|
Income Statement for
TC PIPELINES LP
(TCLP)
|
|
|
|
|
|
|
| Income
[+]
|
in Thousands of Dollars |
|
|
| Operating Revenue |
65,000 |
70,400 |
69,100 |
67,900 |
64,500 |
| Total Revenue |
194,000 |
223,900 |
195,100 |
167,300 |
187,100 |
| Adjustments to Revenue |
N/A |
- |
- |
- |
- |
| Cost of Revenue |
5,000 |
12,600 |
12,500 |
10,600 |
11,000 |
| Cost of Sales With Depreciation |
17,000 |
14,600 |
13,000 |
11,000 |
11,500 |
| Gross Margin |
48,000 |
57,800 |
56,600 |
57,300 |
53,500 |
| Gross Operating Profit |
48,000 |
57,800 |
56,600 |
57,300 |
53,500 |
|
| Selling/General/Admin Expense |
(6,000) |
(8,700) |
(4,400) |
(6,200) |
(4,100) |
| Research & Development |
- |
- |
- |
- |
- |
| Advertising |
- |
- |
- |
- |
- |
| EBITDA (Operating Income Before Depreciation) |
171,000 |
49,100 |
52,200 |
51,100 |
49,400 |
| Depreciation & Amortization |
(12,000) |
(17,200) |
(15,500) |
(15,100) |
(14,400) |
| Depreciation, Unreconciled |
11,000 |
15,200 |
15,000 |
14,700 |
13,900 |
| Amortization |
- |
- |
- |
- |
- |
| Amortization of Intangibles |
- |
- |
- |
- |
- |
| Operating Income |
159,000 |
31,900 |
36,700 |
36,000 |
35,000 |
| Operating Profit After Depreciation |
159,000 |
31,900 |
36,700 |
36,000 |
35,000 |
| Interest Income |
- |
1,500 |
- |
400 |
800 |
| Earnings from Equity Interest |
- |
153,500 |
126,000 |
99,400 |
- |
| Other Income, Net |
- |
(15,600) |
(17,200) |
(15,500) |
115,200 |
| Income, Acquired in Process R&D |
- |
- |
- |
- |
- |
| Income, Restructuring and M&A |
- |
- |
- |
- |
- |
| Other Special Charges |
- |
- |
- |
- |
- |
| Total Income Before Interest Expense (EBIT) |
160,000 |
171,300 |
145,500 |
120,300 |
151,000 |
| Interest Expense |
(23,000) |
(13,900) |
(8,400) |
(14,200) |
(28,000) |
| Income Before Tax |
137,000 |
157,400 |
137,100 |
106,100 |
123,000 |
| Income Taxes |
- |
- |
- |
- |
- |
| Minority Interest |
- |
- |
- |
- |
- |
| Preferred Securities of Subsidiary Trust |
- |
- |
- |
- |
- |
| Other Special Charges |
137,000 |
- |
- |
- |
- |
| Net Income from Continuing Operations |
137,000 |
157,400 |
137,100 |
106,100 |
123,000 |
| Net Income from Discontinued Operations |
- |
- |
- |
- |
- |
| Net Income from Total Operations |
137,000 |
157,400 |
137,100 |
106,100 |
123,000 |
|
| Normalized Income |
137,000 |
157,400 |
137,100 |
106,100 |
123,000 |
| Extraordinary Income/Loss |
- |
- |
- |
- |
- |
| Special Income/Charges |
- |
- |
- |
- |
- |
| Income from Cum. Effect of Acct Change |
- |
- |
- |
- |
- |
| Income from Tax Loss Carryforward |
- |
- |
- |
- |
- |
| Net Income Available for Common |
137,000 |
157,400 |
137,100 |
106,100 |
123,000 |
| Other Gains |
137,000 |
- |
- |
- |
- |
| Total Net Income |
274,000 |
157,400 |
137,100 |
106,100 |
123,000 |
| Net Income Available for Common |
137,000 |
157,400 |
137,100 |
106,100 |
123,000 |
|
| Results
[+]
|
in Dollars (Preferred Dividends in Thousands) |
|
|
| Dividends Paid Per Share |
3.10 |
3.04 |
2.94 |
2.87 |
2.78 |
| Preferred Dividends |
- |
- |
- |
- |
- |
| Basic EPS from Continuing Operations |
2.51 |
3.02 |
2.91 |
2.34 |
2.73 |
| Basic EPS from Discontinued Operations |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Extraordinary Income Gains/Losses |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Cumulative Effect of Accounting Change |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Tax Loss Carryforward |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Other Gains/Losses |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Total Net Income |
2.51 |
3.02 |
2.91 |
2.34 |
2.73 |
| Basic Normalized Net Income per Share |
2.51 |
3.02 |
2.91 |
2.34 |
2.73 |
| Basic EPS from Total Operations |
2.51 |
3.02 |
2.91 |
2.34 |
2.73 |
|
| Diluted EPS from Continuing Operations |
2.51 |
3.02 |
2.91 |
2.34 |
2.73 |
| Diluted EPS from Discontinued Operations |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Extraordinary Gains/Losses |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Cumulative Effect of Accounting Change |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Tax Loss Carryforward |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Other Gains/Losses |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Total Net Income |
2.51 |
3.02 |
2.91 |
2.34 |
2.73 |
| Diluted Normalized Net Income per Share |
2.51 |
3.02 |
2.91 |
2.34 |
2.73 |
| Excise Tax |
- |
- |
- |
- |
- |
| Diluted EPS from Total Operations |
2.51 |
3.02 |
2.91 |
2.34 |
2.73 |
|
|
|
