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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 income $ 4,328 $ 5,484 $ 3,640
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,329 1,281 1,225
Deferred income taxes 527 (1,195) 704
Gain on disposal of property (338) 0 (76)
Changes in operating assets and liabilities:      
Accounts receivable (91) (125) (3)
Material and supplies (120) (70) (2)
Accounts payable and other 379 418 (51)
Other current assets 14 (80) 21
Pensions and other, net (110) (197) (256)
Net cash provided by operating activities 5,918 5,516 5,202
Investing activities      
Property additions (3,531) (2,673) (2,695)
Disposal of property 194 0 85
Other, net (67) (65) (72)
Net cash used in investing activities (3,404) (2,738) (2,682)
Financing activities      
Issuance of debt 3,268 916 1,509
Repayment of debt (2,393) (841) (955)
Change in commercial paper, net 99 379 137
Settlement of foreign exchange forward contracts on debt 53 (15) (21)
Issuance of common shares for stock options exercised 103 58 61
Withholding taxes remitted on the net settlement of equity settled awards (51) (57) (44)
Repurchase of common shares (2,000) (2,016) (1,992)
Purchase of common shares for settlement of equity settled awards (16) (25) (15)
Purchase of common shares by Share Trusts (38) (55) (60)
Dividends paid (1,333) (1,239) (1,159)
Net cash used in financing activities (2,308) (2,895) (2,539)
Effect of foreign exchange fluctuations on cash, cash equivalents, restricted cash, and restricted cash equivalents 0 (2) 15
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents 206 (119) (4)
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year 553 672 676
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year 759 553 672
Cash and cash equivalents, end of year 266 70 176
Restricted cash and cash equivalents, end of year 493 483 496
Supplemental cash flow information      
Interest paid (488) (477) (470)
Income taxes paid $ (776) $ (712) $ (653)