TC PipeLines, LP TCP Cash Flow

Tc pipelines, lp (TCP)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash Generated from Operations
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
94,000	82,000	59,000	57,000	100,000	-406,000	64,000	75,000	102,000	70,000	55,000	55,000	83,000	65,000	60,000	65,000	73,000	-99,000	49,000	44,000	64,000	90,000	39,000	45,000	67,000	50,000	46,000	42,000	53,000	-39,000	104,000	33,000	39,000	131,000	41,000	36,000	42,000	37,000	38,600	27,700	33,700
Depreciation
20,000	20,000	19,000	19,000	20,000	24,000	25,000	24,000	24,000	24,000	24,000	25,000	24,000	25,000	23,000	27,000	21,000	32,000	21,000	21,000	21,000	32,000	21,000	22,000	21,000	22,000	21,000	22,000	21,000	-53,000	58,000	3,000	3,000	76,000	3,000	4,000	4,000	3,800	3,800	3,700	3,700
Amortization of debt issue costs reported as interest expense (Note 13)
-	-	-	-	-	1,000	0	0	1,000	1,000	0	0	1,000	1,000	0	0	1,000	0	0	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	100	100
Accrual for costs related to the 2017 Acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
55,000	45,000	31,000	30,000	54,000	44,000	34,000	36,000	59,000	37,000	27,000	24,000	36,000	22,000	22,000	11,000	42,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions received from operating activities of equity investments (Note 5)
65,000	32,000	56,000	56,000	56,000	46,000	46,000	53,000	43,000	34,000	38,000	40,000	28,000	28,000	30,000	54,000	41,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	0	1,000	-	-	-	-	-	-	-	-	800	100	0	100
Equity allowance for funds used during construction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	200
Change in operating working capital (Note 11)
-9,000	19,000	-12,000	9,000	-13,000	28,000	-30,000	11,000	-6,000	26,000	-17,000	0	-7,000	12,000	1,000	-6,000	-6,000	29,000	-8,000	2,000	-3,000	7,000	-8,000	-12,000	-16,000	19,000	-9,000	6,000	-8,000	10,000	-11,000	5,000	-7,000	-	-6,000	1,000	1,000	1,500	-2,700	-1,200	-600
Other
-2,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Generated from Operations
131,000	68,000	116,000	93,000	135,000	186,000	131,000	106,000	117,000	65,000	106,000	98,000	107,000	85,000	97,000	135,000	100,000	31,000	78,000	64,000	87,000	162,000	70,000	88,000	97,000	57,000	74,000	58,000	83,000	-101,000	174,000	31,000	49,000	216,000	43,000	37,000	44,000	39,900	45,400	33,300	37,400
Investing Activities
Investment in Great Lakes (Note 5)
5,000	-	-	0	5,000	-	-	0	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution received from Iroquois as return of investment (Note 5)
5,000	200	2,600	53,200	2,000	-	-	-	2,000	2,000	3,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
24,000	27,000	19,000	13,000	16,000	12,000	19,000	7,000	2,000	3,000	10,000	9,000	7,000	8,000	3,000	7,000	11,000	9,000	33,000	9,000	3,000	2,000	3,000	3,000	2,000	-	-	-	-	-	-	-	-	160,000	0	0	3,000	-700	900	300	8,500
Customer advances for construction
0	-	-	-1,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in affiliate demand loan receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-45,000	-6,000	13,000	17,000	-	-	-	-	-	-	-	-	-	-	-	-
Investing Activities
-24,000	-33,000	-21,000	39,000	-17,000	-11,000	-16,000	-4,000	-4,000	-5,000	-131,000	-614,000	-11,000	-15,000	-2,000	-5,000	-208,000	-44,000	-24,000	-253,000	-5,000	-250,000	7,000	-12,000	-6,000	4,000	-907,000	-5,000	-12,000	58,000	-37,000	19,000	4,000	-154,000	-44,000	-525,000	-2,000	8,200	800	11,100	-9,100
Distributions paid to common units, including the General Partner (Note 10)
47,000	47,000	47,000	48,000	47,000	47,000	48,000	47,000	76,000	74,000	75,000	67,000	68,000	-	-	-	-	-	-	-	-	55,000	54,000	51,000	52,000	51,000	52,000	42,000	43,000	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to Class B units (Note 8)
8,000	-	0	0	13,000	-	0	0	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to non-controlling interests
7,000	4,000	3,000	8,000	7,000	3,000	8,000	2,000	1,000	0	0	3,000	2,000	-	-	-	-	12,000	0	0	9,000	18,000	13,000	16,000	13,000	14,000	13,000	14,000	11,000	-	-	-	-	-	-	-	-	-	-	-	-
Change in affiliate demand loan payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-396,000	379,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-
Common unit issuance, net (Note 11)
-	-	-	-	-	0	0	0	40,000	50,000	34,000	21,000	71,000	-	-	-	-	18,000	0	23,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common unit issuance subject to rescission, net (Note 11)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	64,000	19,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt issued, net of discount (Note 7)
6,000	9,000	1,000	2,000	18,000	60,000	29,000	55,000	75,000	-	-	-	-	9,000	-5,000	10,000	195,000	20,000	174,000	75,000	349,000	-	-	-	-	65,000	860,000	10,000	2,000	-	-	-	-	-	-	-	-	62,000	0	2,000	10,000
Long-term debt repaid (Note 7)
0	0	1,000	85,000	50,000	200,000	91,000	124,000	101,000	146,000	36,000	67,000	61,000	74,000	31,000	140,000	25,000	35,000	185,000	195,000	10,000	49,000	30,000	20,000	10,000	38,000	10,000	319,000	5,000	7,000	8,000	12,000	35,000	610,000	0	353,000	8,000	77,800	7,000	13,200	3,000
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to former parent of GTN and Bison
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	20,000	17,000	-	-	42,000	42,000	-28,000	42,000	36,000	35,000	35,700	34,400	34,500	34,400
Financing Activities
-56,000	-42,000	-50,000	-139,000	-99,000	-190,000	-118,000	-119,000	-78,000	-100,000	47,000	490,000	-83,000	-83,000	-70,000	-142,000	117,000	-87,000	-70,000	-151,000	276,000	52,000	-24,000	-72,000	-75,000	-40,000	770,000	12,000	-72,000	39,000	-136,000	-49,000	-77,000	-40,000	6,000	487,000	-43,000	-51,500	-41,400	-45,700	-27,400
Increase in cash and cash equivalents
51,000	-7,000	45,000	-7,000	19,000	-	-3,000	-17,000	35,000	-40,000	22,000	-26,000	13,000	-13,000	25,000	-12,000	9,000	-100,000	-16,000	-340,000	358,000	-36,000	53,000	4,000	16,000	21,000	-63,000	65,000	-1,000	-4,000	1,000	1,000	-24,000	22,000	5,000	-1,000	-1,000	-3,400	4,800	-1,300	900
Supplemental Disclosures of Cash Flow Information
Interest payments paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,400	1,400	3,000	1,200