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Consolidated Statements of Cash Flows (unaudited) - CAD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating Activities        
Net Earnings (Loss) $ (418) $ 2,617 [1],[2] $ (1,072) $ 2,828 [1],[2],[3]
Depreciation, Depletion and Amortization 559 477 1,194 840
Exploration Expense 4 (1) 6 2
Deferred Income Taxes 52 854 44 925
Unrealized (Gain) Loss on Risk Management (122) (132) (261) (411)
Unrealized Foreign Exchange (Gain) Loss 213 (396) 495 (468)
Revaluation (Gain)   (2,555)   (2,555)
Re-measurement of Contingent Payment 377 (66) 494 (66)
(Gain) Loss on Discontinuance 38   (306)  
(Gain) Loss on Divestiture of Assets (1)   (1) 1
Unwinding of Discount on Decommissioning Liabilities 15 23 31 49
Onerous Contract Provisions, Net of Cash Paid (1) (8) 55 (5)
Other 58 (68) 54 (72)
Net Change in Other Assets and Liabilities (17) (25) (35) (56)
Net Change in Non-Cash Working Capital (224) 519 (288) 555
Cash From (Used in) Operating Activities 533 1,239 410 1,567
Investing Activities        
Acquisition, Net of Cash Acquired   (14,326)   (14,499)
Capital Expenditures – Exploration and Evaluation Assets (5) (33) (13) (76)
Capital Expenditures – Property, Plant and Equipment (289) (294) (810) (564)
Proceeds From Divestiture of Assets (39)   414  
Net Change in Investments and Other 3 1 9 1
Net Change in Non-Cash Working Capital (171) (54) (140) (27)
Cash From (Used in) Investing Activities (501) (14,706) (540) (15,165)
Net Cash Provided (Used) Before Financing Activities 32 (13,467) (130) (13,598)
Financing Activities        
Issuance of Long-Term Debt   3,842   3,842
Net Issuance (Repayment) of Revolving Long-Term Debt (14) 30 (13) 30
Issuance of Debt Under Asset Sale Bridge Facility   3,579   3,569
Common Shares Issued, Net of Issuance Costs   2,899   2,899
Dividends Paid on Common Shares (62) (61) (122) (102)
Other (1) (1) (1) (2)
Cash From (Used in) Financing Activities (77) 10,288 (136) 10,236
Foreign Exchange Gain (Loss) on Cash and Cash Equivalents Held in Foreign Currency 16 120 32 131
Increase (Decrease) in Cash and Cash Equivalents (29) (3,059) (234) (3,231)
Cash and Cash Equivalents, Beginning of Period 405 3,548 610 3,720
Cash and Cash Equivalents, End of Period $ 376 $ 489 $ 376 $ 489
[1] The comparative period has been restated to reflect discontinued operations as discussed in Note 8 and measurement period adjustments related to the Acquisition as discussed in Note 7.
[2] The comparative period has been restated to reflect measurement period adjustments related to the Acquisition as discussed in Note 7.
[3] The comparative period has been restated to reflect the measurement period adjustments related to the Acquisition as discussed in Note 7.