ENBRIDGE INC. (ENB) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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ENBRIDGE INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Earnings → Net cash from operating activities: $1,447,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $1,317,000,000.00Distributions from equity investments → Operating adjustments reconciliation: $462,000,000.00Changes in operating assets and liabilities → Operating adjustments reconciliation: $155,000,000.00Deferred income tax expense → Operating adjustments reconciliation: $130,000,000.00Other → Operating adjustments reconciliation: $55,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $1,526,000,000.00Operating adjustments reconciliation → Income from equity investments: $479,000,000.00Operating adjustments reconciliation → Unrealized derivative fair value loss/(gain), net (Note 10): $114,000,000.00Debenture and term note issues, net of issue costs → financing reconciliation: $2,266,000,000.00Net change in short-term borrowings → financing reconciliation: $728,000,000.00Net change in commercial paper and credit facility draws → financing reconciliation: $313,000,000.00Net change in affiliate loans → financing reconciliation: $84,000,000.00Contributions from noncontrolling interests → financing reconciliation: $2,000,000.00financing reconciliation → Net cash from financing activities: $156,000,000.00financing reconciliation → Common share dividends: $1,995,000,000.00financing reconciliation → Debenture and term note repayments: $1,054,000,000.00financing reconciliation → Preference share dividends: $98,000,000.00financing reconciliation → Distributions to noncontrolling interests: $79,000,000.00financing reconciliation → Other: $11,000,000.00Net cash used in investing activities → investing reconciliation: $4,685,000,000.00Distributions from equity investments in excess of cumulative earnings → investing reconciliation: $183,000,000.00Net change in affiliate loans → investing reconciliation: $2,000,000.00investing reconciliation → Acquisitions: $2,611,000,000.00investing reconciliation → Capital expenditures: $1,632,000,000.00investing reconciliation → Long-term, restricted and other investments: $557,000,000.00investing reconciliation → Additions to intangible assets: $64,000,000.00investing reconciliation → Other: $6,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $3,699,000,000.00Net cash from operating activities → Cash sources and uses: $2,973,000,000.00Net cash from financing activities → Cash sources and uses: $156,000,000.00Cash sources and uses → Exchange-rate effect: $41,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,102,000,000.00Cash sources and uses → Net cash used in investing activities: $4,685,000,000.00Unrealized derivative fair value loss/(gain), net (Note 10): -$114,000,000.00Derivative value change−$114.00 MOther: $55,000,000.00Other non-cash items+$55.00 MIncome from equity investments: -$479,000,000.00Income from equity investments−$479.00 MDeferred income tax expense: $130,000,000.00Deferred income taxes+$130.00 MChanges in operating assets and liabilities: $155,000,000.00Operating capital changes+$155.00 MGain on disposition of equity investments: $0.00Distributions from equity investments: $462,000,000.00Equity-method distributions+$462.00 MDepreciation and amortization: $1,317,000,000.00Depreciation & amortization+$1.32 BEarnings: $1,447,000,000.00Earnings+$1.45 BNet cash from operating activities: $2,973,000,000.00Operating cash+$2.97 BOperating adjustments reconciliation: $2,119,000,000.00Common shares repurchased: $0.00Distributions to noncontrolling interests: -$79,000,000.00Noncontrolling dividends−$79.00 MPreference share dividends: -$98,000,000.00Preferred dividends paid−$98.00 MDebenture and term note issues, net of issue costs: $2,266,000,000.00Debentures & notes issued, net+$2.27 BContributions from noncontrolling interests: $2,000,000.00From noncontrolling interests+$2.00 MCommon shares issued, net of issue costs: $0.00Net change in short-term borrowings: $728,000,000.00Short-term debt, net+$728.00 MNet change in affiliate loans: $84,000,000.00Related-party debt issued+$84.00 MDebenture and term note repayments: -$1,054,000,000.00Long-term debt repaid−$1.05 BNet change in commercial paper and credit facility draws: $313,000,000.00Commercial paper & credit, net+$313.00 MCommon share dividends: -$1,995,000,000.00Common dividends paid−$2.00 BOther: -$11,000,000.00Other financing, net−$11.00 MNet cash from financing activities: $156,000,000.00Financing cash+$156.00 Mfinancing reconciliation: $3,393,000,000.00Acquisitions: -$2,611,000,000.00Acquisitions, net of cash−$2.61 BLong-term, restricted and other investments: -$557,000,000.00Long-term investment purchases−$557.00 MOther: -$6,000,000.00Other investing, net−$6.00 MAdditions to intangible assets: -$64,000,000.00Intangible asset purchases−$64.00 MProceeds from disposition of equity investments: $0.00Capital expenditures: -$1,632,000,000.00PP&E purchases−$1.63 BNet change in affiliate loans: $2,000,000.00Affiliate loans, net+$2.00 MDistributions from equity investments in excess of cumulative earnings: $183,000,000.00Equity-method return of capital+$183.00 MNet cash used in investing activities: -$4,685,000,000.00. Cash required to fund net payments.Investing cash−$4.69 Binvesting reconciliation: $4,870,000,000.00Cash sources and uses: $6,828,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $3,699,000,000.00Beginning cash$3.70 BEnding cash: Cash, cash equivalents, and restricted cash: $2,102,000,000.00Ending cash$2.10 BExchange-rate effect: -$41,000,000.00FX effect−$41.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$1.34 BOperating cash − cash spent on PP&ECash flow / Net income2.05×Operating cash flow ÷ net incomeNet cash change−$1.60 BEnding cash − beginning cash
Chart details

ENBRIDGE INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
3,699,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
2,973,000,000 US dollars. Net cash provided.
Unrealized derivative fair value loss/(gain), net (Note 10)
negative 114,000,000 US dollars
Other
55,000,000 US dollars
Income from equity investments
negative 479,000,000 US dollars
Deferred income tax expense
130,000,000 US dollars
Changes in operating assets and liabilities
155,000,000 US dollars
Gain on disposition of equity investments
0 US dollars
Distributions from equity investments
462,000,000 US dollars
Depreciation and amortization
1,317,000,000 US dollars
Earnings
1,447,000,000 US dollars
Investing activities
negative 4,685,000,000 US dollars. Net cash used.
Acquisitions
negative 2,611,000,000 US dollars
Long-term, restricted and other investments
negative 557,000,000 US dollars
Other
negative 6,000,000 US dollars
Additions to intangible assets
negative 64,000,000 US dollars
Proceeds from disposition of equity investments
0 US dollars
Capital expenditures
negative 1,632,000,000 US dollars
Net change in affiliate loans
2,000,000 US dollars
Distributions from equity investments in excess of cumulative earnings
183,000,000 US dollars
Financing activities
156,000,000 US dollars. Net cash provided.
Common shares repurchased
0 US dollars
Distributions to noncontrolling interests
negative 79,000,000 US dollars
Preference share dividends
negative 98,000,000 US dollars
Debenture and term note issues, net of issue costs
2,266,000,000 US dollars
Contributions from noncontrolling interests
2,000,000 US dollars
Common shares issued, net of issue costs
0 US dollars
Net change in short-term borrowings
728,000,000 US dollars
Net change in affiliate loans
84,000,000 US dollars
Debenture and term note repayments
negative 1,054,000,000 US dollars
Net change in commercial paper and credit facility draws
313,000,000 US dollars
Common share dividends
negative 1,995,000,000 US dollars
Other
negative 11,000,000 US dollars
Operating adjustment reconciliation
2,119,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
3,393,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
4,870,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 41,000,000 US dollars
Ending cash on Sep 30, 2024
2,102,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
6,828,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,597,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.05×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
2,973,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
1,632,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,341,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.53B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 2,973,000,000 US dollars minus 1,632,000,000 US dollars equals 1,341,000,000 US dollars.
ENBRIDGE INC. (ENB) FY2024 Q3 Statement of Cash Flows Sankey chart
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