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condensed interim consolidated statements of cash flows - CAD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES        
Net income $ 498 $ 344 $ 902 $ 677
Adjustments to reconcile net income to cash provided by operating activities:        
Depreciation and amortization 831 793 1,673 1,582
Deferred income taxes (5) (24) (6) (21)
Share-based compensation expense, net 42 52 68 87
Net employee defined benefit plans expense 25 30 52 56
Employer contributions to employee defined benefit plans (8) (12) (25) (28)
Non-current contract assets 11 6 40 21
Non-current unbilled customer finance receivables 113 (44) 31 (67)
Loss from equity accounted investments 3 2 7 6
Other (148) (26) (155) (43)
Net change in non-cash operating working capital (112) 123 (202) (87)
Cash provided by operating activities 1,250 1,244 2,385 2,183
INVESTING ACTIVITIES        
Cash payments for capital assets, excluding spectrum licences (1,016) (771) (2,029) (1,521)
Cash payments for spectrum licences   (21)   (272)
Cash payments for acquisitions, net (142) (13) (269) (150)
Advances to, and investment in, real estate joint ventures and associates (2) (2) (2) (17)
Real estate joint venture receipts 1 1 2 2
Proceeds on disposition 7 1 12 1
Investment in portfolio investments and other (286) (55) (351) (56)
Cash used by investing activities (1,438) (860) (2,637) (2,013)
FINANCING ACTIVITIES        
Common Shares issued       1,300
Dividends paid to holders of Common Shares (290) (251) (583) (502)
Issue (repayment) of short-term borrowings, net 171   165  
Long-term debt issued 1,770 1,250 4,057 2,225
Redemptions and repayment of long-term debt (1,770) (1,090) (3,629) (2,626)
Shares of subsidiary issued and sold to (purchased from) non-controlling interests, net (85)   (85) 827
Other   (13) (14) (59)
Cash provided (used) by financing activities (204) (104) (89) 1,165
CASH POSITION        
Increase (decrease) in cash and temporary investments, net (392) 280 (341) 1,335
Cash and temporary investments, net, beginning of period 774 1,903 723 848
Cash and temporary investments, net, end of period 382 2,183 382 2,183
SUPPLEMENTAL DISCLOSURE OF OPERATING CASH FLOWS        
Interest paid (195) (173) (375) (372)
Interest received   1 1 3
Income taxes paid, net        
In respect of comprehensive income (130) (133) (238) (315)
In respect of business acquisitions       (38)
Income taxes paid, net $ (130) $ (133) $ (238) $ (353)