EMA FY 2020 Earnings Report — Emera Incorporated Revenue & Financial Results | Market Cap Arena

Emera IncorporatedEMA

FY 2020 Earnings

Reported December 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$4.0B	—	$4.5B	—	-9.9%
Op. Income	$838M	—	$981M	—	-14.6%
Gross Margin	43.2%	—	42.9%	—	0.3pp
Net Margin	17.9%	—	11.6%	—	6.3pp
EPS (Diluted)	$2.76	—	$2.02	—	37.0%
Free Cash Flow	-$721M	—	-$709M	—	-1.6%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.3B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1M
Other Expenses	$900M
Operating Expenses	$902M
Cost & Expenses	$3.2B
OPERATING INCOME	$838M
Interest Income	$0
Interest Expense	$496M
Other Income/Expenses	$130M
INCOME BEFORE TAX	$968M
Income Tax Expense	$249M
Net Income from Continuing Ops	$719M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$718M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$685M
D&A	$657M
EBIT	$863M
EBITDA	$1.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.3B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1M
Other Expenses	$900M
Operating Expenses	$902M
Cost & Expenses	$3.2B
OPERATING INCOME	$838M
Interest Income	$0
Interest Expense	$496M
Other Income/Expenses	$130M
INCOME BEFORE TAX	$968M
Income Tax Expense	$249M
Net Income from Continuing Ops	$719M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$718M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$685M
D&A	$657M
EBIT	$863M
EBITDA	$1.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$719M
Depreciation & Amortization	$657M
Stock-Based Compensation	$0
Deferred Income Tax	$278M
Other Non-Cash Items	-$617M
Change in Working Capital	$159M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$1.9B
Acquisitions (Net)	$1.0B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$894M
Net Debt Issuance	-$140M
Common Stock Repurchased	$0
Common Dividends Paid	-$299M
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$272M
FREE CASH FLOW	-$721M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$161M
Short-Term Investments	$0
Net Receivables	$609M
Inventory	$331M
Other Current Assets	$454M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$14.3B
Goodwill	$4.2B
Intangible Assets	$0
Long-Term Investments	$984M
Tax Assets	$0
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$21.2B
TOTAL ASSETS	$22.8B
Account Payables	$839M
Short-Term Debt	$2.2B
Deferred Revenue	$0
Other Current Liabilities	$348M
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$9.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3.5B
TOTAL NON-CURRENT LIABILITIES	$12.5B
TOTAL LIABILITIES	$16.1B
Common Stock	$4.9B
Additional Paid-In Capital	$58M
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$58M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.7B
Minority Interest	$25M
TOTAL EQUITY	$6.8B
TOTAL LIABILITIES & EQUITY	$22.8B
Total Debt	$11.3B
Net Debt	$11.1B