Enbridge Inc (ENB) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
200 425 - 1ST STREET SW CALGARY, AB T2P 3L8 |
| State of Incorp. | AB |
| Fiscal Year End | December 31 |
| Industry (SIC) | 461 - Pipelines, Except Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,901 | 861 | 286 | 452 | 648 | 518 | |||
| Cash and cash equivalents | 5,901 | 861 | 286 | 452 | 648 | 518 | |||
| Restricted cash and investments | 84 | 46 | 34 | 38 | 28 | 119 | |||
| Receivables | 85 | 7,366 | 6,181 | 5,001 | 6,523 | 6,098 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,479 | 2,255 | 1,670 | 1,536 | 1,299 | 1,339 | |||
| Inventory | 1,479 | 2,255 | 1,670 | 1,536 | 1,299 | 1,339 | |||
| Derivative instruments and hedges, assets | 1,015 | 529 | 323 | 327 | 498 | ||||
| Regulatory asset | 604 | 259 | |||||||
| Other current assets | 2,440 | ||||||||
| Other undisclosed current assets | 4,410 | ||||||||
| Total current assets: | 14,399 | 12,147 | 8,959 | 7,350 | 8,825 | 8,572 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 287 | 62 | 49 | 124 | ✕ | ||||
| Operating lease, right-of-use asset | 669 | 680 | 645 | 708 | 713 | ✕ | |||
| Property, plant and equipment | 104,641 | 104,460 | 100,067 | 94,571 | 93,723 | 94,540 | |||
| Long-term investments and receivables | 16,793 | 16,688 | 15,278 | 16,026 | 17,554 | 16,804 | |||
| Due from related parties | ✕ | ✕ | 752 | 954 | 1,108 | 97 | |||
| Long-term investments | 16,793 | 15,936 | 13,324 | 13,818 | 16,528 | 16,707 | |||
| Accounts and financing receivable, after allowance for credit loss | 1,000 | 1,100 | 1,026 | ||||||
| Intangible assets, net (including goodwill) | 35,385 | 36,458 | 36,783 | 34,768 | 35,326 | 36,831 | |||
| Goodwill | 31,848 | 32,440 | 32,775 | 32,688 | 33,153 | 34,459 | |||
| Intangible assets, net (excluding goodwill) | 3,537 | 4,018 | 4,008 | 2,080 | 2,173 | 2,372 | |||
| Regulated entity, other noncurrent assets | 5,237 | 5,863 | 5,606 | 5,397 | |||||
| Asset, held-in-trust | 717 | 593 | 630 | 553 | 434 | 323 | |||
| Deferred income tax assets | 341 | 472 | 488 | 770 | 1,000 | ✕ | |||
| Other undisclosed noncurrent assets | 1,848 | 2,185 | 359 | 9 | 5,694 | 9,835 | |||
| Total noncurrent assets: | 165,918 | 167,461 | 159,905 | 152,926 | 154,444 | 158,333 | |||
| TOTAL ASSETS: | 180,317 | 179,608 | 168,864 | 160,276 | 163,269 | 166,905 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 958 | 6,172 | 7,780 | 6,731 | 7,642 | 7,616 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 2,466 | 2,379 | 2,302 | 2,208 | ||
| Accounts payable | 937 | 844 | 855 | 804 | 804 | ||||
| Accrued liabilities | 958 | 5,235 | 4,470 | 3,497 | 4,536 | 4,604 | |||
| Deferred revenue | 1,056 | 853 | 978 | 652 | ✕ | ||||
| Debt | 6,484 | 8,041 | 7,679 | 4,078 | 5,302 | 4,283 | |||
| Derivative instruments and hedges, liabilities | 898 | 717 | 896 | 920 | 1,234 | ||||
| Regulatory liability | 307 | 167 | 106 | 270 | |||||
| Accrued environmental loss contingencies | 27 | ||||||||
| Asset retirement obligation | 136 | 83 | 160 | 56 | 7 | 6 | |||
| Other liabilities | 5,659 | 758 | 632 | 652 | 583 | 854 | |||
| Due to related parties | ✕ | ✕ | 105 | 90 | 22 | 21 | 40 | ||
| Other undisclosed current liabilities | 3,891 | 3,021 | 212 | 296 | 883 | 795 | |||
| Total current liabilities: | 17,435 | 20,301 | 18,229 | 13,979 | 16,010 | 14,855 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 74,715 | 72,939 | 67,961 | 62,819 | 59,661 | 60,327 | |||
| Long-term debt, excluding current maturities | 316 | ||||||||
| Finance lease, liability | 264 | 39 | 33 | 98 | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | 74,135 | 72,900 | 67,928 | 62,721 | 58,972 | 60,327 | |||
| Liabilities, other than long-term debt | 23,684 | 22,970 | 19,306 | 19,115 | 18,191 | 9,817 | |||
| Asset retirement obligations | 983 | ||||||||
| Deferred income tax liabilities | 15,031 | 13,781 | 11,689 | 10,332 | 9,867 | ✕ | |||
| Other liabilities | 8,653 | 9,189 | 7,617 | 8,783 | 8,324 | 8,834 | |||
| Operating lease, liability | 689 | ✕ | |||||||
| Other undisclosed noncurrent liabilities | 8,471 | ||||||||
| Total noncurrent liabilities: | 98,399 | 95,909 | 87,267 | 81,934 | 77,852 | 78,615 | |||
| Total liabilities: | 115,834 | 116,210 | 105,496 | 95,913 | 93,862 | 93,470 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 61,454 | 59,887 | 60,826 | 61,367 | 66,043 | 69,470 | |||
| Preferred stock | 6,818 | 6,818 | 7,747 | 7,747 | 7,747 | 7,747 | |||
| Common stock | 69,180 | 64,760 | 64,799 | 64,768 | 64,746 | 64,677 | |||
| Additional paid in capital | 268 | 275 | 365 | 277 | 187 | ||||
| Accumulated other comprehensive income (loss) | 2,303 | 3,520 | (1,096) | (1,401) | (272) | 2,672 | |||
| Accumulated deficit | (17,115) | (15,486) | (10,989) | (9,995) | (6,314) | (5,538) | |||
| Other undisclosed equity, attributable to parent | (29) | (51) | (88) | ||||||
| Equity, attributable to noncontrolling interest | 3,029 | 3,511 | 2,542 | 2,996 | 3,364 | 3,965 | |||
| Total equity: | 64,483 | 63,398 | 63,368 | 64,363 | 69,407 | 73,435 | |||
| TOTAL LIABILITIES AND EQUITY: | 180,317 | 179,608 | 168,864 | 160,276 | 163,269 | 166,905 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 43,649 | 53,309 | 47,071 | 39,087 | 50,069 | 46,378 | ||
| Cost of revenue | (21,366) | (32,589) | (28,702) | (20,669) | (31,004) | (29,401) | ||
| Gross profit: | 22,283 | 20,720 | 18,369 | 18,418 | 19,065 | 16,977 | ||
| Operating expenses | (8,600) | (10,684) | (6,712) | (6,749) | (7,414) | (6,792) | ||
| Other undisclosed operating loss | (5,032) | (4,858) | (3,852) | (3,712) | (3,391) | (5,369) | ||
| Operating income: | 8,651 | 5,178 | 7,805 | 7,957 | 8,260 | 4,816 | ||
| Nonoperating income (expense) | 1,224 | 487 | 660 | 255 | 435 | (52) | ||
| Investment income, nonoperating | 1,076 | (1) | ||||||
| Gain (loss), foreign currency transaction, before tax | 286 | 181 | 477 | (522) | ||||
| Other nonoperating income (expense) | 1,224 | (589) | 374 | 74 | 258 | 516 | ||
| Interest and debt expense | (3,812) | (3,179) | (2,655) | (2,790) | (2,663) | (2,703) | ||
| Income from continuing operations before equity method investments, income taxes: | 6,063 | 2,486 | 5,810 | 5,422 | 6,032 | 2,061 | ||
| Income from equity method investments | 1,816 | 2,056 | 1,711 | 1,136 | 1,503 | 1,509 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 208 | (2,368) | ||||||
| Income from continuing operations before income taxes: | 7,879 | 4,542 | 7,729 | 4,190 | 7,535 | 3,570 | ||
| Income tax expense | (1,821) | (1,604) | (1,415) | (774) | (1,708) | (237) | ||
| Income from continuing operations: | 6,058 | 2,938 | 6,314 | 3,416 | 5,827 | 3,333 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 6,314 | 3,416 | 5,827 | 3,333 | |
| Net income: | 6,058 | 2,938 | 6,314 | 3,416 | 5,827 | 3,333 | ||
| Net income (loss) attributable to noncontrolling interest | 133 | 65 | (125) | (53) | (122) | (451) | ||
| Net income attributable to parent: | 6,191 | 3,003 | 6,189 | 3,363 | 5,705 | 2,882 | ||
| Preferred stock dividends and other adjustments | (352) | (414) | (373) | (380) | (383) | (367) | ||
| Net income available to common stockholders, diluted: | 5,839 | 2,589 | 5,816 | 2,983 | 5,322 | 2,515 | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 6,058 | 2,938 | 6,314 | 3,416 | 5,827 | 3,333 | ||
| Other comprehensive income (loss) | (1,215) | 4,702 | 275 | (1,160) | (3,107) | 4,138 | ||
| Comprehensive income: | 4,843 | 7,640 | 6,589 | 2,256 | 2,720 | 7,471 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 131 | (21) | (125) | (53) | (122) | (451) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 30 | 31 | 115 | (350) | ||||
| Comprehensive income, net of tax, attributable to parent: | 4,974 | 7,619 | 6,494 | 2,234 | 2,713 | 6,670 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.