ENBRIDGE INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $7.49B | $5.44B | $6.19B | $3.00B | $6.19B | $3.36B | $5.71B | $2.88B |
| Depreciation & Amortization | $5.66B | $5.17B | $4.61B | $4.32B | $3.85B | $3.71B | $3.39B | $3.25B |
| Depreciation | $5.10B | $4.60B | $4.00B | $3.80B | $3.50B | $3.40B | $3.00B | $2.90B |
| Amortization | $534.0M | $530.0M | $535.0M | $483.0M | $348.0M | $294.0M | $296.0M | $281.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $12.27B | $12.60B | $14.20B | $11.23B | $9.26B | $9.78B | $9.40B | $10.50B |
| Investing Activities | ||||||||
| Capital Expenditures | $8.97B | $6.71B | $4.65B | $4.65B | $7.82B | $5.41B | $5.49B | $6.81B |
| Business Acquisitions | $0 | $13.47B | $954.0M | $828.0M | $3.79B | $24.0M | $0 | $0 |
| Net Cash from Investing Activities | $-10.50B | $-20.36B | $-6.04B | $-5.27B | $-10.66B | $-5.18B | $-4.66B | $-3.02B |
| Financing Activities | ||||||||
| Dividends Paid | $8.22B | $7.88B | $7.28B | $6.97B | $6.77B | $6.56B | $5.97B | $3.48B |
| Stock Repurchases | $0 | $0 | $125.0M | $151.0M | $0 | $0 | — | — |
| Net Cash from Financing Activities | $-2.40B | $3.54B | $-2.86B | $-5.43B | $1.24B | $-4.77B | $-4.75B | $-7.50B |
| Net Change in Cash | $-680.0M | $-3.99B | $5.08B | $587.0M | $-170.0M | $-186.0M | $39.0M | $50.0M |
| Free Cash Flow | $3.30B | $5.89B | $9.55B | $6.58B | $1.44B | $4.38B | $3.91B | $3.70B |