Marine Transport Ltd.'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 2017. Compare the company's level of investment with the previous year, and indicate how the company financed its investments during 2017?

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Marine Transport Ltd Consolidated Statement of Cash Flows For the Years Ended December 31 (Stated in thousands of Canadian dollars) 2 3 Cash flows from (used in): 4 Operating activities: 2017 2016 Net earnings 6 tems not involving cash 7 Depreciation and amortization 127,2231,442 Amortization of other liabilities Amortization of hedge Net realized loss on cash flow hedge Loss on derecognition of propert (897) 1,400 18 (868) 1,427 settlements 10 y and equipment and ship parts Stock-based compensation expense Future income tax e 32,773 394 12 13 14 15 Unrealized foreign exchange loss (gain) 16 17 20,05821205 21,205 41,775 13,813 112,069 46,635 (346) Decrease in non-cash working capital 43,707 541,065 338,272 338,272 18 Financing activities 19 Increase in long-term debt 141,178418,581 (156,516) (132,559) (480) (10) Repayment of long-term debt Decrease in obligations under capital lease Share issuance costs Shares repurchased Issuance of common shares Increase in other assets Increase in non-cash working capital 21 (356) (21,250) 1,551 23 24 25 26 27 28 Investing activities 29 30 Ship disposals 31 32 Other (20,897) (27,830) (1,071) (59,290) 256,631 (3,000) Ship additions (191,437) (438,906) 3,822 (24,639)(43,590) 1,611 (200,282) (477,063) 1,975 her property and equipment additions y and equipment disposals Ot 13,819 34 35 Cash flow from operating, fi 36 Effect of exchange rate on cash 37 Net change in cash 38 Cash, beginning of year 39 Cash, end of year 40 41 Cash is defined as equivalents. financing, and investing activities 281,493 (5,452) 276,041 377,517 117,840 37 117,877 259,640