AltaGas Ltd.

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Total Revenue	12.4B	13.0B	14.1B	10.6B
Operating Revenue	12.2B	12.4B	13.6B	10.3B
Cost Of Revenue	9.2B	10.1B	11.1B	7.7B
Gross Profit	3.2B	2.9B	2.9B	2.9B
Selling General And Administration	-141.0M	-57.0M	-74.0M	-64.0M
General And Administrative Expense	-141.0M	-57.0M	-74.0M	-64.0M
Depreciation And Amortization In Income Statement	475.0M	441.0M	439.0M	422.0M
Other Operating Expenses	1.8B	1.6B	1.6B	1.5B
Operating Expense	2.2B	2.0B	1.9B	1.9B
Operating Income	1.1B	911.0M	1.0B	961.0M
EBIT	1.2B	1.3B	1.0B	721.0M
Interest Expense	455.0M	394.0M	330.0M	275.0M
Interest Expense Non Operating	455.0M	394.0M	330.0M	275.0M
Interest Income	13.0M	10.0M	17.0M	11.0M
Interest Income Non Operating	13.0M	10.0M	17.0M	11.0M
Net Interest Income	-442.0M	-384.0M	-313.0M	-264.0M
Other Income Expense	96.0M	385.0M	26.0M	-251.0M
Other Non Operating Income Expenses	7.0M	3.0M	74.0M	64.0M
Special Income Charges	16.0M	333.0M	3.0M	6.0M
Gain On Sale Of Security	13.0M	-6.0M	10.0M	4.0M
Earnings From Equity Interest	60.0M	55.0M	13.0M	-261.0M
Pretax Income	746.0M	912.0M	716.0M	446.0M
Tax Provision	138.0M	223.0M	143.0M	106.0M
Tax Effect Of Unusual Items	5.4M	80.1M	2.6M	2.4M
Net Income From Continuing And Discontinued Operation	596.0M	673.0M	523.0M	283.0M
Net Income From Continuing Operation Net Minority Interest	596.0M	673.0M	523.0M	283.0M
Net Income Including Noncontrolling Interests	608.0M	689.0M	573.0M	340.0M
Minority Interests	-12.0M	-16.0M	-50.0M	-57.0M
Net Income Common Stockholders	578.0M	641.0M	399.0M	230.0M
Net Income	596.0M	673.0M	523.0M	283.0M
EBITDA	1.7B	1.7B	1.5B	1.1B
Normalized EBITDA	1.6B	1.4B	1.5B	1.1B
Reconciled Depreciation	475.0M	441.0M	439.0M	422.0M
Basic EPS	1.95	2.27	1.42	0.82
Diluted EPS	1.94	2.26	1.41	0.82
Basic Average Shares	296.8M	282.1M	281.0M	279.9M
Diluted Average Shares	298.3M	283.7M	283.3M	281.7M
Total Unusual Items	29.0M	327.0M	13.0M	10.0M
Total Unusual Items Excluding Goodwill	29.0M	327.0M	13.0M	10.0M
Tax Rate For Calcs	0.18	0.24	0.20	0.24
Normalized Income	572.4M	426.1M	512.6M	275.4M
Amortization	36.0M	47.0M	64.0M	--
Amortization Of Intangibles Income Statement	36.0M	47.0M	64.0M	--
Depreciation Amortization Depletion Income Statement	475.0M	441.0M	439.0M	422.0M
Depreciation Income Statement	439.0M	394.0M	375.0M	--
Diluted NI Availto Com Stockholders	578.0M	641.0M	399.0M	230.0M
Gain On Sale Of Ppe	12.0M	319.0M	3.0M	6.0M
Net Income Continuous Operations	608.0M	689.0M	573.0M	340.0M
Net Non Operating Interest Income Expense	-442.0M	-384.0M	-313.0M	-264.0M
Other Gand A	--	1.6B	1.6B	1.5B
Other Special Charges	-4.0M	-14.0M	--	--
Otherunder Preferred Stock Dividend	0.00	5.0M	84.0M	0.00
Preferred Stock Dividends	18.0M	27.0M	40.0M	53.0M
Reconciled Cost Of Revenue	9.2B	10.1B	11.1B	7.7B
Salaries And Wages	-141.0M	-57.0M	-74.0M	-64.0M
Total Expenses	11.4B	12.1B	13.1B	9.6B

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash And Cash Equivalents	85.0M	95.0M	53.0M	63.0M
Cash Cash Equivalents And Short Term Investments	85.0M	95.0M	53.0M	63.0M
Accounts Receivable	1.6B	1.7B	2.1B	1.4B
Receivables	1.8B	1.8B	2.1B	1.4B
Inventory	676.0M	847.0M	1.1B	782.0M
Prepaid Assets	--	--	169.0M	188.0M
Other Current Assets	267.0M	205.0M	207.0M	236.0M
Current Assets	2.8B	3.0B	4.6B	2.6B
Gross PPE	17.8B	15.3B	13.7B	13.5B
Accumulated Depreciation	-2.7B	-2.3B	-1.7B	-1.8B
Net PPE	15.1B	13.1B	12.0B	11.6B
Goodwill	5.7B	5.3B	5.2B	5.2B
Goodwill And Other Intangible Assets	5.8B	5.4B	5.4B	5.3B
Other Intangible Assets	138.0M	148.0M	159.0M	188.0M
Investments And Advances	769.0M	686.0M	654.0M	623.0M
Long Term Equity Investment	769.0M	686.0M	654.0M	623.0M
Other Non Current Assets	500.0M	369.0M	489.0M	475.0M
Total Non Current Assets	23.3B	20.4B	19.3B	19.0B
Total Assets	26.1B	23.5B	24.0B	21.6B
Current Debt	868.0M	1.1B	620.0M	680.0M
Current Debt And Capital Lease Obligation	1.0B	1.2B	719.0M	771.0M
Accounts Payable	--	1.9B	1.9B	1.5B
Payables	--	1.9B	1.9B	1.5B
Payables And Accrued Expenses	2.1B	1.9B	1.9B	1.5B
Current Deferred Revenue	98.0M	92.0M	79.0M	74.0M
Other Current Liabilities	298.0M	227.0M	707.0M	268.0M
Current Liabilities	3.5B	3.4B	3.4B	2.7B
Long Term Debt	9.0B	8.3B	9.2B	7.7B
Long Term Debt And Capital Lease Obligation	9.6B	8.6B	9.5B	7.9B
Long Term Capital Lease Obligation	538.0M	378.0M	230.0M	253.0M
Other Non Current Liabilities	1.4B	1.3B	1.2B	1.4B
Total Non Current Liabilities Net Minority Interest	13.5B	12.2B	12.9B	11.3B
Total Liabilities Net Minority Interest	17.0B	15.6B	16.3B	14.0B
Common Stock	7.2B	7.1B	6.8B	6.7B
Capital Stock	7.6B	7.5B	7.3B	7.8B
Additional Paid In Capital	618.0M	624.0M	625.0M	388.0M
Retained Earnings	-592.0M	-817.0M	-1.1B	-1.2B
Gains Losses Not Affecting Retained Earnings	1.2B	395.0M	626.0M	-7.0M
Other Equity Adjustments	1.2B	395.0M	626.0M	-7.0M
Common Stock Equity	8.4B	7.3B	6.9B	5.9B
Stockholders Equity	8.8B	7.7B	7.5B	6.9B
Total Equity Gross Minority Interest	9.0B	7.9B	7.6B	7.6B
Minority Interest	294.0M	150.0M	162.0M	652.0M
Total Capitalization	17.8B	16.0B	16.7B	14.6B
Net Tangible Assets	2.9B	2.3B	2.0B	1.6B
Tangible Book Value	2.5B	1.9B	1.5B	532.0M
Working Capital	-681.0M	-368.0M	1.2B	-33.0M
Invested Capital	18.2B	16.7B	16.7B	14.2B
Total Debt	10.6B	9.9B	10.2B	8.7B
Net Debt	9.8B	9.3B	9.8B	8.3B
Share Issued	297.9M	294.9M	281.5M	280.3M
Ordinary Shares Number	297.9M	294.9M	281.5M	280.3M
Assets Held For Sale Current	--	0.00	1.0B	0.00
Capital Lease Obligations	685.0M	481.0M	329.0M	344.0M
Commercial Paper	10.0M	129.0M	293.0M	161.0M
Current Capital Lease Obligation	147.0M	103.0M	99.0M	91.0M
Current Deferred Liabilities	98.0M	92.0M	79.0M	74.0M
Defined Pension Benefit	814.0M	626.0M	538.0M	674.0M
Derivative Product Liabilities	160.0M	115.0M	298.0M	165.0M
Dividends Payable	--	--	--	0.00
Duefrom Related Parties Non Current	16.0M	19.0M	21.0M	23.0M
Employee Benefits	114.0M	100.0M	95.0M	105.0M
Financial Assets	63.0M	57.0M	77.0M	51.0M
Finished Goods	343.0M	447.0M	791.0M	521.0M
Hedging Assets Current	25.0M	54.0M	140.0M	113.0M
Inventories Adjustments Allowances	--	0.00	-86.0M	0.00
Liabilities Heldfor Sale Non Current	--	0.00	-53.0M	0.00
Long Term Provisions	482.0M	448.0M	451.0M	429.0M
Non Current Accounts Receivable	35.0M	70.0M	75.0M	79.0M
Non Current Deferred Assets	47.0M	41.0M	29.0M	11.0M
Non Current Deferred Liabilities	1.8B	1.6B	1.5B	1.2B
Non Current Deferred Revenue	24.0M	29.0M	80.0M	72.0M
Non Current Deferred Taxes Liabilities	1.8B	1.6B	1.4B	1.2B
Non Current Pension And Other Postretirement Benefit Plans	49.0M	49.0M	44.0M	86.0M
Non Current Prepaid Assets	72.0M	94.0M	89.0M	81.0M
Other Current Borrowings	858.0M	999.0M	327.0M	519.0M
Other Inventories	165.0M	202.0M	127.0M	82.0M
Other Properties	1.5B	1.2B	36.0M	1.2B
Other Receivables	158.0M	131.0M	65.0M	35.0M
Preferred Shares Number	16.0M	16.0M	24.0M	44.0M
Preferred Stock	391.0M	391.0M	586.0M	1.1B
Preferred Stock Equity	391.0M	391.0M	586.0M	1.1B
Properties	--	--	--	12.3B
Raw Materials	168.0M	198.0M	228.0M	179.0M
Receivables Adjustments Allowances	-31.0M	-29.0M	-41.0M	-39.0M
Restricted Cash	--	--	0.00	3.0M
Tradeand Other Payables Non Current	2.0M	1.0M	2.0M	2.0M

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Operating Cash Flow	1.5B	1.1B	539.0M	738.0M
Cash Flow From Continuing Operating Activities	1.5B	1.1B	539.0M	738.0M
Depreciation And Amortization	475.0M	441.0M	439.0M	422.0M
Depreciation Amortization Depletion	475.0M	441.0M	439.0M	422.0M
Stock Based Compensation	0.00	1.0M	3.0M	7.0M
Deferred Tax	97.0M	180.0M	120.0M	47.0M
Deferred Income Tax	97.0M	180.0M	120.0M	47.0M
Change In Working Capital	430.0M	100.0M	-650.0M	-410.0M
Changes In Account Receivables	201.0M	271.0M	-691.0M	-206.0M
Change In Receivables	201.0M	271.0M	-691.0M	-206.0M
Change In Inventory	165.0M	242.0M	-324.0M	-232.0M
Change In Payables And Accrued Expense	78.0M	-178.0M	377.0M	92.0M
Change In Payable	--	--	377.0M	92.0M
Change In Other Working Capital	-71.0M	-56.0M	-108.0M	-77.0M
Change In Other Current Assets	17.0M	-70.0M	17.0M	5.0M
Change In Other Current Liabilities	36.0M	-108.0M	80.0M	8.0M
Other Non Cash Items	25.0M	-29.0M	21.0M	29.0M
Capital Expenditure	-1.4B	-943.0M	-958.0M	-814.0M
Purchase Of Business	-2.0M	-331.0M	-285.0M	0.00
Sale Of Business	14.0M	1.0M	0.00	3.0M
Sale Of Investment	--	--	--	0.00
Net Investment Purchase And Sale	--	--	--	0.00
Investing Cash Flow	-1.4B	-199.0M	-997.0M	-483.0M
Cash Flow From Continuing Investing Activities	-1.4B	-199.0M	-997.0M	-483.0M
Issuance Of Debt	2.6B	871.0M	1.9B	446.0M
Repayment Of Debt	-2.5B	-1.0B	-513.0M	-240.0M
Net Issuance Payments Of Debt	46.0M	-145.0M	1.3B	128.0M
Issuance Of Capital Stock	--	--	--	0.00
Repurchase Of Capital Stock	0.00	-200.0M	-574.0M	0.00
Net Common Stock Issuance	--	--	--	0.00
Common Stock Dividend Paid	-353.0M	-316.0M	-298.0M	-303.0M
Financing Cash Flow	-175.0M	-882.0M	435.0M	-245.0M
Cash Flow From Continuing Financing Activities	-175.0M	-882.0M	435.0M	-245.0M
Effect Of Exchange Rate Changes	--	0.00	4.0M	0.00
Changes In Cash	-12.0M	40.0M	-23.0M	10.0M
Beginning Cash Position	104.0M	64.0M	84.0M	74.0M
End Cash Position	92.0M	104.0M	64.0M	84.0M
Free Cash Flow	149.0M	178.0M	-419.0M	-76.0M
Income Tax Paid Supplemental Data	31.0M	36.0M	17.0M	69.0M
Interest Paid Supplemental Data	434.0M	377.0M	304.0M	279.0M
Amortization Cash Flow	36.0M	47.0M	64.0M	57.0M
Amortization Of Intangibles	36.0M	47.0M	64.0M	57.0M
Capital Expenditure Reported	-1.4B	-943.0M	-958.0M	-814.0M
Cash Dividends Paid	-371.0M	-343.0M	-338.0M	-356.0M
Change In Account Payable	--	--	377.0M	92.0M
Change In Prepaid Assets	4.0M	-1.0M	-1.0M	--
Common Stock Issuance	--	--	--	0.00
Depreciation	439.0M	394.0M	375.0M	365.0M
Dividend Received Cfo	28.0M	13.0M	14.0M	13.0M
Dividends Received Cfi	--	-4.0M	1.0M	-11.0M
Earnings Losses From Equity Investments	-60.0M	-55.0M	-13.0M	261.0M
Gain Loss On Investment Securities	12.0M	70.0M	49.0M	-18.0M
Long Term Debt Issuance	2.6B	871.0M	1.7B	446.0M
Long Term Debt Payments	-2.5B	-1.0B	-513.0M	-240.0M
Net Business Purchase And Sale	12.0M	-330.0M	-285.0M	3.0M
Net Income From Continuing Operations	608.0M	689.0M	573.0M	340.0M
Net Long Term Debt Issuance	46.0M	-145.0M	1.2B	206.0M
Net Other Financing Charges	96.0M	-211.0M	-21.0M	-31.0M
Net Other Investing Changes	2.0M	1.1B	245.0M	339.0M
Net Preferred Stock Issuance	0.00	-200.0M	-574.0M	0.00
Net Short Term Debt Issuance	--	0.00	128.0M	-78.0M
Operating Gains Losses	-178.0M	-298.0M	-13.0M	212.0M
Other Cash Adjustment Inside Changein Cash	--	--	-1.0M	0.00
Other Cash Adjustment Outside Changein Cash	--	0.00	-1.0M	0.00
Pension And Employee Benefit Expense	-114.0M	6.0M	-46.0M	-25.0M
Preferred Stock Dividend Paid	-18.0M	-27.0M	-40.0M	-53.0M
Preferred Stock Payments	0.00	-200.0M	-574.0M	0.00
Proceeds From Stock Option Exercised	54.0M	17.0M	25.0M	14.0M
Provisionand Write Offof Assets	53.0M	24.0M	32.0M	78.0M
Short Term Debt Issuance	--	0.00	128.0M	--
Short Term Debt Payments	--	--	--	-78.0M