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Consolidated statement of cash flows - CAD
CAD in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Generated from Operations      
Net income/(loss) CAD 3,344 CAD 573 CAD (1,140)
Depreciation and amortization 2,055 1,939 1,765
Goodwill and other asset impairment charges (Notes 8, 11 and 12) 1,257 1,388 3,745
Deferred income taxes (Note 16) 548 192 (102)
Deferred income taxes – U.S. Tax Reform (Note 16) (804) 0 0
Income from equity investments (Note 9) (773) (514) (440)
Distributions received from operating activities of equity investments (Note 9) 970 844 793
Employee post-retirement benefits funding, net of expense (Note 22) (64) (3) 44
(Gain)/loss on assets held for sale/sold (Notes 6 and 26) (631) 833 125
Equity allowance for funds used during construction (362) (253) (165)
Unrealized (gains)/losses on financial instruments (149) (149) 58
Other 43 55 47
(Increase)/decrease in operating working capital (Note 24) (272) 251 (307)
Net cash provided by operations 5,162 5,156 4,423
Investing Activities      
Capital expenditures (Note 4) (7,383) (5,007) (3,918)
Capital projects in development (Note 4) (146) (295) (511)
Contributions to equity investments (Notes 4 and 9) (1,681) (765) (493)
Acquisitions, net of cash acquired 0 (13,608) (236)
Proceeds from sale of assets, net of transaction costs 5,317 6 0
Other distributions from equity investments (Note 9) 362 727 9
Deferred amounts and other (168) 159 272
Net cash used in investing activities (3,699) (18,783) (4,877)
Financing Activities      
Notes payable issued/(repaid), net 1,038 (329) (1,382)
Long-term debt issued, net of issue costs 3,643 12,333 5,045
Long-term debt repaid (7,085) (7,153) (2,105)
Junior subordinated notes issued, net of issue costs 3,468 1,549 917
Advances from/(to) affiliate, net 193 4,523 (189)
Dividends on common shares (2,121) (1,612) (1,446)
Distributions paid to non-controlling interests (283) (279) (224)
Common shares issued 780 4,661 0
Partnership units of TC PipeLines, LP issued, net of issue costs 225 215 55
Common units of Columbia Pipeline Partners LP acquired (1,205) 0 0
Net cash (used in)/provided by financing activities (1,347) 13,908 671
Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents (39) (127) 112
Increase in Cash and Cash Equivalents 77 154 329
Cash and Cash Equivalents, Beginning of year 967 813 484
Cash and Cash Equivalents, End of year CAD 1,044 CAD 967 CAD 813