Fortis
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Fortis generated cash of $3,545,000,000, which is more than the previous year. Cash used in financing activities reached the amount of $613,000,000 last year. Net change in cash is therefore $416,000,000.
Cash Flow
| 2014 | 982M | -4.19B | 3.36B |
|---|---|---|---|
| 2015 | 1.67B | -1.36B | -346M |
| 2016 | 1.88B | -6.89B | 5.05B |
| 2017 | 2.75B | -3.02B | 339M |
| 2018 | 2.60B | -3.25B | 644M |
| 2019 | 2.66B | -2.76B | 154M |
| 2020 | 2.70B | -4.13B | 1.32B |
| 2021 | 2.90B | -3.48B | 451M |
| 2022 | 3.07B | -4.05B | 1.03B |
| 2023 | 3.54B | -3.74B | 613M |
FTS.TO Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 209M | 131M | 249M | 370M | 332M | 327M | 269M | 242M | 230M | 72M |
Operating activities | ||||||||||
Net income | 1.57B | 1.51B | 1.40B | 1.38B | 1.85B | 1.28B | 1.12B | 713M | 840M | 390M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 1.77B | 1.66B | 1.50B | 1.42B | 1.35B | 1.24B | 1.17B | 983M | 873M | 688M |
Stock-based compensation expense | 0 | 41M | 100M | 78M | 98M | 37M | 40M | 22M | 17M | 13M |
| Deferred income tax benefit | 0 | 41M | 100M | 78M | 98M | 37M | 40M | 22M | 17M | 13M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 142M | -479M | -88M | -84M | 1M | -204M | -74M | 43M | 14M | 53M |
Inventories | -1M | -153M | -56M | -36M | -13M | -8M | -6M | 17M | 15M | -11M |
Accounts payable | -390M | 449M | 164M | -100M | -8M | 99M | 119M | 25M | -82M | -123M |
Cash generated by operating activities | 3.54B | 3.07B | 2.90B | 2.70B | 2.66B | 2.60B | 2.75B | 1.88B | 1.67B | 982M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -3.98B | -3.86B | -3.38B | -4.03B | -3.72B | -3.21B | -3.02B | -2.06B | -2.24B | -1.72B |
Acquisitions Net | 430M | -100M | 0 | 0 | 995M | 0 | 10M | -4.84B | -38M | -2.64B |
Cash generated by investing activities | -3.74B | -4.05B | -3.48B | -4.13B | -2.76B | -3.25B | -3.02B | -6.89B | -1.36B | -4.19B |
Financing activities | ||||||||||
Common Stock Issued | 43M | 53M | 60M | 58M | 1.44B | 0 | 561M | 0 | 40M | 0 |
Payments for dividends | -768M | -737M | -671M | -851M | -561M | -525M | -484M | -388M | -309M | -256M |
Repurchases of common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | 1.41B | 1.79B | -1.02B | -2.56B | -665M | -1.14B | 375M | 3.89B | -222M | 2.78B |
Cash used in financing activities | 613M | 1.03B | 451M | 1.32B | 154M | 644M | 339M | 5.05B | -346M | 3.36B |
Net Change In Cash | 416M | 78M | -118M | -121M | 38M | 5M | 58M | 27M | 12M | 158M |
Cash at end of period | 625M | 209M | 131M | 249M | 370M | 332M | 327M | 269M | 242M | 230M |
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