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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
possible for us to predict the result or magnitude of the claims due
to the various factors and uncertainties involved in the legal
process. Based on information currently known to us, we believe it
is not probable that the ultimate resolution of any of these
proceedings and claims, individually or in total, will have a material
adverse effect on our business or financial results or financial
condition. If it becomes probable that we will be held liable for
claims against us, we will recognize a provision during the period in
which the change in probability occurs, which could be material to
our Consolidated Statements of Income or Consolidated
Statements of Financial Position.
NOTE 30: SUPPLEMENTAL CASH FLOW INFORMATION
CHANGE IN NON-CASH OPERATING WORKING CAPITAL
ITEMS
Years ended December 31
(In millions of dollars) 2015 2014
Accounts receivable (185) (81)
Inventories (66) 26
Other current assets (23) (18)
Accounts payable and accrued liabilities 33 (2)
Unearned revenue (61) 86
Total change in non-cash working capital
items (302) 11
CASH PROVIDED BY FINANCING ACTIVITIES
Years ended December 31
(In millions of dollars) Note 2015 2014
Proceeds on debt derivatives and
foreign exchange forward
contracts 1,059 2,150
Payments on debt derivatives, bond
forwards, and foreign exchange
forward contracts (930) (2,115)
Net cash proceeds on debt
derivatives, bond forwards, and
foreign exchange forward
contracts 21 129 35
Thefollowingtwotablesprovidedetailsonthegrossproceeds
(payments) on debt derivatives, bond forwards, and foreign
exchange forward contracts.
Years ended December 31
(In millions of dollars) Note 2015 2014
Proceeds on termination of
US$550 million debt derivatives 21 702 –
Proceeds on termination of
US$280 million debt derivatives 21 357 –
Proceeds on termination of
US$750 million debt derivatives 21 –834
Proceeds on termination of
US$350 million debt derivatives 21 –387
Proceeds on foreign exchange
forward contracts –929
Total gross proceeds on debt
derivatives and foreign exchange
forward contracts 1,059 2,150
Years ended December 31
(In millions of dollars) Note 2015 2014
Payments on termination of
US$550 million debt derivatives 21 (596) –
Payments on termination of
US$280 million debt derivatives 21 (309) –
Payments on termination of bond
forwards 16 (25) –
Payments on termination of
US$750 million debt derivatives 21 –(773)
Payments on termination of
US$350 million debt derivatives 21 –(413)
Payments on foreign exchange
forward contracts –(929)
Total gross payments on debt
derivatives, bond forwards, and
foreign exchange forward
contracts (930) (2,115)
The following tables provide details on the net cash issuance and
repayment of long-term debt.
Years ended December 31
(In millions of dollars) Note 2015 2014
Net issuance of senior notes 21 1,338 2,082
Borrowings under bank credit
facilities 21 6,025 1,330
Discount on bank credit facilities (25) –
Total proceeds on issuance of
long-term debt 7,338 3,412
Years ended December 31
(In millions of dollars) Note 2015 2014
Net repayment of senior notes 21 (1,059) (1,221)
Repayment of bank credit
facilities 21 (5,525) (1,330)
Total repayment of long-term
debt (6,584) (2,551)
138 ROGERS COMMUNICATIONS INC. 2015 ANNUAL REPORT