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Consolidated Statements of Cash Flows - CAD
CAD in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net income CAD 5,484 CAD 3,640 CAD 3,538
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,281 1,225 1,158
Deferred income taxes (1,195) 704 600
Gain on disposal of property 0 (76) 0
Changes in operating assets and liabilities:      
Accounts receivable (125) (3) 188
Material and supplies (70) (2) 4
Accounts payable and other 418 (51) (282)
Other current assets (80) 21 46
Pensions and other, net (197) (256) (112)
Net cash provided by operating activities 5,516 5,202 5,140
Investing activities      
Property additions (2,673) (2,695) (2,706)
Disposal of property 0 85 0
Other, net (65) (72) (61)
Net cash used in investing activities (2,738) (2,682) (2,767)
Financing activities      
Issuance of debt 916 1,509 841
Repayment of debt (841) (955) (752)
Net issuance of commercial paper 379 137 451
Settlement of foreign exchange forward contracts on long-term debt (15) (21) 0
Issuance of common shares for stock options exercised 58 61 79
Withholding taxes remitted on the net settlements of equity settled awards (57) (44) (2)
Repurchase of common shares (2,016) (1,992) (1,742)
Purchase of common shares for settlement of equity settled awards (25) (15) (2)
Purchase of common shares by Share Trusts (55) (60) (100)
Dividends paid (1,239) (1,159) (996)
Net cash used in financing activities (2,895) (2,539) (2,223)
Effect of foreign exchange fluctuations on US dollar-denominated cash, cash equivalents, restricted cash, and restricted cash equivalents (2) 15 11
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents (119) (4) 161
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year 672 676 515
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year 553 672 676
Cash and cash equivalents, end of year 70 176 153
Restricted cash and cash equivalents, end of year 483 496 523
Supplemental cash flow information      
Interest paid (477) (470) (432)
Income taxes paid CAD (712) CAD (653) CAD (725)