Shaw 2010 Annual Report Download - page 75

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Shaw Communications Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended August 31 [thousands of Canadian dollars]
2010
$
2009
$
2008
$
Restated – note 1 Restated – note 1
OPERATING ACTIVITIES [note 20]
Funds flow from operations 1,375,403 1,323,840 1,222,895
Net decrease in non-cash working capital
balances related to operations 81,756 59,090 19,304
1,457,159 1,382,930 1,242,199
INVESTING ACTIVITIES
Additions to property, plant and equipment
[note 15] (681,589) (623,695) (554,387)
Additions to equipment costs (net) [note 15] (98,308) (124,968) (121,327)
Additions to other intangibles [note 15] (60,785) (54,223) (51,706)
Net customs duty recovery on equipment costs –– 22,267
Proceeds on cancellation of US forward
purchase contracts [note 15] –13,384 –
Net decrease (increase) to inventories (1,261) (530) 8,827
Deposits on wireless spectrum licenses [note 5] –(152,465) (38,447)
Cable business acquisitions [note 2] (158,805) (46,300) –
Purchase of Government of Canada bond (158,968) ––
Proceeds on sale of Government of Canada bond 159,405 ––
Proceeds on disposal of property, plant and
equipment and other assets 430 22,081 638
Additions to investments [note 5] (744,096) ––
(1,743,977) (966,716) (734,135)
FINANCING ACTIVITIES
Increase (decrease) in bank indebtedness –(44,201) 44,201
Increase in long-term debt, net of discounts 1,891,656 839,839 297,904
Senior notes issuance costs (10,109) (4,684) –
Long-term debt repayments (1,016,711) (427,124) (640,142)
Payments on cross-currency agreements
[note 19] (291,920) ––
Proceeds on bond forward contracts –10,757 –
Debt retirement costs [note 9] (79,488) (9,161) (4,272)
Issue of Class B Non-Voting Shares, net of after-
tax expenses 47,126 56,996 32,498
Purchase of Class B Non-Voting Shares for
cancellation [note 11] (118,150) (33,574) (99,757)
Dividends paid on Class A Shares and Class B
Non-Voting Shares (372,088) (351,883) (303,813)
50,316 36,965 (673,381)
Effect of currency translation on cash balances
and cash flows – 58 7
Increase (decrease) in cash (236,502) 453,237 (165,310)
Cash, beginning of year 453,237 – 165,310
Cash, end of year 216,735 453,237 –
Cash includes cash, cash equivalents and short-term securities
See accompanying notes
71