PBA FY 2008 Earnings Report — Pembina Pipeline Corporation Revenue & Financial Results | Market Cap Arena

Pembina Pipeline CorporationPBA

FY 2008 Earnings

Reported December 30, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$494M	—	$369M	—	33.7%
Op. Income	$141M	—	$119M	—	17.9%
Gross Margin	44.9%	—	51.5%	—	-6.6pp
Net Margin	24.0%	—	28.2%	—	-4.2pp
EPS (Diluted)	$0.87	—	$0.78	—	12.3%
Free Cash Flow	-$3M	—	-$81M	—	96.3%

Revenue Flow

Item	Amount
REVENUE	$494M
Cost of Revenue	$272M
GROSS PROFIT	$222M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$28M
Other Expenses	$53M
Operating Expenses	$81M
Cost & Expenses	$353M
OPERATING INCOME	$141M
Interest Income	$0
Interest Expense	$31M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$126M
Income Tax Expense	$8M
NET INCOME	$118M
D&A	$53M
EBIT	$158M
EBITDA	$193M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$494M
Cost of Revenue	$272M
GROSS PROFIT	$222M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$28M
Other Expenses	$53M
Operating Expenses	$81M
Cost & Expenses	$353M
OPERATING INCOME	$141M
Interest Income	$0
Interest Expense	$31M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$126M
Income Tax Expense	$8M
NET INCOME	$118M
D&A	$53M
EBIT	$158M
EBITDA	$193M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$118M
Depreciation & Amortization	$53M
Stock-Based Compensation	$560.3K
Deferred Income Tax	$8M
Other Non-Cash Items	-$27M
Change in Working Capital	$8M
OPERATING CASH FLOW	$161M
Capital Expenditure	-$164M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$30M
NET CASH FROM INVESTING	-$134M
Net Debt Issuance	$99M
Common Stock Repurchased	$0
Common Dividends Paid	-$144M
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$29M
FREE CASH FLOW	-$3M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$10M
Short-Term Investments	$0
Net Receivables	$48M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$58M
PP&E (Net)	$1.2B
Goodwill	$259M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.5B
Account Payables	$48M
Short-Term Debt	$60M
Deferred Revenue	$0
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$121M
Long-Term Debt	$638M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$72M
Other Non-Current Liabilities	$72M
TOTAL NON-CURRENT LIABILITIES	$782M
TOTAL LIABILITIES	$903M
Common Stock	$0
Additional Paid-In Capital	$988M
Retained Earnings	-$334M
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$646M
Minority Interest	$0
TOTAL EQUITY	$646M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$698M
Net Debt	$688M