Consolidated Financial Statements (unaudited)
Condensed Consolidated Statement of Cash Flows
For the Three Months Ended June 30,
(millions)
Notes
2026
2025
OPERATING ACTIVITIES Net income
$
3
$
5
Add (deduct) items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities
10
(1)
6
Depreciation and amortization
37 19 58 36 94
35 20 66
Net finance expenses
14
Net change in non-cash working capital related to operations
(15)
Cash provided by operating activities
51
INVESTING ACTIVITIES Additions to intangible assets
(2)
(3)
Additions to property, plant and equipment
(41)
(63)
Decommissioning costs
(1)
(1)
Cash used in investing activities
(44)
(67)
FINANCING ACTIVITIES Debt retirement funds redemptions Debt retirement funds installments
-
44
(10) (33)
(11)
Net (repayment of) proceeds from short-term debt
30 74
Proceeds from long-term debt Repayment of long-term debt
8 8 7
48
-
(75)
Repayment of principal on lease liability
(2)
(1)
Interest paid Dividends paid
(29) (16) (42)
(29) (16)
Cash (used in) provided by financing activities
16
INCREASE IN CASH AND CASH EQUIVALENTS
$
8
$
-
Cash and cash equivalents, beginning of period, prior to IFRS 9 amendments
3 3
1 2
Adjustment on initial application of IFRS 9 amendments
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
$
3
$
2
CASH AND CASH EQUIVALENTS, END OF PERIOD
$
11
$
2
The accompanying notes are an integral part of the condensed consolidated financial statements
16
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