2017-18 SaskEnergy Annual Report

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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