Balance Sheet AltaGas Ltd.

Equities

ALA

CA0213611001

Natural Gas Utilities

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-09-17 pm EDT			5-day change	1st Jan Change
35.31 ^CAD	0.00%		+2.62%	+26.92%

Sep. 17	AltaGas Brief: Announcing US$900 Million Hybrid Subordinated Note Offering and Results of Series G and H Preferred Share Conversions	MT
Sep. 17	AltaGas Ltd. announces the company has priced an offering of USD 900 million aggregate principal amount of 7.20% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054	CI

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Published financial data: ALTAGAS LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	5.5B	5.59B	10.57B	14.09B	13B
Other Revenues, Total	-	-	-	-	-
Total Revenues	5.5B	5.59B	10.57B	14.09B	13B
Selling General & Admin Expenses, Total	1.29B	1.27B	1.48B	1.57B	1.56B
Depreciation & Amortization - (IS) - (Collected)	438M	414M	422M	439M	441M
Other Operating Expenses	3.2B	3.13B	7.65B	11.07B	10.07B
Total Operating Expenses	4.93B	4.81B	9.55B	13.08B	12.06B
Operating Income (REIT / Utility Template)	562M	775M	1.03B	1.01B	933M
Interest Expense, Total	-346M	-274M	-275M	-330M	-394M
Interest and Investment Income	9M	9M	11M	17M	13M
Net Interest Expenses	-337M	-265M	-264M	-313M	-381M
Income (Loss) on Equity Invest.	141M	49M	-261M	13M	55M
Currency Exchange Gains (Loss)	-1M	4M	4M	10M	-6M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	365M	563M	505M	719M	601M
Restructuring Charges	-	-	-1M	-	-
Total Merger & Related Restructuring Charges	-8M	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Investments	684M	228M	3M	-	-
Gain (Loss) on Sale of Assets	188M	17M	3M	3M	319M
Asset Writedown	-416M	-109M	-64M	-6M	-
Other Unusual Items	-	-	-	-	-8M
EBT, Incl. Unusual Items	813M	699M	446M	716M	912M
Income Tax Expense	-27.6M	127M	106M	143M	223M
Earnings From Continuing Operations	840M	572M	340M	573M	689M
Net Income to Company	840M	572M	340M	573M	689M
Minority Interest	-6.8M	-20M	-57M	-50M	-16M
Net Income - (IS)	834M	552M	283M	523M	673M
Preferred Dividend and Other Adjustments	65M	66M	53M	124M	32M
Net Income to Common Incl Extra Items	768M	486M	230M	399M	641M
Net Income to Common Excl. Extra Items	768M	486M	230M	399M	641M
Per Share Items
Net EPS - Basic	2.78	1.74	0.82	1.42	2.27
Basic EPS - Continuing Operations	2.78	1.74	0.82	1.42	2.27
Basic Weighted Average Shares Outstanding	277M	279M	280M	281M	282M
Net EPS - Diluted	2.77	1.74	0.82	1.41	2.26
Diluted EPS - Continuing Operations	2.77	1.74	0.82	1.41	2.26
Diluted Weighted Average Shares Outstanding	277M	280M	282M	283M	284M
Normalized Basic EPS	0.8	1.19	0.92	1.42	1.27
Normalized Diluted EPS	0.8	1.19	0.92	1.41	1.27
Dividend Per Share	0.96	0.96	1	1.06	1.12
Payout Ratio	40.1	60.51	125.8	64.63	50.97
Distributable Cash Payout Ratio (Income Trusts)	46.38	-	25.57	27.77	33.98
Supplemental Items
Utility Revenues	5.49B	5.45B	10.47B	13.99B	12.9B
Non Utility Revenues	200K	135M	104M	97M	101M
EBITDA	1.02B	1.21B	1.47B	1.47B	1.4B
EBITA	661M	860M	1.1B	1.09B	1.01B
EBIT	562M	775M	1.03B	1.01B	933M
EBITDAR	1.05B	1.25B	1.56B	1.57B	1.5B
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	-3.4	18.17	23.77	19.97	24.45
Current Domestic Taxes	26.7M	-	-	-	-
Current Foreign Taxes	36.6M	-	-	-	-
Total Current Taxes	63.3M	1M	59M	23M	43M
Deferred Domestic Taxes	11.6M	-	-	-	-
Deferred Foreign Taxes	-102M	-	-	-	-
Total Deferred Taxes	-90.9M	126M	47M	120M	180M
Normalized Net Income	221M	332M	259M	399M	360M
Distributable Cash	574M	-	1.1B	1.07B	930M
Interest Capitalized	14.5M	6M	1M	1M	2M
Interest on Long-Term Debt	14.8M	-	-	1M	1M
Non-Cash Pension Expense	11.1M	-3M	-18M	-24M	-2M
Supplemental Operating Expense Items
Net Rental Expense, Total	29.2M	43M	96M	100M	105M
Imputed Operating Lease Interest Expense	9.53M	11.94M	24.44M	28.05M	33.18M
Imputed Operating Lease Depreciation	19.67M	31.06M	71.56M	71.95M	71.82M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	50M	69M
Stock-Based Comp., Other (Total)	21.7M	16M	66M	-	-
Total Stock-Based Compensation	21.7M	16M	66M	50M	69M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	57.1M	32M	63M	53M	95M
Short Term Investments - (Utility / Insurance Templates)	-	-	-	-	-
Accounts Receivable, Total	1.26B	1.44B	1.4B	2.03B	1.72B
Other Receivables	17.4M	20M	35M	65M	131M
Accounts Receivable (Summary Subtotal)	1.28B	1.46B	1.44B	2.1B	1.85B
Inventory - (Utility Template)	506M	636M	782M	1.06B	847M
Prepaid Expenses	196M	204M	167M	162M	140M
Notes Receivable (Collected)	-	-	-	-	-
Restricted Cash	4M	3M	3M	-	-
Other Current Assets, Total	152M	157M	169M	1.27B	115M
Total Current Assets	2.2B	2.5B	2.62B	4.64B	3.04B
Gross Property Plant And Equipment	11.67B	13.1B	13.48B	13.65B	15.33B
Accumulated Depreciation	-1.37B	-1.84B	-1.85B	-1.68B	-2.27B
Net Property Plant And Equipment	10.3B	11.26B	11.63B	11.97B	13.06B
Regulatory Assets	487M	444M	436M	448M	329M
Goodwill	3.94B	5.04B	5.15B	5.25B	5.27B
Other Intangibles, Total	586M	551M	188M	159M	148M
Long-Term Investments - (Utility Template)	1.47B	887M	623M	654M	686M
Accounts Receivable Long-Term	47.4M	62M	56M	54M	51M
Loans Receivable Long-Term - (Utility Template)	45M	-	-	-	-
Deferred Tax Assets Long-Term (Collected)	-	-	-	-	-
Deferred Charges Long-Term	6.2M	12M	19M	36M	45M
Other Long-Term Assets, Total	724M	780M	860M	759M	832M
Total Assets	19.79B	21.53B	21.59B	23.96B	23.47B
Liabilities
Accounts Payable, Total	1.29B	1.54B	1.53B	1.89B	1.85B
Accrued Expenses, Total	25.7M	9M	8M	3M	4M
Short-Term Borrowings	460M	256M	169M	293M	129M
Current Portion of Long-Term Debt	919M	356M	505M	326M	999M
Current Portion of Leases	30.8M	99M	97M	100M	103M
Current Income Taxes Payable	33.1M	20M	1M	1M	1M
Unearned Revenue, Current	1.7M	-	-	-	-
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	363M	325M	348M	792M	325M
Total Current Liabilities	3.13B	2.61B	2.66B	3.41B	3.41B
Long-Term Debt	5.92B	7.62B	7.67B	9.22B	8.27B
Long-Term Leases	160M	312M	264M	232M	378M
Unearned Revenue Non Current	5.6M	9M	14M	-	17M
Pension & Other Post Retirement Benefits	504M	512M	511M	44M	332M
Deferred Tax Liability Non-Current	963M	1.12B	1.16B	1.37B	1.54B
Other Non Current Liabilities, Total	1.75B	1.69B	1.71B	2.07B	1.66B
Total Liabilities	12.43B	13.87B	13.99B	16.35B	15.61B
Preferred Stock Redeemable	1.31B	1.11B	1.11B	600M	400M
Preferred Stock - Others	-28.5M	-29M	-30M	-14M	-9M
Total Preferred Equity	1.28B	1.08B	1.08B	586M	391M
Common Stock, Total	6.72B	6.72B	6.74B	6.76B	7.12B
Additional Paid In Capital	377M	383M	388M	625M	624M
Retained Earnings	-1.4B	-1.19B	-1.24B	-1.14B	-817M
Comprehensive Income and Other	245M	50M	-7M	626M	395M
Total Common Equity	5.94B	5.96B	5.87B	6.87B	7.32B
Minority Interest	154M	620M	652M	162M	150M
Total Equity	7.37B	7.66B	7.6B	7.62B	7.86B
Total Liabilities And Equity	19.79B	21.53B	21.59B	23.96B	23.47B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	279M	280M	280M	282M	295M
ECS Total Common Shares Outstanding	279M	279M	280M	282M	295M
Book Value / Share	21.28	21.37	20.95	24.4	24.83
Tangible Book Value	1.41B	374M	532M	1.46B	1.9B
Tangible Book Value Per Share	5.05	1.34	1.9	5.19	6.46
Total Debt	7.49B	8.64B	8.71B	10.17B	9.88B
Net Debt	7.43B	8.61B	8.64B	10.12B	9.78B
Debt Equivalent of Unfunded Proj. Benefit Obligation	242M	154M	46M	9M	22M
Debt Equivalent Oper. Leases	234M	344M	768M	800M	840M
Minority Interest, Total (Incl. Fin. Div)	154M	620M	652M	162M	150M
Equity Method Investments, Total	1.46B	887M	623M	654M	686M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	56.3M	84M	70M	76M	66M
Inventories - Finished Goods, Total	385M	472M	630M	857M	579M
Inventories - Others	64.1M	80M	82M	127M	202M
Machinery, Total	-	-	-	-	-
Full Time Employees	2.8K	2.98K	2.93K	3.04K	-
Accumulated Allowance for Doubtful Accounts (Supple)	33.2M	41M	39M	41M	29M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	834M	552M	283M	523M	673M
Depreciation, Depletion & Amortization	358M	350M	365M	375M	394M
Amortization of Goodwill and Intangible Assets - (CF)	99.1M	85M	76M	84M	73M
Total Depreciation, Depletion & Amortization	457M	435M	441M	459M	467M
Amortization of Deferred Charges, Total	11.5M	8M	5M	6M	8M
(Gain) Loss On Sale of Asset - (CF)	-876M	-223M	-6M	-3M	-319M
(Gain) Loss on Sale of Investments - (CF)	4.1M	-22M	-	-	-
Total Asset Writedown	416M	109M	64M	6M	-
(Income) Loss On Equity Investments - (CF)	-31.4M	-23M	274M	1M	-42M
Stock-Based Compensation (CF)	3.5M	6M	7M	3M	1M
Provision and Write-off of Bad Debts	26.7M	25M	14M	26M	24M
Change in Accounts Receivable	168M	21M	-206M	-691M	271M
Change In Inventories	-2.1M	32M	-232M	-324M	242M
Change in Accounts Payable	-280M	-41M	92M	377M	-178M
Change in Other Net Operating Assets (Collected)	-118M	-215M	-64M	-12M	-235M
Other Operating Activities	2.2M	109M	66M	168M	209M
Cash from Operations	616M	773M	738M	539M	1.12B
Capital Expenditure	-1.3B	-825M	-805M	-945M	-934M
Sale of Property, Plant, and Equipment	3.62B	74M	346M	245M	1.07B
Cash Acquisitions	-	-675M	-	-285M	-327M
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-37.7M	-18M	-9M	-13M	-9M
Investment in Marketable and Equity Securities, Total	-179M	308M	-8M	1M	-3M
Net (Increase) Decrease in Loans Originated / Sold - Investing	73.5M	-	-	-	-
Other Investing Activities, Total	-	-75M	-7M	-	-
Cash from Investing	2.18B	-1.21B	-483M	-997M	-199M
Short Term Debt Issued, Total	-	-	-	128M	-
Long-Term Debt Issued, Total	889M	2.15B	446M	1.73B	871M
Total Debt Issued	889M	2.15B	446M	1.86B	871M
Short Term Debt Repaid, Total	-701M	-157M	-78M	-	-
Long-Term Debt Repaid, Total	-2.79B	-1.06B	-240M	-513M	-1.02B
Total Debt Repaid	-3.49B	-1.21B	-318M	-513M	-1.02B
Issuance of Common Stock	68.9M	7M	14M	25M	17M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-37.6M	-200M	-	-574M	-200M
Common Dividends Paid	-266M	-268M	-303M	-298M	-316M
Preferred Dividends Paid	-68.5M	-66M	-53M	-40M	-27M
Common & Preferred Stock Dividends Paid	-334M	-334M	-356M	-338M	-343M
Other Financing Activities, Total	34.5M	-21M	-31M	-27M	-211M
Cash from Financing	-2.87B	392M	-245M	435M	-882M
Foreign Exchange Rate Adjustments	-9.1M	-2M	-	4M	-
Miscellaneous Cash Flow Adjustments	4.9M	-	-	-1M	-
Net Change in Cash	-78.7M	-48M	10M	-20M	40M
Supplemental Items
Maintenance CAPEX	26M	-	20M	74M	57M
Cash Interest Paid	352M	276M	279M	304M	377M
Cash Income Tax Paid (Refund)