CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited)
For the Three Months Ended June 30
(millions)
Notes
2016
2015
Operating activities Net income and comprehensive income
$
54
$
(1)
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
8 8
(43) (11)
(7) (1)
Depreciation and amortization
23
21 16 28 52 80
Net finance expenses
8
31 23 54
Net change in non-cash working capital related to operations
10
Cash provided by operating activities
Investing activities Additions to intangible assets
(2)
(4)
Additions to property, plant and equipment
(28)
(39)
Decommissioning costs
(1)
(1)
Cash used in investing activities
(31)
(44)
Financing activities Debt retirement funds installments Debt retirement funds redemptions Increase (decrease) in short-term debt
(4)
(4)
3 2
-
(16) (10)
Dividends paid
(21)
Proceeds from long-term debt Repayment of long-term debt
6 6
22
- -
(22) (13) (33)
Interest paid
(15) (45)
Cash used in financing activities
Decrease in cash and cash equivalents
(10)
(9)
Cash and cash equivalents, beginning of period
11
10
Cash and cash equivalents, end of period
$
1
$
1
17
2016-17 FIRST QUARTER REPORT
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