TRP FY 2007 Earnings Report — TC Energy Corporation Revenue & Financial Results | Market Cap Arena

TC Energy CorporationTRP

FY 2007 Earnings

Reported February 26, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$6.5B	—	$5.5B	—	17.4%
Op. Income	$1.9B	—	$2.1B	—	-9.1%
Gross Margin	43.1%	—	53.0%	—	-9.9pp
Net Margin	13.9%	—	14.3%	—	-0.5pp
EPS (Diluted)	$1.68	—	$1.61	—	4.5%
Free Cash Flow	$867M	—	$368M	—	135.6%

Revenue Flow

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$3.7B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$861M
Operating Expenses	$861M
Cost & Expenses	$4.5B
OPERATING INCOME	$1.9B
Interest Income	$123M
Interest Expense	$744M
Other Income/Expenses	-$621M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$358M
Net Income from Continuing Ops	$965M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$894M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$894M
D&A	$862M
EBIT	$2.1B
EBITDA	$2.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$3.7B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$861M
Operating Expenses	$861M
Cost & Expenses	$4.5B
OPERATING INCOME	$1.9B
Interest Income	$123M
Interest Expense	$744M
Other Income/Expenses	-$621M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$358M
Net Income from Continuing Ops	$965M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$894M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$894M
D&A	$862M
EBIT	$2.1B
EBITDA	$2.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$894M
Depreciation & Amortization	$862M
Stock-Based Compensation	$0
Deferred Income Tax	$42M
Other Non-Cash Items	$118M
Change in Working Capital	$157M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$1.2B
Acquisitions (Net)	-$3.1B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$244M
NET CASH FROM INVESTING	-$4.5B
Net Debt Issuance	$1.9B
Common Stock Repurchased	-$356M
Common Dividends Paid	-$463M
Other Financing Activities	$0
NET CASH FROM FINANCING	$2.6B
FREE CASH FLOW	$867M
Net Change in Cash	$77M

Balance Sheet

Item	Amount
Cash & Equivalents	$368M
Short-Term Investments	$346.6K
Net Receivables	$816M
Inventory	$363M
Other Current Assets	$137M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$17.1B
Goodwill	$1.9B
Intangible Assets	$518M
Long-Term Investments	$46M
Tax Assets	-$46M
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$20.5B
TOTAL ASSETS	$22.2B
Account Payables	$1.3B
Short-Term Debt	$736M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$10.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$862M
Other Non-Current Liabilities	-$208.7K
TOTAL NON-CURRENT LIABILITIES	$11.3B
TOTAL LIABILITIES	$14.6B
Common Stock	$0
Additional Paid-In Capital	$5.1B
Retained Earnings	$2.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$273M
Other Equity	$1.5B
TOTAL STOCKHOLDERS' EQUITY	$8.7B
Minority Interest	$446M
TOTAL EQUITY	$9.1B
TOTAL LIABILITIES & EQUITY	$22.2B
Total Debt	$11.1B
Net Debt	$10.8B