 |
Historcial Summary
|
|
2009 |
2008(1) |
2007 |
 |
|
Statements of Earnings
(in $ millions) |
|
Revenue, including equity income |
3,637 |
3,903 |
2,718 |
|
Energy supply costs and operating expenses |
2,572 |
2,855 |
1,904 |
|
Amortization |
364 |
348 |
273 |
|
Finance charges |
360 |
363 |
299 |
|
Corporate taxes |
49 |
65 |
36 |
|
Results of discontinued operations, gains on sales and other unusual items |
- |
- |
8 |
|
Non-controlling interest |
12 |
13 |
15 |
| Preference share
dividends |
18 |
14 |
6 |
|
Net earnings applicable to common shares |
262 |
245 |
193 |
 |
|
Balance Sheets
(in $ millions) |
|
Current assets |
1,126 |
1,150 |
1,038 |
|
Goodwill |
1,560 |
1,575 |
1,544 |
|
Other long-term assets |
949 |
487 |
424 |
|
Utility capital assets and income producing properties |
8,525 |
7,954 |
7,276 |
|
Total assets |
12,160 |
11,166 |
10,282 |
|
Current liabilities |
1,594 |
1,697 |
1,804 |
|
Deferred credits, regulatory liabilities and future income taxes |
1,307 |
727 |
697 |
|
Long-term debt and capital lease obligations (excluding current portion) |
5,276 |
4,884 |
4,623 |
|
Non-controlling interest |
123 |
145 |
115 |
|
Preference shares (classified as debt) |
320 |
320 |
320 |
|
Shareholders’ equity |
3,540 |
3,393 |
2,723 |
 |
|
Cash Flows
(in $ millions) |
|
Operating
activities |
637 |
661 |
373 |
|
Investing activities |
1,052 |
8,512 |
2,033 |
|
Financing activities |
599 |
387 |
1,826 |
|
Dividends, excluding
dividends on preference shares classified as debt |
161 |
191 |
146 |
 |
|
Financial Statistics |
|
Return on average book common shareholders’ equity (%) |
8.41 |
8.70 |
10.00 |
 |
|
Capitalization Ratios
(%)
(year end) |
|
Total debt and capital lease obligations (net of cash) |
60.2 |
59.5 |
64.3 |
|
Preference shares (classified as debt and equity) |
6.9 |
7.3 |
5.2 |
|
Common shareholders’ equity |
32.9 |
33.2 |
30.5 |
 |
|
Interest Coverage (x) |
|
Debt |
1.9 |
1.9 |
1.9 |
|
All fixed charges |
1.8 |
1.8 |
1.7 |
 |
|
Total gross capital expenditures
(in $ millions) |
1,024 |
935 |
803 |
 |
|
Common Share Data |
|
Book
value per share (year end) ($) |
18.61 |
17.97 |
16.69 |
|
Average common shares outstanding (in $ millions) |
170.2 |
157.4 |
137.6 |
|
Basic
earnings per common share ($) |
1.54 |
1.56 |
1.40 |
|
Dividends declared per common share ($) |
0.780 |
1.010 |
0.880 |
|
Dividends paid per common share ($) |
1.040 |
1.000 |
0.820 |
|
Dividend payout ratio (%) |
67.5 |
64.1 |
58.6 |
|
Price earnings ratio (x) |
18.6 |
15.8 |
20.7 |
 |
|
Share Trading Summary |
|
High price ($) (TSX) |
29.24 |
29.94 |
30.00 |
|
Low price ($) (TSX) |
21.52 |
20.70 |
24.50 |
|
Close price ($) (TSX) |
28.68 |
24.59 |
28.99 |
| Volume (in
thousands) |
121,162 |
132,108 |
100,920 |
|
(1) Certain
2008 comparative figures have been reclassified to comply with current period
classifications. Refer to Notes 2 and 30 of the 2009 Annual Consolidated
Financial Statements for further details.
(2) As
at December 31, 2006, the regulatory provision for future asset removal and
site restoration costs was reallocated from accumulated amortization to
long-term regulatory liabilities, with 2005 comparative figures restated,
excluding an amount previously estimated for FortisBC due to a change in
presentation adoped by FortisBC effective December 31, 2009.
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