Consolidated Financial Statements
53
Consolidated Statement of Cash Flows For the year ended March 31 (millions)
Notes
2026
2025
OPERATING ACTIVITIES Net income
$
84 $
90
Add (deduct) items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities
12
19
(8)
146
Depreciation and amortization
141
77
Net finance expenses
24 25 25
76
1 1
Loss on impairment of assets Net loss on disposal of assets
5
-
-
Other non-cash items
(1)
321
303 107 410
27
Net change in non-cash working capital related to operations
348
Cash provided by operating activities
INVESTING ACTIVITIES Additions to intangible assets
(10)
(12)
(420)
Additions to property, plant and equipment
(326)
2
Net proceeds on disposal of assets
2
(11)
Decommissioning costs
(19)
(439)
Cash used in investing activities
(355)
FINANCING ACTIVITIES Debt retirement funds redemptions Debt retirement funds installments Net proceeds from short-term debt Net repayment of short-term debt
44
6 6
10
(19)
(16)
108
-
-
(58)
149
Proceeds from long-term debt Repayment of long-term debt
17 17 15
195
(75)
(100)
(6)
Repayment of principal on lease liability
(5)
(77) (34)
Interest paid Dividends paid
(78) (21) (73) (18)
90
Cash provided by (used in) financing activities DECREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR CASH AND CASH EQUIVALENTS, END OF YEAR
(1)
2
20
$
1 $
2
(See accompanying notes)
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