Consolidated Financial Statements (unaudited)
Condensed Consolidated Statement of Cash Flows
For the Nine Months Ended December 31,
(millions)
Notes
2025
2024
OPERATING ACTIVITIES Net income
$
31
$
21
Add items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities
10
9
3
Depreciation and amortization
109
104
Net finance expenses
14
58
57
Loss on impairment of assets Net loss on disposal of assets
-
1
1
-
208
186
Net change in non-cash working capital related to operations
(67)
40
Cash provided by operating activities
141
226
INVESTING ACTIVITIES Additions to intangible assets
(7)
(7)
Additions to property, plant and equipment
(286)
(201)
Proceeds on disposal of assets
1
1
Decommissioning costs
(8)
(8)
Cash used in investing activities
(300)
(215)
FINANCING ACTIVITIES Debt retirement funds redemptions Debt retirement funds installments Net proceeds from short-term debt Net repayment of short-term debt
44
10
(16)
(14)
196
-
-
(34)
Proceeds from long-term debt Repayment of long-term debt
8 8 7
149
195
(75)
(100)
Repayment of principal on lease liability
(4)
(4)
Interest paid Dividends paid
(67) (28)
(69) (14) (30)
Cash provided by (used in) financing activities
199
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
$
40
$
(19)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
$
2
$
20
CASH AND CASH EQUIVALENTS, END OF PERIOD
$
42
$
1
The accompanying notes are an integral part of the condensed consolidated financial statements
17
Made with FlippingBook Ebook Creator