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CONSOLIDATED STATEMENTS OF CASH FLOWS (CAD)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities      
Earnings 943 1,242 781
Depreciation and amortization 1,206 1,112 1,017
Deferred income taxes (recovery)/expense (Note 23) (40) 368 203
Changes in unrealized (gains)/loss on derivative instruments, net 665 (73)  
Cash distributions in excess of equity earnings 474 125 102
Regulatory asset write-off (Note 5)   262  
Gain on acquisition (Note 6)     (22)
Asset impairment (Note 9) 166 11 11
Allowance for equity funds used during construction (1) (3) (96)
Other 110 14 9
Changes in regulatory assets and liabilities 37 28 29
Changes in environmental liabilities, net of recoveries (Note 28) (26) (118) 267
Changes in operating assets and liabilities (Note 26) (660) 403 (424)
Net operating activities 2,874 3,371 1,877
Investing activities      
Additions to property, plant and equipment (5,468) (3,508) (3,053)
Long-term investments (531) (1,515) (35)
Additions to intangible assets (163) (154) (56)
Acquisitions, net of cash acquired (Note 6) (340) (33) (850)
Affiliate loans, net 8 7 14
Proceeds on sale of investments and net assets 18   23
Government grant   145  
Changes in restricted cash (2) (2) (5)
Changes in construction payable 274 (19) 60
Net investing activities (6,204) (5,079) (3,902)
Financing activities      
Net change in bank indebtedness and short-term borrowings 412 224 (165)
Net change in commercial paper and credit facility draws (294) (630) (212)
Net change in Southern Lights project financing (13) (62) 14
Debenture and term note issues 2,199 1,604 3,220
Debenture and term note repayments (349) (234) (631)
Repayment of acquired debt (160)    
Contributions from noncontrolling interests 448 873 439
Distributions to noncontrolling interests (421) (355) (318)
Contributions from redeemable noncontrolling interests 213 210  
Distributions to redeemable noncontrolling interests (49) (35) (23)
Preference shares issued 2,634 926  
Common shares issued 465 46 66
Preference share dividends (93) (7) (7)
Common share dividends (597) (530) (426)
Net financing activities 4,395 2,030 1,957
Effect of translation of foreign denominated cash and cash equivalents (12) 25 (12)
Increase/(decrease) in cash and cash equivalents 1,053 347 (80)
Cash and cash equivalents at beginning of year 723 376 456
Cash and cash equivalents at end of year 1,776 723 376
Supplementary cash flow information      
Income taxes (received)/paid 267 (28) 115
Interest paid 988 955 871