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Consolidated Statement of Cash Flows (CAD)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities      
Net income 2,612 2,680 2,457
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation and amortization 980 924 884
Deferred income taxes 331 451 531
Gain on disposal of property (69) (281) (348)
Changes in operating assets and liabilities:      
Accounts receivable 32 (20) (51)
Material and supplies (38) (30) 11
Accounts payable and other (245) 129 34
Other current assets 13 (13) (2)
Pensions and other, net (68) (780) (540)
Net cash provided by operating activities 3,548 3,060 2,976
Investing activities      
Property additions (1,973) (1,731) (1,625)
Disposal of property 52 311 369
Change in restricted cash and cash equivalents 73 (22) (499)
Other, net (4) 21 26
Net cash used in investing activities (1,852) (1,421) (1,729)
Financing activities      
Issuance of debt 1,850 493 787
Repayment of debt (1,413) (140) (509)
Issuance of common shares due to exercise of stock options and related excess tax benefits realized 31 117 77
Repurchase of common shares (1,400) (1,400) (1,420)
Dividends paid (724) (652) (585)
Net cash used in financing activities (1,656) (1,582) (1,650)
Effect of foreign exchange fluctuations on US dollar-denominated cash and cash equivalents 19 (3) 14
Net increase (decrease) in cash and cash equivalents 59 54 (389)
Cash and cash equivalents, beginning of year 155 101 490
Cash and cash equivalents, end of year 214 155 101
Supplemental cash flow information      
Net cash receipts from customers and other 10,640 9,877 8,995
Net cash payments for:      
Employee services, suppliers and other expenses (5,558) (5,241) (4,643)
Interest (344) (364) (329)
Personal injury and other claims (61) (79) (97)
Pensions (239) (844) (468)
Income taxes (890) (289) (482)
Net cash provided by operating activities 3,548 3,060 2,976