On the next page(s) you find an excerpt of Richelieu Hardware 2016 Cash Flow Statement. Use this document to perform a brief analysis of the company's cash flow situation. CONSOLIDATED STATEMENTS OF CASH FLOWS Years ended November 30 [In thousands of dollars) 2016 2015 Notes $ OPERATING ACTIVITIES 63,013 58,878 Net earnings Items not affecting cash Amortization of property, plant and equipment Amortization of intangible assets 6,497 5,806 3,104 2,643 Deferred taxes (399) Share-based compensation expense 8 (525) 1,207 73,296 1,124 68,052 Net change in non-cash working capital balances (6,767) (40,741) 66,529 27,311 (273) (1,041) 16 (12,374) (11,717) FINANCING ACTIVITIES Repayment of long-term debt Dividends paid to Shareholders of the Parent Corporation Other dividends paid Common shares issued Common shares repurchased for cancellation (67) (596) 8 2,370 (23,087) 3,067 (9,180) 8 (33,431) (19,467) INVESTING ACTIVITIES Business acquisitions Additions to property, plant and equipment and intangible assets 3 (9,294) (511) 4,5 (10,986) (10,455) (19,749) (11,497) 13,515 Net change in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year (4,267) 33,721 29,454 42,969 29,454