XML 24 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities    
Net income $ 299 $ 266
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 851 593
Income from equity investments, net of dividends (90) (59)
Allowance for equity funds used during construction (9) (22)
Deferred income taxes, net 469 (67)
Net change in pension and post-retirement obligations (12) 13
Regulated Fuel Adjustments Mechanism 68 63
Net changes in fair value of derivative instruments (157) 258
Net change in regulatory assets and liabilities (237) (25)
Net change in capitalized transportation capacity 84 33
Foreign exchange loss (gain) 1 (43)
Gain on APUC sale of common shares and conversion of subscription receipts 0 (223)
Other operating activities, net 32 46
Changes in non-cash working capital (104) 134
Net cash provided by operating activities 1,193 1,053
Investing activities    
Acquisition, net of cash acquired 0 (8,409)
Additions to property, plant and equipment (1,529) (1,080)
Purchase of investments subject to significant influence, inclusive of acquisition costs (note 15) (213) (276)
Net proceeds on sale of investment 0 665
Other investing activities (19) 63
Net cash used in investing activities (1,761) (9,037)
Financing activities    
Change in short-term debt, net (31) 118
Proceeds from short term debt 383 0
Proceeds from long-term debt 129 6,423
Proceeds from convertible debentures, net of issuance costs (2015 represented by instalment receipts) 0 1,413
Retirement of long-term debt (453) (273)
Net repayments under committed credit facilities 230 (315)
Issuance of common stock, net of issuance costs 682 354
Dividends on common stock (287) (221)
Dividends on preferred stock (28) (28)
Dividends paid by subsidiaries to non-controlling interest (6) (5)
Other financing activities (26) (18)
Net cash provided by financing activities 593 7,448
Effect of exchange rate changes on cash and cash equivalents (13) (65)
Net increase (decrease) in cash and cash equivalents 12 (601)
Cash and cash equivalents, beginning of period 491 1,092
Cash and cash equivalents, end of period 503 491
Cash and cash equivalents consists of:    
Cash 216 221
Short-term investments 222 183
Restricted cash $ 65 $ 87