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Consolidated statements of cash flows - CAD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities          
Net earnings $ 654 $ 734 $ 1,588 $ 1,421  
Adjustments to reconcile net earnings to cash flows from operating activities          
Severance, acquisition and other costs 40 7 53 96  
Depreciation and amortization 1,199 1,153 2,350 2,286  
Post-employment benefit plans cost 52 68 103 147  
Net interest expense 265 263 523 526  
Impairment of assets 106 164 108 167  
Gains on investments (16) 0 (53) 0  
Income taxes 232 236 567 489  
Contributions to post-employment benefit plans (35) (70) (114) (149)  
Payments under other post-employment benefit plans (15) (16) (30) (31)  
Severance and other costs paid (30) (79) (58) (122)  
Interest paid (196) (230) (569) (536)  
Income taxes paid (net of refunds) (143) (95) (259) (204)  
Acquisition and other costs paid (3) (2) (6) (6)  
Change in contract assets 23 102 55 246  
Change in wireless device financing plan receivables 68 (61) 127 (152)  
Net change in operating assets and liabilities 396 325 (72) 313  
Cash flows from operating activities 2,597 2,499 4,313 4,491  
Cash flows used in investing activities          
Capital expenditures (1,219) (1,210) (2,178) (2,222)  
Business acquisitions 0 (11) (139) (11)  
Business dispositions 2 0 54 0  
Other investing activities 27 (17) 17 (38)  
Cash flows used in investing activities (1,190) (1,238) (2,246) (2,271)  
Cash flows used in financing activities          
Increase (decrease) in notes payable 187 311 656 (46)  
Decrease in securitized trade receivables 0 0 0 (13)  
Issue of long-term debt 0 500 945 3,415  
Repayment of long-term debt (245) (2,041) (1,503) (2,267)  
Issue of common shares 7 63 168 73  
Purchase of shares for settlement of share-based payments (51) (71) (157) (162)  
Repurchase of preferred shares 0 0 (115) 0  
Cash dividends paid on common shares (839) (791) (1,634) (1,544)  
Cash dividends paid on preferred shares (34) (31) (67) (62)  
Cash dividends paid by subsidiaries to non-controlling interest (14) (15) (25) (28)  
Other financing activities 0 (44) (28) 36  
Cash flows used in financing activities (989) (2,119) (1,760) (598)  
Net increase (decrease) in cash 418 (158) 307 1,622  
Cash at beginning of period 178 2,004 289 224 $ 224
Cash at end of period 596 1,846 596 1,846 289
Net decrease in cash equivalents 0 (700) 0 0  
Cash equivalents at beginning of period 0 700 0 0 0
Cash equivalents at end of period $ 0 $ 0 $ 0 $ 0 $ 0