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Consolidated Statements of Cash Flows - CAD
CAD in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities    
Profit for the year CAD 2,538 CAD 1,041
Depreciation and amortization 1,467 1,385
Provision for income taxes 1,438 587
Asset impairments and (impairment reversal) (163) 294
Gain on sale of investments and assets (51) (96)
Foreign exchange gains (5) (46)
Loss (gain) on debt repurchase 216 (49)
Gain on debt prepayment options (51) (113)
Finance expense 229 354
Income taxes paid (879) (272)
Other 233 331
Net change in non-cash working capital items 94 (360)
Net cash generated by operating activities 5,066 3,056
Investing activities    
Property, plant and equipment (1,621) (1,416)
Capitalized production stripping costs (678) (477)
Expenditures on financial investments and other assets (309) (114)
Proceeds from the sale of investments and other assets 109 170
Net cash used in investing activities (2,499) (1,837)
Financing activities    
Issuance of debt   1,567
Repurchase and repayment of debt (1,929) (2,560)
Debt interest and finance charges paid (495) (571)
Issuance of Class B subordinate voting shares 26 8
Purchase and cancellation of Class B subordinate voting shares (175)  
Dividends paid (344) (58)
Distributions to non-controlling interests (56) (21)
Net cash used in financing activities (2,973) (1,635)
Effect of exchange rate changes on cash and cash equivalents (49) (64)
Decrease in cash and cash equivalents (455) (480)
Cash and cash equivalents at beginning of year 1,407 1,887
Cash and cash equivalents at end of year CAD 952 CAD 1,407