FRA:49P Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	76	12	5	165	52
Accounts Receivable	460	456	414	398	329
Inventory	124	114	113	95	78
Prepaid Expenses	96	81	68	69	66
Other Current Assets	316	362	335	483	163
Total Current Assets	1,072	1,025	935	1,210	688
Property, Plant & Equipment	10,930	10,296	9,189	8,179	7,682
Regulatory Assets	619	632	492	473	533
Other Intangible Assets	366	361	375	308	348
Other Long-Term Assets	243	230	217	289	243
Total Assets	13,230	12,544	11,208	10,459	9,494
Accounts Payable	330	365	347	457	244
Accrued Expenses	140	129	114	97	96
Short-Term Debt	-	-	146	-	-
Current Portion of Long-Term Debt	-	170	80	260	-
Current Portion of Leases	53	53	23	24	24
Current Income Taxes Payable	38	36	30	29	46
Other Current Liabilities	432	366	372	629	358
Total Current Liabilities	993	1,119	1,112	1,496	768
Long-Term Debt	4,693	4,354	3,905	3,386	3,285
Long-Term Leases	540	562	305	312	295
Pension & Post-Retirement Benefits	177	214	251	253	301
Long-Term Deferred Tax Liabilities	1,023	804	665	633	621
Other Long-Term Liabilities	1,671	1,697	1,651	1,600	1,517
Total Liabilities	9,097	8,750	7,889	7,680	6,787
Common Stock	2,382	2,118	1,750	1,249	1,241
Retained Earnings	1,755	1,680	1,574	1,534	1,476
Comprehensive Income & Other	-4	-4	-5	-4	-10
Shareholders' Equity	4,133	3,794	3,319	2,779	2,707
Total Liabilities & Equity	13,230	12,544	11,208	10,459	9,494
Total Debt	5,286	5,139	4,459	3,982	3,604
Net Cash (Debt)	-5,210	-5,127	-4,454	-3,817	-3,552
Net Cash Per Share	-47.05	-49.22	-45.47	-42.58	-39.63
Filing Date Shares Outstanding	115.56	109.35	101.16	89.31	89.43
Total Common Shares Outstanding	115.56	109.34	101.16	89.28	89.41
Working Capital	79	-94	-177	-286	-80
Book Value Per Share	35.77	34.70	32.81	31.13	30.28
Tangible Book Value	3,767	3,433	2,944	2,471	2,359
Tangible Book Value Per Share	32.60	31.40	29.10	27.68	26.38
Machinery	15,008	13,891	12,396	11,614	11,044
Construction In Progress	416	567	974	467	313

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