FORTIS INC Revenue, Profits - FTS Quarterly Income Statement

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$32.81 $0.54 (1.62%) FTS stock closing price Aug 20, 2018 (Closing)

FTS stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the FORTIS INC stock price. 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. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the FTS stock is bound to reflect the impact of the QOQ decline of -13.21%. The operating expenses as shown in the FORTIS INC profit and loss statement for 2018 Q2 total to $239.48M. This line item shows that the operating expenses has increased compared with last year. Also check: FORTIS INC assets and FORTIS INC free cash flow.

View and download details of revenue and profits for FORTIS INC for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
FORTIS INC Revenues or Net Sales
1.51B1.74B1.66B1.52B1.5B1.72B1.54B1.16B1.15B1.28B
Cost Of Goods Sold (COGS)821.5M1.01B958.05M783.53M814.35M1.01B1.02B708.8M724.78M852.93M
FORTIS INC Gross Profit
687.43M723.94M711.76M733.27M684.2M708.75M563.52M449.52M421.36M427.92M
Research & Development Expense----------
Selling General & Admin Expense----------
Income Before Depreciation Depletion Amortization687.43M723.94M711.76M733.27M684.2M708.75M563.52M449.52M421.36M427.92M
Depreciation Depletion Amortization239.48M238.94M232.06M231.39M221.62M224.41M212.25M179.5M180.03M170.58M
Non Operating Income13.95M7.12M38.35M18.35M17.84M23.42M13.71M7.67M6.98M11.66M
Interest Expense188.33M186.72M179.97M179.52M172.53M173.03M168.49M125.8M116.4M101.33M
FORTIS INC Pretax Income
273.58M305.4M338.08M340.7M307.89M334.73M196.49M151.88M131.92M167.67M
Provision for Income Taxes47.28M17.4M213.07M84.57M75.85M80.09M26.49M30.68M21.72M30.61M
MinorityInterest27.13M19.78M4.62M21.54M28.26M20.4M14.83M6.9M13.19M5.1M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations226.3M255.6M105.52M221.71M191M222.11M141.59M97.4M83.03M118.1M
Extraordinary Items & Discontinued Operations----------
FORTIS INC Profit/ Loss (Net Income)
199.18M255.6M105.52M221.71M191M222.11M141.59M97.4M83.03M118.1M
Average Shares used to compute Diluted EPS424.3M422.5M422.06M419.3M417.4M406.9M384.6M285M284.3M288.6M
Average Shares used to compute Basic EPS423.8M422M422.06M418.6M416.8M406.2M384.6M285M283.7M282.4M
Income Before Nonrecurring Items186M231.86M203.94M202.57M188.03M212.29M184.3M118.11M101.66M138.51M
Income from Nonrecurring Items-23.74M-98.43M19.14M2.97M9.82M-42.7M-20.71M-18.62M-20.41M
FORTIS INC Earnings Per Share Basic Net
0.440.610.250.530.460.550.370.340.290.42
FORTIS INC Earnings Per Share Diluted Net
0.440.600.240.530.460.550.370.340.290.42
EPS Diluted Before Nonrecurring Items0.440.550.490.490.450.530.480.410.360.49
Preferred Dividends Acc Pd-0.47M-1.83M--------
Dividends Common140.18143.76140.55-------
Dividend Per Share Common0.330.340.340.320.290.310.300.290.300.27
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on FORTIS INC stock analysis. It helps to look at the following income statement items:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that FTS stock has a topline or revenue of $1.51B for 2018 Q2 as per this FORTIS INC revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $199.18M for FORTIS INC for 2018 Q2. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.

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%