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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