XML 23 R7.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities:    
Net income for the year $ 1,680 $ 1,558
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 2,576 2,585
Program rights amortization 61 68
Finance costs 1,233 849
Income tax expense 609 569
Post-employment benefits contributions, net of expense 19 (5)
Other (24) 2
Cash provided by operating activities before changes in net operating assets and liabilities, income taxes paid, and interest paid 6,154 5,626
Change in net operating assets and liabilities (152) 37
Income taxes paid (455) (700)
Interest paid, net (1,054) (802)
Cash provided by operating activities 4,493 4,161
Investing activities:    
Capital expenditures (3,075) (2,788)
Additions to program rights (47) (54)
Changes in non-cash working capital related to capital expenditures and intangible assets (200) 67
Acquisitions and other strategic transactions, net of cash acquired (9) (3,404)
Other 68 46
Cash used in investing activities (3,263) (6,133)
Financing activities:    
Net proceeds received from short-term borrowings 707 971
Net issuance of long-term debt 12,711 550
Net payments on settlement of debt derivatives and forward contracts (11) (8)
Transaction costs incurred (726) (31)
Principal payments of lease liabilities (316) (269)
Dividends paid (1,010) (1,010)
Cash provided by financing activities 11,355 203
Change in cash and cash equivalents and restricted cash and cash equivalents 12,585 (1,769)
Cash and cash equivalents and restricted cash and cash equivalents, beginning of period 13,300 715
Cash and cash equivalents and restricted cash and cash equivalents, end of period 715 2,484
Cash and cash equivalents 715  
Restricted cash and cash equivalents 12,837 0
Cash and cash equivalents and restricted cash and cash equivalents, end of period $ 13,300 $ 715