CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited)
For the Three Months Ended June 30
(millions)
Notes
2019
2018
Operating activities Net income
$
-
$
12
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
10
6
2
(12)
Depreciation and amortization
26 13 51 10 61
25 12 43 16 59
Net finance expenses
14
Net change in non-cash working capital related to operations
Cash provided by operating activities
Investing activities Additions to intangible assets
(2)
(1)
Additions to property, plant and equipment
(54) (56)
(37) (38)
Cash used in investing activities
Financing activities Debt retirement funds installments
(8)
(6)
Repayment of short-term debt Proceeds from long-term debt
(47)
(72)
7 8
106
101
Repayment of principle on lease liability
(1)
-
Interest paid Dividends paid
(18) (43) (11)
(18) (23) (18)
Cash used in financing activities
(Decrease) increase in cash and cash equivalents
$
(6)
$
3
Cash and cash equivalents, beginning of period (Decrease) increase in cash and cash equivalents
6
(3)
(6)
3
Cash and cash equivalents, end of period
$
-
$
-
(See accompanying notes)
16
2019-20 FIRST QUARTER REPORT
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