Emera Incorporated (TSX:EMA)
Canada · Delayed Price · Currency is CAD 72.64
+1.26 (1.77%)
Nov 10, 2026, 2:25 PM EST
Emera Cash Flow Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Net Income | 996 | 1,089 | 567 | 1,044 | 1,008 | 560 |
Depreciation & Amortization | 1,336 | 1,298 | 1,165 | 1,060 | 959 | 915 |
Loss (Gain) on Sale of Assets | -11 | - | - | - | - | - |
Loss (Gain) on Sale of Investments | -4 | -4 | -191 | - | - | - |
Loss (Gain) on Equity Investments | -7 | 5 | -8 | -22 | -61 | -69 |
Asset Writedown | - | 75 | 214 | - | 73 | - |
Change in Accounts Receivable | -109 | -703 | -154 | 653 | -636 | -364 |
Change in Inventory | -40 | -63 | 38 | -31 | -214 | -84 |
Change in Accounts Payable | -75 | -40 | 536 | -538 | 423 | 289 |
Change in Other Net Operating Assets | 164 | 49 | 32 | -179 | 193 | 7 |
Other Operating Activities | 390 | 96 | 447 | 254 | -832 | -69 |
Operating Cash Flow | 2,640 | 1,802 | 2,646 | 2,241 | 913 | 1,185 |
Operating Cash Flow Growth | 15.59% | -31.90% | 18.07% | 145.46% | -22.95% | -27.61% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -3,714 | -3,532 | -3,151 | -2,937 | -2,596 | -2,359 |
Sale of Property, Plant & Equipment | 17 | 48 | 7 | - | - | - |
Investment in Securities | - | - | 927 | - | - | - |
Other Investing Activities | -3 | 2 | -1 | 20 | 27 | 27 |
Investing Cash Flow | -2,559 | -3,482 | -2,218 | -2,917 | -2,569 | -2,332 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Short-Term Debt Issued | - | 598 | 56 | 548 | 1,572 | 640 |
Long-Term Debt Issued | - | 2,135 | 1,361 | 1,932 | 1,295 | 2,636 |
Total Debt Issued | 4,214 | 2,733 | 1,417 | 2,480 | 2,867 | 3,276 |
Short-Term Debt Repaid | - | -78 | - | -1,152 | -680 | -532 |
Long-Term Debt Repaid | - | -201 | -1,911 | -247 | -367 | -1,660 |
Total Debt Repaid | -3,420 | -279 | -1,911 | -1,399 | -1,047 | -2,192 |
Net Debt Issued (Repaid) | 794 | 2,454 | -494 | 1,081 | 1,820 | 1,084 |
Issuance of Common Stock | 229 | 47 | 284 | 424 | 277 | 317 |
Common Dividends Paid | -611 | -576 | -538 | -488 | -472 | -443 |
Preferred Dividends Paid | -79 | -75 | -73 | -66 | -63 | -50 |
Dividends Paid | -690 | -651 | -611 | -554 | -535 | -493 |
Other Financing Activities | -6 | -9 | 3 | -12 | -7 | -13 |
Financing Cash Flow | 327 | 1,841 | -818 | 939 | 1,555 | 1,311 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | 70 | -11 | 23 | -7 | 16 | -1 |
Net Cash Flow | 478 | 150 | -367 | 256 | -85 | 163 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | -1,074 | -1,730 | -505 | -696 | -1,683 | -1,174 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -12.19% | -19.71% | -7.01% | -9.20% | -22.18% | -20.36% |
Free Cash Flow Per Share | -3.52 | -5.77 | -1.75 | -2.54 | -6.33 | -4.56 |
Levered Free Cash Flow | -1,592 | -1,923 | -1,029 | -1,409 | -1,508 | -1,184 |
Unlevered Free Cash Flow | -907.75 | -1,259 | -401.5 | -812.88 | -1,051 | -801.75 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 Interest Paid | 1,003 | 1,003 | 989 | 930 | 699 | 603 |
Cash Income Tax Paid | 41 | 41 | 34 | 43 | 67 | 24 |
Change in Working Capital | -60 | -757 | 452 | -95 | -234 | -152 |