Hydro One Cash Flow Statement

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

Millions CAD. 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
Net Income	1,382	1,349	1,165	1,094	1,058	973
Depreciation & Amortization	982	966	920	866	831	815
Other Adjustments	300	330	211	214	343	291
Change in Receivables	-3	-	-	-	-	-
Changes in Inventories	2	-	-	-	-	-
Changes in Accounts Payable	-49	-	-	-	-	-
Changes in Accrued Expenses	-94	-	-	-	-	-
Changes in Unearned Revenue	9	-	-	-	-	-
Changes in Other Operating Activities	-264	50	238	238	28	70
Operating Cash Flow	2,579	2,695	2,534	2,412	2,260	2,149
Operating Cash Flow Growth	-0.12%	6.35%	5.06%	6.73%	5.17%	5.86%
Capital Expenditures	-3,035	-2,970	-2,720	-2,345	-1,966	-1,928
Purchases of Intangible Assets	-71	-80	-88	-131	-120	-143
Purchases of Investments	-220	-213	-323	-213	-28	-
Proceeds from Sale of Investments	30	-	-	-	-	-
Other Investing Activities	25	-251	1	-2	41	8
Investing Cash Flow	-3,271	-3,514	-3,130	-2,691	-2,073	-2,063
Short-Term Debt Issued	5,795	6,070	2,810	6,550	6,335	4,150
Short-Term Debt Repaid	-5,855	-6,170	-2,890	-7,650	-6,000	-3,905
Net Short-Term Debt Issued (Repaid)	-60	-100	-80	-1,100	335	245
Long-Term Debt Issued	2,698	2,698	2,781	2,375	750	900
Long-Term Debt Repaid	-1,250	-1,150	-700	-731	-603	-804
Net Long-Term Debt Issued (Repaid)	1,448	1,548	2,081	1,644	147	96
Issuance of Common Stock	-	-	-	-	3	-
Net Common Stock Issued (Repurchased)	-	-	-	-	3	-
Common Dividends Paid	-800	-788	-743	-700	-662	-629
Other Financing Activities	18	-8	-25	-16	-20	-15
Financing Cash Flow	606	652	1,233	-172	-197	-303
Net Cash Flow	-86	-167	637	-451	-10	-217
Free Cash Flow	-456	-275	-186	67	294	221
Free Cash Flow Growth	-	-	-	-77.21%	33.03%	-29.17%
FCF Margin	-4.91%	-3.04%	-2.19%	0.85%	3.78%	3.06%
Free Cash Flow Per Share	-0.76	-0.46	-0.31	0.11	0.49	0.37
Levered Free Cash Flow	-437	833	1,595	397	433	271
Unlevered Free Cash Flow	-457.66	-28.58	140.49	343.24	333.01	319.71

Updated May 13, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.