| Cash Flow for TC PipeLines LP Common Units Ltd. (TCLP) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 89,000 | 44,700 | 50,200 | 55,100 | 48,000 | | Depreciation & Amortization | 6,300 | 200 | - | - | - | | Deferred Income Taxes | - | - | - | - | - | | Operating Losses | - | - | - | - | 1,600 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | - | - | - | - | - | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | - | - | - | - | - | | Increase in Other Current Liabilities | - | - | - | 100 | - | | Decrease in Other Working Capital | 2,900 | 300 | (100) | - | - | | Other Non-Cash Items | - | - | - | - | - | | Net Cash from Continuing Operations | 98,600 | 46,100 | 50,100 | 55,200 | 49,600 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 98,600 | 46,100 | 50,100 | 55,200 | 49,600 | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (14,400) | - | - | - | - | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | 26,300 | 15,700 | (49,400) | (3,100) | | Cash from Investing Activities | (721,400) | (382,000) | 15,700 | (49,400) | (3,100) | | | Issuance of Debt | 171,500 | 707,000 | - | 37,000 | - | | Issuance of Capital Stock | 607,000 | - | - | - | - | | | Repayment of Debt | (66,200) | (325,900) | (23,000) | (6,000) | (6,000) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | (86,700) | (43,500) | (43,000) | (41,800) | (39,400) | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | 625,600 | 337,600 | (66,000) | (10,800) | (45,400) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 2,800 | 1,700 | (200) | (5,000) | 1,100 | | | Cash at Beginning of Year | 4,000 | 2,300 | 2,500 | 7,500 | 6,400 | | Cash at End of Period | 6,800 | 4,000 | 2,300 | 2,500 | 7,500 | | | |
