sectors in Canada and the United States The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-...
Website: https://nacg.ca/
Founded: 1953
Full Time Employees: 165
Sector: Energy
Industry: Oil & Gas Equipment & Services
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Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2025-03-21 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2024-03-13 | 2023-12-14 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2022-02-15 | 2021-10-27 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-06-30 | 2018-05-01 | 2015-03-31 | 2013-11-05 | 2013-09-30 | 2013-08-01 | 2013-06-10 | 2012-02-02 | 2010-09-30 | 2010-08-04 | 2010-03-31 | 2009-12-31 | 2009-11-03 | 2009-08-04 | 2009-06-09 | 2008-11-06 | 2008-08-13 | 2008-06-23 | 2008-02-14 | 2007-11-14 | 2007-06-30 | 2007-06-20 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 317,248,000 | 320,634,000 | 340,833,000 | 305,590,000 | 286,857,000 | 276,314,000 | 297,026,000 | 326,298,000 | 194,744,000 | 193,573,000 | 242,605,000 | 191,383,000 | 168,028,000 | 176,711,000 | 233,417,000 | 165,962,000 | 165,962,000 | 140,155,000 | 168,408,000 | 94,015,000 | 70,771,000 | 198,817,000 | 166,269,000 | 176,935,000 | 186,408,000 | 79,471,000 | 114,703,000 | 85,076,000 | 7,173,000 | 116,243,000 | 42,824,000 | 43,988,000 | 284,630,000 | 234,858,000 | 183,594,000 | 758,965,000 | 222,714,000 | 171,110,000 | 147,103,000 | 972,536,000 | 280,283 | 258,987,000 | 989,696 | 274,894,000 | 223,575,000 | 167,627,000 | 629,446,000 | ||
yoy | 10.59% | 16.04% | 14.75% | -6.35% | 41.89% | 53.44% | 34.50% | 15.90% | 9.54% | 3.94% | 15.32% | 1.24% | 26.08% | 38.60% | 76.53% | 134.51% | -29.51% | 1.29% | -46.86% | -62.03% | 150.18% | 44.96% | 107.97% | 2498.75% | -31.63% | 167.85% | 93.41% | -97.48% | -50.50% | -76.67% | -94.20% | 27.80% | 37.26% | 24.81% | -21.96% | 79360.40% | -33.93% | 14763.45% | 253.79% | -99.87% | 54.50% | -99.84% | |||||||
qoq | -1.06% | -5.93% | 11.53% | 6.53% | 3.82% | -6.97% | -8.97% | 0.60% | -20.21% | 26.76% | 13.90% | -4.91% | -24.29% | 40.64% | 0.00% | 18.41% | -16.78% | 79.13% | 32.84% | -64.40% | 19.58% | -6.03% | -5.08% | 134.56% | -30.72% | 34.82% | 1086.06% | -93.83% | 171.44% | -2.65% | -84.55% | 21.19% | 27.92% | -75.81% | 240.78% | 30.16% | 16.32% | -84.87% | 346883.58% | -99.89% | 26068.34% | -99.64% | 22.95% | 33.38% | -73.37% | ||||
cost of sales | 218,033,000 | 230,293,000 | 242,228,000 | 218,834,000 | 183,405,000 | 187,022,000 | 199,795,000 | 218,853,000 | 139,840,000 | 147,690,000 | 165,301,000 | 140,440,000 | 154,967,000 | ||||||||||||||||||||||||||||||||||||
depreciation | 49,492,000 | 54,511,000 | 60,714,000 | 44,765,000 | 38,354,000 | 39,623,000 | 43,941,000 | 41,990,000 | 28,592,000 | 24,352,000 | 36,385,000 | 26,376,000 | 26,340,000 | 30,692,000 | 35,860,000 | 21,426,000 | 21,426,000 | 26,425,000 | 31,198,000 | 18,876,000 | 11,551,000 | 32,308,000 | 21,875,000 | 22,099,000 | 29,281,000 | 11,037,000 | 18,192,000 | 11,538,000 | 7,993,000 | 706,000 | 10,319,000 | 8,054,000 | 8,203,000 | 42,636,000 | 11,173,000 | 11,987,000 | 9,347,000 | 38,102,000 | 10,668 | 8,158,000 | 36,729 | 7,885,000 | 7,318,000 | 8,976,000 | 31,034,000 | ||||
gross profit | 49,723,000 | 35,830,000 | 37,891,000 | 41,991,000 | 65,098,000 | 49,669,000 | 53,290,000 | 65,455,000 | 26,312,000 | 21,531,000 | 40,919,000 | 24,567,000 | 12,440,000 | 21,951,000 | 42,590,000 | 21,711,000 | 21,711,000 | 15,226,000 | 32,063,000 | 15,364,000 | 21,097,000 | 34,651,000 | 18,286,000 | 23,466,000 | 29,583,000 | 9,651,000 | 26,791,000 | 10,997,000 | -202,000 | 11,631,000 | 4,565,000 | 11,828,000 | 20,040,000 | 29,097,000 | 15,620,000 | 139,285,000 | 47,420,000 | 33,121,000 | 24,810,000 | 175,305,000 | 44,281 | 47,589,000 | 163,317 | 50,630,000 | 35,210,000 | 14,904,000 | 92,436,000 | ||
yoy | -23.62% | -27.86% | -28.90% | -35.85% | 88.77% | 147.50% | 59.96% | 111.51% | -1.91% | -3.92% | 13.15% | -42.70% | 44.17% | 32.83% | 41.31% | 2.91% | -56.06% | 75.34% | -34.53% | -28.69% | 259.04% | -31.75% | 113.39% | -14745.05% | -17.02% | 486.88% | -7.03% | -101.01% | -60.03% | -70.77% | -91.51% | -57.74% | -12.15% | -37.04% | -20.55% | 106988.82% | -30.40% | 15091.32% | 246.25% | -99.87% | 219.30% | -99.82% | |||||||
qoq | 38.77% | -5.44% | -9.76% | -35.50% | 31.06% | -6.79% | -18.59% | 22.21% | -47.38% | 66.56% | 97.48% | -43.33% | -48.46% | 96.17% | 0.00% | 42.59% | -52.51% | 108.69% | -27.17% | -39.12% | 89.49% | -22.07% | -20.68% | 206.53% | -63.98% | 143.62% | -5544.06% | -101.74% | 154.79% | -61.41% | -40.98% | -31.13% | 86.28% | -88.79% | 193.73% | 43.17% | 33.50% | -85.85% | 395792.14% | -99.91% | 29039.04% | -99.68% | 43.79% | 136.25% | -83.88% | ||||
gross margin % | 15.67% | 11.17% | 11.12% | 13.74% | 22.69% | 17.98% | 17.94% | 20.06% | NaN% | 13.51% | 11.12% | 16.87% | 12.84% | 7.40% | 12.42% | 18.25% | 13.08% | 13.08% | 10.86% | 19.04% | 16.34% | 29.81% | 17.43% | 11.00% | 13.26% | 15.87% | 12.14% | 23.36% | 12.93% | -2.82% | 10.01% | 10.66% | 26.89% | 7.04% | 12.39% | 8.51% | 18.35% | 21.29% | 19.36% | 16.87% | 18.03% | 15.80% | 18.38% | 16.50% | 18.42% | 15.75% | 8.89% | 14.69% | |
general and administrative expenses | 12,870,000 | 12,662,000 | 7,682,000 | 13,696,000 | 10,945,000 | 10,932,000 | 14,753,000 | 18,702,000 | 12,485,000 | 11,974,000 | 14,179,000 | 7,013,000 | 5,052,000 | 6,232,000 | 6,648,000 | 7,074,000 | 7,074,000 | 13,675,000 | 9,396,000 | 5,380,000 | 5,680,000 | 1,807,000 | 7,623,000 | 5,120,000 | 14,798,000 | 8,207,000 | 5,903,000 | 8,411,000 | 632,000 | 9,183,000 | 2,879,000 | 3,530,000 | 15,136,000 | ||||||||||||||||
amortization of intangible assets | 366,000 | 489,000 | 601,000 | 234,000 | 88,000 | 198,000 | 134,000 | 293,000 | 208,000 | 88,000 | 473,000 | 865,000 | 1,174,000 | 672,000 | 588,000 | 1,719,000 | 277,000 | 236,000 | 248,000 | 1,087,000 | 276 | 278,000 | 1,071 | 443,000 | 182,000 | 70,000 | 582,000 | ||||||||||||||||||||||
loss on disposal of property, plant and equipment | 740,000 | -110,000 | 261,000 | 1,213,000 | -194,000 | 672,000 | 157,000 | 21,000 | 585,000 | 1,233,000 | 743,000 | 260,000 | |||||||||||||||||||||||||||||||||||||
operating income | 35,747,000 | 22,789,000 | 30,582,000 | 22,544,000 | 53,805,000 | 38,705,000 | 38,276,000 | 45,779,000 | 14,138,000 | 10,270,000 | 25,527,000 | 17,649,000 | 6,301,000 | 15,642,000 | 31,565,000 | 14,373,000 | 14,373,000 | 1,614,000 | 22,925,000 | 9,944,000 | 14,657,000 | 17,067,000 | 96,509,000 | 1,686,000 | 7,930,000 | ||||||||||||||||||||||||
yoy | -33.56% | -41.12% | -20.10% | -50.75% | 173.77% | 272.70% | 79.34% | 124.38% | -34.34% | -19.13% | 22.79% | -56.16% | 869.14% | 37.69% | 44.54% | -1.94% | 912.28% | ||||||||||||||||||||||||||||||||
qoq | 56.86% | -25.48% | 35.65% | -58.10% | 39.01% | 1.12% | -16.39% | 37.66% | -59.77% | 44.64% | 180.10% | -59.72% | -50.45% | 119.61% | 0.00% | 790.52% | -92.96% | 130.54% | -32.16% | -78.74% | |||||||||||||||||||||||||||||
operating margin % | 11.27% | 7.11% | 8.97% | 7.38% | 18.76% | 14.01% | 12.89% | 14.03% | NaN% | 7.26% | 5.31% | 10.52% | 9.22% | 3.75% | 8.85% | 13.52% | 8.66% | 8.66% | 1.15% | 13.61% | 10.58% | 20.71% | 0% | 0% | 0% | 0% | 0% | 14.88% | 0% | 1345.45% | 0% | 3.94% | 18.03% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
interest expense | 15,265,000 | 14,123,000 | 13,516,000 | 14,401,000 | 15,003,000 | 14,339,000 | 15,597,000 | 14,007,000 | 8,119,000 | 7,511,000 | 7,311,000 | 6,522,000 | 5,565,000 | 4,682,000 | 7,774,000 | 4,845,000 | 4,845,000 | 4,398,000 | 4,542,000 | 4,438,000 | 4,274,000 | 5,528,000 | 5,541,000 | 5,123,000 | 5,461,000 | 1,622,000 | 1,819,000 | 2,630,000 | 998,000 | 6,908,000 | 1,830,000 | 1,931,000 | 7,599,000 | 7,708,000 | 7,729,000 | 26,080,000 | 9,652,000 | 8,980,000 | 8,637,000 | 27,450,000 | 6,440 | 6,449,000 | 27,019 | 7,399,000 | 6,196,000 | 6,809,000 | 37,249,000 | ||
equity earnings in affiliates and joint ventures | -5,232,000 | -4,428,000 | -6,629,000 | -4,483,000 | -9,408,000 | -9,523,000 | -14,076,000 | -8,335,000 | -6,241,000 | -6,833,000 | -4,733,000 | -3,469,000 | -4,620,000 | -1,474,000 | |||||||||||||||||||||||||||||||||||
loss on derivative financial instruments | 1,684,000 | 750,000 | 6,912,000 | ||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of contingent obligations | 505,000 | -13,238,000 | 3,030,000 | 21,989,000 | 11,563,000 | 5,393,000 | |||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 23,525,000 | 16,021,000 | 10,407,000 | 20,669,000 | 19,159,000 | 15,774,000 | 13,120,000 | 14,019,000 | 30,248,000 | 25,203,000 | 9,071,000 | 17,201,000 | 16,361,000 | 16,361,000 | 2,202,000 | 24,336,000 | 10,789,000 | 14,291,000 | 25,029,000 | 5,740,000 | 13,887,000 | 9,735,000 | 41,000 | 95,511,000 | -144,000 | 5,999,000 | -2,533,000 | 5,865,000 | -12,322,000 | 41,898,000 | 28,547,000 | 1,380,000 | 18,771,000 | -124,792,000 | 755 | 24,405,000 | 57,163 | 33,092,000 | 4,040,000 | -13,928,000 | 18,486,000 | ||||||||
current income tax expense | 206,000 | 798,000 | 1,777,000 | 2,238,000 | 4,234,000 | 1,495,000 | 567,000 | 1,136,000 | 701,000 | 335,000 | 162,000 | 572,000 | 572,000 | 470,000 | 17,000 | 13,000 | |||||||||||||||||||||||||||||||||
deferred income tax expense | 6,023,000 | 4,973,000 | 2,467,000 | 4,530,000 | 6,621,000 | 171,000 | 238,000 | 1,190,000 | 7,266,000 | 4,282,000 | 3,482,000 | 1,816,000 | 1,816,000 | 4,950,000 | 3,489,000 | 992,000 | 5,977,000 | 2,475,000 | 8,000 | 12,780,000 | |||||||||||||||||||||||||||||
net income | 17,296,000 | 10,250,000 | 6,163,000 | 4,808,000 | 13,901,000 | 14,007,000 | 11,369,000 | 17,646,000 | 11,387,000 | 12,262,000 | 21,846,000 | 20,220,000 | 7,514,000 | 13,557,000 | 26,081,000 | 13,973,000 | 13,973,000 | 11,131,000 | 82,731,000 | 74,056,000 | -1,890,000 | 21,079,000 | |||||||||||||||||||||||||||
yoy | 24.42% | -26.82% | -45.79% | -72.75% | 23.01% | -7.28% | -19.23% | 51.54% | -9.55% | -16.24% | 44.71% | -46.22% | -4477.30% | ||||||||||||||||||||||||||||||||||||
qoq | 68.74% | 66.32% | 28.18% | -65.41% | -0.76% | 23.20% | -35.57% | -7.14% | -43.87% | 8.04% | 169.10% | -44.57% | -48.02% | 86.65% | 0.00% | 11.71% | |||||||||||||||||||||||||||||||||
net income margin % | 5.45% | 3.20% | 1.81% | 1.57% | 4.85% | 5.07% | 3.83% | 5.41% | NaN% | 5.85% | 6.33% | 9.00% | 10.57% | 4.47% | 7.67% | 11.17% | 8.42% | 8.42% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 9.70% | 0% | 1153.37% | 63.71% | 0% | 0% | -0.66% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3.35% | |
other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency translation gain | -11,153,000 | 693,000 | 1,100,000 | 417,000 | 382,000 | 25,000 | -32,000 | ||||||||||||||||||||||||||||||||||||||||||
comprehensive income | 28,449,000 | 9,691,000 | 6,641,000 | 15,016,000 | 15,338,000 | 10,676,000 | 10,287,000 | 11,845,000 | 21,901,000 | 20,602,000 | 7,539,000 | 13,548,000 | 13,967,000 | 13,967,000 | 74,026,000 | -1,922,000 | |||||||||||||||||||||||||||||||||
per share information | |||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share | 0.59 | 0.35 | 0.22 | 0.18 | 0.52 | 0.52 | 0.43 | 0.66 | 0.43 | 0.46 | 0.83 | 0.75 | 0.27 | 0.48 | 0.99 | 0.49 | 0.49 | 0.1 | 0.68 | 0.23 | 0.46 | 0.74 | 0.29 | 0.44 | 2.28 | ||||||||||||||||||||||||
diluted net income per share | 0.56 | 0.33 | 0.21 | 0.19 | 0.47 | 0.47 | 0.39 | 0.58 | 0.39 | 0.42 | 0.71 | 0.65 | 0.25 | 0.43 | 0.84 | 0.44 | 0.44 | 0.09 | 0.62 | 0.22 | 0.42 | 0.67 | 0.26 | 0.36 | 2.26 | ||||||||||||||||||||||||
equity loss (earnings) in affiliates and joint ventures | 5,133,000 | 1,512,000 | |||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency translation loss | 559,000 | 6,000 | 6,000 | ||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on disposal of property, plant and equipment | -974,000 | -311,000 | -713,000 | -95,000 | -63,000 | -258,000 | -4,000 | ||||||||||||||||||||||||||||||||||||||||||
equity (earnings) loss in affiliates and joint ventures | -3,283,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency translation (gain) loss | -478,000 | -1,115,000 | -1,331,000 | -55,000 | |||||||||||||||||||||||||||||||||||||||||||||
gross profit margin | 13,700 | 20,100 | 18,200 | 23,400 | |||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation benefit | 5,625,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
adjusted ebitda | 103,714,000 | 101,136,000 | 85,875,000 | 39,090,000 | |||||||||||||||||||||||||||||||||||||||||||||
adjusted ebitda margin | 27,800 | 25,100 | 26,800 | 34,100 | |||||||||||||||||||||||||||||||||||||||||||||
adjusted eps | 1 | 0.87 | 1.1 | ||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of property, plant and equipment | 348,000 | 32,000 | 1,087,000 | 77,000 | 264,000 | 264,000 | 63,000 | ||||||||||||||||||||||||||||||||||||||||||
gain on derivative financial instruments | 572,000 | 273,000 | |||||||||||||||||||||||||||||||||||||||||||||||
current income tax (benefit) expense | -1,469,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation (benefit) expense | -496,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net realized and unrealized gain on derivative financial instruments | -2,618,000 | -1,852,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gain on derivative financial instruments | -2,509,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
project costs | 74,632,000 | 62,115,000 | 63,301,000 | 63,301,000 | 41,460,000 | 50,162,000 | 27,585,000 | 12,331,000 | 60,117,000 | 67,126,000 | 73,938,000 | 70,491,000 | 31,793,000 | 41,463,000 | 31,947,000 | 7,291,000 | 44,715,000 | 37,680,000 | 30,875,000 | 188,463,000 | 132,440,000 | 77,277,000 | 301,307,000 | 90,322,000 | 65,959,000 | 54,553,000 | 505,026,000 | 154,961 | 148,631,000 | 592,458 | 167,323,000 | 135,266,000 | 94,673,000 | 363,930,000 | |||||||||||||||
equipment costs | 54,616,000 | 61,953,000 | 59,524,000 | 59,524,000 | 57,044,000 | 54,985,000 | 32,190,000 | 25,792,000 | 71,741,000 | 58,982,000 | 57,432,000 | 57,053,000 | 26,990,000 | 28,257,000 | 30,594,000 | 46,080,000 | 49,607,000 | 46,358,000 | 65,003,000 | 209,408,000 | 57,512,000 | 44,359,000 | 46,044,000 | 210,520,000 | 60,787 | 45,811,000 | 174,873 | 44,231,000 | 42,212,000 | 45,139,000 | 122,306,000 | ||||||||||||||||||
deferred income tax (benefit) expense | 1,222,000 | -540,000 | -47,000 | ||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 4,910,000 | 1,898,000 | |||||||||||||||||||||||||||||||||||||||||||||||
(i)see “non-gaap financial measures”. (ii)adjusted ebitda margin is calculated using adjusted ebitda over total combined revenue. (iii)see “accounting estimates, pronouncements and measures”. reconciliation of total reported revenue to total combined revenue | |||||||||||||||||||||||||||||||||||||||||||||||||
revenue from wholly-owned entities per financial statements | 233,417 | ||||||||||||||||||||||||||||||||||||||||||||||||
share of revenue from investments in affiliates and joint ventures | 183,006 | ||||||||||||||||||||||||||||||||||||||||||||||||
elimination of joint venture subcontract revenue | -96,315 | ||||||||||||||||||||||||||||||||||||||||||||||||
total combined revenue | 320,108 | ||||||||||||||||||||||||||||||||||||||||||||||||
(i)see “non-gaap financial measures”. reconciliation of reported gross profit to combined gross profit | |||||||||||||||||||||||||||||||||||||||||||||||||
gross profit from wholly-owned entities per financial statements | 42,590 | ||||||||||||||||||||||||||||||||||||||||||||||||
share of gross profit from investments in affiliates and joint ventures | 14,541 | ||||||||||||||||||||||||||||||||||||||||||||||||
combined gross profit | 57,131 | ||||||||||||||||||||||||||||||||||||||||||||||||
net realized gain on derivative financial instrument | |||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss | |||||||||||||||||||||||||||||||||||||||||||||||||
net realized and unrealized gain on derivative financial instrument | -253,000 | -551,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net income and comprehensive income | 2,742,000 | 19,386,000 | 6,830,000 | 13,299,000 | 19,035,000 | 7,606,000 | 14,008,000 | 7,260,000 | 33,000 | ||||||||||||||||||||||||||||||||||||||||
net realized and unrealized (gain) loss on derivative financial instruments | -2,484,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange loss | -112,000 | 62,000 | 23,000 | 33,000 | 134,000 | -17,862,000 | |||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||||||||||
net income and comprehensive income available to shareholders | 6,830,000 | 13,299,000 | 19,035,000 | 7,561,000 | 13,894,000 | 7,181,000 | |||||||||||||||||||||||||||||||||||||||||||
unrealized gain on derivative financial instrument | -2,496,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
operating income before the undernoted | 32,489,000 | 10,344,000 | 18,572,000 | 14,533,000 | 1,696,000 | 2,189,000 | 563,000 | 2,808,000 | 12,305,000 | 1,064,000 | 73,474,000 | 30,904,000 | 18,569,000 | 9,772,000 | -81,712,000 | 23,046 | 26,930,000 | 92,397 | 33,173,000 | 17,092,000 | -378,000 | 51,126,000 | |||||||||||||||||||||||||||
foreign exchange gain | 182,000 | 49,000 | -1,697,000 | -19,215,000 | 46,666,000 | -1,641,000 | -25,442 | -17,100,000 | -5,044,000 | ||||||||||||||||||||||||||||||||||||||||
unrealized loss on derivative financial instrument | 2,210,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on sublease | 1,732,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of assets held for sale | 185,000 | 23,000 | |||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange (gain) loss | -48,901,000 | -5,403,000 | -1,784,000 | -14,252,000 | |||||||||||||||||||||||||||||||||||||||||||||
net income attributable to non-controlling interest | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax | |||||||||||||||||||||||||||||||||||||||||||||||||
net income - basic | 0.55 | 0.29 | 0.44 | 2.28 | |||||||||||||||||||||||||||||||||||||||||||||
net income - diluted | 0.45 | 0.25 | 0.36 | 2.26 | |||||||||||||||||||||||||||||||||||||||||||||
select financial information: | |||||||||||||||||||||||||||||||||||||||||||||||||
net income margin | 9,700 | ||||||||||||||||||||||||||||||||||||||||||||||||
ebit | 17,077,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
ebit margin | 14,900 | ||||||||||||||||||||||||||||||||||||||||||||||||
ebitda | 35,422,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
consolidated ebitda | 37,912,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
consolidated ebitda margin | 33,100 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash dividend declared per share | 0.02 | ||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common shareholders | 11,131 | ||||||||||||||||||||||||||||||||||||||||||||||||
interest from convertible debentures | 441 | ||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income available to common shareholders | 11,572 | ||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares | 25,284,661 | ||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average of dilutive securities | |||||||||||||||||||||||||||||||||||||||||||||||||
dilutive effect of treasury shares | 2,651,684 | ||||||||||||||||||||||||||||||||||||||||||||||||
dilutive effect of stock options | 268,901 | ||||||||||||||||||||||||||||||||||||||||||||||||
dilutive effect of convertible debentures | 3,686,636 | ||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of diluted common shares | 31,891,882 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of plant and equipment | 13,000 | 41,000 | 5,325,000 | 1,612 | 1,144,000 | 5,000 | 576,000 | 269,000 | |||||||||||||||||||||||||||||||||||||||||
income tax expense | |||||||||||||||||||||||||||||||||||||||||||||||||
current | 2,118,000 | 284,000 | 168,000 | 3,259,000 | 1,228,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred | -811,000 | 237,000 | -3,241,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net income - basic & diluted | -0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends per share | 0.02 | ||||||||||||||||||||||||||||||||||||||||||||||||
equipment operating lease expense | 84,000 | 5,824,000 | 579,000 | 16,201,000 | 18,909,000 | 17,491,000 | 66,329,000 | 16,287,000 | 15,684,000 | 12,349,000 | 43,583,000 | 9,586 | 8,798,000 | 22,319 | 4,825,000 | 3,569,000 | 3,935,000 | 19,740,000 | |||||||||||||||||||||||||||||||
gain on disposal of piling assets and liabilities | -97,343,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of property plant and equipment | 273,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of assets held for sale | 1,195,000 | 40,000 | 373,000 | 649,000 | 41,000 | ||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated joint venture | -44,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on derivative financial instruments | |||||||||||||||||||||||||||||||||||||||||||||||||
loss on debt extinguishment | 6,476,000 | 4,346,000 | |||||||||||||||||||||||||||||||||||||||||||||||
income tax expense: | |||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | 82,731,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
per share information from continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||
net loss - basic | -0.24 | ||||||||||||||||||||||||||||||||||||||||||||||||
net loss - diluted | -0.24 | ||||||||||||||||||||||||||||||||||||||||||||||||
per share information from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations | -97,000 | 4,559,000 | |||||||||||||||||||||||||||||||||||||||||||||||
operating lease expense | 579,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangibles | 351,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
recovery of previously expensed tools, supplies and equipment parts | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of inventory | -46,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | 1,440,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss of unconsolidated joint venture | 609,000 | 274,000 | |||||||||||||||||||||||||||||||||||||||||||||||
realized and unrealized gain on derivative financial instruments | -2,392,000 | 54,411,000 | 1,046,000 | 34,075 | |||||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.05 | 0.07 | -0.29 | 0.78 | 0.58 | 0.02 | 0.41 | -3.87 | -0.03 | 0.53 | 1.11 | 0.71 | 0.06 | -0.29 | 0.87 | ||||||||||||||||||||||||||||||||||
general and administrative costs | 15,286,000 | 13,729,000 | 62,530,000 | 14,847,000 | 14,015,000 | 15,066,000 | 74,405,000 | 19,345 | 19,215,000 | 69,670 | 17,009,000 | 17,360,000 | 14,627,000 | 39,769,000 | |||||||||||||||||||||||||||||||||||
(gain) loss on disposal of assets held for sale | -25,000 | -317,000 | |||||||||||||||||||||||||||||||||||||||||||||||
realized and unrealized (gain) loss on derivative financial instruments | -1,308,000 | -2,363,000 | -25,081,000 | -5,419,000 | -196,000 | ||||||||||||||||||||||||||||||||||||||||||||
other income | -9,000 | -14,000 | 533,000 | -5,955,000 | -3 | -18,000 | -418 | -115,000 | -128,000 | -108,000 | -904,000 | ||||||||||||||||||||||||||||||||||||||
income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||
net income and comprehensive income for the period | 2,369,000 | -10,309,000 | 20,797,000 | 809,000 | 14,774,000 | -1,222 | 19,096,000 | 25,377,000 | 2,068,000 | -10,323,000 | |||||||||||||||||||||||||||||||||||||||
equity in loss (earnings) of unconsolidated joint venture | 243,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
realized and unrealized loss on derivative financial instruments | 3,008,000 | 26,271,000 | 7,618 | 21,236,000 | 23,949,000 | ||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill | 176,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income taxes: | |||||||||||||||||||||||||||||||||||||||||||||||||
current income taxes | 3,803,000 | 591,000 | 1,264,000 | 5,546,000 | 62 | 80 | 8,000 | 21,000 | -2,975,000 | ||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 9,876,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net income and comprehensive income for the year | 28,219,000 | -139,515,000 | 39,784 | ||||||||||||||||||||||||||||||||||||||||||||||
other incomes | 471,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
future income taxes | 7,159,000 | -693,000 | 3,997,000 | 9,177,000 | 1,915 | 5,309,000 | 17,299 | 7,707,000 | 1,972,000 | -3,626,000 | 382,000 | ||||||||||||||||||||||||||||||||||||||
(deficit), beginning of period — as previously reported | -142,228,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
change in accounting policy related to inventories | 991,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
deficit, end of period | -121,431,000 | -142,228,000 | -157,811,000 | -422 | -40,180,000 | -65,557,000 | -67,625,000 | ||||||||||||||||||||||||||||||||||||||||||
other expenses | -200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
(deficit) retained earnings, beginning of period — as previously reported | -143,037,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
deficit, beginning of period – as previously reported | -157,811,000 | -19,287,000 | -19,287,000 | -65,557,000 | -67,625,000 | -55,526,000 | |||||||||||||||||||||||||||||||||||||||||||
(deficit) retained earnings , end of period | -143,037,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on repurchase of nacg preferred corp. series a preferred shares | -9,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 10,935,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
change in accounting policy related to financial instruments | -3,545 | 1,776,000 | |||||||||||||||||||||||||||||||||||||||||||||||
premium on repurchase of common shares | -59,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of asset held for sale | 2 | 22,000 | 316,000 | ||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange loss/ | 8,236 | ||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings (deficit), beginning of period — as previously reported | 800 | ||||||||||||||||||||||||||||||||||||||||||||||||
realized and unrealized (gain)/loss on derivative financial instruments | -2,265,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
change in account policy related to inventories | 991,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings (deficit), end of period | 800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of plant and equipment | 179 | ||||||||||||||||||||||||||||||||||||||||||||||||
deficit, beginning of year – as previously stated | -55,526 | ||||||||||||||||||||||||||||||||||||||||||||||||
deficit, end of year | -19,287 | -55,526,000 | |||||||||||||||||||||||||||||||||||||||||||||||
financing costs | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of equipment | 959,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
deficit, beginning of year | -76,546,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-06-30 | 2015-03-31 | 2013-09-30 | 2012-02-02 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-11-03 | 2009-09-30 | 2009-06-30 | 2009-06-09 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-06-23 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-06-20 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||
cash | 101,637,000 | 79,025,000 | 78,241,000 | 77,875,000,000 | 77,670,000 | 68,343,000 | 80,095,000 | 88,614,000,000 | 40,441,000 | 21,749,000 | 15,659,000 | 69,144,000,000 | 23,187,000 | 11,717,000 | 20,122,000 | 16,601,000,000 | 15,021,000 | 16,791,000 | 31,733,000 | 43,915,000,000 | 40,331,000 | 41,329,000 | 38,633,000 | 5,544,000 | 12,162,000 | 17,433,000 | 20,415,000 | 2,836,000 | 25,665,000 | |||||||||||||||||||
accounts receivable | 175,933,000 | 195,313,000 | 186,850,000 | 166,070,000,000 | 158,179,000 | 142,451,000 | 138,451,000 | 97,855,000,000 | 78,570,000 | 78,916,000 | 92,305,000 | 83,811,000,000 | 87,192,000 | 67,160,000 | 57,705,000 | 68,787,000,000 | 66,427,000 | 48,823,000 | 65,266,000 | 36,373,000,000 | 43,279,000 | 26,585,000 | 57,677,000 | 66,746,000 | 90,602,000 | 71,150,000 | 71,373,000 | 53,142,000 | 50,115,000 | 79,968,000 | 145,706,000 | 101,525,000 | 89,925,000 | 111,884,000 | 91,716,000 | 87,893,000 | 87,893,000 | 70,247,000 | 78,323,000 | 143,248,000 | 138,644,000 | 127,554,000 | 166,002 | 115,512,000 | 124,048,000 | 110,562,000 | 93,220,000 | 93,220,000 |
contract assets | 12,168,000 | 15,670,000 | 19,676,000 | 4,135,000,000 | 16,128,000 | 12,886,000 | 15,874,000 | 35,027,000,000 | 13,482,000 | 10,688,000 | 9,739,000 | 15,802,000,000 | 10,938,000 | 9,906,000 | 10,702,000 | 9,759,000,000 | 10,512,000 | 5,454,000 | 5,609,000 | 7,034,000,000 | 5,365,000 | 1,611,000 | 1,075,000 | 19,193,000 | 19,485,000 | 36,075,000 | 29,507,000 | 8,848,000 | ||||||||||||||||||||
inventories | 74,229,000 | 74,217,000 | 74,242,000 | 74,081,000,000 | 77,150,000 | 69,388,000 | 68,876,000 | 64,962,000,000 | 57,086,000 | 56,169,000 | 53,264,000 | 49,898,000,000 | 44,142,000 | 47,402,000 | 54,029,000 | 44,544,000,000 | 49,352,000 | 27,999,000 | 21,735,000 | 19,174,000,000 | 20,068,000 | 21,810,000 | 23,822,000 | 21,649,000 | 26,990,000 | 20,073,000 | 15,220,000 | 6,201,000 | 6,430,000 | 6,424,000 | 20,830,000 | 4,906,000 | 10,385,000 | 5,659,000 | 8,088,000 | 10,079,000 | 10,079,000 | 7,717,000 | 11,814,000 | |||||||||
prepaid expenses and deposits | 8,674,000 | 5,540,000 | 6,523,000 | 7,676,000,000 | 8,477,000 | 7,942,000 | 7,946,000 | 7,402,000,000 | 7,582,000 | 9,526,000 | 9,535,000 | 10,587,000,000 | 11,150,000 | 4,461,000 | 4,619,000 | 6,828,000,000 | 6,542,000 | 4,445,000 | 3,942,000 | 4,999,000,000 | 5,274,000 | 2,829,000 | 4,043,000 | 4,245,000 | 5,520,000 | 3,377,000 | 3,724,000 | 2,882,000 | 1,744,000 | 2,699,000 | 9,119,000 | 10,511,000 | 10,744,000 | 6,881,000 | 7,982,000 | 7,453,000 | 7,453,000 | 8,799,000 | 4,781,000 | 6,817,000 | 8,387,000 | 8,594,000 | 9,300 | 6,975,000 | 7,187,000 | 8,248,000 | 11,932,000 | 11,932,000 |
assets held for sale | 112,000 | 683,000 | 782,000 | 7,355,000 | 10,707,000 | 1,257,000 | 501,000 | 869,000 | 373,000 | 384,000 | 43,000 | 294,000 | 723,000 | 4,119,000 | 5,006,000 | 4,583,000 | 4,273,000 | 4,867,000 | 1,196,000 | 4,066,000 | 357,000 | 229,000 | 2,233,000 | 838,000 | 838,000 | 1,038,000 | 2,857,000 | 2,857,000 | 2,117,000 | 2,760,000 | 1,206,000 | 856,000 | 860,000 | 1,074 | ||||||||||||||
property, plant and equipment, net of accumulated depreciation | 1,386,512,000 | 1,350,451,000 | 1,314,635,000 | 1,235,447,000 | 1,204,091,000 | 1,165,183,000 | 695,176,000 | 683,822,000 | 663,476,000 | 645,454,000 | 641,580,000 | 643,561,000 | 646,256,000 | 641,410,000 | 644,220,000 | 633,942,000 | 629,230,000 | 617,034,000 | 597,821,000 | 586,289,000 | 566,956,000 | |||||||||||||||||||||||||||
operating lease right-of-use assets | 11,051,000 | 11,181,000 | 11,539,000 | 13,404,000 | 13,962,000 | 14,402,000 | 13,151,000 | 13,542,000 | 14,289,000 | 15,540,000 | 16,437,000 | 13,819,000 | 15,820,000 | 16,057,000 | 17,055,000 | 19,207,000 | 20,211,000 | 21,056,000 | 14,094,000 | 14,871,000 | 15,172,000 | |||||||||||||||||||||||||||
investments in affiliates and joint ventures | 85,365,000 | 79,181,000 | 86,341,000 | 85,192,000 | 81,206,000 | 74,498,000 | 85,713,000 | 82,981,000 | 76,703,000 | 69,363,000 | 59,761,000 | 60,478,000 | 52,936,000 | 43,087,000 | 38,859,000 | 50,687,000 | 47,017,000 | 45,586,000 | 9,736,000 | 8,557,000 | 9,385,000 | |||||||||||||||||||||||||||
intangible assets | 10,657,000 | 10,159,000 | 10,072,000 | 10,052,000 | 8,066,000 | 7,614,000 | 5,881,000 | 6,199,000 | 6,593,000 | 8,433,000 | 7,652,000 | 7,669,000 | 1,980,000 | 2,319,000 | 2,319,000 | 1,938,000 | 1,041,000 | |||||||||||||||||||||||||||||||
other assets | 5,509,000 | 5,795,000 | 5,581,000 | 5,082,000 | 5,666,000 | 6,015,000 | 11,198,000 | 6,779,000 | 8,079,000 | 2,602,000 | 4,726,000 | 8,019,000 | 7,355,000 | 8,973,000 | 7,515,000 | 7,737,000 | 8,465,000 | 5,837,000 | 8,095,000 | 7,643,000 | 8,227,000 | 5,355,000 | 9,183,000 | 10,741,000 | 21,045,000 | 3,703 | 3,376,000 | 5,468,000 | 6,330,000 | 10,164,000 | 10,164,000 | |||||||||||||||||
total assets | 1,871,847,000 | 1,827,215,000 | 1,794,482,000 | 1,694,264,000,000 | 1,694,136,000 | 1,624,708,000 | 1,580,211,000 | 1,546,478,000,000 | 1,009,065,000 | 971,317,000 | 950,015,000 | 979,513,000,000 | 917,369,000 | 870,183,000 | 879,520,000 | 869,278,000,000 | 874,932,000 | 817,158,000 | 841,547,000 | 838,928,000,000 | 844,078,000 | 816,477,000 | 836,749,000 | 792,652,000 | 795,168,000 | 774,889,000 | 752,479,000 | 399,050,000 | 407,662,000 | 487,620,000 | 759,761,000 | 702,617,000 | ||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 122,699,000 | 143,044,000 | 138,700,000 | -110,750,000,000 | 123,110,000 | 119,742,000 | 124,017,000 | -146,190,000,000 | 76,173,000 | 80,946,000 | 81,377,000 | -102,549,000,000 | 85,116,000 | 73,645,000 | 65,065,000 | -76,251,000,000 | 70,787,000 | 46,523,000 | 49,379,000 | -41,369,000,000 | 34,787,000 | 35,502,000 | 56,014,000 | 64,395,000 | 89,089,000 | 79,772,000 | 48,579,000 | 26,433,000 | 54,554,000 | 143,343,000 | 106,231,000 | 71,847,000 | 66,876,000 | 78,097,000 | 70,167,000 | 70,167,000 | 50,375,000 | 56,204,000 | 93,321,000 | 95,811,000 | 148,578,000 | 113,143 | 102,994,000 | 130,057,000 | 81,320,000 | 94,548,000 | 94,548,000 | |
accrued liabilities | 77,434,000 | 60,966,000 | 59,454,000 | -77,908,000,000 | 47,724,000 | 57,100,000 | 61,502,000 | -94,726,000,000 | 41,017,000 | 23,234,000 | 30,954,000 | -43,784,000,000 | 23,440,000 | 19,499,000 | 23,810,000 | -33,389,000,000 | 23,833,000 | 12,399,000 | 18,410,000 | -19,111,000,000 | 13,480,000 | 15,334,000 | 19,658,000 | 18,338,000 | 18,710,000 | 15,267,000 | 9,410,000 | 16,818,000 | 14,736,000 | 30,734,000 | 33,475,000 | 32,818,000 | 47,191,000 | 26,770,000 | 41,118,000 | 41,118,000 | 31,491,000 | 52,135,000 | 29,872,000 | 38,983,000 | 30,025,000 | 45,078 | 16,097,000 | 21,067,000 | 18,979,000 | 23,393,000 | 23,393,000 | |
contract liabilities | 22,878,000 | 6,444,000 | 6,734,000 | -1,944,000,000 | 300,000 | 9,000 | 1,366,000 | -59,000,000 | 69,000 | 4,000 | -1,411,000,000 | 157,000 | 519,000 | 1,648,000 | -3,349,000,000 | 1,892,000 | 1,266,000 | 5,571,000 | -1,512,000,000 | 122,000 | 391,000 | 4,791,000 | 2,776,000 | 1,982,000 | 773,000 | |||||||||||||||||||||||
current portion of long-term debt | 152,439,000 | 149,539,000 | 150,301,000 | 94,485,000 | 91,962,000 | 84,178,000 | 39,357,000 | 42,319,000 | 42,818,000 | 20,557,000 | 20,575,000 | 19,895,000 | 19,540,000 | 18,275,000 | 18,338,000 | 16,178,000 | 17,108,000 | 21,150,000 | 32,403,000 | 32,882,000 | ||||||||||||||||||||||||||||
current portion of contingent obligations | 31,424,000 | 33,021,000 | 40,139,000 | 37,601,000 | 32,350,000 | 27,258,000 | ||||||||||||||||||||||||||||||||||||||||||
current portion of operating lease liabilities | 1,576,000 | 1,488,000 | 1,475,000 | 1,852,000 | 1,670,000 | 1,891,000 | 1,767,000 | 1,937,000 | 2,561,000 | 2,971,000 | 3,542,000 | 3,179,000 | 3,333,000 | 3,364,000 | 3,701,000 | 4,007,000 | 3,997,000 | 3,830,000 | 3,567,000 | 3,521,000 | 3,429,000 | |||||||||||||||||||||||||||
long-term debt | 746,894,000 | 723,061,000 | 663,622,000 | 723,487,000 | 692,150,000 | 654,953,000 | 392,648,000 | 369,735,000 | 352,719,000 | 363,237,000 | 328,486,000 | 321,167,000 | 337,609,000 | 323,233,000 | 332,095,000 | 365,588,000 | 334,561,000 | 360,401,000 | 331,767,000 | 277,266,000 | ||||||||||||||||||||||||||||
contingent obligations | 68,666,000 | 63,816,000 | 91,107,000 | 127,866,000,000 | 101,752,000 | |||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 9,923,000 | 10,279,000 | 10,612,000 | 12,010,000 | 12,705,000 | 12,868,000 | 11,761,000 | 11,762,000 | 12,385,000 | 12,730,000 | 13,028,000 | 10,755,000 | 12,475,000 | 12,660,000 | 13,302,000 | 15,110,000 | 16,102,000 | 17,095,000 | 11,464,000 | 12,311,000 | 13,143,000 | |||||||||||||||||||||||||||
other long-term obligations | 27,759,000 | 42,910,000 | 42,792,000 | 41,768,000 | 42,103,000 | 45,738,000 | 25,924,000 | 24,488,000 | 21,946,000 | 19,917,000 | 21,385,000 | 27,834,000 | 26,426,000 | 24,806,000 | 19,784,000 | 17,159,000 | 16,827,000 | 16,431,000 | 23,420,000 | 22,177,000 | 7,547,000 | |||||||||||||||||||||||||||
deferred tax liabilities | 139,067,000 | 132,431,000 | 127,615,000 | 118,133,000 | 113,808,000 | 108,661,000 | 80,713,000 | 80,273,000 | 79,032,000 | 65,210,000 | 60,928,000 | 59,708,000 | 54,014,000 | 52,198,000 | 52,738,000 | 61,250,000 | 57,273,000 | 60,603,000 | 46,791,000 | 47,427,000 | 49,431,000 | 40,180,000 | 6,749,000 | 18,022,000 | 30,586,000 | 31,435,000 | 21,527,000 | 16,781,000 | ||||||||||||||||||||
shareholders' equity | 471,088,000 | 460,216,000 | 461,931,000 | 391,914,000 | 379,631,000 | 365,945,000 | 339,636,000 | 336,623,000 | 326,219,000 | 281,059,000 | 278,866,000 | 289,948,000 | 263,023,000 | 254,320,000 | 251,888,000 | 238,341,000 | 234,266,000 | 187,760,000 | ||||||||||||||||||||||||||||||
common shares | 288,524,000 | 295,074,000 | 298,858,000 | 229,455,000 | 229,455,000 | 229,455,000 | 229,455,000 | 229,455,000 | 229,455,000 | 229,455,000 | 237,897,000 | 246,553,000 | 246,815,000 | 246,815,000 | 246,545,000 | 254,689,000 | 254,689,000 | 221,637,000 | 225,707,000 | 224,346,000 | 224,259,000 | 223,603,000 | 285,435,000 | 305,382,000 | 304,896,000 | 303,927,000 | 303,593,000 | 303,505,000 | 299,973,000 | 299,973,000 | 299,973,000 | 299,973,000 | 299,973,000 | 299,973,000 | 299,973,000 | 299,871,000 | 298,436 | 297,216,000 | 296,198,000 | 296,198,000 | ||||||||
treasury shares | -14,743,000 | -16,156,000 | -16,036,000 | -15,809,000 | -16,394,000 | -16,277,000 | -16,052,000 | -16,701,000 | -16,554,000 | -16,324,000 | -17,997,000 | -17,869,000 | -17,735,000 | -18,158,000 | -18,080,000 | -17,926,000 | -21,870,000 | |||||||||||||||||||||||||||||||
additional paid-in capital | 7,727,000 | 16,783,000 | 20,856,000 | 22,524,000 | 23,279,000 | 22,140,000 | 19,329,000 | 24,578,000 | 23,231,000 | 21,046,000 | 30,550,000 | 38,128,000 | 36,257,000 | 40,806,000 | 40,188,000 | 45,620,000 | 51,153,000 | 49,755,000 | 49,028,000 | 54,771,000 | 53,837,000 | 57,169,000 | 22,949,000 | 10,664,000 | 7,618,000 | 6,279,000 | 7,825,000 | 7,439,000 | ||||||||||||||||||||
retained earnings | 179,610,000 | 165,698,000 | 158,877,000 | 154,398,000 | 143,060,000 | 131,727,000 | 108,060,000 | 99,347,000 | 89,726,000 | 46,482,000 | 28,398,000 | 23,143,000 | 800,000 | |||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 9,970,000 | 1,346,000 | 231,000 | -1,100,000 | -1,156,000 | -56,000 | 361,000 | 400,000 | 18,000 | 5,000 | ||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 1,871,847,000 | 1,827,215,000 | 1,794,482,000 | 1,694,136,000 | 1,624,708,000 | 1,580,211,000 | 1,009,065,000 | 971,317,000 | 950,015,000 | 917,369,000 | 870,183,000 | 879,520,000 | 874,932,000 | 817,158,000 | 841,547,000 | 844,078,000 | 816,477,000 | 836,749,000 | 795,168,000 | 774,889,000 | 752,479,000 | 399,050,000 | 407,662,000 | 487,620,000 | 759,761,000 | 702,617,000 | ||||||||||||||||||||||
accumulated other comprehensive loss | -1,183,000 | -624,000 | -6,000 | |||||||||||||||||||||||||||||||||||||||||||||
working capital assets | ||||||||||||||||||||||||||||||||||||||||||||||||
working capital liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
total net working capital | 61,360,000,000 | -35,729,000,000 | 12,354,000,000 | 19,602,000,000 | 7,557,000,000 | 7,065,000 | ||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment | 1,246,584,000,000 | 1,142,946,000,000 | 645,810,000,000 | 640,950,000,000 | 633,704,000,000 | 587,729,000 | 307,293,000 | 272,693,000 | 326,741,000 | 331,314,000 | 326,550,000 | 328,743,000 | 347,396,000 | 354,419,000 | 354,419,000 | |||||||||||||||||||||||||||||||||
credit facility | 395,844,000,000 | 317,488,000,000 | 180,000,000,000 | 110,000,000,000 | 220,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||
equipment financing | 253,639,000,000 | 220,466,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
mortgage | 27,600,000,000 | 28,429,000,000 | 29,231,000,000 | 30,000,000,000 | 21,206,000,000 | 21,739,000 | ||||||||||||||||||||||||||||||||||||||||||
total debt | 804,949,000,000 | 679,809,000,000 | 424,912,000,000 | 385,626,000,000 | 429,522,000,000 | 412,131,000 | ||||||||||||||||||||||||||||||||||||||||||
convertible debentures | 129,106,000,000 | 129,750,000,000 | 129,750,000,000 | 129,750,000,000 | 55,000,000,000 | 94,031,000 | ||||||||||||||||||||||||||||||||||||||||||
net debt | 856,180,000,000 | 720,945,000,000 | 355,768,000,000 | 369,025,000,000 | 385,607,000,000 | 406,587,000 | ||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 388,902,000,000 | 356,654,000,000 | 305,919,000,000 | 278,463,000,000 | 248,443,000,000 | |||||||||||||||||||||||||||||||||||||||||||
invested capital | 1,245,082,000,000 | 1,077,599,000,000 | 661,687,000,000 | 647,488,000,000 | 634,050,000,000 | 586,706,000 | ||||||||||||||||||||||||||||||||||||||||||
24 | ||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of contingent obligations | 81,478,000 | 91,834,000 | ||||||||||||||||||||||||||||||||||||||||||||||
obligation related to mackellar acquisition | 113,426,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 284,000 | 77,000 | 374,000 | 374,000 | 394,000 | 13,605,000 | 13,117,000 | 17,119,000 | 10,663,000 | 9,421,000 | 11,304,000 | 8,427,000 | 5,658,000 | 8,645,000 | 1,607,000 | 2,785,000 | 2,843,000 | 3,481,000 | ||||||||||||||||||||||||||||||
contract costs | 2,673,000,000 | 1,969,000,000 | 1,016,000 | |||||||||||||||||||||||||||||||||||||||||||||
finance lease obligations | 41,804,000,000 | 21,690,000 | 26,416,000 | 31,203,000 | 54,721,000,000 | 35,584,000 | 40,831,000 | 47,436,000 | 69,472,000,000 | 49,098,000 | 54,844,000 | 61,107,000 | 76,278,000 | 54,512,000 | 64,398,000 | 67,823,000 | ||||||||||||||||||||||||||||||||
financing obligations | 32,889,000,000 | 47,945,000,000 | 51,118,000,000 | 15,435,000 | ||||||||||||||||||||||||||||||||||||||||||||
promissory notes | 11,238,000,000 | 13,210,000,000 | 12,726,000,000 | 14,648,000 | ||||||||||||||||||||||||||||||||||||||||||||
senior debt | 265,931,000,000 | 225,876,000,000 | 353,316,000,000 | 296,361,000 | ||||||||||||||||||||||||||||||||||||||||||||
(i)includes | ||||||||||||||||||||||||||||||||||||||||||||||||
(ii)see | ||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and intangible assets | 7,043,000 | 6,616,000 | 5,778,000 | 3,988,000 | ||||||||||||||||||||||||||||||||||||||||||||
current portion of finance lease obligations | 21,285,000 | 23,294,000 | 25,308,000 | 26,416,000 | 27,283,000 | 28,905,000 | 28,958,000 | 30,272,000 | 32,700,000 | 30,507,000 | 30,675,000 | 37,270,000 | ||||||||||||||||||||||||||||||||||||
includes current portion. | ||||||||||||||||||||||||||||||||||||||||||||||||
see “non-gaap financial measures”. | ||||||||||||||||||||||||||||||||||||||||||||||||
the prior year amounts are adjusted to reflect a change in accounting policy. see “accounting estimates, pronouncements and measures”. | ||||||||||||||||||||||||||||||||||||||||||||||||
derivative financial instruments | 607,000 | 1,175,000 | 7,736,000 | 12,790,000 | 14,291,000 | 75,001,000 | 86,189,000 | 88,707,000 | 88,707,000 | 60,015,000 | 50,562,000 | 55,774,000 | 87,629,000 | 90,978,000 | 93,019 | 96,676,000 | 104,080,000 | 83,843,000 | 60,863,000 | 60,863,000 | ||||||||||||||||||||||||||||
deficit | -2,308,000 | -15,143,000 | -16,765,000 | -44,042,000 | -49,706,000 | -168,943,000 | -137,826,000 | -140,195,000 | -129,886,000 | -121,431,000 | -142,228,000 | -143,037,000 | -157,811,000 | -15,121,000 | -422,000 | -19,287 | -40,180,000 | -65,557,000 | -67,625,000 | -55,526,000 | -55,526,000 | |||||||||||||||||||||||||||
26 | ||||||||||||||||||||||||||||||||||||||||||||||||
current assets - sum | 118,900,000 | 98,437,000 | 77,975,000 | 118,374,000 | 151,745,000 | 321,904,000 | ||||||||||||||||||||||||||||||||||||||||||
current liabilities - sum | 97,532,000 | 102,604,000 | 87,203,000 | 74,888,000 | 112,137,000 | 233,831,000 | ||||||||||||||||||||||||||||||||||||||||||
subsequent events | ||||||||||||||||||||||||||||||||||||||||||||||||
credit facilities | 190,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
nuna credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 180,119,000 | |||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity attributable to common shareholders | 172,761,000 | 173,090,000 | 158,727,000 | |||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest | 452,000 | 567,000 | 453,000 | |||||||||||||||||||||||||||||||||||||||||||||
current portion of long term debt | 30,617,000 | 13,358,000 | 6,072,000 | 6,072,000 | 7,591,000 | 7,591,000 | 2,065,000 | |||||||||||||||||||||||||||||||||||||||||
long term debt | 265,227,000 | 62,190,000 | 58,733,000 | 103,023,000 | 313,946,000 | 22,374,000 | 23,892,000 | 25,409,000 | 25,409,000 | 9,735,000 | ||||||||||||||||||||||||||||||||||||||
other long term obligations | 29,338,000 | 18,231,000 | 3,382,000 | 6,389,000 | 11,040,000 | |||||||||||||||||||||||||||||||||||||||||||
current portion of capital lease obligation | 28,441,000 | 22,467,000 | ||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligations | 40,527,000 | 1,488,000 | 6,212,000 | 7,314,000 | 8,340,000 | 9,083,000 | 9,898,000 | 9,898,000 | 11,243,000 | 12,075,000 | 12,962,000 | 11,804,000 | 9,968,000 | 10,043 | 7,840,000 | 5,169,000 | 5,699,000 | 6,514,000 | 6,514,000 | |||||||||||||||||||||||||||||
unbilled revenue | 28,405,000 | 46,927,000 | 141,521,000 | 137,197,000 | 90,284,000 | 84,702,000 | 82,232,000 | 67,615,000 | 67,615,000 | 59,064,000 | 55,907,000 | 60,657,000 | 110,160,000 | 89,533,000 | 70,883 | 73,447,000 | 72,689,000 | 57,029,000 | 82,833,000 | 82,833,000 | ||||||||||||||||||||||||||||
plant and equipment | 256,789,000 | 340,513,000 | 329,705,000 | 338,749,000 | 335,762,000 | 331,575,000 | 281,039 | 284,762,000 | 280,490,000 | 255,434,000 | 255,963,000 | 255,963,000 | ||||||||||||||||||||||||||||||||||||
billings in excess of costs incurred and estimated earnings on uncompleted contracts | 2,421,000 | 8,114,000 | 12,811,000 | 4,024,000 | 3,067,000 | 1,614,000 | 1,901,000 | 4,197,000 | 4,197,000 | 2,069,000 | 2,155,000 | 6,842,000 | 13,593,000 | 12,328,000 | 4,772 | 3,619,000 | 1,979,000 | 2,999,000 | 2,999,000 | |||||||||||||||||||||||||||||
capital lease obligation | 38,918,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 6,853,000 | 1,797,000 | 56,180,000 | 78,868,000 | 103,005,000 | 96,443,000 | 97,716,000 | 97,716,000 | 80,273,000 | 98,880,000 | 42,309,000 | 51,332,000 | 32,871 | 21,243,000 | 9,480,000 | 7,895,000 | 7,895,000 | |||||||||||||||||||||||||||||||
current portion of derivative financial instruments | 3,353,000 | 2,832,000 | 2,743,000 | 2,550,000 | 22,054,000 | 5,084,000 | 5,017,000 | 5,017,000 | 4,639,000 | 11,439,000 | 12,226,000 | 7,203,000 | 4,803,000 | 4,720 | 4,640,000 | 4,458,000 | 3,920,000 | |||||||||||||||||||||||||||||||
liabilities held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||
investment in and advances to unconsolidated joint venture | 1,324,000 | 3,691,000 | 3,215,000 | |||||||||||||||||||||||||||||||||||||||||||||
goodwill | 32,901,000 | 25,111,000 | 25,111,000 | 25,111,000 | 25,111,000 | 25,361,000 | 25,361,000 | 23,872,000 | 23,872,000 | 167,319,000 | 200,072,000 | 200,072,000 | 200,072 | 200,056,000 | 200,056,000 | 200,056,000 | 199,392,000 | 199,392,000 | ||||||||||||||||||||||||||||||
current portion of capital lease obligations | 3,525,000 | 4,416,000 | 4,699,000 | 5,053,000 | 5,287,000 | 5,295,000 | 5,295,000 | 5,395,000 | 5,409,000 | 10,202,000 | 5,398,000 | 4,747,000 | 4,733 | 3,915,000 | 3,224,000 | 3,221,000 | 3,195,000 | 3,195,000 | ||||||||||||||||||||||||||||||
current portion of term facilities | 10,000,000 | 14,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity - sum | 143,576,000 | |||||||||||||||||||||||||||||||||||||||||||||||
contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | 8,398,000 | 8,539,000 | 6,725,000 | |||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||
long term accrued liabilities | 16,625,000 | 15,317,000 | 14,943,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred lease inducements | 707,000 | 734,000 | 761,000 | 788,000 | 970,000 | 970,000 | 810,000 | 836,000 | 862,000 | 888,000 | 915,000 | 941 | 967,000 | 993,000 | 1,108,000 | |||||||||||||||||||||||||||||||||
term facilities | 59,446,000 | 65,946,000 | ||||||||||||||||||||||||||||||||||||||||||||||
8¾% senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||
series 1 debentures | 225,000,000 | 225,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
asset retirement obligation | 377,000 | 368,000 | 360,000 | 351,000 | 343,000 | 343,000 | 395,000 | 386,000 | 470,000 | 417,000 | 726,000 | |||||||||||||||||||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||
8 ¾% senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||
director deferred stock unit liability | 2,674,000 | 2,548,000 | 1,834,000 | 1,363,000 | 1,363,000 | 1,220,000 | 546,000 | 380,000 | 421,000 | 459,000 | ||||||||||||||||||||||||||||||||||||||
restricted share unit liability | 1,333,000 | 1,030,000 | 639,000 | |||||||||||||||||||||||||||||||||||||||||||||
investment in and advances to unconsolidated joint ventures | 2,917,000 | |||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||
senior notes | 203,120,000 | 204,953,000 | 210,396,000 | 210,396,000 | 231,527,000 | 252,899,000 | 244,214,000 | 211,843,000 | 195,613,000 | 198,245 | 190,546,000 | 190,860,000 | 204,820,000 | 230,580,000 | 230,580,000 | |||||||||||||||||||||||||||||||||
shareholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||
future income taxes | 12,954,000 | 7,307,000 | 7,307,000 | 7,865,000 | 7,033,000 | 2,488,000 | 7,290,000 | 10,563,000 | 8,217 | 3,165,000 | 21,956,000 | 16,067,000 | 14,593,000 | 14,593,000 | ||||||||||||||||||||||||||||||||||
contributed surplus | 7,135,000 | 6,817,000 | 6,817,000 | 6,340,000 | 5,275,000 | 4,993,000 | 4,455,000 | 3,824,000 | 4,215 | 3,945,000 | 4,075,000 | 3,687,000 | 3,606,000 | 3,606,000 | ||||||||||||||||||||||||||||||||||
current assets: - sum | 278,063,000 | |||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: - sum | 141,711,000 | |||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: - sum | 164,562,000 | |||||||||||||||||||||||||||||||||||||||||||||||
inventory | 15,210,000 | 9,403,000 | 6,900,000 | 110 | 114,000 | 154,000 | 156,000 | 156,000 | 156,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 2,927 | 1,306,000 | |||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 2,659 | 1,574,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cheques issued in excess of cash deposits | 311,000 | 4,669,000 | ||||||||||||||||||||||||||||||||||||||||||||||
revolving credit facility | 10,000,000 | 20,000,000 | 20,000,000 | 20,500,000 | 20,500,000 | |||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 2,384 | 1,850,000 | |||||||||||||||||||||||||||||||||||||||||||||||
asset held for sale | 8,268,000 | 8,268,000 | ||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 19,450 | 2,128 | |||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of nil | ||||||||||||||||||||||||||||||||||||||||||||||||
current portion of revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||
director share unit liability | 190 | |||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 19,181 | 2,447,000 | |||||||||||||||||||||||||||||||||||||||||||||||
common shares (authorized – unlimited number of voting and non- | ||||||||||||||||||||||||||||||||||||||||||||||||
voting common shares; issued and outstanding – 35,951,684 | ||||||||||||||||||||||||||||||||||||||||||||||||
voting common shares (march 31, 2007 – 35,192,260 voting | ||||||||||||||||||||||||||||||||||||||||||||||||
common shares and 412,400 non-voting common shares)) | 298,481,000 | |||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 18,738 | 2,883,000 | |||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 18,556 (march | ||||||||||||||||||||||||||||||||||||||||||||||||
31, 2007 - 17,608) | 3,065,000 | |||||||||||||||||||||||||||||||||||||||||||||||
deffered financing costs, net of accumulated amortization of nil (march | ||||||||||||||||||||||||||||||||||||||||||||||||
31,2007 - 7,595) | ||||||||||||||||||||||||||||||||||||||||||||||||
billings in excess of costs incurred and estimated earnings on | ||||||||||||||||||||||||||||||||||||||||||||||||
uncompleted contracts | 5,459,000 | |||||||||||||||||||||||||||||||||||||||||||||||
common shares (authorized – unlimited number of voting and | ||||||||||||||||||||||||||||||||||||||||||||||||
non-voting common shares; issued and outstanding – | ||||||||||||||||||||||||||||||||||||||||||||||||
35,339,660 voting common shares and 412,400 non-voting | ||||||||||||||||||||||||||||||||||||||||||||||||
common shares (march 31, 2007 – 35,192,260 voting common | ||||||||||||||||||||||||||||||||||||||||||||||||
shares and 412,400 non-voting common shares)) | 297,216,000 | |||||||||||||||||||||||||||||||||||||||||||||||
guarantee | ||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 17,608 | 600,000 | 600,000 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 7,595 | 11,356,000 | 11,356,000 | ||||||||||||||||||||||||||||||||||||||||||||||
redeemable preferred shares | ||||||||||||||||||||||||||||||||||||||||||||||||
commitments | ||||||||||||||||||||||||||||||||||||||||||||||||
united states generally accepted accounting principles |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-06-30 | 2015-03-31 | 2012-02-02 | 2010-09-30 | 2010-06-30 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2008-09-30 | 2008-06-30 | 2007-09-30 | 2007-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash from | |||||||||||||||||||||||||||||||||||||||
operating activities: | |||||||||||||||||||||||||||||||||||||||
net income | 7,046,000 | 4,087,000 | 6,163,000 | 30,184,000 | -106,000 | 2,638,000 | 11,369,000 | 51,754,000 | -875,000 | -9,584,000 | 21,846,000 | 67,351,780,000 | 12,706,000 | -6,043,000 | 13,557,000 | 537,000 | -504,000 | ||||||||||||||||||||||
adjustments to reconcile net income to cash from operating activities: | |||||||||||||||||||||||||||||||||||||||
depreciation | -5,019,000 | -6,203,000 | 60,714,000 | -1,269,000 | -4,318,000 | 43,941,000 | 4,240,000 | -12,033,000 | 36,385,000 | 36,000 | -4,352,000 | 30,692,000 | -4,999,000 | -4,773,000 | 31,198,000 | 7,325,000 | -20,757,000 | 32,308,000 | 29,281,000 | -501,000 | 11,538,000 | 2,265,000 | -149,000 | 8,203,000 | -814,000 | 2,640,000 | 9,347,000 | 2,510,000 | 8,158,000 | -1,658,000 | 8,976,000 | ||||||||
amortization of deferred financing costs | 84,000 | 110,000 | 582,000 | 16,000 | 5,000 | 759,000 | 4,000 | 3,000 | 289,000 | -27,000 | -12,000 | 281,000 | 76,000 | 29,000 | 206,000 | 255,000 | -83,000 | 266,000 | 191,000 | -102,000 | 234,000 | 29,000 | -169,000 | 526,000 | 71,000 | ||||||||||||||
loss on disposal of property, plant and equipment | 850,000 | 261,000 | 1,213,000 | 157,000 | 21,000 | 483,000 | |||||||||||||||||||||||||||||||||
loss on derivative financial instruments | 934,000 | -6,162,000 | 6,912,000 | ||||||||||||||||||||||||||||||||||||
stock-based compensation expense | -1,120,000 | 3,608,000 | 779,000 | -1,133,000 | 5,937,000 | 2,281,000 | -3,121,000 | 1,277,000 | -7,713,000 | 5,277,000 | 2,374,000 | -456,000 | 5,978,000 | 2,522,000 | 235,000 | -465,000 | 1,248,000 | 839,000 | 808,000 | -1,185,000 | 1,805,000 | 34,000 | 636,000 | 29,000 | 359,000 | ||||||||||||||
equity earnings in affiliates and joint ventures | 2,201,000 | 4,925,000 | 115,000 | -9,523,000 | -5,741,000 | -2,094,000 | -6,241,000 | -2,100,000 | -1,264,000 | -3,469,000 | -3,146,000 | ||||||||||||||||||||||||||||
dividends received from affiliates and joint ventures | 7,000 | -1,000,000 | 1,087,000 | 1,431,000 | |||||||||||||||||||||||||||||||||||
change in fair value of contingent obligations | 13,743,000 | -16,268,000 | 3,030,000 | 10,426,000 | 6,170,000 | 5,393,000 | |||||||||||||||||||||||||||||||||
unrealized foreign currency loss | 1,824,000 | ||||||||||||||||||||||||||||||||||||||
deferred income tax expense | 1,050,000 | 2,506,000 | 2,467,000 | -2,091,000 | 6,450,000 | 171,000 | -952,000 | -6,076,000 | 7,266,000 | 3,482,000 | 4,950,000 | 2,497,000 | -4,985,000 | 5,977,000 | 2,475,000 | ||||||||||||||||||||||||
other adjustments to cash from operating activities | -626,000 | -153,000 | 664,000 | -1,409,000 | 3,140,000 | 647,000 | 1,229,000 | -979,000 | 654,000 | 514,000 | -790,000 | 333,000 | 816,000 | -475,000 | -88,000 | 518,000 | -678,000 | 204,000 | 22,000 | ||||||||||||||||||||
net changes in non-cash working capital | 18,742,000 | 25,301,000 | -24,513,000 | -21,756,000 | 52,128,000 | -62,026,000 | -17,194,000 | 47,051,000 | -34,011,000 | -10,490,000 | 22,781,000 | -20,669,000 | 3,534,000 | 15,610,000 | -18,475,000 | -33,981,000 | 2,737,000 | 1,201,000 | 10,929,000 | 41,232,000 | -28,852,000 | 12,356,000 | -26,525,000 | 21,139,000 | -19,097,000 | -41,607,000 | 3,265,000 | 769,000 | 406,000 | ||||||||||
investing activities: | |||||||||||||||||||||||||||||||||||||||
purchase of property, plant and equipment | 8,541,000 | 18,413,000 | -93,073,000 | 13,495,000 | -8,654,000 | -66,653,000 | -876,000 | -1,923,000 | -36,496,000 | -4,084,000 | -1,856,000 | -25,265,000 | 2,718,000 | -2,086,000 | -29,189,000 | 1,978,000 | -4,923,000 | -4,741,000 | -6,018,000 | 18,781,000 | |||||||||||||||||||
additions to intangible assets | -142,000 | 127,000 | -713,000 | -1,571,000 | 264,000 | -970,000 | 401,000 | 530,000 | -1,573,000 | 80,000 | 54,000 | -311,000 | |||||||||||||||||||||||||||
proceeds on disposal of property, plant and equipment | 1,225,000 | -855,000 | 2,070,000 | 8,993,000 | -611,000 | 1,103,000 | -73,000 | 644,000 | 1,198,000 | -1,205,000 | 1,009,000 | 518,000 | -1,453,000 | 7,164,000 | 1,068,000 | -1,349,000 | 766,000 | 641,000 | 22,000 | 60,000 | -104,000 | ||||||||||||||||||
net advances of loans with affiliates and joint ventures | 827,000 | ||||||||||||||||||||||||||||||||||||||
cash settlement of derivative financial instruments | 4,015,000 | ||||||||||||||||||||||||||||||||||||||
financing activities: | |||||||||||||||||||||||||||||||||||||||
proceeds from long-term debt | -415,585,000 | 371,112,000 | 97,181,000 | -25,871,000 | 493,000 | 75,392,000 | 15,000,000 | 16,600,000 | 3,400,000 | 20,000,000 | -54,845,000 | 53,050,000 | 21,700,000 | -15,090,000 | -10,278,000 | 60,368,000 | |||||||||||||||||||||||
repayment of long-term debt | 382,288,000 | -375,095,000 | -45,489,000 | 17,152,000 | -8,539,000 | -33,890,000 | -5,820,000 | 10,559,000 | -42,233,000 | 10,132,000 | -10,734,000 | -4,866,000 | 75,663,000 | -51,074,000 | -29,207,000 | 39,028,000 | |||||||||||||||||||||||
settlement of convertible debentures | -1,357,000 | ||||||||||||||||||||||||||||||||||||||
financing costs | 6,824,000 | 36,000 | 3,475,000 | 7,488,000 | -7,704,000 | -1,115,000 | -767,000 | ||||||||||||||||||||||||||||||||
dividends paid | 128,000 | -535,000 | -3,022,000 | 62,000 | 0 | -2,674,000 | -20,000 | -523,000 | -2,098,000 | ||||||||||||||||||||||||||||||
share purchase program | -4,292,000 | -6,973,000 | -2,521,000 | 1,570,000 | -16,549,000 | -868,000 | 15,493,000 | -16,006,000 | |||||||||||||||||||||||||||||||
purchase of treasury shares | -2,657,000 | 3,000 | -123,000 | -2,016,000 | -5,000 | -112,000 | -5,468,000 | -31,000 | -116,000 | -1,592,000 | -61,000 | -67,000 | -5,200,000 | 0 | -78,000 | -2,707,000 | |||||||||||||||||||||||
payments towards contingent obligations | -19,783,000 | -865,000 | |||||||||||||||||||||||||||||||||||||
increase | |||||||||||||||||||||||||||||||||||||||
effect of exchange rate on changes in cash | 1,363,000 | 1,990,000 | -1,075,000 | -2,368,000 | -472,000 | 55,000 | 357,000 | ||||||||||||||||||||||||||||||||
cash, beginning of period | 784,000 | 366,000 | 77,875,000 | -11,752,000 | -8,519,000 | 88,614,000 | 6,090,000 | -53,485,000 | 69,144,000 | -8,405,000 | 3,521,000 | 16,601,000 | -15,759,000 | -12,182,000 | 43,915,000 | 2,696,000 | 33,089,000 | 5,544,000 | 19,508,000 | 11,149,000 | 956,000 | ||||||||||||||||||
cash, end of period | 22,612,000 | 784,000 | 78,241,000 | 9,327,000 | -11,752,000 | 80,095,000 | 18,692,000 | 6,090,000 | 15,659,000 | 11,470,000 | -8,405,000 | 20,122,000 | -1,770,000 | -14,942,000 | 31,733,000 | -998,000 | 2,696,000 | 38,633,000 | 20,415,000 | -22,829,000 | 25,665,000 | ||||||||||||||||||
equity loss (earnings) in affiliates and joint ventures | 1,512,000 | ||||||||||||||||||||||||||||||||||||||
net collections (advances) of loans with affiliates and joint ventures | 5,772,000 | ||||||||||||||||||||||||||||||||||||||
decrease in cash | -6,151,000 | ||||||||||||||||||||||||||||||||||||||
cash provided by | |||||||||||||||||||||||||||||||||||||||
(gain) loss on disposal of property, plant and equipment | -974,000 | 402,000 | 195,000 | -258,000 | -4,000 | ||||||||||||||||||||||||||||||||||
stock-based compensation (benefit) expense | -3,408,000 | ||||||||||||||||||||||||||||||||||||||
equity (earnings) loss in affiliates and joint ventures | -3,283,000 | ||||||||||||||||||||||||||||||||||||||
unrealized foreign currency gain | 1,977,000 | ||||||||||||||||||||||||||||||||||||||
net (advances) collections of loans with affiliates and joint ventures | -2,065,000 | ||||||||||||||||||||||||||||||||||||||
increase in cash | 1,441,000 | 21,185,000 | 13,285,000 | 60,047,000 | -53,540,000 | 3,530,000 | 13,995,000 | -2,760,000 | -12,182,000 | -3,694,000 | -30,393,000 | 33,089,000 | 907,000 | 24,709,000 | |||||||||||||||||||||||||
interim consolidated financial statements(unaudited)march 31, 2025 | |||||||||||||||||||||||||||||||||||||||
revenue | 500,374,000 | 552,798,000 | |||||||||||||||||||||||||||||||||||||
total combined revenue | |||||||||||||||||||||||||||||||||||||||
gross profit | 94,382,000 | 78,126,000 | |||||||||||||||||||||||||||||||||||||
gross profit margin | 18,900 | 2,400 | |||||||||||||||||||||||||||||||||||||
combined gross profit | |||||||||||||||||||||||||||||||||||||||
combined gross profit margin | |||||||||||||||||||||||||||||||||||||||
operating income | 68,945,000 | ||||||||||||||||||||||||||||||||||||||
adjusted ebitda | 175,450,000 | 136,981,000 | |||||||||||||||||||||||||||||||||||||
adjusted ebitda margin | 35,100 | 1,800 | |||||||||||||||||||||||||||||||||||||
adjusted net earnings | 48,822,000 | ||||||||||||||||||||||||||||||||||||||
cash from operating activities | 147,272,000 | ||||||||||||||||||||||||||||||||||||||
capital expenditures | 0 | ||||||||||||||||||||||||||||||||||||||
free cash flows | 147,272,000 | ||||||||||||||||||||||||||||||||||||||
cash from operating activities prior to change in working capital | 150,084,000 | 119,595,000 | |||||||||||||||||||||||||||||||||||||
free cash flow | 43,482,000 | ||||||||||||||||||||||||||||||||||||||
purchase of ppe | 117,300,000 | ||||||||||||||||||||||||||||||||||||||
sustaining capital additions | 98,752,000 | ||||||||||||||||||||||||||||||||||||||
growth capital additions | 37,665,000 | ||||||||||||||||||||||||||||||||||||||
basic net income per share | 1,750 | 1,160 | |||||||||||||||||||||||||||||||||||||
adjusted eps | 1,730 | 1,310 | |||||||||||||||||||||||||||||||||||||
cash provided by: | |||||||||||||||||||||||||||||||||||||||
adjustments to reconcile to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||
gain on disposal of property, plant and equipment | 316,000 | 1,010,000 | 77,000 | ||||||||||||||||||||||||||||||||||||
gain on derivative financial instruments | 299,000 | ||||||||||||||||||||||||||||||||||||||
cash settlement of deferred share units | |||||||||||||||||||||||||||||||||||||||
dividends and advances received from affiliates and joint ventures | -76,000 | -3,186,000 | 3,344,000 | -1,340,000 | -388,000 | 4,277,000 | -5,210,000 | 6,181,000 | 1,396,000 | 8,598,000 | |||||||||||||||||||||||||||||
net payment on the wind up of affiliates and joint ventures | -387,000 | ||||||||||||||||||||||||||||||||||||||
payments towards contingent consideration | |||||||||||||||||||||||||||||||||||||||
effect of foreign exchange rate on changes in cash | -106,000 | ||||||||||||||||||||||||||||||||||||||
interim consolidated financial statements(unaudited)september 30, 2024 | |||||||||||||||||||||||||||||||||||||||
long-term contract liabilities | -2,316,000 | 2,887,000 | |||||||||||||||||||||||||||||||||||||
interim consolidated financial statements(unaudited)june 30, 2024 | |||||||||||||||||||||||||||||||||||||||
interim consolidated financial statements(unaudited)march 31, 2024 | |||||||||||||||||||||||||||||||||||||||
net realized and unrealized gain on derivative financial instruments | -766,000 | ||||||||||||||||||||||||||||||||||||||
cash settlement of stock-based compensation | |||||||||||||||||||||||||||||||||||||||
investment in affiliates and joint ventures | -163,000 | 123,000 | |||||||||||||||||||||||||||||||||||||
net repayments of loans from affiliates and joint ventures | 13,336,000 | 1,938,000 | 1,120,000 | ||||||||||||||||||||||||||||||||||||
interim consolidated financial statements(unaudited)september 30, 2023 | |||||||||||||||||||||||||||||||||||||||
interim consolidated financial statements(unaudited)june 30, 2023 | |||||||||||||||||||||||||||||||||||||||
net unrealized gain on derivative financial instruments | -2,509,000 | ||||||||||||||||||||||||||||||||||||||
net repayments and advances of loans to affiliates and joint ventures | -5,230,000 | ||||||||||||||||||||||||||||||||||||||
interim consolidated financial statements(unaudited)march 31, 2023 | |||||||||||||||||||||||||||||||||||||||
cash settlement of former director's deferred share unit plan | |||||||||||||||||||||||||||||||||||||||
deferred income tax (benefit) expense | 3,060,000 | ||||||||||||||||||||||||||||||||||||||
acquisition of dgi trading pty limited, net of cash acquired | |||||||||||||||||||||||||||||||||||||||
settlement of derivative financial instrument | -5,351,000 | 6,211,000 | |||||||||||||||||||||||||||||||||||||
repayment of finance lease obligations | 66,000 | 104,000 | -6,905,000 | -1,928,000 | -143,000 | -8,154,000 | 1,123,000 | ||||||||||||||||||||||||||||||||
dividend payment | 45,000 | -1,139,000 | -1,138,000 | -1,040,000 | |||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 249,000 | 96,000 | 254,000 | 29,000 | |||||||||||||||||||||||||||||||||||
interim consolidated financial statements(unaudited)september 30, 2022 | |||||||||||||||||||||||||||||||||||||||
interim consolidated financial statements(unaudited)june 30, 2022 | |||||||||||||||||||||||||||||||||||||||
net (advances) repayments of loans to affiliates and joint ventures | -328,000 | ||||||||||||||||||||||||||||||||||||||
interim consolidated financial statements(unaudited)march 31, 2022 | |||||||||||||||||||||||||||||||||||||||
net income and comprehensive income available to shareholders | 49,208,000 | 29,317,000 | |||||||||||||||||||||||||||||||||||||
net realized on derivative financial instruments | |||||||||||||||||||||||||||||||||||||||
dividend payments | 3,000 | -139,000 | |||||||||||||||||||||||||||||||||||||
effect of exchange rate on changes in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||
net income and comprehensive income | -16,644,000 | 19,386,000 | -6,469,000 | -5,736,000 | 19,035,000 | 7,260,000 | |||||||||||||||||||||||||||||||||
interim consolidated financial statements(unaudited)june 30, 2021 | |||||||||||||||||||||||||||||||||||||||
net realized and unrealized (gain) loss on derivative financial instruments | -2,484,000 | ||||||||||||||||||||||||||||||||||||||
net repayments of loans to affiliates and joint ventures | 790,000 | ||||||||||||||||||||||||||||||||||||||
interim consolidated financial statements(unaudited)march 31, 2021 | |||||||||||||||||||||||||||||||||||||||
see “non-gaap financial measures”. | |||||||||||||||||||||||||||||||||||||||
16 | |||||||||||||||||||||||||||||||||||||||
cash from: | |||||||||||||||||||||||||||||||||||||||
amortization of intangible assets | 146,000 | -110,000 | 198,000 | 208,000 | -385,000 | 473,000 | 502,000 | 84,000 | 588,000 | 41,000 | -12,000 | 248,000 | -2,000 | 278,000 | 112,000 | 70,000 | |||||||||||||||||||||||
cash settlement of directors' deferred share unit plan | |||||||||||||||||||||||||||||||||||||||
net repayments of loans to affiliates and joint venture partners | 1,295,000 | -648,000 | 720,000 | ||||||||||||||||||||||||||||||||||||
distribution paid to noncontrolling interest of affiliates | |||||||||||||||||||||||||||||||||||||||
unrealized gain on derivative financial instruments | |||||||||||||||||||||||||||||||||||||||
interim consolidated financial statements(unaudited)june 30, 2020 | |||||||||||||||||||||||||||||||||||||||
unrealized loss on derivative financial instruments | 2,210,000 | -2,712,000 | 23,281,000 | ||||||||||||||||||||||||||||||||||||
interim consolidated financial statements (unaudited)march 31, 2020 | |||||||||||||||||||||||||||||||||||||||
operating data | |||||||||||||||||||||||||||||||||||||||
adjusted ebit | 55,782,000 | ||||||||||||||||||||||||||||||||||||||
per share information | |||||||||||||||||||||||||||||||||||||||
diluted net income per share | 970 | ||||||||||||||||||||||||||||||||||||||
balance sheet data | |||||||||||||||||||||||||||||||||||||||
total assets | |||||||||||||||||||||||||||||||||||||||
total debt | |||||||||||||||||||||||||||||||||||||||
cash | |||||||||||||||||||||||||||||||||||||||
net debt | |||||||||||||||||||||||||||||||||||||||
total shareholders' equity | |||||||||||||||||||||||||||||||||||||||
invested capital | |||||||||||||||||||||||||||||||||||||||
outstanding common shares, excluding treasury shares | |||||||||||||||||||||||||||||||||||||||
cash dividend declared per share | |||||||||||||||||||||||||||||||||||||||
project costs | |||||||||||||||||||||||||||||||||||||||
equipment costs | |||||||||||||||||||||||||||||||||||||||
general and administrative expenses | |||||||||||||||||||||||||||||||||||||||
interest expense | |||||||||||||||||||||||||||||||||||||||
adjustments: | |||||||||||||||||||||||||||||||||||||||
income tax (benefit) expense | |||||||||||||||||||||||||||||||||||||||
ebit | |||||||||||||||||||||||||||||||||||||||
gain on disposal of assets held for sale | 23,000 | ||||||||||||||||||||||||||||||||||||||
restructuring costs | |||||||||||||||||||||||||||||||||||||||
pre-2019 inventory correction | |||||||||||||||||||||||||||||||||||||||
loss on sublease | |||||||||||||||||||||||||||||||||||||||
loss on legacy claim settlement | |||||||||||||||||||||||||||||||||||||||
cash from investing activities | |||||||||||||||||||||||||||||||||||||||
cash from financing activities | |||||||||||||||||||||||||||||||||||||||
net decrease in cash | |||||||||||||||||||||||||||||||||||||||
management's discussion and analysisjune 30, 2019 | |||||||||||||||||||||||||||||||||||||||
equity earnings in affiliates and joint venture | |||||||||||||||||||||||||||||||||||||||
proceeds on disposal of assets held for sale | 94,000 | -28,801,000 | 29,553,000 | 60,000 | 1,018,000 | -190,000 | 192,000 | 10,200,000 | |||||||||||||||||||||||||||||||
net repayment of loans to affiliate and joint venture partners | 2,372,000 | ||||||||||||||||||||||||||||||||||||||
repayment of credit facilities | |||||||||||||||||||||||||||||||||||||||
increase in credit facilities | 46,000,000 | 11,800,000 | |||||||||||||||||||||||||||||||||||||
issuance of convertible debentures | 55,000,000 | ||||||||||||||||||||||||||||||||||||||
repayment of promissory notes | |||||||||||||||||||||||||||||||||||||||
mortgage repayment | |||||||||||||||||||||||||||||||||||||||
cash distribution paid to noncontrolling interest of subsidiary | |||||||||||||||||||||||||||||||||||||||
proceeds from stock options exercised | 931,000 | 177,000 | 64,000 | ||||||||||||||||||||||||||||||||||||
share purchase programs | |||||||||||||||||||||||||||||||||||||||
purchase of treasury shares for settlement of certain equity classified stock-based compensation | |||||||||||||||||||||||||||||||||||||||
interim consolidated financial statements (unaudited)march 31, 2019 | |||||||||||||||||||||||||||||||||||||||
net repayment of | |||||||||||||||||||||||||||||||||||||||
investment in partnership | |||||||||||||||||||||||||||||||||||||||
repayment of credit facility | |||||||||||||||||||||||||||||||||||||||
increase in credit facility | |||||||||||||||||||||||||||||||||||||||
repayment of capital lease obligations | -499,000 | 44,000 | -1,428,000 | 206,000 | -7,000 | -1,470,000 | -240,000 | -1,225,000 | -4,000 | -802,000 | |||||||||||||||||||||||||||||
proceeds from options exercised | |||||||||||||||||||||||||||||||||||||||
lease inducement paid on sublease | |||||||||||||||||||||||||||||||||||||||
loss on disposal of plant and equipment | 13,000 | 41,000 | 468,000 | 1,144,000 | 307,000 | 269,000 | |||||||||||||||||||||||||||||||||
purchase of plant and equipment | -19,710,000 | 43,172,000 | -59,349,000 | -23,159,000 | -10,193,000 | ||||||||||||||||||||||||||||||||||
proceeds on disposal of plant and equipment | 86,000 | 138,000 | 1,944,000 | 1,352,000 | -3,464,000 | 3,690,000 | |||||||||||||||||||||||||||||||||
proceeds from option exercised | 83,000 | ||||||||||||||||||||||||||||||||||||||
purchase of treasury shares for share unit settlement | |||||||||||||||||||||||||||||||||||||||
net loss from continuing operations | |||||||||||||||||||||||||||||||||||||||
items not affecting cash: | |||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||
amortization of deferred lease inducements | 1,000 | 0 | -27,000 | 16,000 | -9,000 | -26,000 | -1,000 | -26,000 | |||||||||||||||||||||||||||||||
loss on disposal of property plant and equipment | |||||||||||||||||||||||||||||||||||||||
loss on disposal of assets held for sale | 608,000 | -20,000 | 22,000 | ||||||||||||||||||||||||||||||||||||
loss on debt extinguishment | 4,346,000 | ||||||||||||||||||||||||||||||||||||||
cash settlement of restricted share unit plan | |||||||||||||||||||||||||||||||||||||||
settlement of stock award plan | |||||||||||||||||||||||||||||||||||||||
accretion of asset retirement obligation | 1,000 | 1,000 | 8,000 | 9,000 | |||||||||||||||||||||||||||||||||||
proceeds on wind up of unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||
redemption of series 1 debentures | |||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents from continuing operations | |||||||||||||||||||||||||||||||||||||||
cash from discontinued operations: | |||||||||||||||||||||||||||||||||||||||
operating activities | |||||||||||||||||||||||||||||||||||||||
investing activities | |||||||||||||||||||||||||||||||||||||||
financing activities | |||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 23,969,000 | -18,607,000 | -69,793,000 | 18,461,000 | 1,585,000 | ||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | -78,320,000 | -24,137,000 | 103,005,000 | 17,443,000 | -18,607,000 | 98,880,000 | 18,461,000 | 32,871,000 | 1,585,000 | 7,895,000 | |||||||||||||||||||||||||||||
cash and cash equivalents, end of period | -54,383,000 | -22,688,000 | 78,868,000 | -1,273,000 | 17,443,000 | 80,273,000 | 51,332,000 | 9,480,000 | |||||||||||||||||||||||||||||||
net income for the period | -4,259,000 | 12,678,000 | -10,309,000 | 19,988,000 | -20,318,000 | 19,096,000 | 3,100,000 | -1,032,000 | |||||||||||||||||||||||||||||||
equity in loss of unconsolidated joint venture | 335,000 | ||||||||||||||||||||||||||||||||||||||
realized and unrealized foreign exchange gain on 8 3/4% senior notes | |||||||||||||||||||||||||||||||||||||||
realized and unrealized gain on derivative financial instruments | |||||||||||||||||||||||||||||||||||||||
acquisition | 4,350,000 | -1,581,000 | |||||||||||||||||||||||||||||||||||||
investment in and advances to unconsolidated joint venture | -209,000 | -541,000 | |||||||||||||||||||||||||||||||||||||
investing activities: - sum | |||||||||||||||||||||||||||||||||||||||
redemption of 8 3/4% senior notes | |||||||||||||||||||||||||||||||||||||||
issuance of series 1 debentures | 225,000,000 | ||||||||||||||||||||||||||||||||||||||
settlement of swap liabilities | -91,125,000 | ||||||||||||||||||||||||||||||||||||||
financing activities: - sum | |||||||||||||||||||||||||||||||||||||||
(gain) loss on disposal of assets held for sale | -317,000 | ||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange gain on 8¾% senior notes | -732,000 | ||||||||||||||||||||||||||||||||||||||
unrealized (gain) loss on derivative financial instruments measured at fair value | |||||||||||||||||||||||||||||||||||||||
deferred income taxes | 3,478,000 | -3,241,000 | |||||||||||||||||||||||||||||||||||||
addition to intangible assets | -882,000 | -571,000 | |||||||||||||||||||||||||||||||||||||
additions to assets held for sale | 808,000 | -2,248,000 | |||||||||||||||||||||||||||||||||||||
repayment of term facilities | 0 | -2,500,000 | |||||||||||||||||||||||||||||||||||||
increase in term facilities | 50,000,000 | ||||||||||||||||||||||||||||||||||||||
redemption of 8¾% senior notes | -202,410,000 | ||||||||||||||||||||||||||||||||||||||
cash settlement of stock options | |||||||||||||||||||||||||||||||||||||||
equity in loss (earnings) of unconsolidated joint venture | 243,000 | ||||||||||||||||||||||||||||||||||||||
unrealized loss on derivative financial instruments measured at fair value | 3,008,000 | ||||||||||||||||||||||||||||||||||||||
decrease in cash and cash equivalents | -24,137,000 | ||||||||||||||||||||||||||||||||||||||
net income for the year | 14,774,000 | ||||||||||||||||||||||||||||||||||||||
impairment of goodwill | |||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange (gain) loss on senior notes | |||||||||||||||||||||||||||||||||||||||
unrealized gain on derivative financial instruments measured at fair value | |||||||||||||||||||||||||||||||||||||||
acquisition, net of cash acquired | |||||||||||||||||||||||||||||||||||||||
proceeds of disposal of assets held for sale | 960,000 | ||||||||||||||||||||||||||||||||||||||
repayment of long term debt | |||||||||||||||||||||||||||||||||||||||
increase in long term debt | -24,237,000 | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | |||||||||||||||||||||||||||||||||||||||
amortization of bond issue costs, premiums and financing costs | -2,000 | -9,000 | 221,000 | 174,000 | |||||||||||||||||||||||||||||||||||
unrealized change in the fair value of derivative financial instruments | -28,634,000 | 25,225,000 | 379,000 | 9,883,000 | -2,933,000 | ||||||||||||||||||||||||||||||||||
accretion expense — asset retirement obligation | 29,000 | ||||||||||||||||||||||||||||||||||||||
future income taxes | 7,852,000 | -4,690,000 | 3,997,000 | -3,394,000 | 5,309,000 | 5,598,000 | -3,626,000 | ||||||||||||||||||||||||||||||||
cheques issued in excess of cash deposits | |||||||||||||||||||||||||||||||||||||||
stock options exercised | -652,000 | 677,000 | |||||||||||||||||||||||||||||||||||||
unrealized foreign exchange loss on senior notes | |||||||||||||||||||||||||||||||||||||||
increase, (decrease) in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||
supplemental cash flow information | |||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange gain on senior notes | -19,319,000 | -1,831,000 | -17,150,000 | ||||||||||||||||||||||||||||||||||||
write-down of other assets to replacement cost | |||||||||||||||||||||||||||||||||||||||
gain on repurchase of nacg preferred corp. series a preferred shares | |||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | |||||||||||||||||||||||||||||||||||||||
change in redemption value and accretion of redeemable preferred shares | |||||||||||||||||||||||||||||||||||||||
increase in revolving credit facility | |||||||||||||||||||||||||||||||||||||||
repayment of 9% senior secured notes | |||||||||||||||||||||||||||||||||||||||
repurchase of naepi series a preferred shares | |||||||||||||||||||||||||||||||||||||||
repurchase of nacg preferred corp. series a preferred shares | |||||||||||||||||||||||||||||||||||||||
issue of common shares | 740,000 | ||||||||||||||||||||||||||||||||||||||
share issue costs | |||||||||||||||||||||||||||||||||||||||
repurchase of common shares for cancellation | |||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange (gain)/loss on senior notes | |||||||||||||||||||||||||||||||||||||||
amortization of bond issue costs, premiums, and financing costs | |||||||||||||||||||||||||||||||||||||||
accretion expense – asset retirement obligation | |||||||||||||||||||||||||||||||||||||||
cheques issued excess of cash deposits | |||||||||||||||||||||||||||||||||||||||
accretion expense - asset retirement obligation | 49,000 | ||||||||||||||||||||||||||||||||||||||
decrease in revolving credit facility | -19,500,000 | -500,000 | |||||||||||||||||||||||||||||||||||||
gain on disposal of plant and equipment | |||||||||||||||||||||||||||||||||||||||
unrealized (gain) loss on derivative financial instruments | |||||||||||||||||||||||||||||||||||||||
issue of 9% senior secured notes | |||||||||||||||||||||||||||||||||||||||
repayment of senior secured credit facility | |||||||||||||||||||||||||||||||||||||||
issue of series b preferred shares | |||||||||||||||||||||||||||||||||||||||
repurchase of series b preferred shares | |||||||||||||||||||||||||||||||||||||||
loss on disposal of asset held for sale | 316,000 | ||||||||||||||||||||||||||||||||||||||
amortization of bond issue costs | |||||||||||||||||||||||||||||||||||||||
accretion of redeemable preferred shares | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents (cheques issued in excess of cash deposits), end of period | |||||||||||||||||||||||||||||||||||||||
amortization of bond issue fees | 397,000 | ||||||||||||||||||||||||||||||||||||||
gain on disposal of equipment | |||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange gain on senior | |||||||||||||||||||||||||||||||||||||||
increase in senior secured credit facility | |||||||||||||||||||||||||||||||||||||||
unrealized |