SaskEnergy 2018-19 Annual Report

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.

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