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Consolidated statements of cash flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net earnings $ 2,926 $ 2,892
Adjustments to reconcile net earnings to cash flows from operating activities    
Severance, acquisition and other costs 94 209
Depreciation and amortization 4,723 4,609
Post-employment benefit plans cost 198 286
Net interest expense 1,124 1,063
Impairment of assets 279 197
(Gains) losses on investments (24) 6
Income taxes 967 1,044
Contributions to post-employment benefit plans (140) (282)
Payments under other post-employment benefit plans (64) (65)
Severance and other costs paid (129) (208)
Interest paid (1,197) (1,080)
Income taxes paid (net of refunds) (749) (913)
Acquisition and other costs paid (10) (35)
Change in contract assets (59) 278
Change in wireless device financing plan receivables 22 (365)
Net change in operating assets and liabilities 404 372
Cash flows from operating activities 8,365 8,008
Cash flows used in investing activities    
Capital expenditures (5,133) (4,852)
Business acquisitions (429) (12)
Business dispositions 52 0
Spectrum licences (3) (2,082)
Other investing activities (4) (72)
Cash flows used in investing activities (5,517) (7,018)
Cash flow used in financing activities    
Increase in notes payable 111 351
Increase (decrease) in securitized receivables 700 (150)
Issue of long-term debt 1,951 4,985
Repayment of long-term debt (2,023) (2,751)
Issue of common shares 171 261
Purchase of shares for settlement of share-based payments (255) (297)
Repurchase of preferred shares (125) 0
Cash dividends paid on common shares (3,312) (3,132)
Cash dividends paid on preferred shares (136) (125)
Cash dividends paid by subsidiaries to non-controlling interest (39) (86)
Other financing activities (31) 19
Cash flow used in financing activities (2,988) (925)
Net (decrease) increase in cash (190) 65
Cash at beginning of year 289 224
Cash at end of year 99 289
Net increase in cash equivalents 50 0
Cash equivalents at beginning of year 0 0
Cash equivalents at end of year $ 50 $ 0