FRA:49P Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	137	12	5	165	52	257
Accounts Receivable	455	456	414	398	329	271
Inventory	124	114	113	95	78	72
Prepaid Expenses	61	81	68	69	66	57
Other Current Assets	282	362	335	483	163	64
Total Current Assets	1,059	1,025	935	1,210	688	721
Property, Plant & Equipment	10,804	10,296	9,189	8,179	7,682	7,218
Regulatory Assets	599	632	492	473	533	569
Other Intangible Assets	-	361	375	308	348	365
Other Long-Term Assets	552	230	217	289	243	196
Total Assets	13,014	12,544	11,208	10,459	9,494	9,069
Accounts Payable	276	365	347	457	244	153
Accrued Expenses	134	129	114	97	96	96
Short-Term Debt	-	-	146	-	-	150
Current Portion of Long-Term Debt	68	170	80	260	-	160
Current Portion of Leases	27	53	23	24	24	24
Current Income Taxes Payable	60	36	30	29	46	36
Other Current Liabilities	420	366	372	629	358	196
Total Current Liabilities	985	1,119	1,112	1,496	768	815
Long-Term Debt	5,021	4,386	3,905	3,386	3,285	2,886
Long-Term Leases	266	562	305	312	295	165
Pension & Post-Retirement Benefits	198	214	251	253	301	400
Long-Term Deferred Tax Liabilities	998	804	665	633	621	613
Other Long-Term Liabilities	1,596	1,665	1,651	1,600	1,517	1,577
Total Liabilities	9,064	8,750	7,889	7,680	6,787	6,456
Common Stock	2,179	2,118	1,750	1,249	1,241	1,231
Retained Earnings	1,774	1,680	1,574	1,534	1,476	1,393
Comprehensive Income & Other	-3	-4	-5	-4	-10	-11
Shareholders' Equity	3,950	3,794	3,319	2,779	2,707	2,613
Total Liabilities & Equity	13,014	12,544	11,208	10,459	9,494	9,069
Total Debt	5,382	5,171	4,459	3,982	3,604	3,385
Net Cash (Debt)	-5,245	-5,159	-4,454	-3,817	-3,552	-3,128
Net Cash Per Share	-47.94	-49.53	-45.47	-42.58	-39.63	-34.89
Filing Date Shares Outstanding	112.49	109.35	101.16	89.31	89.43	89.54
Total Common Shares Outstanding	110.72	109.34	101.16	89.28	89.41	89.54
Working Capital	74	-94	-177	-286	-80	-94
Book Value Per Share	35.67	34.70	32.81	31.13	30.28	29.18
Tangible Book Value	3,950	3,433	2,944	2,471	2,359	2,248
Tangible Book Value Per Share	35.67	31.40	29.10	27.68	26.38	25.11
Machinery	15,762	13,891	12,396	11,614	11,044	10,221
Construction In Progress	422	567	974	467	313	429

Source: S&P Global Market Intelligence. Utility template. Financial Sources.