Enbridge Inc. (TSX:ENB)
Canada · Delayed Price · Currency is CAD 66.14
-1.19 (-1.77%)
Nov 6, 2026, 4:00 PM EST
Enbridge 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 | 6,734 | 7,491 | 5,441 | 6,191 | 3,003 | 6,189 |
Depreciation & Amortization | 5,816 | 5,661 | 5,167 | 4,613 | 4,317 | 3,852 |
Loss (Gain) From Sale of Assets | - | - | - | - | - | -319 |
Asset Writedown & Restructuring Costs | 240 | 570 | 190 | 419 | 3,006 | - |
Loss (Gain) From Sale of Investments | - | - | -1,091 | - | -1,076 | - |
Loss (Gain) on Equity Investments | -166 | -158 | -183 | 182 | -229 | 30 |
Other Operating Activities | 1,272 | 111 | 3,209 | 485 | 2,221 | 970 |
Change in Accounts Receivable | -519 | -519 | -1,661 | 1,143 | -555 | -1,068 |
Change in Inventory | -166 | -166 | 177 | 763 | -599 | -118 |
Change in Accounts Payable | 383 | 383 | 1,375 | -1,608 | 601 | 704 |
Change in Other Net Operating Assets | -1,327 | -1,103 | -24 | 2,013 | 541 | -984 |
Operating Cash Flow | 12,267 | 12,270 | 12,600 | 14,201 | 11,230 | 9,256 |
Operating Cash Flow Growth | -4.32% | -2.62% | -11.27% | 26.46% | 21.33% | -5.37% |
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 | -11,885 | -8,973 | -6,711 | -4,654 | -4,647 | -7,818 |
Cash Acquisitions | - | - | -13,472 | -954 | -828 | -3,785 |
Divestitures | - | - | - | - | - | 1,263 |
Sale (Purchase) of Intangibles | -207 | -192 | -219 | -222 | -174 | -275 |
Investment in Securities | -776 | -1,292 | 93 | -125 | 244 | -107 |
Other Investing Activities | -33 | -46 | -54 | -88 | 135 | 65 |
Investing Cash Flow | -12,901 | -10,503 | -20,363 | -6,043 | -5,270 | -10,657 |
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 | - | 542 | 228 | 71 | 481 | 394 |
Long-Term Debt Issued | - | 12,252 | 16,095 | 15,377 | 7,547 | 10,992 |
Total Debt Issued | 11,633 | 12,794 | 16,323 | 15,448 | 8,028 | 11,386 |
Short-Term Debt Repaid | - | - | - | -1,596 | - | - |
Long-Term Debt Repaid | - | -6,849 | -6,633 | -12,976 | -5,531 | -2,264 |
Total Debt Repaid | -1,815 | -6,849 | -6,633 | -14,572 | -5,531 | -2,264 |
Net Debt Issued (Repaid) | 9,818 | 5,945 | 9,690 | 876 | 2,497 | 9,122 |
Issuance of Common Stock | 2,913 | 28 | 2,485 | 4,450 | 3 | 5 |
Repurchase of Common Stock | - | - | - | -125 | -151 | - |
Preferred Dividends Paid | -427 | -419 | -387 | -352 | -338 | -367 |
Common Dividends Paid | -8,411 | -8,220 | -7,875 | -7,276 | -6,968 | -6,766 |
Dividends Paid | -8,838 | -8,639 | -8,262 | -7,628 | -7,306 | -7,133 |
Other Financing Activities | 182 | 266 | -369 | -437 | 532 | -758 |
Financing Cash Flow | 4,075 | -2,400 | 3,544 | -2,864 | -5,428 | 1,236 |
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 | 50 | -47 | 234 | -216 | 55 | -5 |
Net Cash Flow | 3,491 | -680 | -3,985 | 5,078 | 587 | -170 |
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 | 382 | 3,297 | 5,889 | 9,547 | 6,583 | 1,438 |
Free Cash Flow Growth | -91.18% | -44.01% | -38.32% | 45.02% | 357.79% | -67.14% |
Free Cash Flow Margin | 0.43% | 5.06% | 11.01% | 21.87% | 12.35% | 3.06% |
Free Cash Flow Per Share | 0.17 | 1.51 | 2.73 | 4.64 | 3.24 | 0.71 |
Levered Free Cash Flow | -2,064 | -239.25 | 3,757 | 3,947 | 2,878 | -1,559 |
Unlevered Free Cash Flow | 1,006 | 2,900 | 6,519 | 6,329 | 4,864 | 100 |
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 | 4,924 | 4,924 | 4,134 | 3,380 | 2,920 | 2,427 |
Cash Income Tax Paid | 1,207 | 1,207 | 861 | 578 | 495 | 489 |
Change in Working Capital | -1,629 | -1,405 | -133 | 2,311 | -12 | -1,466 |