South Bow Corporation (TSX:SOBO)

South Bow Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023
Cash & Equivalents	390	397	262
Cash & Short-Term Investments	390	397	262
Cash Growth	-25.30%	51.53%	-
Accounts Receivable	1,151	1,253	1,404
Other Receivables	3	-	144
Receivables	1,154	1,253	1,548
Inventory	144	207	160
Restricted Cash	-	66	70
Other Current Assets	379	87	47
Total Current Assets	2,067	2,198	2,614
Property, Plant & Equipment	8,208	8,206	8,428
Long-Term Investments	726	732	813
Long-Term Deferred Tax Assets	16	16	6
Other Long-Term Assets	158	177	171
Total Assets	11,175	11,329	12,032
Accounts Payable	1,117	1,098	1,229
Accrued Expenses	114	117	93
Current Income Taxes Payable	-	-	22
Current Unearned Revenue	16	15	17
Other Current Liabilities	360	531	714
Total Current Liabilities	1,607	1,761	2,075
Long-Term Debt	5,719	5,716	5,967
Long-Term Leases	21	22	6
Long-Term Unearned Revenue	19	19	17
Long-Term Deferred Tax Liabilities	1,106	1,102	1,040
Other Long-Term Liabilities	103	92	87
Total Liabilities	8,575	8,719	9,192
Common Stock	2,200	2,196	2,968
Additional Paid-In Capital	661	661	-
Retained Earnings	-65	-49	-
Comprehensive Income & Other	-196	-198	-128
Shareholders' Equity	2,600	2,610	2,840
Total Liabilities & Equity	11,175	11,329	12,032
Total Debt	5,740	5,738	5,973
Net Cash (Debt)	-5,350	-5,341	-5,711
Net Cash Per Share	-25.66	-25.65	-27.51
Filing Date Shares Outstanding	208.22	208.04	207.6
Total Common Shares Outstanding	208.22	208.04	207.6
Working Capital	460	437	539
Book Value Per Share	12.49	12.55	13.68
Tangible Book Value	2,600	2,610	2,840
Tangible Book Value Per Share	12.49	12.55	13.68
Machinery	-	813	830
Construction In Progress	-	122	45

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.