EMA FY 2021 Earnings Report — Emera Incorporated Revenue & Financial Results | Market Cap Arena

Emera IncorporatedEMA

FY 2021 Earnings

Reported December 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$4.2B	—	$4.0B	—	4.7%
Op. Income	$680M	—	$838M	—	-18.9%
Gross Margin	37.6%	—	43.2%	—	-5.6pp
Net Margin	9.7%	—	17.9%	—	-8.1pp
EPS (Diluted)	$1.45	—	$2.76	—	-47.6%
Free Cash Flow	-$858M	—	-$721M	—	-19.1%

Revenue Flow

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.6B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$906M
Operating Expenses	$906M
Cost & Expenses	$3.5B
OPERATING INCOME	$680M
Interest Income	$0
Interest Expense	$447M
Other Income/Expenses	-$274M
INCOME BEFORE TAX	$406M
Income Tax Expense	-$4M
Net Income from Continuing Ops	$410M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$409M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$373M
D&A	$669M
EBIT	$685M
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.6B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$906M
Operating Expenses	$906M
Cost & Expenses	$3.5B
OPERATING INCOME	$680M
Interest Income	$0
Interest Expense	$447M
Other Income/Expenses	-$274M
INCOME BEFORE TAX	$406M
Income Tax Expense	-$4M
Net Income from Continuing Ops	$410M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$409M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$373M
D&A	$669M
EBIT	$685M
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$410M
Depreciation & Amortization	$669M
Stock-Based Compensation	$0
Deferred Income Tax	-$27M
Other Non-Cash Items	-$75M
Change in Working Capital	-$111M
OPERATING CASH FLOW	$866M
Capital Expenditure	-$1.7B
Acquisitions (Net)	$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$18M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$792M
Common Stock Repurchased	$0
Common Dividends Paid	-$324M
Other Financing Activities	-$10M
NET CASH FROM FINANCING	$958M
FREE CASH FLOW	-$858M
Net Change in Cash	$119M

Balance Sheet

Item	Amount
Cash & Equivalents	$288M
Short-Term Investments	$0
Net Receivables	$783M
Inventory	$393M
Other Current Assets	$780M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$14.9B
Goodwill	$4.2B
Intangible Assets	$0
Long-Term Investments	$1.0B
Tax Assets	$216M
Other Non-Current Assets	$2.5B
TOTAL NON-CURRENT ASSETS	$22.7B
TOTAL ASSETS	$25.0B
Account Payables	$1.1B
Short-Term Debt	$1.6B
Deferred Revenue	$0
Other Current Liabilities	$691M
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$10.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.4B
Other Non-Current Liabilities	$2.3B
TOTAL NON-CURRENT LIABILITIES	$14.0B
TOTAL LIABILITIES	$17.6B
Common Stock	$5.3B
Additional Paid-In Capital	$58M
Retained Earnings	$985M
Treasury Stock	$0
Accum. Other Comp. Income	$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.4B
Minority Interest	$25M
TOTAL EQUITY	$7.4B
TOTAL LIABILITIES & EQUITY	$25.0B
Total Debt	$12.0B
Net Debt	$11.7B