PBA Q4 2017 Earnings Report — Pembina Pipeline Corporation Revenue & Financial Results | Market Cap Arena

Pembina Pipeline CorporationPBA

Q4 2017 Earnings

Reported December 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2017	Q3 2017	Q4 2016	QoQ Change	YoY Change
Revenue	$1.3B	—	$914M	—	37.2%
Op. Income	$347M	—	$166M	—	109.3%
Gross Margin	32.3%	—	21.6%	—	10.8pp
Net Margin	25.9%	—	10.5%	—	15.5pp
EPS (Diluted)	$0.64	—	$0.24	—	166.7%
Free Cash Flow	$153M	—	-$122M	—	225.1%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$848M
GROSS PROFIT	$406M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$47M
SG&A Expenses	$47M
Other Expenses	-$4M
Operating Expenses	$58M
Cost & Expenses	$907M
OPERATING INCOME	$347M
Interest Income	$0
Interest Expense	$51M
Other Income/Expenses	-$52M
INCOME BEFORE TAX	$295M
Income Tax Expense	-$30M
NET INCOME	$325M
D&A	$87M
EBIT	$346M
EBITDA	$433M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$848M
GROSS PROFIT	$406M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$47M
SG&A Expenses	$47M
Other Expenses	-$4M
Operating Expenses	$58M
Cost & Expenses	$907M
OPERATING INCOME	$347M
Interest Income	$0
Interest Expense	$51M
Other Income/Expenses	-$52M
INCOME BEFORE TAX	$295M
Income Tax Expense	-$30M
NET INCOME	$325M
D&A	$87M
EBIT	$346M
EBITDA	$433M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$325M
Depreciation & Amortization	$87M
Stock-Based Compensation	$15M
Deferred Income Tax	-$30M
Other Non-Cash Items	$15M
Change in Working Capital	-$30M
OPERATING CASH FLOW	$382M
Capital Expenditure	-$229M
Acquisitions (Net)	-$982M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$92M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$1.0B
Common Stock Repurchased	$0
Common Dividends Paid	-$201M
Other Financing Activities	$10M
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	$153M
Net Change in Cash	$212M

Balance Sheet

Item	Amount
Cash & Equivalents	$235M
Short-Term Investments	$0
Net Receivables	$374M
Inventory	$123M
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$747M
PP&E (Net)	$9.9B
Goodwill	$2.8B
Intangible Assets	$616M
Long-Term Investments	$4.6B
Tax Assets	$31M
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$17.9B
TOTAL ASSETS	$18.7B
Account Payables	$340M
Short-Term Debt	$187M
Deferred Revenue	$250M
Other Current Liabilities	$308M
TOTAL CURRENT LIABILITIES	$835M
Long-Term Debt	$5.3B
Deferred Revenue NC	$99M
Deferred Tax Liabilities	$1.7B
Other Non-Current Liabilities	$551M
TOTAL NON-CURRENT LIABILITIES	$7.7B
TOTAL LIABILITIES	$8.6B
Common Stock	$9.8B
Additional Paid-In Capital	$0
Retained Earnings	-$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.1B
Minority Interest	$44M
TOTAL EQUITY	$10.1B
TOTAL LIABILITIES & EQUITY	$18.7B
Total Debt	$5.5B
Net Debt	$5.3B