Consolidated Financial Statements (unaudited)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
For the Six Months Ended September 30,
(millions)
Notes
2023
2022
OPERATING ACTIVITIES Net (loss) income
$
(28)
$
25
Add (deduct) items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities
12
14 70 38
(15)
Depreciation and amortization
62 35
Net finance expenses
16
Net gain on disposal of assets
(2)
(1) (1)
Employee future benefits paid in excess of expense
-
92 50
105
Net change in non-cash working capital related to operations
(9)
Cash provided by operating activities
142
96
INVESTING ACTIVITIES Additions to intangible assets
(3)
(2)
Additions to property, plant and equipment
(107)
(93)
Proceeds on disposal of assets
5
-
Decommissioning costs
(6)
(4)
Cash used in investing activities FINANCING ACTIVITIES Debt retirement funds installments
(111)
(99)
(11) (96)
(11) (17)
Repayment of short-term debt Proceeds from long-term debt
120
89
Repayment of principal on lease liability
9
(2)
(2)
Interest paid Dividends paid
(34) (10) (33)
(31) (17)
Cash (used in) provided by financing activities
11
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
$
(2)
$
8
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
$
6
$
2
CASH AND CASH EQUIVALENTS, END OF PERIOD
$
4
$
10
The accompanying notes are an integral part of the condensed consolidated financial statements
19
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