Fortis 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	2017	2016	2015
Revenue	11,517	11,043	9,448	8,935	8,783	8,390	8,301	6,838	6,757
Revenue Growth (YoY)	4.29%	16.88%	5.74%	1.73%	4.68%	1.07%	21.40%	1.20%	-
Cost of Revenue	6,660	6,635	5,474	4,999	4,972	4,782	4,611	4,372	4,465
Gross Profit	4,857	4,408	3,974	3,936	3,811	3,608	3,690	2,466	2,292
Other Operating Expenses	1,773	1,668	1,505	1,428	773	1,243	1,179	983	873
Operating Expenses	1,773	1,668	1,505	1,428	773	1,243	1,179	983	873
Operating Income	3,084	2,740	2,469	2,508	3,038	2,365	2,511	1,483	1,419
Other Expense / Income	1,151	1,057	941	1,003	1,027	1,034	895	678	391
Pretax Income	1,933	1,683	1,528	1,505	2,011	1,331	1,616	805	1,028
Income Tax	360	289	234	231	289	165	588	145	223
Net Income	1,573	1,394	1,294	1,274	1,722	1,166	1,028	660	805
Preferred Dividends	67	64	63	65	67	66	65	75	77
Net Income Common	1,506	1,330	1,231	1,209	1,655	1,100	963	585	728
Net Income Growth	13.23%	8.04%	1.82%	-26.95%	50.45%	14.23%	64.62%	-19.64%	-
Shares Outstanding (Basic)	489	480	473	465	438	421	401	285	-
Shares Change	1.71%	1.56%	1.72%	6.07%	4.08%	4.89%	40.64%	-	-
EPS (Basic)	3.10	2.78	2.61	2.60	3.79	2.59	2.32	1.89	2.61
EPS (Diluted)	3.10	2.78	2.61	2.60	3.78	2.59	2.31	1.89	2.59
EPS Growth	11.51%	6.51%	0.38%	-31.22%	45.95%	12.12%	22.22%	-27.03%	-
Free Cash Flow	-408	-680	-386	-1,270	-955	-508	-166	-127	-511
Free Cash Flow Per Share	-0.83	-1.42	-0.82	-2.73	-2.18	-1.21	-0.41	-0.45	-
Dividend Per Share	1.688	1.676	1.643	1.446	1.375	1.336	1.248	0.297	-
Dividend Growth	0.72%	2.01%	13.62%	5.16%	2.92%	7.05%	320.20%	-	-
Gross Margin	42.17%	39.92%	42.06%	44.05%	43.39%	43.00%	44.45%	36.06%	33.92%
Operating Margin	26.78%	24.81%	26.13%	28.07%	34.59%	28.19%	30.25%	21.69%	21.00%
Profit Margin	13.08%	12.04%	13.03%	13.53%	18.84%	13.11%	11.60%	8.56%	10.77%
Free Cash Flow Margin	-3.54%	-6.16%	-4.09%	-14.21%	-10.87%	-6.05%	-2.00%	-1.86%	-7.56%
Effective Tax Rate	18.62%	17.17%	15.31%	15.35%	14.37%	12.40%	36.39%	18.01%	21.69%
EBITDA	3,475	3,143	2,841	2,787	3,210	2,438	2,671	1,678	1,813
EBITDA Margin	30.17%	28.46%	30.07%	31.19%	36.55%	29.06%	32.18%	24.54%	26.83%
Depreciation & Amortization	1,542	1,460	1,313	1,282	1,199	1,107	1,055	873	785
EBIT	1,933	1,683	1,528	1,505	2,011	1,331	1,616	805	1,028
EBIT Margin	16.78%	15.24%	16.17%	16.84%	22.90%	15.86%	19.47%	11.77%	15.21%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).