v3.26.1
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash flows from (used in) operating activities        
Net loss $ (75,978) $ (86,071) $ (127,974) $ (108,410)
Adjustments to reconcile net loss to cash flows from operating activities        
Depreciation and amortization 37,981 37,523 78,721 77,878
Deferred income tax recovery (13,254) (1,632) (21,263) (11,138)
Inventory impairment 29,000 11,000 51,000 11,000
Defined benefit pension plans and other post-retirement benefit plan expense (income) (82) 175 (161) 344
Stock compensation expense (857) 1,036 (69) 2,042
Foreign exchange transaction losses (gains) (621) 9,361 (5,261) 17,779
Other 2,462 3,012 2,250 4,640
Changes in working capital        
Accounts receivable 18,580 31,588 (13,452) 14,790
Inventories (46,597) (17,175) (81,727) (24,066)
Accounts payable and accrued expenses (87) (12,046) 12,579 16,386
Prepaid expenses and other 34,337 18,703 4,575 (8,760)
Net cash used in operating activities (15,116) (4,526) (100,782) (7,515)
Cash flows from (used in) investing activities        
Purchase of property, plant and equipment (12,164) (24,331) (25,330) (44,413)
Proceeds from government grants 4,825 3,115 4,825 3,115
Other 821 (1,557) 1,162 (1,335)
Net cash used in investing activities (6,518) (22,773) (19,343) (42,633)
Cash flows from (used in) financing activities        
Proceeds from revolving credit facilities, net 24,153 3,607 30,001 25,361
Dividend payments 0 (5,015) 0 (5,015)
Payment of finance lease obligations (3,753) (2,405) (7,316) (4,913)
Other (4,551) 545 (5,078) 545
Net cash from (used in) financing activities 15,849 (3,268) 17,607 15,978
Effect of exchange rate changes on cash, cash equivalents and restricted cash 19 (4,407) (512) (4,256)
Net decrease in cash, cash equivalents and restricted cash (5,766) (34,974) (103,030) (38,426)
Cash, cash equivalents and restricted cash, beginning of period 89,541 181,473 186,805 184,925
Cash, cash equivalents and restricted cash, end of period 83,775 146,499 83,775 146,499
Supplemental cash flow disclosure:        
Cash paid for interest 29,183 28,209 54,230 53,415
Cash paid for income taxes 0 12,679 0 29,591
Supplemental schedule of non-cash investing and financing activities:        
Leased production and other equipment $ 1,011 $ 4,072 $ 4,413 $ 5,460