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Emera Incorporated

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Total Revenue 2.0B 2.1B 2.0B 2.7B 1.8B
Operating Revenue 2.0B 2.1B 2.0B 2.7B 1.8B
Cost Of Revenue 1.3B 1.2B 1.2B 1.3B 1.1B
Gross Profit 732.0M 928.0M 807.0M 1.4B 641.0M
Selling General And Administration -- -- -- -- --
General And Administrative Expense -- -- -- -- --
Depreciation And Amortization In Income Statement 335.0M 324.0M 316.0M 319.0M 296.0M
Operating Expense 457.0M 448.0M 437.0M 438.0M 398.0M
Operating Income 275.0M 480.0M 370.0M 925.0M 243.0M
EBIT 306.0M 514.0M 394.0M 975.0M 217.0M
Interest Expense 254.0M 260.0M 249.0M 255.0M 243.0M
Interest Expense Non Operating 254.0M 260.0M 249.0M 255.0M 243.0M
Interest Income 9.0M 8.0M 10.0M -- 5.0M
Interest Income Non Operating 9.0M 8.0M 10.0M -- 5.0M
Net Interest Income -259.0M -252.0M -239.0M -255.0M -238.0M
Other Income Expense 36.0M 26.0M 14.0M 50.0M -31.0M
Other Non Operating Income Expenses 2.0M 16.0M 14.0M 31.0M 16.0M
Special Income Charges 17.0M 12.0M -58.0M -- -17.0M
Write Off -75.0M 0.00 75.0M -- --
Gain On Sale Of Security 2.0M -17.0M 44.0M -- -42.0M
Earnings From Equity Interest 15.0M 15.0M 14.0M 19.0M 12.0M
Pretax Income 52.0M 254.0M 145.0M 720.0M -26.0M
Tax Provision -35.0M 6.0M -9.0M 119.0M -199.0M
Tax Effect Of Unusual Items 2.9M -100,000 -2.1M 0.00 -8.8M
Net Income From Continuing And Discontinued Operation 87.0M 247.0M 154.0M 601.0M 173.0M
Net Income From Continuing Operation Net Minority Interest 87.0M 247.0M 154.0M 601.0M 173.0M
Net Income Including Noncontrolling Interests 87.0M 248.0M 154.0M 601.0M 173.0M
Minority Interests 0.00 -1.0M -- -- 0.00
Net Income Common Stockholders 68.0M 228.0M 135.0M 583.4M 154.1M
Net Income 87.0M 247.0M 154.0M 601.0M 173.0M
EBITDA 641.0M 838.0M 712.0M 1.3B 513.0M
Normalized EBITDA 622.0M 843.0M 726.0M 1.3B 572.0M
Reconciled Depreciation 335.0M 324.0M 318.0M 321.0M 287.0M
Basic EPS -- 0.76 0.45 1.96 --
Diluted EPS -- 0.76 0.45 1.96 --
Basic Average Shares -- 299.9M 298.6M 297.0M --
Diluted Average Shares -- 300.6M 299.1M 297.3M --
Total Unusual Items 19.0M -5.0M -14.0M -- -59.0M
Total Unusual Items Excluding Goodwill 19.0M -5.0M -14.0M -- -59.0M
Tax Rate For Calcs 0.15 0.02 0.15 0.17 0.15
Normalized Income 70.8M 251.9M 165.9M 601.0M 223.2M
Depreciation Amortization Depletion Income Statement 335.0M 324.0M 316.0M 319.0M 296.0M
Diluted NI Availto Com Stockholders 68.0M 228.0M 135.0M 583.4M 154.1M
Gain On Sale Of Business 4.0M 0.00 0.00 -- -1.0M
Impairment Of Capital Assets -- -- -- -- 4.0M
Net Income Continuous Operations 87.0M 248.0M 154.0M 601.0M 173.0M
Net Non Operating Interest Income Expense -259.0M -252.0M -239.0M -255.0M -238.0M
Other Special Charges -13.0M -12.0M -17.0M -- -17.0M
Other Taxes 122.0M 124.0M 121.0M 119.0M 102.0M
Preferred Stock Dividends 19.0M 19.0M 19.0M 18.0M 19.0M
Reconciled Cost Of Revenue 1.3B 1.2B 1.2B 1.3B 1.1B
Salaries And Wages -- -- -- -- --
Total Expenses 1.7B 1.6B 1.6B 1.8B 1.5B
Total Operating Income As Reported 275.0M 480.0M 295.0M 925.0M 239.0M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Cash And Cash Equivalents -- 212.0M 200.0M 308.0M 196.0M
Cash Cash Equivalents And Short Term Investments -- 212.0M 200.0M 308.0M 196.0M
Accounts Receivable -- 963.0M 1.0B 884.0M 834.0M
Receivables -- 1.4B 1.4B 1.3B 1.2B
Inventory -- 850.0M 809.0M 756.0M 781.0M
Prepaid Assets -- 133.0M 134.0M 105.0M 105.0M
Other Current Assets -- 961.0M 973.0M 1.1B 917.0M
Current Assets -- 4.0B 4.0B 4.0B 3.7B
Gross PPE -- 37.8B 36.6B 37.3B 36.6B
Accumulated Depreciation -- -10.8B -10.5B -10.6B -10.4B
Net PPE -- 27.0B 26.1B 26.6B 26.2B
Goodwill -- 5.7B 5.6B 5.9B 5.9B
Goodwill And Other Intangible Assets -- 5.7B 5.6B 5.9B 5.9B
Investments And Advances -- 637.0M 633.0M 651.0M 654.0M
Long Term Equity Investment -- 637.0M 633.0M 651.0M 654.0M
Other Non Current Assets -- 2.7B 2.6B 2.7B 2.7B
Total Non Current Assets -- 39.8B 38.6B 39.6B 39.3B
Total Assets -- 43.8B 42.5B 43.6B 43.0B
Current Debt -- 2.8B 2.8B 932.0M 1.6B
Current Debt And Capital Lease Obligation -- 2.8B 2.8B 932.0M 1.6B
Accounts Payable -- 1.8B 1.8B 2.0B 2.0B
Payables -- 1.8B 1.8B 2.0B 2.0B
Payables And Accrued Expenses -- 1.8B 1.8B 2.0B 2.3B
Current Accrued Expenses -- -- -- -- 295.0M
Other Current Liabilities -- 1.6B 1.2B 1.4B 1.2B
Current Liabilities -- 6.3B 5.9B 4.3B 5.1B
Long Term Debt -- 17.8B 17.3B 19.2B 18.2B
Long Term Debt And Capital Lease Obligation -- 17.8B 17.3B 19.2B 18.2B
Other Non Current Liabilities -- 953.0M 920.0M 935.0M 910.0M
Total Non Current Liabilities Net Minority Interest -- 24.0B 23.5B 25.6B 24.5B
Total Liabilities Net Minority Interest -- 30.3B 29.4B 29.9B 29.7B
Common Stock -- 9.3B 9.2B 9.1B 9.0B
Capital Stock -- 10.7B 10.7B 10.6B 10.5B
Additional Paid In Capital -- 85.0M 85.0M 84.0M 84.0M
Retained Earnings -- 1.8B 1.8B 1.8B 1.5B
Gains Losses Not Affecting Retained Earnings -- 885.0M 660.0M 1.2B 1.3B
Other Equity Adjustments -- 885.0M 660.0M 1.2B 1.3B
Common Stock Equity -- 12.0B 11.7B 12.3B 11.9B
Stockholders Equity -- 13.5B 13.2B 13.7B 13.3B
Total Equity Gross Minority Interest -- 13.5B 13.2B 13.7B 13.3B
Minority Interest -- 14.0M 14.0M 14.0M 14.0M
Total Capitalization -- 31.3B 30.5B 32.9B 31.4B
Net Tangible Assets -- 7.8B 7.6B 7.9B 7.4B
Tangible Book Value -- 6.4B 6.2B 6.5B 6.0B
Working Capital -- -2.2B -1.9B -332.0M -1.4B
Invested Capital -- 32.7B 31.9B 32.4B 31.7B
Total Debt -- 20.6B 20.2B 20.1B 19.8B
Net Debt -- 20.4B 20.0B 19.8B 19.6B
Share Issued -- 300.6M 299.2M 297.7M 295.9M
Ordinary Shares Number -- 300.6M 299.2M 297.7M 295.9M
Assets Held For Sale Current -- 124.0M 110.0M 150.0M 173.0M
Construction In Progress -- -- -- -- 3.0B
Derivative Product Liabilities -- 74.0M 88.0M 92.0M 91.0M
Employee Benefits -- 269.0M 265.0M 276.0M 274.0M
Financial Assets -- 48.0M 61.0M 72.0M 51.0M
Hedging Assets Current -- 221.0M 160.0M 178.0M 115.0M
Income Tax Payable -- -- -- -- 4.0M
Interest Payable -- -- -- -- 106.0M
Liabilities Heldfor Sale Non Current -- 1.0B 1.1B 1.1B 1.1B
Line Of Credit -- -- -- -- 1.4B
Non Current Accounts Receivable -- 583.0M 587.0M 603.0M 610.0M
Non Current Deferred Assets -- 371.0M 342.0M 314.0M 392.0M
Non Current Deferred Liabilities -- 2.4B 2.3B 2.4B 2.3B
Non Current Deferred Taxes Assets -- 371.0M 342.0M 314.0M 392.0M
Non Current Deferred Taxes Liabilities -- 2.4B 2.3B 2.4B 2.3B
Non Current Pension And Other Postretirement Benefit Plans -- 269.0M 265.0M 276.0M 274.0M
Other Current Borrowings -- 2.8B 2.8B 932.0M 234.0M
Pensionand Other Post Retirement Benefit Plans Current -- -- -- -- 26.0M
Preferred Shares Number -- 53.1M 53.1M 53.1M 53.1M
Preferred Stock -- 1.4B 1.4B 1.4B 1.4B
Preferred Stock Equity -- 1.4B 1.4B 1.4B 1.4B
Receivables Adjustments Allowances -- -13.0M -12.0M -12.0M -12.0M
Restricted Cash -- 156.0M 143.0M 156.0M 215.0M
Taxes Receivable -- 49.0M 54.0M 60.0M 22.0M
Total Tax Payable -- -- -- -- 15.0M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Operating Cash Flow -- 791.0M 100.0M 699.0M 694.0M
Cash Flow From Continuing Operating Activities -- 791.0M 100.0M 699.0M 694.0M
Depreciation And Amortization -- 324.0M 318.0M 321.0M 287.0M
Depreciation Amortization Depletion -- 324.0M 318.0M 321.0M 287.0M
Deferred Tax -- -1.0M -17.0M 137.0M -205.0M
Deferred Income Tax -- -1.0M -17.0M 137.0M -205.0M
Change In Working Capital -- 125.0M -473.0M -34.0M 232.0M
Change In Receivables -- 29.0M -219.0M -40.0M -309.0M
Change In Inventory -- -31.0M -78.0M 25.0M -6.0M
Change In Payables And Accrued Expense -- 53.0M -71.0M -151.0M 600.0M
Change In Payable -- 53.0M -71.0M -151.0M 600.0M
Change In Other Current Liabilities -- 74.0M -105.0M 132.0M -53.0M
Other Non Cash Items -- 45.0M 51.0M -66.0M 29.0M
Capital Expenditure -- -846.0M -996.0M -724.0M -928.0M
Purchase Of PPE -- -846.0M -996.0M -724.0M -928.0M
Net PPE Purchase And Sale -- -846.0M -996.0M -724.0M -928.0M
Sale Of Business -- 0.00 -- -- 0.00
Investing Cash Flow -- -846.0M -964.0M -708.0M -929.0M
Cash Flow From Continuing Investing Activities -- -846.0M -964.0M -708.0M -929.0M
Issuance Of Debt -- 279.0M 647.0M 978.0M 58.0M
Repayment Of Debt -- -60.0M -456.0M -7.0M 112.0M
Net Issuance Payments Of Debt -- 219.0M 902.0M 260.0M 253.0M
Issuance Of Capital Stock -- 10.0M 10.0M 20.0M 84.0M
Net Common Stock Issuance -- 10.0M 10.0M 20.0M 84.0M
Common Stock Dividend Paid -- -145.0M -139.0M -139.0M -139.0M
Financing Cash Flow -- 64.0M 754.0M 123.0M 179.0M
Cash Flow From Continuing Financing Activities -- 64.0M 754.0M 123.0M 179.0M
Effect Of Exchange Rate Changes -- 2.0M -7.0M 0.00 13.0M
Changes In Cash -- 9.0M -110.0M 114.0M -56.0M
Beginning Cash Position -- 218.0M 335.0M 221.0M 264.0M
End Cash Position -- 229.0M 218.0M 335.0M 221.0M
Free Cash Flow -- -55.0M -896.0M -25.0M -234.0M
Asset Impairment Charge -- 0.00 -- -- 4.0M
Cash Dividends Paid -- -164.0M -158.0M -157.0M -158.0M
Change In Account Payable -- 53.0M -71.0M -151.0M 600.0M
Common Stock Issuance -- 10.0M 10.0M 20.0M 84.0M
Earnings Losses From Equity Investments -- 0.00 2.0M 3.0M 2.0M
Gain Loss On Investment Securities -- 66.0M 3.0M -254.0M 178.0M
Gain Loss On Sale Of Business -- 0.00 -- -- --
Long Term Debt Issuance -- 12.0M -71.0M 978.0M 2.0M
Long Term Debt Payments -- -14.0M -155.0M -7.0M 937.0M
Net Business Purchase And Sale -- 0.00 -- -- 0.00
Net Income From Continuing Operations -- 248.0M 154.0M 601.0M 173.0M
Net Long Term Debt Issuance -- -2.0M -226.0M 971.0M 939.0M
Net Other Financing Charges -- -- -- -- 0.00
Net Other Investing Changes -- 0.00 32.0M 16.0M -1.0M
Net Short Term Debt Issuance -- 221.0M 1.1B -711.0M -686.0M
Operating Gains Losses -- 50.0M -8.0M -260.0M 174.0M
Pension And Employee Benefit Expense -- -16.0M -13.0M -9.0M -6.0M
Preferred Stock Dividend Paid -- -19.0M -19.0M -18.0M -19.0M
Short Term Debt Issuance -- 267.0M -- -- --
Short Term Debt Payments -- -46.0M -- -- --
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