XML 37 R5.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Earnings $ 5,827 $ 3,333 $ 3,266
Depreciation and amortization 3,391 3,246 3,163
Deferred income tax (recovery)/expense 1,156 (148) (2,877)
Changes in unrealized (gain)/loss on derivative instruments, net (Note 24) (1,751) 903 (1,242)
Earnings from equity investments (1,503) (1,509) (1,102)
Distributions from equity investments 1,804 1,539 1,264
Impairment of long-lived assets 423 1,104 4,463
Impairment of goodwill 0 1,019 102
(Gain)/loss on dispositions 254 8 (120)
Other 56 92 79
Changes in operating assets and liabilities (259) 915 (338)
Net cash provided by operating activities 9,398 10,502 6,658
Investing activities      
Capital expenditures (5,492) (6,806) (8,287)
Long-term investments and restricted long-term investments (1,159) (1,312) (3,586)
Distributions from equity investments in excess of cumulative earnings 417 1,277 125
Additions to intangible assets (200) (540) (789)
Cash acquired in Merger Transaction 0 0 682
Proceeds from dispositions 2,110 4,452 628
Other (20) (12) 212
Affiliate loans, net (314) (76) (22)
Net cash used in investing activities (4,658) (3,017) (11,037)
Financing activities      
Net change in short-term borrowings (127) (420) 721
Net change in commercial paper and credit facility draws 825 (2,256) (1,249)
Debenture and term note issues, net of issue costs 6,176 3,537 9,483
Debenture and term note repayments (4,668) (4,445) (5,054)
Sale of noncontrolling interest in subsidiary 0 1,289 0
Purchase of interest in consolidated subsidiary 0 0 (227)
Contributions from noncontrolling interests 12 24 832
Distributions to noncontrolling interests (254) (857) (919)
Contributions from redeemable noncontrolling interests 0 70 1,178
Distributions to redeemable noncontrolling interests 0 (325) (247)
Sponsored Vehicle buy-in cash payment 0 (64) 0
Preference shares issued 0 0 489
Redemption of preferred shares (300) (210) 0
Common shares issued 18 21 1,549
Preference share dividends (383) (364) (330)
Common share dividends (5,973) (3,480) (2,750)
Other (71) (23) 0
Net cash (used in)/provided by financing activities (4,745) (7,503) 3,476
Effect of translation of foreign denominated cash and cash equivalents and restricted cash 44 68 (72)
Net increase/(decrease) in cash and cash equivalents and restricted cash 39 50 (975)
Cash and cash equivalents and restricted cash at beginning of year 637 587 1,562
Cash and cash equivalents and restricted cash at end of year 676 637 587
Supplementary cash flow information      
Cash paid for income taxes 571 277 172
Cash paid for interest, net of amount capitalized 2,738 2,508 2,668
Property, plant and equipment non-cash accruals $ 730 $ 847 $ 889