Westjet 2000 Annual Report Download - page 26

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Years ended December 31, 2000 and 1999
(Stated in Thousands of Dollars)
2000 1999
Cash provided by (used in):
Operations:
Net earnings $ 30,254 $ 15,832
Items not involving cash:
Amortization 17,959 8,272
Gain on disposal of capital assets (633) (93)
Future income tax 4,350 5,820
Cash flow from operations 51,930 29,831
Increase in non-cash working capital 35,483 17,948
87,413 47,779
Financing:
Increase in long-term debt 22,417 15,314
Repayment of long-term debt (8,019) (5,335)
Issuance of common shares 57,689 30,591
Share issuance costs (2,369) (2,356)
Increase in other long-term assets (3,818) (4,195)
Decrease in obligations under capital lease (137) (96)
65,763 33,923
Investments:
Aircraft additions (97,269) (39,318)
Aircraft disposals 12,239 —
Other capital asset additions (40,043) (5,350)
Other capital asset disposals 182 206
(124,891) (44,462)
Increase in cash 28,285 37,240
Cash, beginning of year 50,740 13,500
Cash, end of year $ 79,025 $ 50,740
Cash is defined as cash and short-term investments.
See accompanying notes to consolidated financial statements.
WESTJET AIRLINES LTD.
CONSOLIDATED STATEMENTS
OF CASH FLOWS
Page24
Abbotsford