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 billions of CAD | 2024 | 2023 |
|---|---|---|
| Revenue | 11.51a | 11.52a |
| Expenses | — | — |
| Energy supply costs | -3.25a | -3.77a |
| Operating expenses | -3.04a | -2.89a |
| Depreciation and amortization | -1.93a | -1.77a |
| Total expenses | -8.22a | -8.43a |
| Operating income | 3.29a | 3.08a |
| Other income, net | 0.29a | 0.29a |
| Finance charges | -1.41a | -1.31a |
| Earnings before income tax expense | 2.17a | 2.07a |
| Income tax expense | -0.35a | -0.36a |
| Net earnings | 1.83a | 1.71a |
| Net earnings attributable to | — | — |
| Non-controlling interests | 0.15a | 0.14a |
| Preference equity shareholders | 0.07a | 0.07a |
| Common equity shareholders | 1.61a | 1.51a |
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