XML 17 R5.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Earnings $ 1,565 $ 1,866
Adjustments to reconcile earnings to net cash provided by operating activities:    
Depreciation and amortization 1,193 1,146
Deferred income tax expense 134 484
Unrealized derivative fair value loss/(gain), net (Note 9) 693 (520)
Income from equity investments (696) (517)
Distributions from equity investments 556 453
Other 6 40
Changes in operating assets and liabilities (300) 914
Net cash provided by operating activities 3,151 3,866
Investing activities    
Capital expenditures (1,185) (1,129)
Long-term, restricted and other investments (411) (413)
Distributions from equity investments in excess of cumulative earnings 266 100
Additions to intangible assets (42) (66)
Acquisitions (6,397) 0
Net change in affiliate loans 0 71
Other (23) 0
Net cash used in investing activities (7,792) (1,437)
Financing activities    
Net change in short-term borrowings (65) (559)
Net change in commercial paper and credit facility draws 5,828 (2,921)
Debenture and term note issues, net of issue costs 0 4,111
Debenture and term note repayments (3,781) (968)
Contributions from noncontrolling interests 2 4
Distributions to noncontrolling interests (78) (92)
Preference share dividends (93) (84)
Common share dividends (1,945) (1,798)
Net change in affiliate loans 14 51
Other (2) (33)
Net cash used in financing activities (120) (2,289)
Effect of translation of foreign denominated cash and cash equivalents and restricted cash 161 4
Net change in cash and cash equivalents and restricted cash (4,600) 144
Cash and cash equivalents and restricted cash at beginning of period 5,985 907
Cash and cash equivalents and restricted cash at end of period $ 1,385 $ 1,051