TSX:AQN Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	55.5	32.7	34.8	25.05	57.62	125.16
Accounts Receivable	498	494.8	422.6	401.44	528.06	403.43
Inventory	202.1	226.5	223.6	222.41	224.92	177.76
Prepaid Expenses	79.4	89.2	68.8	65.79	58.65	54.55
Other Current Assets	331.1	360.9	385.3	351.66	225.23	177.85
Total Current Assets	1,166	1,204	1,135	1,066	1,094	938.74
Property, Plant & Equipment	9,723	9,750	9,450	9,127	11,945	11,042
Regulatory Assets	1,178	1,191	1,126	1,185	1,081	1,009
Goodwill	1,318	1,320	1,312	1,324	1,321	1,201
Other Intangible Assets	71.8	69.7	69.1	72.46	96.68	105.12
Long-Term Investments	201.9	207.5	67.8	1,195	1,807	2,344
Long-Term Deferred Tax Assets	25.9	26.3	11.2	151.58	84.42	31.6
Other Long-Term Assets	365.7	367.8	3,790	4,253	198.93	124.66
Total Assets	14,050	14,136	16,962	18,374	17,628	16,798
Accounts Payable	86.9	145.4	164.2	180.41	186.08	185.29
Accrued Expenses	297.9	396.7	503.3	480.69	555.79	428.73
Short-Term Debt	515	337	383	481.72	407	338.7
Current Portion of Long-Term Debt	28.5	27.8	110.3	140.14	16.27	17.7
Current Unearned Revenue	-	2	-	-	-	-
Other Current Liabilities	185.5	290	336.7	402.22	369.31	394.29
Total Current Liabilities	1,114	1,199	1,498	1,685	1,534	1,365
Long-Term Debt	6,164	6,185	6,225	6,878	7,089	5,868
Long-Term Leases	9.7	10.5	10.7	7.74	21.83	22.51
Long-Term Unearned Revenue	-	131	-	-	-	-
Pension & Post-Retirement Benefits	70.6	72.6	73.6	96.5	125.58	238.05
Long-Term Deferred Tax Liabilities	720	688.9	577.2	566.26	565.64	530.19
Other Long-Term Liabilities	930.1	801.2	2,397	2,197	1,136	1,072
Total Liabilities	9,008	9,088	10,781	11,431	10,472	9,096
Preferred Stock, Redeemable	184.3	184.3	184.3	184.3	184.3	184.3
Common Stock	7,407	7,402	7,391	6,230	6,184	6,033
Additional Paid-In Capital	-	-	-	7.25	9.41	2.01
Retained Earnings	-2,926	-2,961	-2,930	-1,280	-997.95	-288.42
Comprehensive Income & Other	-8.7	16.4	62.2	-102.29	-160.06	-71.68
Total Common Equity	4,472	4,457	4,524	4,855	5,035	5,675
Minority Interest	385.4	407.2	1,473	1,903	1,936	1,843
Shareholders' Equity	5,042	5,048	6,181	6,943	7,156	7,702
Total Liabilities & Equity	14,050	14,136	16,962	18,374	17,628	16,798
Total Debt	6,717	6,560	6,729	7,508	7,534	6,247
Net Cash (Debt)	-6,661	-6,527	-6,694	-7,483	-7,476	-6,122
Net Cash Per Share	-8.62	-8.45	-9.12	-10.83	-11.03	-9.73
Filing Date Shares Outstanding	769.65	768.69	767.45	689.44	688.2	673.69
Total Common Shares Outstanding	769.46	768.35	767.34	689.27	683.61	671.96
Working Capital	52.3	5.2	-362.4	-618.84	-439.98	-425.97
Book Value Per Share	5.81	5.80	5.90	7.04	7.37	8.44
Tangible Book Value	3,083	3,067	3,142	3,459	3,618	4,368
Tangible Book Value Per Share	4.01	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