PBA FY 2016 Earnings Report — Pembina Pipeline Corporation Revenue & Financial Results | Market Cap Arena

Pembina Pipeline CorporationPBA

FY 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$3.1B	—	$3.4B	—	-8.0%
Op. Income	$590M	—	$501M	—	17.8%
Gross Margin	23.5%	—	18.7%	—	4.8pp
Net Margin	10.9%	—	8.8%	—	2.2pp
EPS (Diluted)	$0.74	—	$0.75	—	-1.0%
Free Cash Flow	-$489M	—	-$739M	—	33.9%

Revenue Flow

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$2.4B
GROSS PROFIT	$732M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$143M
SG&A Expenses	$143M
Other Expenses	$0
Operating Expenses	$142M
Cost & Expenses	$2.5B
OPERATING INCOME	$590M
Interest Income	$0
Interest Expense	$82M
Other Income/Expenses	-$112M
INCOME BEFORE TAX	$478M
Income Tax Expense	$138M
NET INCOME	$341M
D&A	$222M
EBIT	$561M
EBITDA	$813M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$2.4B
GROSS PROFIT	$732M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$143M
SG&A Expenses	$143M
Other Expenses	$0
Operating Expenses	$142M
Cost & Expenses	$2.5B
OPERATING INCOME	$590M
Interest Income	$0
Interest Expense	$82M
Other Income/Expenses	-$112M
INCOME BEFORE TAX	$478M
Income Tax Expense	$138M
NET INCOME	$341M
D&A	$222M
EBIT	$561M
EBITDA	$813M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$341M
Depreciation & Amortization	$214M
Stock-Based Compensation	$34M
Deferred Income Tax	$138M
Other Non-Cash Items	$87M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$788M
Capital Expenditure	-$1.3B
Acquisitions (Net)	-$415M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$20M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$598M
Common Stock Repurchased	$0
Common Dividends Paid	-$257M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	$889M
FREE CASH FLOW	-$489M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$0
Net Receivables	$318M
Inventory	$132M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$494M
PP&E (Net)	$8.3B
Goodwill	$1.5B
Intangible Assets	$539M
Long-Term Investments	$98M
Tax Assets	$23M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$10.5B
TOTAL ASSETS	$11.0B
Account Payables	$347M
Short-Term Debt	$4M
Deferred Revenue	$175M
Other Current Liabilities	$222M
TOTAL CURRENT LIABILITIES	$574M
Long-Term Debt	$3.0B
Deferred Revenue NC	$63M
Deferred Tax Liabilities	$813M
Other Non-Current Liabilities	$434M
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$4.9B
Common Stock	$6.4B
Additional Paid-In Capital	$0
Retained Earnings	-$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.1B
Minority Interest	$0
TOTAL EQUITY	$6.1B
TOTAL LIABILITIES & EQUITY	$11.0B
Total Debt	$3.0B
Net Debt	$3.0B