Balance Sheet TC Energy Corporation

Equities

TRP

CA87807B1076

Oil & Gas Transportation Services

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-09-18 EDT			5-day change	1st Jan Change
62.69 ^CAD	-0.60%		+0.71%	+21.12%

09-13	Sector Update: Energy Stocks Rise Late Afternoon	MT
09-13	Sector Update: Energy Stocks Rise in Friday Afternoon Trading	MT

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Published financial data: TC ENERGY CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	13.26B	13B	13.39B	14.98B	15.93B
Total Revenues	13.26B	13B	13.39B	14.98B	15.93B
Cost of Goods Sold, Total	4.17B	3.77B	4.01B	5.36B	5.29B
Gross Profit	9.08B	9.23B	9.38B	9.61B	10.64B
Selling General & Admin Expenses, Total	106M	111M	97M	101M	114M
Depreciation & Amortization - (IS)	2.46B	2.59B	2.52B	2.58B	2.78B
Other Operating Expenses	727M	727M	81M	794M	929M
Other Operating Expenses, Total	3.3B	3.43B	2.7B	3.48B	3.82B
Operating Income	5.79B	5.8B	6.68B	6.13B	6.82B
Interest Expense, Total	-2.33B	-2.23B	-2.36B	-2.59B	-3.26B
Interest And Investment Income	162M	173M	444M	153M	229M
Net Interest Expenses	-2.17B	-2.06B	-1.92B	-2.44B	-3.03B
Income (Loss) On Equity Invest.	920M	1.02B	898M	1.05B	1.38B
Currency Exchange Gains (Loss)	298M	40M	-244M	-185M	320M
Other Non Operating Income (Expenses)	475M	349M	267M	369M	575M
EBT, Excl. Unusual Items	5.31B	5.16B	5.68B	4.94B	6.06B
Restructuring Charges	-	-	-81M	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-571M	-
Gain (Loss) On Sale Of Investments	-	-	-	-3.06B	-2.09B
Gain (Loss) On Sale Of Assets	-121M	-50M	30M	64M	36M
Asset Writedown	-	-	-3.13B	-	-
Other Unusual Items	-	-	-342M	-	-
EBT, Incl. Unusual Items	5.19B	5.11B	2.17B	1.37B	4.01B
Income Tax Expense	754M	194M	120M	589M	942M
Earnings From Continuing Operations	4.43B	4.91B	2.05B	785M	3.07B
Net Income to Company	4.43B	4.91B	2.05B	785M	3.07B
Minority Interest	-293M	-297M	-91M	-37M	-146M
Net Income - (IS)	4.14B	4.62B	1.96B	748M	2.92B
Preferred Dividend and Other Adjustments	164M	159M	140M	107M	93M
Net Income to Common Incl Extra Items	3.98B	4.46B	1.82B	641M	2.83B
Net Income to Common Excl. Extra Items	3.98B	4.46B	1.82B	641M	2.83B
Per Share Items
Net EPS - Basic	4.28	4.74	1.87	0.64	2.75
Basic EPS - Continuing Operations	4.28	4.74	1.87	0.64	2.75
Basic Weighted Average Shares Outstanding	929M	940M	973M	995M	1.03B
Net EPS - Diluted	4.27	4.74	1.86	0.64	2.75
Diluted EPS - Continuing Operations	4.27	4.74	1.86	0.64	2.75
Diluted Weighted Average Shares Outstanding	931M	940M	974M	996M	1.03B
Normalized Basic EPS	3.26	3.11	3.56	3.06	3.54
Normalized Diluted EPS	3.25	3.11	3.55	3.06	3.54
Dividend Per Share	3	3.24	3.48	3.6	3.72
Payout Ratio	47.29	68.15	176.88	440.91	98.53
Supplemental Items
EBITDA	8.25B	8.39B	9.2B	8.72B	9.6B
EBITA	5.79B	5.8B	6.68B	6.13B	6.82B
EBIT	5.79B	5.8B	6.68B	6.13B	6.82B
EBITDAR	8.36B	8.5B	9.3B	8.82B	9.72B
Effective Tax Rate - (Ratio)	14.54	3.8	5.54	42.87	23.49
Current Domestic Taxes	84M	-54M	29M	43M	73M
Current Foreign Taxes	615M	306M	276M	372M	858M
Total Current Taxes	699M	252M	305M	415M	931M
Deferred Domestic Taxes	-29M	-224M	-327M	-467M	-39M
Deferred Foreign Taxes	84M	166M	142M	641M	50M
Total Deferred Taxes	55M	-58M	-185M	174M	11M
Normalized Net Income	3.02B	2.93B	3.46B	3.05B	3.64B
Interest Capitalized	186M	294M	22M	27M	187M
Interest on Long-Term Debt	1.92B	1.99B	1.97B	2.46B	3.18B
Non-Cash Pension Expense	-54M	-51M	-72M	-94M	-76M
Supplemental Operating Expense Items
Net Rental Expense, Total	106M	111M	97M	101M	114M
Imputed Operating Lease Interest Expense	42.4M	44.52M	35.78M	37.72M	51.36M
Imputed Operating Lease Depreciation	63.6M	66.48M	61.22M	63.28M	62.64M
Stock-Based Comp., Other (Total)	13M	12M	12M	10M	9M
Total Stock-Based Compensation	13M	12M	12M	10M	9M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.34B	1.53B	673M	620M	3.68B
Trading Asset Securities, Total	180M	188M	159M	608M	1.27B
Total Cash And Short Term Investments	1.52B	1.72B	832M	1.23B	4.94B
Accounts Receivable, Total	2.58B	2.29B	3.29B	4.07B	4.67B
Other Receivables	-	-	640M	496M	233M
Notes Receivable	-	-	1.22B	-	-
Total Receivables	2.58B	2.29B	5.15B	4.57B	4.9B
Inventory	452M	629M	724M	936M	982M
Prepaid Expenses	60M	126M	112M	118M	92M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	52M	142M	273M	106M	120M
Other Current Assets, Total	2.99B	292M	331M	378M	335M
Total Current Assets	7.65B	5.2B	7.42B	7.33B	11.37B
Gross Property Plant And Equipment	92.81B	99.37B	102B	111B	117B
Accumulated Depreciation	-27.32B	-29.6B	-31.93B	-34.63B	-36.6B
Net Property Plant And Equipment	65.49B	69.78B	70.18B	75.94B	80.57B
Long-term Investments	6.51B	6.7B	8.46B	9.61B	10.43B
Goodwill	12.89B	12.68B	12.58B	12.84B	12.53B
Other Intangibles, Total	-	-	-	-	-
Accounts Receivable Long-Term	-	192M	249M	2.25B	2.72B
Loans Receivable Long-Term	1.43B	1.34B	238M	-	-
Deferred Tax Assets Long-Term	37M	177M	509M	1.07B	1.33B
Deferred Charges Long-Term	1.72B	231M	-	-	-
Other Long-Term Assets, Total	3.56B	4.01B	4.58B	5.3B	6.08B
Total Assets	99.28B	100B	104B	114B	125B
Liabilities
Accounts Payable, Total	3.31B	3.06B	4.46B	4.66B	5.29B
Accrued Expenses, Total	613M	595M	652M	705M	932M
Short-term Borrowings	4.3B	4.18B	5.17B	6.26B	-
Current Portion of Long-Term Debt	2.71B	1.99B	1.33B	1.92B	2.96B
Current Portion of Leases	56M	56M	49M	54M	58M
Unearned Revenue Current, Total	-	129M	90M	599M	69M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	1.91B	1.98B	1.29B	2.7B	2.51B
Total Current Liabilities	12.9B	11.99B	13.04B	16.91B	11.82B
Long-Term Debt	42.96B	43.46B	46.29B	50.19B	60.29B
Long-Term Leases	476M	427M	380M	379M	401M
Unearned Revenue Non Current	226M	203M	184M	32M	12M
Pension & Other Post Retirement Benefits	540M	503M	174M	111M	97M
Deferred Tax Liability Non Current	5.7B	5.81B	6.14B	7.65B	8.12B
Other Non Current Liabilities	4.08B	4.44B	4.61B	4.96B	5.28B
Total Liabilities	66.88B	66.83B	70.82B	80.23B	86.03B
Preferred Stock Redeemable	3.98B	3.98B	3.49B	2.5B	2.5B
Total Preferred Equity	3.98B	3.98B	3.49B	2.5B	2.5B
Common Stock, Total	24.39B	24.49B	26.72B	29B	30B
Additional Paid In Capital	-	2M	729M	722M	-
Retained Earnings	3.96B	5.37B	3.77B	819M	-3B
Comprehensive Income and Other	-1.56B	-2.44B	-1.43B	955M	49M
Total Common Equity	26.78B	27.42B	29.78B	31.49B	27.05B
Minority Interest	1.63B	2.08B	125M	126M	9.46B
Total Equity	32.4B	33.47B	33.4B	34.12B	39.01B
Total Liabilities And Equity	99.28B	100B	104B	114B	125B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	939M	940M	981M	1B	1.04B
ECS Total Common Shares Outstanding	938M	940M	981M	1.02B	1.04B
Book Value / Share	28.54	29.17	30.36	30.93	26.08
Tangible Book Value	13.9B	14.74B	17.2B	18.65B	14.52B
Tangible Book Value Per Share	14.81	15.68	17.54	18.32	14
Total Debt	50.5B	50.11B	53.21B	58.81B	63.71B
Net Debt	48.97B	48.39B	52.38B	57.58B	58.76B
Debt Equivalent of Unfunded Proj. Benefit Obligation	365M	288M	-118M	-400M	-341M
Debt Equivalent Oper. Leases	848M	888M	776M	808M	912M
Minority Interest, Total (Incl. Fin. Div)	1.63B	2.08B	125M	126M	9.46B
Equity Method Investments, Total	6.31B	6.56B	8.3B	8.18B	8.95B
Account Code - Inventory Valuation	3	3	3	3	-
Machinery, Total	1.04B	1.02B	1.02B	1.06B	1.1B
Full Time Employees	7.3K	7.28K	7.02K	7.48K	7K
Assets on Operating Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.14B	4.62B	1.96B	748M	2.92B
Depreciation & Amortization - CF	2.46B	2.59B	2.52B	2.58B	2.78B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	2.46B	2.59B	2.52B	2.58B	2.78B
(Gain) Loss From Sale Of Asset	121M	50M	-30M	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	3.05B	2.1B
Asset Writedown & Restructuring Costs	-	-	2.78B	453M	-4M
(Income) Loss On Equity Investments - (CF)	293M	104M	77M	-29M	-123M
Provision and Write-off of Bad Debts	-	-	-	163M	-83M
Other Operating Activities, Total	-229M	25M	-122M	47M	-529M
Change In Accounts Receivable	31M	129M	-925M	-575M	-600M
Change In Inventories	-42M	-55M	-93M	-190M	-56M
Change In Accounts Payable	352M	-162M	890M	-83M	-
Change in Other Net Operating Assets	-48M	-239M	-159M	209M	863M
Cash from Operations	7.08B	7.06B	6.89B	6.38B	7.27B
Capital Expenditure	-8.18B	-8.14B	-5.92B	-6.73B	-8.15B
Sale of Property, Plant, and Equipment	2.4B	3.41B	35M	-	33M
Cash Acquisitions	-	-88M	-	-	-307M
Investment in Marketable and Equity Securities, Total	-384M	-765M	-1.14B	-801M	-4.13B
Other Investing Activities, Total	-704M	-471M	-686M	519M	262M
Cash from Investing	-6.87B	-6.05B	-7.71B	-7.01B	-12.29B
Short Term Debt Issued, Total	1.66B	-	1B	766M	-
Long-Term Debt Issued, Total	4.46B	5.77B	11.22B	3.52B	15.88B
Total Debt Issued	6.12B	5.77B	12.23B	4.28B	15.88B
Short Term Debt Repaid, Total	-	-220M	-	-	-6.3B
Long-Term Debt Repaid, Total	-3.5B	-3.98B	-7.76B	-1.34B	-3.77B
Total Debt Repaid	-3.5B	-4.2B	-7.76B	-1.34B	-10.07B
Issuance of Common Stock	253M	91M	148M	1.9B	4M
Repurchase of Common Stock	-	-	-	-	-
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-500M	-1B	-
Common Dividends Paid	-1.8B	-2.99B	-3.32B	-3.19B	-2.79B
Preferred Dividends Paid	-160M	-159M	-141M	-106M	-92M
Common & Preferred Stock Dividends Paid	-1.96B	-3.15B	-3.46B	-3.3B	-2.88B
Other Financing Activities, Total	-216M	682M	-748M	-64M	5.16B
Cash from Financing	693M	-800M	-88M	487M	8.09B
Foreign Exchange Rate Adjustments	-6M	-19M	53M	94M	-16M
Net Change in Cash	897M	187M	-857M	-53M	3.06B
Supplemental Items
Cash Interest Paid	2.3B	2.2B	2.3B	2.48B	2.93B
Cash Income Tax Paid (Refund)	713M	252M	371M	394M	836M
Levered Free Cash Flow	-6.59B	-726M	-3.06B	741M	-3.32B
Unlevered Free Cash Flow	-5.13B	666M	-1.59B	2.36B	-1.29B
Change In Net Working Capital	3.04B	-2.57B	2.37B	-2.66B	188M
Net Debt Issued / Repaid	2.61B	1.57B	4.47B	2.94B	5.81B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.65	3.64	4.08	3.51	3.56
Return on Total Capital	4.41	4.36	4.91	4.27	4.36
Return On Equity %	13.99	14.92	6.12	2.33	8.39
Return on Common Equity	15.25	16.45	6.35	2.09	9.66
Margin Analysis
Gross Profit Margin %	68.52	71.02	70.07	64.18	66.8
SG&A Margin	0.8	0.85	0.72	0.67	0.72
EBITDA Margin %	62.24	64.57	68.74	58.2	60.25
EBITA Margin %