Shaw 2015 Annual Report Download - page 106

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Shaw Communications Inc.
Notes to the Consolidated Financial Statements
August 31, 2015 and 2014
[all amounts in millions of canadian dollars except share and per share amounts]
29. CONSOLIDATED STATEMENTS OF CASH FLOWS
Additional disclosures with respect to the Consolidated Statements of Cash Flows are as follows:
(i) Funds flow from operations
2015
$
2014
$
Net income 880 887
Adjustments to reconcile net income to funds flow from operations:
Amortization 899 768
Program rights 15 (10)
Deferred income tax recovery (62) (46)
CRTC benefit obligation funding (31) (58)
Gain on sale of media assets [note 3] –(49)
Share-based compensation 43
Defined benefit pension plans (45) (5)
Accretion of long-term liabilities and provisions 36
Equity loss of a joint venture 56 –
Gain on sale of wireless spectrum licenses [note 3] (158) –
Impairment of goodwill [note 10] 15 –
Debt retirement costs [note 13] –8
Write-down of assets [note 22] 55 6
Write-down of property held for sale [note 22] 6–
Write-down of investment [note 22] 27 –
Distributions from a venture capital fund investment [note 22] (27) –
Other –14
Funds flow from operations 1,637 1,524
(ii) Interest and income taxes paid and interest and distributions received and classified as operating activities are as follows:
2015
$
2014
$
Interest paid 283 283
Income taxes paid (net of refunds) 488 137
Interest received 25
(iii) Non-cash transactions
The Consolidated Statements of Cash Flows exclude the following non-cash transactions:
2015
$
2014
$
Issuance of Class B Non-Voting Shares:
Dividend reinvestment plan [note 19] 166 146
Non-monetary exchange:
Exchange of fibre assets for network capacity leases –5
Lease transactions 25
104 Shaw Communications Inc. 2015 Annual Report