Consolidated Financial Statements
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited)
For the Six Months Ended September 30,
2022
2021
(millions)
Notes
OPERATING ACTIVITIES Net income
$
25
$
27
Add (deduct) items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities
(15)
12
(52)
62 35
Depreciation and amortization
61 29
Net finance expenses
16
(1) (1)
Net gain on disposal of assets
(1) (1)
Employee future benefits paid in excess of expense
105
63 39
(9)
Net change in non-cash working capital related to operations
96
Cash provided by operating activities
102
INVESTING ACTIVITIES Additions to intangible assets
(2)
(2)
(93)
Additions to property, plant and equipment
(120)
-
Net proceeds on disposal of assets
4
(4)
Decommissioning costs
(4)
(99)
Cash used in investing activities FINANCING ACTIVITIES Debt retirement funds installments Proceeds from short-term debt Repayment of short-term debt
(122)
(11)
(11)
-
23
(17)
-
89
Proceeds from long-term debt
50
(2)
Repayment of principal on lease liability
9
(3)
(31) (17)
Interest paid Dividends paid
(29) (11)
11
Cash provided by financing activities
19
$
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
8
$
(1)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
2
$
$
-
CASH AND CASH EQUIVALENTS, END OF PERIOD
10
$
$
(1)
The accompanying notes are an integral part of the condensed consolidated financial statements
20
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