Quarterly report pursuant to Section 13 or 15(d)

Cash Flow Information

 v2.3.0.11
Cash Flow Information
 6 Months Ended
Jun. 30, 2011
Cash Flow Information  
Cash Flow Information

NOTE 18 – CASH FLOW INFORMATION

A reconciliation of capital additions to cash paid for capital expenditures for the six months ended June 30, 2011 and 2010 is as follows:

 

     (In Millions)  
     Six Months Ended June 30,  
     2011      2010  

Capital additions

      $ 297.4           $ 70.7     

Cash paid for capital expenditures

      244.5           63.0     
                 

Difference

      $ 52.9           $ 7.7     
                 

Non-cash accruals

      $ 52.9           $ 7.7     

Capital leases

      -             -       
                 

Total

      $ 52.9           $ 7.7     
                 

Non-cash investing activities for the six months ended June 30, 2010 include the issuance of 4.2 million of our common shares valued at $173.1 million as part of the purchase consideration for the acquisition of the remaining interest in Freewest. Non-cash items for the six months ended June 30, 2010 also include gains of $38.6 million related to the remeasurement of our previous ownership interest in Freewest and Wabush held prior to each business acquisition. Refer to NOTE 5 – ACQUISITIONS AND OTHER INVESTMENTS for further information.