v3.26.1
Consolidated Statement of Cash Flows - CAD ($)
$ in Millions
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net income $ 322.7 $ 415.0
Adjustments for:    
Depreciation and amortization 460.1 414.7
Impairment of non-financial assets – net 58.8 7.1
Share of after-tax profit of equity accounted investees (82.7) (88.3)
Deferred income taxes 21.9 44.9
Investment tax credits (7.7) (10.1)
Equity-settled share-based payments expense 36.7 25.2
Defined benefit pension plans 18.1 34.6
Derivative financial assets and liabilities – net 13.8 (39.8)
Gain on remeasurement of previously held equity interest 0.0 (72.6)
Other (12.1) (31.3)
Changes in non-cash working capital (37.7) 197.1
Net cash provided by operating activities 791.9 896.5
Investing activities    
Business combinations, net of cash acquired 0.0 (308.0)
Property, plant and equipment expenditures (287.8) (356.2)
Proceeds from disposal of property, plant and equipment 5.4 19.4
Intangible assets expenditures (73.7) (87.9)
Net payments to equity accounted investees (31.6) (19.0)
Dividends received from equity accounted investees 79.6 28.7
Other (11.2) (9.3)
Net cash used in investing activities (319.3) (732.3)
Financing activities    
Net repayment of borrowing under revolving credit facilities 0.0 (45.0)
Proceeds from long-term debt 89.5 331.5
Repayment of long-term debt (278.9) (321.3)
Repayment of lease liabilities (61.1) (59.9)
Net proceeds from the issuance of common shares 46.3 67.1
Repurchase and cancellation of common shares (7.0) (21.3)
Other (1.5) (0.9)
Net cash used in financing activities (212.7) (49.8)
Effect of foreign currency exchange differences on cash and cash equivalents (1.2) 19.2
Net increase in cash and cash equivalents 258.7 133.6
Cash and cash equivalents, beginning of year 293.7 160.1
Cash and cash equivalents, end of year $ 552.4 $ 293.7