v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 31, 2025
May 31, 2024
May 31, 2023
Cash provided by (used in) operating activities:      
Net loss $ (2,181,356) $ (222,404) $ (1,443,000)
Adjustments for:      
Deferred income tax recovery (121,017) (38,872) (31,953)
Unrealized foreign exchange (gain) loss (18,218) 3,756 17,768
Amortization 133,490 126,913 130,149
Loss (gain) on sale of capital assets 928 (4,198) (48)
Accretion of convertible debt discount 10,863 14,459 3,848
Inventory valuation write down 0 0 55,000
Asset Impairment Charges 2,096,139 0 934,001
Other than temporary change in fair value of convertible notes receivable 21,661 42,681 246,330
Other non-cash items (2,203) 13,626 11,406
Stock-based compensation 24,289 31,769 39,595
Loss on long-term investments & equity investments 5,550 4,855 2,190
(Gain) loss on derivative instruments (2,161) 21,172 27,365
Change in fair value of contingent consideration 0 (15,790) 855
Change in non-cash working capital:      
Accounts receivable (17,801) (6,575) 4,168
Prepaids and other current assets (8,264) 13,069 3,122
Inventory (13,561) (15,578) (12,934)
Accounts payable and accrued liabilities (22,938) 212 20,044
Net cash provided by (used in) operating activities (94,599) (30,905) 7,906
Cash provided by (used in) investing activities:      
Investment in capital and intangible assets (32,917) (29,249) (20,800)
Proceeds from disposal of capital and intangible assets 6,824 8,509 4,304
Disposal (purchase) of marketable securities, net (2,515) 209,715 (241,897)
Business acquisitions, net of cash acquired (18,110) (60,626) (26,718)
Net cash provided by (used in) investing activities (46,718) 128,349 (285,111)
Cash provided by (used in) financing activities:      
Share capital issued, net of cash issuance costs 161,188 8,619 129,593
Shares effectively repurchased for employee withholding tax 0 0 (1,189)
Proceeds from long-term debt 3,450 32,621 1,288
Repayment of long-term debt (15,506) (22,402) (21,336)
Proceeds from convertible debt 0 21,553 145,052
Repayment of convertible debt (330) (107,330) (187,394)
Repayment of lease liabilities (2,900) (2,900) (1,114)
Net increase (decrease) in bank indebtedness (10,852) (5,348) 5,258
Dividend paid to NCI (1,544) 0 0
Net cash provided by (used in) financing activities 133,506 (75,187) 70,158
Effect of foreign exchange on cash and cash equivalents 1,137 (549) (2,230)
Net decrease in cash and cash equivalents (6,674) 21,708 (209,277)
Cash and cash equivalents, beginning of year 228,340 206,632 415,909
Cash and cash equivalents, end of year $ 221,666 $ 228,340 $ 206,632