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Consolidated Statement of Cash Flows Statement - CAD ($)
$ in Millions
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 340.1 $ 354.7
Adjustments for:    
Depreciation of property, plant and equipment 137.6 120.8
Amortization of intangible and other assets 79.6 78.8
After tax share in profit of equity accounted investees (33.4) (43.2)
Deferred income taxes (23.1) (33.9)
Investment tax credits 8.2 (6.8)
Share-based compensation 9.3 23.1
Defined benefit pension plans 14.8 7.6
Amortization of other non-current liabilities (30.3) (32.8)
Derivative financial assets and liabilities – net (5.8) 7.8
Gain on disposal of interest in investment 0.0 (14.3)
Remeasurement of investment, net of reorganization and other costs (3.7) (4.0)
Other 1.9 (10.9)
Changes in non-cash working capital 35.2 (43.6)
Net cash provided by operating activities 530.4 403.3
Investing activities    
Business combinations, net of cash and cash equivalents acquired (827.8) (124.4)
Net proceeds from disposal of interests in investment 0.0 117.8
Addition of assets through the monetization of royalties (202.7) 0.0
Capital expenditures for property, plant and equipment (251.8) (173.9)
Proceeds from disposal of property, plant and equipment 2.7 27.0
Capitalized development costs (86.6) (47.3)
Net payments to equity accounted investees (37.7) (11.5)
Dividends received from equity accounted investees 22.0 37.6
Other 2.7 5.7
Net cash used in investing activities (1,379.2) (169.0)
Financing activities    
Proceeds from long-term debt 955.3 37.8
Repayment of long-term debt (72.7) (33.4)
Repayment of finance lease (22.0) (25.0)
Dividends paid (99.9) (89.9)
Issuance of common shares 18.3 15.7
Repurchase of common shares (94.4) (44.8)
Other 5.7 (2.9)
Net cash provided by (used in) financing activities 690.3 (142.5)
Effect of foreign exchange rate changes on cash and cash equivalents (6.9) 15.0
Net (decrease) increase in cash and cash equivalents (165.4) 106.8
Cash and cash equivalents, beginning of period 611.5 504.7
Cash and cash equivalents, end of period 446.1 611.5
Interest paid 55.2 56.0
Interest received 14.9 12.9
Income taxes paid $ 34.0 $ 36.4