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Consolidated statements of cash flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net earnings from continuing operations $ 2,473 $ 3,224
Adjustments to reconcile net earnings from continuing operations to cash flows from operating activities    
Severance, acquisition and other costs 116 114
Depreciation and amortization 4,404 4,344
Post-employment benefit plans cost 315 309
Net interest expense 1,087 1,101
Impairment of assets 472 102
Gains on investments (3) (18)
Income taxes 792 1,129
Contributions to post-employment benefit plans (297) (290)
Payments under other post-employment benefit plans (61) (72)
Severance and other costs paid (78) (167)
Interest paid (1,112) (1,079)
Income taxes paid (net of refunds) (846) (725)
Acquisition and other costs paid (35) (60)
Net change in operating assets and liabilities 473 (48)
Cash from discontinued operations 54 94
Cash flows from operating activities 7,754 7,958
Cash flows used in investing activities    
Capital expenditures (4,202) (3,974)
Business acquisitions (65) (51)
Acquisition of spectrum licences (86) 0
Other investing activities (79) 7
Cash from (used in) discontinued operations 892 (18)
Cash flows used in investing activities (3,540) (4,036)
Cash flows used in financing activities    
Decrease in notes payable (1,641) (1,073)
Increase in securitized trade receivables 0 131
Issue of long-term debt 6,006 1,954
Repayment of long-term debt (5,003) (2,221)
Issue of common shares 26 240
Purchase of shares for settlement of share-based payments (263) (142)
Cash dividends paid on common shares (2,975) (2,819)
Cash dividends paid on preferred shares (132) (147)
Cash dividends paid by subsidiaries to non-controlling interest (53) (65)
Other financing activities (93) (54)
Cash used in discontinued operations (7) (6)
Cash flows used in financing activities (4,135) (4,202)
Net increase (decrease) in cash 83 (284)
Cash at beginning of year 141 425
Cash at end of year 224 141
Net (decrease) increase in cash equivalents (4) 4
Cash equivalents at beginning of year 4 0
Cash equivalents at end of year $ 0 $ 4