Shaw 2012 Annual Report Download - page 70

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Shaw Communications Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
2012 2011
Years ended August 31 [millions of Canadian dollars] $ $
OPERATING ACTIVITIES [note 29]
Funds flow from continuing operations 1,299 1,433
Net decrease (increase) in non-cash working capital balances related to
continuing operations 18 (192)
1,317 1,241
INVESTING ACTIVITIES
Additions to property, plant and equipment [note 24] (730) (705)
Additions to equipment costs (net) [note 24] (178) (120)
Additions to other intangibles [note 24] (65) (65)
Net increase to inventories (5) (43)
Business acquisitions, net of cash acquired [note 3] (18) (453)
Proceeds on disposal of property, plant and equipment [note 24] 927
Proceeds from investments and other assets 49
(983) (1,350)
FINANCING ACTIVITIES
Increase in long-term debt, net of discounts –2,352
Senior notes and Series A Preferred Shares issuance costs –(17)
Debt repayments (1) (1,805)
Issuance of Series A Preferred Shares –300
Debt retirement costs [note 13] –(19)
Bank credit facility arrangement costs (4) –
Issue of Class B Non-Voting Shares, net of after-tax expenses 17 46
Dividends paid on Class A Shares and Class B Non-Voting Shares (318) (352)
Dividends paid on Series A Preferred Shares (15) –
Distributions paid to non-controlling interests in subsidiaries (26) (22)
(347) 483
Increase (decrease) in cash from continuing operations (13) 374
Decrease in cash from discontinued operations [note 3] (3) (148)
Increase (decrease) in cash (16) 226
Cash, beginning of year 443 217
Cash, end of year 427 443
Cash includes cash and cash equivalents
See accompanying notes
66