| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net income (loss) | ||||||
2,200 | 2,314 | 490 | 2,165 | |||
Adjustments for non-cash items: | ||||||
Depreciation and depletion | ||||||
1,598 | 1,509 | 2,172 | 1,628 | |||
Impairment of intangible assets (note 13) | ||||||
0 | 46 | 0 | - | |||
(Gain) loss on asset sales (note 4) | ||||||
46 | 54 | 220 | 2,244 | |||
Deferred income taxes and other | ||||||
-237 | 806 | 321 | 114 | |||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
170 | -224 | 689 | 442 | |||
Inventories, materials, supplies and prepaid expenses | ||||||
74 | 338 | 83 | -197 | |||
Income taxes payable | ||||||
41 | 8 | -431 | 36 | |||
Accounts payable and accrued liabilities | ||||||
1,010 | -764 | 678 | 237 | |||
All other items - net | ||||||
-107 | -171 | -525 | -324 | |||
Cash flows from (used in) operating activities | ||||||
4,429 | 3,922 | 2,763 | 2,015 | |||
Investing activities | ||||||
Additions to property, plant and equipment | ||||||
1,636 | 1,491 | 993 | 1,073 | |||
Proceeds from asset sales (note 4) | ||||||
82 | 59 | 232 | 3,021 | |||
Additional investments | ||||||
0 | 0 | 1 | 1 | |||
Loans to equity companies - net | ||||||
150 | 127 | 19 | - | |||
Cash flows from (used in) investing activities | ||||||
-1,704 | -1,559 | -781 | 1,947 | |||
Financing activities | ||||||
Short-term debt - net (note 13) | ||||||
36 | 0 | 0 | -1,749 | |||
Long-term debt - additions (note 15) | ||||||
- | - | - | 495 | |||
Long-term debt - reductions (note 15) | ||||||
- | - | - | 2,000 | |||
Reduction in finance lease obligations (note 8) | ||||||
27 | 27 | 27 | 28 | |||
Dividends paid | ||||||
631 | 572 | 524 | 492 | |||
Common shares purchased (note 11) | ||||||
1,373 | 1,971 | 627 | - | |||
Cash flows from (used in) financing activities | ||||||
-1,995 | -2,570 | -1,178 | -3,774 | |||
Increase (decrease) in cash | ||||||
730 | -207 | 804 | 188 | |||