CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited)
For the Six Months Ended September 30
(millions)
Notes
2019
2018
Operating activities Net (loss) income
$
(17)
$
24
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
27
(1)
-
(16)
Depreciation and amortization
53 27
53 25
Net finance expenses
14
Other gains (losses) on disposal and impairment of assets
-
(13)
90 19
72 19 91
Net change in non-cash working capital related to operations
Cash provided by operating activities
109
Investing activities Additions to intangible assets
(6)
(6)
Additions to property, plant and equipment
(154)
(113)
Decommissioning costs
(1)
-
Cash used in investing activities
(161)
(119)
Financing activities Debt retirement funds installments
(8)
(6)
Repayment of short-term debt Proceeds from long-term debt
(34)
(60)
7 8
161
149
Repayment of principle on lease liability
(3)
-
Interest paid Dividends paid
(26) (43)
(28) (23)
Cash provided by financing activities
47
32
(Decrease) increase in cash and cash equivalents
$
(5)
$
4
Cash and cash equivalents, beginning of period (Decrease) increase in cash and cash equivalents
6
(3)
(5)
4
Cash and cash equivalents, end of period
$
1
$
1
(See accompanying notes)
18
2019-20 SECOND QUARTER REPORT
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