AQN: Algonquin Power & Utilities Corp Financial Statements

Balance sheet, income statement, and cash flow statements for Algonquin Power & Utilities Corp (AQN).

OverviewDividends

$3.41B Market Cap.

As of 05/09/2025 5:00 PM ET (MRY) • Disclaimer

AQN Market Cap. (MRY)


AQN Shares Outstanding (MRY)


AQN Assets (MRY)


Total Assets

$16.96B

Total Liabilities

$10.79B

Total Investments

$67.80M

AQN Income (MRY)


Revenue

$2.32B

Net Income

-$1.38B

Operating Expense

$395.69M

AQN Cash Flow (MRY)


CF Operations

$481.72M

CF Investing

$132.74M

CF Financing

-$556.41M

AQN Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$16,961,700,000 (-7.69%)

$18,373,961,000 (4.23%)

$17,627,613,000 (4.94%)

$16,797,503,000 (27.02%)

Assets Current

$1,135,100,000 (6.45%)

$1,066,345,000 (-2.57%)

$1,094,481,000 (16.59%)

$938,743,000 (35.03%)

Assets Non-Current

$15,826,600,000 (-8.56%)

$17,307,616,000 (4.68%)

$16,533,132,000 (4.25%)

$15,858,760,000 (26.58%)

Goodwill & Intangible Assets

$1,381,300,000 (-1.09%)

$1,396,526,000 (-1.46%)

$1,417,262,000 (8.49%)

$1,306,360,000 (-1.28%)

Shareholders Equity

$4,707,900,000 (-6.58%)

$5,039,565,000 (-3.45%)

$5,219,647,000 (-10.91%)

$5,858,997,000 (12.60%)

Property Plant & Equipment Net

$9,450,100,000 (3.54%)

$9,126,773,000 (-23.59%)

$11,944,885,000 (8.17%)

$11,042,446,000 (33.98%)

Cash & Equivalents

$34,800,000 (38.92%)

$25,051,000 (-56.53%)

$57,623,000 (-53.96%)

$125,157,000 (23.17%)

Accumulated Other Comprehensive Income

$81,400,000 (179.58%)

-$102,286,000 (36.10%)

-$160,063,000 (-123.31%)

-$71,677,000 (-218.47%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$67,800,000 (-94.33%)

$1,194,762,000 (-33.86%)

$1,806,532,000 (-22.94%)

$2,344,282,000 (14.14%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$67,800,000 (-94.33%)

$1,194,762,000 (-33.86%)

$1,806,532,000 (-22.94%)

$2,344,282,000 (14.14%)

Inventory

$223,600,000 (0.54%)

$222,406,000 (-1.12%)

$224,921,000 (26.53%)

$177,761,000 (32.02%)

Trade & Non-Trade Receivables

$422,600,000 (5.27%)

$401,440,000 (-23.98%)

$528,057,000 (30.89%)

$403,426,000 (24.19%)

Trade & Non-Trade Payables

$164,200,000 (-8.98%)

$180,407,000 (-3.05%)

$186,080,000 (0.43%)

$185,291,000 (-3.57%)

Accumulated Retained Earnings (Deficit)

-$2,929,900,000 (-128.95%)

-$1,279,696,000 (-28.23%)

-$997,945,000 (-246.00%)

-$288,424,000 (-730.39%)

Tax Assets

$11,200,000 (-92.61%)

$151,576,000 (79.56%)

$84,416,000 (167.18%)

$31,595,000 (44.40%)

Tax Liabilities

$577,200,000 (1.93%)

$566,264,000 (0.11%)

$565,639,000 (6.69%)

$530,187,000 (-6.76%)

Total Debt

$6,698,700,000 (-10.69%)

$7,500,155,000 (-0.16%)

$7,512,017,000 (20.94%)

$6,211,375,000 (36.86%)

Debt Current

$491,700,000 (-20.93%)

$621,856,000 (46.92%)

$423,274,000 (18.76%)

$356,397,000 (154.80%)

Debt Non-Current

$6,207,000,000 (-9.76%)

$6,878,299,000 (-2.97%)

$7,088,743,000 (21.07%)

$5,854,978,000 (33.11%)

Total Liabilities

$10,785,500,000 (-8.21%)

$11,749,553,000 (8.88%)

$10,791,174,000 (14.61%)

$9,415,424,000 (24.51%)

Liabilities Current

$1,497,500,000 (-11.14%)

$1,685,180,000 (9.82%)

$1,534,460,000 (12.44%)

$1,364,712,000 (42.84%)

Liabilities Non-Current

$9,288,000,000 (-7.71%)

$10,064,373,000 (8.73%)

$9,256,714,000 (14.98%)

$8,050,712,000 (21.86%)

AQN Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$2,319,538,000 (-3.51%)

$2,403,924,000 (-13.06%)

$2,765,013,000 (21.58%)

$2,274,142,000 (35.61%)

Cost of Revenue

$1,474,279,000 (-5.94%)

$1,567,418,000 (-8.76%)

$1,717,843,000 (21.31%)

$1,416,043,000 (54.28%)

Selling General & Administrative Expense

$0 (0%)

$0 (0%)

$80,232,000 (20.24%)

$66,726,000 (5.71%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$395,687,000 (11.29%)

$355,560,000 (-43.68%)

$631,292,000 (43.27%)

$440,626,000 (16.80%)

Interest Expense

$363,576,000 (17.88%)

$308,440,000 (10.72%)

$278,574,000 (32.94%)

$209,554,000 (15.18%)

Income Tax Expense

$186,797,000 (604.11%)

-$37,055,000 (39.76%)

-$61,513,000 (-41.65%)

-$43,425,000 (-167.24%)

Net Loss Income from Discontinued Operations

$1,506,276,000 (18168.96%)

$8,245,000 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$1,515,893,000 (-4451.55%)

-$33,305,000 (89.19%)

-$308,155,000 (-265.98%)

$185,657,000 (-74.49%)

Net Income to Non-Controlling Interests

-$135,376,000 (-118.42%)

-$61,979,000 (35.55%)

-$96,166,000 (-21.42%)

-$79,202,000 (-44.97%)

Net Income

-$1,380,517,000 (-4914.53%)

$28,674,000 (113.53%)

-$211,989,000 (-180.04%)

$264,859,000 (-66.15%)

Preferred Dividends Income Statement Impact

$10,489,000 (25.53%)

$8,356,000 (-4.17%)

$8,720,000 (-3.14%)

$9,003,000 (7.17%)

Net Income Common Stock

-$1,391,006,000 (-6946.18%)

$20,318,000 (109.21%)

-$220,709,000 (-186.26%)

$255,856,000 (-66.95%)

Weighted Average Shares

$767,150,389 (11.38%)

$688,759,098 (1.16%)

$680,870,761 (8.74%)

$626,145,788 (5.18%)

Weighted Average Shares Diluted

-

-

-

-

Earning Before Interest & Taxes (EBIT)

-$830,144,000 (-376.66%)

$300,059,000 (5815.99%)

$5,072,000 (-98.82%)

$430,988,000 (-58.12%)

Gross Profit

$845,259,000 (1.05%)

$836,506,000 (-20.12%)

$1,047,170,000 (22.03%)

$858,099,000 (13.03%)

Operating Income

$449,572,000 (-6.52%)

$480,946,000 (15.65%)

$415,878,000 (-0.38%)

$417,473,000 (9.31%)

AQN Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$132,738,000 (112.12%)

-$1,095,621,000 (38.74%)

-$1,788,409,000 (0.54%)

-$1,798,109,000 (-46.20%)

Net Cash Flow from Financing

-$556,414,000 (-225.66%)

$442,808,000 (-60.12%)

$1,110,236,000 (-33.67%)

$1,673,716,000 (118.26%)

Net Cash Flow from Operations

$481,718,000 (-23.30%)

$628,034,000 (1.44%)

$619,096,000 (293.16%)

$157,466,000 (-68.83%)

Net Cash Flow / Change in Cash & Cash Equivalents

$54,954,000 (319.41%)

-$25,046,000 (58.40%)

-$60,204,000 (-291.91%)

$31,371,000 (-26.61%)

Net Cash Flow - Business Acquisitions and Disposals

$29,548,000 (0%)

$0 (0%)

-$632,797,000 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

-$92,188,000 (-61.08%)

-$57,230,000 (-42.86%)

-$40,061,000 (90.36%)

-$415,781,000 (-1970.11%)

Capital Expenditure

$204,763,000 (119.95%)

-$1,026,171,000 (5.77%)

-$1,089,024,000 (19.03%)

-$1,345,045,000 (-71.12%)

Issuance (Repayment) of Debt Securities

-$1,407,870,000 (-273.62%)

$810,877,000 (-40.58%)

$1,364,718,000 (2335.63%)

-$61,044,000 (-119.61%)

Issuance (Purchase) of Equity Shares

$1,153,954,000 (21968.35%)

$5,229,000 (-87.99%)

$43,546,000 (-95.58%)

$985,619,000 (20.09%)

Payment of Dividends & Other Cash Distributions

-$285,063,000 (11.60%)

-$322,468,000 (14.83%)

-$378,597,000 (-23.28%)

-$307,115,000 (-21.02%)

Effect of Exchange Rate Changes on Cash

-$3,088,000 (-1056.55%)

-$267,000 (76.31%)

-$1,127,000 (33.78%)

-$1,702,000 (-397.03%)

Share Based Compensation

$18,389,000 (76.87%)

$10,397,000 (-4.79%)

$10,920,000 (30.08%)

$8,395,000 (-65.93%)

Depreciation Amortization & Accretion

$476,679,000 (2.07%)

$466,996,000 (2.52%)

$455,520,000 (13.04%)

$402,963,000 (28.28%)

AQN Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

36.40% (4.60%)

34.80% (-8.18%)

37.90% (0.53%)

37.70% (-16.78%)

Profit Margin

-60.00% (-7600.00%)

0.80% (110.00%)

-8.00% (-170.80%)

11.30% (-75.54%)

EBITDA Margin

-15.20% (-147.65%)

31.90% (91.02%)

16.70% (-54.50%)

36.70% (-54.18%)

Return on Average Equity (ROAE)

-27.00% (-6850.00%)

0.40% (110.00%)

-4.00% (-183.33%)

4.80% (-72.57%)

Return on Average Assets (ROAA)

-7.70% (-7800.00%)

0.10% (108.33%)

-1.20% (-175.00%)

1.60% (-75.76%)

Return on Sales (ROS)

-35.80% (-386.40%)

12.50% (6150.00%)

0.20% (-98.95%)

19.00% (-69.06%)

Return on Invested Capital (ROIC)

-3.60% (-376.92%)

1.30% (0%)

0% (0%)

2.20% (-70.27%)

Dividend Yield

9.30% (34.78%)

6.90% (-36.70%)

10.90% (136.96%)

4.60% (24.32%)

Price to Earnings Ratio (P/E)

-2.34 (-101.11%)

210.67 (1166.24%)

-19.76 (-156.06%)

35.24 (195.47%)

Price to Sales Ratio (P/S)

1.47 (-18.72%)

1.81 (12.76%)

1.61 (-59.64%)

3.98 (-31.90%)

Price to Book Ratio (P/B)

0.72 (-16.09%)

0.86 (1.65%)

0.85 (-44.95%)

1.54 (-18.00%)

Debt to Equity Ratio (D/E)

2.29 (-1.72%)

2.33 (12.77%)

2.07 (28.62%)

1.61 (10.60%)

Earnings Per Share (EPS)

-1.9 (-6433.33%)

0.03 (109.09%)

-0.33 (-180.49%)

0.41 (-70.29%)

Sales Per Share (SPS)

3.02 (-13.35%)

3.49 (-14.06%)

4.06 (11.81%)

3.63 (28.93%)

Free Cash Flow Per Share (FCFPS)

0.9 (254.84%)

-0.58 (16.23%)

-0.69 (63.63%)

-1.9 (-301.91%)

Book Value Per Share (BVPS)

6.14 (-16.13%)

7.32 (-4.55%)

7.67 (-18.07%)

9.36 (7.05%)

Tangible Assets Book Value Per Share (TABVPS)

20.31 (-17.61%)

24.65 (3.53%)

23.81 (-3.77%)

24.74 (23.76%)

Enterprise Value Over EBIT (EV/EBIT)

-13 (-130.95%)

42 (-98.23%)

2,372 (6488.89%)

36 (176.92%)

Enterprise Value Over EBITDA (EV/EBITDA)

-30.63 (-286.07%)

16.46 (-36.98%)

26.12 (38.50%)

18.86 (88.20%)

Asset Turnover

0.13 (-3.01%)

0.13 (-14.74%)

0.16 (12.23%)

0.14 (-2.80%)

Current Ratio

0.76 (19.75%)

0.63 (-11.22%)

0.71 (3.63%)

0.69 (-5.49%)

Dividends

$0.41 (-5.07%)

$0.43 (-39.13%)

$0.71 (6.90%)

$0.67 (10.07%)

Free Cash Flow (FCF)

$686,481,000 (272.42%)

-$398,137,000 (15.28%)

-$469,928,000 (60.43%)

-$1,187,579,000 (-322.91%)

Enterprise Value (EV)

$10,825,187,231 (-14.26%)

$12,625,281,499 (4.95%)

$12,029,868,362 (-23.51%)

$15,727,018,637 (16.86%)

Earnings Before Tax (EBT)

-$1,193,720,000 (-14143.17%)

-$8,381,000 (96.94%)

-$273,502,000 (-223.51%)

$221,434,000 (-73.86%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$353,465,000 (-146.08%)

$767,055,000 (66.54%)

$460,592,000 (-44.77%)

$833,951,000 (-37.91%)

Invested Capital

$20,746,800,000 (-8.87%)

$22,767,359,000 (2.88%)

$22,130,285,000 (9.49%)

$20,212,649,000 (31.40%)

Working Capital

-$362,400,000 (41.44%)

-$618,835,000 (-40.65%)

-$439,979,000 (-3.29%)

-$425,969,000 (-63.71%)

Tangible Asset Value

$15,580,400,000 (-8.23%)

$16,977,435,000 (4.73%)

$16,210,351,000 (4.64%)

$15,491,143,000 (30.17%)

Market Capitalization

$3,413,819,231 (-21.57%)

$4,352,957,499 (-1.94%)

$4,439,277,362 (-50.94%)

$9,047,806,637 (-7.66%)

Average Equity

$5,150,135,250 (-0.10%)

$5,155,058,500 (-6.18%)

$5,494,492,000 (2.61%)

$5,354,741,750 (21.13%)

Average Assets

$17,981,124,500 (-0.45%)

$18,063,133,500 (2.21%)

$17,672,170,500 (8.36%)

$16,309,057,500 (38.64%)

Invested Capital Average

$23,112,333,250 (0.43%)

$23,012,852,500 (3.02%)

$22,338,337,000 (12.03%)

$19,938,735,000 (43.32%)

Shares

767,150,389 (11.38%)

688,759,098 (1.16%)

680,870,761 (8.74%)

626,145,788 (5.18%)