FORTIS INC Revenue, Profits - FTS Annual Income Statement

Add to My Stocks
$33.35 $0.53 (1.61%) FTS stock closing price Aug 17, 2018 (Closing)

Financial analysis of FORTIS INC involves more than just checking the FORTIS INC stock price, by looking at the financial statements of the company in detail. In the income statement, an investor can look at important parameters like revenue or sales, gross profits, net profits, and EPS basic to gain deeper insights. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from 5.16B to 6.4B and how operating and non operating activities have impacted the FTS stock. Along with FORTIS INC assets and FORTIS INC free cash flow, FORTIS INC profits as shown in profit and loss statement give key insights about the business. The net profit for 2017 is $792.99M and the 2017 revenue is $6.4B.

View revenue and profit details for latest and last 10 financial years.
show more
Fiscal year is Jan - Dec201720162015
FORTIS INC Revenues or Net Sales
6.4B5.16B5.27B
Cost Of Goods Sold (COGS)3.57B3.3B3.47B
FORTIS INC Gross Profit
2.84B1.86B1.79B
Research & Development Expense---
Selling General & Admin Expense---
Income Before Depreciation Depletion Amortization2.84B1.86B1.79B
Depreciation Depletion Amortization909.48M742.36M683.55M
Non Operating Income97.96M40.02M154.25M
Interest Expense705.05M512.02M432.99M
FORTIS INC Pretax Income
1.32B647.96M832.32M
Provision for Income Taxes453.58M109.5M174.6M
MinorityInterest74.82M40.02M27.4M
Investment Gains Losses---
Other Income---
Income Before Extraordinaries & Disc Operations867.82M538.45M657.72M
Extraordinary Items & Discontinued Operations---
FORTIS INC Profit/ Loss (Net Income)
792.99M498.43M630.31M
Average Shares used to compute Diluted EPS484.61M308.9M284.7M
Average Shares used to compute Basic EPS484.61M308.9M278.6M
Income Before Nonrecurring Items811.94M641.02M461.59M
Income from Nonrecurring Items55.52M-102.68M108.93M
FORTIS INC Earnings Per Share Basic Net
1.791.432.05
FORTIS INC Earnings Per Share Diluted Net
1.781.432.02
EPS Diluted Before Nonrecurring Items1.951.761.65
Preferred Dividends Acc Pd---
Dividends Common---
Dividend Per Share Common1.261.150.00
All figures in USD. M: Millions of USD, B: Billions of USD.

It is very helpful to read a report on FORTIS INC stock analysis. An investor must check the following items in an income statement:

  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth - See: FORTIS INC revenue chart implies that the company is growing. It has been the case with FORTIS INC. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $792.99M for FTS stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called the profit and loss statement. Apart from the FTS income statement, one can check the FORTIS INC historical stock prices to check how the price has moved with time.

FORTIS INC Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
18.43
PS Ratio (price sales ratio)
2.2
Operating Margin
29.7
Net Profit Margin
13.2
Dividend Yield
3.99%