Marine Transport Lid.'s statement of cash flows, as adapted, appears as follows:

{Requirement}
As a member of an investment club, you have been asked to review Marine Transport's major investing activities during 2020. Compare the company's level of investment with the previous year, and indicate how the company financed its investments during 2020.

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A Marine Transport Ltd. Consolidated Statement of Cash Flows For the Years Ended December 31 (Stated in thousands of Canadian dollars) B C D 2 2020 2019 3 Cash flows from (used in): 4 Operating activities: 5 Net earnings $ 192,833 $114,676 6 7 Items not involving cash: Depreciation and amortization 127,223 111,442 8 Amortization of other liabilities (897) (868) 9 Amortization of hedge settlements 1,400 1,427 10 Net realized loss on cash flow hedge 18 11 Loss on derecognition of property and equipment and 12 ship parts 32,773 394 13 Stock-based compensation expense 20,058 21,205 14 Future income tax expense 41,775 46,635 15 Unrealized foreign exchange loss (gain) 13,813 (346) 16 Decrease in tion cash working capital 112,069 43.707 17 541,065 338.272 18 Financing activities: 19 Increase in long-term debt 141,178 418,581 20 Repayment of long-term debt (156,516) (132,559) 21 Decrease in obligations under capital lease (356) (480) 22 Share issuance costs (10) 23 Shares repurchased (21,250) 24 Issuance of common shares 1,551 25 Increase in other assets (20.897) (27,830)