Hydro One Balance Sheet

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

Millions CAD. 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	549	716	79	530	540
Accounts Receivable	1,492	1,236	1,143	1,049	983
Inventory	31	29	35	25	22
Prepaid Expenses	92	94	51	62	55
Other Current Assets	10	42	46	194	226
Total Current Assets	2,174	2,117	1,354	1,860	1,826
Property, Plant & Equipment	31,497	29,148	26,923	25,133	23,899
Regulatory Assets	3,857	3,503	3,260	2,964	3,561
Goodwill	378	373	373	373	373
Other Intangible Assets	654	661	656	608	570
Long-Term Investments	302	46	43	35	22
Long-Term Deferred Tax Assets	135	127	119	114	118
Other Long-Term Assets	674	707	124	370	14
Total Assets	39,671	36,682	32,852	31,457	30,383
Accounts Payable	850	690	636	566	521
Accrued Expenses	1,154	985	831	828	777
Short-Term Debt	100	200	279	1,374	1,045
Current Portion of Long-Term Debt	929	1,154	700	733	611
Current Unearned Revenue	313	336	211	-	-
Current Portion of Leases	14	14	12	12	14
Other Current Liabilities	230	122	51	139	10
Total Current Liabilities	3,590	3,501	2,720	3,652	2,978
Long-Term Debt	18,092	16,332	14,712	13,030	13,017
Long-Term Leases	29	41	37	43	46
Pension & Post-Retirement Benefits	1,672	1,590	1,531	1,376	2,513
Long-Term Deferred Tax Liabilities	1,799	1,452	1,067	715	367
Other Long-Term Liabilities	1,743	1,593	1,020	1,249	486
Total Liabilities	26,925	24,509	21,087	20,065	19,407
Common Stock	5,721	5,713	5,706	5,699	5,688
Additional Paid-In Capital	25	28	30	34	38
Retained Earnings	6,911	6,360	5,947	5,562	5,174
Comprehensive Income & Other	-9	-12	-3	11	-12
Total Common Equity	12,648	12,089	11,680	11,306	10,888
Minority Interest	98	84	85	86	88
Shareholders' Equity	12,746	12,173	11,765	11,392	10,976
Total Liabilities & Equity	39,671	36,682	32,852	31,457	30,383
Total Debt	19,164	17,741	15,740	15,192	14,733
Net Cash (Debt)	-18,615	-17,025	-15,661	-14,662	-14,193
Net Cash Per Share	-30.99	-28.34	-26.08	-24.41	-23.64
Filing Date Shares Outstanding	599.78	599.44	599.08	598.71	598.33
Total Common Shares Outstanding	599.78	599.44	599.08	598.71	598.22
Working Capital	-1,416	-1,384	-1,366	-1,792	-1,152
Book Value Per Share	21.09	20.17	19.50	18.88	18.20
Tangible Book Value	11,616	11,055	10,651	10,325	9,945
Tangible Book Value Per Share	19.37	18.44	17.78	17.25	16.62
Machinery	40,495	38,205	36,324	34,397	32,481
Construction In Progress	2,598	2,113	1,505	1,230	1,417

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