CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited)
For the Nine Months Ended December 31
(millions)
Notes
2019
2018
Operating activities Net income
$
22
$
100
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
10 10
35
(13) (14)
(3)
Depreciation and amortization
81 41
74 38
Net finance expenses
14
Other gains on disposal and impairment of assets
-
(13)
Other non-cash items
(1)
-
175
172
Net change in non-cash working capital related to operations
(9)
(19)
Cash provided by operating activities
166
153
Investing activities Additions to intangible assets
(8)
(11)
Additions to property, plant and equipment
(245)
(222)
Decommissioning costs
(5)
(2)
Net proceeds on disposal of assets Cash used in investing activities
-
32
(258)
(203)
Financing activities Debt retirement funds installments Debt retirement fund redemptions Proceeds from short-term debt Repayment of short-term debt
(9)
(8)
4
- -
24
-
(17)
Proceeds from long-term debt Repayment of long-term debt
7 7 8
194
149
(33)
- -
Repayment of principal on lease liability
(5)
Interest paid Dividends paid
(47) (43)
(46) (23)
Cash provided by financing activities
85
55
(Decrease) increase in cash and cash equivalents
$
(7)
$
5
Cash and cash equivalents, beginning of period (Decrease) increase in cash and cash equivalents
6
(3)
(7)
5
Cash and cash equivalents, end of period
$
(1)
$
2
(See accompanying notes)
19
2019-20 THIRD QUARTER REPORT
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