Westjet 2012 Annual Report Download - page 34

WestJet 2012 Annual Report / 34
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f
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i
n
q
n
I
nvesting ca
s
C
ash used in i
n
c
ash flow activi
n
the prior ye
a
f
uture 737 and
w
e incurred $5
y
ear.
F
inancing ca
s
D
uring 2012,
o
r
epayments of
p
ursuant to ou
wo 737-800 ai
a
ttributable to
r
epayment of
a
r
epurchases of
F
ree cash flo
w
F
ree cash flow
m
aintain or e
x
a
ctivities relate
a
s compared t
o
s
hare was $3.3
d
ue to the ye
a
u
nder our nor
m
P
lease refer to
A
ircraft finan
c
W
e have grow
U
nited States
(
p
urchase price
e
xposure on th
m
illion to sup
p
e
xposure fee
o
d
elivery of the
f
n
umber of airc
m
illion.
T
here
a
he Ex-Im Ban
k
n connection
w
f
acility is finan
c
f
loating rate of
f
loating interes
t
n
terest rates
a
q
ualification, w
e
n
o portion of t
h
s
h flo
w
s
n
vesting activi
t
ties consisted
o
a
r mainly rela
t
Q400 aircraft
1.2 million in
o
s
h flo
w
s
o
ur financing
$162.7 millio
n
r normal cour
s
rcraft delivere
d
long-term d
e
a
long-term fac
$74.6 million
a
w
is a measure
x
pand its asse
t
d to property
a
o
$448.1 milli
o
3 as compare
d
a
r-over-year re
m
al course issu
e
page 55 of thi
s
c
ing
n through acq
(
Ex-Im Bank).
of the aircraft
ese US-dollar
a
p
ort the financ
o
f four per ce
n
f
irst aircraft u
n
raft financed
w
a
re no financia
k
.
w
ith the 2012
g
c
ed in Canadi
a
interest equal
t
rates on our
a
t 2.89 per c
e
e
designated t
h
h
e swap agree
m
t
ies for 2012 t
o
of $218.1 milli
o
t
ed to the deli
deliveries and
o
ther property
cash outflow
n
, cash intere
s
s
e issuer bid o
f
d
during the fi
r
e
bt repayment
s
ility originally
s
a
nd dividends
p
that represen
t
t
base. It is
a
a
nd equipmen
t
o
n in the prior
d
to $3.19 per
duction in ou
r
e
r bid.
s
MD&A for a r
uisitions of B
o
The loan gu
a
. All of this de
a
ircraft purcha
s
ing of two 73
7
n
t on the fina
n
n
der the comm
w
ith loan guar
a
l covenant co
m
g
uarantee fro
m
a
n dollars and
to the three
m
earnings, we
e
nt and 2.99
h
e swap contr
a
m
ents were co
n
o
talled $269.3
o
n in aircraft r
e
very of two 7
3
costs incurre
d
and equipmen
t
of $288.1 mil
l
s
t paid of $43
.
f
$112.1 millio
r
st half of the
y
s of $199.2
m
s
cheduled for
m
p
aid of $35.0
m
t
s the cash th
a
a
calculation o
f
t. Our free ca
s
year, represe
n
share in 2011,
r
diluted weig
h
econciliation o
f
o
eing 737 airc
r
a
rantees from
b
t has been fi
n
ses. On Febru
a
7
-800 aircraft
n
ced portion
o
itment in Febr
u
a
ntees to 54
a
m
pliance requi
r
m
Ex-Im Bank,
w
amortized ov
e
m
onth Canadi
a
entered into s
w
per cent for
t
a
cts as effectiv
e
n
sidered ineff
e
million, as co
m
e
lated addition
3
7-800 aircraf
t
d
for engine a
n
t and intangibl
lion consisted
.
1 million, divi
d
n offset by a
c
y
ear. In the pr
m
illion which
m
aturity in 20
1
m
illion.
a
t a company
f
operating c
a
s
h flow for the
n
ting a slight i
n
a year-over-y
e
h
ted average
s
f
non-GAAP an
r
aft financed
b
the U.S. gov
e
n
anced in Can
a
a
ry 2, 2012, E
x
delivered in
2
o
f the aircraft
u
ary 2012 and
a
t December 3
r
ements associ
w
e arranged f
o
er a 12-year t
a
n Dealer Offe
r
wap agreeme
n
t
he February
a
e cash flow he
e
ctive.
s
m
pared to $1
1
n
s, an increase
t
during the fi
r
n
d landing gea
r
l
es additions a
s
largely of ca
s
dends paid of
c
ash inflow of
r
ior year, finan
c
included US$
2
1
4, cash intere
s
is able to gen
e
a
sh flow, less
year ended D
n
crease of 0.9
e
ar increase o
f
s
hares outstan
d
d additional G
A
b
y debt suppo
r
e
rnment repre
s
a
dian dollars,
e
x
-Im Bank aut
h
2
012. The fina
price to be i
n
the second ai
r
1, 2012, with
i
ated with the
o
r debt financi
n
t
erm, repayabl
r
Rate plus 75
n
ts with the sa
a
nd June 201
2
dges for acco
u
s
1
8.4 million in
of $156.9 mill
i
rst half of the
r
overhauls on
s
compared to
s
h outflows r
e
$37.5 million
$73.0 million
f
cing cash outf
l
2
1.8 million a
s
s
t paid of $51.
e
rate after m
e
the amount
o
D
ecember 31,
2
per cent. Ou
r
f
4.4 per cent.
d
ing as a res
u
A
AP measures.
r
ted by the E
x
s
ent approxim
a
e
liminating th
e
h
orized a final
l commitment
n
cluded under
r
craft in June
2
an outstandin
g
54 financed 7
3
n
g with a Can
a
l
e in fixed pri
n
basis points.
T
a
me Canadian
2
deliveries, r
e
u
nting purpose
s
s
2011. In 201
2
i
on over the $
6
year, deposit
s
owned aircra
f
$57.1 million
i
e
lated to long
-
and shares r
e
f
rom the finan
l
ow of $362.7
s
sociated wit
h
7 million as w
e
e
eting its requi
o
f cash used i
n
2
012, was $45
2
r
2012 free ca
s
This increase
w
u
lt of shares r
e
.
x
port-Import
B
a
tely 85 per
c
e
future foreig
n
commitment
o
amount provi
the guarante
e
2
012. This brin
g
g
debt balanc
e
3
7 aircraft gua
a
dian chartere
d
n
cipal installm
e
T
o mitigate th
e
chartered ban
k
e
spectively. U
p
s
. At Decembe
│
2
, investing
6
1.3 million
s
made for
f
t. In 2012,
in the prior
-
term debt
e
purchased
cing of the
million was
h
the early
e
ll as share
rements to
n
investing
2.3 million,
s
h flow per
was mainly
e
purchased
B
ank of the
c
ent of the
n
exchange
o
f US $77.6
ded for an
e
. We took
g
s the total
e
of $739.0
a
ranteed by
d
bank. The
e
nts plus a
e
impact of
k
to fix the
p
on proper
r 31, 2012,