PBA FY 2023 Earnings Report — Pembina Pipeline Corporation Revenue & Financial Results | Market Cap Arena

Pembina Pipeline CorporationPBA

FY 2023 Earnings

Reported December 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$4.6B	—	$8.5B	—	-45.5%
Op. Income	$1.9B	—	$2.7B	—	-28.3%
Gross Margin	44.9%	—	26.9%	—	18.0pp
Net Margin	28.1%	—	25.6%	—	2.5pp
EPS (Diluted)	$2.19	—	$3.75	—	-41.7%
Free Cash Flow	$1.5B	—	$1.7B	—	-12.7%

Revenue Flow

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$308M
SG&A Expenses	$308M
Other Expenses	-$173M
Operating Expenses	$135M
Cost & Expenses	$2.7B
OPERATING INCOME	$1.9B
Interest Income	$5M
Interest Expense	$343M
Other Income/Expenses	-$341M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$302M
NET INCOME	$1.3B
D&A	$485M
EBIT	$1.9B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$308M
SG&A Expenses	$308M
Other Expenses	-$173M
Operating Expenses	$135M
Cost & Expenses	$2.7B
OPERATING INCOME	$1.9B
Interest Income	$5M
Interest Expense	$343M
Other Income/Expenses	-$341M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$302M
NET INCOME	$1.3B
D&A	$485M
EBIT	$1.9B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$496M
Stock-Based Compensation	$53M
Deferred Income Tax	$302M
Other Non-Cash Items	-$69M
Change in Working Capital	-$153M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$443M
Acquisitions (Net)	-$149M
Purchases of Investments	-$194M
Sales/Maturities of Investments	$45M
Other Investing Activities	$164M
NET CASH FROM INVESTING	-$577M
Net Debt Issuance	-$126M
Common Stock Repurchased	-$37M
Common Dividends Paid	-$1.1B
Other Financing Activities	$730.8K
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$1.5B
Net Change in Cash	$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$100M
Short-Term Investments	$0
Net Receivables	$602M
Inventory	$243M
Other Current Assets	$958M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$11.9B
Goodwill	$3.3B
Intangible Assets	$1.1B
Long-Term Investments	$5.1B
Tax Assets	$208M
Other Non-Current Assets	$239M
TOTAL NON-CURRENT ASSETS	$21.9B
TOTAL ASSETS	$23.8B
Account Payables	$406M
Short-Term Debt	$475M
Deferred Revenue	$24M
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$7.2B
Deferred Revenue NC	$92M
Deferred Tax Liabilities	$1.9B
Other Non-Current Liabilities	$306M
TOTAL NON-CURRENT LIABILITIES	$9.9B
TOTAL LIABILITIES	$12.3B
Common Stock	$11.5B
Additional Paid-In Capital	$0
Retained Earnings	-$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	$162M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.6B
Minority Interest	$0
TOTAL EQUITY	$11.6B
TOTAL LIABILITIES & EQUITY	$23.8B
Total Debt	$8.1B
Net Debt	$8.0B