Below are the financial statements of South Bow, 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 USD | 2024 | 2023 |
---|---|---|
Current assets | — | — |
Cash and cash equivalents | 397a | 262a |
Accounts receivable | 1,190a | 1,344a |
Inventories | 207a | 160a |
Environmental provision recovery | 0a | 141a |
Contractual recoveries | 63a | 63a |
Other current assets | 341a | 644a |
Total current assets | 2,198a | 2,614a |
Assets | — | — |
Plant, property and equipment | 8,206a | 8,428a |
Equity investments | 732a | 813a |
Deferred tax assets | 16a | 6a |
Other long-term assets | 177a | 171a |
Total assets | 11,329a | 12,032a |
Current liabilities | — | — |
Accounts payable and other | 1,544a | 2,075a |
Dividends payable | 104a | 0a |
Accrued interest | 113a | 0a |
Total current liabilities | 1,761a | 2,075a |
Liabilities | — | — |
Other long-term liabilities | 140a | 110a |
Senior unsecured notes | 4,629a | 0a |
Junior subordinated notes | 1,087a | 0a |
Long-term debt due to Former Parent | 0a | 5,967a |
Deferred income tax liabilities | 1,102a | 1,040a |
Total liabilities | 8,719a | 9,192a |
Shareholders' equity | — | — |
Common shares (2024 - 208 million shares, 2023 - nil) | 2,196a | 0a |
Former Parent's net investment | 0a | 2,968a |
Additional paid-in capital | 661a | 0a |
Retained deficit | -49a | 0a |
Accumulated other comprehensive loss | -198a | -128a |
Total shareholders' equity | 2,610a | 2,840a |
Total liabilities and shareholders' equity | 11,329a | 12,032a |
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