Consolidated Statement of Cash Flows For the years ended December 31
(millions)
Notes
2014
2013
Operating activities Net (loss) income and comprehensive (loss) income Add (deduct) items not requiring an outlay of cash Employee future benefits paid in excess of expense
$ 79
$ (33)
18 22 22 26 28 29
(2)
–
Net change in fair value of derivative instrument assets and liabilities Change in revaluation of natural gas in storage to net realizable value
6
75 12 83 37
(13)
Depreciation and amortization
77 47
Net finance expenses Other (gains) losses Other non-cash items
2 –
(1) (1)
196
172
Net change in non-cash working capital related to operations
30
48
76
Cash provided by operating activities
244
248
Investing activities Additions to intangible assets
(13)
(7)
Additions to property, plant and equipment
(208)
(279)
Proceeds on disposal of assets
29 29
2
6
Decommissioning costs
(2)
(3)
Cash used in investing activities
(221)
(283)
Financing activities Debt retirement funds redemptions Debt retirement funds installments (Decrease) increase in short-term debt
8 8
3
6
(8)
(10) (81)
105
Proceeds of long-term debt Repayment of long-term debt
16 16
–
246
(50) (44) (31) (25)
(50) (47) (24)
Interest paid Dividends paid
Cash provided by (used in) financing activities
40
(2)
Increase (decrease) in cash and cash equivalents
5
2
Cash and cash equivalents, beginning of year
–
$
–
Cash and cash equivalents, end of year
$
5
(See accompanying notes)
42
Consolidated Financial Statements
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