2023-24 SaskEnergy Annual Report

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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