PBA FY 2009 Earnings Report — Pembina Pipeline Corporation Revenue & Financial Results | Market Cap Arena

Pembina Pipeline CorporationPBA

FY 2009 Earnings

Reported December 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$594M	—	$494M	—	20.3%
Op. Income	$154M	—	$141M	—	9.3%
Gross Margin	41.7%	—	44.9%	—	-3.2pp
Net Margin	20.0%	—	24.0%	—	-4.0pp
EPS (Diluted)	$0.78	—	$0.87	—	-10.1%
Free Cash Flow	$59M	—	-$3M	—	2084.4%

Revenue Flow

Item	Amount
REVENUE	$594M
Cost of Revenue	$346M
GROSS PROFIT	$247M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$38M
Other Expenses	$51M
Operating Expenses	$89M
Cost & Expenses	$435M
OPERATING INCOME	$154M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$116M
Income Tax Expense	-$3M
NET INCOME	$119M
D&A	$51M
EBIT	$154M
EBITDA	$210M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$594M
Cost of Revenue	$346M
GROSS PROFIT	$247M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$38M
Other Expenses	$51M
Operating Expenses	$89M
Cost & Expenses	$435M
OPERATING INCOME	$154M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$116M
Income Tax Expense	-$3M
NET INCOME	$119M
D&A	$51M
EBIT	$154M
EBITDA	$210M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$51M
Stock-Based Compensation	$339.4K
Deferred Income Tax	-$3M
Other Non-Cash Items	-$139.7K
Change in Working Capital	-$3M
OPERATING CASH FLOW	$164M
Capital Expenditure	-$105M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$244M
NET CASH FROM INVESTING	-$349M
Net Debt Issuance	$159M
Common Stock Repurchased	$0
Common Dividends Paid	-$168M
Other Financing Activities	$0
NET CASH FROM FINANCING	$215M
FREE CASH FLOW	$59M
Net Change in Cash	$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$61M
Inventory	$10M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$110M
PP&E (Net)	$1.5B
Goodwill	$210M
Intangible Assets	$67M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$1.9B
Account Payables	$42M
Short-Term Debt	$142M
Deferred Revenue	$0
Other Current Liabilities	$15M
TOTAL CURRENT LIABILITIES	$199M
Long-Term Debt	$712M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$70M
Other Non-Current Liabilities	$80M
TOTAL NON-CURRENT LIABILITIES	$862M
TOTAL LIABILITIES	$1.1B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	-$386M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$826M
Minority Interest	$0
TOTAL EQUITY	$826M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$930M
Net Debt	$930M