Financial Highlights

 

($ millions except per share amounts)

2018 2017

2016

2015

2014

Revenue 4,257 2,556 2,190 2,193
2,406
Normalized EBITDA(1) 1,009 797 701 582 546
  Utilities 426 298 277 257 230
  Midstream 277 221 163 172 107
  Power 320 303 285 177 207
  Corporate (14) (25) (24) (24) (29)
Net income applicable to common shares (502) 30 155 10 96
Normalized net income (1) 195 204 153 140 165
Total assets 23,488 10,032 10,201 10,100 8,396
Total long-term liabilities 11,746 4,578 4,589 4,949 4,058
Net additions to property, plant and equipment 573 388 405 1,150 503
Dividends declared 463 362 320 260 215
Cash flows          
 

Normalized funds from operations (1)

657 615

554

470

472

($ per basic share, except shares outstanding and debt to capitalization ratio)

Net income - basic (2.25) 0.18 0.99 0.07 0.75
Net income - diluted (2.25) 0.18 0.99 0.07 0.74
Normalized net income (1) 0.88 1.19 0.98 1.02 1.3
Dividends declared 2.09 2.12 2.03 1.89 1.69
Cash flows          
  Normalized funds from operations (1) 2.95 3.60 3.52 3.41 3.72
Shares outstanding - basic (millions)          
  During the period (2) 223 171 157 138 127
  End of period 275 175 167 146 134
Debt-to-total capitalization ratio (%) 57 44 45 46 45

 

Notes:

(1) Non-GAAP financial measure; see discussion in Non-GAAP Financial Measures section of the MD&A.
(2) Weighted average.