← Fortis Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Available to Common Stockholders, Basic $585.0m
$963.0m +64.62%
$1.1b +14.23%
$1.7b +50.45%
$1.2b -26.95%
$1.2b +1.82%
$1.3b +8.04%
$1.5b +13.23%
$1.6b +6.64%
$1.7b +6.72%
—
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $713.0m $1.1b $1.3b $1.9b $1.4b $1.4b $1.5b $1.7b $1.8b $2.0b —
Net Income (Loss) Attributable to Noncontrolling Interest $53.0m $97.0m $120.0m $130.0m $115.0m $111.0m $120.0m $137.0m $148.0m $162.0m —
Depreciation, Depletion and Amortization $983.0m $1.2b $1.2b $1.4b $1.4b $1.5b $1.7b $1.8b $1.9b $2.1b $2.1b
Amortization of Intangible Assets $79.0m $97.0m $106.0m $125.0m $131.0m $136.0m $145.0m $150.0m $153.0m $160.0m —
Depreciation $873.0m $1.1b $1.1b $1.2b $1.3b $1.3b $1.5b $1.5b $1.7b $1.8b $1.8b
Deferred Income Tax Expense (Benefit) $98.0m $544.0m $136.0m $247.0m $226.0m $147.0m $182.0m $272.0m $154.0m $252.0m $319.0m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 —
Income (Loss) from Equity Method Investments — — — — $20.0m $7.0m — — $14.0m $15.0m —
Nonoperating Income (Expense) $53.0m — $60.0m $138.0m $154.0m $173.0m $165.0m $291.0m $288.0m $340.0m —
Other Nonoperating Income (Expense) $2.0m $9.0m ($17.0m) $20.0m $30.0m $9.0m $19.0m $13.0m $8.0m $1.0m —
Changes in operating assets and liabilities:
Increase (Decrease) in Inventories ($17.0m) $6.0m $8.0m $13.0m $36.0m $56.0m $153.0m $1.0m $73.0m $45.0m ($23.0m)
Net Cash Provided by (Used in) Operating Activities $1.9b
$2.8b +46.28%
$2.6b -5.52%
$2.7b +2.27%
$2.7b +1.43%
$2.9b +7.63%
$3.1b +5.74%
$3.5b +15.32%
$3.9b +9.51%
$4.1b +4.64%
$4.3b +5.29%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.9b $2.8b $3.0b $3.5b $3.9b $3.2b $3.6b $4.0b $5.0b $5.9b ($6.4b)
Gain (Loss) on Disposition of Property Plant Equipment $0 $1.1b $1.1b $1.2b $1.3b $1.3b $1.5b $1.5b $1.7b $1.8b —
Unrealized Gain (Loss) on Investments — — — — — — — $8.0m — — —
Payments to Acquire Businesses, Net of Cash Acquired $4.8b $0 — — — — — — — — $0
Payments for (Proceeds from) Other Investing Activities — $109.0m $140.0m $145.0m $161.0m $195.0m $205.0m $219.0m $283.0m $350.0m —
Net Cash Provided by (Used in) Investing Activities ($6.9b) ($3.0b) ($3.3b) ($2.8b) ($4.1b) ($3.5b) ($4.1b) ($3.7b) ($5.4b) ($5.4b) ($5.1b)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $4.1b $2.5b $1.6b $937.0m $3.5b $1.3b $3.1b $2.8b $3.1b $2.7b $15.2b
Gain (Loss) on Extinguishment of Debt — — — $11.0m $0 — — — — — —
Payments of Ordinary Dividends, Common Stock $316.0m $419.0m $459.0m $494.0m $786.0m $608.0m $673.0m $701.0m $744.0m $788.0m ($912.0m)
Proceeds from Issuance of Common Stock $45.0m $61.0m $34.0m $1.4b $58.0m $60.0m $53.0m $43.0m $46.0m $60.0m $58.0m
Dividends Payable, Current $166.0m $185.0m $199.0m $228.0m $241.0m $259.0m $278.0m $295.0m $314.0m $332.0m —
Proceeds from (Payments for) Other Financing Activities — ($8.0m) $36.0m $11.0m $30.0m ($18.0m) ($5.0m) $6.0m $2.0m $15.0m —
Net Cash Provided by (Used in) Financing Activities $5.0b
$339.0m -93.29%
$644.0m +89.97%
$154.0m -76.09%
$1.3b +761.69%
$451.0m -66.01%
$1.0b +129.49%
$613.0m -40.77%
$1.1b +73.57%
$1.5b +37.31%
$1.0b -31.55%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($16.0m) ($12.0m) $24.0m $23.0m ($121.0m) ($118.0m) $78.0m $416.0m ($405.0m) $147.0m $364.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $370.0m $249.0m $131.0m $209.0m $625.0m $220.0m $367.0m $364.0m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($16.0m) ($12.0m) $24.0m ($26.0m) ($17.0m) $12.0m $28.0m $0 $44.0m ($19.0m) $20.0m
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities ($53.0m) ($109.0m) $969.0m $1.0b $1.0b $986.0m $1.1b $1.3b $1.4b $1.5b —
Income Taxes Paid, Net — — — — ($26.0m) ($13.0m) $79.0m $129.0m ($17.0m) $30.0m —
Additional Financial Items
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — $577.0m $0 — — $23.0m $0 ($32.0m) —
Foreign Currency Transaction Gain (Loss), before Tax $0 $26.0m $0 — — — — — ($10.0m) $13.0m —
Foreign Currency Transaction Gain (Loss), Unrealized — $21.0m — — — — — — — — —
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — — — — — $46.0m —
Gain (Loss) on Disposition of Business — — — $583.0m $0 — — — — — —
Gain (Loss) on Sale of Derivatives — — — $17.0m $13.0m $30.0m ($17.0m) $9.0m $0 — —
Gain (Loss) on Sale of Properties $0 — — — — — — — — — —
Goodwill $12.4b $11.6b $12.5b $12.0b $11.8b $11.7b $12.5b $12.2b $13.1b $12.5b —
Income Tax Expense (Benefit) $145.0m $588.0m $165.0m $289.0m $231.0m $234.0m $289.0m $360.0m $346.0m $393.0m —
Interest Expense Nonoperating — — — — — — — — $1.4b $1.5b —
Investment Income, Interest $7.0m $14.0m $15.0m $16.0m $13.0m — — — — — —
Operating Expenses $2.0b $2.3b $2.3b $2.5b $2.4b $2.5b $2.7b $2.9b $3.0b $3.2b —
Proceeds from Noncontrolling Interests $1.4b $4.0m — — — — — — — — —
Proceeds from Stock Options Exercised $28.0m $40.0m $12.0m $51.0m $32.0m $32.0m $26.0m $13.0m $15.0m $28.0m —
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity $37.0m $74.0m $64.0m $74.0m $78.0m $77.0m $78.0m $101.0m $139.0m $174.0m —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.