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Financial Information
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J. Richard Bird
Executive Vice President, Chief Financial Officer & Corporate Development |
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"Financial strength and transparency are strategic priorities at Enbridge. In the past year we have maintained our balance sheet, produced strong earnings across all five business segments and increased our dividend again." |
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Segmented Earnings |
(CAD $ in millions) |
2009 |
2008 |
| Liquids Pipelines |
445 |
328 |
| Natural Gas Delivery and Services |
635 |
958 |
| Sponsored Investments |
141 |
111 |
| Corporate |
334 |
(76) |
| Net Earnings |
1,555 |
1,321 |
Condensed Statement of Earnings |
(CAD $ in millions) |
2009 |
2008 |
| Revenue |
12,466 |
16,131 |
| Expenses |
11,205 |
14,762 |
| Operating Income |
1,261 |
1,369 |
| Income from Equity Investments |
198 |
177 |
| Other Investment Income |
678 |
198 |
| Interest Expense |
(597) |
(551) |
| Gain on Sale on Investments |
365 |
700 |
| Non-Controlling Interests |
(37) |
(56) |
| Earnings Before Undernoted |
1,868 |
1,837 |
| Income Taxes |
(306) |
(509) |
| Earnings |
1,562 |
1,328 |
| Preferred Share Dividends |
(7) |
(7) |
| Earnings Applicable to Common Shareholders |
1,555 |
1,321 |
Condensed Statement of Cash Flows |
(CAD $ in millions) |
2009 |
2008 |
| Cash Provided from Operating Activities |
2,017 |
1,372 |
| Investing Activities |
(3,306) |
(2,853) |
| Financing Activities |
1,109 |
1,840 |
| Effect of Translation of Foreign Denominated Cash and Cash Equivalents |
(35) |
16 |
| Increase (Decrease) in Cash |
(215) |
375 |
| Cash at Beginning of Year |
542 |
167 |
| Cash at End of Year |
327 |
542 |
Condensed Statement of Financial Position |
(CAD $ in millions) |
2009 |
2008 |
| Assets |
| Current Assets |
3,595 |
3,709 |
| Long Term Investments |
2,312 |
2,492 |
| Deferred Charges and Other |
2,425 |
1,318 |
| Property, Plant and Equipment, Net |
18,850 |
16,390 |
| Future Income Taxes |
127 |
178 |
| Intangibles & Goodwill |
860 |
615 |
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28,169 |
24,701 |
Liabilities and Shareholders' Equity |
| Current Liabilities |
3,789 |
4,106 |
| Long Term Debt |
11,581 |
10,155 |
| Future Income Taxes |
2,211 |
1,291 |
| Non-controlling Interests |
727 |
797 |
| Other Long Term Liabilities |
1,207 |
259 |
| Non-recourse Long-term debt |
1,393 |
1,474 |
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20,908 |
18,082 |
| Shareholders' Equity |
7,261 |
6,619 |
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28,169 |
24,701 |
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