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Consolidated Statements of Cash Flows
CAD in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
CAD
Dec. 31, 2016
CAD
Operating Activities    
Net earnings CAD 4,458.0 CAD 445.0
Adjustments for:    
Depreciation, depletion, amortization and impairment 5,601.0 6,117.0
Deferred income taxes 249.0 (512.0)
Accretion 247.0 269.0
Unrealized foreign exchange gain on U.S. dollar denominated debt (771.0) (458.0)
Change in fair value of financial instruments and trading inventory 128.0 (7.0)
Gain on disposal of assets (474.0) (68.0)
Loss on extinguishment of long-term debt 51.0 99.0
Share-based compensation 31.0 142.0
Exploration 41.0 204.0
Settlement of decommissioning and restoration liabilities (353.0) (269.0)
Other (69.0) 26.0
Increase in non-cash working capital (173.0) (308.0)
Cash flow provided by operating activities 8,966.0 5,680.0
Investing Activities    
Capital and exploration expenditures (6,551.0) (6,582.0)
Cash acquired from Canadian Oil Sands Limited   109.0
Acquisitions (308.0) (1,014.0)
Proceeds from disposal of assets [1] 1,611.0 229.0
Other investments (38.0) (25.0)
Decrease (increase) in non-cash working capital 267.0 (224.0)
Cash flow used in investing activities (5,019.0) (7,507.0)
Financing Activities    
Net change in short-term debt 981.0 531.0
Repayment of long-term debt (3,283.0) (1,693.0)
Issuance of long-term debt 905.0 993.0
Issuance of common shares under share option plans 228.0 133.0
(Purchase) issuance of common shares (1,413.0) 2,782.0
Proceeds from sale of non-controlling interest 483.0  
Dividends paid on common shares (2,124.0) (1,877.0)
Cash flow (used in) provided by financing activities (4,223.0) 869.0
Decrease in Cash and Cash Equivalents (276.0) (958.0)
Effect of foreign exchange on cash and cash equivalents (68.0) (75.0)
Cash and cash equivalents at beginning of year 3,016.0 4,049.0
Cash and Cash Equivalents at End of Year 2,672.0 3,016.0
Supplementary Information Cash Flow [Abstract]    
Interest paid 941.0 992.0
Income taxes paid (received) 557.0 (161.0)
Property damage insurance proceeds CAD 76.0 CAD 41.0
[1] Includes property damage insurance proceeds of $76 million for Syncrude.