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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income $ 4,216 $ 4,328 $ 5,484
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,562 1,329 1,281
Pension income and funding [1] (288) (209) (286)
Deferred income taxes 569 527 (1,195)
Gain on disposal of property 0 (338) 0
Changes in operating assets and liabilities:      
Accounts receivable (7) (91) (125)
Material and supplies (60) (120) (70)
Accounts payable and other (498) 379 418
Other current assets 5 14 (80)
Other operating activities, net [1] 424 99 89
Net cash provided by operating activities 5,923 5,918 5,516
Investing activities      
Property additions (3,865) (3,531) (2,673)
Acquisitions, net of cash acquired (259) 0 0
Disposal of property 0 194 0
Other investing activities, net (66) (67) (65)
Net cash used in investing activities (4,190) (3,404) (2,738)
Financing activities      
Issuance of debt 1,653 3,268 916
Repayment of debt (402) (2,393) (841)
Change in commercial paper, net 141 99 379
Settlement of foreign exchange forward contracts on debt 2 53 (15)
Issuance of common shares for stock options exercised 77 103 58
Withholding taxes remitted on the net settlement of equity settled awards (61) (51) (57)
Repurchase of common shares (1,700) (2,000) (2,016)
Purchase of common shares for settlement of equity settled awards (11) (16) (25)
Purchase of common shares by Share Trusts (33) (38) (55)
Dividends paid (1,544) (1,333) (1,239)
Acquisition, additional cash consideration (25) 0 0
Net cash used in financing activities (1,903) (2,308) (2,895)
Effect of foreign exchange fluctuations on cash, cash equivalents, restricted cash, and restricted cash equivalents (1) 0 (2)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents (171) 206 (119)
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year 759 553 672
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year 588 759 553
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year 588 553 672
Supplemental cash flow information      
Interest paid (521) (488) (477)
Income taxes paid $ (822) $ (776) $ (712)
[1] In the first quarter of 2019, the Company began presenting Pension income and funding as a separate line on the Consolidated Statements of Cash Flows. Previously pension income and funding was included in Other operating activities, net. Comparative figures have been adjusted to conform to the current presentation.