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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 4,892 $ 3,562 $ 4,216
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,598 1,589 1,562
Pension income and funding (305) (234) (288)
Amortization of bridge financing and other fees 97 0 0
Deferred income taxes 511 487 569
Loss on assets held for sale (137) 486 0
Changes in operating assets and liabilities:      
Accounts receivable (22) 158 (7)
Material and supplies (7) 20 (60)
Accounts payable and other 141 (49) (498)
Other current assets 35 0 5
Other operating activities, net 168 146 424
Net cash provided by operating activities 6,971 6,165 5,923
Investing activities      
Property additions (2,891) (2,863) (3,865)
Advance for acquisition and other transaction-related costs (908) 0 0
Refund of advance for acquisition 886 0 0
Acquisitions, net of cash acquired 0 (8) (259)
Other investing activities, net 40 (75) (66)
Net cash used in investing activities (2,873) (2,946) (4,190)
Financing activities      
Issuance of debt 403 1,789 1,653
Repayment of debt (861) (1,221) (402)
Change in commercial paper, net 66 (1,273) 141
Bridge financing and other fees (97) 0 0
Settlement of foreign exchange forward contracts on debt (8) 26 2
Issuance of common shares for stock options exercised 52 56 77
Withholding taxes remitted on the net settlement of equity settled awards (37) (48) (61)
Repurchase of common shares (1,582) (379) (1,700)
Purchase of common shares for settlement of equity settled awards (27) (9) (11)
Purchase of common shares by Share Trusts (26) (14) (33)
Dividends paid (1,740) (1,634) (1,544)
Acquisition, additional cash consideration 0 0 (25)
Net cash used in financing activities (3,857) (2,707) (1,903)
Effect of foreign exchange fluctuations on cash, cash equivalents, restricted cash, and restricted cash equivalents 0 0 (1)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents 241 512 (171)
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year 1,100 588 759
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year 1,341 1,100 588
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Cash and cash equivalents, end of year 838 569 64
Restricted cash and cash equivalents, end of year 503 531 524
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year 1,341 1,100 588
Supplemental cash flow information      
Interest paid (512) (551) (521)
Income taxes paid $ (759) $ (353) $ (822)