SASKENERGY 2017-18 ANNUAL REPORT
FINANCIAL AND OPERATING HIGHLIGHTS
CONSOLIDATED FINANCIAL INFORMATION
($ millions)
2017-18
2016-17
2015-16 1 12-month period
2014
2013
271 137
Delivery
240 134
209 121
232
217
Transportation and storage Commodity margin Gas marketing margin Customer contributions
98
92 18 32 24 12 89 97 77 11 40
41 26 21
25 14 55 10
28 20 58 12
9
14 33 16
7
Other revenue
503
478
448
402
395
Total revenue and margins
86
Employee benefits
87
90
92
132 100
Operating and maintenance Depreciation and amortization
134
124
126
96 12 46 33 70 76
89 12 47
83 11 44
14 48 13
Saskatchewan taxes Net finance expense Other losses (gains)
0
(1)
2
393 110
408
362
355
316
Total expenses
Income before unrealized market value adjustments
86 30 56 55
47
79
34
Market value adjustments
(80) (33)
-
CONSOLIDATED NET INCOME (LOSS)
144
146
79 30
39
Dividends declared
29
17
2,688
Total assets
2,505
2,450
2,380
2,207
312
Cash provided by operating activities Cash used in investing activities Cash (used in) provided by financing activities
225
258
248
244
(258) (58) 255
(198) (37) 198
(210) (47) 212
(283)
(221) (25) 224
40
Capital expenditures Total net debt Debt/Equity ratio Rate of return on equity
299
1,232 56/44 12.2%
1,210 59/41
1,156 61/39
1,159 63/37
1,064 59/41
8.8% 11.6% 6.5% 11.0%
OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm
39 33
34 30
32 27
39 34
37 33
Commercial
147 219
Industrial
129 193
127 186
111 184
108 178
TOTAL
Transmission energy (petajoules) Domestic
325
308
280
275
265
25
Export
18
24
7
3
TOTAL
350
326
304
282
268
Number of customers Distribution
394,592
390,886
386,886
380,768 373,436
119
Transmission
117
123
153
153
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.
8
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