TRP Q2 2018 Earnings Report — TC Energy Corporation Revenue & Financial Results | Market Cap Arena

TC Energy CorporationTRP

Q2 2018 Earnings

Reported July 11, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$2.3B	—	—	—	—
Op. Income	$970M	—	—	—	—
Gross Margin	46.3%	—	—	—	—
Net Margin	25.9%	—	—	—	—
EPS (Diluted)	$0.64	—	—	—	—
Free Cash Flow	-$444M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$111M
Operating Expenses	$111M
Cost & Expenses	$1.4B
OPERATING INCOME	$970M
Interest Income	$0
Interest Expense	$325M
Other Income/Expenses	-$199M
INCOME BEFORE TAX	$771M
Income Tax Expense	$112M
Net Income from Continuing Ops	$659M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$604M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$574M
D&A	$417M
EBIT	$1.1B
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$111M
Operating Expenses	$111M
Cost & Expenses	$1.4B
OPERATING INCOME	$970M
Interest Income	$0
Interest Expense	$325M
Other Income/Expenses	-$199M
INCOME BEFORE TAX	$771M
Income Tax Expense	$112M
Net Income from Continuing Ops	$659M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$604M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$574M
D&A	$417M
EBIT	$1.1B
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$604M
Depreciation & Amortization	$417M
Stock-Based Compensation	$0
Deferred Income Tax	$47M
Other Non-Cash Items	-$12M
Change in Working Capital	$264M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$1.8B
Acquisitions (Net)	-$134M
Purchases of Investments	-$134M
Sales/Maturities of Investments	$0
Other Investing Activities	$123M
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	$808M
Common Stock Repurchased	$0
Common Dividends Paid	-$278M
Other Financing Activities	-$35M
NET CASH FROM FINANCING	$791M
FREE CASH FLOW	-$444M
Net Change in Cash	$221M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$172M
Net Receivables	$1.7B
Inventory	$295M
Other Current Assets	$984M
TOTAL CURRENT ASSETS	$4.0B
PP&E (Net)	$44.9B
Goodwill	$10.0B
Intangible Assets	$1.3B
Long-Term Investments	$4.8B
Tax Assets	$0
Other Non-Current Assets	$2.6B
TOTAL NON-CURRENT ASSETS	$63.7B
TOTAL ASSETS	$67.7B
Account Payables	$2.2B
Short-Term Debt	$3.8B
Deferred Revenue	$0
Other Current Liabilities	$752M
TOTAL CURRENT LIABILITIES	$7.6B
Long-Term Debt	$30.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8.0B
TOTAL NON-CURRENT LIABILITIES	$38.6B
TOTAL LIABILITIES	$46.2B
Common Stock	$16.4B
Additional Paid-In Capital	$9M
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$829M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$19.9B
Minority Interest	$1.5B
TOTAL EQUITY	$21.4B
TOTAL LIABILITIES & EQUITY	$67.7B
Total Debt	$34.4B
Net Debt	$33.2B