TSX:AQN 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	32.7	34.8	25.05	57.62	125.16
Accounts Receivable	494.8	422.6	401.44	528.06	403.43
Inventory	226.5	223.6	222.41	224.92	177.76
Prepaid Expenses	89.2	68.8	65.79	58.65	54.55
Other Current Assets	360.9	385.3	351.66	225.23	177.85
Total Current Assets	1,204	1,135	1,066	1,094	938.74
Property, Plant & Equipment	9,750	9,450	9,127	11,945	11,042
Regulatory Assets	1,191	1,126	1,185	1,081	1,009
Goodwill	1,320	1,312	1,324	1,321	1,201
Other Intangible Assets	69.7	69.1	72.46	96.68	105.12
Long-Term Investments	207.5	67.8	1,195	1,807	2,344
Long-Term Deferred Tax Assets	26.3	11.2	151.58	84.42	31.6
Other Long-Term Assets	367.8	3,790	4,253	198.93	124.66
Total Assets	14,136	16,962	18,374	17,628	16,798
Accounts Payable	145.4	164.2	180.41	186.08	185.29
Accrued Expenses	396.7	503.3	480.69	555.79	428.73
Short-Term Debt	337	383	481.72	407	338.7
Current Portion of Long-Term Debt	27.8	110.3	140.14	16.27	17.7
Current Unearned Revenue	2	-	-	-	-
Other Current Liabilities	290	336.7	402.22	369.31	394.29
Total Current Liabilities	1,199	1,498	1,685	1,534	1,365
Long-Term Debt	6,185	6,225	6,878	7,089	5,868
Long-Term Leases	10.5	10.7	7.74	21.83	22.51
Long-Term Unearned Revenue	131	-	-	-	-
Pension & Post-Retirement Benefits	72.6	73.6	96.5	125.58	238.05
Long-Term Deferred Tax Liabilities	688.9	577.2	566.26	565.64	530.19
Other Long-Term Liabilities	801.2	2,397	2,197	1,136	1,072
Total Liabilities	9,088	10,781	11,431	10,472	9,096
Preferred Stock, Redeemable	184.3	184.3	184.3	184.3	184.3
Common Stock	7,402	7,391	6,230	6,184	6,033
Additional Paid-In Capital	-	-	7.25	9.41	2.01
Retained Earnings	-2,961	-2,930	-1,280	-997.95	-288.42
Comprehensive Income & Other	16.4	62.2	-102.29	-160.06	-71.68
Total Common Equity	4,457	4,524	4,855	5,035	5,675
Minority Interest	407.2	1,473	1,903	1,936	1,843
Shareholders' Equity	5,048	6,181	6,943	7,156	7,702
Total Liabilities & Equity	14,136	16,962	18,374	17,628	16,798
Total Debt	6,560	6,729	7,508	7,534	6,247
Net Cash (Debt)	-6,527	-6,694	-7,483	-7,476	-6,122
Net Cash Per Share	-8.45	-9.12	-10.83	-11.03	-9.73
Filing Date Shares Outstanding	768.69	767.45	689.44	688.2	673.69
Total Common Shares Outstanding	768.35	767.34	689.27	683.61	671.96
Working Capital	5.2	-362.4	-618.84	-439.98	-425.97
Book Value Per Share	5.80	5.90	7.04	7.37	8.44
Tangible Book Value	3,067	3,142	3,459	3,618	4,368
Tangible Book Value Per Share	3.99	4.10	5.02	5.29	6.50
Land	119.5	117.7	118.3	113.15	114.82
Machinery	11,007	10,366	9,330	8,752	7,570
Construction In Progress	412.5	433.8	742.17	1,019	758.44

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.