Cash flow Enbridge Inc.

Equities

ENB

CA29250N1050

Oil & Gas Transportation Services

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-01-13 pm EST			5-day change	1st Jan Change
62.47 ^CAD	-0.43%		+1.40%	+2.39%

Jan. 13	Enbridge Preps Pipeline Buildout for Trump-Driven Drilling Boom	MT
Jan. 07	Alberta Government Working With Enbridge to Expand Pipeline Capacity -- OPIS	DJ

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Published financial data: ENBRIDGE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	50.07B	39.09B	47.07B	53.31B	43.65B
Total Revenues	50.07B	39.09B	47.07B	53.31B	43.65B
Cost of Goods Sold, Total	31B	20.67B	28.7B	32.59B	21.37B
Gross Profit	19.06B	18.42B	18.37B	20.72B	22.28B
Selling General & Admin Expenses, Total	6.89B	6.6B	6.55B	7.98B	8.46B
Depreciation & Amortization - (IS)	3.39B	3.71B	3.85B	4.32B	4.61B
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	10.28B	10.31B	10.4B	12.3B	13.08B
Operating Income	8.78B	8.1B	7.97B	8.42B	9.2B
Interest Expense, Total	-2.66B	-2.79B	-2.66B	-3.18B	-3.81B
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-2.66B	-2.79B	-2.66B	-3.18B	-3.81B
Income (Loss) On Equity Invest.	1.5B	1.14B	1.71B	3.13B	1.82B
Currency Exchange Gains (Loss)	477M	181M	286M	-1B	692M
Other Non Operating Income (Expenses)	157M	-73M	232M	186M	382M
EBT, Excl. Unusual Items	8.26B	6.56B	7.54B	7.56B	8.28B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-21M	-	-
Impairment of Goodwill	-	-	-	-2.46B	-
Gain (Loss) On Sale Of Investments	-	-2.35B	-111M	-	-
Gain (Loss) On Sale Of Assets	-300M	-17M	319M	-12M	15M
Asset Writedown	-423M	-	-	-541M	-419M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	7.54B	4.19B	7.73B	4.54B	7.88B
Income Tax Expense	1.71B	774M	1.42B	1.6B	1.82B
Earnings From Continuing Operations	5.83B	3.42B	6.31B	2.94B	6.06B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	5.83B	3.42B	6.31B	2.94B	6.06B
Minority Interest	-122M	-53M	-125M	65M	133M
Net Income - (IS)	5.7B	3.36B	6.19B	3B	6.19B
Preferred Dividend and Other Adjustments	383M	380M	373M	414M	352M
Net Income to Common Incl Extra Items	5.32B	2.98B	5.82B	2.59B	5.84B
Net Income to Common Excl. Extra Items	5.32B	2.98B	5.82B	2.59B	5.84B
Per Share Items
Net EPS - Basic	2.64	1.48	2.87	1.28	2.84
Basic EPS - Continuing Operations	2.64	1.48	2.87	1.28	2.84
Basic Weighted Average Shares Outstanding	2.02B	2.02B	2.02B	2.02B	2.06B
Net EPS - Diluted	2.63	1.48	2.87	1.28	2.84
Diluted EPS - Continuing Operations	2.63	1.48	2.87	1.28	2.84
Diluted Weighted Average Shares Outstanding	2.02B	2.02B	2.02B	2.03B	2.06B
Normalized Basic EPS	2.5	2	2.27	2.37	2.58
Normalized Diluted EPS	2.49	2	2.27	2.36	2.58
Dividend Per Share	2.95	3.24	3.34	3.44	3.55
Payout Ratio	111.41	206.36	115.25	243.29	123.21
Distributable Cash Payout Ratio (Income Trusts)	-	-	-	-	-
Supplemental Items
EBITDA	12.18B	11.82B	11.82B	12.74B	13.82B
EBITA	9.08B	8.4B	8.32B	8.91B	9.74B
EBIT	8.78B	8.1B	7.97B	8.42B	9.2B
EBITDAR	12.29B	11.92B	11.92B	12.86B	13.95B
Total Revenues (As Reported)	50.07B	39.09B	47.07B	53.31B	43.65B
Effective Tax Rate - (Ratio)	22.67	18.47	18.31	35.31	23.11
Current Domestic Taxes	347M	165M	162M	360M	100M
Current Foreign Taxes	205M	162M	162M	287M	301M
Total Current Taxes	552M	327M	324M	647M	401M
Deferred Domestic Taxes	490M	378M	344M	-358M	456M
Deferred Foreign Taxes	666M	69M	747M	1.32B	964M
Total Deferred Taxes	1.16B	447M	1.09B	957M	1.42B
Normalized Net Income	5.04B	4.05B	4.59B	4.79B	5.31B
Distributable Cash	-	-	-	-	-
Interest Capitalized	326M	192M	215M	74M	101M
Interest on Long-Term Debt	2.78B	2.91B	2.85B	2.91B	3.44B
Non-Cash Pension Expense	-101M	-147M	-142M	-223M	-121M
Supplemental Operating Expense Items
Net Rental Expense, Total	113M	107M	95M	118M	131M
Imputed Operating Lease Interest Expense	41.23M	37.97M	30.1M	38.78M	49.92M
Imputed Operating Lease Depreciation	71.77M	69.03M	64.9M	79.22M	81.08M
Stock-Based Comp., Other (Total)	117M	145M	157M	260M	154M
Total Stock-Based Compensation	117M	145M	157M	260M	154M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	648M	452M	286M	861M	5.9B
Trading Asset Securities, Total	-	-	64M	660M	65M
Total Cash And Short Term Investments	648M	452M	350M	1.52B	5.97B
Accounts Receivable, Total	5.23B	3.99B	5.06B	5.73B	4.5B
Other Receivables	1.29B	1.01B	1.12B	1.18B	347M
Total Receivables	6.52B	5B	6.18B	6.9B	4.84B
Inventory	1.3B	1.54B	1.67B	2.26B	1.48B
Prepaid Expenses	-	-	-	-	-
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	28M	38M	34M	46M	84M
Other Current Assets, Total	327M	323M	724M	1.42B	2.03B
Total Current Assets	8.82B	7.35B	8.96B	12.15B	14.4B
Gross Property Plant And Equipment	115B	119B	127B	135B	138B
Accumulated Depreciation	-20.24B	-23.38B	-25.97B	-29.54B	-32.56B
Net Property Plant And Equipment	94.44B	95.4B	101B	105B	105B
Long-term Investments	16.53B	13.87B	13.41B	16.19B	16.85B
Goodwill	33.15B	32.69B	32.78B	32.44B	31.85B
Other Intangibles, Total	2.17B	2.08B	4.01B	4.02B	3.54B
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	1.03B	1.11B	954M	752M	54M
Deferred Tax Assets Long-Term	1B	770M	488M	472M	341M
Deferred Charges Long-Term	5.32B	548M	1.05B	1.62B	-
Other Long-Term Assets, Total	804M	6.46B	6.51B	6.83B	7.98B
Total Assets	163B	160B	169B	180B	180B
Liabilities
Accounts Payable, Total	4.54B	3.52B	4.56B	5.34B	4.33B
Accrued Expenses, Total	624M	651M	693M	763M	958M
Short-term Borrowings	898M	1.12B	1.52B	2B	400M
Current Portion of Long-Term Debt	4.4B	3.38B	6.31B	6.04B	6.27B
Current Portion of Leases	94M	97M	105M	104M	117M
Current Income Taxes Payable	890M	622M	478M	683M	596M
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	4.56B	4.59B	4.56B	5.37B	4.76B
Total Current Liabilities	16.01B	13.98B	18.23B	20.3B	17.44B
Long-Term Debt	59.84B	63.06B	67.98B	72.94B	74.8B
Long-Term Leases	689M	779M	645M	716M	916M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	1.14B	1.37B	728M	461M	518M
Deferred Tax Liability Non Current	9.87B	10.33B	11.69B	13.78B	15.03B
Other Non Current Liabilities	6.31B	6.39B	6.22B	8.01B	7.13B
Total Liabilities	93.86B	95.91B	105B	116B	116B
Preferred Stock Redeemable	7.9B	7.9B	7.9B	6.95B	6.95B
Preferred Stock - Others	-155M	-155M	-155M	-135M	-135M
Total Preferred Equity	7.75B	7.75B	7.75B	6.82B	6.82B
Common Stock, Total	64.75B	64.77B	64.8B	64.76B	69.18B
Additional Paid In Capital	187M	277M	365M	275M	268M
Retained Earnings	-6.31B	-10B	-10.99B	-15.49B	-17.12B
Comprehensive Income and Other	-323M	-1.43B	-1.1B	3.52B	2.3B
Total Common Equity	58.3B	53.62B	53.08B	53.07B	54.64B
Minority Interest	3.36B	3B	2.54B	3.51B	3.03B
Total Equity	69.41B	64.36B	63.37B	63.4B	64.48B
Total Liabilities And Equity	163B	160B	169B	180B	180B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.02B	2.03B	2.03B	2.02B	2.13B
ECS Total Common Shares Outstanding	2.02B	2.03B	2.03B	2.02B	2.12B
Book Value / Share	28.79	26.47	26.2	26.21	25.71
Tangible Book Value	22.97B	18.85B	16.3B	16.61B	19.25B
Tangible Book Value Per Share	11.34	9.31	8.04	8.2	9.06
Total Debt	65.93B	68.44B	76.56B	81.8B	82.51B
Net Debt	65.28B	67.99B	76.21B	80.28B	76.54B
Debt Equivalent of Unfunded Proj. Benefit Obligation	745M	959M	88M	-655M	-452M
Debt Equivalent Oper. Leases	904M	856M	760M	944M	1.05B
Minority Interest, Total (Incl. Fin. Div)	3.36B	3B	2.54B	3.51B	3.03B
Equity Method Investments, Total	14.73B	12.04B	10.29B	11.46B	12.06B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	1.3B	1.54B	1.67B	2.26B	1.48B
Land - (BS)	2.95B	2.92B	3.32B	3.64B	3.6B
Machinery, Total	4.91B	4.88B	4.91B	4.91B	4.51B
Full Time Employees	13K	11.2K	10.9K	11.1K	11.5K
Accumulated Allowance for Doubtful Accounts (Supple)	50M	70M	87M	92M	100M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	5.7B	3.36B	6.19B	3B	6.19B
Depreciation & Amortization - CF	3.1B	3.42B	3.5B	3.83B	4.08B
Amortization of Goodwill and Intangible Assets - (CF)	296M	294M	348M	483M	535M
Depreciation & Amortization, Total	3.39B	3.71B	3.85B	4.32B	4.61B
(Gain) Loss From Sale Of Asset	254M	-6M	-319M	12M	-15M
(Gain) Loss on Sale of Investments - (CF)	-	2.35B	111M	-	-
Asset Writedown & Restructuring Costs	423M	-	-	3.01B	419M
(Income) Loss On Equity Investments - (CF)	301M	256M	-81M	-1.3B	182M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-417M	12M	1.12B	2.21B	500M
Change In Accounts Receivable	-653M	1.55B	-1.27B	-950M	1.14B
Change In Inventories	-24M	-254M	-118M	-599M	763M
Change In Accounts Payable	151M	-769M	-11M	1.12B	-1.61B
Change in Other Net Operating Assets	267M	-438M	-221M	421M	2.01B
Cash from Operations	9.4B	9.78B	9.26B	11.23B	14.2B
Capital Expenditure	-5.49B	-5.4B	-7.82B	-4.65B	-4.65B
Sale of Property, Plant, and Equipment	7M	38M	1.26B	-	-
Cash Acquisitions	-	-24M	-3.78B	-828M	-954M
Divestitures	2.1B	227M	-	-	-
Sale (Purchase) of Intangible assets	-200M	-215M	-275M	-174M	-222M
Investment in Marketable and Equity Securities, Total	-742M	218M	-107M	244M	-125M
Other Investing Activities, Total	-334M	-16M	65M	135M	-88M
Cash from Investing	-4.66B	-5.18B	-10.66B	-5.27B	-6.04B
Short Term Debt Issued, Total	-	223M	394M	481M	-
Long-Term Debt Issued, Total	7B	6.77B	10.99B	7.55B	15.45B
Total Debt Issued	7B	7B	11.39B	8.03B	15.45B
Short Term Debt Repaid, Total	-127M	-	-	-	-1.6B
Long-Term Debt Repaid, Total	-4.67B	-4.46B	-2.26B	-5.53B	-12.98B
Total Debt Repaid	-4.8B	-4.46B	-2.26B	-5.53B	-14.57B
Issuance of Common Stock	18M	5M	5M	3M	4.45B
Repurchase of Common Stock	-	-	-	-151M	-125M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-300M	-	-	-1B	-
Common Dividends Paid	-5.97B	-6.56B	-6.77B	-6.97B	-7.28B
Preferred Dividends Paid	-383M	-380M	-367M	-338M	-352M
Common & Preferred Stock Dividends Paid	-6.36B	-6.94B	-7.13B	-7.31B	-7.63B
Other Financing Activities, Total	-313M	-367M	-758M	532M	-437M
Cash from Financing	-4.74B	-4.77B	1.24B	-5.43B	-2.86B
Foreign Exchange Rate Adjustments	44M	-20M	-5M	55M	-216M
Net Change in Cash	39M	-186M	-170M	587M	5.08B
Supplemental Items
Maintenance CAPEX	-	-	-	-	-
Cash Interest Paid	2.74B	2.54B	2.43B	2.92B	3.38B
Cash Income Tax Paid (Refund)	571M	524M	489M	495M	578M
Levered Free Cash Flow	1.88B	1.62B	-1.56B	2.88B	3.95B
Unlevered Free Cash Flow	3.54B	3.36B	95M	4.86B	6.33B
Change In Net Working Capital	-238M	-60M	801M	156M	-685M
Net Debt Issued / Repaid	2.21B	2.53B	9.12B	2.5B	876M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.33	3.13	3.03	3.02	3.2
Return on Total Capital	4.01	3.78	3.65	3.69	3.94
Return On Equity %	8.16	5.11	9.89	4.64	9.47
Return on Common Equity	8.87	5.33	10.9	4.88	10.84
Margin Analysis
Gross Profit Margin %	38.08	47.12	39.02	38.87	51.05
SG&A Margin	13.76	16.89	13.91	14.97	19.39
EBITDA Margin %	24.32	30.23	25.11	23.9	31.66
EBITA Margin %	18.13	21.49	17.67	16.71	22.31
EBIT Margin %	17.54	20.73	16.93	15.8	21.09
Income From Continuing Operations Margin %	11.64	8.74	13.41	5.51	13.88
Net Income Margin %	11.39	8.6	13.15	5.63	14.18
Net Avail. For Common Margin %	10.63	7.63	12.36	4.86	13.38
Normalized Net Income Margin	10.06	10.35	9.75	8.99	12.16
Levered Free Cash Flow Margin	3.75	4.14	-3.32	5.4	9.04
Unlevered Free Cash Flow Margin	7.08	8.6	0.2	9.12	14.5
Asset Turnover
Asset Turnover	0.3	0.24	0.29	0.31