Condensed Consolidated Financial Statements
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited)
For the Nine Months Ended December 31,
(millions)
Notes
2021
2020
OPERATING ACTIVITIES Net income
$
45
$
29
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
(30)
12 12
(12)
-
(6)
92 43
Depreciation and amortization
86 41
Net finance expenses
16
-
Net gain on disposal of assets
(2)
150
136
(20)
Net change in non-cash working capital related to operations
(11)
130
Cash provided by operating activities
125
INVESTING ACTIVITIES Additions to intangible assets
(4)
(9)
(187)
Additions to property, plant and equipment
(172)
5
Net proceeds on disposal of assets
1
(6)
Decommissioning costs
(6)
(192)
Cash used in investing activities
(186)
FINANCING ACTIVITIES Debt retirement funds redemptions Debt retirement funds installments
-
12
(12)
(10)
96 50
Proceeds from short-term debt Proceeds from long-term debt Repayment of long-term debt
10
10
160
-
(34)
(5)
9
(5)
Repayment of principal on lease liability
(51) (13)
Interest paid Dividends paid
(50)
(7)
65
Cash provided by financing activities
76
INCREASE IN CASH AND CASH EQUIVALENTS
$
3
$
15
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
-
1
CASH AND CASH EQUIVALENTS, END OF PERIOD
$
3
$
16
The accompanying notes are an integral part of the condensed consolidated financial statements
p. 17
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