Hydro One Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 2005
Revenue	7,844	7,780	7,225	7,290	6,480	Upgrade
Revenue Growth (YoY)	0.82%	7.68%	-0.89%	12.50%	5.37%	Upgrade
Cost of Revenue	6,002	4,982	4,691	4,924	4,292	Upgrade
Gross Profit	1,842	2,798	2,534	2,366	2,188	Upgrade
Other Operating Expenses	-14	798	785	760	752	Upgrade
Operating Expenses	996	798	785	760	752	Upgrade
Operating Income	1,842	1,955	1,721	1,575	1,376	Upgrade
Interest Income	12	7	3	5	7	Upgrade
Interest Expense	656	477	451	456	457	Upgrade
Other Expense / Income	-65	147	130	121	136	Upgrade
Pretax Income	1,272	1,346	1,151	1,011	796	Upgrade
Income Tax	178	288	178	-785	-6	Upgrade
Net Income	1,085	1,050	965	1,788	796	Upgrade
Net Income Growth	3.33%	8.81%	-46.03%	124.62%	-	Upgrade
Shares Outstanding (Basic)	599	599	598	597	596	Upgrade
Shares Outstanding (Diluted)	601	601	600	600	599	Upgrade
Shares Change	-0.01%	0.04%	0.07%	0.18%	0.16%	Upgrade
EPS (Basic)	1.81	1.75	1.61	2.96	1.30	Upgrade
EPS (Diluted)	1.81	1.75	1.61	2.95	1.30	Upgrade
EPS Growth	3.43%	8.70%	-45.42%	126.92%	-	Upgrade
Free Cash Flow	-64	174	78	186	-14	Upgrade
Free Cash Flow Per Share	-0.11	0.29	0.13	0.31	-0.02	Upgrade
Gross Margin	23.48%	35.96%	35.07%	32.46%	33.77%	Upgrade
Operating Margin	23.48%	25.13%	23.82%	21.60%	21.23%	Upgrade
Profit Margin	13.83%	13.50%	13.36%	24.53%	12.28%	Upgrade
Free Cash Flow Margin	-0.82%	2.24%	1.08%	2.55%	-0.22%	Upgrade
Effective Tax Rate	13.99%	21.40%	15.46%	-77.65%	-0.75%	Upgrade
EBITDA	2,838	2,753	2,506	2,335	2,128	Upgrade
EBITDA Margin	36.18%	35.39%	34.69%	32.03%	32.84%	Upgrade
Depreciation & Amortization	996	798	785	760	752	Upgrade
EBIT	1,842	1,955	1,721	1,575	1,376	Upgrade
EBIT Margin	23.48%	25.13%	23.82%	21.60%	21.23%	Upgrade

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.