EMA
$47.39+0.23%
as of close, Oct 21, 2026
☾ AH $47.39 +0.23%
EMA financial statements
The full income statement, balance sheet, and cash-flow statement for Emera Incorporated (EMA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2017-12 228.8M2018-12 234.1M2019-12 242.5M2020-12 251.4M2021-12 261.1M2022-12 269.9M2023-12 284.1M2024-12 289.2M2025-12 299.7M+31.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 6.28B+19.6% | 5.25B-6.3% | 5.60B-3.9% | 5.83B+26.8% | 4.60B+12.0% | |
| Operating income | 1.41B+79.4% | 788M-40.7% | 1.33B+6.2% | 1.25B+68.7% | 742M-13.3% | |
| Interest expense | 750M+2.4% | 732M+3.6% | 707M+26.6% | 559M | — | |
| Interest & investment income | 26.5M+57.8% | 16.8M-47.4% | 31.9M+65.9% | 19.2M | — | |
| Net interest income | -739M-4.1% | -710M-3.5% | -685M-25.8% | -545M-211.8% | 487M-3.8% | |
| Other non-operating income | 10.0M-37.6% | 16.0M-1.6% | 16.3M+203.1% | 5.38M-78.9% | 25.5M+18.0% | |
| Equity-method income | 45.1M-37.6% | 72.2M-33.3% | 108M+9.2% | 99.1M-13.1% | 114M+2.6% | |
| Pre-tax income | 838M+180.9% | 298M-65.7% | 869M-5.2% | 917M+107.2% | 443M-55.2% | |
| Income tax | 58.0M+150.0% | -116M-222.3% | 94.9M-33.3% | 142M+3069.5% | -4.79M-101.9% | |
| 780M+88.3% | 414M-46.5% | 774M-0.1% | 775M+73.2% | 448M-39.0% | ||
| Net income to non-controlling interest | 716K-1.9% | 729K-1.6% | 741K-3.6% | 768K-3.7% | 798K+6.9% | |
| Net income to common | 726M+101.6% | 360M-50.3% | 725M-0.2% | 726M+78.3% | 407M-41.8% | |
| $2.42+93.9% | $1.25-52.9% | $2.65-3.0% | $2.73+72.7% | $1.58-44.0% | ||
| EPS (basic) | $2.43+94.5% | $1.25-52.9% | $2.65-3.3% | $2.74+73.2% | $1.58-44.0% | |
| Weighted-avg shares (basic) | 299M+3.5% | 289M+5.7% | 274M+3.1% | 266M+3.2% | 257M+3.8% | |
| Weighted-avg shares (diluted) | 300M+3.6% | 289M+5.6% | 274M+3.0% | 266M+3.1% | 258M+3.9% | |
| Dividends per share | $2.08-0.9% | $2.10+1.6% | $2.07+0.4% | $2.06+0.1% | $2.05+11.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.21B+25.0% | 2.56B-8.5% | 2.80B-22.6% | 3.62B+45.7% | 2.48B+45.1% | ||
| Short-term investments | 3.65M+5.1% | 3.48M-42.5% | 6.04M+2.2% | 5.91M-95.2% | 124M | |
| Cash & short-term investments | 255M+87.1% | 136M-68.2% | 428M+87.0% | 229M-26.6% | 312M+80.5% | |
| Inventory | 600M+10.4% | 543M-9.0% | 597M+5.0% | 568M+33.4% | 426M+19.7% | |
| Prepaid expenses | 1.78B+41.5% | 1.26B-8.3% | 1.37B-35.9% | 2.14B+56.0% | 1.37B+41.6% | |
| Other current assets | 110M+85.4% | 59.1M-13.1% | 68.0M-74.4% | 266M+20.0% | 222M+104.4% | |
| 32.7B+9.6% | 29.9B+0.1% | 29.8B+1.6% | 29.4B+8.3% | 27.1B+10.5% | ||
| Property, plant & equipment | 20.0B+10.0% | 18.2B-1.2% | 18.4B+8.4% | 17.0B+5.5% | 16.1B+5.0% | |
| Operating lease right-of-use | 35.1M-3.0% | 36.1M-11.4% | 40.8M-4.8% | 42.9M-6.7% | 45.9M-4.2% | |
| Goodwill | 4.07B+0.1% | 4.07B-8.2% | 4.43B-0.2% | 4.44B-1.5% | 4.51B+0.3% | |
| Deferred tax assets | 307M+12.8% | 272M+73.4% | 157M-10.3% | 175M-25.0% | 233M+42.2% | |
| Other non-current assets | 9.51B+4.5% | 9.10B+5.7% | 8.61B-1.7% | 8.75B+2.8% | 8.51B+13.8% | |
| 4.84B+36.1% | 3.56B+3.6% | 3.43B-36.2% | 5.38B+39.4% | 3.86B+0.8% | ||
| Accounts payable | 1.42B+2.7% | 1.38B+26.1% | 1.10B-26.6% | 1.50B+27.3% | 1.18B+30.3% | |
| Accrued liabilities | 167M+27.3% | 131M+1.1% | 130M+1.1% | 129M+3.4% | 124M+12.2% | |
| Short-term & current debt | 877M+439.2% | 163M-68.1% | 511M+20.4% | 424M+16.0% | 366M-66.3% | |
| Current lease liability | 730K-65.0% | 2.09M-8.0% | 2.27M+2.2% | 2.22M-6.7% | 2.37M+0.8% | |
| Other current liabilities | 391M+14.9% | 340M+5.4% | 323M-24.6% | 428M+47.7% | 290M+8.5% | |
| Finance lease liability (current) | 2.19M | 0.00 | — | — | — | |
| Long-term debt | 13.5B+6.7% | 12.6B-5.5% | 13.4B+14.9% | 11.6B+3.5% | 11.2B+15.9% | |
| Non-current lease liability | 38.7M+3.1% | 37.5M-9.7% | 41.5M-4.7% | 43.6M-5.1% | 45.9M-2.6% | |
| Operating lease liability (total) | 39.4M-0.5% | 39.6M-9.6% | 43.8M-4.3% | 45.8M-5.1% | 48.3M-2.4% | |
| Finance lease liability (total) | 50.4M+245.2% | 14.6M | — | — | — | |
| Finance lease liability | 48.2M+230.2% | 14.6M | — | — | — | |
| Deferred tax liabilities | 1.84B+13.4% | 1.62B-8.8% | 1.78B+9.5% | 1.62B+9.7% | 1.48B+15.5% | |
| Other non-current liabilities | 701M+10.8% | 633M+2.1% | 619M+1.6% | 610M-11.3% | 687M+12.0% | |
| Total non-current liabilities | 18.1B+6.1% | 17.1B-1.1% | 17.3B+11.2% | 15.5B+2.1% | 15.2B+13.1% | |
| 9.77B+5.9% | 9.23B+1.2% | 9.12B+8.0% | 8.44B+5.4% | 8.01B+10.7% | ||
| Preferred stock | 1.04B+5.1% | 988M-8.0% | 1.07B+2.2% | 1.05B-6.7% | 1.13B+42.7% | |
| Common stock | 6.85B+9.1% | 6.29B-1.7% | 6.39B+11.5% | 5.73B+0.0% | 5.73B+8.8% | |
| Additional paid-in capital | 62.8M+7.6% | 58.4M-5.7% | 61.9M+3.5% | 59.8M-4.3% | 62.5M+0.8% | |
| Retained earnings | 1.18B+15.5% | 1.02B-25.1% | 1.36B+16.4% | 1.17B+9.7% | 1.07B-9.1% | |
| Accumulated other comprehensive income | 637M-27.3% | 877M+280.4% | 230M-46.0% | 427M+2058.0% | 19.8M+131.9% | |
| Non-controlling interest | 10.2M+5.1% | 9.73M-8.0% | 10.6M+2.2% | 10.3M-61.6% | 26.9M+0.8% | |
| Total equity incl. non-controlling | 9.78B+5.9% | 9.24B+1.2% | 9.13B+8.0% | 8.45B+5.2% | 8.03B+10.7% | |
| Total liabilities & equity | 32.7B+9.6% | 29.9B+0.1% | 29.8B+1.6% | 29.4B+8.3% | 27.1B+10.5% | |
| Common shares outstanding | — | — | 284M+5.2% | 270M+3.4% | 261M+3.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.29B-33.2% | 1.93B+16.2% | 1.66B+136.7% | 701M-25.8% | 945M-22.6% | ||
| Depreciation & amortization | 929M+9.3% | 850M+8.2% | 786M+6.6% | 737M+0.9% | 730M+8.8% | |
| Deferred income taxes | 50.8M+136.5% | -139M-293.8% | 71.9M-38.4% | 117M+495.6% | -29.5M-110.4% | |
| Change in inventory | -45.1M-262.7% | 27.7M+220.7% | -23.0M+86.0% | -164M-145.4% | -67.0M-1597.2% | |
| Change in payables | 28.6M+107.3% | -391M-198.1% | 399M+222.7% | -325M-41.0% | -231M-461.9% | |
| Other operating activities | 28.6M-63.7% | 78.8M+279.6% | 20.7M+307.7% | -9.99M-113.0% | 76.6M+138.8% | |
| -2.49B-54.0% | -1.62B+25.2% | -2.16B-9.5% | -1.97B-6.1% | -1.86B-103.7% | ||
| Capital expenditure | 2.53B+10.0% | 2.30B+5.6% | 2.18B+9.1% | 1.99B+6.0% | 1.88B-3.8% | |
| Free cash flow | -1.24B-236.1% | -368M+28.6% | -516M+60.1% | -1.29B-38.1% | -937M-27.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 34.3M+572.8% | 5.11M | — | — | — | |
| Other investing activities | -1.43M-296.2% | 729K+104.9% | -14.8M+28.6% | -20.7M+3.7% | -21.5M-1543.7% | |
| 1.32B+320.8% | -597M-185.7% | 696M-41.8% | 1.19B+14.2% | 1.05B+476.9% | ||
| Long-term debt issued | 1.44B+45.3% | 993M-30.7% | 1.43B+137.7% | 602M-70.4% | 2.04B+538.2% | |
| Long-term debt repaid | 144M-81.8% | 792M+607.9% | 112M-60.3% | 282M-78.7% | 1.32B+246.0% | |
| Common stock issued | 33.6M-83.8% | 207M-34.1% | 314M+47.6% | 213M-15.8% | 253M+18.9% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 412M+5.0% | 392M+8.5% | 362M-0.3% | 363M+2.6% | 353M+15.8% | |
| Other financing activities | -6.44M-394.3% | 2.19M+124.6% | -8.89M-65.3% | -5.38M+48.1% | -10.4M-26.4% | |
| Net change in cash | 107M+140.1% | -268M-241.1% | 190M+390.5% | -65.3M-150.2% | 130M+971.6% | |
| Interest paid | 718M-0.5% | 721M+4.7% | 689M+28.3% | 537M+11.6% | 481M-5.0% | |
| Income taxes paid | 29.3M+18.3% | 24.8M+177.8% | -31.9M+38.1% | -51.5M-168.9% | -19.1M-117.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 14.8B+36.5% | 10.8B+6.0% | 10.2B+1.5% | 10.1B-22.9% | 13.0B+22.1% | |
| P/E | 18.9×-27.5% | 26.1×+98.3% | 13.2×-41.4% | 22.5×-22.9% | 29.1×+100.2% | |
| P/S | 2.3×+14.2% | 2.1×+17.6% | 1.7×-20.0% | 2.2×-22.9% | 2.8×+9.0% | |
| P/B | 1.5×+28.9% | 1.2×-3.1% | 1.2×-3.8% | 1.3×-22.9% | 1.6×+10.2% | |
| Earnings yield | 5.3%+37.9% | 3.8%-49.6% | 7.6%+70.7% | 4.5%+29.8% | 3.4%-50.0% | |
| Dividend yield | 4.2%-24.7% | 5.6%+2.7% | 5.5%+2.3% | 5.3%+29.9% | 4.1%-5.3% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: EMA’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EMA filings on SEC EDGAR → Not investment advice.