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Supplemental Financial Information
 12 Months Ended
Dec. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]

34. 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 Emera US Holdings Inc. (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 condensed consolidated financial statements present the results of operations, financial position and cash 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”, “Guarantor Subsidiaries” and “Non-guarantor Subsidiaries” columns each include portions of our domestic and international 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

Condensed Consolidated Statements of Income

ParentSubsidiary IssuerGuarantor SubsidiariesNon-guarantor SubsidiariesEliminationsConsolidated
millions of Canadian dollars
For the year ended December 31, 2018
Operating revenues$ - $ - $ 4,432$ 2,146$ (54)$ 6,524
Operating expenses 45 - 3,468 1,665 (52) 5,126
Income (loss) from equity investments and subsidiaries 801 - 3 150 (800) 154
Other income (expenses), net 22 - 20 (27) (38) (23)
Interest expense, net (1) 79 (40) 456 218 - 713
Income (loss) before provision for income taxes 699 40 531 386 (840) 816
Income tax expense (recovery) (47) 9 64 43 - 69
Net income (loss) 746 31 467 343 (840) 747
Non-controlling interest in subsidiaries - - - (1) 2 1
Preferred stock dividends 36 - 38 4 (42) 36
Net income (loss) attributable to common shareholders$ 710$ 31$ 429$ 340$ (800)$ 710
Comprehensive income (loss) of Emera Incorporated$ 1,249$ 56$ 973$ 439$ (1,468)$ 1,249
For the year ended December 31, 2017
Operating revenues$ - $ - $ 4,274$ 2,009$ (57)$ 6,226
Operating expenses 41 - 3,241 1,583 (57) 4,808
Income (loss) from equity investments and subsidiaries 337 - 1 122 (336) 124
Other income (expenses), net 38 - 15 (46) (32) (25)
Interest expense, net (1) 84 (40) 451 203 - 698
Income (loss) before provision for income taxes 250 40 598 299 (368) 819
Income tax expense (recovery) (44) 17 511 36 - 520
Net income (loss) 294 23 87 263 (368) 299
Non-controlling interest in subsidiaries - - - 1 4 5
Preferred stock dividends 28 - 29 13 (42) 28
Net income (loss) attributable to common shareholders$ 266$ 23$ 58$ 249$ (330)$ 266
Comprehensive income (loss) of Emera Incorporated$ (6)$ 3$ (291)$ 265$ 23$ (6)
(1) Interest expense is net of interest revenue.

Emera Incorporated

Condensed Consolidated Balance Sheets

ParentSubsidiary IssuerGuarantor SubsidiariesNon-guarantor SubsidiariesEliminationsConsolidated
millions of Canadian dollars
As at December 31, 2018
Assets
Current assets$146$671,767$1,096$(244)$2,832
Property, plant and equipment24-13,7454,946(3)18,712
Other assets
Regulatory assets --645759-1,404
Goodwill --6,208105-6,313
Other long-term assets11,4574,6609713,200(17,235)3,053
Total other assets11,4574,6607,8244,064(17,235)10,770
Total assets$11,627$4,727$23,336$10,106$(17,482)$32,314
Liabilities and Equity
Current liabilities$368$695$2,829$926$(265)$4,553
Long-term liabilities
Long-term debt 2,9063,70910,2434,428(6,994)14,292
Deferred income taxes -366864361,320
Regulatory liabilities --2,118241-2,359
Other long-term liabilities 36-874543(21)1,432
Total long-term liabilities2,9423,71213,9035,855(7,009)19,403
Total Emera Incorporated equity8,3173206,6043,303(10,227)8,317
Non-controlling interest in subsidiaries ---221941
Total equity8,3173206,6043,325(10,208)8,358
Total liabilities and equity$11,627$4,727$23,336$10,106$(17,482)$32,314
As at December 31, 2017
Assets
Current assets$358$301,420$891$(173)$2,526
Property, plant and equipment17-12,2584,720-16,995
Other assets
Regulatory assets --587686-1,273
Goodwill --5,70996-5,805
Other long-term assets9,7614,2851563,094(15,089)2,207
Total other assets9,7614,2856,4523,876(15,089)9,285
Total assets$10,136$4,315$20,130$9,487$(15,262)$28,806
Liabilities and Equity
Current liabilities$129$12$3,293$714$(202)$3,946
Long-term liabilities
Long-term debt 2,8614,0348,4684,262(6,485)13,140
Deferred income taxes -444756571,023
Regulatory liabilities --1,888354-2,242
Other long-term liabilities 34-691550(24)1,251
Total long-term liabilities2,8954,03811,4945,731(6,502)17,656
Total Emera Incorporated equity7,1122655,3432,970(8,578)7,112
Non-controlling interest in subsidiaries ---722092
Total equity7,1122655,3433,042(8,558)7,204
Total liabilities and equity$10,136$4,315$20,130$9,487$(15,262)$28,806

Emera Incorporated
Condensed Consolidated Statements of Cash Flows
ParentSubsidiary IssuerGuarantor SubsidiariesNon-guarantor SubsidiariesEliminationsConsolidated
millions of Canadian dollars
As at December 31, 2018
Net cash provided by (used in) by operating activities$191$35$1,266$465$(267)$1,690
Investing activities
Additions to property, plant and equipment(9)-(1,687)(466)-(2,162)
Net purchase of investments subject to significant influence--(16)(33)-(49)
Other investing activities(489)-3(65)57221
Net cash provided by (used in) investing activities(498)-(1,700)(564)572(2,190)
Financing activities
Change in short-term debt, net--(162)--(162)
Proceeds from long-term debt--1,17475(194)1,055
Retirement of long-term debt--(716)(41)-(757)
Net borrowings (repayments) under committed credit facilities136-(103)178110321
Issuance of common and preferred stock301-319127(446)301
Dividends paid(382)-(37)(311)348(382)
Other financing activities ---91(123)(32)
Net cash provided by (used in) financing activities55-475119(305)344
Effect of exchange rate changes on cash, cash equivalents and restricted cash(4)2918-25
Net increase (decrease) in cash, cash equivalents and restricted cash(256)375038-(131)
Cash, cash equivalents and restricted cash, beginning of year2762154152-503
Cash, cash equivalents and restricted cash, end of year$20$58$104$190$-$372
As at December 31, 2017
Net cash provided by (used in) operating activities$195$22$658$1,080$(762)$1,193
Investing activities
Additions to property, plant and equipment(5)-(1,031)(480)(13)(1,529)
Net purchase of investments subject to significant influence---(213)-(213)
Other investing activities(742)(26)(5)1,852(1,098)(19)
Net cash provided by (used in) investing activities(747)(26)(1,036)1,159(1,111)(1,761)
Financing activities
Change in short-term debt, net--365(13)-352
Proceeds from long-term debt--147(31)13129
Retirement of long-term debt--(413)(55)15(453)
Net borrowings (repayments) under committed credit facilities(30)-591929230
Issuance of common and preferred stock682-134(2,032)1,898682
Dividends paid(315)-(29)(285)314(315)
Other financing activities 290-96(42)(376)(32)
Net cash provided by (used in) financing activities627-359(2,266)1,873593
Effect of exchange rate changes on cash, cash equivalents and restricted cash1(3)1(12)-(13)
Net increase (decrease) in cash, cash equivalents and restricted cash76(7)(18)(39)-12
Cash, cash equivalents and restricted cash, beginning of year2002872191-491
Cash, cash equivalents and restricted cash, end of year$276$21$54$152$-$503