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Fortis Inc

Utilities US FORFF

15.0USD
-(-%)

Last update at 2024-12-25T20:00:00Z

Day Range

15.0015.00
LowHigh

52 Week Range

12.3914.75
LowHigh

Fundamentals

  • Previous Close 15.00
  • Market Cap0.00000M
  • Volume100
  • P/E Ratio6.61
  • Dividend Yield6.93%
  • EBITDA4870.00M
  • Revenue TTM11800.00M
  • Revenue Per Share TTM24.36
  • Gross Profit TTM 4408.00M
  • Diluted EPS TTM1.97

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 1803.00M 1639.00M 1620.00M 2141.00M 1451.00M
Minority interest -120.00000M -111.00000M 1587.00M 1582.00M 1923.00M
Net income 1394.00M 1294.00M 1274.00M 1722.00M 1166.00M
Selling general administrative - - - 11.00M 2.00M
Selling and marketing expenses - - - - -
Gross profit 7091.00M 6497.00M 6373.00M 6263.00M 5895.00M
Reconciled depreciation 1668.00M 1505.00M 1428.00M 1350.00M 1243.00M
Ebit 2832.00M 2514.00M 2539.00M 2472.00M 2363.00M
Ebitda 4573.00M 4147.00M 4090.00M 4526.00M 3668.00M
Depreciation and amortization - - - - -
Non operating income net other - - - - 0.00000M
Operating income 2740.00M 2469.00M 2508.00M 2461.00M 2365.00M
Other operating expenses - - - - 0.00000M
Interest expense 1102.00M 1003.00M 1042.00M 1035.00M 974.00M
Tax provision 289.00M 234.00M 231.00M 289.00M 165.00M
Interest income 11.00M 5.00M 13.00M 16.00M 15.00M
Net interest income -1091.00000M -998.00000M -1029.00000M -1019.00000M -959.00000M
Extraordinary items - - - - 0.00000M
Non recurring - - - - 0.00000M
Other items - - - - 0.00000M
Income tax expense 289.00M 234.00M 231.00M 289.00M 165.00M
Total revenue 11043.00M 9448.00M 8935.00M 8783.00M 8390.00M
Total operating expenses 8303.00M 6979.00M 6427.00M 6322.00M 6025.00M
Cost of revenue 3952.00M 2951.00M 2562.00M 2520.00M 2495.00M
Total other income expense net 154.00M 168.00M 141.00M 699.00M 45.00M
Discontinued operations - - - - 0.00000M
Net income from continuing ops 1514.00M 1405.00M 1389.00M 1852.00M 1286.00M
Net income applicable to common shares 1330.00M 1231.00M 1209.00M 1655.00M 1100.00M
Preferred stock and other adjustments - - - - 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 64252.00M 57659.00M 55481.00M 53404.00M 53051.00M
Intangible assets 1548.00M 1343.00M 1291.00M 1260.00M 1200.00M
Earning assets - - - - -
Other current assets 1494.00M 734.00M 665.00M 617.00M 1276.00M
Total liab 41410.00M 36743.00M 35197.00M 33291.00M 34595.00M
Total stockholder equity 21030.00M 19288.00M 18697.00M 18531.00M 16533.00M
Deferred long term liab 3095.00M 3097.00M 3118.00M 2958.00M 2751.00M
Other current liab 1640.00M 1107.00M 1145.00M 1275.00M 1400.00M
Common stock 14656.00M 14237.00M 13819.00M 13645.00M 11889.00M
Capital stock 16279.00M 15860.00M 15442.00M 15268.00M 13512.00M
Retained earnings 3733.00M 3458.00M 3210.00M 2916.00M 2082.00M
Other liab 8492.00M 7869.00M 7572.00M 7163.00M 6794.00M
Good will 12464.00M 11720.00M 11792.00M 12004.00M 12530.00M
Other assets 3949.00M 3834.00M 3590.00M 3406.00M 3150.00M
Cash 209.00M 131.00M 249.00M 370.00M 332.00M
Cash and equivalents - - - - -
Total current liabilities 6617.00M 4802.00M 4148.00M 4176.00M 4252.00M
Current deferred revenue - - - - -
Net debt 28456.00M 25451.00M 24250.00M 22333.00M 23813.00M
Short term debt - - - 1202.00M 0.00000M
Short long term debt 2734.00M 1875.00M 1386.00M 1202.00M 986.00M
Short long term debt total - - - - -
Other stockholder equity 1008.00M -40.00000M 34.00M 336.00M 928.00M
Property plant equipment 41706.00M 37856.00M 36038.00M 34034.00M 32757.00M
Total current assets 4269.00M 2728.00M 2612.00M 2574.00M 3261.00M
Long term investments 316.00M 178.00M 158.00M 126.00M 153.00M
Net tangible assets 5395.00M 4602.00M 3991.00M 3644.00M 1180.00M
Short term investments - - - - 0.00000M
Net receivables 1759.00M 1269.00M 1174.00M 1105.00M 1171.00M
Long term debt 25931.00M 23707.00M 23113.00M 21501.00M 23159.00M
Inventory 661.00M 478.00M 422.00M 394.00M 398.00M
Accounts payable 886.00M 774.00M 707.00M 754.00M 679.00M
Total permanent equity - - - - 0.00000M
Noncontrolling interest in consolidated entity - - - - 0.00000M
Temporary equity redeemable noncontrolling interests - - - - 0.00000M
Accumulated other comprehensive income - - - - 0.00000M
Additional paid in capital - - - - 0.00000M
Common stock total equity - - - - 0.00000M
Preferred stock total equity - - - - 0.00000M
Retained earnings total equity - - - - 0.00000M
Treasury stock - - - - 0.00000M
Accumulated amortization - - - - 0.00000M
Non currrent assets other 267.00M 231.00M 215.00M 210.00M 204.00M
Deferred long term asset charges - - - - 0.00000M
Non current assets total 59983.00M 54931.00M 52869.00M 50830.00M 49790.00M
Capital lease obligations 370.00M 365.00M 364.00M 513.00M 642.00M
Long term debt total - - - - 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -100.00000M -100.00000M -100.00000M -100.00000M -3252.00000M
Change to liabilities 449.00M 164.00M -100.00000M -8.00000M 99.00M
Total cashflows from investing activities -4059.00000M -3488.00000M -4132.00000M -2768.00000M -3252.00000M
Net borrowings 1790.00M 1138.00M 2155.00M -665.00000M 1184.00M
Total cash from financing activities 1035.00M 451.00M 1327.00M 154.00M 644.00M
Change to operating activities -134.00000M -168.00000M -214.00000M -254.00000M 24.00M
Net income 1394.00M 1294.00M 1274.00M 1722.00M 1166.00M
Change in cash 78.00M -118.00000M -121.00000M 38.00M 5.00M
Begin period cash flow 131.00M 249.00M 370.00M 332.00M 327.00M
End period cash flow 209.00M 131.00M 249.00M 370.00M 332.00M
Total cash from operating activities 3074.00M 2907.00M 2701.00M 2663.00M 2604.00M
Issuance of capital stock 53.00M 60.00M 58.00M 1442.00M 34.00M
Depreciation 1668.00M 1505.00M 1428.00M 1350.00M 1243.00M
Other cashflows from investing activities -94.00000M -102.00000M -93.00000M -43.00000M -34.00000M
Dividends paid -737.00000M -671.00000M -851.00000M -561.00000M 525.00M
Change to inventory -153.00000M -56.00000M -36.00000M -13.00000M -8.00000M
Change to account receivables -479.00000M -88.00000M -84.00000M 1.00M -204.00000M
Sale purchase of stock - - - - 0.00000M
Other cashflows from financing activities -71.00000M -76.00000M -35.00000M -62.00000M -49.00000M
Change to netincome 329.00M 256.00M 433.00M -135.00000M 284.00M
Capital expenditures 3587.00M 3189.00M 3857.00M 3499.00M 3032.00M
Change receivables - - - - 0.00000M
Cash flows other operating - - - - 0.00000M
Exchange rate changes - - - - 0.00000M
Cash and cash equivalents changes - - - - 0.00000M
Change in working capital -479.00000M -144.00000M -429.00000M -274.00000M -89.00000M
Stock based compensation - - - - -
Other non cash items 189.00M -6.00000M 87.00M 71.00M 28.00M
Free cash flow -791.00000M -479.00000M -1338.00000M -1057.00000M -614.00000M

Peer Comparison

Sector: Utilities Industry: Utilities - Regulated Electric

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
FORFF
Fortis Inc
- -% 15.00 6.61 - - -
NEE
Nextera Energy Inc
-0.3 0.41% 72.61 15.77 17.61 4.52 2.61 7.10 12.28
SO
Southern Company
-0.26 0.31% 82.90 25.35 17.76 2.89 2.48 5.27 13.35
DUK
Duke Energy Corporation
-0.33 0.30% 108.64 20.54 16.34 2.60 1.59 5.34 11.98
AEP
American Electric Power Co Inc
-0.11 0.12% 92.26 19.17 16.18 2.58 1.91 4.83 12.39

Reports Covered

Stock Research & News

Profile

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 443,000 retail customers in southeastern Arizona; and 102,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,328 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,076,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 584,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 274,000 customers in Newfoundland and Labrador; approximately 33,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,200 circuit Kilometers (km) of distribution lines; and approximately 51,200 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Fortis Inc

Fortis Place, Saint John's, NF, Canada, A1E 0E4

Key Executives

Name Title Year Born
Mr. David Gerard Hutchens Pres, CEO & Director 1967
Ms. Jocelyn H. Perry Exec. VP & CFO 1971
Mr. James R. Reid Exec. VP of Sustainability & Chief Legal Officer NA
Mr. Gary J. Smith Exec. VP of Operations & Innovation 1962
Mr. Kevin D. Woodbury VP of Innovation & Technology NA
Mr. Ronald J. Hinsley Chief Information Officer & VP NA
Ms. Stephanie A. Amaimo VP of Investor Relations NA
Ms. Karen M. McCarthy BPR, M.Ed VP of Communications & Corp. Affairs NA
Mr. Regan P. O'Dea VP & Gen. Counsel NA
Ms. Susan M. Gray Exec. VP of Western Utility Operations 1973

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