SaskEnergy Third Quarter Report - December 31, 2023

Consolidated Financial Statements (unaudited)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

For the Nine Months Ended December 31,

(millions)

Notes

2023

2022

OPERATING ACTIVITIES Net (loss) income

$

(24)

$

34

Add (deduct) items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities

38

12

38 94 54

105

Depreciation and amortization

59

Net finance expenses

16

(1)

Net gain on disposal of assets Loss on impairment of assets

(1)

3

-

- -

Employee future benefits paid in excess of expense

(1) (1)

Other non-cash items

180

217

29

Net change in non-cash working capital related to operations

(55)

209

Cash provided by operating activities

162

INVESTING ACTIVITIES Additions to intangible assets

(9)

(5)

(182)

Additions to property, plant and equipment

(150)

5

Proceeds on disposal of assets

2

(10)

Decommissioning costs

(8)

(196)

Cash used in investing activities

(161)

FINANCING ACTIVITIES

(14) (43)

Debt retirement funds installments ( Repayment of ) proceeds from short-term debt Proceeds from long-term debt Repayment of principal on lease liability Interest paid Dividends paid Cash (used in) provided by financing activities

(13)

23 89

120

(3)

9

(3)

(62) (17) (19)

(56) (30)

10

(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

$

(6)

$

11

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD

$

6

$

2

CASH AND CASH EQUIVALENTS, END OF PERIOD

$

-

$

13

19

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