Cash flow Pembina Pipeline Corporation

Equities

PPL

CA7063271034

Oil & Gas Transportation Services

Market Closed - Toronto S.E. Other stock markets 16:19:13 2025-12-05 EST			5-day change	1st Jan Change
54.71 ^CAD	-0.07%		+1.00%	+3.01%

12-01	Pembina Pipeline Corporation(TSX:PPL.PRI) dropped from S&P/TSX Preferred Share Index	CI
11-28	RBC Says New Alberta-Canada Energy Deal Could Lift Canadian Energy Infrastructure Sector	MT

8ea00e25213461c5577d3ac53443.WxPWywtfuAR2e5UdrjkAORt_wwLMNBXAuL9-4Zmaajc.A2SRuzkQ4SkMEOd12XdySmgWqUD1ZSW1zfAwjvLZLwYcf7CYeBPoRk8s3A

Published financial data: PEMBINA PIPELINE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	6.2B	8.63B	11.61B	9.12B	7.38B
Total Revenues	6.2B	8.63B	11.61B	9.12B	7.38B
Cost of Goods Sold, Total	4.13B	6.13B	8.88B	6.58B	4.4B
Gross Profit	2.07B	2.49B	2.73B	2.54B	2.99B
Selling General & Admin Expenses, Total	208M	267M	399M	383M	394M
Depreciation & Amortization - (IS)	38M	39M	-	39M	50M
Other Operating Expenses	12M	229M	101M	15M	-25M
Other Operating Expenses, Total	258M	535M	500M	437M	419M
Operating Income	1.81B	1.96B	2.23B	2.11B	2.57B
Interest Expense, Total	-401M	-424M	-446M	-454M	-575M
Interest And Investment Income	-	-	-	-	46M
Net Interest Expenses	-401M	-424M	-446M	-454M	-529M
Income (Loss) On Equity Invest.	-32M	281M	361M	316M	328M
Currency Exchange Gains (Loss)	-9M	9M	-12M	-15M	-12M
Other Non Operating Income (Expenses)	-10M	-35M	-28M	3M	-20M
EBT, Excl. Unusual Items	1.36B	1.79B	2.11B	1.96B	2.34B
Merger & Related Restructuring Charges	-	350M	-	-	-
Gain (Loss) On Sale Of Investments	-1.28B	-22M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	1.11B	-	-
Asset Writedown	-499M	-452M	-	231M	-
Other Unusual Items	-	-	-	-	-616M
EBT, Incl. Unusual Items	-416M	1.66B	3.22B	2.19B	1.72B
Income Tax Expense	-100M	423M	248M	413M	-154M
Earnings From Continuing Operations	-316M	1.24B	2.97B	1.78B	1.87B
Net Income to Company	-316M	1.24B	2.97B	1.78B	1.87B
Minority Interest	-	-	-	-	-10M
Net Income - (IS)	-316M	1.24B	2.97B	1.78B	1.86B
Preferred Dividend and Other Adjustments	160M	144M	129M	128M	143M
Net Income to Common Incl Extra Items	-476M	1.1B	2.84B	1.65B	1.72B
Net Income to Common Excl. Extra Items	-476M	1.1B	2.84B	1.65B	1.72B
Per Share Items
Net EPS - Basic	-0.87	2	5.14	3	3
Basic EPS - Continuing Operations	-0.87	2	5.14	3	3
Basic Weighted Average Shares Outstanding	550M	550M	553M	550M	573M
Net EPS - Diluted	-0.87	1.99	5.12	2.99	3
Diluted EPS - Continuing Operations	-0.87	1.99	5.12	2.99	3
Diluted Weighted Average Shares Outstanding	550M	551M	554M	551M	574M
Normalized Basic EPS	1.55	2.03	2.38	2.22	2.53
Normalized Diluted EPS	1.55	2.03	2.38	2.22	2.53
Dividend Per Share	2.52	2.52	2.55	2.66	2.74
Payout Ratio	-484.18	122.46	55.57	88.91	91.26
Supplemental Items
EBITDA	2.44B	2.59B	2.85B	2.71B	3.37B
EBITA	1.94B	2.06B	2.34B	2.22B	2.7B
EBIT	1.81B	1.96B	2.23B	2.11B	2.57B
Effective Tax Rate - (Ratio)	24.04	25.41	7.7	18.87	-8.95
Total Current Taxes	240M	286M	227M	325M	261M
Total Deferred Taxes	-340M	137M	21M	88M	-415M
Normalized Net Income	850M	1.12B	1.32B	1.22B	1.45B
Interest Capitalized	46M	25M	21M	15M	23M
Interest on Long-Term Debt	447M	449M	467M	469M	601M
Non-Cash Pension Expense	1M	2M	-1M	-1M	-1M
Supplemental Operating Expense Items
General and Administrative Expenses	82M	92M	399M	140M	147M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	28M	100M	126M	72M	84M
Total Stock-Based Compensation	28M	100M	126M	72M	84M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	81M	43M	94M	137M	141M
Trading Asset Securities, Total	-	-	16M	-	-
Total Cash And Short Term Investments	81M	43M	110M	137M	141M
Accounts Receivable, Total	578M	750M	696M	698M	844M
Other Receivables	60M	30M	166M	1.36B	239M
Total Receivables	638M	780M	862M	2.05B	1.08B
Inventory	221M	376M	269M	333M	301M
Prepaid Expenses	24M	32M	32M	28M	35M
Other Current Assets, Total	25M	14M	89M	81M	13M
Total Current Assets	989M	1.24B	1.36B	2.63B	1.57B
Gross Property Plant And Equipment	22.3B	22.7B	19.82B	20.28B	27.79B
Accumulated Depreciation	-3.1B	-3.92B	-3.79B	-3.96B	-4.53B
Net Property Plant And Equipment	19.2B	18.77B	16.04B	16.32B	23.27B
Long-term Investments	4.38B	4.62B	7.38B	6.99B	4.27B
Goodwill	4.69B	4.69B	4.56B	4.55B	5.02B
Other Intangibles, Total	1.65B	1.54B	1.57B	1.51B	1.5B
Accounts Receivable Long-Term	138M	211M	219M	230M	223M
Deferred Tax Assets Long-Term	322M	257M	261M	285M	-
Other Long-Term Assets, Total	50M	109M	81M	97M	108M
Total Assets	31.42B	31.46B	31.48B	32.62B	35.97B
Liabilities
Accounts Payable, Total	434M	652M	571M	555M	530M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	601M	1B	600M	650M	1.52B
Current Portion of Leases	99M	88M	79M	77M	89M
Current Income Taxes Payable	56M	-	-	18M	-
Unearned Revenue Current, Total	62M	71M	56M	33M	43M
Other Current Liabilities	529M	579M	740M	1.89B	721M
Total Current Liabilities	1.78B	2.39B	2.05B	3.22B	2.91B
Long-Term Debt	10.28B	10.24B	10B	9.85B	11.13B
Long-Term Leases	675M	635M	596M	567M	576M
Unearned Revenue Non Current	230M	220M	138M	126M	255M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	2.92B	3.01B	2.51B	2.62B	2.87B
Other Non Current Liabilities	514M	598M	399M	419M	719M
Total Liabilities	16.4B	17.09B	15.69B	16.8B	18.46B
Preferred Stock Redeemable	2.95B	2.52B	2.21B	2.2B	2.16B
Total Preferred Equity	2.95B	2.52B	2.21B	2.2B	2.16B
Common Stock, Total	15.64B	15.68B	15.79B	15.76B	17.01B
Retained Earnings	-3.64B	-3.92B	-2.61B	-2.37B	-2.3B
Comprehensive Income and Other	2M	28M	341M	221M	641M
Total Common Equity	12.01B	11.79B	13.52B	13.61B	15.35B
Minority Interest	60M	60M	60M	-	-
Total Equity	15.02B	14.36B	15.79B	15.81B	17.51B
Total Liabilities And Equity	31.42B	31.46B	31.48B	32.62B	35.97B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	550M	550M	550M	549M	581M
ECS Total Common Shares Outstanding	550M	550M	550M	549M	581M
Book Value / Share	21.84	21.43	24.58	24.8	26.41
Tangible Book Value	5.67B	5.55B	7.39B	7.55B	8.82B
Tangible Book Value Per Share	10.31	10.09	13.44	13.75	15.18
Total Debt	11.65B	11.96B	11.28B	11.14B	13.32B
Net Debt	11.57B	11.92B	11.16B	11.01B	13.18B
Debt Equivalent of Unfunded Proj. Benefit Obligation	44M	6M	-6M	9M	-8M
Minority Interest, Total (Incl. Fin. Div)	60M	60M	60M	-	-
Equity Method Investments, Total	4.38B	4.62B	7.37B	6.99B	4.27B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	94M	100M	85M	84M	152M
Inventories - Finished Goods, Total	127M	276M	184M	249M	149M
Land - (BS)	429M	456M	481M	480M	694M
Full Time Employees	2.62K	2.35K	-	-	3K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-316M	1.24B	2.97B	1.78B	1.86B
Depreciation & Amortization - CF	592M	623M	590M	569M	746M
Amortization of Goodwill and Intangible Assets - (CF)	123M	100M	109M	110M	136M
Depreciation & Amortization, Total	715M	723M	699M	679M	882M
(Gain) Loss From Sale Of Asset	-	-	-1.11B	-20M	-27M
(Gain) Loss on Sale of Investments - (CF)	1.59B	22M	-	-	-
Asset Writedown & Restructuring Costs	499M	452M	-	-231M	-
(Income) Loss On Equity Investments - (CF)	177M	180M	312M	503M	298M
Stock-Based Compensation (CF)	-17M	68M	81M	-5M	-7M
Other Operating Activities, Total	-304M	63M	-201M	143M	247M
Change in Other Net Operating Assets	-93M	-100M	177M	-210M	-43M
Cash from Operations	2.25B	2.65B	2.93B	2.64B	3.21B
Capital Expenditure	-1.08B	-683M	-626M	-621M	-981M
Sale of Property, Plant, and Equipment	-	-	31M	17M	38M
Cash Acquisitions	-	-41M	-	-	-2.62B
Divestitures	-	-	609M	-	-
Investment in Marketable and Equity Securities, Total	-202M	-335M	-95M	-234M	-308M
Net (Increase) Decrease in Loans Originated / Sold - Investing	9M	11M	13M	13M	-
Other Investing Activities, Total	-215M	9M	-86M	36M	-42M
Cash from Investing	-1.48B	-1.04B	-154M	-789M	-3.91B
Long-Term Debt Issued, Total	3.16B	1.59B	339M	504M	2.73B
Total Debt Issued	3.16B	1.59B	339M	504M	2.73B
Long-Term Debt Repaid, Total	-2.52B	-1.31B	-1.08B	-676M	-1.36B
Total Debt Repaid	-2.52B	-1.31B	-1.08B	-676M	-1.36B
Issuance of Common Stock	88M	16M	310M	1M	1.24B
Repurchase of Common Stock	-	-17M	-333M	-50M	-
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-420M	-300M	-	-
Common Dividends Paid	-	-1.39B	-1.52B	-1.46B	-1.57B
Preferred Dividends Paid	-	-135M	-126M	-120M	-132M
Common & Preferred Stock Dividends Paid	-1.53B	-	-	-	-
Common & Preferred Stock Dividends Paid	-1.53B	-1.52B	-1.65B	-1.58B	-1.7B
Other Financing Activities, Total	-11M	-	-	-	-232M
Cash from Financing	-809M	-1.66B	-2.72B	-1.8B	678M
Foreign Exchange Rate Adjustments	-8M	16M	9M	-2M	11M
Net Change in Cash	-48M	-38M	64M	44M	-10M
Supplemental Items
Cash Income Tax Paid (Refund)	295M	355M	334M	236M	404M
Levered Free Cash Flow	320M	1.03B	1.33B	1.05B	1.1B
Unlevered Free Cash Flow	570M	1.29B	1.61B	1.33B	1.45B
Change In Net Working Capital	230M	73M	-14M	113M	136M
Net Debt Issued / Repaid	644M	277M	-746M	-172M	1.37B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.53	3.89	4.44	4.11	4.68
Return on Total Capital	4.16	4.62	5.23	4.88	5.56
Return On Equity %	-1.98	8.46	19.71	11.24	11.25
Return on Common Equity	-3.68	9.23	22.46	12.15	11.89
Margin Analysis
Gross Profit Margin %	33.38	28.9	23.55	27.89	40.47
SG&A Margin	3.35	3.09	3.44	4.2	5.34
EBITDA Margin %	39.36	30.02	24.55	29.72	45.69
EBITA Margin %	31.2	23.86	20.18	24.31	36.63
EBIT Margin %	29.22	22.7	19.24	23.1	34.79
Income From Continuing Operations Margin %	-5.1	14.4	25.59	19.46	25.38
Net Income Margin %	-5.1	14.4	25.59	19.46	25.24
Net Avail. For Common Margin %	-7.67	12.73	24.48	18.06	23.31
Normalized Net Income Margin	13.71	12.96	11.35	13.41	19.64
Levered Free Cash Flow Margin	5.16	11.89	11.46	11.52	14.83
Unlevered Free Cash Flow Margin	9.2	14.96	13.86	14.62	19.7
Asset Turnover
Asset Turnover	0.19	0.27	0.37	0.28	0.22
Fixed Assets Turnover	0.32	0.45	0.67	0.56	0.37
Receivables Turnover (Average Receivables)	10.76	12.99	16.14	13.09	9.58
Inventory Turnover (Average Inventory)	23.82	20.55	27.53	21.86	13.87
Short Term Liquidity
Current Ratio	0.56	0.52	0.67	0.82	0.54
Quick Ratio	0.4	0.34	0.48	0.68	0.42
Operating Cash Flow to Current Liabilities	1.26	1.11	1.43	0.82	1.11
Days Sales Outstanding (Average Receivables)	34.02	28.09	22.62	27.88	38.22
Days Outstanding Inventory (Average Inventory)	15.37	17.76	13.26	16.7	26.39
Average Days Payable Outstanding	49.83	31.51	24.89	30.93	45.5
Cash Conversion Cycle (Average Days)	-0.44	14.34	10.99	13.65	19.11
Long Term Solvency
Total Debt/Equity	77.6	83.28	71.41	70.47	76.08
Total Debt / Total Capital	43.69	45.44	41.66	41.34	43.21
LT Debt/Equity	72.93	75.71	67.11	65.87	66.86
Long-Term Debt / Total Capital	41.07	41.31	39.15	38.64	37.97
Total Liabilities / Total Assets	52.21	54.34	49.84	51.52	51.32
EBIT / Interest Expense	4.52	4.62	5.01	4.64	4.47
EBITDA / Interest Expense	6.3	6.32	6.58	6.14	6
(EBITDA - Capex) / Interest Expense	3.62	4.71	5.17	4.77	4.3
Total Debt / EBITDA	4.61	4.46	3.84	4	3.86
Net Debt / EBITDA	4.58	4.45	3.81	3.95	3.82
Total Debt / (EBITDA - Capex)	8.02	5.99	4.89	5.14	5.39
Net Debt / (EBITDA - Capex)	7.97	5.97	4.84	5.08	5.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-14.22	44.92	34.59	-21.41	16.63
Gross Profit, 1 Yr. Growth %	1.12	20.43	9.67	-6.91	18.38
EBITDA, 1 Yr. Growth %	10.7	6.1	9.4	-4.88	24.41
EBITA, 1 Yr. Growth %	7.2	6.36	12.97	-5.34	21.96
EBIT, 1 Yr. Growth %	3.19	8.06	14.1	-5.64	21.87
Earnings From Cont. Operations, 1 Yr. Growth %	-120.97	-493.04	139.21	-40.22	5.52
Net Income, 1 Yr. Growth %	-120.97	-493.04	139.21	-40.22	4.95
Normalized Net Income, 1 Yr. Growth %	-26.17	31.54	17.89	-7.16	18.49
Diluted EPS Before Extra, 1 Yr. Growth %	-132.29	-329.94	157.29	-41.6	0.33
Accounts Receivable, 1 Yr. Growth %	0.52	29.76	-6.33	0.29	20.92
Inventory, 1 Yr. Growth %	75.4	70.14	-28.46	23.79	-9.61
Net Property, Plant and Equip., 1 Yr. Growth %	0.77	-2.22	-14.58	1.78	42.56
Total Assets, 1 Yr. Growth %	-4.09	0.13	0.06	3.59	10.27
Tangible Book Value, 1 Yr. Growth %	-23.47	-2.13	33.2	2.15	16.81
Common Equity, 1 Yr. Growth %	-13.3	-1.86	14.72	0.69	12.72
Cash From Operations, 1 Yr. Growth %	-11.06	17.67	10.53	-10.04	21.97
Capital Expenditures, 1 Yr. Growth %	-36.28	-36.47	-8.35	-0.8	57.97
Levered Free Cash Flow, 1 Yr. Growth %	566.41	220.67	27.6	-20.79	4.24
Unlevered Free Cash Flow, 1 Yr. Growth %	137.21	126.25	23.05	-16.87	9
Dividend Per Share, 1 Yr. Growth %	6.78	0	1.19	4.12	3.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-8.15	9.23	39.66	2.85	-20.25
Gross Profit, 2 Yr. CAGR %	4.54	10.36	14.92	1.04	4.54
EBITDA, 2 Yr. CAGR %	9.41	8.38	8.07	2.01	8.79
EBITA, 2 Yr. CAGR %	7.67	6.78	10.04	3.41	7.45
EBIT, 2 Yr. CAGR %	6.09	5.6	11.04	3.76	7.24
Earnings From Cont. Operations, 2 Yr. CAGR %	-50.27	-9.22	206.63	19.58	-20.58
Net Income, 2 Yr. CAGR %	-50.27	-9.22	206.63	19.58	-20.79
Normalized Net Income, 2 Yr. CAGR %	-11.64	-1.45	24.53	4.62	4.88
Diluted EPS Before Extra, 2 Yr. CAGR %	-38.3	-13.83	143.23	22.58	-23.45
Accounts Receivable, 2 Yr. CAGR %	7.52	14.21	9.73	-3.08	10.12
Inventory, 2 Yr. CAGR %	5.65	72.75	10.33	-5.89	5.78
Net Property, Plant and Equip., 2 Yr. CAGR %	14.17	-0.73	-8.61	-6.76	20.46
Total Assets, 2 Yr. CAGR %	8.55	-2	0.09	1.83	6.88
Tangible Book Value, 2 Yr. CAGR %	-13.13	-13.46	14.17	16.65	9.24
Common Equity, 2 Yr. CAGR %	0.37	-7.76	6.11	7.48	6.54
Cash From Operations, 2 Yr. CAGR %	-0.09	2.3	14.04	-0.28	4.75
Capital Expenditures, 2 Yr. CAGR %	-7.67	-36.37	-23.69	-4.65	25.18
Levered Free Cash Flow, 2 Yr. CAGR %	232.12	362.27	103.95	0.38	-9.13
Unlevered Free Cash Flow, 2 Yr. CAGR %	68.79	131.67	67.95	1.02	-4.81
Dividend Per Share, 2 Yr. CAGR %	6.07	3.33	0.59	2.64	3.61
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.72	5.48	17.11	15.3	-5.05
Gross Profit, 3 Yr. CAGR %	13.15	9.59	10.13	7.13	6.22
EBITDA, 3 Yr. CAGR %	17.29	8.3	8.94	3.57	8.99
EBITA, 3 Yr. CAGR %	17.96	7.23	9.08	4.66	9.26
EBIT, 3 Yr. CAGR %	17.43	6.74	8.36	5.17	9.48
Earnings From Cont. Operations, 3 Yr. CAGR %	-29	-0.95	25.39	77.79	14.7
Net Income, 3 Yr. CAGR %	-29	-0.95	25.39	77.79	14.49
Normalized Net Income, 3 Yr. CAGR %	9.01	0.89	4.62	12.92	9.05
Diluted EPS Before Extra, 3 Yr. CAGR %	-22.49	-4.34	24.08	51.17	14.66
Accounts Receivable, 3 Yr. CAGR %	48.36	14.47	6.57	6.49	4.34
Inventory, 3 Yr. CAGR %	9.57	23.83	28.76	14.64	-7.15
Net Property, Plant and Equip., 3 Yr. CAGR %	12.33	8.42	-5.58	-5.27	7.42
Total Assets, 3 Yr. CAGR %	7.11	5.66	-1.32	1.26	4.57
Tangible Book Value, 3 Yr. CAGR %	-5.15	-9.61	-0.08	10.02	16.7
Common Equity, 3 Yr. CAGR %	1.88	-0.38	-0.8	4.27	9.2
Cash From Operations, 3 Yr. CAGR %	14.18	5.51	4.97	5.38	6.64
Capital Expenditures, 3 Yr. CAGR %	-17.32	-18.49	-28.14	-16.72	12.83
Levered Free Cash Flow, 3 Yr. CAGR %	-25.69	228.26	202.64	48.65	1.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	-5.34	86.1	88.44	32.75	3.61
Dividend Per Share, 3 Yr. CAGR %	7.3	4	2.61	1.75	2.8
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6	15.13	16.55	4.42	0.42
Gross Profit, 5 Yr. CAGR %	20	18.39	13.86	6.09	7.86
EBITDA, 5 Yr. CAGR %	20.82	18.45	13.51	5.87	8.88
EBITA, 5 Yr. CAGR %	23.08	18.93	14.72	5.85	8.43
EBIT, 5 Yr. CAGR %	21.48	19.37	14.83	5.54	7.91
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.89	21.66	27.46	6.8	4.46
Net Income, 5 Yr. CAGR %	-4.89	21.66	27.46	6.8	4.34
Normalized Net Income, 5 Yr. CAGR %	17.59	22.22	14.97	2.37	4.72
Diluted EPS Before Extra, 5 Yr. CAGR %	-3.23	14.53	22.46	5.64	2.28
Accounts Receivable, 5 Yr. CAGR %	39.1	36.03	31.5	6.9	7.98
Inventory, 5 Yr. CAGR %	12.99	15.74	9.87	10.96	19.03
Net Property, Plant and Equip., 5 Yr. CAGR %	15.72	10.63	3.43	2.07	4.08
Total Assets, 5 Yr. CAGR %	19.48	15.94	4.25	4.11	1.89
Tangible Book Value, 5 Yr. CAGR %	10.11	7.01	2.15	0.1	3.55
Common Equity, 5 Yr. CAGR %	13.68	11.67	3.55	2.69	2.07
Cash From Operations, 5 Yr. CAGR %	22.97	19.73	14.12	3.15	4.89
Capital Expenditures, 5 Yr. CAGR %	-10.57	-17.77	-19.93	-13.21	-10.28
Levered Free Cash Flow, 5 Yr. CAGR %	-24.67	2.93	11.29	105.03	86.92
Unlevered Free Cash Flow, 5 Yr. CAGR %	-14.5	9.55	19.06	46.13	43.33
Dividend Per Share, 5 Yr. CAGR %	6.96	5.84	4.56	3.46	3.01