Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Enbridge.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.47B | $43.65B | $53.31B | $47.07B | $39.09B | $50.07B | $46.38B | $44.38B | $34.56B | $33.79B |
| Cost of Revenue | $34.21B | $25.98B | $36.91B | $32.55B | $24.38B | $34.40B | $32.65B | $31.80B | $26.25B | $27.27B |
| Gross Profit | $19.27B | $17.67B | $16.40B | $14.52B | $14.71B | $15.67B | $13.73B | $12.58B | $8.31B | $6.53B |
| Gross Profit Ratio | 36.03% | 40.50% | 30.77% | 30.80% | 37.62% | 31.30% | 29.61% | 28.34% | 24.06% | 19.32% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $-135.00M | $8.22B | $6.71B | $6.75B | $6.99B | $6.79B | $6.44B | $4.36B | $4.25B |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $-135.00M | $8.22B | $6.71B | $6.75B | $6.99B | $6.79B | $6.44B | $4.36B | $4.25B |
| Other Expenses | $9.62B | $9.15B | $-589.00M | $374.00M | $74.00M | $258.00M | $516.00M | $199.00M | $1.03B | $-702.00M |
| Operating Expenses | $9.62B | $8.60B | $8.22B | $6.71B | $6.75B | $6.99B | $6.79B | $6.44B | $4.36B | $4.23B |
| Cost and Expenses | $43.82B | $34.58B | $45.12B | $39.27B | $31.13B | $41.39B | $39.44B | $38.24B | $30.60B | $31.49B |
| Interest Income | $-18.00M | $10.00M | $3.18B | $2.65B | $2.79B | $2.66B | $131.00M | $270.00M | $26.00M | $24.00M |
| Interest Expense | $4.40B | $3.82B | $3.22B | $2.71B | $2.84B | $2.73B | $2.83B | $2.83B | $1.59B | $1.62B |
| Depreciation and Amortization | $5.17B | $4.61B | $4.32B | $3.85B | $3.71B | $3.39B | $3.25B | $3.16B | $2.24B | $2.02B |
| EBITDA | $16.87B | $16.31B | $9.85B | $12.28B | $9.33B | $12.17B | $7.64B | $5.73B | $5.85B | $3.31B |
| EBITDA Ratio | 31.54% | 37.38% | 18.00% | 29.30% | 33.09% | 27.77% | 26.61% | 24.49% | 22.16% | 12.13% |
| Operating Income | $9.65B | $8.65B | $9.70B | $7.80B | $7.96B | $8.26B | $4.82B | $1.57B | $2.58B | $1.86B |
| Operating Income Ratio | 18.04% | 19.82% | 18.19% | 16.58% | 20.36% | 16.50% | 10.38% | 3.54% | 7.47% | 5.51% |
| Total Other Income Expenses Net | $-2.35B | $-772.00M | $-636.00M | $-76.00M | $-3.77B | $-725.00M | $-3.97B | $-5.14B | $-1.47B | $-1.85B |
| Income Before Tax | $7.30B | $7.88B | $4.54B | $7.73B | $4.19B | $7.54B | $3.57B | $569.00M | $2.45B | $11.00M |
| Income Before Tax Ratio | 13.65% | 18.05% | 8.52% | 16.42% | 10.72% | 15.05% | 7.70% | 1.28% | 7.09% | 0.03% |
| Income Tax Expense | $1.67B | $1.82B | $1.60B | $1.42B | $774.00M | $1.71B | $237.00M | $-2.70B | $142.00M | $170.00M |
| Net Income | $5.44B | $6.19B | $3.00B | $6.19B | $3.36B | $5.71B | $2.88B | $2.86B | $2.07B | $251.00M |
| Net Income Ratio | 10.18% | 14.18% | 5.63% | 13.15% | 8.60% | 11.39% | 6.21% | 6.44% | 5.99% | 0.74% |
| EPS | $2.34 | $2.84 | $1.28 | $2.87 | $1.48 | $2.64 | $1.67 | $1.66 | $1.95 | $-0.04 |
| EPS Diluted | $2.34 | $2.84 | $1.28 | $2.87 | $1.48 | $2.63 | $1.67 | $1.65 | $1.93 | $-0.04 |
| Weighted Average Shares Outstanding | 2.15B | 2.06B | 2.02B | 2.02B | 2.02B | 2.02B | 1.72B | 1.52B | 911.00M | 847.00M |
| Weighted Average Shares Outstanding Diluted | 2.16B | 2.06B | 2.03B | 2.02B | 2.02B | 2.02B | 1.73B | 1.53B | 918.00M | 858.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.80B | $5.90B | $861.00M | $286.00M | $452.00M | $648.00M | $518.00M | $480.00M | $2.12B | $1.01B |
| Short Term Investments | $- | $-996.00M | $660.00M | $64.00M | $- | $- | $22.00M | $8.00M | $- | $2.00M |
| Cash and Short Term Investments | $1.80B | $5.90B | $861.00M | $286.00M | $452.00M | $648.00M | $518.00M | $480.00M | $2.12B | $1.01B |
| Net Receivables | $7.38B | $4.84B | $7.37B | $6.18B | $5.00B | $6.52B | $5.29B | $7.10B | $3.83B | $3.76B |
| Inventory | $1.49B | $1.48B | $2.25B | $1.67B | $1.54B | $1.30B | $1.34B | $1.53B | $1.23B | $1.11B |
| Other Current Assets | $2.49B | $2.18B | $- | $- | $- | $- | $1.43B | $107.00M | $1.23B | $1.71B |
| Total Current Assets | $13.16B | $14.40B | $12.15B | $8.96B | $7.35B | $8.82B | $8.57B | $9.21B | $8.41B | $7.60B |
| Property Plant Equipment Net | $131.10B | $105.31B | $104.46B | $100.07B | $94.57B | $93.72B | $94.54B | $90.71B | $64.28B | $64.43B |
| Goodwill | $36.60B | $31.85B | $32.44B | $32.77B | $32.70B | $33.15B | $34.46B | $34.46B | $78.00M | $80.00M |
| Intangible Assets | $4.59B | $3.54B | $4.02B | $4.01B | $2.08B | $2.17B | $2.37B | $3.27B | $1.57B | $1.35B |
| Goodwill and Intangible Assets | $41.19B | $35.38B | $36.46B | $36.78B | $34.78B | $35.33B | $36.83B | $37.72B | $1.65B | $1.43B |
| Long Term Investments | $20.69B | $17.79B | $15.94B | $13.32B | $13.82B | $16.53B | $16.71B | $16.64B | $6.84B | $7.01B |
| Tax Assets | $796.00M | $341.00M | $472.00M | $488.00M | $770.00M | $1.00B | $1.37B | $1.09B | $1.17B | $839.00M |
| Other Non-Current Assets | $12.03B | $7.09B | $10.13B | $9.24B | $9.00B | $7.87B | $8.88B | $6.71B | $3.48B | $3.36B |
| Total Non-Current Assets | $205.81B | $165.92B | $167.46B | $159.91B | $152.94B | $154.44B | $158.33B | $152.88B | $77.42B | $77.07B |
| Other Assets | $- | $- | $- | $- | $-12.00M | $- | $- | $- | $- | $- |
| Total Assets | $218.97B | $180.32B | $179.61B | $168.86B | $160.28B | $163.27B | $166.91B | $162.09B | $85.83B | $84.66B |
| Account Payables | $7.06B | $4.31B | $6.17B | $4.47B | $3.50B | $4.54B | $4.60B | $5.13B | $3.72B | $561.00M |
| Short Term Debt | $8.26B | $6.62B | $8.04B | $7.68B | $4.08B | $5.30B | $4.28B | $4.32B | $5.07B | $2.95B |
| Tax Payables | $959.00M | $596.00M | $683.00M | $478.00M | $622.00M | $890.00M | $801.00M | $- | $321.00M | $376.00M |
| Deferred Revenue | $1.07B | $1.18B | $1.06B | $5.27B | $5.49B | $5.23B | $801.00M | $3.85B | $138.00M | $324.00M |
| Other Current Liabilities | $6.46B | $4.87B | $4.35B | $5.60B | $5.78B | $5.28B | $5.17B | $5.17B | $3.71B | $6.84B |
| Total Current Liabilities | $23.81B | $17.43B | $20.30B | $18.23B | $13.98B | $16.01B | $14.86B | $14.62B | $12.97B | $10.81B |
| Long Term Debt | $93.41B | $74.72B | $73.62B | $68.57B | $63.50B | $60.35B | $60.33B | $56.80B | $33.10B | $37.40B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $4.07B | $3.39B | $2.14B |
| Deferred Tax Liabilities Non-Current | $19.60B | $15.03B | $13.78B | $11.69B | $10.33B | $9.87B | $9.45B | $9.29B | $6.04B | $5.92B |
| Other Non-Current Liabilities | $13.26B | $8.65B | $8.51B | $7.00B | $8.10B | $7.63B | $8.83B | $3.44B | $1.59B | $3.92B |
| Total Non-Current Liabilities | $126.27B | $98.40B | $95.91B | $87.27B | $81.93B | $77.85B | $78.61B | $81.74B | $50.90B | $53.65B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $150.08B | $115.83B | $116.21B | $105.50B | $95.91B | $93.86B | $93.47B | $96.36B | $63.87B | $64.47B |
| Preferred Stock | $6.82B | $6.82B | $6.82B | $7.75B | $7.75B | $7.75B | $7.75B | $7.75B | $7.25B | $6.51B |
| Common Stock | $71.74B | $69.18B | $64.76B | $64.80B | $64.77B | $64.75B | $64.68B | $50.74B | $10.49B | $7.39B |
| Retained Earnings | $-20.05B | $-17.11B | $-15.49B | $-10.99B | $-9.99B | $-6.31B | $-5.54B | $-2.47B | $-716.00M | $142.00M |
| Accumulated Other Comprehensive Income Loss | $7.12B | $2.30B | $3.52B | $-1.10B | $-1.40B | $-272.00M | $2.67B | $-973.00M | $1.06B | $1.63B |
| Other Total Stockholders Equity | $275.00M | $268.00M | $275.00M | $365.00M | $277.00M | $187.00M | $-88.00M | $3.19B | $3.40B | $3.30B |
| Total Stockholders Equity | $65.90B | $61.45B | $59.89B | $60.83B | $61.37B | $66.04B | $69.47B | $58.13B | $21.39B | $18.90B |
| Total Equity | $68.89B | $64.48B | $63.40B | $63.37B | $64.36B | $69.41B | $73.44B | $65.73B | $21.96B | $20.20B |
| Total Liabilities and Stockholders Equity | $218.97B | $180.32B | $179.61B | $168.86B | $160.28B | $163.27B | $166.91B | $162.09B | $85.83B | $84.66B |
| Minority Interest | $2.99B | $3.03B | $3.51B | $2.54B | $3.00B | $3.36B | $3.96B | $7.60B | $577.00M | $1.30B |
| Total Liabilities and Total Equity | $218.97B | $180.32B | $179.61B | $168.86B | $160.28B | $163.27B | $166.91B | $162.09B | $85.83B | $84.66B |
| Total Investments | $20.69B | $16.79B | $15.94B | $13.32B | $13.82B | $16.53B | $16.71B | $16.64B | $6.84B | $7.01B |
| Total Debt | $101.67B | $81.20B | $80.98B | $75.64B | $66.90B | $64.96B | $64.61B | $65.18B | $41.57B | $42.49B |
| Net Debt | $99.87B | $75.30B | $80.12B | $75.35B | $66.44B | $64.31B | $64.09B | $64.70B | $39.45B | $41.48B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $5.63B | $6.06B | $2.94B | $6.31B | $3.42B | $5.83B | $3.33B | $3.27B | $2.31B | $-159.00M |
| Depreciation and Amortization | $5.17B | $4.61B | $4.32B | $3.85B | $3.71B | $3.39B | $3.25B | $3.16B | $2.24B | $2.02B |
| Deferred Income Tax | $719.00M | $1.42B | $957.00M | $1.09B | $447.00M | $1.16B | $-148.00M | $-2.88B | $43.00M | $7.00M |
| Stock Based Compensation | $- | $- | $260.00M | $157.00M | $145.00M | $117.00M | $- | $165.00M | $130.00M | $97.00M |
| Change in Working Capital | $-133.00M | $2.31B | $-12.00M | $-1.62B | $93.00M | $-259.00M | $915.00M | $-314.00M | $-358.00M | $-686.00M |
| Accounts Receivables | $-1.66B | $1.14B | $-950.00M | $-1.27B | $1.55B | $-653.00M | $911.00M | $-759.00M | $-444.00M | $766.00M |
| Inventory | $177.00M | $763.00M | $-599.00M | $-118.00M | $-254.00M | $-24.00M | $164.00M | $-289.00M | $-371.00M | $-315.00M |
| Accounts Payables | $1.38B | $-1.61B | $1.12B | $-11.00M | $-769.00M | $151.00M | $-273.00M | $224.00M | $467.00M | $-1.48B |
| Other Working Capital | $-24.00M | $2.01B | $421.00M | $-221.00M | $-438.00M | $267.00M | $113.00M | $510.00M | $-10.00M | $343.00M |
| Other Non Cash Items | $1.22B | $-201.00M | $2.77B | $77.00M | $268.00M | $56.00M | $92.00M | $-48.00M | $194.00M | $-64.00M |
| Net Cash Provided by Operating Activities | $12.60B | $14.20B | $11.23B | $9.26B | $9.78B | $9.40B | $10.50B | $6.58B | $5.21B | $4.57B |
| Investments in Property Plant and Equipment | $-6.93B | $-4.88B | $-4.82B | $-8.09B | $-5.62B | $-5.69B | $-7.35B | $-8.86B | $-5.25B | $-7.37B |
| Acquisitions Net | $-10.75B | $-943.00M | $-306.00M | $-3.79B | $-24.00M | $2.12B | $5.83B | $657.00M | $-645.00M | $-106.00M |
| Purchases of Investments | $- | $-1.28B | $-1.04B | $-640.00M | $-487.00M | $-1.16B | $-1.31B | $-4.19B | $-467.00M | $-622.00M |
| Sales Maturities of Investments | $- | $- | $657.00M | $8.09B | $5.62B | $-2.12B | $- | $683.00M | $-127.00M | $-101.00M |
| Other Investing Activities | $-2.69B | $-88.00M | $241.00M | $-6.23B | $-4.67B | $2.19B | $5.64B | $712.00M | $1.30B | $270.00M |
| Net Cash Used for Investing Activities | $-20.36B | $-7.18B | $-5.27B | $-10.66B | $-5.18B | $-4.66B | $-3.02B | $-11.00B | $-5.19B | $-7.93B |
| Debt Repayment | $9.69B | $876.00M | $2.50B | $9.12B | $2.53B | $2.21B | $-3.58B | $3.90B | $-411.00M | $3.66B |
| Common Stock Issued | $2.48B | $4.45B | $3.00M | $5.00M | $5.00M | $18.00M | $21.00M | $1.55B | $2.26B | $57.00M |
| Common Stock Repurchased | $- | $-125.00M | $-1.15B | $-415.00M | $- | $-300.00M | $-210.00M | $- | $- | $- |
| Dividends Paid | $-8.26B | $-7.63B | $-7.31B | $-7.13B | $-6.94B | $-6.36B | $-3.84B | $-3.08B | $-1.44B | $-1.24B |
| Other Financing Activities | $-369.00M | $-437.00M | $-1.58B | $-773.00M | $-367.00M | $-613.00M | $-1.48B | $1.11B | $434.00M | $592.00M |
| Net Cash Used Provided by Financing Activities | $3.54B | $-2.86B | $-5.43B | $1.22B | $-4.77B | $-4.75B | $-7.50B | $3.48B | $1.10B | $2.97B |
| Effect of Forex Changes on Cash | $234.00M | $-216.00M | $55.00M | $-5.00M | $-20.00M | $44.00M | $68.00M | $-72.00M | $-19.00M | $143.00M |
| Net Change in Cash | $-3.98B | $5.08B | $587.00M | $-170.00M | $-186.00M | $39.00M | $50.00M | $-1.01B | $1.10B | $-246.00M |
| Cash at End of Period | $2.00B | $5.99B | $907.00M | $320.00M | $490.00M | $676.00M | $637.00M | $480.00M | $2.12B | $1.01B |
| Cash at Beginning of Period | $5.99B | $907.00M | $320.00M | $490.00M | $676.00M | $637.00M | $587.00M | $1.49B | $1.01B | $1.26B |
| Operating Cash Flow | $12.60B | $14.20B | $11.23B | $9.26B | $9.78B | $9.40B | $10.50B | $6.58B | $5.21B | $4.57B |
| Capital Expenditure | $-6.93B | $-4.88B | $-4.82B | $-8.09B | $-5.62B | $-5.69B | $-7.35B | $-8.86B | $-5.25B | $-7.37B |
| Free Cash Flow | $5.67B | $9.32B | $6.41B | $1.16B | $4.16B | $3.71B | $3.16B | $-2.28B | $-44.00M | $-2.80B |