EMA FY 2018 Earnings Report — Emera Incorporated Revenue & Financial Results | Market Cap Arena

Emera IncorporatedEMA

FY 2018 Earnings

Reported December 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$4.8B	—	—	—	—
Op. Income	$1.0B	—	—	—	—
Gross Margin	40.7%	—	—	—	—
Net Margin	11.4%	—	—	—	—
EPS (Diluted)	$2.33	—	—	—	—
Free Cash Flow	-$345M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$2.8B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$20M
Other Expenses	$898M
Operating Expenses	$918M
Cost & Expenses	$3.7B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$521M
Other Income/Expenses	-$425M
INCOME BEFORE TAX	$596M
Income Tax Expense	$50M
Net Income from Continuing Ops	$546M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$545M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$519M
D&A	$678M
EBIT	$1.0B
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$2.8B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$20M
Other Expenses	$898M
Operating Expenses	$918M
Cost & Expenses	$3.7B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$521M
Other Income/Expenses	-$425M
INCOME BEFORE TAX	$596M
Income Tax Expense	$50M
Net Income from Continuing Ops	$546M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$545M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$519M
D&A	$678M
EBIT	$1.0B
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$546M
Depreciation & Amortization	$678M
Stock-Based Compensation	$13M
Deferred Income Tax	$135M
Other Non-Cash Items	-$33M
Change in Working Capital	-$85M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$1.6B
Acquisitions (Net)	$0
Purchases of Investments	-$36M
Sales/Maturities of Investments	$0
Other Investing Activities	$15M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$334M
Common Stock Repurchased	$0
Common Dividends Paid	-$253M
Other Financing Activities	$197M
NET CASH FROM FINANCING	$251M
FREE CASH FLOW	-$345M
Net Change in Cash	-$96M

Balance Sheet

Item	Amount
Cash & Equivalents	$200M
Short-Term Investments	$38M
Net Receivables	$680M
Inventory	$346M
Other Current Assets	$630M
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$13.7B
Goodwill	$4.6B
Intangible Assets	$0
Long-Term Investments	$962M
Tax Assets	$128M
Other Non-Current Assets	$2.2B
TOTAL NON-CURRENT ASSETS	$21.5B
TOTAL ASSETS	$23.6B
Account Payables	$942M
Short-Term Debt	$1.7B
Deferred Revenue	$11M
Other Current Liabilities	$487M
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$10.4B
Deferred Revenue NC	$2.3B
Deferred Tax Liabilities	$965M
Other Non-Current Liabilities	$501M
TOTAL NON-CURRENT LIABILITIES	$14.2B
TOTAL LIABILITIES	$17.5B
Common Stock	$4.3B
Additional Paid-In Capital	$61M
Retained Earnings	$786M
Treasury Stock	$0
Accum. Other Comp. Income	$247M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.1B
Minority Interest	$30M
TOTAL EQUITY	$6.1B
TOTAL LIABILITIES & EQUITY	$23.6B
Total Debt	$12.1B
Net Debt	$11.9B