Below are the financial statements of Fortis, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CAD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 220a | 625a |
| Accounts receivable and other current assets | 1,886a | 1,818a |
| Prepaid expenses | 182a | 150a |
| Inventories | 685a | 566a |
| Regulatory assets | 823a | 866a |
| Total current assets | 3,796a | 4,025a |
| Other assets | 1,653a | 1,298a |
| Regulatory assets | 3,808a | 3,518a |
| Property, plant and equipment, net | 49,456a | 43,385a |
| Intangible assets, net | 1,661a | 1,510a |
| Goodwill | 13,112a | 12,184a |
| Total assets | 73,486a | 65,920a |
| Liabilities and equity | — | — |
| Current liabilities | — | — |
| Short-term borrowings | 98a | 119a |
| Accounts payable and other current liabilities | 3,353a | 2,972a |
| Regulatory liabilities | 595a | 577a |
| Current installments of long-term debt | 1,990a | 2,296a |
| Total current liabilities | 6,036a | 5,964a |
| Regulatory liabilities | 3,696a | 3,381a |
| Deferred income taxes | 5,020a | 4,399a |
| Long-term debt | 31,224a | 27,235a |
| Finance leases | 343a | 339a |
| Other liabilities | 1,314a | 1,270a |
| Total liabilities | 47,633a | 42,588a |
| Equity | — | — |
| Common shares | 15,589a | 15,108a |
| Preference shares | 1,623a | 1,623a |
| Additional paid-in capital | 8a | 9a |
| Accumulated other comprehensive income | 2,067a | 653a |
| Retained earnings | 4,521a | 4,112a |
| Shareholders' equity | 23,808a | 21,505a |
| Non-controlling interests | 2,045a | 1,827a |
| Total equity | 25,853a | 23,332a |
| Total liabilities and equity | 73,486a | 65,920a |
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