v3.19.2
Consolidated statements of cash flows - CAD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES        
Net income $ 520 $ 397 $ 957 $ 809
Adjustments to reconcile net income to cash provided by operating activities:        
Depreciation and amortization 633 559 1,250 1,109
Deferred income taxes (39) 14 (8) 21
Share-based compensation expense, net 20 35 39 53
Net employee defined benefit plans expense 19 24 39 49
Employer contributions to employee defined benefit plans (12) (14) (28) (35)
Non-current contract assets 15 12 36 31
Income from equity accounted investments 1 2 1 2
Other (13) (64) 66 (60)
Net change in non-cash operating working capital 16 241 (402) 65
Cash provided by operating activities 1,160 1,206 1,950 2,044
INVESTING ACTIVITIES        
Cash payments for capital assets, excluding spectrum licences (645) (735) (1,438) (1,473)
Cash payment for spectrum licences (931)   (931)  
Cash payments for acquisitions, net (26) (47) (188) (251)
Real estate joint ventures advances (9) (7) (17) (13)
Real estate joint venture receipts 1 1 2 2
Proceeds on dispositions       15
Other 10 (7) 10 (7)
Cash used by investing activities (1,600) (795) (2,562) (1,727)
FINANCING ACTIVITIES        
Dividends paid to holders of Common Shares (307) (278) (610) (557)
Issue (repayment) of short-term borrowings, net (400) 13   7
Long-term debt issued 2,422 1,279 3,588 3,440
Redemptions and repayment of long-term debt (1,617) (1,147) (2,534) (3,042)
Issue of shares by subsidiary to non-controlling interests       24
Other (29) (10) (29) (15)
Cash (used) provided by financing activities 69 (143) 415 (143)
CASH POSITION        
Increase (decrease) in cash and temporary investments, net (371) 268 (197) 174
Cash and temporary investments, net, beginning of period 588 415 414 509
Cash and temporary investments, net, end of period 217 683 217 683
SUPPLEMENTAL DISCLOSURE OF OPERATING CASH FLOWS        
Interest paid (147) (130) (326) (280)
Interest received 3 3 5 5
Income taxes paid, net        
In respect of comprehensive income (122) (52) (458) (108)
In respect of business acquisitions     (15)  
Income taxes paid, net $ (122) $ (52) $ (473) $ (108)