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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) |
2008 |
2007 |
Earnings Applicable to Common Shareholders |
| Liquids Pipelines |
328.0 |
287.2 |
| Gas Pipelines |
48.5 |
69.7 |
| Sponsored Investments |
111.7 |
96.9 |
| Gas Distribution and Services |
300.6 |
179.4 |
| International |
608.2 |
95.1 |
| Corporate |
(76.2) |
(28.1) |
| Net Earnings |
1,320.8 |
700.2 |
Condensed Statement of Earnings |
(CAD $ in millions) |
2008 |
2007 |
| Revenue |
16,131.3 |
11,919.4 |
| Expenses |
14,762.6 |
10,770.1 |
| Operating Income |
1,368.7 |
1,149.3 |
| Investment and Other Income |
324.1 |
317.0 |
| Interest Expense |
(550.8) |
(550.0) |
| Earnings Before Undernoted |
1,836.6 |
916.3 |
| Income Taxes |
(508.9) |
(209.2) |
| Earnings |
1,327.7 |
707.1 |
| Preferred Share Dividends |
(6.9) |
(6.9) |
| Earnings Applicable to Common Shareholders |
1,320.8 |
700.2 |
Condensed Statement of Cash Flows |
(CAD $ in millions) |
2008 |
2007 |
| Cash Provided from Operating Activities |
1,387.7 |
1,351.6 |
| Investing Activities |
(2,852.9) |
(2,228.81) |
| Financing Activities |
1,840.2 |
904.2 |
| Increase (Decrease) in Cash |
375.0 |
27.0 |
| Cash at Beginning of Year |
166.7 |
139.7 |
| Cash at End of Year |
547.1 |
166.7 |
Condensed Statement of Financial Position |
(CAD $ in millions) |
2008 |
2007 |
| Assets |
| Current Assets |
3,708.9 |
3,264.8 |
| Long Term Investments |
2,491.8 |
2,076.3 |
| Receivable from Affiliate |
- |
- |
| Deferred Charges and Other |
1,318.4 |
1,182.0 |
| Property, Plant and Equipment, Net |
16,389.6 |
12,597.6 |
| Future Income Taxes |
178.2 |
186.7 |
| Intangibles & Goodwill |
614.5 |
600.0 |
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24,701.4 |
19,907.4 |
Liabilities and Shareholder's Equity |
| Current Liabilities |
4,106.5 |
3,514.8 |
| Long Term Debt |
10,154.9 |
7,729.0 |
| Future Income Taxes |
1,290.8 |
975.6 |
| Non-controlling Interests |
797.4 |
650.5 |
| Other Long Term Liabilities |
259.0 |
253.9 |
| Non-recourse Long-term debt |
1,474.0 |
1,508.4 |
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18,052.6 |
14,632.2 |
| Shareholders' Equity |
6,618.8 |
5,275.2 |
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24,701.4 |
19,907.4 |
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