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Consolidated statement of cash flows - CAD
CAD in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Operating activities

Net income (loss)

CAD 1,003

CAD 479

CAD 721

CAD 1,020

Adjustments for non-cash items:

Depreciation and depletion

398

400

1,229

1,052

(Gain) loss on asset sales (note 3)

^[1]

(909)

(29)

(952)

(80)

Deferred income taxes and other

215

86

35

358

Changes in operating assets and liabilities:

Accounts receivable

275

403

(121)

(163)

Inventories, materials, supplies and prepaid expenses

(7)

(65)

112

(228)

Income taxes payable

(13)

58

390

Accounts payable and accrued liabilities

(241)

(271)

(59)

(634)

All other items - net

^[2]

51

43

299

47

Cash flows from (used in) operating activities

772

1,104

1,264

1,762

Investing activities

Additions to property, plant and equipment

(189)

(647)

(893)

(2,431)

Proceeds from asset sales (note 3)

1,194

28

1,244

118

Additional investments

(1)

(32)

Cash flows from (used in) investing activities

1,005

(619)

350

(2,345)

Financing activities

Short-term debt - net

(1,591)

(30)

(1,679)

(29)

Long-term debt issued (note 6)

495

1,106

Reduction in capitalized lease obligations

(6)

(7)

(21)

(13)

Dividends paid

(127)

(110)

(364)

(330)

Cash flows from (used in) financing activities

(1,724)

(147)

(1,569)

734

Increase (decrease) in cash

53

338

45

151

Cash at beginning of period

195

28

203

215

Cash at end of period

^[3]

CAD 248

CAD 366

CAD 248

CAD 366

[1]	Third quarter and nine months ended September 30, 2016, included gains of $0.8 billion ($0.7 billion, after tax) from the sale of company-owned Esso retail sites in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia and Newfoundland. The sale and transition of the company's remaining sites are anticipated to close by year-end 2016 (note 10).
[2]	Included contribution to registered pension plans.
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