Air Canada 2010 Annual Report Download - page 91

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Consolidated Financial Statements and Notes
91
CONSOLIDATED STATEMENT OF CASH FLOW
For the year ended December 31
(Canadian dollars in millions)
2010 2009
Cash flows from (used for)
Operating 
Net income (loss) for the year $ 107 $ (24)
Adjustments to reconcile to net cash from operations
Depreciation and amortization 679 660
Loss on assets Notes 3 & 4 7 95
Foreign exchange gain (172) (633)
Future income taxes 52 2
Excess of employee future benefit funding over expense (126) (368)
Non-controlling interest 9 15
Fuel and other derivatives Note 15 102 41
Fuel hedge collateral deposits, net Note 15 43 268
Provision adjustment for cargo investigations, net Note 17 (46) -
Changes in non-cash working capital balances 154 (234)
Other 55 11
864 (167)
Financing
Proceeds from borrowings Note 6 1,175 926
Shares issued Note 11 2 230
Warrants issued under the public offering and credit facility Notes 6 & 11 – 26
Reduction of long-term debt and capital lease obligations (1,135) (1,237)
Other (35) -
7 (55)
Investing
Short-term investments (810) 214
Additions to capital assets (118) (232)
Proceeds from contractual commitments Note 9 - 230
Proceeds from sale of assets Note 3 29 103
Proceeds from sale-leaseback transactions Note 3 20 552
Reduction to Aveos letter of credit Note 18 23 -
Other (40) (29)
(896) 838
Increase (decrease) in cash and cash equivalents (25) 616
Cash and cash equivalents, beginning of year 1,115 499
Cash and cash equivalents, end of year $ 1,090 $ 1,115
The accompanying notes are an integral part of the consolidated financial statements.