XML 24 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statement of Cash Flows - CAD ($)
$ in Millions
 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net income $ 231.9 $ 150.0
Adjustments for:    
Depreciation and amortization 342.2 310.5
Impairment (reversal) of non-financial assets – net (2.4) 41.8
Share of after-tax profit of equity accounted investees (53.2) (48.5)
Deferred income taxes 10.4 (32.4)
Investment tax credits (5.4) (27.5)
Share-based payments expense (10.3) 6.4
Defined benefit pension plans 4.8 13.7
Other non-current liabilities (15.9) (65.9)
Derivative financial assets and liabilities – net (2.5) 11.3
Other 23.3 36.3
Changes in non-cash working capital (114.5) 22.5
Net cash provided by operating activities 408.4 418.2
Investing activities    
Business combinations, net of cash acquired (6.4) (1,883.7)
Acquisition of investment in equity accounted investees 0.0 (4.3)
Property, plant and equipment expenditures (268.8) (272.2)
Proceeds from disposal of property, plant and equipment 5.7 8.4
Advance payments for property, plant and equipment (30.1) 0.0
Intangible assets expenditures (126.4) (90.6)
Net payments to equity accounted investees (10.9) (19.4)
Dividends received from equity accounted investees 40.9 27.1
Other (4.7) (2.4)
Net cash used in investing activities (400.7) (2,237.1)
Financing activities    
Net proceeds from borrowing under revolving credit facilities 44.5 344.6
Proceeds from long-term debt 31.2 429.1
Repayment of long-term debt (161.0) (132.1)
Repayment of lease liabilities (83.4) (89.5)
Net proceeds from the issuance of common shares 16.3 696.1
Other (0.2) 7.4
Net cash (used in) provided by financing activities (152.6) 1,255.6
Effect of foreign currency exchange differences on cash and cash equivalents 16.4 (16.7)
Net decrease in cash and cash equivalents (128.5) (580.0)
Cash and cash equivalents, beginning of year 346.1 926.1
Cash and cash equivalents, end of year $ 217.6 $ 346.1