2017-18 SaskEnergy Annual Report

CONSOLIDATED FINANCIAL STATEMENTS

Consolidated Statement of Cash Flows FOR THE YEARS ENDED MARCH 31

(millions)

Notes

2018

2017

OPERATING ACTIVITIES Net income Add (deduct) items not requiring an outlay of cash

$

144 (46) 12 100

$

146 (63) (13)

Net change in fair value of derivative instrument assets and liabilities Change in revaluation of natural gas in storage to net realizable value Depreciation and amortization Net finance expenses Other gains and losses on disposal and impairment of assets Employee future benefits paid in excess of expense

19 19 22

96 46 36

48 15

(1)

(1)

272 40 312

247 (22) 225 (12) (183) 1 (4) (198)

Net change in non-cash working capital related to operations

Cash provided by operating activities

INVESTING ACTIVITIES

(12) (243) 2 (5) (258)

Additions to intangible assets Additions to property, plant and equipment Proceeds on disposal of assets Decommissioning costs

Cash used in investing activities

FINANCING ACTIVITIES

7 (9)

Debt retirement funds redemptions Debt retirement funds installments Repayment of short-term debt Proceeds of long-term debt Repayment of long-term debt Interest paid Dividends paid Cash used in financing activities

7 7

12

(9) (6) 149 (100) (47) (36)

(39) 121 (59) (49) (30) (58)

14 14

(37)

DECREASE IN CASH AND CASH EQUIVALENTS

$

(4) $

(10)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD DECREASE IN CASH AND CASH EQUIVALENTS

$

1 (4)

$

11 (10)

CASH AND CASH EQUIVALENTS, END OF PERIOD

$

(3) $

1

(See accompanying notes)

49

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