TransCanada PipeLines Limited 6 (TCPA) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 2.56B | 2.5B | 2.63B | 2.34B | 2.27B | 2.33B | 2.47B | 2.32B | 2.48B | 2.6B | 2.7B | 2.42B | 2.34B | 2.66B | 2.71B | 2.58B | 2.58B | 2.63B | 2.66B | 2.85B |
| Revenue Growth % | 9.19% | 10.1% | 12.74% | 0.86% | -8.47% | -10.38% | -8.41% | -4% | 5.8% | -2.26% | -0.44% | -6.48% | -9.07% | 1.09% | 2.13% | -9.29% | - | - | - | - |
| Cost of Goods Sold | 1.4B | 1.29B | 1.22B | 1.23B | 1.15B | 1.09B | 1.33B | 1.2B | 1.26B | 1.34B | 1.42B | 1.37B | 1.3B | 1.56B | 1.7B | 1.64B | 1.61B | 1.55B | 1.65B | 1.89B |
| COGS % of Revenue | 54.6% | 51.49% | 46.37% | 52.75% | 50.76% | 46.73% | 53.58% | 51.82% | 50.71% | 51.5% | 52.62% | 56.53% | 55.7% | 58.48% | 62.69% | 63.61% | 62.48% | 58.86% | 62.02% | 66.43% |
| Gross Profit | 1.16B | 1.21B | 1.41B | 1.11B | 1.12B | 1.24B | 1.15B | 1.12B | 1.22B | 1.26B | 1.28B | 1.05B | 1.04B | 1.1B | 1.01B | 940.31M | 966.35M | 1.08B | 1.01B | 956.44M |
| Gross Margin % | 45.4% | 48.51% | 53.63% | 47.25% | 49.24% | 53.27% | 46.42% | 48.18% | 49.29% | 48.5% | 47.38% | 43.47% | 44.3% | 41.52% | 37.31% | 36.39% | 37.52% | 41.14% | 37.98% | 33.57% |
| Gross Profit Growth % | 4.93% | 8.47% | 13.5% | -1.08% | -8.57% | -1.57% | -10.28% | 6.4% | 17.7% | 14.19% | 26.46% | 11.73% | 7.38% | 2.01% | 0.31% | -1.69% | - | - | - | - |
| Operating Expenses | 150.55M | 158.28M | 155.95M | 130.26M | 146.11M | 123.65M | 139.58M | 134.44M | 138.51M | 139.98M | 102.5M | 98.25M | 115.55M | 116.35M | 101.36M | 101.55M | 117.81M | 121.47M | 111.85M | 103.48M |
| OpEx % of Revenue | 5.89% | 6.34% | 5.94% | 5.57% | 6.44% | 5.31% | 5.64% | 5.79% | 5.59% | 5.38% | 3.8% | 4.07% | 4.93% | 4.37% | 3.74% | 3.93% | 4.57% | 4.62% | 4.21% | 3.63% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 1.01B | 1.05B | 1.25B | 975.48M | 970.63M | 1.12B | 1.01B | 983.38M | 1.08B | 1.12B | 1.18B | 952.34M | 922.12M | 988.18M | 910.65M | 838.76M | 848.54M | 961.27M | 897.06M | 852.96M |
| Operating Margin % | 39.51% | 42.17% | 47.7% | 41.68% | 42.8% | 47.97% | 40.77% | 42.38% | 43.7% | 43.12% | 43.59% | 39.4% | 39.37% | 37.14% | 33.57% | 32.46% | 32.94% | 36.52% | 33.77% | 29.94% |
| Operating Income Growth % | 3.51% | 8.49% | 12.11% | -0.8% | -10.36% | -0.31% | -14.33% | 3.26% | 17.43% | 13.47% | 29.28% | 13.54% | 8.67% | 2.8% | 1.52% | -1.66% | - | - | - | - |
| EBITDA | 1.49B | 1.56B | 1.77B | 1.48B | 1.44B | 1.56B | 1.49B | 1.44B | 1.56B | 1.58B | 1.68B | 1.39B | 1.36B | 1.4B | 1.32B | 1.24B | 1.25B | 1.35B | 1.28B | 1.25B |
| EBITDA Margin % | 58.33% | 62.65% | 67.23% | 63.21% | 63.35% | 66.96% | 60.26% | 62.24% | 62.88% | 60.62% | 62.05% | 57.46% | 57.87% | 52.74% | 48.75% | 48.11% | 48.37% | 51.25% | 48.2% | 44.02% |
| EBITDA Growth % | 0.75% | 8.87% | 13.2% | 2.44% | -7.78% | -1.02% | -11.06% | 3.99% | 14.95% | 12.35% | 26.73% | 11.69% | 8.79% | 4.02% | 3.29% | -0.84% | - | - | - | - |
| D&A (Non-Cash Add-back) | 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 |
| EBIT | 1.03B | 1.29B | -950.79M | 1.15B | 1.31B | 784.77M | 1.44B | 1.01B | 1.53B | 1.45B | 831.75M | 1.21B | 1.23B | 1.19B | 276.95M | 988.29M | 1.3B | 976.27M | 414.6M | 159.79M |
| Net Interest Income | -419.32M | -343.21M | -288.02M | -378.81M | -372.25M | -362.53M | -358.59M | -387.46M | -418.6M | -392.98M | -344.12M | -400.74M | -381.62M | -369.21M | -329.62M | -396.59M | -371.91M | -385.41M | -410.87M | -398.71M |
| Interest Income | 71.73M | 127.59M | 73.2M | 23.96M | 5.14M | 33.72M | 289.18M | 37.01M | 5.36M | 21.71M | 37.34M | 37.13M | 41.81M | 48.87M | 39.11M | 24.79M | 40.81M | 3M | 745.68K | 13.7M |
| Interest Expense | 491.05M | 470.81M | 361.22M | 402.77M | 377.39M | 396.25M | 647.77M | 424.47M | 423.95M | 414.69M | 381.46M | 437.88M | 423.43M | 418.08M | 368.73M | 421.38M | 412.72M | 388.41M | 411.62M | 412.4M |
| Other Income/Expense | -258.53M | -110.64M | -2.36B | -75.61M | 83.7M | -330.21M | -43.18M | -142.75M | 19.13M | -86.83M | -564.5M | -64.21M | -120.11M | -221.06M | -806.1M | -147.12M | 192.5M | -242.94M | -894.08M | -1.11B |
| Pretax Income | 751.15M | 942.42M | -1.11B | 899.87M | 1.05B | 787.58M | 965.49M | 840.63M | 1.1B | 1.03B | 612.83M | 888.13M | 802.01M | 767.12M | 104.55M | 691.64M | 1.04B | 718.33M | 2.98M | -252.62M |
| Pretax Margin % | 29.4% | 37.74% | -42.1% | 38.45% | 46.49% | 33.8% | 39.03% | 36.23% | 44.47% | 39.78% | 22.69% | 36.75% | 34.24% | 28.83% | 3.85% | 26.76% | 40.42% | 27.29% | 0.11% | -8.87% |
| Income Tax | 106.41M | 118.71M | -350.08M | 142.24M | 38.18M | -115.22M | 20.82M | 206.95M | 166.06M | 176.65M | 43.93M | 92.84M | 116.31M | 93.85M | -684.78M | 147.92M | 298.76M | 146.97M | 201.33M | -202.4M |
| Effective Tax Rate % | 14.17% | 12.6% | 31.65% | 15.81% | 3.62% | -14.63% | 2.16% | 24.62% | 15.07% | 17.08% | 7.17% | 10.45% | 14.5% | 12.23% | -654.96% | 21.39% | 28.7% | 20.46% | 6750% | 80.12% |
| 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 |
| Net Margin % | 24.98% | 32.79% | -30.86% | 30.17% | 42.76% | 35.85% | 35.82% | 25.39% | 36.01% | 30.08% | 32.29% | 31.02% | 26.81% | 22.57% | 27.66% | 19.68% | 27.17% | 19.15% | -9.38% | -3.15% |
| Net Income Growth % | -9.57% | -15.57% | -197.06% | 19.83% | 8.7% | 6.79% | 1.61% | -21.41% | 42.1% | 30.29% | 16.23% | 47.41% | -10.29% | 19.15% | 401.23% | 666.39% | - | - | - | - |
| Net Income (Continuing) | 644.75M | 823.71M | -755.86M | 757.63M | 1.02B | 902.8M | 944.67M | 633.69M | 935.91M | 857.82M | 568.9M | 795.3M | 685.7M | 673.26M | 789.34M | 543.72M | 742.28M | 571.36M | -198.35M | -50.22M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 97.74M | 98.52M | 412.94M | 1.83B | 1.53B | 1.27B | 1.26B | 1.24B | 1.24B | 1.24B | 1.21B | 1.57B | 1.56B | 1.54B | 1.48B | 1.45B | 1.44B | 1.37B | 1.29B | 2.05B |
| EPS (Diluted) | 0.63 | 0.81 | -0.88 | 0.72 | 1.00 | 0.86 | 0.91 | 0.60 | 0.93 | 0.82 | 0.00 | 0.79 | 0.67 | 0.64 | 0.00 | 0.00 | 0.00 | 0.59 | 0.00 | -0.11 |
| EPS Growth % | -12.5% | -19% | -202.33% | 20% | 7.53% | 4.88% | - | -24.05% | 38.81% | 28.13% | - | - | - | 8.47% | - | 100% | - | - | - | - |
| EPS (Basic) | 0.63 | 0.81 | -0.88 | 0.72 | 1.00 | 0.86 | 0.91 | 0.60 | 0.93 | 0.82 | 0.00 | 0.79 | 0.67 | 0.64 | 0.00 | 0.00 | 0.00 | 0.59 | 0.00 | -0.11 |
| Diluted Shares Outstanding | 979M | 979M | 953M | 940M | 940M | 940M | 938.44M | 933M | 928M | 922M | 0 | 907M | 896M | 886M | 0 | 0 | 0 | 0 | 0 | 0 |
| Basic Shares Outstanding | 979M | 979M | 953M | 940M | 940M | 939M | 938.4M | 932M | 927M | 921M | 0 | 906M | 896M | 885M | 0 | 867M | 865M | 861M | 0 | 823M |
| Dividend Payout Ratio | 105.19% | 84.02% | - | 80.7% | 57.61% | 59.21% | 39.51% | 58.85% | 39.97% | 40.1% | 18.3% | 42.93% | 46% | 46.25% | 24.89% | 85.53% | 59.52% | 72.62% | - | - |