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v3.25.0.1

Consolidated Statements of Cash Flows - CAD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023
Operating activities |  |
Loss from continuing operations | $ (923) | $ (312)
Depreciation and amortization | 1,726 | 925
Provision for income taxes from continuing operations | 205 | 237
Gain on disposal or contribution of assets | (27) | (183)
Asset impairment | 1,053 | 0
Net finance expense | 719 | 50
Income taxes paid | (1,833) | (990)
Remeasurement of decommissioning and restoration provisions for closed operations | (42) | 70
QB variable consideration to IMSA and Codelco | 51 | 156
Foreign exchange gains | (146) | (9)
Other | (77) | 36
Net change in non-cash working capital items | (276) | (543)
Net cash provided by (used in) continuing operating activities | 430 | (563)
Net cash provided by discontinued operating activities | 2,360 | 4,647
Net cash from operating activities | 2,790 | 4,084
Investing activities |  |
Expenditures on property, plant and equipment | (2,262) | (3,885)
Capitalized production stripping costs | (373) | (455)
Expenditures on investments and other assets | (68) | (123)
Net proceeds from sale of discontinued operations and other | 9,538 | 1,048
Proceeds from interest and dividend income | 194 | 97
Net cash provided by (used in) continuing investing activities | 7,029 | (3,318)
Net cash used in discontinued investing activities | (856) | (1,439)
Net cash used in investing activities | 6,173 | (4,757)
Financing activities |  |
Proceeds from debt | 77 | 230
Redemption, purchase or repayment of debt | (2,549) | (710)
Repayment of lease liabilities | (68) | (79)
QB advances from SMM/SC | 652 | 1,292
Sale of minority interest in steelmaking coal business | 1,675 | 0
Interest and finance charges paid | (863) | (722)
Issuance of Class B subordinate voting shares | 172 | 63
Purchase and cancellation of Class B subordinate voting shares | (1,240) | (250)
Dividends paid | (514) | (515)
Contributions from non-controlling interests | 263 | 439
Settlement of other liabilities | (102) | (65)
Net cash used in continuing financing activities | (2,497) | (317)
Net cash used in discontinued financing activities | (68) | (152)
Net cash used in financing activities | (2,565) | (469)
Increase (decrease) in cash and cash equivalents | 6,398 | (1,142)
Change in cash classified as held for sale | 0 | 35
Effect of exchange rate changes on cash and cash equivalents | 445 | (32)
Cash and cash equivalents at beginning of year | 744 | 1,883
Cash and cash equivalents at end of year | $ 7,587 | $ 744

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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 2024-01-01 -Paragraph 16 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2024-en-r&anchor=para_16_a&doctype=Standard -URIDate 2024-03-27 + 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 2024-01-01 -Paragraph 17 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2024-en-r&anchor=para_17_d&doctype=Standard -URIDate 2024-03-27 + 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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