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Consolidated Statements of Changes in Equity - CAD ($)
$ in Millions
Total
Common Stock
Preferred Stock
Contributed Surplus
Accumulated Other Comprehensive Income (Loss)
[1]
Retained Earnings
Non-Controlling Interest
Beginning Balance at Dec. 31, 2017 $ 7,204 $ 5,601 $ 709 $ 76 $ (165) $ 891 $ 92
Net income from operations of Emera Incorporated 747 0 0 0 0 746 1
Other comprehensive income (loss), net of tax 506 [2] 0 0 0 503 0 3
Dividends declared on preferred stock (note 27) (36) 0 0 0 0 (36) 0
Dividends declared on common stock (528) 0 0 0 0 (528) 0
Common stock issued under purchase plan 191 191 0 0 0 0 0
Senior management stock options exercised   1          
Issuance of common stock, net of after-tax issuance costs 295 0 295 0 0 0 0
Acquisition of non-controlling of ICD Utilities Limited ("ICDU") (25) (22) 0 (6) 0 0 (53)
Other 4 2 0 2 0 2 (2)
Ending Balance at Dec. 31, 2018 8,358 5,816 1,004 84 338 1,075 41
Net income from operations of Emera Incorporated 710 0 0 0 0 708 2
Other comprehensive income (loss), net of tax (244) [2] 0 0 0 (243) 0 (1)
Dividends declared on preferred stock (note 27) (45) 0 0 0 0 (45) 0
Dividends declared on common stock (565) 0 0 0 0 (565) 0
Common stock issued under purchase plan 195 195 0 0 0 0 0
Senior management stock options exercised 97 104 0 (7) 0 0 0
Issuance of common stock, net of after-tax issuance costs 99 99 0 0 0 0 0
Issuance of preferred shares of GBPC, net of issuance costs (note 28) 14 0 0 0 0 0 14
Redemption of preferred shares of GBPC (note 28) (19) 0 0 0 0 0 (19)
Other 1 2 0 1 0 0 (2)
Ending Balance at Dec. 31, 2019 $ 8,601 $ 6,216 $ 1,004 $ 78 $ 95 $ 1,173 $ 35
[1]
(1) Accumulated Other Comprehensive Income (Loss) ("AOCI") ("AOCL")
[2]
4) Net of tax expense of $10 million (2018 - $11 million tax recovery) for the year ended December 31, 2019.