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Consolidated statements of cash flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net earnings from continuing operations $ 2,892 $ 2,473
Adjustments to reconcile net earnings from continuing operations to cash flows from operating activities    
Severance, acquisition and other costs 209 116
Depreciation and amortization 4,609 4,404
Post-employment benefit plans cost 286 315
Net interest expense 1,063 1,087
Impairment of assets 197 472
Losses (gains) on investments 6 (3)
Income taxes 1,044 792
Contributions to post-employment benefit plans (282) (297)
Payments under other post-employment benefit plans (65) (61)
Severance and other costs paid (208) (78)
Interest paid (1,080) (1,112)
Income taxes paid (net of refunds) (913) (846)
Acquisition and other costs paid (35) (35)
Change in contract assets 278 704
Change in wireless device financing plan receivables (365) (867)
Net change in operating assets and liabilities 372 636
Cash from discontinued operations 0 54
Cash flows from operating activities 8,008 7,754
Cash flows used in investing activities    
Capital expenditures (4,837) (4,202)
Business acquisitions (12) (65)
Acquisition of spectrum licences (2,082) (86)
Other investing activities (72) (79)
Cash from discontinued operations 0 892
Cash flows used in investing activities (7,003) (3,540)
Cash flows used in financing activities    
Increase (decrease) in notes payable 351 (1,641)
Decrease in securitized trade receivables (150) 0
Issue of long-term debt 4,985 6,006
Repayment of long-term debt (2,751) (5,003)
Issue of common shares 261 26
Purchase of shares for settlement of share-based payments (297) (263)
Cash dividends paid on common shares (3,132) (2,975)
Cash dividends paid on preferred shares (125) (132)
Cash dividends paid by subsidiaries to non-controlling interest (86) (53)
Other financing activities (78) (93)
Cash used in discontinued operations 0 (7)
Cash flows used in financing activities (1,022) (4,135)
Net increase in cash (17) 83
Cash at beginning of year 224 141
Cash at end of year 207 224
Net decrease in cash equivalents 0 (4)
Cash equivalents at beginning of year 0 4
Cash equivalents at end of year $ 0 $ 0