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Consolidated statements of cash flows - CAD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities        
Net earnings $ 755 $ 814 $ 1,464 $ 1,502
Adjustments to reconcile net earnings to cash flows from operating activities        
Severance, acquisition and other costs 24 36 24 120
Depreciation and amortization 1,008 977 2,000 1,886
Post-employment benefit plans cost 80 82 170 150
Net interest expense 243 235 481 465
Losses on investments 0 0 0 12
Income taxes 292 298 527 548
Contributions to post-employment benefit plans (74) (86) (161) (174)
Payments under other post-employment benefit plans (19) (19) (38) (38)
Severance and other costs paid (33) (40) (68) (81)
Interest paid (252) (249) (488) (472)
Income taxes paid (net of refunds) (113) (114) (397) (402)
Acquisition and other costs paid (28) (21) (46) (104)
Net change in operating assets and liabilities 174 241 85 55
Cash flows from operating activities 2,057 2,154 3,553 3,467
Cash flows used in investing activities        
Capital expenditures (1,056) (1,042) (1,987) (1,894)
Business acquisitions (21) 0 (244) (1,635)
Disposition of intangibles and other assets 0 323 68 323
Acquisition of spectrum licences 0 0 (36) 0
Other investing activities (20) (5) (55) (14)
Cash flows used in investing activities (1,097) (724) (2,254) (3,220)
Cash flows used in financing activities        
Increase in notes payable 97 127 40 435
Decrease in securitized trade receivables (2) (360) (2) (10)
Issue of long-term debt 0 0 1,466 1,496
Repayment of long-term debt (1,068) (472) (1,241) (1,076)
Issue of common shares 1 41 2 89
Repurchase of shares for settlement of share-based payments (49) (45) (137) (141)
Repurchase of common shares 0 0 (175) 0
Cash dividends paid on common shares (678) (626) (1,324) (1,220)
Cash dividends paid on preferred shares (35) (30) (68) (73)
Cash dividends paid by subsidiaries to non-controlling interest 0 (9) (13) (21)
Return of capital to non-controlling interest (12) 0 (41) 0
Other financing activities (23) (9) (41) (22)
Cash flows used in financing activities (1,769) (1,383) (1,534) (543)
Net decrease in cash (421) (19) (188) (183)
Cash at beginning of period 675 439 442 603
Cash at end of period 254 420 254 420
Net (decrease) increase in cash equivalents (388) 66 (47) (113)
Cash equivalents at beginning of period 524 71 183 250
Cash equivalents at end of period $ 136 $ 137 $ 136 $ 137