Consolidated Statements of Cash Flows Years ended December 31 (Cdn$ in millions) 2012 2011 Operating activities Profit for the year  $ 870 $ 2,768 Adjustments for: Depreciation and amortization 951 911 Provision for deferred income and resource taxes  98 701 Share of loss of associates  10 5 Gain on sale of investments and assets  (53) (174) Unrealized gains on derivatives  (114) (158) Asset write-downs – 30 Foreign exchange losses (gains)  24 (7) Loss on debt repurchase  965 – Finance income (135) (113) Finance expense 577 595 Other (10) 73 3,183 4,631 Net change in non-cash working capital items  (388) (674) 2,795 3,957 Investing activities Purchase of property, plant and equipment  (1,809) (1,236) Purchase of financial investments and other assets  (326) (463) Proceeds from the sale of investments and other assets 51 289 Acquisition of SilverBirch Energy Corporation  (432) – (2,516) (1,410) Financing activities Issuance of debt 2,767 1,907 Repayment of debt (3,027) (104) Debt interest paid (428) (377) Issuance of Class B subordinate voting shares  2 4 Purchase and cancellation of Class B subordinate voting shares  (129) (171) Dividends paid (469) (354) Distributions to non-controlling interests  (50) (54) (1,334) 851 Effect of exchange rate changes on cash and cash equivalents  (83) 175 Increase (decrease) in cash and cash equivalents (1,138) 3,573 Cash and cash equivalents at beginning of year 4,405 832 Cash and cash equivalents at end of year $ 3,267 $ 4,405 Supplemental information  (Note 10) The accompanying notes are an integral part of these financial statements. Teck 2012 Annual Report 78