ENB Q4 2020 Earnings Report — Enbridge Inc. Revenue & Financial Results | Market Cap Arena

Enbridge Inc.ENB

Q4 2020 Earnings

Reported December 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2020	Q3 2020	Q4 2019	QoQ Change	YoY Change
Revenue	$7.3B	—	$9.0B	—	-19.0%
Op. Income	$1.6B	—	$1.3B	—	27.3%
Gross Margin	40.4%	—	32.5%	—	7.9pp
Net Margin	18.7%	—	6.8%	—	11.9pp
EPS (Diluted)	$0.67	—	$0.31	—	119.0%
Free Cash Flow	$422M	—	$267M	—	58.4%

Revenue Flow

Item	Amount
REVENUE	$7.3B
Cost of Revenue	$4.4B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.3B
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$5.7B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$383M
Other Income/Expenses	$109M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$366M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$691M
EBIT	$2.3B
EBITDA	$3.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$7.3B
Cost of Revenue	$4.4B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.3B
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$5.7B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$383M
Other Income/Expenses	$109M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$366M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$691M
EBIT	$2.3B
EBITDA	$3.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$691M
Stock-Based Compensation	$0
Deferred Income Tax	$387M
Other Non-Cash Items	-$710M
Change in Working Capital	-$88M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$1.2B
Acquisitions (Net)	$0
Purchases of Investments	-$54M
Sales/Maturities of Investments	$0
Other Investing Activities	$159M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$667M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.2B
Other Financing Activities	-$76M
NET CASH FROM FINANCING	-$676M
FREE CASH FLOW	$422M
Net Change in Cash	-$148M

Balance Sheet

Item	Amount
Cash & Equivalents	$330M
Short-Term Investments	$0
Net Receivables	$2.9B
Inventory	$1.1B
Other Current Assets	$1.0B
TOTAL CURRENT ASSETS	$5.4B
PP&E (Net)	$69.6B
Goodwill	$23.9B
Intangible Assets	$1.5B
Long-Term Investments	$10.1B
Tax Assets	$0
Other Non-Current Assets	$6.6B
TOTAL NON-CURRENT ASSETS	$111.8B
TOTAL ASSETS	$117.1B
Account Payables	$2.6B
Short-Term Debt	$3.3B
Deferred Revenue	$0
Other Current Liabilities	$3.8B
TOTAL CURRENT LIABILITIES	$10.2B
Long-Term Debt	$46.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13.3B
TOTAL NON-CURRENT LIABILITIES	$59.9B
TOTAL LIABILITIES	$70.1B
Common Stock	$47.3B
Additional Paid-In Capital	$202M
Retained Earnings	-$7.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$44.8B
Minority Interest	$2.2B
TOTAL EQUITY	$47.0B
TOTAL LIABILITIES & EQUITY	$117.1B
Total Debt	$50.0B
Net Debt	$49.6B