TC Energy Corporation (TRP) annual results, year to 31 December 2011: revenue CAD 7,839 million, from the 40-F
TC Energy Corporation files a 40-F with the SEC once a year, in Canadian dollars. In the year to 31 December 2011 it reported revenue of CAD 7,839 million ($7.9 billion at the year's average rate), up 14.4% on the year before. Its profit attributable to shareholders was CAD 1,581 million, up 23.7%, and diluted earnings per share CAD 2.17.
this yearthe year beforeIn Canadian dollars as filed. Hover a bar for its figure.
Income statement (profit and loss)
| Year to | Dec 2010 | Dec 2011 |
|---|---|---|
| Revenue | 6,852 | 7,839 |
| Operating profit | 2,387 | 3,167 |
| Profit before tax | 1,780 | 2,285 |
| Income tax | 387 | 575 |
| Profit for the year | 1,393 | 1,710 |
| Profit attributable to shareholders | 1,278 | 1,581 |
| Filing | 40-F | 40-F |
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A line the company does not file under the standard tag is left out rather than estimated.CAD per ordinary share, as filed.
Cash flow
| Year to | Dec 2010 | Dec 2011 |
|---|---|---|
| Purchase of property, plant and equipment | 4,376 | 2,513 |
| Depreciation and amortisation | n/a | 1,328 |
| Dividends paid | 710 | 961 |
| Filing | 40-F | 40-F |
CAD million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet
| Year to | Dec 2010 | Dec 2011 |
|---|---|---|
| Funded by | ||
| Equity attributable to shareholders | 17,514 | 16,794 |
| Non-controlling interests | n/a | 1,465 |
| Other liabilities | n/a | 29,079 |
| Total equity and liabilities | n/a | 47,338 |
| Owned | ||
| Property, plant and equipment | n/a | 32,467 |
| Goodwill | 3,457 | 3,534 |
| Cash and cash equivalents | 660 | 654 |
| Trade and other receivables | n/a | 1,094 |
| Inventories | n/a | 248 |
| Other assets | n/a | 9,341 |
| Total assets | n/a | 47,338 |
| Filing | 40-F | 40-F |
CAD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2010 | Dec 2011 |
|---|---|---|
| Operating margin | 34.8% | 40.4% |
| Net margin | 18.7% | 20.2% |
| Return on year-end equity | 7.3% | 9.4% |
| Effective tax rate | 21.7% | 25.2% |
| Filing | 40-F | 40-F |
Arithmetic on the filed lines of the same year.
The exchange rates used
| Year to | Average over the year CAD per US dollar | At the year end CAD per US dollar |
|---|---|---|
| Dec 2010 | 1.03 | 1.00 |
| Dec 2011 | 0.99 | 1.02 |
| Dec 2012 | 1.00 | 1.00 |
| Dec 2013 | 1.03 | 1.06 |
| Dec 2014 | 1.10 | 1.16 |
| Dec 2015 | 1.28 | 1.38 |
| Dec 2016 | 1.32 | 1.34 |
| Dec 2017 | 1.30 | 1.25 |
| Dec 2018 | 1.30 | 1.36 |
| Dec 2019 | 1.33 | 1.30 |
| Dec 2020 | 1.34 | 1.28 |
| Dec 2021 | 1.25 | 1.28 |
| Dec 2022 | 1.30 | 1.35 |
| Dec 2023 | 1.35 | 1.32 |
| Dec 2024 | 1.37 | 1.44 |
| Dec 2025 | 1.40 | 1.37 |
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Profit and loss, cash flow and EPS use the average of the daily rates over each fiscal year; the balance sheet uses the rate on the year end, or the last one before it. Ratios are the same in either currency. The filed figures are the ones in Canadian dollars.40-F for the year to 31 December 2011, filed 21 February 2014: the filing. The figures are in Canadian dollars as filed.