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CONSOLIDATED STATEMENT OF CASH FLOWS - CAD
CAD in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Generated from Operations      
Net (Loss)/Income CAD (1,140) CAD 1,994 CAD 1,894
Depreciation and amortization 1,765 1,611 1,485
Asset impairment charges (Note 7) 3,745    
Deferred income taxes (Note 15) (102) 684 562
Income from equity investments (Note 8) (440) (522) (597)
Distributed earnings received from equity investments (Note 8) 576 579 605
Employee post-retirement benefits expense, net of funding (Note 22) 44 37 50
Loss/(gain) on assets held for sale/sold (Notes 6 and 25) 125 (117)  
Equity allowance for funds used during construction (165) (95) (19)
Unrealized losses/(gains) on financial instruments 58 74 (35)
Other 47 22 32
Increase in operating working capital (Note 24) (359) (189) (334)
Net cash provided by operations 4,154 4,078 3,643
Investing Activities      
Capital expenditures (Note 4) (3,918) (3,489) (4,264)
Capital projects in development (Note 4) (511) (848) (488)
Contributions to equity investments (Note 8) (493) (256) (163)
Acquisitions, net of cash acquired (Note 25) (236) (241) (216)
Proceeds from sale of assets, net of transaction costs (Note 25)   196  
Distributions in excess of equity earnings (Note 8) 226 159 128
Deferred amounts and other 324 335 (117)
Net cash used in investing activities (4,608) (4,144) (5,120)
Financing Activities      
Notes payable (repaid)/issued, net (1,382) 544 (492)
Long-term debt issued, net of issue costs 5,045 1,403 4,253
Long-term debt repaid (2,105) (1,069) (1,286)
Junior subordinated notes issued, net of issue costs 917    
Advances to affiliates, net (189) (694) (297)
Dividends on common shares (1,446) (1,345) (1,286)
Dividends on preferred shares   (4) (22)
Distributions paid to non-controlling interests (224) (174) (146)
Common shares issued   1,115 899
Partnership units of subsidiary issued, net of issue costs 55 79 384
Preferred shares redeemed (Note 20)   (200) (200)
Net cash provided by/(used in) financing activities 671 (345) 1,807
Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents 112   28
Increase/(Decrease) in Cash and Cash Equivalents 329 (411) 358
Cash and Cash Equivalents, Beginning of year 484 895 537
Cash and Cash Equivalents, End of year CAD 813 CAD 484 CAD 895