PBA FY 2011 Earnings Report — Pembina Pipeline Corporation Revenue & Financial Results | Market Cap Arena

Pembina Pipeline CorporationPBA

FY 2011 Earnings

Reported December 30, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.2B	—	$918M	—	33.6%
Op. Income	$206M	—	$177M	—	16.2%
Gross Margin	20.6%	—	28.7%	—	-8.1pp
Net Margin	9.9%	—	14.9%	—	-5.0pp
EPS (Diluted)	$0.72	—	$0.78	—	-7.5%
Free Cash Flow	-$141M	—	$41M	—	-441.5%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$974M
GROSS PROFIT	$252M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$44M
Other Expenses	$3M
Operating Expenses	$47M
Cost & Expenses	$1.0B
OPERATING INCOME	$206M
Interest Income	$4M
Interest Expense	$64M
Other Income/Expenses	-$60M
INCOME BEFORE TAX	$145M
Income Tax Expense	$28M
NET INCOME	$121M
D&A	$51M
EBIT	$201M
EBITDA	$259M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$974M
GROSS PROFIT	$252M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$44M
Other Expenses	$3M
Operating Expenses	$47M
Cost & Expenses	$1.0B
OPERATING INCOME	$206M
Interest Income	$4M
Interest Expense	$64M
Other Income/Expenses	-$60M
INCOME BEFORE TAX	$145M
Income Tax Expense	$28M
NET INCOME	$121M
D&A	$51M
EBIT	$201M
EBITDA	$259M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$121M
Depreciation & Amortization	$51M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$51M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$210M
Capital Expenditure	-$351M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$602.7K
NET CASH FROM INVESTING	-$350M
Net Debt Issuance	$229M
Common Stock Repurchased	-$175M
Common Dividends Paid	-$191M
Other Financing Activities	$186M
NET CASH FROM FINANCING	$48M
FREE CASH FLOW	-$141M
Net Change in Cash	-$92M

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$107M
Inventory	$17M
Other Current Assets	$1M
TOTAL CURRENT ASSETS	$129M
PP&E (Net)	$2.0B
Goodwill	$163M
Intangible Assets	$16M
Long-Term Investments	$118M
Tax Assets	$1M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.4B
Account Payables	$103M
Short-Term Debt	$237M
Deferred Revenue	$16M
Other Current Liabilities	$19M
TOTAL CURRENT LIABILITIES	$379M
Long-Term Debt	$952M
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$78M
Other Non-Current Liabilities	$329M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$1.7B
Common Stock	$1.3B
Additional Paid-In Capital	$1.3B
Retained Earnings	-$611M
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	-$1.3B
TOTAL STOCKHOLDERS' EQUITY	$703M
Minority Interest	$0
TOTAL EQUITY	$703M
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$1.2B
Net Debt	$1.2B