121  / SERVICE EXCELLENCE CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS YEAR ENDED DECEMBER 31, 2019 (in millions of Canadian dollars) CPRL (Parent Guarantor) CPRC (Subsidiary Issuer) Non-Guarantor Subsidiaries Consolidating Adjustments and Eliminations CPRL Consolidated Cash provided by operating activities $ 1,601 $ 2,133 $ 1,026 $ (1,770 ) $ 2,990 Investing activities Additions to properties — (1,243 ) (404 ) — (1,647 ) Investment in Central Maine & Québec Railway — (47) (127) — (174) Proceeds from sale of properties and other assets — 21 5 — 26 Advances to affiliates — (263) (396) 659 — Repayment of advances to affiliates — 468 1,350 (1,818 ) — Capital contributions to affiliates — (125) — 125 — Repurchase of share capital from affiliates 1,246 1,345 — (2,591 ) — Other — 1 (9) — (8) Cash provided by (used in) investing activities 1,246 157 419 (3,625 ) (1,803 ) Financing activities Dividends paid (412 ) (1,612 ) (158 ) 1,770 (412 ) Issuance of share capital — — 125 (125) — Return of share capital to affiliates — (1,246 ) (1,345 ) 2,591 — Issuance of CP Common Shares 26 — — — 26 Purchase of CP Common Shares (1,132 ) (2 ) — — (1,134 ) Issuance of long-term debt, excluding commercial paper — 397 — — 397 Repayment of long-term debt, excluding commercial paper — (500 ) — — (500 ) Net issuance of commercial paper — 524 — — 524 Advances from affiliates 495 151 13 (659 ) — Repayment of advances from affiliates (1,813) (5) — 1,818 — Other (11 ) (1 ) — — (12 ) Cash used in financing activities (2,847) (2,294) (1,365) 5,395 (1,111) Effect of foreign currency fluctuations on U.S. dollar- denominated cash and cash equivalents — (1 ) (3 ) — (4 ) Cash position (Decrease) increase in cash and cash equivalents — (5 ) 77 — 72 Cash and cash equivalents at beginning of year — 42 19 — 61 Cash and cash equivalents at end of year $ — $ 37 $ 96 $ — $ 133