TC Energy Corporation (TRP) annual results, year to 31 December 2012: revenue CAD 8,007 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 2012 it reported revenue of CAD 8,007 million ($8.0 billion at the year's average rate), up 2.1% on the year before. Its profit attributable to shareholders was CAD 1,354 million, down 14.4%, and diluted earnings per share CAD 1.84.
this yearthe year beforeIn Canadian dollars as filed. Hover a bar for its figure.
Income statement (profit and loss)
| Year to | Dec 2011 | Dec 2012 |
|---|---|---|
| Revenue | 7,839 | 8,007 |
| Operating profit | 3,167 | 2,829 |
| Profit before tax | 2,285 | 1,938 |
| Income tax | 575 | 466 |
| Profit for the year | 1,710 | 1,472 |
| Profit attributable to shareholders | 1,581 | 1,354 |
| 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 2011 | Dec 2012 |
|---|---|---|
| Cash from operations | n/a | 3,571 |
| Purchase of property, plant and equipment | 2,513 | 2,595 |
| Free cash flow | n/a | 976 |
| Cash from investing | n/a | -3,256 |
| Cash from financing | n/a | -403 |
| Depreciation and amortisation | 1,328 | 1,375 |
| Dividends paid | 961 | 1,226 |
| 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 2011 | Dec 2012 |
|---|---|---|
| Funded by | ||
| Equity attributable to shareholders | 16,794 | 16,911 |
| Non-controlling interests | 1,465 | 1,425 |
| Other liabilities | 29,079 | 29,997 |
| Total equity and liabilities | 47,338 | 48,333 |
| Owned | ||
| Property, plant and equipment | 32,467 | 33,713 |
| Goodwill | 3,534 | 3,458 |
| Other intangible assets | n/a | 1,406 |
| Cash and cash equivalents | 654 | 551 |
| Trade and other receivables | 1,094 | 1,052 |
| Inventories | 248 | 224 |
| Other assets | 9,341 | 7,929 |
| Total assets | 47,338 | 48,333 |
| Filing | 40-F | 40-F |
CAD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2011 | Dec 2012 |
|---|---|---|
| Operating margin | 40.4% | 35.3% |
| Net margin | 20.2% | 16.9% |
| Free cash flow margin | n/a | 12.2% |
| Return on year-end equity | 9.4% | 8.0% |
| Effective tax rate | 25.2% | 24.0% |
| 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 2012, filed 13 February 2015: the filing. The figures are in Canadian dollars as filed.