Shaw 2011 Annual Report Download - page 83

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Shaw Communications Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
2011 2010 2009
Years ended August 31 [thousands of Canadian dollars] $ $ $
OPERATING ACTIVITIES [note 22]
Funds flow from continuing operations 1,443,179 1,376,799 1,323,840
Net decrease (increase) in non-cash working capital balances related to
continuing operations (201,528) 81,852 59,090
1,241,651 1,458,651 1,382,930
INVESTING ACTIVITIES
Additions to property, plant and equipment [note 16] (704,461) (675,036) (623,695)
Additions to equipment costs (net) [note 16] (119,933) (98,308) (124,968)
Additions to other intangibles [note 16] (64,727) (37,200) (54,223)
Proceeds on cancellation of US forward purchase contracts [note 16] –– 13,384
Net increase to inventories (43,130) (1,261) (530)
Deposits on wireless spectrum licenses –– (152,465)
Cable business acquisitions [note 2] (35,652) (158,805) (46,300)
Television broadcasting business acquisitions [note 2] (416,978) ––
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 [note 16] 26,826 430 22,081
Proceeds from (additions to) investments and other assets [note 6] 8,181 (744,096) –
(1,349,874) (1,713,839) (966,716)
FINANCING ACTIVITIES
Decrease in bank indebtedness –– (44,201)
Increase in long-term debt, net of discounts 2,352,115 1,891,656 839,839
Senior notes Series A Preferred Shares issuance costs (17,339) (10,109) (4,684)
Senior notes redemptions and repayments (333,928) (1,016,170) (130,000)
Other debt repayments (1,470,511) (541) (297,124)
Payments on cross-currency agreements [note 21] –(291,920) –
Issuance of Series A Preferred Shares 300,000 ––
Proceeds on bond forward contracts –– 10,757
Debt retirement costs [note 10] (19,482) (79,488) (9,161)
Issue of Class B Non-Voting Shares, net of after-tax expenses 45,940 47,126 56,996
Purchase of Class B Non-Voting Shares for cancellation [note 12] –(118,150) (33,574)
Dividends paid on Class A Shares and Class B Non-Voting Shares (351,980) (372,088) (351,883)
Distributions paid to non-controlling interests (21,950) ––
482,865 50,316 36,965
Effect of currency translation on cash balances and cash flows – –58
Increase (decrease) in cash from continuing operations 374,642 (204,872) 453,237
Decrease in cash from discontinued operations [note 2] (147,950) (31,630) –
Increase (decrease) in cash 226,692 (236,502) 453,237
Cash, beginning of year 216,735 453,237 –
Cash, end of year 443,427 216,735 453,237
Cash includes cash, cash equivalents and short-term securities
See accompanying notes
79