Exhibit 99.1
Consolidated Statements of Cash Flows (Unaudited)
(in millions of U.S. dollars) | December 29, 2007 | December 30, 2006 | December 31, 2005 | |||||||||
OPERATING ACTIVITIES | ||||||||||||
Net (loss) income | $ | (73.2 | ) | $ | (17.5 | ) | $ | 24.6 | ||||
Depreciation and amortization | 71.7 | 86.8 | 70.2 | |||||||||
Amortization of financing fees | 1.8 | 1.1 | 0.8 | |||||||||
Share-based compensation | 3.9 | 11.4 | — | |||||||||
Minority interest | 2.7 | 3.8 | 4.5 | |||||||||
Loss on disposal of property, plant and equipment | 0.2 | — | 1.5 | |||||||||
Gain on buyback of notes | (0.4 | ) | — | — | ||||||||
Asset impairments | 66.4 | 15.4 | 33.5 | |||||||||
Net change in non-cash working capital, deferred income taxes and other non-cash items | 7.7 | 8.4 | (6.0 | ) | ||||||||
Cash provided by operating activities | 80.8 | 109.4 | 129.1 | |||||||||
INVESTING ACTIVITIES | ||||||||||||
Additions to property, plant and equipment | (74.1 | ) | (35.1 | ) | (75.8 | ) | ||||||
Additions to intangibles and other assets | (3.7 | ) | (13.0 | ) | (9.0 | ) | ||||||
Proceeds from disposition of property, plant and equipment | 1.3 | 1.6 | 2.2 | |||||||||
Acquisition of businesses and business assets | (2.2 | ) | — | (135.1 | ) | |||||||
Cash used in investing activities | (78.7 | ) | (46.5 | ) | (217.7 | ) | ||||||
FINANCING ACTIVITIES | ||||||||||||
Payments of long-term debt | (0.7 | ) | (1.0 | ) | (0.9 | ) | ||||||
Payments of short-term borrowings | (13.7 | ) | — | — | ||||||||
Short-term borrowings | 34.7 | (65.9 | ) | 91.8 | ||||||||
Long-term borrowings | 0.7 | — | — | |||||||||
Purchase and cancellation of long-term debt | (5.5 | ) | — | — | ||||||||
Distributions to subsidiary minority shareowner | (3.9 | ) | (5.4 | ) | (5.8 | ) | ||||||
Issue of common shares | 0.5 | 0.4 | 3.6 | |||||||||
Financing costs | — | — | (3.8 | ) | ||||||||
Other financing activities | (0.4 | ) | 0.6 | (0.4 | ) | |||||||
Cash provided by (used in) financing activities | 11.7 | (71.3 | ) | 84.5 | ||||||||
Effect of exchange rate changes on cash | 0.2 | 0.1 | (0.8 | ) | ||||||||
Net increase (decrease) in cash | 14.0 | (8.3 | ) | (4.9 | ) | |||||||
Cash, beginning of year | 13.4 | 21.7 | 26.6 | |||||||||
Cash, end of year | $ | 27.4 | $ | 13.4 | $ | 21.7 | ||||||