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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net Earnings (Loss) $ 2,194 $ (2,669) $ 3,366
Depreciation, Depletion and Amortization 2,249 2,131 2,030
Exploration Expense 82 2,123 890
Deferred Income Tax Expense (Recovery) (814) (794) 583
Unrealized (Gain) Loss on Risk Management 149 (1,249) 729
Unrealized Foreign Exchange (Gain) Loss (827) 649 (857)
Revaluation (Gain)     (2,555)
Re-measurement of Contingent Payment 164 50 (138)
(Gain) Loss on Discontinuance   (301) (1,285)
(Gain) Loss on Divestiture of Assets (2) 795 1
Unwinding of Discount on Decommissioning Liabilities 58 63 128
Onerous Contract Provisions, Net of Cash Paid (15) 618 (8)
Realized Foreign Exchange (Gain) Loss on Non-Operating Items 401 206 (18)
Other 85 52 48
Net Change in Other Assets and Liabilities (84) (72) (107)
Net Change in Non-Cash Working Capital (355) 552 252
Cash From (Used in) Operating Activities 3,285 2,154 3,059
Investing Activities      
Acquisition, Net of Cash Acquired     (14,565)
Capital Expenditures – Exploration and Evaluation Assets (73) (55) (147)
Capital Expenditures – Property, Plant and Equipment (1,110) (1,322) (1,523)
Proceeds From Divestitures 1 1,050 3,210
Net Change in Investments and Other (133) 9  
Net Change in Non-Cash Working Capital (117) (295) 159
Cash From (Used in) Investing Activities (1,432) (613) (12,866)
Net Cash Provided (Used) Before Financing Activities 1,853 1,541 (9,807)
Financing Activities      
Issuance of Long-Term Debt     3,842
(Repayment) of Long-Term Debt (2,279) (1,144)  
Net Issuance (Repayment) of Revolving Term Debt 276 (20) 32
Issuance of Debt Under Asset Sale Bridge Facility     3,569
(Repayment) of Debt Under Asset Sale Bridge Facility     (3,600)
Principal Repayment of Leases (150)    
Common Shares Issued, Net of Issuance Costs     2,899
Dividends Paid on Common Shares (260) (245) (225)
Other   (1) (2)
Cash From (Used in) Financing Activities (2,413) (1,410) 6,515
Foreign Exchange Gain (Loss) on Cash and Cash Equivalents Held in Foreign Currency (35) 40 182
Increase (Decrease) in Cash and Cash Equivalents (595) 171 (3,110)
Cash and Cash Equivalents, Beginning of Year 781 610 3,720
Cash and Cash Equivalents, End of Year $ 186 $ 781 $ 610