Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.65B | $1.63B | $1.68B | $2.27B | $2.77B | $2.40B | $2.32B | $2.43B |
| Revenue growth | — | 8.3% | -1.3% | 3.1% | 35.6% | 21.6% | -13.1% | -3.5% | 4.9% |
| Operating income | $377M | $378M | $367M | $384M | $413M | $402M | $467M | $446M | $505M |
| Operating margin | 24.8% | 23.0% | 22.6% | 22.9% | 18.2% | 14.5% | 19.4% | 19.2% | 20.7% |
| Net income | $149M | $185M | $531M | $782M | $265M | -$212M | $28.7M | -$1.38B | $181M |
| Net margin | 9.8% | 11.2% | 32.6% | 46.7% | 11.6% | -7.7% | 1.2% | -59.5% | 7.4% |
| EPS (diluted) | $0.37 | $0.38 | $1.04 | $1.37 | $0.41 | -$0.33 | $0.03 | -$1.90 | $0.22 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $327M | $530M | $611M | $505M | $157M | $619M | $628M | $482M | $594M |
| Capital expenditures | $565M | $466M | $581M | $786M | $1.35B | $1.09B | $1.03B | $872M | $772M |
| Free cash flow | -$239M | $64.0M | $29.9M | -$281M | -$1.19B | -$470M | -$398M | -$391M | -$178M |
| Dividends paid | $128M | $166M | $196M | $254M | $307M | $379M | $322M | $285M | $201M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $43.5M | $46.8M | $62.5M | $102M | $125M | $57.6M | $25.1M | $34.8M | $32.7M |
| Total assets | $8.40B | $9.40B | $10.9B | $13.2B | $16.8B | $17.6B | $18.4B | $17.0B | $14.1B |
| Total liabilities | — | — | $6.18B | $7.23B | $9.08B | — | — | — | — |
| Long-term debt | $3.07B | $3.32B | $3.71B | $4.40B | $5.85B | $7.09B | $6.88B | $6.21B | $6.17B |
| Shareholders' equity | $2.72B | $3.18B | $3.88B | $5.20B | $5.86B | $5.22B | $5.04B | $4.71B | $4.64B |
| Retained earnings | -$524M | -$595M | -$367M | $45.8M | -$288M | -$998M | -$1.28B | -$2.93B | -$2.96B |
| Shares (wtd avg diluted) | 386M | 466M | 505M | 564M | 629M | 678M | 691M | 734M | 772M |
Every figure is extracted from ALGONQUIN POWER & UTILITIES CORP.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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