LON:0HEC 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	197	203	330.1	509.4	403.4
Short-Term Investments	220	215	214.3	187.6	220.4
Accounts Receivable	2,807	2,568	2,399	2,618	1,908
Other Receivables	145	102	204.9	149.1	155.4
Inventory	1,622	1,715	1,880	1,350	989.2
Prepaid Expenses	212	18	274.2	255	129.8
Restricted Cash	71	43	48.9	47.1	48
Other Current Assets	778	925	731.5	1,659	3,955
Total Current Assets	6,052	5,789	6,082	6,776	7,809
Property, Plant & Equipment	93,035	82,996	77,314	73,985	66,580
Regulatory Assets	4,804	5,129	5,092	4,762	4,142
Goodwill	53	53	52.5	52.5	52.5
Long-Term Investments	-	-	-	14.3	1,448
Long-Term Deferred Charges	2,682	2,472	2,536	3,313	1,666
Other Long-Term Assets	7,834	6,639	5,607	4,502	5,972
Total Assets	114,460	103,078	96,684	93,403	87,669
Accounts Payable	3,429	2,638	2,033	2,671	2,055
Accrued Expenses	552	460	419.3	345.3	283.5
Short-Term Debt	1,508	2,524	2,830	4,112	2,614
Current Portion of Long-Term Debt	3,210	3,371	2,541	2,528	2,154
Current Portion of Leases	143	139	181.4	170.9	402.2
Current Income Taxes Payable	2,002	1,922	1,800	1,715	1,586
Other Current Liabilities	2,470	1,955	1,779	1,725	3,332
Total Current Liabilities	13,314	13,009	11,584	13,266	12,427
Long-Term Debt	44,141	39,343	37,710	34,406	31,301
Long-Term Leases	690	621	659.3	720.9	688.9
Pension & Post-Retirement Benefits	232	361	241.7	257.3	328.4
Long-Term Deferred Tax Liabilities	11,015	10,037	9,570	9,134	8,451
Other Long-Term Liabilities	12,850	12,721	11,634	11,497	11,793
Total Liabilities	82,242	76,092	71,398	69,281	64,989
Common Stock	3,523	3,472	3,428	3,413	3,409
Additional Paid-In Capital	12,138	9,606	9,074	8,051	7,173
Retained Earnings	15,441	13,869	12,800	12,346	11,667
Comprehensive Income & Other	36	-3	-55.5	83.7	184.8
Total Common Equity	31,138	26,944	25,247	23,893	22,433
Minority Interest	1,080	42	39.2	229	247
Shareholders' Equity	32,218	26,986	25,286	24,122	22,680
Total Liabilities & Equity	114,460	103,078	96,684	93,403	87,669
Total Debt	49,692	45,998	43,922	41,938	37,160
Net Cash (Debt)	-49,275	-45,580	-43,377	-41,241	-36,536
Net Cash Per Share	-91.68	-85.78	-83.38	-80.31	-72.81
Filing Date Shares Outstanding	540.86	532.91	526.18	513.87	504.21
Total Common Shares Outstanding	540.86	532.91	526.18	513.87	504.21
Working Capital	-7,262	-7,220	-5,502	-6,491	-4,618
Book Value Per Share	57.57	50.56	47.98	46.50	44.49
Tangible Book Value	31,085	26,891	25,194	23,841	22,381
Tangible Book Value Per Share	57.47	50.46	47.88	46.40	44.39
Machinery	104,261	94,690	89,133	86,119	77,050
Construction In Progress	7,635	6,347	5,508	4,810	3,684

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