Consolidated Financial Statements
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited)
For the Nine Months Ended December 31,
(millions)
Notes
2022
2021
OPERATING ACTIVITIES Net income
$
34
$
45
Add (deduct) items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities
38 94 54
12
(30)
Depreciation and amortization
92 43
Net finance expenses
16
(1) (1) (1)
Net gain on disposal of assets
- - -
Employee future benefits paid in excess of expense
Other non-cash items
217
150
(55)
Net change in non-cash working capital related to operations
(20)
162
Cash provided by operating activities
130
INVESTING ACTIVITIES Additions to intangible assets
(5)
(4)
(150)
Additions to property, plant and equipment
(187)
2
Proceeds on disposal of assets
5
(8)
Decommissioning costs
(6)
(161)
Cash used in investing activities FINANCING ACTIVITIES Debt retirement funds installments Proceeds from short-term debt Proceeds from long-term debt Repayment of principal on lease liability
(192)
(13)
(12)
23 89
96 50
(3)
9
(5)
(56) (30)
Interest paid Dividends paid
(51) (13)
10
Cash provided by financing activities
65
INCREASE IN CASH AND CASH EQUIVALENTS
$
11
$
3
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
$
2
$
-
CASH AND CASH EQUIVALENTS, END OF PERIOD
$
13
$
3
The accompanying notes are an integral part of the condensed consolidated financial statements
20
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