Fortis Inc. (TSX:FTS)

Fortis Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	389	220	625	209	131	249
Accounts Receivable	1,622	1,669	1,549	1,759	1,269	1,102
Other Receivables	-	-	78	-	-	72
Inventory	655	685	566	661	478	422
Prepaid Expenses	238	182	150	146	116	102
Other Current Assets	752	1,040	1,057	1,494	734	665
Total Current Assets	3,656	3,796	4,025	4,269	2,728	2,612
Property, Plant & Equipment	50,562	49,520	43,436	41,706	37,856	36,038
Regulatory Assets	4,097	3,808	3,518	3,095	3,097	3,118
Goodwill	12,686	13,112	12,184	12,464	11,720	11,792
Other Intangible Assets	1,708	1,661	1,510	1,548	1,343	1,291
Long-Term Investments	-	484	417	316	178	158
Other Long-Term Assets	1,794	1,105	830	854	737	472
Total Assets	74,503	73,486	65,920	64,252	57,659	55,481
Accounts Payable	2,993	1,121	990	886	774	707
Accrued Expenses	-	1,162	1,077	1,346	1,034	901
Short-Term Debt	294	98	119	253	247	132
Current Portion of Long-Term Debt	1,685	1,990	2,296	2,481	1,628	1,254
Current Portion of Leases	-	21	15	11	12	9
Current Income Taxes Payable	-	33	-	88	31	-
Other Current Liabilities	537	1,611	1,467	1,552	1,076	1,145
Total Current Liabilities	5,509	6,036	5,964	6,617	4,802	4,148
Long-Term Debt	32,091	31,224	27,235	25,931	23,707	23,113
Long-Term Leases	349	390	378	370	365	364
Pension & Post-Retirement Benefits	-	446	527	423	740	905
Long-Term Deferred Tax Liabilities	5,155	5,020	4,399	4,060	3,627	3,344
Other Long-Term Liabilities	5,146	4,517	4,085	4,009	3,502	3,323
Total Liabilities	48,250	47,633	42,588	41,410	36,743	35,197
Preferred Stock, Redeemable	1,623	1,623	1,623	1,623	1,623	1,623
Common Stock	15,980	15,589	15,108	14,656	14,237	13,819
Additional Paid-In Capital	4	8	9	10	10	11
Retained Earnings	5,195	4,521	4,112	3,733	3,458	3,210
Comprehensive Income & Other	1,399	2,067	653	1,008	-40	34
Total Common Equity	22,578	22,185	19,882	19,407	17,665	17,074
Minority Interest	2,052	2,045	1,827	1,812	1,628	1,587
Shareholders' Equity	26,253	25,853	23,332	22,842	20,916	20,284
Total Liabilities & Equity	74,503	73,486	65,920	64,252	57,659	55,481
Total Debt	34,419	33,723	30,043	29,046	25,959	24,872
Net Cash (Debt)	-34,030	-33,503	-29,418	-28,837	-25,828	-24,623
Net Cash Per Share	-67.83	-67.66	-60.47	-60.20	-54.79	-52.91
Filing Date Shares Outstanding	505.4	499.3	490.6	482.15	474.9	466.8
Total Common Shares Outstanding	505.4	499.3	490.59	482.15	474.76	466.77
Working Capital	-1,853	-2,240	-1,939	-2,348	-2,074	-1,536
Book Value Per Share	44.67	44.43	40.53	40.25	37.21	36.58
Tangible Book Value	8,184	7,412	6,188	5,395	4,602	3,991
Tangible Book Value Per Share	16.19	14.84	12.61	11.19	9.69	8.55
Land	-	490	435	395	339	326
Machinery	-	56,996	50,863	48,875	44,730	42,156
Construction In Progress	-	3,578	2,581	2,094	1,759	2,012

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