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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income $ 3,562 $ 4,216 $ 4,328
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,589 1,562 1,329
Pension income and funding (234) (288) (209)
Deferred income taxes 487 569 527
Loss on assets held for sale 486 0 0
Gain on disposal of property 0 0 (338)
Changes in operating assets and liabilities:      
Accounts receivable 158 (7) (91)
Material and supplies 20 (60) (120)
Accounts payable and other (49) (498) 379
Other current assets 0 5 14
Other operating activities, net 146 424 99
Net cash provided by operating activities 6,165 5,923 5,918
Investing activities      
Property additions (2,863) (3,865) (3,531)
Acquisitions, net of cash acquired (8) (259) 0
Disposal of property 0 0 194
Other investing activities, net (75) (66) (67)
Net cash used in investing activities (2,946) (4,190) (3,404)
Financing activities      
Issuance of debt 1,789 1,653 3,268
Repayment of debt (1,221) (402) (2,393)
Change in commercial paper, net (1,273) 141 99
Settlement of foreign exchange forward contracts on debt 26 2 53
Issuance of common shares for stock options exercised 56 77 103
Withholding taxes remitted on the net settlement of equity settled awards (48) (61) (51)
Repurchase of common shares (379) (1,700) (2,000)
Purchase of common shares for settlement of equity settled awards (9) (11) (16)
Purchase of common shares by Share Trusts (14) (33) (38)
Dividends paid (1,634) (1,544) (1,333)
Acquisition, additional cash consideration 0 (25) 0
Net cash used in financing activities (2,707) (1,903) (2,308)
Effect of foreign exchange fluctuations on cash, cash equivalents, restricted cash, and restricted cash equivalents 0 (1) 0
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents 512 (171) 206
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year 588 759 553
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year 1,100 588 759
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year 1,100 588 553
Supplemental cash flow information      
Interest paid (551) (521) (488)
Income taxes paid $ (353) $ (822) $ (776)