2016-17 SaskEnergy Annual Report

QUARTERLY FINANCIAL AND OPERATING HIGHLIGHTS

12 Months Ending March 31, 2017 1

2016-17 FINANCIAL HIGHLIGHTS

Q1

Q2

Q3

Q4

($ millions) Total revenue Total expenses

118

146 140

233 162

298 283

795 649 146

64 54 57

Consolidated net income (loss) Market value adjustments

6

71 26

15

13

(20)

76

Income (loss) before unrealized market value adjustments

(3)

(7)

45 14 39 72

35 15

70 29

Dividends

Cash provided by operating activities

54 29

27 55

105

225 198

Capital expenditures

42

OPERATING HIGHLIGHTS Distribution

Energy distributed (petajoules)

38

35

55

65

193

Weather (compared to last 30 years)

17% warmer

7% warmer

5% warmer

5% warmer

7% warmer

Transmission

Energy transported (petajoules)

65

74

90

97

326

15 Months Ending March 31, 2016 1

2015-16 FINANCIAL HIGHLIGHTS

Q1

Q2

Q3

Q4

Q5

($ millions) Total revenue Total expenses

275 220

145 146

141 161 (20)

247 196

262 236

1,070

959

Consolidated net income (loss) Market value adjustments

55

(1)

51 (6)

26

111 (24)

6

4

(7)

(21)

Income (loss) before unrealized market value adjustments

49 10 89 31

(5) 10 80 41

(13)

57 14 57 86

47 21 87 30

135

Dividends

10 34 56

65

Cash provided by operating activities

347 244

Capital expenditures

OPERATING HIGHLIGHTS Distribution

Energy distributed (petajoules)

61

36

34

55

61

247

Weather (compared to last 30 years)

1% warmer

5% warmer

2% warmer 13% warmer 14% warmer

9% warmer

Transmission

Energy transported (petajoules)

90

62

65

83

94

394

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. Accordingly, the 12-month fiscal period ending March 31, 2017 is compared to the 2015-16 15-month fiscal period ending March 31, 2016.

12

Financial and Operating Highlights

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