ATCO Ltd. 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	1,004	374	288	1,033	1,091
Short-Term Investments	353	339	304	-	-
Trading Asset Securities	-	4	22	7	-
Accounts Receivable	849	1,012	867	928	823
Other Receivables	-	69	90	74	75
Inventory	146	155	114	80	61
Prepaid Expenses	274	121	61	51	117
Loans Receivable Current	-	-	3	-	-
Other Current Assets	-	71	87	188	54
Total Current Assets	2,626	2,145	1,836	2,361	2,221
Property, Plant & Equipment	22,582	21,925	20,971	19,613	18,878
Goodwill	124	244	242	89	73
Other Intangible Assets	1,094	1,076	1,028	870	752
Long-Term Investments	769	778	727	783	681
Long-Term Loans Receivable	-	35	30	-	-
Long-Term Deferred Tax Assets	119	91	75	64	54
Long-Term Accounts Receivable	99	118	131	141	152
Other Long-Term Assets	255	312	318	218	193
Total Assets	27,668	26,724	25,358	24,139	23,004
Accounts Payable	936	1,062	961	1,161	852
Short-Term Debt	27	280	-	-	209
Current Portion of Long-Term Debt	377	78	531	110	352
Current Portion of Leases	28	23	17	16	14
Current Income Taxes Payable	-	20	23	13	12
Other Current Liabilities	87	92	84	226	147
Total Current Liabilities	1,455	1,555	1,616	1,526	1,586
Long-Term Debt	12,652	11,478	10,518	9,980	9,505
Long-Term Leases	147	125	104	99	76
Long-Term Unearned Revenue	2,165	2,088	2,041	1,989	1,870
Pension & Post-Retirement Benefits	235	248	244	223	292
Long-Term Deferred Tax Liabilities	2,381	2,288	2,152	1,843	1,624
Other Long-Term Liabilities	284	232	185	135	102
Total Liabilities	19,319	18,014	16,860	15,795	15,055
Common Stock	215	191	187	179	180
Additional Paid-In Capital	16	17	14	10	8
Retained Earnings	4,313	4,423	4,216	4,090	3,962
Comprehensive Income & Other	-22	1	6	97	-39
Total Common Equity	4,522	4,632	4,423	4,376	4,111
Minority Interest	3,827	4,078	4,075	3,968	3,838
Shareholders' Equity	8,349	8,710	8,498	8,344	7,949
Total Liabilities & Equity	27,668	26,724	25,358	24,139	23,004
Total Debt	13,231	11,984	11,170	10,205	10,156
Net Cash (Debt)	-11,874	-11,267	-10,556	-9,165	-9,065
Net Cash Per Share	-105.28	-100.35	-93.10	-80.21	-79.21
Filing Date Shares Outstanding	110.75	112.24	112.16	113.66	114.14
Total Common Shares Outstanding	110.75	112.24	112.16	113.66	114.14
Working Capital	1,171	590	220	835	635
Book Value Per Share	40.83	41.27	39.44	38.50	36.02
Tangible Book Value	3,304	3,312	3,153	3,417	3,286
Tangible Book Value Per Share	29.83	29.51	28.11	30.06	28.79
Land	-	1,138	1,089	1,075	1,062
Machinery	-	25,829	24,869	22,905	22,271
Construction In Progress	-	844	524	770	445

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