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condensed interim consolidated statements of cash flows - CAD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES        
Net income $ 315 $ 520 $ 668 $ 957
Adjustments to reconcile net income to cash provided by operating activities:        
Depreciation and amortization 725 633 1,450 1,250
Deferred income taxes 36 (39) (25) (8)
Share-based compensation expense, net 41 20 64 39
Net employee defined benefit plans expense 25 19 52 39
Employer contributions to employee defined benefit plans (12) (12) (27) (28)
Non-current contract assets 51 15 116 36
Non-current unbilled customer finance receivables (53) 9 (94) 15
Loss from equity accounted investments 5 1 13 1
Other (75) (22) (42) 51
Net change in non-cash operating working capital 404 16 464 (402)
Cash provided by operating activities 1,462 1,160 2,639 1,950
INVESTING ACTIVITIES        
Cash payments for capital assets, excluding spectrum licences (694) (645) (1,474) (1,438)
Cash payments for spectrum licences   (931)   (931)
Cash payments for acquisitions, net (107) (26) (1,211) (188)
Advances to, and investment in, real estate joint ventures and associate (8) (9) (88) (17)
Real estate joint venture receipts 1 1 3 2
Other (15) 10 (12) 10
Cash used by investing activities (823) (1,600) (2,782) (2,562)
FINANCING ACTIVITIES        
Common Shares issued     1,495  
Dividends paid to holders of Common Shares (240) (307) (462) (610)
Issue (repayment) of short-term borrowings, net   (400)    
Long-term debt issued 1,000 2,422 2,377 3,588
Redemptions and repayment of long-term debt (1,479) (1,617) (2,967) (2,534)
Shares of subsidiary issued to non-controlling interests     209  
Other (7) (29) (73) (29)
Cash provided (used) by financing activities (726) 69 579 415
CASH POSITION        
Increase (decrease) in cash and temporary investments, net (87) (371) 436 (197)
Cash and temporary investments, net, beginning of period 1,058 588 535 414
Cash and temporary investments, net, end of period 971 217 971 217
SUPPLEMENTAL DISCLOSURE OF OPERATING CASH FLOWS        
Interest paid (199) (147) (376) (326)
Interest received 3 3 6 5
Income taxes paid, net        
In respect of comprehensive income (11) (122) (104) (458)
In respect of business acquisitions (2)   (33) (15)
Income taxes paid, net $ (13) $ (122) $ (137) $ (473)