Company: ENBSF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000895728-25-000012
Chunk: 25

Company: ENBRIDGE INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 25
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ends paid per common share0.94 0.92 

The accompanying notes are an integral part of these interim consolidated financial statements.

8

ENBRIDGE INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

Three months endedMarch 31, 20252024(unaudited; millions of Canadian dollars)  Operating activities  Earnings2,490 1,565 Adjustments to reconcile earnings to net cash provided by operating activities:  Depreciation and amortization1,408 1,193 Deferred income tax expense304 134 Unrealized derivative fair value loss/(gain), net (Note 9)(92)693 Income from equity investments(729)(696)Distributions from equity investments557 556 Other14 6 Changes in operating assets and liabilities(899)(300)Net cash provided by operating activities3,053 3,151 Investing activities  Capital expenditures(1,723)(1,185)Long-term, restricted and other investments(304)(411)Distributions from equity investments in excess of cumulative earnings184 266 Additions to intangible assets(60)(42)Acquisitions — (6,397)Proceeds from disposition of equity investments130 — Other(16)(23)Net cash used in investing activities(1,789)(7,792)Financing activities  Net change in short-term borrowings330 (65)Net change in commercial paper and credit facility draws967 5,828 Debenture and term note issues, net of issue costs2,777 — Debenture and term note repayments(2,742)(3,781)Contributions from noncontrolling interests5 2 Distributions to noncontrolling interests(100)(78)Common shares issued, net of issue costs5 — Preference share dividends(102)(93)Common share dividends(2,054)(1,945)Net change in affiliate loans— 14 Other(36)(2)Net cash used in financing activities(950)(120)Effect of translation of foreign denominated cash and cash equivalents and restricted cash8 161 Net change in cash and cash equivalents and restricted cash322 (4,600)Cash and cash equivalents and restricted cash at beginning of period12,000 5,985 Cash and cash equivalents and restricted cash at end of period12,322 1,385 

The accompanying notes are an integral