PBA FY 2021 Earnings Report — Pembina Pipeline Corporation Revenue & Financial Results | Market Cap Arena

Pembina Pipeline CorporationPBA

FY 2021 Earnings

Reported December 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$6.3B	—	$4.4B	—	44.9%
Op. Income	$1.5B	—	$3M	—	52775.0%
Gross Margin	30.7%	—	33.7%	—	-3.0pp
Net Margin	14.4%	—	-5.3%	—	19.7pp
EPS (Diluted)	$1.45	—	$-0.42	—	449.1%
Free Cash Flow	$1.5B	—	$894M	—	62.9%

Revenue Flow

Item	Amount
REVENUE	$6.3B
Cost of Revenue	$4.4B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$224M
SG&A Expenses	$224M
Other Expenses	$165M
Operating Expenses	$389M
Cost & Expenses	$4.8B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$322M
Other Income/Expenses	-$329M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$309M
NET INCOME	$908M
D&A	$528M
EBIT	$1.5B
EBITDA	$2.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.3B
Cost of Revenue	$4.4B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$224M
SG&A Expenses	$224M
Other Expenses	$165M
Operating Expenses	$389M
Cost & Expenses	$4.8B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$322M
Other Income/Expenses	-$329M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$309M
NET INCOME	$908M
D&A	$528M
EBIT	$1.5B
EBITDA	$2.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$908M
Depreciation & Amortization	$528M
Stock-Based Compensation	$73M
Deferred Income Tax	$309M
Other Non-Cash Items	$191M
Change in Working Capital	-$73M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$481M
Acquisitions (Net)	-$275M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$759M
Net Debt Issuance	$202M
Common Stock Repurchased	-$12M
Common Dividends Paid	-$1.0B
Other Financing Activities	$12M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$1.5B
Net Change in Cash	-$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$31M
Short-Term Investments	$0
Net Receivables	$570M
Inventory	$275M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$910M
PP&E (Net)	$13.7B
Goodwill	$3.4B
Intangible Assets	$1.1B
Long-Term Investments	$3.4B
Tax Assets	$188M
Other Non-Current Assets	$234M
TOTAL NON-CURRENT ASSETS	$22.1B
TOTAL ASSETS	$23.0B
Account Payables	$457M
Short-Term Debt	$731M
Deferred Revenue	$52M
Other Current Liabilities	$423M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$7.5B
Deferred Revenue NC	$161M
Deferred Tax Liabilities	$2.2B
Other Non-Current Liabilities	$437M
TOTAL NON-CURRENT LIABILITIES	$10.7B
TOTAL LIABILITIES	$12.5B
Common Stock	$11.5B
Additional Paid-In Capital	$0
Retained Earnings	-$2.9B
Treasury Stock	$0
Accum. Other Comp. Income	$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.5B
Minority Interest	$44M
TOTAL EQUITY	$10.5B
TOTAL LIABILITIES & EQUITY	$23.0B
Total Debt	$8.7B
Net Debt	$8.7B