Fortis Inc. (FTS)

NYSE: FTS · Electric Services · St. John'S, NL · filing with the SEC since 2016

Grade5.4

◀ Past 6.3● Present 5.2▶ Future 4.8

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In millions of Canadian dollars (CAD), as filed; per-share figures in Canadian dollars; share counts in millions. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 12, 2026	Feb 14, 2025	Feb 9, 2024	Feb 10, 2023	Feb 11, 2022	Feb 12, 2021	Feb 13, 2020	Feb 15, 2019	Feb 15, 2018	Feb 16, 2017
Revenue	12,170	11,508	11,517	11,043	9,448	8,935	8,783	8,390	8,301	6,838
Cost of revenue	3,371	3,249	3,771	3,952	2,951	2,562	2,520	2,495	2,361	·
Total operating expenses	3,250	3,040	2,889	2,683	2,523	2,437	2,452	2,287	2,250^r	2,031
Total costs and expenses	8,678	8,216	8,433	8,303	6,979	6,427	6,322	6,025	5,790^r	5,355
Operating income	3,492	3,292	3,084	2,740	2,469	2,508	3,038	2,365	2,511^r	1,483
Interest expense	1,478	1,406	1,305	1,102	1,003	1,042	1,035	974	914	678
Interest and investment income	·	·	·	·	·	13	16	15	14	7
Interest income (expense), net	43	64	76	11	5	13	·	·	·	·
Share of profit of equity-method investments	15	14	14	·	7	20	-1	·	·	·
Other income (expense), net	1	7^r	2^r	19	12^r	-1^r	21^r	-7^r	9	2
Total non-operating income (expense)	340	288	291	165	173	154	138	60	116	53
Income before income taxes	2,354	2,174	2,070	1,803	1,639	1,620	2,141	1,451	1,713	858
Income tax expense	393	346	360	289	234	231	289	165	588	145
Net income including non-controlling interests	1,961	1,828	1,710	1,514	1,405	1,389	1,852	1,286	1,125	713
Net income to non-controlling interests	162	148	137	120	111	115	130	120	97	53
Net income to common shareholders	1,714	1,606	1,506	1,330	1,231	1,209	1,655	1,100	963	585
Earnings per share, basic	3.40	3.24	3.10	2.78	2.61	2.60	3.79	2.59	2.32	1.89
Earnings per share, diluted	3.40	3.24	3.10	2.78	2.61	2.60	3.78	2.59	2.31	1.89
Weighted average shares, basic	503.5	495.0	486.3	478.6	470.9	464.8	436.8	424.7	415.5	308.9
Weighted average shares, diluted	503.7	495.2	486.5	479.0	471.4	465.4	437.5	425.2	416.2	313.4

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton FTS · research, not advice