Balance Sheet Emera Incorporated

Equities

EMA

CA2908761018

Electric Utilities

Market Closed - Toronto S.E. Other stock markets 16:16:54 2024-09-11 EDT			5-day change	1st Jan Change
51.38 ^CAD	+0.27%		-0.14%	+2.15%

08-23	National Bank of Canada Makes Additions to Top Picks List for Pipelines, Utilities, Energy Infrastructure	MT
08-09	Emera Maintained at Sector Perform with a $49.00 Price Target at National Bank of Canada	MT

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Published financial data: EMERA INCORPORATED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	6.11B	5.51B	5.76B	7.59B	7.56B
Total Revenues	6.11B	5.51B	5.76B	7.59B	7.56B
Fuel & Purchased Power	1.68B	1.42B	1.76B	2.17B	1.88B
Operations And Maintenance	1.46B	1.42B	1.36B	1.58B	1.87B
Selling General & Admin Expenses, Total	-	-	8M	7M	8M
Depreciation & Amortization - (IS) - (Collected)	903M	881M	902M	952M	1.05B
Other Operating Expenses	692M	627M	799M	1.15B	930M
Total Operating Expenses	4.73B	4.35B	4.83B	5.86B	5.73B
Operating Income (REIT / Utility Template)	1.38B	1.16B	938M	1.72B	1.83B
Interest Expense, Total	-738M	-679M	-611M	-709M	-954M
Interest and Investment Income	-	-	-	-	56M
Net Interest Expenses	-738M	-679M	-611M	-709M	-898M
Income (Loss) on Equity Invest.	154M	149M	143M	129M	146M
Currency Exchange Gains (Loss)	-	13M	3M	-24M	20M
Allowance For Equity Funds Used During Construction	-	-	61M	52M	38M
Allowance For Borrowed Funds Used During Construction	-	-	-	-	16M
Other Non Operating Income (Expenses)	10M	75M	21M	95M	22M
EBT, Excl. Unusual Items	805M	716M	555M	1.27B	1.17B
Total Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-73M	-
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	585M	-	-	-
Asset Writedown	-	-25M	-	-	-
Legal Settlements	-	49M	-	-	-
Other Unusual Items	-34M	-	-	-	-
EBT, Incl. Unusual Items	771M	1.32B	555M	1.19B	1.17B
Income Tax Expense	61M	341M	-6M	185M	128M
Earnings From Continuing Operations	710M	984M	561M	1.01B	1.04B
Net Income to Company	710M	984M	561M	1.01B	1.04B
Minority Interest	-2M	-1M	-1M	-1M	-1M
Net Income - (IS)	708M	983M	560M	1.01B	1.04B
Preferred Dividend and Other Adjustments	45.2M	45.4M	49.5M	62.9M	66.3M
Net Income to Common Incl Extra Items	663M	938M	510M	945M	978M
Net Income to Common Excl. Extra Items	663M	938M	510M	945M	978M
Per Share Items
Net EPS - Basic	2.76	3.78	1.98	3.56	3.57
Basic EPS - Continuing Operations	2.76	3.78	1.98	3.56	3.57
Basic Weighted Average Shares Outstanding	240M	248M	257M	266M	274M
Net EPS - Diluted	2.76	3.78	1.98	3.55	3.57
Diluted EPS - Continuing Operations	2.76	3.78	1.98	3.55	3.57
Diluted Weighted Average Shares Outstanding	240M	248M	258M	266M	274M
Normalized Basic EPS	2.09	1.8	1.34	2.98	2.68
Normalized Diluted EPS	2.08	1.8	1.34	2.97	2.67
Dividend Per Share	2.38	2.48	2.58	2.68	2.79
Payout Ratio	59.75	46.19	88.04	53.08	53.07
Supplemental Items
Utility Revenues	5.85B	5.48B	5.93B	7.15B	7.24B
Non Utility Revenues	261M	30M	-161M	434M	328M
EBITDA	2.25B	2.06B	1.85B	2.68B	2.89B
EBITA	1.39B	1.17B	948M	1.73B	1.84B
EBIT	1.38B	1.16B	938M	1.72B	1.83B
EBITDAR	2.27B	2.07B	1.86B	2.69B	2.9B
Total Revenues (As Reported)	6.11B	5.51B	5.76B	7.59B	7.56B
Effective Tax Rate - (Ratio)	7.91	25.74	-1.08	15.49	10.91
Current Domestic Taxes	-19M	18M	20M	25M	26M
Current Foreign Taxes	-45M	-58M	11M	8M	5M
Total Current Taxes	-64M	-40M	31M	33M	31M
Deferred Domestic Taxes	45M	20M	-33M	120M	93M
Deferred Foreign Taxes	137M	417M	120M	252M	128M
Total Deferred Taxes	182M	437M	87M	372M	221M
Normalized Net Income	501M	446M	346M	791M	732M
Interest Capitalized	-	-	-	-	16M
Interest on Long-Term Debt	156M	149M	142M	-	-
Non-Cash Pension Expense	-9M	-18M	-20M	-33M	-41M
Supplemental Operating Expense Items
Net Rental Expense, Total	16M	11M	8M	7M	8M
Imputed Operating Lease Interest Expense	5.83M	3.83M	2.45M	2.23M	3.19M
Imputed Operating Lease Depreciation	10.17M	7.17M	5.55M	4.77M	4.81M
Stock-Based Comp., COGS (Total)	2M	3M	5M	5M	5M
Stock-Based Comp., Other (Total)	58M	33M	29M	33M	23M
Total Stock-Based Compensation	60M	36M	34M	38M	28M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	222M	220M	394M	310M	567M
Accounts Receivable, Total	969M	834M	1.06B	1.5B	1.15B
Other Receivables	190M	11M	8M	171M	10M
Accounts Receivable (Summary Subtotal)	1.16B	845M	1.07B	1.67B	1.16B
Inventory - (Utility Template)	467M	453M	538M	769M	790M
Prepaid Expenses	48M	50M	65M	82M	105M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	51M	34M	23M	22M	21M
Other Current Assets, Total	539M	576M	1.04B	2.04B	1.06B
Total Current Assets	2.49B	2.18B	3.14B	4.9B	3.71B
Gross Property Plant And Equipment	26.53B	28.31B	29.15B	32.63B	34.42B
Accumulated Depreciation	-8.3B	-8.71B	-8.74B	-9.57B	-9.99B
Net Property Plant And Equipment	18.23B	19.6B	20.41B	23.05B	24.43B
Regulatory Assets	1.43B	1.42B	2.31B	3.02B	2.77B
Goodwill	5.84B	5.72B	5.7B	6.01B	5.87B
Other Intangibles, Total	-	-	-	-	-
Long-Term Investments - (Utility Template)	1.31B	1.35B	1.38B	1.42B	1.4B
Accounts Receivable Long-Term	511M	517M	503M	604M	621M
Loans Receivable Long-Term - (Utility Template)	-	-	-	-	-
Deferred Tax Assets Long-Term (Collected)	186M	209M	295M	237M	208M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	1.85B	249M	508M	503M	474M
Total Assets	31.84B	31.23B	34.24B	39.74B	39.48B
Liabilities
Accounts Payable, Total	1.12B	1.15B	1.48B	2.02B	1.45B
Accrued Expenses, Total	259M	241M	265M	318M	313M
Short-Term Borrowings	1.54B	1.62B	1.74B	2.73B	1.43B
Current Portion of Long-Term Debt	501M	1.38B	462M	574M	676M
Current Portion of Leases	5M	3M	3M	3M	3M
Current Income Taxes Payable	1M	1M	6M	9M	2M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	745M	475M	915M	1.63B	663M
Total Current Liabilities	4.17B	4.88B	4.88B	7.29B	4.54B
Long-Term Debt	13.68B	12.34B	14.2B	15.74B	17.69B
Long-Term Leases	61M	60M	59M	59M	55M
Pension & Other Post Retirement Benefits	460M	453M	370M	281M	265M
Deferred Tax Liability Non-Current	1.28B	1.63B	1.87B	2.2B	2.35B
Other Non Current Liabilities, Total	3.59B	2.64B	2.72B	2.73B	2.49B
Total Liabilities	23.24B	22B	24.09B	28.3B	27.39B
Preferred Stock Redeemable	1B	1B	1.42B	1.42B	1.42B
Total Preferred Equity	1B	1B	1.42B	1.42B	1.42B
Common Stock, Total	6.22B	6.7B	7.24B	7.76B	8.46B
Additional Paid In Capital	78M	79M	79M	81M	82M
Retained Earnings	1.17B	1.5B	1.35B	1.58B	1.8B
Comprehensive Income and Other	95M	-79M	25M	578M	305M
Total Common Equity	7.56B	8.2B	8.69B	10B	10.65B
Minority Interest	35M	34M	34M	14M	14M
Total Equity	8.6B	9.24B	10.15B	11.44B	12.09B
Total Liabilities And Equity	31.84B	31.23B	34.24B	39.74B	39.48B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	243M	252M	261M	271M	286M
ECS Total Common Shares Outstanding	242M	251M	261M	270M	284M
Book Value / Share	31.19	32.61	33.3	37.06	37.49
Tangible Book Value	1.73B	2.48B	3B	3.99B	4.78B
Tangible Book Value Per Share	7.12	9.86	11.48	14.79	16.83
Total Debt	15.78B	15.41B	16.46B	19.11B	19.86B
Net Debt	15.56B	15.19B	16.07B	18.8B	19.29B
Debt Equivalent of Unfunded Proj. Benefit Obligation	229M	154M	-78M	-5M	-25M
Debt Equivalent Oper. Leases	128M	88M	64M	56M	64M
Minority Interest, Total (Incl. Fin. Div)	35M	34M	34M	14M	14M
Equity Method Investments, Total	1.31B	1.35B	1.38B	1.42B	1.4B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	467M	453M	538M	769M	790M
Inventories - Others	-	-	-	-	-
Machinery, Total	24.87B	25.89B	26.87B	30.58B	32.27B
Full Time Employees	-	-	-	7.12K	7.37K
Accumulated Allowance for Doubtful Accounts (Supple)	9M	22M	21M	17M	15M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	708M	983M	560M	1.01B	1.04B
Depreciation, Depletion & Amortization	865M	890M	905M	950M	1.05B
Amortization of Goodwill and Intangible Assets - (CF)	7M	9M	10M	9M	9M
Total Depreciation, Depletion & Amortization	872M	899M	915M	959M	1.06B
Amortization of Deferred Charges, Total	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	39M	-603M	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Total Asset Writedown	34M	25M	-	73M	-
(Income) Loss On Equity Investments - (CF)	-83M	-76M	-69M	-61M	-22M
Change in Accounts Receivable	154M	187M	-364M	-636M	653M
Change In Inventories	-19M	6M	-84M	-214M	-31M
Change in Accounts Payable	-137M	55M	289M	423M	-538M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	-71M	-31M	7M	193M	-179M
Other Operating Activities	28M	192M	-69M	-832M	254M
Cash from Operations	1.52B	1.64B	1.18B	913M	2.24B
Capital Expenditure	-2.5B	-2.62B	-2.36B	-2.6B	-2.94B
Sale of Property, Plant, and Equipment	875M	1.4B	3M	-	-
Cash Acquisitions	-	-	-	-	-
Purchase / Sale of Intangible Assets	-	-	-	-	-
Contributions to Nuclear Decommissioning Trust	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-3M	-	-	-	-
Other Investing Activities, Total	6M	-2M	24M	27M	20M
Cash from Investing	-1.62B	-1.22B	-2.33B	-2.57B	-2.92B
Short Term Debt Issued, Total	413M	784M	640M	1.57B	548M
Long-Term Debt Issued, Total	1.07B	428M	2.64B	1.3B	1.93B
Total Debt Issued	1.48B	1.21B	3.28B	2.87B	2.48B
Short Term Debt Repaid, Total	-	-688M	-532M	-680M	-1.15B
Long-Term Debt Repaid, Total	-1.22B	-716M	-1.66B	-367M	-247M
Total Debt Repaid	-1.22B	-1.4B	-2.19B	-1.05B	-1.4B
Issuance of Common Stock	203M	285M	317M	277M	424M
Issuance of Preferred Stock	-	-	416M	-	-
Common Dividends Paid	-378M	-409M	-443M	-472M	-488M
Preferred Dividends Paid	-45M	-45M	-50M	-63M	-66M
Common & Preferred Stock Dividends Paid	-423M	-454M	-493M	-535M	-554M
Other Financing Activities, Total	-24M	-11M	-13M	-7M	-12M
Cash from Financing	14M	-372M	1.31B	1.56B	939M
Foreign Exchange Rate Adjustments	-20M	-61M	-1M	16M	-7M
Net Change in Cash	-98M	-20M	163M	-85M	256M
Supplemental Items
Cash Interest Paid	750M	679M	603M	699M	930M
Cash Income Tax Paid (Refund)	-107M	-148M	24M	67M	43M
Net Debt Issued / Repaid	258M	-192M	1.08B	1.82B	1.08B
Levered Free Cash Flow	-1.04B	-1.34B	-1.18B	-1.5B	-1.41B
Unlevered Free Cash Flow	-574M	-916M	-802M	-1.05B	-813M
Change In Net Working Capital	-127M	-48M	-22M	531M	107M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.69	2.29	1.79	2.91	2.89
Return on Total Capital	3.49	2.95	2.29	3.77	3.66
Return On Equity %	8.37	11.03	5.79	9.35	8.88
Ret