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v3.24.0.1

Consolidated Statements of Cash Flows - CAD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022
Operating activities |  |
Profit for the year from continuing operations | $ 2,334 | $ 4,070
Depreciation and amortization | 1,931 | 1,674
Provision for income taxes from continuing operations | 1,610 | 2,495
Gain on disposal or contribution of assets | (273) | (21)
Loss on debt redemption or purchase | 0 | 58
Net finance expense | 162 | 150
Income taxes paid | (990) | (1,217)
Remeasurement of decommissioning and restoration provisions for closed operations | 103 | 83
QB2 variable consideration to IMSA and ENAMI | 156 | 188
Other | 41 | 168
Net change in non-cash working capital items | (990) | (107)
Net cash provided by continuing operating activities | 4,084 | 7,541
Net cash provided by discontinued operating activities | 0 | 442
Net cash from operating activities | 4,084 | 7,983
Investing activities |  |
Expenditures on property, plant and equipment | (4,678) | (4,423)
Capitalized production stripping costs | (1,104) | (1,042)
Expenditures on investments and other assets | (137) | (199)
Proceeds from sale of Fort Hills | 1,014 | 0
Proceeds from investments and assets | 162 | 113
Net cash used in continuing investing activities | (4,743) | (5,551)
Net cash used in discontinued investing activities | (14) | (129)
Net cash used in investing activities | (4,757) | (5,680)
Financing activities |  |
Proceeds from debt | 230 | 569
Redemption, purchase or repayment of debt | (710) | (1,323)
Repayment of lease liabilities | (160) | (138)
QB2 advances from SMM/SC | 1,292 | 899
Interest and finance charges paid | (753) | (459)
Issuance of Class B subordinate voting shares | 63 | 234
Purchase and cancellation of Class B subordinate voting shares | (250) | (1,392)
Dividends paid | (515) | (532)
Contributions from non-controlling interests | 439 | 307
Distributions to non-controlling interests | (54) | (78)
Other liabilities | (48) | (46)
Net cash used in continuing financing activities | (466) | (1,959)
Net cash used in discontinued financing activities | (3) | (31)
Net cash used in financing activities | (469) | (1,990)
Increase (decrease) in cash and cash equivalents | (1,142) | 313
Change From And Re-Presentation Of Cash From Assets Held For Sale | 35 | (35)
Effect of exchange rate changes on cash and cash equivalents | (32) | 178
Cash and cash equivalents at beginning of year | 1,883 | 1,427
Cash and cash equivalents at end of year | $ 744 | $ 1,883

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- Definition The cash outflow for the purchases of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2023-01-01 -Paragraph 16 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_16_a&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2023-01-01 -Paragraph 17 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_17_d&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition Adjustment for remeasurement of provision for decommissioning restoration and rehabilitation costs + References No definition available. + Details
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- Definition Adjustments For Increase (Decrease) In Derivative Financial Liabilities And Other + References No definition available. + Details
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- Definition Adjustments for Losses (Gains) arising from difference between carrying amount of financial liability extinguished + References No definition available. + Details
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- Definition Change From And Re-Presentation Of Cash From Assets Held For Sale + References No definition available. + Details
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- Definition Gain On Disposal Or Contribution Of Assets + References No definition available. + Details
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- Definition Proceeds from contributions from non-controlling interests + References No definition available. + Details
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- Definition Proceeds from sales of investments other than investments accounted for using equity method and assets. + References No definition available. + Details
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- Definition Capitalized production stripping costs. + References No definition available. + Details
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- Definition Purchase Of Investments Other Than Investments Accounts For Using Equity Method And Other Assets + References No definition available. + Details
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