Financial Statements for Fortis Inc

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Fortis Inc financials

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Income Statement

Balance Sheet

Cash Flow

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In Millions of CAD (except for per share items)	3 months ending 2013-03-31	3 months ending 2012-12-31	3 months ending 2012-09-30	3 months ending 2012-06-30	3 months ending 2012-03-31
Revenue	1,113.00	999.00	714.00	792.00	1,149.00
Other Revenue, Total	-	-	-	-	-
Total Revenue	1,113.00	999.00	714.00	792.00	1,149.00
Cost of Revenue, Total	505.00	430.00	235.00	291.00	566.00
Gross Profit	-	-	-	-	-
Selling/General/Admin. Expenses, Total	-	-	-	-	-
Research & Development	-	-	-	-	-
Depreciation/Amortization	129.00	119.00	118.00	114.00	119.00
Interest Expense(Income) - Net Operating	-	-	-	-	-
Unusual Expense (Income)	0.00	1.00	0.00	4.00	4.00
Other Operating Expenses, Total	-	-	-	-	-
Total Operating Expense	855.00	797.00	556.00	613.00	903.00
Operating Income	258.00	202.00	158.00	179.00	246.00
Interest Income(Expense), Net Non-Operating	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Other, Net	-	1.00	0.00	0.00	0.00
Income Before Tax	175.00	119.00	66.00	91.00	156.00
Income After Tax	145.00	102.00	59.00	77.00	133.00
Minority Interest	-2.00	-2.00	-3.00	-3.00	-1.00
Equity In Affiliates	-	-	-	-	-
Net Income Before Extra. Items	143.00	100.00	56.00	74.00	132.00
Accounting Change	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Net Income	165.00	100.00	56.00	74.00	132.00
Preferred Dividends	-	-	-	-	-
Income Available to Common Excl. Extra Items	129.00	87.00	45.00	62.00	121.00
Income Available to Common Incl. Extra Items	151.00	87.00	45.00	62.00	121.00
Basic Weighted Average Shares	-	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-	-
Dilution Adjustment	4.00	6.00	0.00	0.00	4.00
Diluted Weighted Average Shares	202.80	206.90	191.10	190.50	200.30
Diluted EPS Excluding Extraordinary Items	0.66	0.45	0.24	0.33	0.62
Diluted EPS Including Extraordinary Items	-	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.31	0.31	0.30	0.30	0.30
Gross Dividends - Common Stock	-	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-	-
Depreciation, Supplemental	-	-	-	-	-
Total Special Items	-	-	-	-	-
Normalized Income Before Taxes	-	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-	-
Normalized Income After Taxes	-	-	-	-	-
Normalized Income Avail to Common	-	-	-	-	-
Basic Normalized EPS	-	-	-	-	-
Diluted Normalized EPS	0.66	0.45	0.24	0.34	0.64

In Millions of CAD (except for per share items)	12 months ending 2012-12-31	12 months ending 2011-12-31	12 months ending 2010-12-31	12 months ending 2009-12-31
Revenue	3,654.00	3,738.00	3,657.00	3,643.00
Other Revenue, Total	-	-	-	-
Total Revenue	3,654.00	3,738.00	3,657.00	3,643.00
Cost of Revenue, Total	1,522.00	1,697.00	1,686.00	1,799.00
Gross Profit	-	-	-	-
Selling/General/Admin. Expenses, Total	-	-	6.00	-
Research & Development	-	-	-	-
Depreciation/Amortization	470.00	416.00	410.00	364.00
Interest Expense(Income) - Net Operating	-	-	-	-
Unusual Expense (Income)	9.00	-17.00	0.00	-
Other Operating Expenses, Total	-	-	-	-
Total Operating Expense	2,869.00	2,946.00	2,924.00	2,942.00
Operating Income	785.00	792.00	733.00	701.00
Interest Income(Expense), Net Non-Operating	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-
Other, Net	1.00	1.00	1.00	-
Income Before Tax	432.00	450.00	390.00	341.00
Income After Tax	371.00	366.00	323.00	292.00
Minority Interest	-9.00	-9.00	-10.00	-12.00
Equity In Affiliates	-	-	-	-
Net Income Before Extra. Items	362.00	357.00	313.00	280.00
Accounting Change	-	-	-	-
Discontinued Operations	-	-	-	-
Extraordinary Item	-	-	-	-
Net Income	362.00	357.00	313.00	280.00
Preferred Dividends	-	-	-	-
Income Available to Common Excl. Extra Items	315.00	311.00	285.00	262.00
Income Available to Common Incl. Extra Items	315.00	311.00	285.00	262.00
Basic Weighted Average Shares	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-
Dilution Adjustment	10.00	12.00	19.00	17.00
Diluted Weighted Average Shares	197.20	190.00	187.10	184.80
Diluted EPS Excluding Extraordinary Items	1.65	1.70	1.62	1.51
Diluted EPS Including Extraordinary Items	-	-	-	-
Dividends per Share - Common Stock Primary Issue	1.21	1.17	1.12	1.04
Gross Dividends - Common Stock	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-
Depreciation, Supplemental	-	-	-	-
Total Special Items	-	-	-	-
Normalized Income Before Taxes	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-
Normalized Income After Taxes	-	-	-	-
Normalized Income Avail to Common	-	-	-	-
Basic Normalized EPS	-	-	-	-
Diluted Normalized EPS	1.69	1.63	1.62	1.51

In Millions of CAD (except for per share items)	As of 2013-03-31	As of 2012-12-31	As of 2012-09-30	As of 2012-06-30	As of 2012-03-31
Cash & Equivalents	168.00	154.00	147.00	231.00	110.00
Short Term Investments	-	-	-	-	-
Cash and Short Term Investments	168.00	154.00	147.00	231.00	110.00
Accounts Receivable - Trade, Net	675.00	587.00	410.00	509.00	696.00
Receivables - Other	-	-	-	-	-
Total Receivables, Net	675.00	587.00	410.00	509.00	696.00
Total Inventory	78.00	133.00	157.00	107.00	76.00
Prepaid Expenses	15.00	18.00	33.00	25.00	17.00
Other Current Assets, Total	151.00	201.00	122.00	155.00	201.00
Total Current Assets	1,087.00	1,093.00	869.00	1,027.00	1,100.00
Property/Plant/Equipment, Total - Gross	-	-	-	-	-
Accumulated Depreciation, Total	-	-	-	-	-
Goodwill, Net	1,585.00	1,568.00	1,566.00	1,570.00	1,563.00
Intangibles, Net	319.00	325.00	322.00	324.00	324.00
Long Term Investments	-	-	-	-	-
Other Long Term Assets, Total	1,750.00	1,715.00	1,703.00	1,676.00	1,648.00
Total Assets	15,155.00	14,950.00	14,438.00	14,431.00	14,294.00
Accounts Payable	886.00	966.00	855.00	863.00	1,009.00
Accrued Expenses	-	-	-	-	-
Notes Payable/Short Term Debt	89.00	136.00	97.00	81.00	76.00
Current Port. of LT Debt/Capital Leases	88.00	124.00	97.00	97.00	124.00
Other Current liabilities, Total	118.00	82.00	77.00	84.00	79.00
Total Current Liabilities	1,181.00	1,308.00	1,126.00	1,125.00	1,288.00
Long Term Debt	5,933.00	5,783.00	5,847.00	5,878.00	5,780.00
Capital Lease Obligations	434.00	428.00	434.00	428.00	316.00
Total Long Term Debt	6,367.00	6,211.00	6,281.00	6,306.00	6,096.00
Total Debt	6,544.00	6,471.00	6,475.00	6,484.00	6,296.00
Deferred Income Tax	721.00	702.00	733.00	704.00	685.00
Minority Interest	333.00	310.00	288.00	275.00	246.00
Other Liabilities, Total	1,331.00	1,319.00	1,165.00	1,180.00	1,166.00
Total Liabilities	9,933.00	9,850.00	9,593.00	9,590.00	9,481.00
Redeemable Preferred Stock, Total	-	-	-	-	-
Preferred Stock - Non Redeemable, Net	1,108.00	1,108.00	912.00	912.00	912.00
Common Stock, Total	3,149.00	3,121.00	3,092.00	3,071.00	3,050.00
Additional Paid-In Capital	15.00	15.00	15.00	15.00	15.00
Retained Earnings (Accumulated Deficit)	1,043.00	952.00	923.00	937.00	932.00
Treasury Stock - Common	-	-	-	-	-
Other Equity, Total	-93.00	-96.00	-97.00	-94.00	-96.00
Total Equity	5,222.00	5,100.00	4,845.00	4,841.00	4,813.00
Total Liabilities & Shareholders' Equity	15,155.00	14,950.00	14,438.00	14,431.00	14,294.00
Shares Outs - Common Stock Primary Issue	-	-	-	-	-
Total Common Shares Outstanding	192.48	191.57	190.70	189.97	189.27

In Millions of CAD (except for per share items)	As of 2012-12-31	As of 2011-12-31	As of 2010-12-31	As of 2009-12-31
Cash & Equivalents	154.00	87.00	109.00	85.00
Short Term Investments	-	-	-	-
Cash and Short Term Investments	154.00	87.00	109.00	85.00
Accounts Receivable - Trade, Net	525.00	588.00	655.00	595.00
Receivables - Other	-	-	-	-
Total Receivables, Net	587.00	638.00	655.00	595.00
Total Inventory	133.00	134.00	168.00	178.00
Prepaid Expenses	18.00	19.00	17.00	16.00
Other Current Assets, Total	201.00	254.00	255.00	250.00
Total Current Assets	1,093.00	1,132.00	1,204.00	1,124.00
Property/Plant/Equipment, Total - Gross	786.00	734.00	683.00	665.00
Accumulated Depreciation, Total	-160.00	-140.00	-123.00	-106.00
Goodwill, Net	1,568.00	1,565.00	1,553.00	1,560.00
Intangibles, Net	325.00	325.00	324.00	286.00
Long Term Investments	3.00	10.00	-	-
Other Long Term Assets, Total	1,690.00	1,561.00	1,074.00	908.00
Total Assets	14,950.00	14,214.00	12,909.00	12,139.00
Accounts Payable	609.00	567.00	-	-
Accrued Expenses	171.00	163.00	-	-
Notes Payable/Short Term Debt	136.00	159.00	358.00	415.00
Current Port. of LT Debt/Capital Leases	124.00	110.00	56.00	224.00
Other Current liabilities, Total	268.00	306.00	150.00	101.00
Total Current Liabilities	1,308.00	1,305.00	1,517.00	1,592.00
Long Term Debt	6,211.00	6,114.00	5,929.00	5,596.00
Capital Lease Obligations	-	-	-	-
Total Long Term Debt	6,211.00	6,114.00	5,929.00	5,596.00
Total Debt	6,471.00	6,383.00	6,343.00	6,235.00
Deferred Income Tax	718.00	676.00	629.00	570.00
Minority Interest	310.00	208.00	162.00	123.00
Other Liabilities, Total	1,303.00	1,176.00	775.00	718.00
Total Liabilities	9,850.00	9,479.00	9,012.00	8,599.00
Redeemable Preferred Stock, Total	-	-	-	-
Preferred Stock - Non Redeemable, Net	1,108.00	912.00	592.00	347.00
Common Stock, Total	3,121.00	3,036.00	2,578.00	2,497.00
Additional Paid-In Capital	15.00	14.00	12.00	11.00
Retained Earnings (Accumulated Deficit)	952.00	868.00	804.00	763.00
Treasury Stock - Common	-	-	-	-
Other Equity, Total	-78.00	-77.00	-145.00	-78.00
Total Equity	5,100.00	4,735.00	3,897.00	3,540.00
Total Liabilities & Shareholders' Equity	14,950.00	14,214.00	12,909.00	12,139.00
Shares Outs - Common Stock Primary Issue	-	-	-	-
Total Common Shares Outstanding	191.57	188.83	174.39	171.26

In Millions of CAD (except for per share items)	3 months ending 2013-03-31	12 months ending 2012-12-31	9 months ending 2012-09-30	6 months ending 2012-06-30	3 months ending 2012-03-31
Net Income/Starting Line	167.00	371.00	269.00	210.00	133.00
Depreciation/Depletion	113.00	424.00	316.00	201.00	107.00
Amortization	12.00	44.00	33.00	21.00	11.00
Deferred Taxes	-11.00	17.00	8.00	8.00	5.00
Non-Cash Items	-19.00	42.00	-41.00	-19.00	-7.00
Changes in Working Capital	18.00	78.00	219.00	162.00	79.00
Cash from Operating Activities	280.00	976.00	804.00	583.00	328.00
Capital Expenditures	-250.00	-1,130.00	-794.00	-511.00	-229.00
Other Investing Cash Flow Items, Total	-39.00	50.00	33.00	27.00	18.00
Cash from Investing Activities	-289.00	-1,080.00	-761.00	-484.00	-211.00
Financing Cash Flow Items	20.00	84.00	64.00	53.00	39.00
Total Cash Dividends Paid	-55.00	-216.00	-128.00	-109.00	-55.00
Issuance (Retirement) of Stock, Net	10.00	218.00	-22.00	6.00	2.00
Issuance (Retirement) of Debt, Net	48.00	85.00	103.00	95.00	-80.00
Cash from Financing Activities	23.00	171.00	17.00	45.00	-94.00
Foreign Exchange Effects	-	-	0.00	-	-
Net Change in Cash	14.00	67.00	60.00	144.00	23.00
Cash Interest Paid, Supplemental	-	374.00	269.00	185.00	80.00
Cash Taxes Paid, Supplemental	-	83.00	63.00	51.00	33.00

In Millions of CAD (except for per share items)	12 months ending 2012-12-31	12 months ending 2011-12-31	12 months ending 2010-12-31	12 months ending 2009-12-31
Net Income/Starting Line	371.00	366.00	323.00	292.00
Depreciation/Depletion	424.00	381.00	368.00	317.00
Amortization	44.00	38.00	40.00	43.00
Deferred Taxes	17.00	4.00	-3.00	5.00
Non-Cash Items	42.00	27.00	6.00	21.00
Changes in Working Capital	78.00	99.00	-2.00	3.00
Cash from Operating Activities	976.00	915.00	732.00	681.00
Capital Expenditures	-1,130.00	-1,171.00	-1,073.00	-1,024.00
Other Investing Cash Flow Items, Total	50.00	56.00	82.00	-21.00
Cash from Investing Activities	-1,080.00	-1,115.00	-991.00	-1,045.00
Financing Cash Flow Items	84.00	72.00	36.00	-15.00
Total Cash Dividends Paid	-216.00	-197.00	-221.00	-195.00
Issuance (Retirement) of Stock, Net	218.00	345.00	322.00	46.00
Issuance (Retirement) of Debt, Net	85.00	-40.00	146.00	551.00
Cash from Financing Activities	171.00	180.00	283.00	387.00
Foreign Exchange Effects	-	-	0.00	-4.00
Net Change in Cash	67.00	-20.00	24.00	19.00
Cash Interest Paid, Supplemental	374.00	359.00	355.00	357.00
Cash Taxes Paid, Supplemental	83.00	67.00	51.00	85.00