Fortis Inc

Common Name

Fortis

Country

Canada

Sector

Utilities

Industry

Utilities - Regulated Electric

Employees

9,800

Ticker

FTS

Exchange

TORONTO STOCK EXCHANGE

Website

www.fortisinc.com

Description

Fortis Inc. operates as a leading energy management and infrastructure enterprise in North America. Specializing in electric and gas utility operations, Fortis Inc. plays a crucial role in the daily e... Show more

Financial Statements of Fortis

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.

Income Statement (as reported) Balance Sheet (as reported)

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

Verified Sources Behind Fortis’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Fortis’s data sources below and access millions more through our Disclosure Search.

a. Fortis's Annual Report 2024

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Fortis Inc

Financial Statements of Fortis

Verified Sources Behind Fortis’s Financial Fundamentals Data

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