2019-20 SaskEnergy Annual Report

Financial and Operating Highlights

($ millions)

2019-20 2018-19

2017-18

2016-17 2015-16 1

284 187

Delivery

289 163

271 137

240 134

209 121

Transportation and storage

23

Commodity margin

45 11 29

41 26 21

25 14 55 10

28 20 58 12

2

Asset optimization margin Customer contributions

36

-

Other revenue

4

7

Total revenue and margins

532

541

503

478

448

96

Employee benefits

89

86

87

90

169 109

Operating and maintenance Depreciation and amortization

163

132 100

134

124

99 15 52

96 12 46 33

89 12 47

16 55 21

Saskatchewan taxes Net finance expense Other losses (gains)

14 48 13

(11) 407 134

-

Total expenses

466

393 110

408

362

Income before unrealized market value adjustments

66

70 76

86

(23)

Market value adjustments CONSOLIDATED NET INCOME

32

34

(30)

43 24

166

144

146

56 55

Dividends declared

60

39

29

3,222

Total assets

2,938

2,688

2,505

2,450

270

Cash provided by operating activities Cash used in investing activities

280

312

225

258

(341)

(271)

(258)

(198)

(210)

66

Cash (used in) provided by financing activities

-

(58) 255

(37) 198

(47) 212

329

Capital additions Total net debt Debt/Equity ratio

299

1,501 58/42 6.1%

1,313 55/45 12.9%

1,232 56/44 12.2%

1,210 59/41

1,156 61/39

Rate of return on equity

8.8% 11.6%

OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm

37 33

42 35

39 33

34 30

32 27

Commercial

153 223

Industrial

170 247

147 219

129 193

127 186

TOTAL

Transmission energy (petajoules) Domestic

364

362

325

308

280

37

Export

33

25

18

24

TOTAL

401

395

350

326

304

Number of customers Distribution

399,826

397,367

394,592

390,886 386,886

118

Transmission

119

119

117

123

1 On November 30, 2015, the Government of Saskatchewan announced a change in the year end for CIC and its subsidiaries from December 31 to March 31, commencing with the 2015-16 fiscal year. For comparative purposes, the unaudited 12-month period ending March 31, 2016 is shown.

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