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CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating Activities    
Net (loss) earnings $ 4,119 $ (4,319)
Adjustments for:    
Depreciation, depletion, amortization and impairment 5,850 9,526
Deferred income tax expense (recovery) 56 (1,119)
Accretion 304 278
Unrealized foreign exchange gain on U.S. dollar denominated debt (113) (312)
Change in fair value of financial instruments and trading inventory (13) 108
Gain on disposal of assets (257) (16)
Loss on extinguishment of long-term debt 80  
Share-based compensation 205 (238)
Exploration   80
Settlement of decommissioning and restoration liabilities (263) (231)
Other 289 119
Decrease (increase) in non-cash working capital 1,507 (1,201)
Cash flow provided by operating activities 11,764 2,675
Investing Activities    
Capital and exploration expenditures (4,555) (3,926)
Proceeds from disposal of assets 335 72
Other investments (28) (113)
Decrease (increase) in non-cash working capital 271 (557)
Cash flow used in investing activities (3,977) (4,524)
Financing Activities    
Net (decrease) increase in short-term debt (2,256) 1,445
Net (decrease) increase in long-term debt (2,451)  
Issuance of long-term debt 1,423 2,634
Lease liability payments (325) (335)
Issuance of common shares under share option plans 8 29
Repurchase of common shares (2,304) (307)
Distributions relating to non-controlling interest (9) (10)
Dividends paid on common shares (1,550) (1,670)
Cash flow (used in) provided by financing activities (7,464) 1,786
Increase (Decrease) in Cash and Cash Equivalents 323 (63)
Effect of foreign exchange on cash and cash equivalents (3) (12)
Cash and cash equivalents at beginning of year 1,885 1,960
Cash and Cash Equivalents at End of Year 2,205 1,885
Supplementary Cash Flow Information    
Interest paid 980 1,028
Income taxes paid $ (532) $ 695