FORTIS INC.
Cash Flow Statement
| Line Item | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $444.0M | $387.0M | $346.0M | $330.0M | $296.0M | $324.0M | $765.0M | $292.0M |
| Depreciation & Amortization | $512.0M | $480.0M | $440.0M | $417.0M | $369.0M | $366.0M | $338.0M | $309.0M |
| Depreciation | $454.0M | $421.0M | $381.0M | $366.0M | $322.0M | $329.0M | $297.0M | $276.0M |
| Amortization | $39.0M | $39.0M | $38.0M | $36.0M | $34.0M | $34.0M | $34.0M | $25.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $804.0M | $814.0M | $944.0M | $759.0M | $740.0M | $725.0M | $631.0M | $682.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.48B | $1.06B | $938.0M | $827.0M | $751.0M | $725.0M | $814.0M | $724.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.51B | $-1.15B | $-1.01B | $-918.0M | $-820.0M | $-808.0M | $99.0M | $-792.0M |
| Financing Activities | ||||||||
| Dividends Paid | $191.0M | $184.0M | $172.0M | $164.0M | $150.0M | $211.0M | $118.0M | $114.0M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $437.0M | $319.0M | $209.0M | $124.0M | $357.0M | $201.0M | $-776.0M | $-31.0M |
| Net Change in Cash | $-289.0M | $-8.0M | $133.0M | $-27.0M | $282.0M | $108.0M | $-51.0M | $-136.0M |
| Free Cash Flow | $-675.0M | $-250.0M | $6.0M | $-68.0M | $-11.0M | $0 | $-183.0M | $-42.0M |