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Supplemental Financial Information | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | 36. SUPPLEMENTAL FINANCIAL INFORMATION On June 16, 2016, Emera US Finance LP, (in such capacity, the “Issuer”), issued $3.25 billion USD senior unsecured notes (“U.S. Notes”). The U.S Notes are fully and unconditionally guaranteed, on a joint and several basis, by Emera (in such capacity, the “Parent Company”) and EUSHI (in such capacity, the “Guarantor Subsidiaries”). Emera owns, directly or indirectly, all of the limited and general partnership interests in Emera US Finance LP. The following con solidated financial statements present the results of operations, financial position and ca sh flows of the Parent Company, Subsidiary Issuer, Guarantor Subsidiaries and all other Non-guarantor Subsidiaries independently and on a consolidated basis. Our guarantors were not determined using geographic, service line or other similar criteria, and as a result, the “Parent”, “Subsidiary Issuer”, “Gu arantor Subsidiaries” and “Non-guarantor Subsidiaries” columns each include portions of our domestic and interna tional operations. Accordingly, this basis of presentation is not intended to present our financial condition, results of operations or cash flows for any purpose other than to comply with the specific requirements for guarantor reporting. Emera Incorporated Co nsolidated Statements of Income For the year ended December 31, 2016
|  | Parent | Subsidiary Issuer |  | Guarantor Subsidiaries | Non-guarantor Subsidiaries | Eliminations | Consolidated
millions of Canadian dollars |  |
Operating revenues |  |  |  |  |  |  |  |  |  |  |  |
Regulated electric | $ | - | $ | - | $ | 1,665 | $ | 1,774 | $ | (2) | $ | 3,437
Regulated gas |  | - |  | - |  | 451 |  | 48 |  | - |  | 499
Non-regulated |  | - |  | - |  | 378 |  | (4) |  | (33) |  | 341
Total operating revenues |  | - |  | - |  | 2,494 |  | 1,818 |  | (35) |  | 4,277
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Regulated fuel for generation and purchased power |  | - |  | - |  | 560 |  | 662 |  | - |  | 1,222
Regulated cost of natural gas |  | - |  | - |  | 177 |  | - |  | - |  | 177
Regulated fuel adjustment mechanism and fixed cost deferrals |  | - |  | - |  | - |  | 61 |  | - |  | 61
Non-regulated fuel for generation and purchased power |  | - |  | - |  | 261 |  | 56 |  | (4) |  | 313
Non-regulated direct costs |  | - |  | - |  | - |  | 52 |  | (23) |  | 29
Operating, maintenance and general |  | 37 |  | - |  | 647 |  | 461 |  | (8) |  | 1,137
Provincial, state and municipal taxes |  | - |  | - |  | 152 |  | 43 |  | - |  | 195
Depreciation and amortization |  | 2 |  | - |  | 330 |  | 256 |  | - |  | 588
Total operating expenses |  | 39 |  | - |  | 2,127 |  | 1,591 |  | (35) |  | 3,722
Income (loss) from operations |  | (39) |  | - |  | 367 |  | 227 |  | - |  | 555
Income (loss) from equity investments in subsidiaries |  | 150 |  | - |  | - |  | - |  | (150) |  | -
Income from equity investments |  | 18 |  | - |  | - |  | 82 |  | - |  | 100
Intercompany income (expenses), net |  | 203 |  | 101 |  | (107) |  | (151) |  | (46) |  | -
Other income (expenses), net |  | 135 |  | - |  | 24 |  | 15 |  | - |  | 174
Interest expense, net |  | 226 |  | 85 |  | 127 |  | 147 |  | - |  | 585
Income (loss) before provision for income taxes |  | 241 |  | 16 |  | 157 |  | 26 |  | (196) |  | 244
Income tax expense (recovery) |  | (14) |  | 7 |  | 48 |  | (63) |  | - |  | (22)
Net income (loss) |  | 255 |  | 9 |  | 109 |  | 89 |  | (196) |  | 266
Non-controlling interest in subsidiaries |  | - |  | - |  | - |  | 7 |  | 4 |  | 11
Net income (loss) of Emera Incorporated |  | 255 |  | 9 |  | 109 |  | 82 |  | (200) |  | 255
Preferred stock dividends |  | 28 |  | - |  | 31 |  | 19 |  | (50) |  | 28
Net income (loss) attributable to common shareholders | $ | 227 | $ | 9 | $ | 78 | $ | 63 | $ | (150) | $ | 227
Comprehensive income (loss) of Emera Incorporated | $ | 228 | $ | 19 | $ | 205 | $ | 59 | $ | (283) | $ | 228
Emera Incorporated Co nsolidated Statements of Income For the year ended December 31, 2015
|  | Parent | Subsidiary Issuer |  | Guarantor Subsidiaries | Non-guarantor Subsidiaries | Eliminations | Consolidated
millions of Canadian dollars |  |
Operating revenues |  |  |  |  |  |  |  |  |  |  |  |
Regulated electric | $ | - | $ | - | $ | 283 | $ | 1,860 | $ | (2) | $ | 2,141
Regulated gas |  | - |  | - |  | - |  | 52 |  | - |  | 52
Non-regulated |  | - |  | - |  | 419 |  | 219 |  | (42) |  | 596
Total operating revenues |  | - |  | - |  | 702 |  | 2,131 |  | (44) |  | 2,789
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Regulated fuel for generation and purchased power |  | - |  | - |  | 70 |  | 745 |  | - |  | 815
Regulated fuel adjustment mechanism and fixed cost deferrals |  | - |  | - |  | - |  | 42 |  | - |  | 42
Non-regulated fuel for generation and purchased power |  | - |  | - |  | 277 |  | 64 |  | (5) |  | 336
Non-regulated direct costs |  | - |  | - |  | - |  | 49 |  | (30) |  | 19
Operating, maintenance and general |  | 54 |  | - |  | 148 |  | 472 |  | (8) |  | 666
Provincial, state and municipal taxes |  | - |  | - |  | 21 |  | 42 |  | - |  | 63
Depreciation and amortization |  | 1 |  | - |  | 79 |  | 260 |  | - |  | 340
Total operating expenses |  | 55 |  | - |  | 595 |  | 1,674 |  | (43) |  | 2,281
Income (loss) from operations |  | (55) |  | - |  | 107 |  | 457 |  | (1) |  | 508
Income (loss) from equity investments in subsidiaries |  | 270 |  | - |  | - |  | - |  | (270) |  | -
Income from equity investments |  | 37 |  | - |  | 5 |  | 66 |  | - |  | 108
Intercompany income (expenses), net |  | 156 |  | - |  | - |  | 8 |  | (164) |  | -
Other income (expenses), net |  | 91 |  | - |  | 21 |  | 29 |  | - |  | 141
Interest expense, net |  | 46 |  | - |  | 28 |  | 272 |  | (134) |  | 212
Income (loss) before provision for income taxes |  | 453 |  | - |  | 105 |  | 288 |  | (301) |  | 545
Income tax expense (recovery) |  | 25 |  | - |  | 35 |  | 33 |  | - |  | 93
Net income (loss) |  | 428 |  | - |  | 70 |  | 255 |  | (301) |  | 452
Non-controlling interest in subsidiaries |  | - |  | - |  | - |  | 13 |  | 12 |  | 25
Net income (loss) of Emera Incorporated |  | 428 |  | - |  | 70 |  | 242 |  | (313) |  | 427
Preferred stock dividends |  | 30 |  | - |  | 15 |  | 26 |  | (41) |  | 30
Net income (loss) attributable to common shareholders | $ | 398 | $ | - | $ | 55 | $ | 216 | $ | (272) | $ | 397
Comprehensive income (loss) of Emera Incorporated | $ | 911 | $ | - | $ | 303 | $ | 452 | $ | (755) | $ | 911
Emera Incorporated Consolidated Balance Sheets As at December 31, 2016
|  | Parent | Subsidiary Issuer |  | Guarantor Subsidiaries | Non-guarantor Subsidiaries | Eliminations | Consolidated
millions of Canadian dollars |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 200 | $ | 28 | $ | 48 | $ | 128 | $ | - | $ | 404
Restricted cash |  | - |  | - |  | 1 |  | 86 |  | - |  | 87
Receivables, net |  | 1 |  | - |  | 429 |  | 584 |  | - |  | 1,014
Intercompany receivables |  | 57 |  | 9 |  | 11 |  | 569 |  | (646) |  | -
Income taxes receivable |  | - |  | - |  | 5 |  | 28 |  | - |  | 33
Inventory |  | - |  | - |  | 273 |  | 199 |  | - |  | 472
Derivative instruments |  | 13 |  | - |  | 33 |  | 112 |  | (13) |  | 145
Regulatory assets |  | - |  | - |  | 54 |  | 26 |  | - |  | 80
Prepayments and other current assets |  | 2 |  | - |  | 44 |  | 230 |  | - |  | 276
Total current assets |  | 273 |  | 37 |  | 898 |  | 1,962 |  | (659) |  | 2,511
Property, plant and equipment, net of accumulated depreciation |  | 14 |  | - |  | 12,724 |  | 4,552 |  | - |  | 17,290
Other assets |  |  |  |  |  |  |  |  |  |  |  |
Income taxes receivable |  | - |  | - |  | - |  | 48 |  | - |  | 48
Deferred income taxes |  | 31 |  | - |  | 18 |  | 114 |  | (38) |  | 125
Derivative instruments |  | 12 |  | - |  | 2 |  | 129 |  | (12) |  | 131
Pension and post-retirement asset |  | - |  | - |  | - |  | 9 |  | - |  | 9
Regulatory assets |  | - |  | - |  | 647 |  | 595 |  | - |  | 1,242
Net investment in direct financing lease |  | - |  | - |  | 13 |  | 475 |  | - |  | 488
Investments in subsidiaries accounted for using the equity method |  | 8,349 |  | - |  | - |  | - |  | (8,349) |  | -
Investments subject to significant influence |  | 5 |  | - |  | 13 |  | 929 |  | - |  | 947
Investment securities |  | - |  | - |  | - |  | 48 |  | - |  | 48
Goodwill |  | - |  | - |  | 6,110 |  | 103 |  | - |  | 6,213
Intercompany notes receivable |  | 1,341 |  | 4,558 |  | 16 |  | 589 |  | (6,504) |  | -
Other investments - intercompany |  | - |  | - |  | - |  | 2,270 |  | (2,270) |  | -
Other long-term assets |  | 33 |  | - |  | 85 |  | 70 |  | (19) |  | 169
Total other assets |  | 9,771 |  | 4,558 |  | 6,904 |  | 5,379 |  | (17,192) |  | 9,420
Total assets | $ | 10,058 | $ | 4,595 | $ | 20,526 | $ | 11,893 | $ | (17,851) | $ | 29,221
Emera Incorporated
Consolidated Balance Sheets – Continued
As at December 31, 2016
|  | Parent | Subsidiary Issuer |  | Guarantor Subsidiaries | Non-guarantor Subsidiaries | Eliminations | Consolidated
millions of Canadian dollars |  |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | - | $ | - | $ | 948 | $ | 13 | $ | - | $ | 961
Current portion of long-term debt |  | - |  | - |  | 436 |  | 40 |  | - |  | 476
Accounts payable |  | 6 |  | - |  | 756 |  | 480 |  | - |  | 1,242
Intercompany payable |  | 534 |  | 6 |  | 81 |  | 25 |  | (646) |  | -
Income taxes payable |  | - |  | 6 |  | - |  | 13 |  | - |  | 19
Derivative instruments |  | 14 |  | - |  | 10 |  | 314 |  | (13) |  | 325
Regulatory liabilities |  | - |  | - |  | 225 |  | 137 |  | - |  | 362
Pension and post-retirement liabilities |  | - |  | - |  | 51 |  | 7 |  | - |  | 58
Other current liabilities |  | 54 |  | 7 |  | 79 |  | 141 |  | - |  | 281
Total current liabilities |  | 608 |  | 19 |  | 2,586 |  | 1,170 |  | (659) |  | 3,724
Long-term liabilities |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 2,338 |  | 4,314 |  | 4,687 |  | 2,929 |  | - |  | 14,268
Intercompany long-term debt |  | 366 |  | - |  | 4,778 |  | 1,357 |  | (6,501) |  | -
Deferred income taxes |  | - |  | 1 |  | 1,193 |  | 516 |  | (38) |  | 1,672
Convertible debentures |  | 8 |  | - |  | - |  | - |  | - |  | 8
Derivative instruments |  | 12 |  | - |  | - |  | 150 |  | (12) |  | 150
Regulatory liabilities |  | - |  | - |  | 973 |  | 304 |  | - |  | 1,277
Asset retirement obligations |  | - |  | - |  | 61 |  | 109 |  | - |  | 170
Pension and post-retirement liabilities |  | 17 |  | - |  | 433 |  | 219 |  | - |  | 669
Other long-term liabilities |  | 5 |  | - |  | 213 |  | 268 |  | (19) |  | 467
Total long-term liabilities |  | 2,746 |  | 4,315 |  | 12,338 |  | 5,852 |  | (6,570) |  | 18,681
Equity |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | 4,738 |  | 242 |  | 4,177 |  | 3,997 |  | (8,416) |  | 4,738
Cumulative preferred stock |  | 709 |  | - |  | 620 |  | 271 |  | (891) |  | 709
Contributed surplus |  | 75 |  | - |  | 45 |  | 106 |  | (151) |  | 75
Accumulated other comprehensive income (loss) |  | 106 |  | 10 |  | 340 |  | (191) |  | (159) |  | 106
Retained earnings |  | 1,076 |  | 9 |  | 420 |  | 610 |  | (1,039) |  | 1,076
Total Emera Incorporated equity |  | 6,704 |  | 261 |  | 5,602 |  | 4,793 |  | (10,656) |  | 6,704
Non-controlling interest in subsidiaries |  | - |  | - |  | - |  | 78 |  | 34 |  | 112
Total equity |  | 6,704 |  | 261 |  | 5,602 |  | 4,871 |  | (10,622) |  | 6,816
Total liabilities and equity | $ | 10,058 | $ | 4,595 | $ | 20,526 | $ | 11,893 | $ | (17,851) | $ | 29,221
Emera Incorporated Consolidated Balance Sheets As at December 31, 2015
|  | Parent | Subsidiary Issuer |  | Guarantor Subsidiaries | Non-guarantor Subsidiaries | Eliminations | Consolidated
millions of Canadian dollars |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | - | $ | - | $ | 19 | $ | 1,068 | $ | (14) | $ | 1,073
Restricted cash |  | - |  | - |  | 1 |  | 18 |  | - |  | 19
Receivables, net |  | 2 |  | - |  | 70 |  | 506 |  | - |  | 578
Intercompany receivable |  | 102 |  | - |  | 51 |  | 95 |  | (248) |  | -
Income taxes receivable |  | - |  | - |  | 9 |  | 3 |  | - |  | 12
Inventory |  | - |  | - |  | 48 |  | 266 |  | - |  | 314
Derivative instruments |  | 109 |  | - |  | 46 |  | 112 |  | (17) |  | 250
Regulatory assets |  | - |  | - |  | 17 |  | 77 |  | - |  | 94
Prepayments and other current assets |  | 9 |  | - |  | 4 |  | 243 |  | - |  | 256
Total current assets |  | 222 |  | - |  | 265 |  | 2,388 |  | (279) |  | 2,596
Property, plant and equipment, net of accumulated depreciation |  | 15 |  | - |  | 2,035 |  | 4,419 |  | - |  | 6,469
Other assets |  |  |  |  |  |  |  |  |  |  |  |
Income taxes receivable |  | - |  | - |  | - |  | 49 |  | - |  | 49
Deferred income taxes |  | - |  | - |  | 47 |  | 19 |  | (34) |  | 32
Derivative instruments |  | 35 |  | - |  | - |  | 167 |  | (34) |  | 168
Pension and post-retirement assets |  | - |  | - |  | - |  | 9 |  | - |  | 9
Regulatory assets |  | - |  | - |  | 100 |  | 505 |  | - |  | 605
Net investment in direct financing lease |  | - |  | - |  | - |  | 480 |  | - |  | 480
Investments in subsidiaries accounted for using the equity method |  | 6,042 |  | - |  | - |  | - |  | (6,042) |  | -
Investments subject to significant influence |  | 509 |  | - |  | 12 |  | 624 |  | - |  | 1,145
Investment securities |  | - |  | - |  | - |  | 116 |  | - |  | 116
Goodwill |  | - |  | - |  | 158 |  | 106 |  | - |  | 264
Intercompany notes receivable |  | 3,051 |  | - |  | - |  | 2,754 |  | (5,805) |  | -
Other investments - intercompany |  | - |  | - |  | - |  | 98 |  | (98) |  | -
Other long-term assets |  | 16 |  | - |  | 13 |  | 77 |  | - |  | 106
Total other assets |  | 9,653 |  | - |  | 330 |  | 5,004 |  | (12,013) |  | 2,974
Total assets | $ | 9,890 | $ | - | $ | 2,630 | $ | 11,811 | $ | (12,292) | $ | 12,039
Emera Incorporated
Consolidated Balance Sheets – Continued
As at December 31, 2015
|  | Parent | Subsidiary Issuer |  | Guarantor Subsidiaries | Non-guarantor Subsidiaries | Eliminations | Consolidated
millions of Canadian dollars |  |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | 14 | $ | - | $ | - | $ | 16 | $ | (14) | $ | 16
Current portion of long-term debt |  | 250 |  | - |  | 6 |  | 18 |  | - |  | 274
Accounts payable |  | 17 |  | - |  | 76 |  | 301 |  | - |  | 394
Income taxes payable |  | - |  | - |  | - |  | 8 |  | - |  | 8
Intercompany payable |  | 52 |  | - |  | 92 |  | 77 |  | (221) |  | -
Derivative instruments |  | 17 |  | - |  | 36 |  | 313 |  | (17) |  | 349
Regulatory liabilities |  | - |  | - |  | 10 |  | 102 |  | - |  | 112
Pension and post-retirement liabilities |  | - |  | - |  | - |  | 7 |  | - |  | 7
Other current liabilities |  | 51 |  | - |  | 24 |  | 132 |  | - |  | 207
Total current liabilities |  | 401 |  | - |  | 244 |  | 974 |  | (252) |  | 1,367
Long-term liabilities |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 464 |  | - |  | 389 |  | 2,882 |  | - |  | 3,735
Intercompany long-term debt |  | 2,631 |  | - |  | 120 |  | 3,072 |  | (5,823) |  | -
Deferred income taxes |  | 3 |  | - |  | 343 |  | 450 |  | (34) |  | 762
Convertible debentures (represented by installment receipts) |  | 2,139 |  | - |  | - |  | (1,458) |  | - |  | 681
Derivative instruments |  | 34 |  | - |  | - |  | 96 |  | (34) |  | 96
Regulatory liabilities |  | - |  | - |  | 12 |  | 341 |  | - |  | 353
Asset retirement obligations |  | - |  | - |  | - |  | 109 |  | - |  | 109
Pension and post-retirement liabilities |  | 13 |  | - |  | 93 |  | 197 |  | - |  | 303
Other long-term liabilities |  | 5 |  | - |  | 61 |  | 233 |  | - |  | 299
Total long-term liabilities |  | 5,289 |  | - |  | 1,018 |  | 5,922 |  | (5,891) |  | 6,338
Equity |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | 2,157 |  | - |  | 312 |  | 3,829 |  | (4,141) |  | 2,157
Cumulative preferred stock |  | 709 |  | - |  | 425 |  | 271 |  | (696) |  | 709
Contributed surplus |  | 29 |  | - |  | 45 |  | 133 |  | (178) |  | 29
Accumulated other comprehensive income (loss) |  | 137 |  | - |  | 245 |  | (169) |  | (76) |  | 137
Retained earnings |  | 1,168 |  | - |  | 341 |  | 751 |  | (1,092) |  | 1,168
Total Emera Incorporated equity |  | 4,200 |  | - |  | 1,368 |  | 4,815 |  | (6,183) |  | 4,200
Non-controlling interest in subsidiaries |  | - |  | - |  | - |  | 100 |  | 34 |  | 134
Total equity |  | 4,200 |  | - |  | 1,368 |  | 4,915 |  | (6,149) |  | 4,334
Total liabilities and equity | $ | 9,890 | $ | - | $ | 2,630 | $ | 11,811 | $ | (12,292) | $ | 12,039
Emera Incorporated |  |  |  |  |  |  |  |  |  |  |  |
Consolidated Statements of Cash Flows
For the year ended December 31, 2016
|  | Parent | Subsidiary Issuer |  | Guarantor Subsidiaries | Non-guarantor Subsidiaries | Eliminations | Consolidated
millions of Canadian dollars |  |
Net cash provided by (used in) by operating activities | $ | 265 | $ | 29 | $ | 481 | $ | 107 | $ | 171 | $ | 1,053
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  | - |  | - |  | (8,409) |  | - |  | - |  | (8,409)
Additions to property, plant and equipment |  | (2) |  | - |  | (633) |  | (396) |  | - |  | (1,031)
Net purchase of investments subject to significant influence, inclusive of acquisition costs |  | - |  | - |  | - |  | (276) |  | - |  | (276)
Net proceeds on sale of investment subject to significant influence and held-for-trading common shares |  | 665 |  | - |  | - |  | - |  | - |  | 665
Other intercompany investing activities |  | (2,348) |  | (4,416) |  | (18) |  | (2,397) |  | 9,179 |  | -
Other investing activities |  | - |  | - |  | (42) |  | (12) |  | - |  | (54)
Net cash provided by (used in) investing activities |  | (1,685) |  | (4,416) |  | (9,102) |  | (3,081) |  | 9,179 |  | (9,105)
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Change in short-term debt, net |  | (14) |  | - |  | 122 |  | (4) |  | 14 |  | 118
Proceeds from long-term debt, net of issuance costs |  | 2,037 |  | 4,187 |  | 4,516 |  | 764 |  | (5,081) |  | 6,423
Proceeds from convertible debentures represented by instalment receipts, net of issuance costs |  | (44) |  | - |  | - |  | 1,457 |  | - |  | 1,413
Retirement of long-term debt |  | (250) |  | - |  | (6) |  | (36) |  | 19 |  | (273)
Net borrowings (repayments) under committed credit facilities |  | (210) |  | - |  | - |  | (99) |  | (6) |  | (315)
Issuance of common stock, net of issuance costs |  | 354 |  | 242 |  | 3,865 |  | 95 |  | (4,202) |  | 354
Issuance of preferred stock, net of issuance costs |  | - |  | - |  | 195 |  | - |  | (195) |  | -
Dividends on common stock |  | (221) |  | - |  | - |  | (254) |  | 254 |  | (221)
Dividends on preferred stock |  | (28) |  | - |  | (31) |  | (18) |  | 49 |  | (28)
Dividends paid by subsidiaries to non-controlling interest |  | - |  | - |  | - |  | (2) |  | (3) |  | (5)
Other financing activities |  | - |  | - |  | (18) |  | 185 |  | (185) |  | (18)
Net cash provided by (used in) financing activities |  | 1,624 |  | 4,429 |  | 8,643 |  | 2,088 |  | (9,336) |  | 7,448
Effect of exchange rate changes on cash and cash equivalents |  | (4) |  | (14) |  | 7 |  | (54) |  | - |  | (65)
Net increase (decrease) in cash and cash equivalents |  | 200 |  | 28 |  | 29 |  | (940) |  | 14 |  | (669)
Cash and cash equivalents, beginning of period |  | - |  | - |  | 19 |  | 1,068 |  | (14) |  | 1,073
Cash and cash equivalents, end of period | $ | 200 | $ | 28 | $ | 48 | $ | 128 | $ | - | $ | 404
Emera Incorporated |  |  |  |  |  |  |  |  |  |  |  |
Consolidated Statements of Cash Flows
For the year ended December 31, 2015
|  | Parent | Subsidiary Issuer |  | Guarantor Subsidiaries | Non-guarantor Subsidiaries | Eliminations | Consolidated
millions of Canadian dollars |  |
Net cash provided by (used in) operating activities | $ | 291 | $ | - | $ | 190 | $ | 364 | $ | (171) | $ | 674
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment |  | (7) |  | - |  | (66) |  | (354) |  | - |  | (427)
Net purchase of investments subject to significant influence, inclusive of acquisition costs |  | (1) |  | - |  | (3) |  | (132) |  | - |  | (136)
Proceeds on sale of investment subject to significant influence |  | - |  | - |  | 282 |  | - |  | - |  | 282
Other intercompany investing activities |  | (2,453) |  | - |  | - |  | (29) |  | 2,482 |  | -
Other investing activities |  | (751) |  | - |  | (10) |  | (413) |  | 1,331 |  | 157
Net cash provided by (used in) investing activities |  | (3,212) |  | - |  | 203 |  | (928) |  | 3,813 |  | (124)
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Change in short-term debt, net |  | 4 |  | - |  | - |  | (262) |  | (4) |  | (262)
Proceeds from long-term debt, net of issuance costs |  | - |  | - |  | 29 |  | 1,465 |  | (1,048) |  | 446
Proceeds from convertible debentures represented by instalment receipts, net of issuance costs |  | 2,138 |  | - |  | - |  | (1,457) |  | - |  | 681
Retirement of long-term debt |  | - |  | - |  | (420) |  | (372) |  | 702 |  | (90)
Net borrowings (repayments) under committed credit facilities |  | (39) |  | - |  | (9) |  | (153) |  | - |  | (201)
Issuance of common stock, net of issuance costs |  | 9 |  | - |  | - |  | 2,390 |  | (2,390) |  | 9
Issuance of preferred stock, net of issuance costs |  | - |  | - |  | - |  | 6 |  | (6) |  | -
Dividends on common stock |  | (162) |  | - |  | - |  | (162) |  | 162 |  | (162)
Dividends on preferred stock |  | (30) |  | - |  | (15) |  | (25) |  | 40 |  | (30)
Dividends paid by subsidiaries to non-controlling interest |  | - |  | - |  | - |  | (3) |  | (11) |  | (14)
Other financing activities |  | 1,001 |  | - |  | (11) |  | (55) |  | (1,091) |  | (156)
Net cash provided by (used in) financing activities |  | 2,921 |  | - |  | (426) |  | 1,372 |  | (3,646) |  | 221
Effect of exchange rate changes on cash and cash equivalents |  | - |  | - |  | 14 |  | 67 |  | - |  | 81
Net increase (decrease) in cash and cash equivalents |  | - |  | - |  | (19) |  | 875 |  | (4) |  | 852
Cash and cash equivalents, beginning of period |  | - |  | - |  | 38 |  | 193 |  | (10) |  | 221
Cash and cash equivalents, end of period | $ | - | $ | - | $ | 19 | $ | 1,068 | $ | (14) | $ | 1,073

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