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Consolidated Statement of Cash Flows (CAD)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities      
Net income 2,457 2,104 1,854
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation and amortization 884 834 790
Deferred income taxes (Note 14) 531 418 138
Gain on disposal of property (Notes 5, 13) (348) (152) (226)
Changes in operating assets and liabilities:      
Accounts receivable (51) (3) 39
Material and supplies 11 (43) 32
Accounts payable and other 34 285 (204)
Other current assets (2) 13 77
Other, Net (540) (457) (221)
Net cash provided by operating activities 2,976 2,999 2,279
Investing activities      
Property additions (1,625) (1,586) (1,402)
Acquisitions, net of cash acquired (Note 3) 0 0 (373)
Disposal of property (Note 5) 369 168 231
Change in restricted cash and cash equivalents (499) 0 0
Other, net 26 35 107
Net cash used in investing activities (1,729) (1,383) (1,437)
Financing activities      
Issuance of debt 1,361 0 1,626
Repayment of debt (1,083) (184) (2,109)
Issuance of common shares due to exercise of stock options and related excess tax benefits realized (Note11) 77 115 73
Repurchase of common shares (Note 10) (1,420) (913) 0
Dividends paid (585) (503) (474)
Net cash used in financing activities (1,650) (1,485) (884)
Effect of foreign exchange fluctuations on US dollar-denominated cash and cash equivalents 14 7 (19)
Net increase (decrease) in cash and cash equivalents (389) 138 (61)
Cash and cash equivalents, beginning of year 490 352 413
Cash and cash equivalents, end of year 101 490 352
Supplemental cash flow information      
Net cash receipts from customers and other 8,995 8,404 7,505
Net cash payments for:      
Employee services, suppliers and other expenses (4,643) (4,334) (4,323)
Interest (329) (366) (407)
Personal injury and other claims (Note 17) (97) (64) (112)
Pensions (Note 12) (468) (427) (139)
Income taxes (Note 14) (482) (214) (245)
Net cash provided by operating activities 2,976 2,999 2,279