2016 2015 36 Consolidated Balance Sheet 4 As At $ Millions 2018 2017 5 ASSETS 6 Current assets 7 Cash and cash equivalents 101.6 27 3 8 Accounts receivable net of allowances 1547.5 3829 9 Inventory 5159 2011 10 Restricted cashholdings from customers 4.1 89 11 Regulatory assets 21 11 12 Risk management assels 114.1 386 1. Prepaid expenses and other current assels 1999 14 Assets held for sale 1528.9 6 19 4033 701.9 16 Property plant and equipment 10929.6 6689.8 17 Intangible assets 711 9 5888 1 Goodwill 4068 2 8173 19 Regulatory assets 663 328 6 > Risk management assets 57 7 15.9 Deferred income taxes 28 Restricted cash holdings Trom customers 61 7.5 Prepaid posrebrement benelits 3427 Long-term investments and other assets 283.1 3126 investuients accounted for by the equity method 23924 567 23487.7 10032.2 LIABILITIES AND SHAREHOLDERS' EQUITY Current labilities 1AR21 Arts van create WOWA Financial Statements Ratio Analysis 19 338 8 221 5 09 40.4 428 70.7 738.6 67349 6943 856 329.1 24.1 28 10.1 2934 333 3 204 5.4 4.3 50.4 48.3 98.7 1037.8 65979 7351 8773 333.3 23.5 45 125 189,3 64.3 6214 413.3 10200.6 10099.5 383 1 092 2 23487.7 10032.2 10200.6 10099.5 26 27 LIABILITIES AND SHAREHOLDERS' EQUITY 28 Current labilities 29 Accounts payable and accrued liabilities 30 Dividends payable 31 Short-term debt 32 Current portion of long-term debt 33 Customer deposils 34 Regulatoiy liabilties 35 Risk management liabilities 36 Other current liabilities 13 Liabilities associated with assets held for sale 38 29. Long-tenn debt 481 Asset retirement obligations 41 Unamortized investment tax credits 47 Deferred Income Taxes 43 Regulatory Liabilities 14 Risk management lablities 45 Other long-term liabilities 46 Future employee obligations 1488.2 22 1209.9 890.2 98 114.9 89.3 18.1 171.4 4102 8066.9 500.6 190.1 957.9 1392.8 213 122 302.2 15847.5 415.3 32 46.8 188.9 30.8 10.9 57.6 32.6 0.3 815.2 3436.5 88.3 345.8 29.2 128.7 383.4 35.5 16.6 32.9 23.6 0.4 996.1 3366.9 81.6 383.1 24.1 130.7 287.5 41 21.3 33.5 17.8 8.7 947.7 3732.4 6719 444.2 268.6 13.8 201.9 124.5 5393 621.7 170.5 12.6 206.3 129.5 5585.2 621.7 167.6 15.7 206.7 13619 5896.6 13 Shareholders' equity 48 Common shares no par values unlimited shares authorized (SM)2015-146.6.2016-166.9 31 Preferred shares 52 Contributed surplus 55 Accumulated deficit 54 Accumulated other comprehensive income AOCI) 55 Totalshareholders'equity 3s Non.controlling Interests 3- Total equity dover Page Financial Statements 6653.9 1318.8 37312 -190516 579 7019.6 620.6 7640.2 Ratio Anal 40079 127717 22.3 -983.6 199.1 4573.4 65.8 3773.4 9851 17.4 -600.4 4051 4580.6 3418 4615.4 3168.1 985.1 16.7 -4854 433.5 4168 8419 4202.9 4613.9.2 Ready Search the web and windows B F G H 1 T c -625 2556.2 D -114 2189.7 E 9.4 2192.8 4256.7 1016.9 509,3 11 2715 A 70 Unrealized gains (losses) on risk management contracts 7 REVENUE 72 EXPENSES 73 Cost of sales, exclusive of items shown separately 74 Operating and administrative 75 Accretion expenses 16 Depreciation and amortization 77 Provisions on assets 79 7. Income (loss) from equity investments Bo Other Income (loss) 11 Foreign exchange gains 32 Interest expense Short-term debt * Long-term debt B Income before income taxes 16 Income tax expense 12455 3 1129 10.9 394 7287 4717.9 1479 09 4.5 1357 1 5722 10.9 2824 139.6 2362.2 314 96 1.7 104.9 4919 11 2119 53.5 1873.2 634 2817 6 REVENUE 2018 2017 2016 2015 Regulated operations 1119.1 1049.9 1066.7 Services 903.3 828.4 758.5 Sales 595.9 315.6 3572 Other revenue 10.4 72 1 Unrealized gains (losses) -625 -11.4 9.4 4257 2556.2 2189.7 2192.8 1808.7 3.4 8.6 4 -14 -295 -716.9 -3.7 -1666 66.4 31 1477 2462 -11 -1244 108 30.5 27 Current B Deferred -54 1 Net Income after taxes 9 Net Income applicable to non-controlling interests 91 Net income applicable to controlling interests Preferred share dividends Net income applicable to common shares 244 -2876 -4537 -186 -4351 66.6 -501.7 99.9 183 916 -613 30.3 244 8.4 21314 99 203.5 -481 155.4 23 8 1245 597 86 6111 412 9.9 $ Weighted average number of common shares 9 outstanding (millions) Bass 31 Diluted 222.5 12227 Fatid Analysis 171 1718 1572 1576 137 1387 Cover Page Financial Statements Part II calculate the following ratios for 2018, 2017 and 2016: Current ratio - Accounts receivable turnover Average collection period Return on common shareholders' equity Return on assets Profit margin Asset turnover Earnings per share - Debt to assets ratio Times interest earned Part III: Based on your calculations in Part II, use the intracompany comparisons approach and analyze the company's overall financial situation. Break your analysis into an evaluation of the firm's liquidity, profitability and solvency. Provide an overall conclusion Part IV: Based on your findings in Part III, would you consider working for this company? Why or why not? 2016 2015 36 Consolidated Balance Sheet 4 As At $ Millions 2018 2017 5 ASSETS 6 Current assets 7 Cash and cash equivalents 101.6 27 3 8 Accounts receivable net of allowances 1547.5 3829 9 Inventory 5159 2011 10 Restricted cashholdings from customers 4.1 89 11 Regulatory assets 21 11 12 Risk management assels 114.1 386 1. Prepaid expenses and other current assels 1999 14 Assets held for sale 1528.9 6 19 4033 701.9 16 Property plant and equipment 10929.6 6689.8 17 Intangible assets 711 9 5888 1 Goodwill 4068 2 8173 19 Regulatory assets 663 328 6 > Risk management assets 57 7 15.9 Deferred income taxes 28 Restricted cash holdings Trom customers 61 7.5 Prepaid posrebrement benelits 3427 Long-term investments and other assets 283.1 3126 investuients accounted for by the equity method 23924 567 23487.7 10032.2 LIABILITIES AND SHAREHOLDERS' EQUITY Current labilities 1AR21 Arts van create WOWA Financial Statements Ratio Analysis 19 338 8 221 5 09 40.4 428 70.7 738.6 67349 6943 856 329.1 24.1 28 10.1 2934 333 3 204 5.4 4.3 50.4 48.3 98.7 1037.8 65979 7351 8773 333.3 23.5 45 125 189,3 64.3 6214 413.3 10200.6 10099.5 383 1 092 2 23487.7 10032.2 10200.6 10099.5 26 27 LIABILITIES AND SHAREHOLDERS' EQUITY 28 Current labilities 29 Accounts payable and accrued liabilities 30 Dividends payable 31 Short-term debt 32 Current portion of long-term debt 33 Customer deposils 34 Regulatoiy liabilties 35 Risk management liabilities 36 Other current liabilities 13 Liabilities associated with assets held for sale 38 29. Long-tenn debt 481 Asset retirement obligations 41 Unamortized investment tax credits 47 Deferred Income Taxes 43 Regulatory Liabilities 14 Risk management lablities 45 Other long-term liabilities 46 Future employee obligations 1488.2 22 1209.9 890.2 98 114.9 89.3 18.1 171.4 4102 8066.9 500.6 190.1 957.9 1392.8 213 122 302.2 15847.5 415.3 32 46.8 188.9 30.8 10.9 57.6 32.6 0.3 815.2 3436.5 88.3 345.8 29.2 128.7 383.4 35.5 16.6 32.9 23.6 0.4 996.1 3366.9 81.6 383.1 24.1 130.7 287.5 41 21.3 33.5 17.8 8.7 947.7 3732.4 6719 444.2 268.6 13.8 201.9 124.5 5393 621.7 170.5 12.6 206.3 129.5 5585.2 621.7 167.6 15.7 206.7 13619 5896.6 13 Shareholders' equity 48 Common shares no par values unlimited shares authorized (SM)2015-146.6.2016-166.9 31 Preferred shares 52 Contributed surplus 55 Accumulated deficit 54 Accumulated other comprehensive income AOCI) 55 Totalshareholders'equity 3s Non.controlling Interests 3- Total equity dover Page Financial Statements 6653.9 1318.8 37312 -190516 579 7019.6 620.6 7640.2 Ratio Anal 40079 127717 22.3 -983.6 199.1 4573.4 65.8 3773.4 9851 17.4 -600.4 4051 4580.6 3418 4615.4 3168.1 985.1 16.7 -4854 433.5 4168 8419 4202.9 4613.9.2 Ready Search the web and windows B F G H 1 T c -625 2556.2 D -114 2189.7 E 9.4 2192.8 4256.7 1016.9 509,3 11 2715 A 70 Unrealized gains (losses) on risk management contracts 7 REVENUE 72 EXPENSES 73 Cost of sales, exclusive of items shown separately 74 Operating and administrative 75 Accretion expenses 16 Depreciation and amortization 77 Provisions on assets 79 7. Income (loss) from equity investments Bo Other Income (loss) 11 Foreign exchange gains 32 Interest expense Short-term debt * Long-term debt B Income before income taxes 16 Income tax expense 12455 3 1129 10.9 394 7287 4717.9 1479 09 4.5 1357 1 5722 10.9 2824 139.6 2362.2 314 96 1.7 104.9 4919 11 2119 53.5 1873.2 634 2817 6 REVENUE 2018 2017 2016 2015 Regulated operations 1119.1 1049.9 1066.7 Services 903.3 828.4 758.5 Sales 595.9 315.6 3572 Other revenue 10.4 72 1 Unrealized gains (losses) -625 -11.4 9.4 4257 2556.2 2189.7 2192.8 1808.7 3.4 8.6 4 -14 -295 -716.9 -3.7 -1666 66.4 31 1477 2462 -11 -1244 108 30.5 27 Current B Deferred -54 1 Net Income after taxes 9 Net Income applicable to non-controlling interests 91 Net income applicable to controlling interests Preferred share dividends Net income applicable to common shares 244 -2876 -4537 -186 -4351 66.6 -501.7 99.9 183 916 -613 30.3 244 8.4 21314 99 203.5 -481 155.4 23 8 1245 597 86 6111 412 9.9 $ Weighted average number of common shares 9 outstanding (millions) Bass 31 Diluted 222.5 12227 Fatid Analysis 171 1718 1572 1576 137 1387 Cover Page Financial Statements Part II calculate the following ratios for 2018, 2017 and 2016: Current ratio - Accounts receivable turnover Average collection period Return on common shareholders' equity Return on assets Profit margin Asset turnover Earnings per share - Debt to assets ratio Times interest earned Part III: Based on your calculations in Part II, use the intracompany comparisons approach and analyze the company's overall financial situation. Break your analysis into an evaluation of the firm's liquidity, profitability and solvency. Provide an overall conclusion Part IV: Based on your findings in Part III, would you consider working for this company? Why or why not