BIPH FY 2014 Earnings Report — Brookfield Infrastructure Corpo Revenue & Financial Results | Market Cap Arena

Brookfield Infrastructure CorpoBIPH

FY 2014 Earnings

Reported December 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.9B	—	—	—	—
Op. Income	$583M	—	—	—	—
Gross Margin	56.0%	—	—	—	—
Net Margin	5.2%	—	—	—	—
EPS (Diluted)	$0.30	—	—	—	—
Free Cash Flow	$237M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$846M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$115M
SG&A Expenses	$115M
Other Expenses	$0
Operating Expenses	$408M
Cost & Expenses	$1.3B
OPERATING INCOME	$583M
Interest Income	$362M
Interest Expense	$0
Other Income/Expenses	-$655M
INCOME BEFORE TAX	$308M
Income Tax Expense	$79M
Net Income from Continuing Ops	$229M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$380M
EBIT	$583M
EBITDA	$963M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$846M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$115M
SG&A Expenses	$115M
Other Expenses	$0
Operating Expenses	$408M
Cost & Expenses	$1.3B
OPERATING INCOME	$583M
Interest Income	$362M
Interest Expense	$0
Other Income/Expenses	-$655M
INCOME BEFORE TAX	$308M
Income Tax Expense	$79M
Net Income from Continuing Ops	$229M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$380M
EBIT	$583M
EBITDA	$963M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$101M
Depreciation & Amortization	$380M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$158M
Change in Working Capital	$52M
OPERATING CASH FLOW	$691M
Capital Expenditure	-$454M
Acquisitions (Net)	-$89M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$530M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$802M
Common Stock Repurchased	$0
Common Dividends Paid	-$288M
Other Financing Activities	-$472M
NET CASH FROM FINANCING	$42M
FREE CASH FLOW	$237M
Net Change in Cash	-$349M

Balance Sheet

Item	Amount
Cash & Equivalents	$189M
Short-Term Investments	$311M
Net Receivables	$268M
Inventory	$21M
Other Current Assets	$740M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$8.1B
Goodwill	$84M
Intangible Assets	$3.6B
Long-Term Investments	$2.8B
Tax Assets	$0
Other Non-Current Assets	$367M
TOTAL NON-CURRENT ASSETS	$14.9B
TOTAL ASSETS	$16.5B
Account Payables	$264M
Short-Term Debt	$41M
Deferred Revenue	$0
Other Current Liabilities	$367M
TOTAL CURRENT LIABILITIES	$821M
Long-Term Debt	$6.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.4B
TOTAL NON-CURRENT LIABILITIES	$9.4B
TOTAL LIABILITIES	$10.2B
Common Stock	$3.2B
Additional Paid-In Capital	$0
Retained Earnings	-$400M
Treasury Stock	$0
Accum. Other Comp. Income	$732M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$2.8B
TOTAL EQUITY	$6.3B
TOTAL LIABILITIES & EQUITY	$16.5B
Total Debt	$7.0B
Net Debt	$6.8B