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              [html]<thead><tr><td></td><tdcolspan="3">CONSOLIDATED STATEMENTS OF CASH FLOWS</td></tr><tr><td>Years ended December 31</td><td>( In millions of dollars )</td><td>2013</td><td>2012</td></tr></thead><tbody><tr><td>% Chg</td><td></td><td></td><td></td></tr><tr><td>CASH FROM OPERATIONS</td><td>Net income for the period</td><td>$ 1.669</td><td>$ 1.693</td></tr><tr><td>( 1 )</td><td>Depreciation and amortization</td><td>1.898</td><td>1.819</td></tr><tr><td>4</td><td>Impairment of assets</td><td>–</td><td>80</td></tr><tr><td>n / m</td><td>Finance costs</td><td>742</td><td>671</td></tr><tr><td>11</td><td>Income tax expense</td><td>596</td><td>610</td></tr><tr><td>( 2 )</td><td>Gain on sale of TVtropolis</td><td>( 47 )</td><td>–</td></tr><tr><td>n / m</td><td>Gain on spectrum distribution</td><td>–</td><td>( 233 )</td></tr><tr><td>n / m</td><td>Other</td><td>90</td><td>89</td></tr><tr><td>1</td><td>Cash provided by operations before changes in non - cash operating items</td><td>4.948</td><td>4.729</td></tr><tr><td>5</td><td>Change in non - cash operating working capital items</td><td>238</td><td>( 248 )</td></tr><tr><td>n / m</td><td>5.186</td><td>4.481</td><td>16</td></tr><tr><td>Income taxes paid</td><td>( 496 )</td><td>( 380 )</td><td>31</td></tr><tr><td>Interest paid</td><td>( 700 )</td><td>( 680 )</td><td>3</td></tr><tr><td>Cash provided by operating activities</td><td>3.990</td><td>3.421</td><td>17</td></tr><tr><td>CASH USED IN INVESTING</td><td></td><td></td><td></td></tr><tr><td>Additions to property, plant and equipment</td><td>( 2.240 )</td><td>( 2.142 )</td><td>5</td></tr><tr><td>Change in non - cash working capital items related to property, plant and equipment</td><td>( 114 )</td><td>136</td><td>n / m</td></tr><tr><td>Acquisitions and strategic initiatives</td><td>( 1.080 )</td><td>( 707 )</td><td>53</td></tr><tr><td>Other</td><td>( 39 )</td><td>( 121 )</td><td>( 68 )</td></tr><tr><td>Cash used in investing activities</td><td>( 3.473 )</td><td>( 2.834 )</td><td>23</td></tr><tr><td>CASH FROM FINANCING</td><td></td><td></td><td></td></tr><tr><td>Issuence of long - term debt, net of transaction costs</td><td>2.543</td><td>2.090</td><td>22</td></tr><tr><td>Repayment of long - term debt and net settlement of derivatives on terminution</td><td>( 725 )</td><td>( 1.240 )</td><td>( 42 )</td></tr><tr><td>Proceeds on short - term borrowings</td><td>650</td><td>–</td><td>n / m</td></tr><tr><td>Dividends paid and repurchase / osurnce of Clea B Non - Voting shares</td><td>( 897 )</td><td>( 1.167 )</td><td>( 23 )</td></tr><tr><td>Cash provided by ( used in ) financing activities</td><td>1.571</td><td>( 317 )</td><td>n / m</td></tr><tr><td>Increase in cash and cash equivalents</td><td>S 2.088</td><td>S</td><td>270</td></tr><tr><td>n / m</td><td>Cash and cash equivalents, end of period</td><td>$ 2.301</td><td>$</td></tr></tbody>
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