Condensed Consolidated Financial Statements
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited)
For the Three Months Ended June 30,
(millions)
Notes
2021
2020
OPERATING ACTIVITIES Net income
$
10
$
8
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
(15)
12 12
(8) (4)
-
30 15
Depreciation and amortization
29 13
Net finance expenses
16
- -
Net gain on disposal of assets
(2) (1)
Other non-cash items
40 24 64
35 21 56
Net change in non-cash working capital related to operations
Cash provided by operating activities
INVESTING ACTIVITIES Additions to intangible assets
(1)
(2)
(31)
Additions to property, plant and equipment
(40)
-
Net proceeds on disposal of assets
1
(1)
Decommissioning costs
(1)
(33)
Cash used in investing activities
(42)
FINANCING ACTIVITIES Debt retirement funds redemptions Debt retirement funds installments
-
12
(10) (39)
(8)
Repayment of short-term debt Proceeds from long-term debt Repayment of long-term debt
(129)
50
161
-
(25)
(2)
Repayment of principal on lease liability
9
(1)
(22)
Interest paid Dividends paid
(21)
(7)
(2)
(30)
Cash used in financing activities
(13)
INCREASE IN CASH AND CASH EQUIVALENTS
$
1
$
1
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
-
1
CASH AND CASH EQUIVALENTS, END OF PERIOD
$
1
$
2
The accompanying notes are an integral part of the condensed consolidated financial statements
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