EMA FY 2024 Earnings Report — Emera Incorporated Revenue & Financial Results | Market Cap Arena

Emera IncorporatedEMA

FY 2024 Earnings

Reported February 21, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$5.3B	—	$5.5B	—	-4.8%
Op. Income	$789M	—	$1.3B	—	-39.8%
Gross Margin	40.3%	—	43.4%	—	-3.1pp
Net Margin	7.9%	—	13.8%	—	-5.9pp
EPS (Diluted)	$1.25	—	$2.61	—	-52.1%
Free Cash Flow	-$369M	—	-$509M	—	27.4%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$18M
Other Expenses	$1.3B
Operating Expenses	$1.3B
Cost & Expenses	$4.5B
OPERATING INCOME	$789M
Interest Income	$17M
Interest Expense	$713M
Other Income/Expenses	-$490M
INCOME BEFORE TAX	$299M
Income Tax Expense	-$116M
Net Income from Continuing Ops	$415M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$414M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$361M
D&A	$851M
EBIT	$979M
EBITDA	$1.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$18M
Other Expenses	$1.3B
Operating Expenses	$1.3B
Cost & Expenses	$4.5B
OPERATING INCOME	$789M
Interest Income	$17M
Interest Expense	$713M
Other Income/Expenses	-$490M
INCOME BEFORE TAX	$299M
Income Tax Expense	-$116M
Net Income from Continuing Ops	$415M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$414M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$361M
D&A	$851M
EBIT	$979M
EBITDA	$1.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$415M
Depreciation & Amortization	$851M
Stock-Based Compensation	$0
Deferred Income Tax	-$140M
Other Non-Cash Items	$476M
Change in Working Capital	$330M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$2.3B
Acquisitions (Net)	$677M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	-$361M
Common Stock Repurchased	$0
Common Dividends Paid	-$393M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$598M
FREE CASH FLOW	-$369M
Net Change in Cash	-$268M

Balance Sheet

Item	Amount
Cash & Equivalents	$143M
Short-Term Investments	$0
Net Receivables	$867M
Inventory	$571M
Other Current Assets	$1.0B
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$19.1B
Goodwill	$4.3B
Intangible Assets	$0
Long-Term Investments	$478M
Tax Assets	$286M
Other Non-Current Assets	$4.5B
TOTAL NON-CURRENT ASSETS	$28.7B
TOTAL ASSETS	$31.4B
Account Payables	$1.5B
Short-Term Debt	$1.2B
Deferred Revenue	$0
Other Current Liabilities	$862M
TOTAL CURRENT LIABILITIES	$3.7B
Long-Term Debt	$13.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.7B
Other Non-Current Liabilities	$3.0B
TOTAL NON-CURRENT LIABILITIES	$17.9B
TOTAL LIABILITIES	$21.7B
Common Stock	$6.6B
Additional Paid-In Capital	$61M
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	$922M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.7B
Minority Interest	$10M
TOTAL EQUITY	$9.7B
TOTAL LIABILITIES & EQUITY	$31.4B
Total Debt	$14.5B
Net Debt	$14.3B