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CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Activities    
Net (loss) earnings $ (4,319) $ 2,899
Adjustments for:    
Depreciation, depletion, amortization and impairment 9,526 10,572
Deferred income tax recovery (1,119) (1,918)
Accretion 278 270
Unrealized foreign exchange gain on U.S. dollar denominated debt (312) (624)
Change in fair value of financial instruments and trading inventory 108 107
Gain on disposal of assets (16) (253)
Share-based compensation (238) 44
Exploration 80 66
Settlement of decommissioning and restoration liabilities (231) (464)
Other 119 119
Increase in non-cash working capital (1,201) (397)
Cash flow provided by operating activities 2,675 10,421
Investing Activities    
Capital and exploration expenditures (3,926) (5,558)
Proceeds from disposal of assets 72 274
Other investments (113) (213)
(Increase) decrease in non-cash working capital (557) 409
Cash flow used in investing activities (4,524) (5,088)
Financing Activities    
Net increase (decrease) in short-term debt 1,445 (982)
Net increase in long-term debt 2,634 557
Lease liability payments (335) (307)
Issuance of common shares under share option plans 29 90
Repurchase of common shares (307) (2,274)
Distributions relating to non-controlling interest (10) (7)
Dividends paid on common shares (1,670) (2,614)
Cash flow provided by (used in) financing activities 1,786 (5,537)
Decrease in Cash and Cash Equivalents (63) (204)
Effect of foreign exchange on cash and cash equivalents (12) (57)
Cash and cash equivalents at beginning of year 1,960 2,221
Cash and Cash Equivalents at End of Year 1,885 1,960
Supplementary Cash Flow Information    
Interest paid 1,028 996
Income taxes paid $ 695 $ 1,033