Hydro Historical Income Statement
| H Stock | CAD 48.99 0.05 0.10% |
Historical analysis of Hydro One income statement accounts such as Total Revenue of 6.7 B or Gross Profit of 2.6 B can show how well Hydro One performed in making a profits. Evaluating Hydro One income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Hydro One's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Hydro One latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hydro One is a good buy for the upcoming year.
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About Hydro Income Statement Analysis
Hydro One Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Hydro One shareholders. The income statement also shows Hydro investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Hydro One Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Hydro One generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Hydro One minus its cost of goods sold. It is profit before Hydro One operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Hydro One. It is also known as Hydro One overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Hydro One operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Hydro One is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from Hydro One's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Hydro One current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hydro One. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. As of the 24th of March 2025, Total Operating Expenses is likely to grow to about 6.7 B, while Depreciation And Amortization is likely to drop about 751.6 M.
| 2022 | 2023 | 2024 | 2025 (projected) | Interest Expense | 477M | 584M | 631M | 436.8M | Depreciation And Amortization | 966M | 996M | 1.1B | 751.6M |
Hydro One income statement Correlations
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Hydro One Account Relationship Matchups
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Hydro One income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 884M | 922M | 966M | 996M | 1.1B | 751.6M | |
| Interest Expense | 456M | 451M | 477M | 584M | 631M | 436.8M | |
| Total Revenue | 7.3B | 7.2B | 7.8B | 7.8B | 8.5B | 6.7B | |
| Gross Profit | 2.4B | 2.5B | 2.8B | 2.8B | 3.0B | 2.6B | |
| Other Operating Expenses | 5.7B | 5.5B | 5.8B | 5.0B | 5.8B | 5.1B | |
| Operating Income | 1.6B | 1.7B | 2.0B | 2.8B | 2.1B | 1.5B | |
| Ebit | 1.5B | 1.6B | 1.8B | 1.9B | 2.1B | 1.4B | |
| Ebitda | 2.4B | 2.5B | 2.8B | 2.9B | 3.3B | 2.2B | |
| Cost Of Revenue | 4.9B | 4.7B | 5.0B | 5.0B | 5.5B | 4.1B | |
| Total Operating Expenses | 760M | 785M | 798M | (996M) | 6.4B | 6.7B | |
| Income Before Tax | 796M | 1.0B | 1.2B | 1.3B | 1.3B | 955.1M | |
| Total Other Income Expense Net | (595M) | (598M) | (693M) | (1.6B) | (153M) | (160.7M) | |
| Net Income | 1.8B | 965M | 1.1B | 1.1B | 1.2B | 809.7M | |
| Income Tax Expense | (6M) | (785M) | 178M | 288M | 160.2M | 100.6M | |
| Net Income From Continuing Ops | 1.8B | 973M | 1.1B | 1.1B | 1.2B | 963.8M | |
| Net Income Applicable To Common Shares | 778M | 1.8B | 965M | 1.1B | 1.2B | 886.5M | |
| Minority Interest | 79M | 94M | (8M) | (9M) | (8.1M) | (7.7M) | |
| Tax Provision | (6M) | (785M) | 178M | 288M | 181M | 104.3M | |
| Interest Income | 458M | 455M | 464M | 12M | 24M | 22.8M | |
| Net Interest Income | (464M) | (449M) | (489M) | (570M) | (625M) | (656.3M) | |
| Reconciled Depreciation | 783M | 815M | 798M | 996M | 909M | 900.9M |
Pair Trading with Hydro One
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hydro One position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hydro One will appreciate offsetting losses from the drop in the long position's value.Moving against Hydro Stock
The ability to find closely correlated positions to Hydro One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hydro One when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hydro One - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hydro One to buy it.
The correlation of Hydro One is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hydro One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hydro One moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hydro One can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Hydro Stock
Hydro One Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Hydro One shareholders. The income statement also shows Hydro investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).