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CONSOLIDATED STATEMENTS OF CASH FLOWS (CAD)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating activities        
Earnings 126 76 312 432
Depreciation and amortization 334 310 656 610
Changes in unrealized loss on derivative instruments 358 330 606 531
Cash distributions in excess of equity earnings 242 337 211 387
Deferred income taxes (recovery)/expenses 70 (61) 71 (85)
Other   27 65 47
Changes in regulatory assets and liabilities 8 11 20 26
Changes in environmental liabilities, net of recoveries (Note 14) 40 (7) 201 (9)
Changes in operating assets and liabilities (241) (39) (412) (307)
Net operating activities 937 984 1,730 1,632
Investing activities        
Additions to property, plant and equipment (1,599) (1,183) (3,056) (1,999)
Long-term investments (295) (38) (423) (91)
Additions to intangible assets (60) (36) (111) (84)
Acquisition   (214)   (221)
Affiliate loans, net 1 1 3 3
Changes in restricted cash 4 (5) (5) (11)
Net investing activities (1,949) (1,475) (3,592) (2,403)
Financing activities        
Net change in bank indebtedness and short-term borrowings 358 66 146 (106)
Net change in commercial paper and credit facility draws (250) (697) 129 (917)
Net change in Southern Lights project financing (5) (14) (5) (19)
Debenture and term note issues       500
Debenture and term note repayments (210)   (410)  
Contributions from noncontrolling interests 5 1 280 3
Distributions to noncontrolling interests (114) (103) (228) (205)
Contributions from redeemable noncontrolling interests     91  
Distributions to redeemable noncontrolling interests (18) (11) (36) (23)
Preference shares issued 587 592 986 1,418
Common shares issued 592 392 614 409
Preference share dividends (41) (19) (79) (34)
Common share dividends (173) (149) (337) (305)
Net financing activities 731 58 1,151 721
Effect of translation of foreign denominated cash and cash equivalents 12 6 12 (6)
Decrease in cash and cash equivalents (269) (427) (699) (56)
Cash and cash equivalents at beginning of period 1,346 1,094 1,776 723
Cash and cash equivalents at end of period 1,077 667 1,077 667