TC PipeLines, LP TCP Cash Flow

Tc pipelines, lp (TCP)

CashFlow / TTM

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
292,000	298,000	-190,000	-185,000	-167,000	-165,000	311,000	302,000	282,000	263,000	258,000	263,000	273,000	263,000	99,000	88,000	67,000	58,000	247,000	237,000	238,000	241,000	201,000	208,000	205,000	191,000	102,000	160,000	151,000	137,000	307,000	244,000	247,000	250,000	156,000	153,600	145,300	137,000	0	0	0
Depreciation
78,000	78,000	82,000	88,000	93,000	97,000	97,000	96,000	97,000	97,000	98,000	97,000	99,000	96,000	103,000	101,000	95,000	95,000	95,000	95,000	96,000	96,000	86,000	86,000	86,000	86,000	11,000	48,000	29,000	11,000	140,000	85,000	86,000	87,000	14,800	15,600	15,300	15,000	0	0	0
Amortization of debt issue costs reported as interest expense (Note 13)
-	-	-	-	-	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	1,000	1,000	1,000	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Accrual for costs related to the 2017 Acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
161,000	160,000	159,000	162,000	168,000	173,000	166,000	159,000	147,000	124,000	109,000	104,000	91,000	97,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions received from operating activities of equity investments (Note 5)
209,000	200,000	214,000	204,000	201,000	188,000	176,000	168,000	155,000	140,000	134,000	126,000	140,000	153,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	0	0	0	-	-	-	-	-	-	-	-	1,000	0	0	0
Equity allowance for funds used during construction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Change in operating working capital (Note 11)
7,000	3,000	12,000	-6,000	-4,000	3,000	1,000	14,000	3,000	2,000	-12,000	6,000	0	1,000	18,000	9,000	17,000	20,000	-2,000	-2,000	-16,000	-29,000	-17,000	-18,000	0	8,000	-1,000	-3,000	-4,000	-3,000	0	0	0	-	-2,500	800	-1,400	-3,000	0	0	0
Other
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Generated from Operations
408,000	412,000	530,000	545,000	558,000	540,000	419,000	394,000	386,000	376,000	396,000	387,000	424,000	417,000	363,000	344,000	273,000	260,000	391,000	383,000	407,000	417,000	312,000	316,000	286,000	272,000	114,000	214,000	187,000	153,000	470,000	339,000	345,000	340,000	163,900	166,300	162,600	156,000	0	0	0
Investing Activities
Investment in Great Lakes (Note 5)
0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution received from Iroquois as return of investment (Note 5)
61,000	58,000	0	0	0	-	-	-	7,000	5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
83,000	75,000	60,000	60,000	54,000	40,000	31,000	22,000	24,000	29,000	34,000	27,000	25,000	29,000	30,000	60,000	62,000	54,000	47,000	17,000	11,000	10,000	0	0	0	-	-	-	-	-	-	-	-	163,000	2,300	3,200	3,500	9,000	0	0	0
Customer advances for construction
0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in affiliate demand loan receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investing Activities
-39,000	-32,000	-10,000	-5,000	-48,000	-35,000	-29,000	-144,000	-754,000	-761,000	-771,000	-642,000	-33,000	-230,000	-259,000	-281,000	-529,000	-326,000	-532,000	-501,000	-260,000	-261,000	-7,000	-921,000	-914,000	-920,000	-866,000	4,000	28,000	44,000	-168,000	-175,000	-719,000	-725,000	-562,800	-518,000	18,100	11,000	0	0	0
Distributions paid to common units, including the General Partner (Note 10)
189,000	189,000	189,000	190,000	189,000	218,000	245,000	272,000	292,000	284,000	0	0	0	-	-	-	-	-	-	-	-	212,000	208,000	206,000	197,000	188,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to Class B units (Note 8)
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to non-controlling interests
22,000	22,000	21,000	26,000	20,000	14,000	11,000	3,000	4,000	5,000	0	0	0	-	-	-	-	21,000	27,000	40,000	56,000	60,000	56,000	56,000	54,000	52,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in affiliate demand loan payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common unit issuance, net (Note 11)
-	-	-	-	-	40,000	90,000	124,000	145,000	176,000	0	0	0	-	-	-	-	44,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common unit issuance subject to rescission, net (Note 11)
-	-	-	-	-	-	-	-	-	-	-	-	-	83,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt issued, net of discount (Note 7)
18,000	30,000	81,000	109,000	162,000	219,000	0	0	0	-	-	-	-	209,000	220,000	399,000	464,000	618,000	0	0	0	-	-	-	-	937,000	0	0	0	-	-	-	-	-	-	-	-	74,000	0	0	0
Long-term debt repaid (Note 7)
86,000	136,000	336,000	426,000	465,000	516,000	462,000	407,000	350,000	310,000	238,000	233,000	306,000	270,000	231,000	385,000	440,000	425,000	439,000	284,000	109,000	109,000	98,000	78,000	377,000	372,000	341,000	339,000	32,000	62,000	665,000	657,000	998,000	971,000	438,800	445,800	106,000	101,000	0	0	0
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to former parent of GTN and Bison
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,000	0	0	0	-	-	98,000	92,000	85,000	148,700	141,100	139,600	139,000	0	0	0
Financing Activities
-287,000	-330,000	-478,000	-546,000	-526,000	-505,000	-415,000	-250,000	359,000	354,000	371,000	254,000	-378,000	-178,000	-182,000	-182,000	-191,000	-32,000	107,000	153,000	232,000	-119,000	-211,000	583,000	667,000	670,000	749,000	-157,000	-218,000	-223,000	-302,000	-160,000	376,000	410,000	398,500	351,100	-181,600	-166,000	0	0	0
Increase in cash and cash equivalents
82,000	50,000	0	0	0	-	-25,000	0	-9,000	-31,000	-4,000	-1,000	13,000	9,000	-78,000	-119,000	-447,000	-98,000	-34,000	35,000	379,000	37,000	94,000	-22,000	39,000	22,000	-3,000	61,000	-3,000	-26,000	0	4,000	2,000	25,000	-400	-600	-900	1,000	0	0	0
Supplemental Disclosures of Cash Flow Information
Interest payments paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,000	0	0	0