Consolidated Financial Statements
Consolidated Statement of Cash Flows For the year ended March 31 (millions)
Notes
2025
2024
OPERATING ACTIVITIES Net income
$
90 $
21
Add (deduct) items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities
(8)
19
34
141
Depreciation and amortization
140
76
Net finance expenses
24 25 25
78
5
Loss on impairment of assets Net loss on disposal of assets
3 2
-
(1)
Other non-cash items
-
303 107 410
278
Net change in non-cash working capital related to operations
67
Cash provided by operating activities
345
INVESTING ACTIVITIES Additions to intangible assets
(12)
(15)
(326)
Additions to property, plant and equipment
(246)
2
Net proceeds on disposal of assets
5
(19)
Decommissioning costs
(13)
(355)
Cash used in investing activities
(269)
FINANCING ACTIVITIES Debt retirement funds redemptions Debt retirement funds installments Net repayment of short-term debt Proceeds from long-term debt
10
6 6
-
(16) (58)
(16) (66)
195
17 17 15
120
(100)
Repayment of long-term debt
-
(5)
Repayment of principal on lease liability
(5)
(78) (21) (73) (18)
Interest paid Dividends paid
(74) (21) (62)
Cash used in financing activities
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR
14
20
6
CASH AND CASH EQUIVALENTS, END OF YEAR
$
2 $
20
(See accompanying notes)
57
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