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Consolidated Statement of Cash Flows - CAD ($)
$ in Millions
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income (loss) $ 150.0 $ (47.5)
Adjustments for:    
Depreciation and amortization 310.5 319.5
Impairment of non-financial assets 41.8 171.7
Share of after-tax profit of equity accounted investees (48.5) (2.7)
Deferred income taxes (32.4) (33.3)
Investment tax credits (27.5) (36.9)
Share-based payments expense 6.4 9.6
Defined benefit pension plans 13.7 12.0
Other non-current liabilities (65.9) (19.9)
Derivative financial assets and liabilities – net 11.3 (26.7)
Other 36.3 70.3
Changes in non-cash working capital 22.5 (49.5)
Net cash provided by operating activities 418.2 366.6
Investing activities    
Business combinations, net of cash acquired (1,883.7) (186.5)
Acquisition of investment in equity accounted investees (4.3) (18.7)
Additions to property, plant and equipment (272.2) (107.6)
Proceeds from disposal of property, plant and equipment 8.4 4.5
Additions to intangible assets (90.6) (56.0)
Net (payments to) proceeds from equity accounted investees (19.4) 0.7
Dividends received from equity accounted investees 27.1 12.1
Other (2.4) 8.1
Net cash used in investing activities (2,237.1) (343.4)
Financing activities    
Net proceeds from (repayment of) borrowing under revolving credit facilities 344.6  
Net proceeds from (repayment of) borrowing under revolving credit facilities   (705.6)
Proceeds from long-term debt 429.1 151.1
Repayment of long-term debt (132.1) (86.1)
Repayment of lease liabilities (89.5) (200.8)
Net proceeds from the issuance of common shares 696.1 820.8
Changes in restricted cash 9.4 0.0
Other (2.0) (0.7)
Net cash provided by (used in) financing activities 1,255.6 (21.3)
Effect of foreign currency exchange differences on cash and cash equivalents (16.7) (22.3)
Net decrease in cash and cash equivalents (580.0) (20.4)
Cash and cash equivalents, beginning of year 926.1 946.5
Cash and cash equivalents, end of year $ 346.1 $ 926.1