Comments

  • Help me understand, please.
    Pat often advises us to look, not to Income statements, but to Cash Flow, since the former can be jigged to hide problems. But when I look at Fortis’ Cash Flow, every year it’s Free Cash Flow is in the red by hundreds of millions of dollars.

  • Perhaps, the TSI advisor would kindly post a response to this blog for all to see. That way, all would be more enriched.

  • TSI Editorial Team 

    On a closer look. In 2015 (the most recent year available), Fortis’s free cash flow was $574 million. That was more than sufficient to cover its $332 million in dividend payments.
    In general, free cash flow is defined as regular cash flow from continuing operations, less costs to maintain assets (excluding acquisitions and new building).

    • Scott 

      Thanks for your question. We plan to take a look at Fortis, and that issue, in an upcoming issue of our Successful Investor newsletter.

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