Fortis Inc. (FTS)

Fortis Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	896	625	209	131	249	370
Accounts Receivable	1,690	1,549	1,759	1,269	1,102	1,070
Other Receivables	-	78	-	-	72	35
Inventory	607	566	661	478	422	394
Prepaid Expenses	233	150	146	116	102	88
Other Current Assets	787	1,057	1,494	734	665	617
Total Current Assets	4,213	4,025	4,269	2,728	2,612	2,574
Property, Plant & Equipment	46,330	43,436	41,706	37,856	36,038	34,034
Regulatory Assets	3,767	3,518	3,095	3,097	3,118	2,958
Goodwill	12,416	12,184	12,464	11,720	11,792	12,004
Other Intangible Assets	1,555	1,510	1,548	1,343	1,291	1,260
Long-Term Investments	-	370	316	178	158	126
Other Long-Term Assets	1,361	877	854	737	472	448
Total Assets	69,642	65,920	64,252	57,659	55,481	53,404
Accounts Payable	3,098	990	886	774	707	754
Accrued Expenses	-	1,077	1,346	1,034	901	913
Short-Term Debt	97	119	253	247	132	512
Current Portion of Long-Term Debt	1,866	2,296	2,481	1,628	1,254	690
Current Portion of Leases	-	15	11	12	9	32
Current Income Taxes Payable	-	-	88	31	-	-
Other Current Liabilities	666	1,467	1,552	1,076	1,145	1,275
Total Current Liabilities	5,727	5,964	6,617	4,802	4,148	4,176
Long-Term Debt	29,708	27,235	25,931	23,707	23,113	21,501
Long-Term Leases	347	378	370	365	364	451
Pension & Post-Retirement Benefits	-	527	423	740	905	832
Long-Term Deferred Tax Liabilities	4,744	4,399	4,060	3,627	3,344	2,969
Other Long-Term Liabilities	4,723	4,085	4,009	3,502	3,323	3,362
Total Liabilities	45,249	42,588	41,410	36,743	35,197	33,291
Preferred Stock, Redeemable	1,623	1,623	1,623	1,623	1,623	1,623
Common Stock	15,466	15,108	14,656	14,237	13,819	13,645
Additional Paid-In Capital	8	9	10	10	11	11
Retained Earnings	4,433	4,112	3,733	3,458	3,210	2,916
Comprehensive Income & Other	969	653	1,008	-40	34	336
Total Common Equity	20,876	19,882	19,407	17,665	17,074	16,908
Minority Interest	1,894	1,827	1,812	1,628	1,587	1,582
Shareholders' Equity	24,393	23,332	22,842	20,916	20,284	20,113
Total Liabilities & Equity	69,642	65,920	64,252	57,659	55,481	53,404
Total Debt	32,018	30,043	29,046	25,959	24,872	23,186
Net Cash (Debt)	-31,122	-29,418	-28,837	-25,828	-24,623	-22,816
Net Cash Per Share	-63.14	-60.47	-60.20	-54.79	-52.91	-52.15
Filing Date Shares Outstanding	497.3	490.6	482.15	474.9	466.8	463.5
Total Common Shares Outstanding	497.3	490.59	482.15	474.76	466.77	463.27
Working Capital	-1,514	-1,939	-2,348	-2,074	-1,536	-1,602
Book Value Per Share	41.98	40.53	40.25	37.21	36.58	36.50
Tangible Book Value	6,905	6,188	5,395	4,602	3,991	3,644
Tangible Book Value Per Share	13.88	12.61	11.19	9.69	8.55	7.87
Land	-	435	395	339	326	318
Machinery	-	50,863	48,875	44,730	42,156	40,527
Construction In Progress	-	2,581	2,094	1,759	2,012	1,329

Source: S&P Capital IQ. Utility template. Financial Sources.