Tc pipelines, lp (TCP)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Transmission revenues

391,000

403,000

519,000

529,000

547,000

549,000

438,000

435,000

425,000

422,000

424,000

427,000

427,000

426,000

477,000

457,000

441,000

417,000

416,000

413,000

410,000

410,000

337,000

342,000

342,000

341,000

480,000

479,000

413,000

343,000

416,000

350,000

352,000

353,000

70,200

69,600

68,600

69,000

69,300

68,700

0

0

0

Equity earnings (Note 5)

161,000

160,000

159,000

162,000

168,000

173,000

166,000

159,000

147,000

124,000

109,000

104,000

100,000

97,000

109,000

104,000

99,000

97,000

85,000

83,000

86,000

88,000

85,000

85,000

82,000

67,000

54,000

63,000

79,000

99,000

112,000

128,000

134,000

135,000

151,600

136,900

0

-

0

0

-

-

-

Operation and maintenance expenses

71,000

71,000

70,000

67,000

67,000

67,000

68,000

69,000

69,000

67,000

64,000

63,000

60,000

58,000

66,000

63,000

62,000

61,000

59,000

61,000

60,000

61,000

54,000

53,000

54,000

55,000

69,000

75,000

66,000

57,000

78,000

63,000

62,000

61,000

13,200

12,300

12,600

13,000

12,300

12,000

0

0

0

Property taxes

25,000

26,000

26,000

27,000

28,000

28,000

28,000

28,000

28,000

28,000

27,000

27,000

27,000

27,000

32,000

30,000

28,000

27,000

27,000

27,000

28,000

28,000

22,000

23,000

23,000

23,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

7,000

8,000

8,000

8,000

7,000

6,000

7,000

6,000

7,000

8,000

7,000

7,000

7,000

7,000

9,000

9,000

8,000

9,000

6,000

10,000

10,000

9,000

9,000

6,000

9,000

9,000

9,000

8,000

6,000

6,000

6,000

6,000

9,000

9,000

8,700

8,600

4,700

4,000

4,300

6,300

0

0

0

Depreciation

78,000

78,000

82,000

88,000

93,000

97,000

96,000

96,000

97,000

97,000

99,000

98,000

97,000

96,000

103,000

100,000

97,000

95,000

95,000

95,000

96,000

96,000

86,000

86,000

86,000

86,000

122,000

122,000

103,000

85,000

103,000

85,000

86,000

87,000

14,800

15,600

15,300

15,000

14,900

14,800

0

0

0

Interest and Debt Expense and Other Nonoperating Income (Expense)

80,000

83,000

86,000

89,000

91,000

92,000

92,000

92,000

88,000

82,000

77,000

72,000

70,000

71,000

75,000

69,000

68,000

63,000

89,000

88,000

86,000

61,000

88,000

65,000

41,000

44,000

-92,000

-70,000

-55,000

-40,000

-46,000

-47,000

-45,000

-46,000

27,700

25,300

24,800

26,000

25,900

27,100

0

0

0

Net income before taxes

291,000

297,000

-190,000

-184,000

-167,000

-164,000

313,000

303,000

283,000

264,000

259,000

264,000

266,000

264,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

-1,000

-1,000

1,000

1,000

0

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

292,000

298,000

-191,000

-185,000

-167,000

-165,000

312,000

302,000

282,000

263,000

258,000

263,000

265,000

263,000

99,000

88,000

75,000

58,000

247,000

237,000

238,000

241,000

201,000

208,000

205,000

191,000

198,000

0

0

-

0

-

-

-

-

-

-

-

-

0

0

0

0

Net income attributable to non-controlling interest

17,000

18,000

18,000

18,000

18,000

17,000

15,000

13,000

11,000

11,000

11,000

12,000

14,000

15,000

25,000

23,000

21,000

21,000

27,000

35,000

43,000

46,000

35,000

36,000

36,000

36,000

36,000

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to controlling interests

275,000

280,000

-209,000

-203,000

-185,000

-182,000

297,000

289,000

271,000

252,000

244,000

0

0

-

0

-

-

-

-

-

-

-

0

0

0

-

-

-

-

192,000

0

0

0

-

0

0

0

-

-

-

-

-

-

Net income attributable to controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65,000

54,000

-

0

0

0

-

-

-

169,000

155,000

131,000

142,000

141,000

137,000

217,000

210,000

213,000

216,000

157,600

144,300

0

-

0

0

-

-

-

Net income attributable to controlling interest allocation (Note 9)
Common units

0

-

-

-

0

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-

104,000

115,000

124,000

134,000

155,000

148,000

151,000

154,000

152,000

149,800

142,000

134,000

124,800

97,800

0

0

0

General Partner

5,000

5,000

-4,000

-4,000

-4,000

-4,000

8,000

11,000

15,000

16,000

14,000

14,000

12,000

11,000

7,000

5,000

4,000

3,000

6,000

5,000

4,000

4,000

4,000

4,000

3,000

3,000

2,000

2,000

3,000

3,000

3,000

3,000

3,000

3,000

4,000

3,800

3,300

3,000

2,600

4,700

0

0

0

Class B units

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TC Energy and its subsidiaries

-

-

-

-

-

-

-

-

-

17,000

22,000

25,000

27,000

26,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to controlling interests

275,000

280,000

-209,000

-203,000

-185,000

-182,000

297,000

289,000

271,000

252,000

244,000

0

0

-

0

-

-

-

-

-

-

-

0

0

0

-

-

172,000

182,000

192,000

0

0

0

-

0

0

0

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65,000

54,000

-

0

0

0

-

-

-

169,000

155,000

131,000

142,000

141,000

137,000

217,000

210,000

213,000

216,000

157,600

144,300

0

-

0

0

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

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

-

-

-215,000

-212,000

-

-191,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-