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 Hydro One.
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 | $8.48B | $7.84B | $7.78B | $7.22B | $7.29B | $6.48B | $6.15B | $5.99B | $6.55B | $6.54B |
| Cost of Revenue | $5.45B | $5.01B | $4.98B | $4.69B | $4.92B | $4.29B | $4.00B | $3.94B | $4.50B | $4.58B |
| Gross Profit | $3.03B | $2.84B | $2.80B | $2.53B | $2.37B | $2.19B | $2.15B | $2.05B | $2.06B | $1.95B |
| Gross Profit Ratio | 35.75% | 36.20% | 35.96% | 35.10% | 32.46% | 33.77% | 34.89% | 34.21% | 31.38% | 29.87% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $-996.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Expenses | $3.03B | $- | $798.00M | $785.00M | $760.00M | $752.00M | $-22.00M | $-24.00M | $-20.00M | $-19.00M |
| Operating Expenses | $3.03B | $-996.00M | $798.00M | $785.00M | $760.00M | $752.00M | $725.00M | $703.00M | $668.00M | $649.00M |
| Cost and Expenses | $8.48B | $6.00B | $5.78B | $5.48B | $5.68B | $5.04B | $4.73B | $4.64B | $5.16B | $5.23B |
| Interest Income | $24.00M | $12.00M | $7.00M | $3.00M | $5.00M | $7.00M | $7.00M | $2.00M | $2.00M | $3.00M |
| Interest Expense | $631.00M | $584.00M | $477.00M | $451.00M | $456.00M | $457.00M | $470.00M | $424.00M | $379.00M | $365.00M |
| Depreciation and Amortization | $909.00M | $852.00M | $966.00M | $922.00M | $884.00M | $878.00M | $837.00M | $817.00M | $778.00M | $649.00M |
| EBITDA | $2.89B | $2.69B | $2.81B | $2.52B | $2.36B | $2.17B | $2.18B | $2.05B | $2.06B | $1.96B |
| EBITDA Ratio | 34.02% | 34.32% | 35.39% | 34.69% | 32.03% | 32.84% | 34.31% | 33.61% | 30.86% | 29.38% |
| Operating Income | $- | $1.84B | $1.96B | $1.72B | $1.57B | $1.38B | $1.42B | $1.35B | $1.39B | $1.30B |
| Operating Income Ratio | 0.00% | 23.48% | 25.13% | 23.82% | 21.60% | 21.23% | 23.11% | 22.47% | 21.18% | 19.94% |
| Total Other Income Expenses Net | $1.35B | $-570.00M | $-693.00M | $-598.00M | $-595.00M | $-640.00M | $-571.00M | $-553.00M | $-503.00M | $-486.00M |
| Income Before Tax | $1.35B | $1.27B | $1.35B | $1.15B | $1.01B | $796.00M | $850.00M | $793.00M | $885.00M | $818.00M |
| Income Before Tax Ratio | 15.87% | 16.22% | 17.30% | 15.93% | 13.87% | 12.28% | 13.82% | 13.24% | 13.51% | 12.51% |
| Income Tax Expense | $181.00M | $178.00M | $288.00M | $178.00M | $-785.00M | $-6.00M | $915.00M | $111.00M | $139.00M | $105.00M |
| Net Income | $1.16B | $1.08B | $1.05B | $965.00M | $1.79B | $796.00M | $-71.00M | $676.00M | $740.00M | $703.00M |
| Net Income Ratio | 13.63% | 13.83% | 13.50% | 13.36% | 24.53% | 12.28% | -1.15% | 11.29% | 11.29% | 10.75% |
| EPS | $1.93 | $1.81 | $1.75 | $1.61 | $2.96 | $1.33 | $-0.12 | $1.11 | $1.21 | $1.39 |
| EPS Diluted | $1.92 | $1.81 | $1.75 | $1.61 | $2.95 | $1.33 | $-0.12 | $1.10 | $1.21 | $1.39 |
| Weighted Average Shares Outstanding | 599.34M | 599.45M | 598.62M | 598.08M | 597.42M | 596.44M | 595.76M | 595.29M | 595.00M | 496.27M |
| Weighted Average Shares Outstanding Diluted | 600.66M | 600.53M | 600.59M | 600.36M | 599.92M | 598.85M | 597.90M | 597.52M | 596.70M | 496.37M |
| 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 | $716.00M | $79.00M | $530.00M | $540.00M | $757.00M | $30.00M | $483.00M | $25.00M | $50.00M | $94.00M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $22.00M | $- | $- | $- |
| Cash and Short Term Investments | $716.00M | $79.00M | $530.00M | $540.00M | $757.00M | $30.00M | $483.00M | $25.00M | $50.00M | $94.00M |
| Net Receivables | $1.24B | $1.14B | $1.05B | $983.00M | $1.05B | $1.12B | $883.00M | $889.00M | $996.00M | $955.00M |
| Inventory | $29.00M | $35.00M | $25.00M | $22.00M | $23.00M | $21.00M | $20.00M | $18.00M | $19.00M | $21.00M |
| Other Current Assets | $136.00M | $97.00M | $256.00M | $281.00M | $161.00M | $101.00M | $105.00M | $87.00M | $83.00M | $96.00M |
| Total Current Assets | $2.12B | $1.35B | $1.86B | $1.83B | $1.99B | $1.27B | $1.49B | $1.02B | $1.15B | $1.17B |
| Property Plant Equipment Net | $29.15B | $26.92B | $25.13B | $23.90B | $22.71B | $21.58B | $20.69B | $19.95B | $19.14B | $17.97B |
| Goodwill | $373.00M | $373.00M | $373.00M | $373.00M | $373.00M | $325.00M | $325.00M | $325.00M | $327.00M | $163.00M |
| Intangible Assets | $661.00M | $656.00M | $608.00M | $570.00M | $514.00M | $456.00M | $410.00M | $369.00M | $349.00M | $336.00M |
| Goodwill and Intangible Assets | $1.03B | $1.03B | $981.00M | $943.00M | $887.00M | $781.00M | $735.00M | $694.00M | $676.00M | $499.00M |
| Long Term Investments | $46.00M | $43.00M | $35.00M | $22.00M | $7.00M | $2.68B | $1.72B | $3.05B | $3.15B | $3.05B |
| Tax Assets | $127.00M | $119.00M | $114.00M | $118.00M | $124.00M | $748.00M | $1.02B | $987.00M | $1.24B | $1.64B |
| Other Non-Current Assets | $4.21B | $3.38B | $3.33B | $3.58B | $4.58B | $12.00M | $5.00M | $5.00M | $7.00M | $9.00M |
| Total Non-Current Assets | $34.56B | $31.50B | $29.60B | $28.56B | $28.30B | $25.79B | $24.17B | $24.68B | $24.20B | $23.16B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $36.68B | $32.85B | $31.46B | $30.38B | $30.29B | $27.06B | $25.66B | $25.70B | $25.35B | $24.33B |
| Account Payables | $348.00M | $334.00M | $295.00M | $521.00M | $567.00M | $491.00M | $268.00M | $334.00M | $328.00M | $293.00M |
| Short Term Debt | $1.36B | $991.00M | $2.12B | $1.67B | $1.63B | $1.80B | $1.98B | $1.68B | $1.07B | $1.99B |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $336.00M | $38.00M | $- | $1.04B | $1.05B | $1.05B | $775.00M | $828.00M | $- | $832.00M |
| Other Current Liabilities | $1.45B | $1.36B | $1.24B | $787.00M | $783.00M | $791.00M | $777.00M | $728.00M | $764.00M | $713.00M |
| Total Current Liabilities | $3.50B | $2.72B | $3.65B | $2.98B | $2.98B | $3.09B | $3.03B | $2.74B | $2.16B | $3.00B |
| Long Term Debt | $16.37B | $14.75B | $13.07B | $13.06B | $12.80B | $10.89B | $8.02B | $9.80B | $10.08B | $5.28B |
| Deferred Revenue Non-Current | $- | $- | $- | $2.98B | $3.82B | $3.14B | $2.45B | $- | $- | $2.96B |
| Deferred Tax Liabilities Non-Current | $1.45B | $1.07B | $715.00M | $367.00M | $56.00M | $61.00M | $58.00M | $71.00M | $60.00M | $207.00M |
| Other Non-Current Liabilities | $3.19B | $2.55B | $2.62B | $19.00M | $17.00M | $11.00M | $10.00M | $2.83B | $2.96B | $17.00M |
| Total Non-Current Liabilities | $21.01B | $18.37B | $16.41B | $16.43B | $16.69B | $14.11B | $12.99B | $12.71B | $13.10B | $11.41B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $24.51B | $21.09B | $20.07B | $19.41B | $19.67B | $17.19B | $16.01B | $15.45B | $15.26B | $14.40B |
| Preferred Stock | $- | $- | $- | $- | $- | $418.00M | $418.00M | $418.00M | $418.00M | $418.00M |
| Common Stock | $5.71B | $5.71B | $5.70B | $5.69B | $5.68B | $5.66B | $5.64B | $5.63B | $5.62B | $5.62B |
| Retained Earnings | $6.36B | $5.95B | $5.56B | $5.17B | $4.84B | $3.67B | $3.46B | $4.09B | $3.95B | $3.81B |
| Accumulated Other Comprehensive Income Loss | $-12.00M | $-3.00M | $11.00M | $-12.00M | $-29.00M | $-5.00M | $-3.00M | $-7.00M | $-8.00M | $-8.00M |
| Other Total Stockholders Equity | $28.00M | $30.00M | $34.00M | $38.00M | $47.00M | $49.00M | $56.00M | $49.00M | $34.00M | $10.00M |
| Total Stockholders Equity | $12.09B | $11.68B | $11.31B | $10.89B | $10.53B | $9.79B | $9.57B | $10.18B | $10.02B | $9.85B |
| Total Equity | $12.17B | $11.77B | $11.39B | $10.98B | $10.63B | $9.87B | $9.64B | $10.25B | $10.09B | $9.92B |
| Total Liabilities and Stockholders Equity | $36.68B | $32.85B | $31.46B | $30.38B | $30.29B | $27.06B | $25.66B | $25.70B | $25.35B | $24.33B |
| Minority Interest | $84.00M | $85.00M | $86.00M | $88.00M | $94.00M | $79.00M | $70.00M | $72.00M | $72.00M | $75.00M |
| Total Liabilities and Total Equity | $36.68B | $32.85B | $31.46B | $30.38B | $30.29B | $27.06B | $25.66B | $25.70B | $25.35B | $24.33B |
| Total Investments | $46.00M | $43.00M | $35.00M | $22.00M | $7.00M | $2.68B | $1.72B | $3.05B | $3.15B | $3.05B |
| Total Debt | $17.73B | $15.74B | $15.19B | $14.72B | $14.41B | $12.70B | $12.45B | $11.48B | $11.15B | $10.21B |
| Net Debt | $17.02B | $15.66B | $14.66B | $14.19B | $13.66B | $12.67B | $11.97B | $11.46B | $11.10B | $10.12B |
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 | $1.17B | $1.08B | $1.06B | $973.00M | $1.80B | $802.00M | $-65.00M | $682.00M | $746.00M | $713.00M |
| Depreciation and Amortization | $909.00M | $996.00M | $798.00M | $785.00M | $760.00M | $752.00M | $725.00M | $703.00M | $668.00M | $649.00M |
| Deferred Income Tax | $140.00M | $133.00M | $260.00M | $154.00M | $-823.00M | $-30.00M | $890.00M | $85.00M | $114.00M | $-2.84B |
| Stock Based Compensation | $- | $- | $8.00M | $9.00M | $14.00M | $23.00M | $32.00M | $29.00M | $28.00M | $10.00M |
| Change in Working Capital | $249.00M | $252.00M | $61.00M | $100.00M | $180.00M | $55.00M | $-23.00M | $113.00M | $134.00M | $208.00M |
| Accounts Receivables | $-93.00M | $-94.00M | $-72.00M | $18.00M | $12.00M | $-73.00M | $11.00M | $195.00M | $-60.00M | $240.00M |
| Inventory | $6.00M | $-10.00M | $-3.00M | $1.00M | $58.00M | $88.00M | $-54.00M | $1.00M | $2.00M | $2.00M |
| Accounts Payables | $15.00M | $17.00M | $35.00M | $-1.00M | $38.00M | $7.00M | $-5.00M | $5.00M | $25.00M | $-23.00M |
| Other Working Capital | $321.00M | $339.00M | $101.00M | $82.00M | $72.00M | $33.00M | $25.00M | $-88.00M | $167.00M | $-11.00M |
| Other Non Cash Items | $71.00M | $-54.00M | $75.00M | $128.00M | $103.00M | $13.00M | $73.00M | $133.00M | $-6.00M | $21.00M |
| Net Cash Provided by Operating Activities | $2.53B | $2.41B | $2.26B | $2.15B | $2.03B | $1.61B | $1.57B | $1.72B | $1.66B | $-1.25B |
| Investments in Property Plant and Equipment | $-2.81B | $-2.48B | $-2.09B | $-2.07B | $-1.84B | $-1.63B | $-1.54B | $-1.55B | $-1.66B | $-1.63B |
| Acquisitions Net | $- | $- | $- | $- | $-126.00M | $12.00M | $- | $- | $-224.00M | $-90.00M |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-53.00M |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.63B |
| Other Investing Activities | $-322.00M | $-215.00M | $13.00M | $8.00M | $-7.00M | $-12.00M | $22.00M | $7.00M | $24.00M | $-1.56B |
| Net Cash Used for Investing Activities | $-3.13B | $-2.69B | $-2.07B | $-2.06B | $-1.98B | $-1.63B | $-1.52B | $-1.54B | $-1.86B | $-1.71B |
| Debt Repayment | $2.00B | $544.00M | $482.00M | $341.00M | $1.71B | $148.00M | $973.00M | $-89.00M | $776.00M | $1.25B |
| Common Stock Issued | $- | $- | $3.00M | $- | $7.00M | $6.00M | $- | $- | $- | $2.60B |
| Common Stock Repurchased | $- | $- | $- | $- | $-418.00M | $- | $- | $- | $- | $- |
| Dividends Paid | $-743.00M | $-700.00M | $-662.00M | $-629.00M | $-617.00M | $-588.00M | $-560.00M | $-536.00M | $-596.00M | $-888.00M |
| Other Financing Activities | $-25.00M | $-16.00M | $-20.00M | $-15.00M | $-425.00M | $-5.00M | $-14.00M | $424.00M | $-19.00M | $-12.00M |
| Net Cash Used Provided by Financing Activities | $1.23B | $-172.00M | $-197.00M | $-303.00M | $674.00M | $-439.00M | $399.00M | $-201.00M | $161.00M | $2.95B |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $637.00M | $-451.00M | $-10.00M | $-217.00M | $727.00M | $-453.00M | $458.00M | $-25.00M | $-44.00M | $-6.00M |
| Cash at End of Period | $716.00M | $79.00M | $530.00M | $540.00M | $757.00M | $30.00M | $483.00M | $25.00M | $50.00M | $94.00M |
| Cash at Beginning of Period | $79.00M | $530.00M | $540.00M | $757.00M | $30.00M | $483.00M | $25.00M | $50.00M | $94.00M | $100.00M |
| Operating Cash Flow | $2.53B | $2.41B | $2.26B | $2.15B | $2.03B | $1.61B | $1.57B | $1.72B | $1.66B | $-1.25B |
| Capital Expenditure | $-2.81B | $-2.48B | $-2.09B | $-2.07B | $-1.84B | $-1.63B | $-1.54B | $-1.55B | $-1.66B | $-1.63B |
| Free Cash Flow | $-274.00M | $-64.00M | $174.00M | $78.00M | $186.00M | $-14.00M | $37.00M | $169.00M | $-5.00M | $-2.88B |