TRP FY 2006 Earnings Report — TC Energy Corporation Revenue & Financial Results | Market Cap Arena

TC Energy CorporationTRP

FY 2006 Earnings

Reported March 19, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$5.5B	—	—	—	—
Op. Income	$2.1B	—	—	—	—
Gross Margin	53.0%	—	—	—	—
Net Margin	14.3%	—	—	—	—
EPS (Diluted)	$1.61	—	—	—	—
Free Cash Flow	$368M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$774M
Operating Expenses	$774M
Cost & Expenses	$3.4B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$1.0B
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$348M
Net Income from Continuing Ops	$768M
Net Income from Discontinued Ops	$20M
Other Adjustments	$77M
NET INCOME	$788M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$788M
D&A	$774M
EBIT	$2.1B
EBITDA	$2.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$774M
Operating Expenses	$774M
Cost & Expenses	$3.4B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$1.0B
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$348M
Net Income from Continuing Ops	$768M
Net Income from Discontinued Ops	$20M
Other Adjustments	$77M
NET INCOME	$788M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$788M
D&A	$774M
EBIT	$2.1B
EBITDA	$2.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$788M
Depreciation & Amortization	$774M
Stock-Based Compensation	$0
Deferred Income Tax	$128M
Other Non-Cash Items	$48M
Change in Working Capital	-$221M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$1.1B
Acquisitions (Net)	-$343M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$54M
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$635M
Common Stock Repurchased	$0
Common Dividends Paid	-$451M
Other Financing Activities	-$52M
NET CASH FROM FINANCING	$160M
FREE CASH FLOW	$368M
Net Change in Cash	$137M

Balance Sheet

Item	Amount
Cash & Equivalents	$292M
Short-Term Investments	$0
Net Receivables	$734M
Inventory	$286M
Other Current Assets	$217M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$15.7B
Goodwill	$205M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$17.4B
TOTAL ASSETS	$18.9B
Account Payables	$1.1B
Short-Term Debt	$895M
Deferred Revenue	$0
Other Current Liabilities	-$459.7K
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$8.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$640M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$9.4B
TOTAL LIABILITIES	$13.0B
Common Stock	$0
Additional Paid-In Capital	$3.7B
Retained Earnings	$2.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$66M
Other Equity	$1.0B
TOTAL STOCKHOLDERS' EQUITY	$6.6B
Minority Interest	$267M
TOTAL EQUITY	$6.9B
TOTAL LIABILITIES & EQUITY	$18.9B
Total Debt	$9.7B
Net Debt	$9.4B