Concordia International Corp. | CIK:0001642271 | 3

  • Filed: 3/8/2018
  • Entity registrant name: Concordia International Corp. (CIK: 0001642271)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1642271/000164227118000008/0001642271-18-000008-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1642271/000164227118000008/cxrx-20171231.xml
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    • ifrs-full:MaturityAnalysisForDerivativeFinancialLiabilities

    The following tables summarize the Company’s significant contractual undiscounted cash flows as at December 31, 2017 and December 31, 2016:

    As at
    Dec 31, 2017
     
    Financial Instruments
    < 3 months

    3 to 6 months

    6 months to 1 year

    1 to 2 years

    2 to 5 years

    Thereafter

    Total

    Accounts payable and accrued liabilities
    95,345

    —

    —

    —

    —

    —

    95,345

    Provisions
    26,130

    3,902

    4,064

    —

    —

    —

    34,096

    Long-term debt (a)
    3,688,418

    —

    —

    —

    —

    —

    3,688,418

    Interest on long-term debt (b)
    106,568

    —

    —

    —

    —

    —

    106,568

    Purchase consideration payable
    1,000

    —

    1,000

    1,000

    11,191

    1,000

    15,191

    Cross currency swap liability
    114,431

    —

    —

    —

    —

    —

    114,431

     
    4,031,892

    3,902

    5,064

    1,000

    11,191

    1,000

    4,054,049

     
    As at
    Dec 31, 2016
     
    Financial Instruments
    < 3 months

    3 to 6 months

    6 months to 1 year

    1 to 2 years

    2 to 5 years

    Thereafter

    Total

    Accounts payable and accrued liabilities
    169,493

    —

    —

    —

    —

    —

    169,493

    Provisions
    19,441

    2,786

    5,007

    —

    —

    —

    27,234

    Long-term debt (a)
    10,720

    10,720

    55,052

    42,881

    1,612,335

    1,975,835

    3,707,543

    Interest on long-term debt
    26,623

    104,337

    140,466

    261,298

    744,511

    181,220

    1,458,455

    Purchase consideration payable
    105,072

    —

    503

    2,503

    6,295

    7,377

    121,750

    Derivative financial instruments(c)
    —

    (2,056
    )
    1,707

    7,019

    150

    —

    6,820

     
    331,349

    115,787

    202,735

    313,701

    2,363,291

    2,164,432

    5,491,295

     

    (a) Long-term debt cash flows include an estimate of the minimum required annual excess cash flow sweep (refer to Note 14 (a)). No payments of excess cash flow were required to be made in 2017 and none are expected to be made in 2018. In addition, any payments that would be due as a result of the excess cash flow calculation would be stayed by the CBCA preliminary interim order. Refer to Notes 2 and 14 for details on long-term debt classification as at December 31, 2017 and the CBCA proceedings.
    (b) The contractual interest amount as at December 31, 2017 reflects the accrued interest payable on long-term debt.
    (c) Derivative financial instruments reflect the interest income, interest expense and principal amounts payable to and receivable from the counterparty under the contracts.