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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating activities:    
Net income for the year $ 1,734 $ 849
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 4,616 4,121
Program rights amortization 63 70
Finance costs 2,295 2,047
Income tax expense 572 517
Post-employment benefits contributions, net of expense 82 46
(Income) losses from associates and joint ventures (8) 412
Other (166) 5
Cash provided by operating activities before changes in net operating assets and liabilities, income taxes paid, and interest paid 9,188 8,067
Change in net operating assets and liabilities (876) (627)
Income taxes paid (545) (439)
Interest paid, net (2,087) (1,780)
Cash provided by operating activities 5,680 5,221
Investing activities:    
Capital expenditures (4,041) (3,934)
Additions to program rights (72) (74)
Changes in non-cash working capital related to capital expenditures and intangible assets 136 (2)
Acquisitions and other strategic transactions, net of cash acquired (475) (16,215)
Other (3) 25
Cash used in investing activities (4,455) (20,200)
Financing activities:    
Net proceeds received from (repayment of) short-term borrowings 1,138 (1,439)
Net (repayment) issuance of long-term debt (1,103) 5,040
Net proceeds on settlement of debt derivatives and forward contracts 107 492
Transaction costs incurred (47) (284)
Principal payments of lease liabilities (478) (370)
Dividends paid to common shareholders (739) (960)
Other (5) 0
Cash provided by (used in) financing activities (1,127) 2,479
Change in cash and cash equivalents and restricted cash and cash equivalents 98 (12,500)
Cash and cash equivalents and restricted cash and cash equivalents, beginning of period 800 13,300
Cash and cash equivalents, end of period $ 898 $ 800