| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||
Net income | ||||||||
2,415 | 2,440 | 2,321 | 2,325 | 2,037 | 1,951 | 0 | 0 | 0 |
Reconciliation of net income to cash provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
738 | 706 | 708 | 697 | 686 | 696 | 0 | 0 | 0 |
Deferred income tax expense | ||||||||
182 | 181 | 217 | 198 | 253 | 256 | 0 | 0 | 0 |
Pension recovery and funding | ||||||||
-337 | -360 | -354 | -344 | -337 | -321 | 0 | 0 | 0 |
Foreign exchange loss (gain) on debt and lease liabilities | ||||||||
166 | -94 | 154 | 91 | 172 | 168 | 0 | 0 | 0 |
Settlement of forward starting swaps on debt issuance | ||||||||
- | - | 0 | 0 | - | - | 0 | 0 | - |
Other operating activities, net | ||||||||
26 | 143 | 31 | 1 | -13 | -79 | 0 | 0 | 0 |
Change in non-cash working capital balances related to operations | ||||||||
124 | 26 | 91 | 132 | -52 | -65 | 0 | 0 | 0 |
Cash provided by operating activities | ||||||||
3,066 | 2,990 | 2,888 | 2,738 | 2,728 | 2,712 | 0 | 0 | 0 |
Investing activities | ||||||||
Additions to properties | ||||||||
1,778 | 1,647 | 1,614 | 1,580 | 1,534 | 1,551 | 0 | 0 | 0 |
Proceeds from sale of properties and other assets | ||||||||
22 | 26 | 80 | 83 | 80 | 78 | 0 | 0 | 0 |
Other investing activities | ||||||||
16 | 8 | -10 | -11 | -15 | -15 | 0 | 0 | 0 |
Cash used in investing activities | ||||||||
-1,946 | -1,803 | -1,524 | -1,486 | -1,439 | -1,458 | 0 | 0 | 0 |
Financing activities | ||||||||
Dividends paid | ||||||||
435 | 412 | 391 | 367 | 357 | 348 | 0 | 0 | 0 |
Issuance of CP Common Shares | ||||||||
46 | 26 | 28 | 26 | 20 | 24 | 0 | 0 | 0 |
Purchase of CP Common Shares | ||||||||
1,428 | 1,134 | 1,508 | 1,008 | 1,012 | 1,103 | 0 | 0 | 0 |
Issuance of long-term debt, excluding commercial paper | ||||||||
959 | 397 | 397 | 397 | 1,035 | 638 | 0 | 0 | 0 |
Repayment of long-term debt, excluding commercial paper | ||||||||
510 | 500 | 500 | 499 | 753 | 753 | 0 | 0 | 0 |
Net repayment of commercial paper | ||||||||
-29 | 524 | 548 | 246 | 0 | - | 0 | 0 | - |
Increase in short-term borrowings | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Other financing activities | ||||||||
0 | - | 0 | - | 0 | - | 0 | - | - |
Cash (used in) provided by financing activities | ||||||||
-1,253 | -1,111 | -1,375 | -1,258 | -1,067 | -1,542 | 0 | 0 | 0 |
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents | ||||||||
28 | -4 | 6 | 0 | 5 | 11 | 0 | 0 | 0 |
Cash position | ||||||||
Increase in cash and cash equivalents | ||||||||
-105 | 72 | -5 | -6 | 227 | -277 | 0 | 0 | 0 |
Supplemental disclosures of cash flow information: | ||||||||
Income taxes paid | ||||||||
496 | 506 | 467 | 419 | 363 | 318 | 0 | 0 | 0 |
Interest paid | ||||||||
452 | 444 | 456 | 462 | 469 | 463 | 0 | 0 | 0 |