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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating Activities    
Net Earnings (Loss) $ 4,109 $ 6,450
Depreciation, Depletion and Amortization 4,644 4,679
Deferred Income Tax Expense (Recovery) (250) 642
Unrealized (Gain) Loss on Risk Management 52 (126)
Unrealized Foreign Exchange (Gain) Loss (210) 365
Realized Foreign Exchange (Gain) Loss on Non-Operating Items 98 146
Revaluation (Gain) Loss 34 (549)
Re-measurement of Contingent Payments 59 (469)
(Gain) Loss on Divestiture of Assets (14) (269)
Unwinding of Discount on Decommissioning Liabilities 220 176
(Income) Loss From Equity-Accounted Affiliates (51) (15)
Distributions Received From Equity-Accounted Affiliates 149 65
Other (37) (117)
Settlement of Decommissioning Liabilities (222) (150)
Net Change in Non-Cash Working Capital (1,193) 575
Cash From (Used in) Operating Activities 7,388 11,403
Investing Activities    
Acquisitions, Net of Cash Acquired (515) (397)
Capital Investment (4,298) (3,708)
Proceeds From Divestitures 12 1,514
Payment on Divestiture of Assets 0 (50)
Net Change in Investments and Other (125) (211)
Net Change in Non-Cash Working Capital (369) 538
Cash From (Used in) Investing Activities (5,295) (2,314)
Net Cash Provided (Used) Before Financing Activities 2,093 9,089
Financing Activities    
Net Issuance (Repayment) of Short-Term Borrowings 58 34
Repayment of Long-Term Debt (1,346) (4,149)
Principal Repayment of Leases (288) (302)
Common Shares Issued Under Stock Option Plans 46 138
Purchase of Common Shares Under NCIB (1,061) (2,530)
Payment for Purchase of Warrants (711) 0
Proceeds From Exercise of Warrants 18 62
Other inflows (outflows) of cash (3) (2)
Cash From (Used in) Financing Activities (4,313) (7,676)
Effect of Foreign Exchange on Cash and Cash Equivalents (77) 238
Increase (Decrease) in Cash and Cash Equivalents (2,297) 1,651
Cash and Cash Equivalents, Beginning of Year 4,524 2,873
Cash and Cash Equivalents, End of Year 2,227 4,524
Common Shares    
Financing Activities    
Dividends paid (990) (682)
Variable Dividends Paid on Common Shares 0 (219)
Preference shares    
Financing Activities    
Dividends paid $ (36) $ (26)