FINANCIAL AND OPERATING HIGHLIGHTS
CONSOLIDATED FINANCIAL INFORMATION
2015-16 1
2015 2
2014 2
2013
2012
2011
($ millions) Delivery
215 119
232
217
194
187
289 151
Transportation and storage Commodity margin Gas marketing margin Customer contributions
98
92 18 32 24 12
85
77 10 41 43 12
40 19 37 12
9
(2)
47 24 61 14
14 33 16
47 29 12
Other revenue
Total revenue (net of cost of gas)
586 115 152 110
442
402
395
365
370
Employee benefits
91
92
89 97 77 11 40
85 85 73 10 39
82 83 68 10 35
Operating and maintenance Depreciation and amortization
118
126
87 12 46
83 11 44
Saskatchewan taxes Net finance expense Other losses (gains)
15 56
–
(1)
2
–
8
3
Total expenses
451 135
354
355
316
292
286
Income before unrealized market value adjustments
88
47
79
73 34
84
Market value adjustments
(3)
(80) (33)
–
(58)
(24)
CONSOLIDATED NET INCOME (LOSS)
111
85 44
79 30
107
26 39
Dividends declared
17
27
65
Total assets
2,464
2,380
2,207
2,037
1,924
2,450
Cash provided by operating activities Cash used in investing activities
260
248
244
172
195
347
(215)
(283)
(221)
(181)
(150)
(241) (100)
Cash (used in) provided by financing activities
(47)
40
(25)
(10)
(25)
Capital expenditures
214
299
224
187
172 935
244
Total net debt
1,195 62/38
1,159 63/37
1,064 59/41
1,009 59/41
1,156 61/39 18.8%
Debt/Equity ratio
60/40
Rate of return on equity
12.3% 6.5% 11.0% 11.0% 13.6%
OPERATING STATISTICS Distribution volumes (petajoules) Residential/Farm
34 29
39 34
37 33
34 29 90
34 29 82
47 41
Commercial
Industrial
123 186
111 184
108 178
159 247
153
145
TOTAL
Transmission volumes (petajoules) Domestic
277
275
265
237
226
366
Export
23
7
3
4
5
28
300
282
268
241
231
TOTAL
394
Number of customers Distribution
385,858 380,768 373,436 365,749 358,363
386,886
Transmission
133
153
153
148
137
133
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, for the 2015-16 fiscal year the Corporation reported a 15-month fiscal period ended March 31, 2016, shown here compared to 12-month fiscal periods ended December 31. 2 Certain comparative amounts have been reclassified to conform with the current fiscal year’s presentation.
13
2015-16 ANNUAL REPORT SASKENERGY
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