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condensed interim consolidated statements of cash flows - CAD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES        
Net income $ 221 $ 196 $ 361 $ 420
Adjustments to reconcile net income to cash provided by operating activities:        
Depreciation and amortization 994 1,006 2,057 2,028
Deferred income taxes (Note 10) (70) (36) (168) (129)
Share-based compensation expense, net (Note 14(a)) 39 30 66 73
Net employee defined benefit plans expense (Note 15(a)) 17 16 34 31
Employer contributions to employee defined benefit plans (Note 15(a)) (6) (7) (14) (16)
Loss from equity accounted investments (Notes 7, 21) 5 4 10 8
Other (31) (18) (45) 69
Net change in non-cash operating working capital (Note 31(a)) 219 (74) 37 (606)
Cash provided by operating activities 1,388 1,117 2,338 1,878
INVESTING ACTIVITIES        
Cash payments for capital assets, excluding spectrum licences (Note 31(a)) (666) (777) (1,478) (1,753)
Cash payments for spectrum licences (Note 18(a)) (496) (5) (620) (5)
Cash payments for acquisitions, net (Note 18(b)) (78)   (167) (1,262)
Advances to, and investment in, real estate joint ventures and associates (Note 21) (2) (112) (5) (117)
Real estate joint venture receipts (Note 21) 1 2 3 4
Proceeds on disposition 7 7 21 7
Investment in portfolio investments and other (21) (23) (1) (115)
Cash used by investing activities (1,255) (908) (2,247) (3,241)
FINANCING ACTIVITIES (Note 31(b))        
Dividends paid to holders of Common Shares (Note 13(a)) (431) (320) (790) (638)
Issue (repayment) of short-term borrowings, net 940 1 940 490
Long-term debt issued (Note 26) 1,222 1,836 3,789 5,517
Redemptions and repayment of long-term debt (Note 26) (3,101) (1,898) (3,951) (4,270)
Shares of subsidiary purchased from non-controlling interests, net   (57)   (57)
Other   1 (16) (4)
Cash provided (used) by financing activities (1,370) (437) (28) 1,038
CASH POSITION        
Increase (decrease) in cash and temporary investments, net (1,237) (228) 63 (325)
Cash and temporary investments, net, beginning of period 2,164 877 864 974
Cash and temporary investments, net, end of period 927 649 927 649
SUPPLEMENTAL DISCLOSURE OF OPERATING CASH FLOWS        
Interest paid (315) (295) (649) (581)
Interest received 10 3 21 7
Income taxes paid, net $ (115) $ (152) $ (195) $ (279)