ENB Q1 2019 Earnings Report — Enbridge Inc. Revenue & Financial Results | Market Cap Arena

Enbridge Inc.ENB

Q1 2019 Earnings

Reported March 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$9.4B	—	$9.3B	—	1.0%
Op. Income	$1.9B	—	$642M	—	198.3%
Gross Margin	33.0%	—	28.1%	—	4.9pp
Net Margin	15.4%	—	4.2%	—	11.3pp
EPS (Diluted)	$0.69	—	$0.19	—	261.5%
Free Cash Flow	$393M	—	$951M	—	-58.6%

Revenue Flow

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$6.3B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$7.5B
OPERATING INCOME	$1.9B
Interest Income	$0
Interest Expense	$501M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$427M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$614M
EBIT	$2.4B
EBITDA	$3.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$6.3B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$7.5B
OPERATING INCOME	$1.9B
Interest Income	$0
Interest Expense	$501M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$427M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$614M
EBIT	$2.4B
EBITDA	$3.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$614M
Stock-Based Compensation	$0
Deferred Income Tax	$318M
Other Non-Cash Items	-$305M
Change in Working Capital	-$487M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$1.2B
Acquisitions (Net)	$102M
Purchases of Investments	-$413M
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$1.3B
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$1.5B
Common Stock Repurchased	-$219M
Common Dividends Paid	-$1.1B
Other Financing Activities	-$50M
NET CASH FROM FINANCING	$72M
FREE CASH FLOW	$393M
Net Change in Cash	$88M

Balance Sheet

Item	Amount
Cash & Equivalents	$513M
Short-Term Investments	$0
Net Receivables	$4.8B
Inventory	$765M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.1B
PP&E (Net)	$68.6B
Goodwill	$24.8B
Intangible Assets	$1.7B
Long-Term Investments	$12.4B
Tax Assets	$944M
Other Non-Current Assets	$7.2B
TOTAL NON-CURRENT ASSETS	$115.6B
TOTAL ASSETS	$121.7B
Account Payables	$5.4B
Short-Term Debt	$3.8B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$9.6B
Long-Term Debt	$44.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7.1B
Other Non-Current Liabilities	$6.1B
TOTAL NON-CURRENT LIABILITIES	$58.1B
TOTAL LIABILITIES	$67.7B
Common Stock	$47.3B
Additional Paid-In Capital	$53M
Retained Earnings	-$2.7B
Treasury Stock	$0
Accum. Other Comp. Income	$1.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$51.4B
Minority Interest	$2.6B
TOTAL EQUITY	$54.0B
TOTAL LIABILITIES & EQUITY	$121.7B
Total Debt	$48.1B
Net Debt	$47.6B