v3.26.1
condensed interim consolidated statements of cash flows - CAD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES        
Net income (loss) $ (1,830) $ (245) $ (1,686) $ 56
Adjustments to reconcile net income to cash provided by operating activities:        
Depreciation and amortization 1,025 1,004 2,013 1,996
Impairment of intangible assets and goodwill 2,135 500 2,135 500
Income tax expense (recovery) (162) 47 (107) 154
Income taxes paid, net (12) (143) (128) (297)
Investment tax credits and tax other (7) (15) (15) (27)
Share-based compensation expense, net 52 37 83 79
Net employee defined benefit plans expense 18 14 31 29
Employer contributions to employee defined benefit plans (4) (5) (9) (10)
Gain on contributions of real estate to joint ventures (10)   (15) (8)
(Income) loss from equity accounted investments, net   (2) (1) (2)
Other (30) (23) (45) (34)
Net change in non-cash operating working capital 167 (3) 136 (193)
Cash provided by operating activities 1,342 1,166 2,392 2,243
INVESTING ACTIVITIES        
Cash payments for capital assets, excluding spectrum licences (597) (598) (1,354) (1,252)
Cash payments for spectrum licences (55)   (373)  
Cash payments for acquisitions, net   (450)   (461)
Advances to, and investment in, real estate joint ventures and associates (1)   (1)  
Real estate joint venture receipts     6 1
Proceeds on disposition   7 9 73
Investment in portfolio investments and other (19) (52) (103) (56)
Cash used by investing activities (672) (1,093) (1,816) (1,695)
FINANCING ACTIVITIES        
Dividends paid to holders of Common Shares (434) (405) (864) (807)
Issue (repayment) of short-term borrowings, net 309 (390) 312 9
Long-term debt issued 1,351 6,469 2,711 8,132
Redemptions and repayment of long-term debt (1,802) (3,048) (3,955) (5,038)
Partnership distributions to non-controlling interest (9)   (14)  
Financing activity transaction costs and other   (31)   (31)
Cash provided (used) by financing activities (585) 2,595 (1,810) 2,265
CASH POSITION        
Increase (decrease) in cash and temporary investments, net 85 2,668 (1,234) 2,813
Cash and temporary investments, net, beginning of period 1,302 1,014 2,621 869
Cash and temporary investments, net, end of period 1,387 3,682 1,387 3,682
SUPPLEMENTAL DISCLOSURE OF OPERATING CASH FLOWS        
Interest paid (450) (308) (880) (679)
Interest received $ 20 $ 17 $ 45 $ 22