SaskEnergy Second Quarter Report - September 30, 2024

Consolidated Financial Statements (unaudited)

Condensed Consolidated Statement of Cash Flows

For the Six Months Ended September 30,

(millions)

Notes

2024

2023

OPERATING ACTIVITIES Net loss

$

(26)

$

(28)

Add (deduct) items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities

5

11

14 70 38

69 38

Depreciation and amortization

Net finance expenses

15

1

Loss on impairment assets Net gain on disposal of assets

-

-

(2)

87 52

92 50

Net change in non-cash working capital related to operations

139

Cash provided by operating activities

142

INVESTING ACTIVITIES Additions to intangible assets

(5)

(3)

(103)

Additions to property, plant and equipment

(107)

1

Proceeds on disposal of assets

5

(2)

Decommissioning costs

(6)

(109)

Cash used in investing activities

(111)

FINANCING ACTIVITIES Debt retirement funds redemptions Debt retirement funds installments Net repayment of short-term debt Proceeds from long-term debt

10

-

(10) (91)

(11) (96)

195

9 9 8

120

(100)

Repayment of long-term debt

-

(3)

Repayment of principal on lease liability

(2)

(40)

Interest paid Dividends paid

(34) (10) (33)

(9)

(48)

Cash used in financing activities

DECREASE IN CASH AND CASH EQUIVALENTS

$

(18)

$

(2)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD

$

20

$

6

CASH AND CASH EQUIVALENTS, END OF PERIOD

$

2

$

4

The accompanying notes are an integral part of the condensed consolidated financial statements

19

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