PBA FY 2007 Earnings Report — Pembina Pipeline Corporation Revenue & Financial Results | Market Cap Arena

Pembina Pipeline CorporationPBA

FY 2007 Earnings

Reported December 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$369M	—	$246M	—	50.3%
Op. Income	$119M	—	$81M	—	47.5%
Gross Margin	51.5%	—	64.6%	—	-13.0pp
Net Margin	28.2%	—	26.5%	—	1.7pp
EPS (Diluted)	$0.78	—	$0.53	—	45.2%
Free Cash Flow	-$81M	—	-$18M	—	-341.4%

Revenue Flow

Item	Amount
REVENUE	$369M
Cost of Revenue	$179M
GROSS PROFIT	$190M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$22M
Other Expenses	$49M
Operating Expenses	$71M
Cost & Expenses	$250M
OPERATING INCOME	$119M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$88M
Income Tax Expense	-$16M
NET INCOME	$104M
D&A	$49M
EBIT	$119M
EBITDA	$168M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$369M
Cost of Revenue	$179M
GROSS PROFIT	$190M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$22M
Other Expenses	$49M
Operating Expenses	$71M
Cost & Expenses	$250M
OPERATING INCOME	$119M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$88M
Income Tax Expense	-$16M
NET INCOME	$104M
D&A	$49M
EBIT	$119M
EBITDA	$168M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$104M
Depreciation & Amortization	$49M
Stock-Based Compensation	$0
Deferred Income Tax	-$16M
Other Non-Cash Items	$4M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$139M
Capital Expenditure	-$220M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$210M
Net Debt Issuance	$171M
Common Stock Repurchased	$0
Common Dividends Paid	-$128M
Other Financing Activities	$0
NET CASH FROM FINANCING	$82M
FREE CASH FLOW	-$81M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$0
Net Receivables	$41M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$53M
PP&E (Net)	$1.1B
Goodwill	$262M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.4B
Account Payables	$44M
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$60M
Long-Term Debt	$600M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$69M
Other Non-Current Liabilities	$46M
TOTAL NON-CURRENT LIABILITIES	$714M
TOTAL LIABILITIES	$774M
Common Stock	$0
Additional Paid-In Capital	$966M
Retained Earnings	-$307M
Treasury Stock	$0
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$665M
Minority Interest	$0
TOTAL EQUITY	$665M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$605M
Net Debt	$592M