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INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - CAD
CAD in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating activities        
Net income CAD 347 CAD 323 CAD 1,215 CAD 1,033
Reconciliation of net income to cash provided by operating activities:        
Depreciation and amortization 155 149 478 440
Deferred income taxes 50 0 233 106
Pension funding in excess of expense (26) (10) (105) (40)
Foreign exchange (gain) loss on long-term debt 46 128 (153) 182
Other operating activities, net (17) (53) (130) (122)
Change in non-cash working capital balances related to operations 36 159 (217) 237
Cash provided by operating activities 591 696 1,321 1,836
Investing activities        
Additions to properties (294) (449) (902) (1,067)
Proceeds from Sale of Property Held-for-sale 0 281   281
Proceeds from sale of properties and other assets 16 13 87 73
Other 0 (8) (2) 5
Cash used in investing activities (278) (163) (817) (708)
Financing activities        
Dividends paid (75) (57) (182) (172)
Issuance of CP Common Shares 5 5 14 32
Purchase of CP Common Shares (412) (1,523) (1,200) (2,595)
Issuance of long-term debt, excluding commercial paper 0 2,601 0 3,411
Repayment of long-term debt, excluding commercial paper (12) (432) (30) (499)
Net issuance (repayment) of commercial paper (Note 8) 190 (669) 366 (893)
Other 0 0 (3) 0
Cash used in financing activities (304) (75) (1,035) (716)
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents 2 18 (16) 23
Cash position        
Increase (decrease) in cash and cash equivalents 11 476 (547) 435
Cash and cash equivalents at beginning of period 92 185 650 226
Cash and cash equivalents at end of period 103 661 103 661
Supplemental disclosures of cash flow information:        
Income taxes paid 17 48 274 107
Interest paid CAD 148 CAD 81 CAD 395 CAD 242