Consolidated Financial Statements
Consolidated Statement of Cash Flows For the years ended March 31 (millions)
Notes
2024
2023
OPERATING ACTIVITIES Net income
$
21 $
60
Add items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities
34
21
66
140
Depreciation and amortization
146
78
Net finance expenses
26 27 27
73
3 2
Loss on impairment of assets
-
Other net losses on disposal of assets
2
278
347
67
Net change in non-cash working capital related to operations
(43)
345
Cash provided by operating activities
304
INVESTING ACTIVITIES
(15)
Additions to intangible assets
(9)
(246)
Additions to property, plant and equipment
(207)
5
Net proceeds on disposal of assets
2
(13)
Decommissioning costs
(11)
(269)
Cash used in investing activities
(225)
FINANCING ACTIVITIES Debt retirement funds installments Net repayment of short-term debt
(16) (66)
7
(15) (26)
120
Proceeds from long-term debt
19 17
88
(5)
Repayment of principal on lease liability
(4)
(74) (21) (62)
Interest paid Dividends paid
(68) (50) (75)
Cash used in financing activities
14
4 2 6
INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR CASH AND CASH EQUIVALENTS, END OF YEAR
6
$
20 $
(See accompanying notes)
59
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