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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net Earnings (Loss) $ (2,669) $ 3,366 $ (545)
Depreciation, Depletion and Amortization 2,131 2,030 1,498
Exploration Expense 2,123 890 2
Deferred Income Taxes (794) 583 (209)
Unrealized (Gain) Loss on Risk Management (1,249) 729 554
Unrealized Foreign Exchange (Gain) Loss 649 (857) (189)
Revaluation (Gain)   (2,555)  
Re-measurement of Contingent Payment 50 (138)  
(Gain) Loss on Discontinuance (301) (1,285)  
(Gain) Loss on Divestiture of Assets 795 1 6
Unwinding of Discount on Decommissioning Liabilities 63 128 130
Onerous Contract Provisions, Net of Cash Paid 618 (8) 53
Other Asset Impairments     30
Realized Foreign Exchange (Gain) Loss on Non-Operating Items 206 (18) 1
Other 52 48 92
Net Change in Other Assets and Liabilities (72) (107) (91)
Net Change in Non-Cash Working Capital 552 252 (471)
Cash From (Used in) Operating Activities 2,154 3,059 861
Investing Activities      
Acquisition, Net of Cash Acquired   (14,565)  
Capital Expenditures – Exploration and Evaluation Assets (55) (147) (67)
Capital Expenditures – Property, Plant and Equipment (1,322) (1,523) (967)
Proceeds From Divestitures 1,050 3,210 8
Net Change in Investments and Other 9   (1)
Net Change in Non-Cash Working Capital (295) 159 (52)
Cash From (Used in) Investing Activities (613) (12,866) (1,079)
Net Cash Provided (Used) Before Financing Activities 1,541 (9,807) (218)
Financing Activities      
Issuance of Long-Term Debt   3,842  
(Repayment) of Long-Term Debt (1,144)    
Net Issuance (Repayment) of Revolving Long-Term Debt (20) 32  
Issuance of Debt Under Asset Sale Bridge Facility   3,569  
(Repayment) of Debt Under Asset Sale Bridge Facility   (3,600)  
Common Shares Issued, Net of Issuance Costs   2,899  
Dividends Paid on Common Shares (245) (225) (166)
Other (1) (2) (2)
Cash From (Used in) Financing Activities (1,410) 6,515 (168)
Foreign Exchange Gain (Loss) on Cash and Cash Equivalents Held in Foreign Currency 40 182 1
Increase (Decrease) in Cash and Cash Equivalents 171 (3,110) (385)
Cash and Cash Equivalents, Beginning of Year 610 3,720 4,105
Cash and Cash Equivalents, End of Year $ 781 $ 610 $ 3,720