Shaw 2014 Annual Report Download - page 71

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Shaw Communications Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
2014 2013
Years ended August 31 [millions of Canadian dollars] $ $
OPERATING ACTIVITIES [note 29]
Funds flow from operations 1,524 1,380
Net change in non-cash working capital balances related to operations 216 (11)
1,740 1,369
INVESTING ACTIVITIES
Additions to property, plant and equipment [note 24] (976) (802)
Additions to equipment costs (net) [note 24] (56) (132)
Additions to other intangibles [note 24] (84) (69)
Net decrease (increase) to inventories (23) 6
Proceeds on sale of media assets [note 3] 141 –
Proceeds on sale of cablesystem [note 3] –398
Divestment costs [note 3] –(5)
Proceeds on wireless spectrum license option [note 3] –50
Refundable deposit on wireless spectrum license [note 3] –200
Business acquisitions, net of cash acquired [note 3] –(222)
Proceeds on disposal of property, plant and equipment [notes 24
and 29] 21 3
Additions to investments and other assets [note 3] (52) (69)
(1,029) (642)
FINANCING ACTIVITIES
Increase in long-term debt 840 590
Debt repayments (969) (1,041)
Debt retirement costs [note 13] (7) –
Senior notes issuance costs [note 13] (4) –
Repayment of promissory note [note 3] (48) –
Issue of Class B Non-Voting Shares 70 69
Dividends paid on Class A Shares and Class B Non-Voting Shares (339) (319)
Dividends paid on Series A Preferred Shares (13) (13)
Distributions paid to non-controlling interests in subsidiaries (26) (19)
Contribution received from non-controlling interest [note 27] –1
(496) (732)
Increase (decrease) in cash 215 (5)
Cash, beginning of year 422 427
Cash, end of year 637 422
See accompanying notes
67