PBA FY 2010 Earnings Report — Pembina Pipeline Corporation Revenue & Financial Results | Market Cap Arena

Pembina Pipeline CorporationPBA

FY 2010 Earnings

Reported December 30, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$918M	—	$594M	—	54.6%
Op. Income	$177M	—	$154M	—	15.1%
Gross Margin	28.7%	—	41.7%	—	-13.0pp
Net Margin	14.9%	—	20.0%	—	-5.1pp
EPS (Diluted)	$0.78	—	$0.78	—	0.0%
Free Cash Flow	$41M	—	$59M	—	-30.2%

Revenue Flow

Item	Amount
REVENUE	$918M
Cost of Revenue	$655M
GROSS PROFIT	$263M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$32M
Other Expenses	$49M
Operating Expenses	$81M
Cost & Expenses	$736M
OPERATING INCOME	$177M
Interest Income	$396.4K
Interest Expense	$44M
Other Income/Expenses	-$53M
INCOME BEFORE TAX	$133M
Income Tax Expense	-$4M
NET INCOME	$137M
D&A	$49M
EBIT	$166M
EBITDA	$219M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$918M
Cost of Revenue	$655M
GROSS PROFIT	$263M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$32M
Other Expenses	$49M
Operating Expenses	$81M
Cost & Expenses	$736M
OPERATING INCOME	$177M
Interest Income	$396.4K
Interest Expense	$44M
Other Income/Expenses	-$53M
INCOME BEFORE TAX	$133M
Income Tax Expense	-$4M
NET INCOME	$137M
D&A	$49M
EBIT	$166M
EBITDA	$219M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$137M
Depreciation & Amortization	$49M
Stock-Based Compensation	$328.4K
Deferred Income Tax	$4M
Other Non-Cash Items	-$4M
Change in Working Capital	$708.0K
OPERATING CASH FLOW	$187M
Capital Expenditure	-$145M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$137M
Net Debt Issuance	$133M
Common Stock Repurchased	-$171M
Common Dividends Paid	-$186M
Other Financing Activities	$183M
NET CASH FROM FINANCING	$3M
FREE CASH FLOW	$41M
Net Change in Cash	$52M

Balance Sheet

Item	Amount
Cash & Equivalents	$92M
Short-Term Investments	$0
Net Receivables	$77M
Inventory	$19M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$188M
PP&E (Net)	$1.6B
Goodwill	$210M
Intangible Assets	$65M
Long-Term Investments	$140M
Tax Assets	$0
Other Non-Current Assets	-$140M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$2.1B
Account Payables	$72M
Short-Term Debt	$6M
Deferred Revenue	$0
Other Current Liabilities	$149.9K
TOTAL CURRENT LIABILITIES	$94M
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$67M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.2B
Common Stock	$1.3B
Additional Paid-In Capital	$0
Retained Earnings	-$436M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$863M
Minority Interest	$0
TOTAL EQUITY	$863M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$1.0B
Net Debt	$936M