TC PipeLines, LP TCP Income Statement

Tc pipelines, lp (TCP)

Income statement / 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	Sep'09	Jun'09
Transmission revenues
101,000	104,000	93,000	93,000	113,000	220,000	103,000	111,000	115,000	109,000	100,000	101,000	112,000	111,000	103,000	101,000	111,000	162,000	83,000	85,000	87,000	161,000	80,000	82,000	87,000	88,000	85,000	82,000	86,000	227,000	84,000	16,000	16,000	300,000	18,000	18,000	17,000	17,200	17,400	17,000	17,400	17,500	16,800
Equity earnings (Note 5)
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	20,000	33,000	34,000	17,000	15,000	31,000	22,000	15,000	18,000	33,000	19,000	15,000	15,000	18,000	6,000	24,000	31,000	38,000	19,000	40,000	37,000	39,000	-	35,600	25,300	-	-	-
Operation and maintenance expenses
16,000	20,000	18,000	17,000	16,000	19,000	15,000	17,000	16,000	20,000	16,000	17,000	14,000	17,000	15,000	14,000	12,000	25,000	12,000	13,000	11,000	23,000	14,000	12,000	12,000	16,000	13,000	13,000	13,000	30,000	19,000	4,000	4,000	51,000	4,000	3,000	3,000	3,200	3,100	3,300	3,400	2,500	2,800
Property taxes
6,000	7,000	6,000	6,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	6,000	7,000	7,000	7,000	11,000	5,000	5,000	6,000	11,000	5,000	6,000	6,000	5,000	6,000	6,000	6,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
1,000	2,000	2,000	2,000	2,000	2,000	2,000	1,000	1,000	3,000	1,000	2,000	2,000	2,000	1,000	2,000	2,000	4,000	1,000	1,000	3,000	1,000	5,000	1,000	2,000	1,000	2,000	4,000	2,000	1,000	1,000	2,000	2,000	1,000	1,000	5,000	2,000	700	900	1,100	1,300	1,000	2,900
Depreciation
20,000	20,000	19,000	19,000	20,000	24,000	25,000	24,000	24,000	23,000	25,000	25,000	24,000	25,000	24,000	24,000	23,000	32,000	21,000	21,000	21,000	32,000	21,000	22,000	21,000	22,000	21,000	22,000	21,000	58,000	21,000	3,000	3,000	76,000	3,000	4,000	4,000	3,800	3,800	3,700	3,700	3,700	3,700
Interest and Debt Expense and Other Nonoperating Income (Expense)
19,000	20,000	20,000	21,000	22,000	23,000	23,000	23,000	23,000	23,000	23,000	19,000	17,000	18,000	18,000	17,000	18,000	22,000	12,000	16,000	13,000	48,000	11,000	14,000	-12,000	75,000	-12,000	-10,000	-9,000	-61,000	10,000	5,000	6,000	-67,000	9,000	7,000	5,000	6,700	6,600	6,500	6,200	6,600	7,800
Net income before taxes
94,000	80,000	59,000	58,000	100,000	-407,000	65,000	75,000	103,000	70,000	55,000	55,000	84,000	65,000	60,000	57,000	82,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
0	-2,000	0	1,000	0	0	0	0	1,000	0	0	0	1,000	0	0	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
94,000	82,000	59,000	57,000	100,000	-407,000	65,000	75,000	102,000	70,000	55,000	55,000	83,000	65,000	60,000	57,000	81,000	-99,000	49,000	44,000	64,000	90,000	39,000	45,000	67,000	50,000	46,000	42,000	53,000	-	57,000	-	-	-	-	-	-	-	-	27,700	33,700	27,400	17,900
Net income attributable to non-controlling interest
6,000	6,000	3,000	2,000	7,000	6,000	3,000	2,000	6,000	4,000	1,000	0	6,000	4,000	2,000	2,000	7,000	14,000	0	0	7,000	20,000	8,000	8,000	10,000	9,000	9,000	8,000	10,000	-	9,000	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to controlling interests
88,000	76,000	56,000	55,000	93,000	-413,000	62,000	73,000	96,000	66,000	54,000	55,000	77,000	-	58,000	-	-	-	-	-	-	-	31,000	37,000	57,000	-	-	-	-	72,000	48,000	33,000	39,000	-	41,000	36,000	42,000	-	-	-	-	-	-
Net income attributable to controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,000	74,000	-	49,000	44,000	57,000	-	-	-	57,000	41,000	37,000	34,000	43,000	17,000	48,000	33,000	39,000	97,000	41,000	36,000	42,000	-	38,600	27,700	-	-	-
Net income attributable to controlling interest allocation (Note 9)
Common units
86,000	-	-	-	91,000	-	-	-	-	-	-	50,000	-	-	-	-	-	-	-	-	-	-	-	-	56,000	-	36,000	23,000	28,000	17,000	47,000	32,000	38,000	38,000	40,000	35,000	41,000	36,000	37,800	27,200	33,000	26,800	10,800
General Partner
2,000	1,000	1,000	1,000	2,000	-8,000	1,000	1,000	2,000	4,000	4,000	5,000	3,000	2,000	4,000	3,000	2,000	-2,000	2,000	2,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	0	1,000	0	1,000	1,000	1,000	0	1,000	1,000	1,000	1,000	800	500	700	600	2,900
Class B units
-	-	1,000	-	-	-	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TC Energy and its subsidiaries
-	-	-	-	-	-	-	-	-	7,000	8,000	0	2,000	12,000	11,000	2,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to controlling interests
88,000	76,000	56,000	55,000	93,000	-413,000	62,000	73,000	96,000	66,000	54,000	55,000	77,000	-	58,000	-	-	-	-	-	-	-	31,000	37,000	57,000	-	-	23,000	29,000	72,000	48,000	33,000	39,000	-	41,000	36,000	42,000	-	-	-	-	-	-
Net income per common unit (Note 9) - basic and diluted (in dollars per unit)
1.21	-	-	-	1.28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common units outstanding — basic and diluted (millions)
71,300	-	-	-	71,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,000	74,000	-	49,000	44,000	57,000	-	-	-	57,000	41,000	37,000	34,000	43,000	17,000	48,000	33,000	39,000	97,000	41,000	36,000	42,000	-	38,600	27,700	-	-	-
Net income per common unit (Note 9) - basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.90	-	0.58	0.40	0.52	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per common unit (Note 13) - diluted (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.90	-	0.58	0.40	0.52	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income allocated to partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,700	27,400	13,700
Net income per common unit (Note 8) - basic (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0
Net income per common unit (Note 8) - diluted (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Weighted average common units outstanding - basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,300	-	62,300	57,400	53,500	53,500	53,500	53,500	53,500	53,800	53,500	50,900	46,200	46,200	46,200	46,200	46,200	41,200	34,900
Weighted average common units outstanding - diluted (in units)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,300	-	62,300	57,400	53,500	53,500	53,500	53,500	53,500	-	-	-	-	-	-	-	-	-	-
Common Units
Net income (loss) attributable to common units or Class B units
-	-	54,000	54,000	-	-414,000	57,000	72,000	94,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per common unit (Note 14) - basic and diluted (in dollars per unit)
-	-	0.76	0.75	-	-5.79	0.79	1.00	1.32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common units outstanding (millions) - basic and diluted
-	-	71,300	71,300	-	71,400	71,300	71,300	71,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-