Westjet 2001 Annual Report Download - page 45

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43
Years ended December 31, 2001 and 2000
(Stated in Thousands of Dollars)
2001 2000
Cash provided by (used in):
Operations:
Net earnings $ 37,200 $ 30,254
Items not involving cash:
Amortization 34,332 17,959
Gain on disposal of capital assets (187) (633)
Unrealized loss on foreign exchange 50 -
Future income tax 5,105 4,350
76,500 51,930
(Increase) decrease in non-cash working capital (9,139) 35,483
67,361 87,413
Financing:
Increase in long-term debt 8,947 22,417
Repayment of long-term debt (9,461) (8,019)
Issuance of common shares 3,878 57,689
Share issuance costs - (2,369)
Increase in other long-term assets (2,230) (3,818)
Decrease in obligations under capital lease (2,483) (137)
(1,349) 65,763
Investments:
Aircraft additions (60,518) (97,269)
Aircraft disposals - 12,239
Other capital asset additions (26,271) (40,043)
Other capital asset disposals 694 182
(86,095) (124,891)
Increase (decrease) in cash (20,083) 28,285
Cash, beginning of year 79,025 50,740
Cash, end of year $ 58,942 $ 79,025
Cash is defined as cash and cash equivalents.
See accompanying notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF CASH FLOWS