Company: ENBSF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000895728-25-000012
Chunk: 24

Company: ENBRIDGE INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 24
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 adjustments119 1,658 Other comprehensive income, net of tax75 1,396 Comprehensive income2,565 2,961 Comprehensive income attributable to noncontrolling interests(128)(88)Comprehensive income attributable to controlling interests2,437 2,873 Preference share dividends(103)(93)Comprehensive income attributable to common shareholders2,334 2,780 

The accompanying notes are an integral part of these interim consolidated financial statements.

7

ENBRIDGE INC.

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

Three months endedMarch 31, 20252024(unaudited; millions of Canadian dollars, except per share amounts)Preference sharesBalance at beginning and end of period6,818 6,818 Common sharesBalance at beginning of period71,738 69,180 Shares issued on exercise of stock options32 4 Shares issued on vesting of restricted stock units (RSU), net of tax38 17 Balance at end of period71,808 69,201 Additional paid-in capitalBalance at beginning of period275 268 Stock-based compensation49 32 Stock options exercised(27)(4)Vested RSUs(68)(22)Balance at end of period229 274 DeficitBalance at beginning of period(20,046)(17,115)Earnings attributable to controlling interests2,364 1,512 Preference share dividends(103)(93)Balance at end of period(17,785)(15,696)Accumulated other comprehensive income (Note 8)Balance at beginning of period7,115 2,303 Other comprehensive income attributable to common shareholders, net of tax73 1,361 Balance at end of period7,188 3,664 Total Enbridge Inc. shareholders’ equity68,258 64,261 Noncontrolling interestsBalance at beginning of period2,993 3,029 Earnings attributable to noncontrolling interests126 53 Other comprehensive income attributable to noncontrolling interests, net of taxChange in unrealized gain on cash flow hedges1 6 Foreign currency translation adjustments1 29  2 35 Comprehensive income attributable to noncontrolling interests128 88 Distributions(100)(78)Contributions5 2 Other(4)1 Balance at end of period3,022 3,042 Total equity71,280 67,303 Divid