
Fortis Inc
TSX:FTS

Income Statement
Earnings Waterfall
Fortis Inc
Revenue
|
11.5B
CAD
|
Cost of Revenue
|
-3.2B
CAD
|
Gross Profit
|
8.3B
CAD
|
Operating Expenses
|
-5B
CAD
|
Operating Income
|
3.3B
CAD
|
Other Expenses
|
-1.7B
CAD
|
Net Income
|
1.6B
CAD
|
Income Statement
Fortis Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
5 401
N/A
|
5 861
+9%
|
6 343
+8%
|
6 712
+6%
|
6 757
+1%
|
6 614
-2%
|
6 561
-1%
|
6 523
-1%
|
6 838
+5%
|
7 381
+8%
|
7 911
+7%
|
8 284
+5%
|
8 301
+0%
|
8 224
-1%
|
8 156
-1%
|
8 295
+2%
|
8 390
+1%
|
8 629
+3%
|
8 652
+0%
|
8 663
+0%
|
8 783
+1%
|
8 738
-1%
|
8 845
+1%
|
8 915
+1%
|
8 935
+0%
|
9 083
+2%
|
9 136
+1%
|
9 211
+1%
|
9 448
+3%
|
9 744
+3%
|
10 101
+4%
|
10 458
+4%
|
11 043
+6%
|
11 527
+4%
|
11 634
+1%
|
11 800
+1%
|
11 517
-2%
|
11 316
-2%
|
11 392
+1%
|
11 444
+0%
|
11 508
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 197)
|
(2 351)
|
(2 479)
|
(2 606)
|
(2 591)
|
(2 465)
|
(2 422)
|
(2 392)
|
(2 341)
|
(2 429)
|
(2 465)
|
(2 440)
|
(2 361)
|
(2 336)
|
(2 319)
|
(2 415)
|
(2 495)
|
(2 599)
|
(2 588)
|
(2 536)
|
(2 520)
|
(2 437)
|
(2 455)
|
(2 505)
|
(2 562)
|
(2 661)
|
(2 740)
|
(2 792)
|
(2 951)
|
(3 185)
|
(3 389)
|
(3 569)
|
(3 952)
|
(4 181)
|
(4 171)
|
(4 140)
|
(3 771)
|
(3 468)
|
(3 394)
|
(3 358)
|
(3 249)
|
|
Gross Profit |
3 204
N/A
|
3 510
+10%
|
3 864
+10%
|
4 106
+6%
|
4 166
+1%
|
4 149
0%
|
4 139
0%
|
4 131
0%
|
4 497
+9%
|
4 952
+10%
|
5 446
+10%
|
5 844
+7%
|
5 940
+2%
|
5 888
-1%
|
5 837
-1%
|
5 880
+1%
|
5 895
+0%
|
6 030
+2%
|
6 064
+1%
|
6 127
+1%
|
6 263
+2%
|
6 301
+1%
|
6 390
+1%
|
6 410
+0%
|
6 373
-1%
|
6 422
+1%
|
6 396
0%
|
6 419
+0%
|
6 497
+1%
|
6 559
+1%
|
6 712
+2%
|
6 889
+3%
|
7 091
+3%
|
7 346
+4%
|
7 463
+2%
|
7 660
+3%
|
7 746
+1%
|
7 848
+1%
|
7 998
+2%
|
8 086
+1%
|
8 259
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 181)
|
(2 402)
|
(2 624)
|
(2 737)
|
(2 747)
|
(2 767)
|
(2 775)
|
(2 770)
|
(3 014)
|
(3 185)
|
(3 389)
|
(3 488)
|
(3 429)
|
(3 408)
|
(3 405)
|
(3 482)
|
(3 530)
|
(3 625)
|
(3 704)
|
(3 778)
|
(3 802)
|
(3 247)
|
(3 859)
|
(3 862)
|
(3 865)
|
(3 904)
|
(3 919)
|
(3 946)
|
(4 028)
|
(4 082)
|
(4 178)
|
(4 256)
|
(4 351)
|
(4 452)
|
(4 529)
|
(4 602)
|
(4 662)
|
(4 695)
|
(4 761)
|
(4 856)
|
(4 967)
|
|
Depreciation & Amortization |
(688)
|
(755)
|
(826)
|
(862)
|
(873)
|
(892)
|
(904)
|
(921)
|
(983)
|
(1 046)
|
(1 112)
|
(1 168)
|
(1 179)
|
(1 184)
|
(1 195)
|
(1 218)
|
(1 243)
|
(1 275)
|
(1 304)
|
(1 326)
|
(1 350)
|
(1 373)
|
(1 401)
|
(1 424)
|
(1 428)
|
(1 443)
|
(1 446)
|
(1 468)
|
(1 505)
|
(1 540)
|
(1 588)
|
(1 630)
|
(1 668)
|
(1 697)
|
(1 720)
|
(1 741)
|
(1 773)
|
(1 804)
|
(1 844)
|
(1 881)
|
(1 927)
|
|
Other Operating Expenses |
(1 493)
|
(1 647)
|
(1 798)
|
(1 875)
|
(1 874)
|
(1 875)
|
(1 871)
|
(1 849)
|
(2 031)
|
(2 139)
|
(2 277)
|
(2 320)
|
(2 250)
|
(2 224)
|
(2 210)
|
(2 264)
|
(2 287)
|
(2 350)
|
(2 400)
|
(2 452)
|
(2 452)
|
(1 874)
|
(2 458)
|
(2 438)
|
(2 437)
|
(2 461)
|
(2 473)
|
(2 478)
|
(2 523)
|
(2 542)
|
(2 590)
|
(2 626)
|
(2 683)
|
(2 755)
|
(2 809)
|
(2 861)
|
(2 889)
|
(2 891)
|
(2 917)
|
(2 975)
|
(3 040)
|
|
Operating Income |
1 023
N/A
|
1 108
+8%
|
1 240
+12%
|
1 369
+10%
|
1 419
+4%
|
1 382
-3%
|
1 364
-1%
|
1 361
0%
|
1 483
+9%
|
1 767
+19%
|
2 057
+16%
|
2 356
+15%
|
2 511
+7%
|
2 480
-1%
|
2 432
-2%
|
2 398
-1%
|
2 365
-1%
|
2 405
+2%
|
2 360
-2%
|
2 349
0%
|
2 461
+5%
|
3 054
+24%
|
2 531
-17%
|
2 548
+1%
|
2 508
-2%
|
2 518
+0%
|
2 477
-2%
|
2 473
0%
|
2 469
0%
|
2 477
+0%
|
2 534
+2%
|
2 633
+4%
|
2 740
+4%
|
2 894
+6%
|
2 934
+1%
|
3 058
+4%
|
3 084
+1%
|
3 153
+2%
|
3 237
+3%
|
3 230
0%
|
3 292
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(553)
|
(563)
|
(577)
|
(559)
|
(559)
|
(571)
|
(569)
|
(576)
|
(654)
|
(744)
|
(833)
|
(912)
|
(870)
|
(917)
|
(928)
|
(948)
|
(960)
|
(996)
|
(1 006)
|
(1 011)
|
(1 002)
|
(1 006)
|
(1 002)
|
(992)
|
(996)
|
(981)
|
(981)
|
(979)
|
(961)
|
(976)
|
(995)
|
(1 064)
|
(1 108)
|
(1 144)
|
(1 178)
|
(1 197)
|
(1 220)
|
(1 250)
|
(1 281)
|
(1 269)
|
(1 338)
|
|
Non-Reccuring Items |
(58)
|
(56)
|
(72)
|
(30)
|
(9)
|
(33)
|
(25)
|
(35)
|
(39)
|
(35)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
588
|
588
|
588
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
23
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
180
|
185
|
165
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
39
|
46
|
46
|
47
|
47
|
238
|
62
|
61
|
68
|
83
|
91
|
100
|
72
|
93
|
91
|
92
|
46
|
78
|
82
|
80
|
94
|
82
|
93
|
104
|
108
|
138
|
141
|
140
|
131
|
132
|
133
|
148
|
171
|
177
|
183
|
179
|
183
|
196
|
204
|
223
|
220
|
|
Pre-Tax Income |
451
N/A
|
535
+19%
|
817
+53%
|
1 012
+24%
|
1 063
+5%
|
1 016
-4%
|
832
-18%
|
811
-3%
|
858
+6%
|
1 071
+25%
|
1 315
+23%
|
1 544
+17%
|
1 713
+11%
|
1 656
-3%
|
1 595
-4%
|
1 542
-3%
|
1 451
-6%
|
1 487
+2%
|
2 024
+36%
|
2 006
-1%
|
2 141
+7%
|
2 130
-1%
|
1 622
-24%
|
1 660
+2%
|
1 620
-2%
|
1 675
+3%
|
1 637
-2%
|
1 634
0%
|
1 639
+0%
|
1 633
0%
|
1 672
+2%
|
1 717
+3%
|
1 803
+5%
|
1 927
+7%
|
1 939
+1%
|
2 040
+5%
|
2 070
+1%
|
2 099
+1%
|
2 160
+3%
|
2 184
+1%
|
2 174
0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(66)
|
(84)
|
(151)
|
(199)
|
(223)
|
(208)
|
(160)
|
(160)
|
(145)
|
(209)
|
(283)
|
(349)
|
(420)
|
(366)
|
(325)
|
(271)
|
(209)
|
(223)
|
(287)
|
(267)
|
(289)
|
(281)
|
(214)
|
(240)
|
(231)
|
(243)
|
(233)
|
(224)
|
(234)
|
(231)
|
(236)
|
(252)
|
(289)
|
(322)
|
(318)
|
(345)
|
(360)
|
(361)
|
(381)
|
(372)
|
(346)
|
|
Income from Continuing Operations |
385
|
451
|
666
|
813
|
840
|
808
|
672
|
651
|
713
|
862
|
1 032
|
1 195
|
1 293
|
1 290
|
1 270
|
1 271
|
1 242
|
1 264
|
1 737
|
1 739
|
1 852
|
1 849
|
1 408
|
1 420
|
1 389
|
1 432
|
1 404
|
1 410
|
1 405
|
1 402
|
1 436
|
1 465
|
1 514
|
1 605
|
1 621
|
1 695
|
1 710
|
1 738
|
1 779
|
1 812
|
1 828
|
|
Income to Minority Interest |
(11)
|
(11)
|
(23)
|
(29)
|
(35)
|
(40)
|
(42)
|
(42)
|
(53)
|
(73)
|
(94)
|
(112)
|
(97)
|
(95)
|
(92)
|
(95)
|
(120)
|
(123)
|
(116)
|
(116)
|
(130)
|
(127)
|
(132)
|
(131)
|
(115)
|
(115)
|
(109)
|
(111)
|
(111)
|
(113)
|
(116)
|
(114)
|
(120)
|
(124)
|
(129)
|
(134)
|
(137)
|
(141)
|
(144)
|
(149)
|
(148)
|
|
Net Income (Common) |
317
N/A
|
372
+17%
|
569
+53%
|
706
+24%
|
728
+3%
|
692
-5%
|
555
-20%
|
531
-4%
|
585
+10%
|
717
+23%
|
867
+21%
|
1 018
+17%
|
963
-5%
|
992
+3%
|
975
-2%
|
973
0%
|
1 100
+13%
|
1 088
-1%
|
1 568
+44%
|
1 570
+0%
|
1 655
+5%
|
1 656
+0%
|
1 210
-27%
|
1 224
+1%
|
1 209
-1%
|
1 252
+4%
|
1 231
-2%
|
1 234
+0%
|
1 231
0%
|
1 226
0%
|
1 257
+3%
|
1 288
+2%
|
1 330
+3%
|
1 417
+7%
|
1 427
+1%
|
1 495
+5%
|
1 506
+1%
|
1 528
+1%
|
1 565
+2%
|
1 591
+2%
|
1 606
+1%
|
|
EPS (Diluted) |
1.22
N/A
|
1.31
+7%
|
2
+53%
|
2.47
+24%
|
2.56
+4%
|
2.39
-7%
|
1.94
-19%
|
1.83
-6%
|
1.87
+2%
|
1.76
-6%
|
2.07
+18%
|
2.42
+17%
|
2.31
-5%
|
2.34
+1%
|
2.29
-2%
|
2.28
0%
|
2.58
+13%
|
2.52
-2%
|
3.61
+43%
|
3.59
-1%
|
3.78
+5%
|
3.56
-6%
|
2.6
-27%
|
2.62
+1%
|
2.6
-1%
|
2.69
+3%
|
2.61
-3%
|
2.61
N/A
|
2.61
N/A
|
2.59
-1%
|
2.65
+2%
|
2.7
+2%
|
2.78
+3%
|
2.95
+6%
|
2.96
+0%
|
3.06
+3%
|
3.1
+1%
|
3.13
+1%
|
3.16
+1%
|
3.2
+1%
|
3.24
+1%
|