2023 Consolidated Financial Statements and Notes
AIR CANADA
2023 Consolidated Financial Statements and Notes
Cash Flows from Financing Activities
Information on the change in liabilities for which cash flows have been classified as financing activities in the statement
of cash flows is presented below.
$
(Canadian
dollars in
Jan. 1, 2023
Borrowings
millions)
Long-term
debt
13,445
$
84
$
(1,926) $
Air Canada
1,667
(343)
aircraft
Regional
917
(154)
aircraft
Land and
454
(29)
buildings
Lease
3,038
liabilities
(526)
(51)
Cash Flows
Non-Cash Changes
Repayments
Financing
fees
Foreign
exchange
adjustments
Amortization
of financing
fees and other
adjustments
New lease
liabilities (new
and modified
contracts)
Dec. 31,
2023
$
(208)
$
60
$
$
11,455
(34)
(17)
87
1,377
(35)
711
24
449
76
2,537
Unamortized
debt issuance
costs and
(177)
(1)
48
(130)
other
adjustments
Total
liabilities
from
16,306
$
84
$
(2,452)
$
(1)
(259)
$
108
$
76
$
13,862
financing
activities
(Canadian
dollars in
Jan. 1, 2022 Borrowings
millions)
Long-term
$
13,568
$
202
$
(1,302) $
Cash Flows
Non-Cash Changes
Repayments
Financing
fees
Foreign
exchange
adjustments
Amortization
of financing
fees and other
New lease
liabilities (new
and modified
Dec. 31,
2022
adjustments
contracts)
$
645
$
332
$
$
13,445
debt
Air Canada
1,792
(313)
aircraft
Regional
981
(172)
aircraft
Land and
406
(27)
buildings
Lease
3,179
(512)
122
67
1
190
I
66
1,667
41
917
74
454
181
3,038
liabilities
Unamortized
debt issuance
costs and
(224)
(6)
53
(177)
other
adjustments
Total
liabilities
from
$
16,523
$
202
$
(1,814)
$
(6)
$
835
$
385
$
181
$
16,306
financing
activities
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