SaskEnergy Third Quarter Report - December 31, 2018

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited)

For the Nine Months Ended December 31

(millions)

Notes

2018

2017

Operating activities Net income

$

100

$

64

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

8 8

(13) (14)

(16)

7

Depreciation and amortization

74 38

74 36

Net finance expenses

Net gains on disposal of assets and impairment recovery

(13)

(6)

172

159

Net change in non-cash working capital related to operations

(18)

14

Cash provided by operating activities

154

173

Investing activities Additions to intangible assets

(11)

(8)

Additions to property, plant and equipment

(222)

(172)

Decommissioning costs

(2)

(3)

Net proceeds on disposal of assets Cash used in investing activities

31

-

(204)

(183)

Financing activities Debt retirement funds installments Debt retirement funds redemptions Repayment of short-term debt Proceeds from short-term debt

(8)

(7)

-

7

(17)

-

-

1

Dividends paid

(23)

(14)

Proceeds from long-term debt Repayment of long-term debt

6

149

121

-

(59) (39)

Interest paid

(46)

Cash provided by financing activities

55

10

Increase in cash and cash equivalents

5

-

Cash and cash equivalents, beginning of period

(3)

1

Increase in cash and cash equivalents

5

-

Cash and cash equivalents, end of period

$

2

$

1

16

2018-19 THIRD QUARTER REPORT

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