SASKENERGY 2018-19 ANNUAL REPORT
FINANCIAL AND OPERATING HIGHLIGHTS
CONSOLIDATED FINANCIAL INFORMATION
($ millions)
2018-19
2017-18
2016-17
2015-16 1 12-month period
2014
289 163
Delivery
271 137
240 134
209 121
232
Transportation and storage
98
45 11 29
Commodity margin
41 26 21
25 14 55 10
28 20 58 12
9
Asset optimization margin Customer contributions
14 33 16
4
Other revenue
7
541
503
478
448
402
Total revenue and margins
89
Employee benefits
86
87
90
92
163
Operating and maintenance Depreciation and amortization
132 100
134
124
126
99 15 52
96 12 46 33 70 76
89 12 47
83 11 44
Saskatchewan taxes Net finance expense Other (gains) losses
14 48 13
(11) 407 134
-
(1)
393 110
408
362
355
Total expenses
Income before unrealized market value adjustments
86
47
32
Market value adjustments
34
(30)
(80) (33)
CONSOLIDATED NET INCOME (LOSS)
166
144
146
56
60
Dividends declared
39
29
55
17
2,957 280 (271)
Total assets
2,688
2,505
2,450
2,380
Cash provided by operating activities Cash used in investing activities Cash (used in) provided by financing activities
312
225
258
248
(258) (58) 255
(198) (37) 198
(210) (47) 212
(283)
-
40
299
Capital expenditures Total net debt Debt/Equity ratio
299
1,313 55/45 12.9%
1,232 56/44
1,210 59/41
1,156 61/39
1,159 63/37
Rate of return on equity OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm
12.2% 8.8% 11.6% 6.5%
42 35
39 33
34 30
32 27
39 34
Commercial
170 247
Industrial
147 219
129 193
127 186
111 184
TOTAL
Transmission energy (petajoules) Domestic
362
325
308
280
275
33
Export
25
18
24
7
TOTAL
395
350
326
304
282
Number of customers Distribution
397,367
394,592
390,886
386,886 380,768
119
Transmission
119
117
123
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.
7
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