South Bow Corporation (FRA:R8M)

South Bow Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023
Cash & Equivalents	501	397	262
Cash & Short-Term Investments	501	397	262
Cash Growth	-19.52%	51.53%	-
Accounts Receivable	1,084	1,253	1,404
Other Receivables	13	-	144
Receivables	1,097	1,253	1,548
Inventory	127	207	160
Restricted Cash	-	66	70
Other Current Assets	604	87	47
Total Current Assets	2,329	2,198	2,614
Property, Plant & Equipment	8,183	8,206	8,428
Long-Term Investments	741	732	813
Long-Term Deferred Tax Assets	16	16	6
Other Long-Term Assets	194	177	171
Total Assets	11,463	11,329	12,032
Accounts Payable	1,191	1,098	1,229
Accrued Expenses	100	117	93
Current Income Taxes Payable	-	-	22
Current Unearned Revenue	18	15	17
Other Current Liabilities	405	531	714
Total Current Liabilities	1,714	1,761	2,075
Long-Term Debt	5,751	5,716	5,967
Long-Term Leases	25	22	6
Long-Term Unearned Revenue	20	19	17
Pension & Post-Retirement Benefits	-	7	-
Long-Term Deferred Tax Liabilities	1,211	1,102	1,040
Other Long-Term Liabilities	118	92	87
Total Liabilities	8,839	8,719	9,192
Common Stock	2,201	2,196	2,968
Additional Paid-In Capital	661	661	-
Retained Earnings	-84	-49	-
Comprehensive Income & Other	-154	-198	-128
Shareholders' Equity	2,624	2,610	2,840
Total Liabilities & Equity	11,463	11,329	12,032
Total Debt	5,776	5,738	5,973
Net Cash (Debt)	-5,275	-5,341	-5,711
Net Cash Per Share	-25.24	-25.65	-27.51
Filing Date Shares Outstanding	208.25	208.04	207.6
Total Common Shares Outstanding	208.25	208.04	207.6
Working Capital	615	437	539
Book Value Per Share	12.60	12.55	13.68
Tangible Book Value	2,624	2,610	2,840
Tangible Book Value Per Share	12.60	12.55	13.68
Machinery	-	813	830
Construction In Progress	-	122	45

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