Advertisement
Quarter Ended Year Ended 2012 2011 2012 2011--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue $ 999 $ 1,034 $ 3,654 $ 3,738 --------------------------------------------Expenses Energy supply costs 430 490 1,522 1,697 Operating 247 233 868 850 Depreciation and amortization 119 107 470 416 -------------------------------------------- 796 830 2,860 2,963 --------------------------------------------Operating income 203 204 794 775Other income, net 6 6 4 38Finance charges 90 88 366 363 --------------------------------------------Earnings before income taxes 119 122 432 450Income taxes 17 26 61 84 --------------------------------------------Net earnings $ 102 $ 96 $ 371 $ 366 -------------------------------------------- --------------------------------------------Net earnings attributable to: Non-controlling interests $ 2 $ 2 $ 9 $ 9 Preference equity shareholders 13 12 47 46 Common equity shareholders 87 82 315 311 -------------------------------------------- $ 102 $ 96 $ 371 $ 366 -------------------------------------------- --------------------------------------------Earnings per common share Basic $ 0.46 $ 0.44 $ 1.66 $ 1.71 Diluted $ 0.45 $ 0.43 $ 1.65 $ 1.70-------------------------------------------------------------------------------------------------------------------------------------------------------- Fortis Inc. Consolidated Statements of Comprehensive Income (Unaudited) For the periods ended December 31 (in millions of Canadian dollars) Quarter Ended Year Ended 2012 2011 2012 2011--------------------------------------------------------------------------------------------------------------------------------------------------------Net earnings $ 102 $ 96 $ 371 $ 366 ------------------------------------ ------------------------------------Other comprehensive income (loss)Unrealized foreign currency translation gains (losses), net of hedging activities and tax 1 (4) (2) 1Reclassification of unrealized foreign currency translation losses, net of hedging activities and tax, related to Belize Electricity - - - 17Reclassification to earnings of net losses on discontinued cash flow hedges, net of tax 1 - 1 1Unrealized employee future benefits losses, net of tax (1) (6) - (6) ------------------------------------ 1 (10) (1) 13 ------------------------------------Comprehensive income $ 103 $ 86 $ 370 $ 379 ------------------------------------ ------------------------------------Comprehensive income attributable to: Non-controlling interests $ 2 $ 2 $ 9 $ 9 Preference equity shareholders 13 12 47 46 Common equity shareholders 88 72 314 324 ------------------------------------ $ 103 $ 86 $ 370 $ 379--------------------------------------------------------------------------------------------------------------------------------------------------------
