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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 $ 1,698 $ 1,260
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 3,216 3,012
Deferred income taxes 47 76
Share-based compensation expense, net 139 27
Net employee defined benefit plans expense 113 102
Employer contributions to employee defined benefit plans (53) (51)
Non-current contract assets 2 60
Non-current unbilled customer finance receivables (184) (136)
Gain on disposition of financial solutions business (410)  
Loss from equity accounted investments 10 29
Other (108) (75)
Net change in non-cash operating working capital (82) 270
Cash provided by operating activities 4,388 4,574
INVESTING ACTIVITIES    
Cash payments for capital assets, excluding spectrum licences (3,097) (2,822)
Cash payments for spectrum licences (2,219)  
Cash payments for acquisitions, net (468) (3,205)
Advances to, and investment in, real estate joint ventures and associates (46) (100)
Real estate joint venture receipts 4 5
Proceeds on disposition 508 86
Investment in portfolio investments and other (148) (129)
Cash used by investing activities (5,466) (6,165)
FINANCING ACTIVITIES    
Common Shares issued 1,300 1,495
Dividends paid to holders of Common Shares (1,045) (930)
Issue (repayment) of short-term borrowings, net 10 (8)
Long-term debt issued 4,891 4,882
Redemptions and repayment of long-term debt (4,972) (3,863)
Shares of subsidiary issued and sold to non-controlling interests, net 827 400
Other (58) (72)
Cash provided by financing activities 953 1,904
CASH POSITION    
Increase (decrease) in cash and temporary investments, net (125) 313
Cash and temporary investments, net, beginning of period 848 535
Cash and temporary investments, net, end of period 723 848
SUPPLEMENTAL DISCLOSURE OF OPERATING CASH FLOWS    
Interest paid (744) (740)
Interest received 17 13
Income taxes paid, net    
In respect of comprehensive income (563) (397)
In respect of business acquisitions (38) (33)
Income taxes paid, net $ (601) $ (430)