FTS
Income statement / Annual
Last year (2023), Fortis Inc.'s total revenue was $11.52 B,
an increase of 4.29% from the previous year.
In 2023, Fortis Inc.'s net income was $1.57 B.
See Fortis Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$11.52 B
|
$11.04 B
|
$9.45 B
|
$8.94 B
|
$8.78 B
|
$8.39 B
|
$8.30 B
|
$6.84 B
|
$6.73 B
|
$5.40 B
|
| Cost of Revenue |
$3.77 B |
$3.95 B |
$2.95 B |
$2.56 B |
$2.52 B |
$2.50 B |
$2.36 B |
$2.34 B |
$2.56 B |
$2.20 B |
| Gross Profit |
$7.75 B |
$7.09 B |
$6.50 B |
$6.37 B |
$6.26 B |
$5.90 B |
$5.94 B |
$4.50 B |
$4.17 B |
$3.20 B |
| Gross Profit Ratio |
0.67 |
0.64 |
0.69 |
0.71 |
0.71 |
0.7 |
0.72 |
0.66 |
0.62 |
0.59 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$1.00 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$62.00 M
|
$92.00 M
|
$45.00 M
|
$31.00 M
|
$11.00 M
|
$1.00 M
|
$11.00 M
|
$0.00
|
$0.00
|
$0.00
|
| Other Expenses |
$1.71 B |
$4.35 B |
$4.03 B |
$3.87 B |
$3.80 B |
-$17.00 M |
$9.00 M |
$2.00 M |
-$3.00 M |
$1.00 M |
| Operating Expenses |
$1.77 B |
$4.35 B |
$4.03 B |
$3.87 B |
$3.80 B |
$3.53 B |
$3.44 B |
$3.01 B |
$2.74 B |
$2.18 B |
| Cost And Expenses |
$8.43 B |
$8.30 B |
$6.98 B |
$6.43 B |
$6.32 B |
$6.03 B |
$5.80 B |
$5.36 B |
$5.30 B |
$4.38 B |
| Interest Income |
$76.00 M |
$11.00 M |
$5.00 M |
$13.00 M |
$16.00 M |
$15.00 M |
$14.00 M |
$7.00 M |
$8.00 M |
$13.00 M |
| Interest Expense |
$1.31 B |
$1.10 B |
$1.00 B |
$1.04 B |
$1.04 B |
$974.00 M |
$914.00 M |
$639.00 M |
$553.00 M |
$547.00 M |
| Depreciation &
Amortization |
$1.77 B
|
$1.67 B
|
$1.51 B
|
$1.43 B
|
$1.35 B
|
$1.24 B
|
$1.18 B
|
$983.00 M
|
$873.00 M
|
$688.00 M
|
| EBITDA |
$4.92 B
|
$4.50 B
|
$4.02 B
|
$3.97 B
|
$3.82 B
|
$3.61 B
|
$3.65 B
|
$2.60 B
|
$2.30 B
|
$1.74 B
|
| EBITDA Ratio |
0.43 |
0.42 |
0.43 |
0.46 |
0.45 |
0.44 |
0.46 |
0.36 |
0.35 |
0.32 |
| Operating Income Ratio
|
0.27
|
0.25
|
0.26
|
0.28
|
0.35
|
0.28
|
0.3
|
0.22
|
0.21
|
0.19
|
| Total Other
Income/Expenses Net |
-$1.01 B
|
-$937.00 M
|
-$830.00 M
|
-$888.00 M
|
-$897.00 M
|
-$914.00 M
|
-$798.00 M
|
-$625.00 M
|
-$356.00 M
|
-$572.00 M
|
| Income Before Tax |
$2.07 B |
$1.80 B |
$1.64 B |
$1.62 B |
$2.14 B |
$1.45 B |
$1.71 B |
$858.00 M |
$1.06 B |
$451.00 M |
| Income Before Tax Ratio
|
0.18
|
0.16
|
0.17
|
0.18
|
0.24
|
0.17
|
0.21
|
0.13
|
0.16
|
0.08
|
| Income Tax Expense |
$360.00 M |
$289.00 M |
$234.00 M |
$231.00 M |
$289.00 M |
$165.00 M |
$588.00 M |
$145.00 M |
$223.00 M |
$66.00 M |
| Net Income |
$1.57 B |
$1.39 B |
$1.29 B |
$1.27 B |
$1.72 B |
$1.17 B |
$1.03 B |
$660.00 M |
$805.00 M |
$379.00 M |
| Net Income Ratio |
0.14 |
0.13 |
0.14 |
0.14 |
0.2 |
0.14 |
0.12 |
0.1 |
0.12 |
0.07 |
| EPS |
3.1 |
2.78 |
2.61 |
2.6 |
3.79 |
2.75 |
2.32 |
1.89 |
2.61 |
1.41 |
| EPS Diluted |
3.1 |
2.78 |
2.61 |
2.6 |
3.78 |
2.74 |
2.31 |
1.89 |
2.59 |
1.4 |
| Weighted Average Shares
Out |
$486.30 M
|
$478.60 M
|
$470.90 M
|
$464.80 M
|
$436.80 M
|
$424.70 M
|
$415.50 M
|
$308.90 M
|
$278.60 M
|
$225.60 M
|
| Weighted Average Shares
Out Diluted |
$486.50 M
|
$479.00 M
|
$471.40 M
|
$465.40 M
|
$437.50 M
|
$425.20 M
|
$416.20 M
|
$313.40 M
|
$284.70 M
|
$226.10 M
|
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