|
Net income
|
|
$10.2m
|
$27.0m
|
$33.2m
|
$17.6m
|
$41.8m
|
$49.3m
|
$67.3m
|
|
Depreciation of property and equipment
|
|
$3.8m
|
$4.1m
|
$4.6m
|
$3.4m
|
$2.8m
|
$2.2m
|
$2.5m
|
|
Deferred income tax expense
|
|
$231k
|
$4.7m
|
$4.0m
|
$0
|
$1.0m
|
$2.0m
|
$465k
|
|
Current income tax expense
|
|
$2.5m
|
$3.0m
|
$8.0m
|
$7.4m
|
$7.5m
|
$17.7m
|
$22.5m
|
|
(Gain) loss on investments
|
|
$1.1m
|
($5.1m)
|
$1.9m
|
$10.2m
|
($1.4m)
|
$10k
|
($15.4m)
|
|
Stock-based compensation
|
|
$5.4m
|
$4.5m
|
$3.6m
|
$17.0m
|
$20.4m
|
$17.6m
|
$73k
|
|
Other items
|
|
$130k
|
$1.0m
|
($1.3m)
|
($542k)
|
($7.0m)
|
($2.6m)
|
($505k)
|
|
Fees receivable
|
|
($2.4m)
|
($12.9m)
|
$8.4m
|
$2.2m
|
$884k
|
($7.9m)
|
($30.6m)
|
|
Other assets
|
|
($5.6m)
|
($3.0m)
|
$2.3m
|
($7.4m)
|
($5.1m)
|
($5.1m)
|
($3.9m)
|
|
Accounts payable, accrued liabilities and compensation payable
|
|
($6.9m)
|
$3.8m
|
($5.6m)
|
($9.4m)
|
($4.4m)
|
$4.2m
|
$87.2m
|
|
Cash provided by (used in) operating activities
|
|
$33.0m
|
$26.2m
|
$51.2m
|
$32.5m
|
$29.9m
|
$69.2m
|
$97.7m
|
|
Purchase of property and equipment
|
|
($2.2m)
|
($686k)
|
($693k)
|
($128k)
|
($1.5m)
|
($1.9m)
|
($1.9m)
|
|
Management contract consideration
|
|
$0
|
($12.5m)
|
($40.6m)
|
($10.5m)
|
$0
|
($3.9m)
|
$0
|
|
Cash provided by (used in) investing activities
|
|
$1.5m
|
($17.1m)
|
($20.6m)
|
($23.5m)
|
$4.6m
|
$24.5m
|
$9.3m
|
|
Acquisition of common shares for equity incentive plan
|
|
($4.9m)
|
($2.5m)
|
($10.2m)
|
($6.9m)
|
($5.3m)
|
($963k)
|
$0
|
|
Acquisition of common shares under normal course issuer bid
|
|
($1.7m)
|
($2.0m)
|
$0
|
($3.0m)
|
($4.2m)
|
($2.0m)
|
($1.6m)
|
|
Repayment of lease liabilities
|
|
($1.6m)
|
($1.9m)
|
($2.0m)
|
($2.3m)
|
($2.2m)
|
($1.3m)
|
($1.2m)
|
|
Contributions from non-controlling interest
|
|
$0
|
$3.5m
|
$892k
|
$7.3m
|
$4.2m
|
($1.5m)
|
$3.0m
|
|
Advances from loan facility
|
|
$15.0m
|
$1.1m
|
$12.7m
|
$25.8m
|
$0
|
$6.4m
|
$0
|
|
Repayments of loan facility
|
|
—
|
—
|
—
|
—
|
($30.2m)
|
($30.7m)
|
$0
|
|
Cash provided by (used in) financing activities
|
|
($16.1m)
|
($22.4m)
|
($24.2m)
|
($3.9m)
|
($63.5m)
|
($57.2m)
|
($33.3m)
|
|
Effect of foreign exchange on cash balances
|
|
$1.6m
|
$2.7m
|
($725k)
|
($3.2m)
|
($2.0m)
|
($10.3m)
|
$2.9m
|
|
Cash
|
|
$50.7m
|
$43.9m
|
$44.1m
|
$51.5m
|
$20.7m
|
$43.2m
|
$118.2m
|
|
Short-term deposits
|
|
$4.0m
|
$205k
|
$5.7m
|
$184k
|
$0
|
$3.6m
|
$5.2m
|
|
Purchase of investments
|
|
($34.2m)
|
($23.6m)
|
($15.2m)
|
($25.8m)
|
($25.5m)
|
($13.4m)
|
($7.9m)
|
|
Sale of investments
|
|
$38.0m
|
$19.7m
|
$35.8m
|
$12.9m
|
$27.0m
|
$43.7m
|
$19.1m
|
|
Dividends paid
|
|
($22.9m)
|
($23.1m)
|
($25.6m)
|
($25.8m)
|
($25.8m)
|
($27.1m)
|
($33.5m)
|
|
Net increase (decrease) in cash and cash equivalents during the year
|
|
$20.1m
|
($10.6m)
|
$5.7m
|
$1.9m
|
($31.0m)
|
$26.2m
|
$76.6m
|
|
Cash and cash equivalents, beginning of the year
|
|
$54.7m
|
$44.1m
|
$49.8m
|
$51.7m
|
$20.7m
|
$46.8m
|
$123.4m
|
|
Income taxes paid
|
|
($1.8m)
|
($795k)
|
($7.8m)
|
($8.1m)
|
($8.1m)
|
($8.4m)
|
($32.0m)
|