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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net income for the year $ 1,558 $ 1,592
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 2,585 2,618
Program rights amortization 68 77
Finance costs 849 881
Income tax expense 569 580
Post-employment benefits contributions, net of expense (5) 13
Other 2 119
Cash provided by operating activities before changes in net operating assets and liabilities, income taxes paid, and interest paid 5,626 5,880
Change in net operating assets and liabilities 37 (333)
Income taxes paid (700) (418)
Interest paid (802) (808)
Cash provided by operating activities 4,161 4,321
Investing activities:    
Capital expenditures (2,788) (2,312)
Additions to program rights (54) (57)
Changes in non-cash working capital related to capital expenditures and intangible assets 67 (37)
Acquisitions and other strategic transactions, net of cash acquired (3,404) (103)
Other 46 (49)
Cash used in investing activities (6,133) (2,558)
Financing activities:    
Net proceeds received from (repayment of) short-term borrowings 971 (1,146)
Hedging effect, net proceeds received from issuances 550 2,540
Net (payments) proceeds on settlement of debt derivatives and forward contracts (8) 80
Transaction costs incurred (31) (23)
Principal payments of lease liabilities (269) (213)
Dividends paid (1,010) (1,011)
Cash provided by financing activities 203 227
Change in cash and cash equivalents (1,769) 1,990
Cash and cash equivalents, beginning of year 2,484 494
Cash and cash equivalents, end of year $ 715 $ 2,484