Ovintiv Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
OVV$61.60+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statement of Cash Flows
| Three Months Ended · Nine Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| September 30, · September 30, | |||||||||
| (US$ millions) · 2024 · 2023 · 2024 · 2023 | |||||||||
| Operating Activities | |||||||||
| Net earnings (loss) | $507 | $406 | $1,185 | $1,229 | |||||
| Depreciation, depletion and amortization | 599 | 486 | 1,745 | 1,269 | |||||
| Accretion of asset retirement obligation | 5 | 5 | 14 | 14 | |||||
| Deferred income taxes | (Note 7) | 21 | (78) | 182 | 33 | ||||
| Unrealized (gain) loss on risk management | (Note 19) | (31) | 292 | 61 | 132 | ||||
| Unrealized foreign exchange (gain) loss | (Note 6) | 16 | (19) | (12) | (14) | ||||
| Foreign exchange (gain) loss on settlements | (Note 6) | (2) | 2 | (9) | 5 | ||||
| Other | (Note 21) | (137) | 18 | (128) | (6) | ||||
| Net change in other assets and liabilities | 19 | (14) | (35) | (31) | |||||
| Net change in non-cash working capital | (Note 20) | 25 | (192) | (302) | 174 | ||||
| Cash From (Used in) Operating Activities | 1,022 | 906 | 2,701 | 2,805 | |||||
| Investing Activities | |||||||||
| Capital expenditures | (Note 3) | (538) | (834) | (1,751) | (2,084) | ||||
| Acquisitions | (Note 8) | (7) | (59) | (202) | (273) | ||||
| Corporate acquisition, net of cash acquired | (Note 9) | - | - | 12 | (3,225) | ||||
| Proceeds from divestitures | (Note 8) | 3 | 12 | 7 | 741 | ||||
| Net change in investments and other | (Note 21) | 26 | 27 | 16 | 116 | ||||
| Cash From (Used in) Investing Activities | (516) | (854) | (1,918) | (4,725) | |||||
| Financing Activities | |||||||||
| Net issuance (repayment) of revolving debt | (Note 12) | (210) | 29 | 140 | 316 | ||||
| Issuance of long-term debt | (Note 12) | - | - | - | 2,278 | ||||
| Purchase of shares of common stock | (Note 14) | (163) | (45) | (597) | (373) | ||||
| Dividends on shares of common stock | (Note 14) | (78) | (82) | (238) | (225) | ||||
| Finance lease payments and other | (2) | (3) | (32) | (75) | |||||
| Cash From (Used in) Financing Activities | (453) | (101) | (727) | 1,921 | |||||
| Foreign Exchange Gain (Loss) on Cash, Cash Equivalents | |||||||||
| and Restricted Cash Held in Foreign Currency | (2) | - | - | (3) | |||||
| Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | 51 | (49) | 56 | (2) | |||||
| Cash, Cash Equivalents and Restricted Cash, Beginning of Period | 8 | 52 | 3 | 5 | |||||
| Cash, Cash Equivalents and Restricted Cash, End of Period | $59 | $3 | $59 | $3 | |||||
| Cash, End of Period | $9 | $3 | $9 | $3 | |||||
| Cash Equivalents, End of Period | - | - | - | - | |||||
| Restricted Cash, End of Period | (Note 21) | 50 | - | 50 | - | ||||
| Cash, Cash Equivalents and Restricted Cash, End of Period | $59 | $3 | $59 | $3 | |||||
| Supplementary Cash Flow Information | (Note 20) | ||||||||
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