CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited)
For the Three Months Ended June 30
(millions)
Notes
2020
2019
Operating activities Net income
$
8
$
-
Add (deduct) items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities Change in revaluation of natural gas in storage to net realizable value
9 9
(8) (4)
10
2
Depreciation and amortization
29 13
26 13
Net finance expenses
13
Net loss (gain) on disposal of assets
(2) (1)
- -
Other non-cash items
35 21 56
51 10 61
Net change in non-cash working capital related to operations
Cash provided by operating activities
Investing activities Additions to intangible assets
(2)
(2)
Additions to property, plant and equipment
(40)
(54)
Net proceeds on disposal of assets
1
- -
Decommissioning costs
(1)
Cash used in investing activities
(42)
(56)
Financing activities Debt retirement funds redemptions Debt retirement funds installments
12
-
(8)
(8)
Proceeds from long-term debt Repayment of short-term debt Repayment of long-term debt
6
161
106
(129)
(47)
(25)
-
Repayment of principal on lease liability
7
(1)
(1)
Interest paid Dividends paid
(21)
(18) (43) (11)
(2)
Cash used in financing activities
(13)
Increase (decrease) in cash and cash equivalents
$
1
$
(6)
Cash and cash equivalents, beginning of period Increase (decrease) in cash and cash equivalents
1 1
6
(6)
Cash and cash equivalents, end of period
$
2
$
-
2020-21 First Quarter Report
19
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