Canadian Utilities Ltd
TSX:CU
Income Statement
Earnings Waterfall
Canadian Utilities Ltd
Revenue
|
3.8B
CAD
|
Cost of Revenue
|
-556m
CAD
|
Gross Profit
|
3.2B
CAD
|
Operating Expenses
|
-2.2B
CAD
|
Operating Income
|
1B
CAD
|
Other Expenses
|
-405m
CAD
|
Net Income
|
630m
CAD
|
Income Statement
Canadian Utilities Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
3 381
N/A
|
3 522
+4%
|
3 533
+0%
|
3 580
+1%
|
3 600
+1%
|
3 501
-3%
|
3 425
-2%
|
3 328
-3%
|
3 264
-2%
|
3 197
-2%
|
3 173
-1%
|
3 246
+2%
|
3 399
+5%
|
3 553
+5%
|
3 739
+5%
|
3 891
+4%
|
4 085
+5%
|
4 465
+9%
|
4 490
+1%
|
4 550
+1%
|
4 377
-4%
|
4 181
-4%
|
4 116
-2%
|
4 011
-3%
|
3 905
-3%
|
3 601
-8%
|
3 439
-4%
|
3 281
-5%
|
3 233
-1%
|
3 255
+1%
|
3 305
+2%
|
3 368
+2%
|
3 515
+4%
|
3 718
+6%
|
3 861
+4%
|
3 969
+3%
|
4 048
+2%
|
4 069
+1%
|
4 015
-1%
|
3 929
-2%
|
3 796
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(257)
|
(271)
|
(272)
|
(281)
|
(285)
|
(288)
|
(290)
|
(288)
|
(285)
|
(280)
|
(284)
|
(292)
|
(367)
|
(422)
|
(552)
|
(699)
|
(764)
|
(1 084)
|
(1 117)
|
(1 088)
|
(1 018)
|
(779)
|
(650)
|
(568)
|
(537)
|
(444)
|
(437)
|
(433)
|
(436)
|
(459)
|
(493)
|
(528)
|
(562)
|
(564)
|
(554)
|
(569)
|
(579)
|
(581)
|
(595)
|
(582)
|
(556)
|
|
Gross Profit |
3 124
N/A
|
3 251
+4%
|
3 261
+0%
|
3 299
+1%
|
3 315
+0%
|
3 213
-3%
|
3 135
-2%
|
3 040
-3%
|
2 979
-2%
|
2 917
-2%
|
2 889
-1%
|
2 954
+2%
|
3 032
+3%
|
3 131
+3%
|
3 187
+2%
|
3 192
+0%
|
3 321
+4%
|
3 381
+2%
|
3 373
0%
|
3 462
+3%
|
3 359
-3%
|
3 402
+1%
|
3 466
+2%
|
3 443
-1%
|
3 368
-2%
|
3 157
-6%
|
3 002
-5%
|
2 848
-5%
|
2 797
-2%
|
2 796
0%
|
2 812
+1%
|
2 840
+1%
|
2 953
+4%
|
3 154
+7%
|
3 307
+5%
|
3 400
+3%
|
3 469
+2%
|
3 488
+1%
|
3 420
-2%
|
3 347
-2%
|
3 240
-3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 075)
|
(2 137)
|
(2 172)
|
(2 239)
|
(2 292)
|
(2 098)
|
(2 033)
|
(2 093)
|
(2 166)
|
(2 069)
|
(2 025)
|
(2 019)
|
(1 832)
|
(1 893)
|
(1 931)
|
(1 957)
|
(2 015)
|
(2 070)
|
(2 215)
|
(2 267)
|
(2 277)
|
(2 107)
|
(2 025)
|
(2 168)
|
(2 090)
|
(1 792)
|
(1 848)
|
(1 785)
|
(1 838)
|
(1 896)
|
(2 008)
|
(2 071)
|
(2 071)
|
(2 159)
|
(2 137)
|
(2 190)
|
(2 336)
|
(2 279)
|
(2 267)
|
(2 153)
|
(2 205)
|
|
Selling, General & Administrative |
(469)
|
(481)
|
(479)
|
(472)
|
(511)
|
(454)
|
(445)
|
(430)
|
(509)
|
(447)
|
(441)
|
(423)
|
(388)
|
(380)
|
(370)
|
(367)
|
(353)
|
(375)
|
(426)
|
(423)
|
(428)
|
(414)
|
(367)
|
(369)
|
(343)
|
(335)
|
(342)
|
(341)
|
(341)
|
(347)
|
(338)
|
(348)
|
(362)
|
(374)
|
(370)
|
(369)
|
(374)
|
(371)
|
(378)
|
(388)
|
(393)
|
|
Depreciation & Amortization |
(478)
|
(487)
|
(493)
|
(498)
|
(514)
|
(505)
|
(514)
|
(525)
|
(642)
|
(660)
|
(674)
|
(692)
|
(573)
|
(580)
|
(587)
|
(585)
|
(598)
|
(601)
|
(635)
|
(646)
|
(638)
|
(644)
|
(616)
|
(575)
|
(582)
|
(568)
|
(558)
|
(588)
|
(592)
|
(603)
|
(667)
|
(671)
|
(651)
|
(654)
|
(602)
|
(606)
|
(642)
|
(653)
|
(674)
|
(688)
|
(725)
|
|
Operations Maintenance |
(244)
|
(250)
|
(251)
|
(252)
|
(271)
|
(295)
|
(314)
|
(295)
|
(297)
|
(282)
|
(260)
|
(262)
|
(243)
|
(234)
|
(225)
|
(217)
|
(212)
|
(219)
|
(239)
|
(243)
|
(235)
|
(242)
|
(249)
|
(262)
|
(265)
|
(250)
|
(227)
|
(217)
|
(196)
|
(188)
|
(184)
|
(180)
|
(203)
|
(209)
|
(211)
|
(218)
|
(233)
|
(249)
|
(260)
|
(263)
|
(255)
|
|
Purchased Fuel Power Gas |
(331)
|
(361)
|
(391)
|
(451)
|
(466)
|
(424)
|
(368)
|
(299)
|
(244)
|
(189)
|
(157)
|
(144)
|
(130)
|
(153)
|
(174)
|
(193)
|
(215)
|
(222)
|
(219)
|
(219)
|
(221)
|
(237)
|
(234)
|
(231)
|
(199)
|
(147)
|
(123)
|
(92)
|
(86)
|
(89)
|
(89)
|
(92)
|
(116)
|
(145)
|
(161)
|
(166)
|
(174)
|
(178)
|
(160)
|
(147)
|
(124)
|
|
Other Operating Expenses |
(553)
|
(558)
|
(558)
|
(566)
|
(530)
|
(420)
|
(392)
|
(544)
|
(474)
|
(491)
|
(493)
|
(498)
|
(498)
|
(546)
|
(575)
|
(595)
|
(637)
|
(653)
|
(696)
|
(736)
|
(755)
|
(570)
|
(559)
|
(731)
|
(701)
|
(492)
|
(598)
|
(547)
|
(623)
|
(669)
|
(730)
|
(780)
|
(739)
|
(777)
|
(793)
|
(831)
|
(913)
|
(828)
|
(795)
|
(667)
|
(708)
|
|
Operating Income |
1 049
N/A
|
1 114
+6%
|
1 089
-2%
|
1 060
-3%
|
1 023
-3%
|
1 115
+9%
|
1 102
-1%
|
947
-14%
|
813
-14%
|
848
+4%
|
864
+2%
|
935
+8%
|
1 200
+28%
|
1 238
+3%
|
1 256
+1%
|
1 235
-2%
|
1 306
+6%
|
1 311
+0%
|
1 158
-12%
|
1 195
+3%
|
1 082
-9%
|
1 295
+20%
|
1 441
+11%
|
1 275
-12%
|
1 278
+0%
|
1 365
+7%
|
1 154
-15%
|
1 063
-8%
|
959
-10%
|
900
-6%
|
804
-11%
|
769
-4%
|
882
+15%
|
995
+13%
|
1 170
+18%
|
1 210
+3%
|
1 133
-6%
|
1 209
+7%
|
1 153
-5%
|
1 194
+4%
|
1 035
-13%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(256)
|
(268)
|
(283)
|
(307)
|
(233)
|
(252)
|
(249)
|
(244)
|
(260)
|
(301)
|
(321)
|
(346)
|
(335)
|
(367)
|
(409)
|
(428)
|
(499)
|
(556)
|
(522)
|
(474)
|
(375)
|
(374)
|
(399)
|
(451)
|
(415)
|
(428)
|
(402)
|
(377)
|
(340)
|
(351)
|
(348)
|
(340)
|
(322)
|
(339)
|
(325)
|
(315)
|
(282)
|
(294)
|
(304)
|
(323)
|
(112)
|
|
Non-Reccuring Items |
0
|
0
|
(13)
|
147
|
160
|
0
|
0
|
0
|
30
|
48
|
48
|
48
|
18
|
30
|
30
|
30
|
(85)
|
(115)
|
(115)
|
(53)
|
187
|
0
|
0
|
288
|
174
|
0
|
166
|
3
|
(18)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
(20)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
(26)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(8)
|
|
Pre-Tax Income |
793
N/A
|
846
+7%
|
793
-6%
|
900
+13%
|
930
+3%
|
863
-7%
|
853
-1%
|
703
-18%
|
565
-20%
|
595
+5%
|
591
-1%
|
637
+8%
|
865
+36%
|
901
+4%
|
877
-3%
|
837
-5%
|
694
-17%
|
640
-8%
|
521
-19%
|
668
+28%
|
866
+30%
|
921
+6%
|
1 042
+13%
|
1 112
+7%
|
1 011
-9%
|
937
-7%
|
918
-2%
|
689
-25%
|
586
-15%
|
549
-6%
|
456
-17%
|
429
-6%
|
538
+25%
|
656
+22%
|
845
+29%
|
895
+6%
|
838
-6%
|
915
+9%
|
849
-7%
|
871
+3%
|
915
+5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(187)
|
(202)
|
(194)
|
(207)
|
(206)
|
(189)
|
(253)
|
(238)
|
(205)
|
(217)
|
(148)
|
(159)
|
(236)
|
(236)
|
(230)
|
(221)
|
(173)
|
(168)
|
(143)
|
(181)
|
(225)
|
(242)
|
(61)
|
(49)
|
(53)
|
(36)
|
(244)
|
(208)
|
(152)
|
(134)
|
(108)
|
(101)
|
(138)
|
(170)
|
(212)
|
(225)
|
(199)
|
(209)
|
(189)
|
(195)
|
(198)
|
|
Income from Continuing Operations |
606
|
644
|
599
|
693
|
724
|
674
|
600
|
465
|
360
|
378
|
443
|
478
|
629
|
665
|
647
|
616
|
521
|
472
|
378
|
487
|
641
|
679
|
981
|
1 063
|
958
|
901
|
674
|
481
|
434
|
415
|
348
|
328
|
400
|
486
|
633
|
670
|
639
|
706
|
660
|
676
|
717
|
|
Income to Minority Interest |
(10)
|
(15)
|
(19)
|
(16)
|
(13)
|
(10)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(8)
|
(7)
|
(7)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(7)
|
(7)
|
(9)
|
(9)
|
(9)
|
(10)
|
|
Net Income (Common) |
542
N/A
|
576
+6%
|
530
-8%
|
627
+18%
|
661
+5%
|
614
-7%
|
542
-12%
|
405
-25%
|
296
-27%
|
309
+4%
|
370
+20%
|
402
+9%
|
552
+37%
|
588
+7%
|
570
-3%
|
541
-5%
|
447
-17%
|
398
-11%
|
306
-23%
|
413
+35%
|
567
+37%
|
605
+7%
|
907
+50%
|
989
+9%
|
884
-11%
|
827
-6%
|
600
-27%
|
407
-32%
|
360
-12%
|
341
-5%
|
274
-20%
|
255
-7%
|
328
+29%
|
413
+26%
|
558
+35%
|
592
+6%
|
557
-6%
|
621
+11%
|
573
-8%
|
589
+3%
|
630
+7%
|
|
EPS (Diluted) |
2.05
N/A
|
2.19
+7%
|
2
-9%
|
2.36
+18%
|
2.49
+6%
|
2.31
-7%
|
2.04
-12%
|
1.52
-25%
|
1.12
-26%
|
1.15
+3%
|
1.38
+20%
|
1.5
+9%
|
2.06
+37%
|
2.19
+6%
|
2.12
-3%
|
2.01
-5%
|
1.66
-17%
|
1.47
-11%
|
1.13
-23%
|
1.52
+35%
|
2.08
+37%
|
2.22
+7%
|
3.33
+50%
|
3.63
+9%
|
3.24
-11%
|
3.03
-6%
|
2.19
-28%
|
1.48
-32%
|
1.32
-11%
|
1.25
-5%
|
1.01
-19%
|
0.94
-7%
|
1.21
+29%
|
1.53
+26%
|
2.07
+35%
|
2.2
+6%
|
2.07
-6%
|
2.3
+11%
|
2.12
-8%
|
2.18
+3%
|
2.33
+7%
|