TransCanada PipeLines Limited 6 (TCPA) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q3'21 | Q2'21 | Q1'21 | Q3'20 | Q2'20 | Q1'20 | Q4'19 | Q3'19 | Q2'19 | Q1'19 | Q4'18 | Q3'18 | Q2'18 | Q1'18 | Q4'17 | Q3'17 | Q2'17 | Q1'17 | Q4'16 | Q3'16 |
|---|
| Cash from Operations | 1.35B | 1.38B | 1.33B | 1.33B | 1.18B | 1.21B | 1.41B | 1.2B | 1.37B | 1.55B | 1.55B | 1B | 1.37B | 1.19B | 1.15B | 932.32M | 1.03B | 1.23B | 1.17B | 953.4M |
| Operating CF Margin % | 52.81% | 55.34% | 50.45% | 57.04% | 52.22% | 51.94% | 56.92% | 51.6% | 55.22% | 59.56% | 57.41% | 41.58% | 58.58% | 44.69% | 42.39% | 36.08% | 40.09% | 46.84% | 44.02% | 33.47% |
| Operating CF Growth % | 1.09% | 16.67% | 9.5% | 11.5% | -13.45% | -21.84% | -9.2% | 19.12% | -0.28% | 30.25% | 34.84% | 7.79% | 32.89% | -3.54% | -1.64% | -2.21% | - | - | - | - |
| Net Income | 638.44M | 818.86M | -810.76M | 705.97M | 969.9M | 835.35M | 886.06M | 589.12M | 892.29M | 782.21M | 872.02M | 749.65M | 627.92M | 600.35M | 750.23M | 508.54M | 699.93M | 503.88M | -249.06M | -89.79M |
| Depreciation & Amortization | 480.8M | 511.18M | 513.19M | 503.84M | 466.23M | 442.62M | 481.97M | 460.73M | 475.22M | 455.11M | 498.61M | 436.33M | 433.31M | 414.97M | 411.83M | 404.59M | 397.32M | 387.66M | 383.28M | 400.99M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -13.4M | 71.87M | -516.37M | 67.38M | -32.31M | -179.15M | 40.1M | -134.44M | 80.35M | 56.89M | -62.97M | 69.63M | 48.65M | 55.07M | -700.75M | 142.33M | 256.41M | 96.73M | 161.81M | -213.81M |
| Other Non-Cash Items | 64.63M | 1.62M | 2.32B | -32.19M | -266.52M | 372.36M | 27.76M | 175.98M | -115.55M | 148.21M | 223.31M | -30.95M | -12.16M | 279.23M | 728.68M | -56.77M | -336.49M | 364.41M | 706.91M | 900.89M |
| Working Capital Changes | 178.92M | -21.8M | -184.59M | 89.84M | 46.99M | -260.65M | -27.76M | 105.74M | 35.97M | 106.29M | 19.77M | -219.71M | 274.43M | -160.56M | -39.91M | -66.37M | 15.4M | -119.97M | 166.29M | -44.89M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -1.87B | -1.93B | -1.74B | -1.58B | 908.96M | -1.7B | -2.22B | -302.87M | -1.09B | -1.76B | -2B | -2.18B | -1.99B | -1.54B | -1.17B | -1.9B | 1.28B | -1.41B | -1.4B | -1.05B |
| Capital Expenditures | -1.14B | -980.38M | -1.31B | -1.54B | -1.46B | -1.49B | -1.7B | -1.51B | -1.37B | -1.64B | -2.34B | -1.98B | -1.83B | -1.35B | -1.61B | -1.65B | -1.42B | -1.2B | -1.36B | -1.15B |
| CapEx % of Revenue | 44.6% | 39.26% | 49.82% | 65.99% | 64.42% | 63.85% | 68.77% | 65.17% | 55.22% | 62.92% | 86.77% | 82.01% | 78.32% | 50.67% | 59.16% | 63.99% | 55.25% | 45.64% | 51.12% | 40.22% |
| Acquisitions | 0 | -511.18M | 0 | 392.29M | 2.54B | 0 | 0 | 0 | 0 | 0 | 449.55M | 0 | 0 | 0 | 427.79M | 0 | 3.19B | 0 | 0 | -9.59B |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -52.02M | -79.14M | -243.47M | -102.56M | -53.6M | -104.68M | -399.46M | 1.31B | 410.18M | -19.46M | 70.29M | -12.38M | -12.16M | 85.32M | 441.36M | 132.73M | -130.13M | -62.99M | 103.65M | 30.44M |
| Cash from Financing | 469.77M | 1.07B | 1.02B | -357.85M | -1.95B | 798.82M | 112.59M | 290.03M | -427.01M | 539.69M | -26.36M | 816.96M | 823.29M | 466.94M | -253M | 928.32M | -1.82B | 80.23M | -690.5M | 492.3M |
| Debt Issued (Net) | 1.57B | 1.67B | 1.78B | 279.24M | -1.22B | 1.3B | 525.16M | 641.99M | -65.05M | 874.28M | -410.02M | 939.97M | 840.02M | 526.67M | -59.06M | 1.23B | -1.54B | 1.2B | -3.76B | 822.52M |
| Equity Issued (Net) | 3.15M | 21M | 27.05M | 2.25M | 1.47M | 56.91M | 8.48M | 62.69M | 69.64M | 50.9M | 341.19M | 273.87M | 338.29M | 301.73M | -382.3M | 281.45M | 164.78M | -763.32M | 1.63B | 0 |
| Dividends Paid | -696.77M | -718.73M | -636.51M | -598.91M | -588.84M | -523.41M | -380.95M | -376.89M | -387.22M | -343.58M | 43.93M | -352.78M | -318.52M | -307.93M | 63.05M | -434.97M | -416.57M | -365.91M | -337.8M | -302.07M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -903.54M | 0 | 0 |
| Other Financing | -405.13M | 92.06M | -153.56M | -40.43M | -138.03M | -38.64M | -40.1M | -37.76M | -44.38M | -41.92M | -1.46M | -44.1M | -36.49M | -53.52M | 125.3M | -147.92M | -32.34M | 9M | 1.77B | -28.15M |
| Net Change in Cash | -80.34M | 536.47M | 903.38M | -590M | 154.53M | 252.09M | -622.87M | 1.19B | -143.06M | 285.9M | -423.06M | -302.52M | 227.55M | -83.31M | -157.66M | -9.91M | 482.13M | -320.88M | -721M | 1.68B |
| Free Cash Flow | 209.66M | 401.36M | 16.71M | -209.62M | -276.8M | -191.8M | -183.54M | -175.98M | 166.06M | 35.18M | -604.77M | -878.85M | -404.42M | -131.08M | -446.15M | -691.64M | -347.27M | 62.99M | -131.99M | -145.33M |
| FCF Margin % | 8.2% | 16.07% | 0.64% | -8.96% | -12.2% | -8.23% | -7.42% | -7.58% | 6.7% | 1.35% | -22.39% | -36.36% | -17.27% | -4.93% | -16.45% | -26.76% | -13.48% | 2.39% | -4.97% | -5.1% |
| FCF Growth % | 200.02% | 245% | 108.71% | -19.11% | -266.69% | -645.18% | 69.65% | 79.98% | 141.06% | 126.84% | -35.55% | -27.07% | -16.46% | -308.12% | -238.03% | -375.91% | - | - | - | - |
| FCF per Share | 0.21 | 0.41 | 0.02 | -0.22 | -0.29 | -0.20 | -0.20 | -0.19 | 0.18 | 0.04 | - | -0.97 | -0.45 | -0.15 | - | - | - | - | - | - |
| FCF Conversion (FCF/Net Income) | 2.11x | 1.69x | -1.63x | 1.89x | 1.22x | 1.45x | 1.59x | 2.03x | 1.53x | 1.98x | 1.78x | 1.34x | 2.19x | 1.98x | 1.53x | 1.83x | 1.48x | 2.45x | -4.69x | -10.62x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |