Fortis Inc. (FTS)

Fortis Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	1,931	1,828	1,710	1,514	1,294	1,274
Depreciation & Amortization	2,007	1,927	1,773	1,668	1,505	1,428
Change in Accounts Receivable	17	-2	142	-479	-88	-84
Change in Inventory	-91	-73	-1	-153	-56	-36
Change in Accounts Payable	422	115	-390	449	164	-100
Change in Other Net Operating Assets	-78	29	68	-134	-168	-214
Other Operating Activities	109	58	243	209	256	433
Operating Cash Flow	4,317	3,882	3,545	3,074	2,907	2,701
Operating Cash Flow Growth	32.10%	9.51%	15.32%	5.75%	7.63%	1.43%
Capital Expenditures	-5,839	-5,012	-3,986	-3,587	-3,189	-3,857
Divestitures	-	-	454	-	-	-
Sale (Purchase) of Intangibles	-241	-206	-183	-278	-197	-182
Investment in Securities	-27	-	-24	-100	-	-
Other Investing Activities	63	-177	-3	-94	-102	-93
Investing Cash Flow	-6,044	-5,395	-3,742	-4,059	-3,488	-4,132
Short-Term Debt Issued	-	-	-	-	115	-
Long-Term Debt Issued	-	11,742	10,027	9,718	6,406	9,118
Total Debt Issued	14,394	11,742	10,027	9,718	6,521	9,118
Short-Term Debt Repaid	-	-25	-126	-21	-	-413
Long-Term Debt Repaid	-	-9,773	-8,486	-7,907	-5,383	-6,550
Total Debt Repaid	-12,140	-9,798	-8,612	-7,928	-5,383	-6,963
Net Debt Issued (Repaid)	2,254	1,944	1,415	1,790	1,138	2,155
Issuance of Common Stock	59	46	43	53	60	58
Common Dividends Paid	-764	-744	-701	-673	-608	-786
Preferred Dividends Paid	-79	-74	-67	-64	-63	-65
Dividends Paid	-843	-818	-768	-737	-671	-851
Other Financing Activities	-93	-108	-77	-71	-76	-35
Financing Cash Flow	1,377	1,064	613	1,035	451	1,327
Foreign Exchange Rate Adjustments	10	44	-	28	12	-17
Net Cash Flow	-340	-405	416	78	-118	-121
Free Cash Flow	-1,522	-1,130	-441	-513	-282	-1,156
Free Cash Flow Margin	-12.82%	-9.82%	-3.83%	-4.64%	-2.99%	-12.94%
Free Cash Flow Per Share	-3.05	-2.28	-0.91	-1.07	-0.60	-2.48
Cash Interest Paid	1,361	1,361	1,255	1,057	986	1,027
Cash Income Tax Paid	-	-17	129	79	-13	-26
Levered Free Cash Flow	-2,315	-1,814	-892.38	-1,609	-933	-1,971
Unlevered Free Cash Flow	-1,355	-888.88	-41.75	-892	-281.75	-1,294
Change in Working Capital	270	69	-181	-317	-148	-434

Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q