Fortis
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Fortis's past years’ income statements indicate that its last revenue has increased compared to the previous period by 4% to $11,517,000,000. The net income raised on $1,573,000,000 and profit margin reached 14%. Total operating expenses were $1,773,000,000.
Profit Margin
| 2014 | 5.40B | 379M | 7.02% |
|---|---|---|---|
| 2015 | 6.72B | 805M | 11.97% |
| 2016 | 6.83B | 660M | 9.65% |
| 2017 | 8.30B | 1.02B | 12.38% |
| 2018 | 8.39B | 1.16B | 13.9% |
| 2019 | 8.78B | 1.72B | 19.61% |
| 2020 | 8.93B | 1.27B | 14.26% |
| 2021 | 9.44B | 1.29B | 13.7% |
| 2022 | 11.04B | 1.39B | 12.62% |
| 2023 | 11.51B | 1.57B | 13.66% |
FTS Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 11.51B | 11.04B | 9.44B | 8.93B | 8.78B | 8.39B | 8.30B | 6.83B | 6.72B | 5.40B |
Cost of revenue | 6.66B | 3.95B | 2.95B | 2.56B | 2.52B | 2.49B | 2.36B | 2.34B | 2.56B | 2.19B |
Gross profit | 4.85B | 7.09B | 6.49B | 6.37B | 6.26B | 5.89B | 5.94B | 4.49B | 4.16B | 3.20B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 1.77B | 4.35B | 4.02B | 3.86B | 3.80B | 3.53B | 3.44B | 3.01B | 2.73B | 2.18B |
Operating income | 3.08B | 2.74B | 2.46B | 2.50B | 3.03B | 2.36B | 2.5B | 1.48B | 1.42B | 1.02B |
Other income (expenses), net | -1.01B | -937M | -830M | -888M | -897M | 46M | -798M | 46M | -356M | -572M |
Income before tax | 2.07B | 1.80B | 1.63B | 1.62B | 2.14B | 1.45B | 1.71B | 858M | 1.06B | 451M |
Income tax expense | 360M | 289M | 234M | 231M | 289M | 165M | 588M | 145M | 223M | 66M |
Net income | 1.57B | 1.39B | 1.29B | 1.27B | 1.72B | 1.16B | 1.02B | 660M | 805M | 379M |
Earnings per share | ||||||||||
Basic EPS | 2.96 | 2.78 | 2.61 | 2.6 | 3.79 | 2.75 | 2.32 | 1.89 | 2.61 | 1.41 |
Diluted EPS | 3.1 | 2.78 | 2.61 | 2.6 | 3.78 | 2.74 | 2.31 | 1.89 | 2.59 | 1.4 |
| Data source | Data source | Data source | Data source | Data source | Data source | Data source |