SaskEnergy Third Quarter Report - December 31, 2019

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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