TC PipeLines Revenue, Profits - TCP Annual Income Statement

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$32.86 $0.31 (0.95%) TCP stock closing price Aug 17, 2018 (Closing)

Fundamental analysis of TCP stock involves analyzing its financial statements, apart from checking the TC PipeLines stock price. In the income statement, an investor can look at important parameters like revenue or sales, gross profits, net profits, and EPS basic to gain deeper insights. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the TCP stock is bound to reflect the impact of the YOY growth of 18.21%. The operating expenses as shown in the TC PipeLines profit and loss statement for 2017 total to $133M. This line item shows that the operating expenses has increased compared with last year. Also check: TC PipeLines assets and TC PipeLines free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
TC PipeLines Revenues or Net Sales
422M357M344M336M341M65M70.4M69.1M67.9M31.6M
Cost Of Goods Sold (COGS)67M50M53M54M55M17M14.6M13M11M9.5M
TC PipeLines Gross Profit
355M307M291M282M286M48M55.8M56.1M56.9M22.1M
Research & Development Expense----------
Selling General & Admin Expense36M26M227M30M32M6M8.7M4.4M6.2M-
Income Before Depreciation Depletion Amortization319M281M64M252M254M42M47.1M51.7M50.7M22.1M
Depreciation Depletion Amortization97M86M85M86M86M11M15.2M15M14.7M6.9M
Non Operating Income124M116M97M88M67M129M153.5M126M99.4M122.6M
Interest Expense82M67M56M50M44M23M28M25.6M29.3M30.1M
TC PipeLines Pretax Income
264M244M20M204M191M137M157.4M137.1M106.1M107.7M
Provision for Income Taxes1M---------
MinorityInterest11M-7M32M36M-----
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations263M244M20M204M191M137M157.4M137.1M106.1M107.7M
Extraordinary Items & Discontinued Operations----------
TC PipeLines Profit/ Loss (Net Income)
252M244M13M172M155M137M157.4M137.1M106.1M107.7M
Average Shares used to compute Diluted EPS69.2M65.7M64.3M62.7M62.3M53.5M51.1M46.2M38.7M34.9M
Average Shares used to compute Basic EPS69.2M65.7M63.9M62.7M58.9M53.5M51.1M46.2M38.7M34.9M
Income Before Nonrecurring Items252M244M212M172M129M137M157.4M137.1M97.8M107.7M
Income from Nonrecurring Items---214M-------
TC PipeLines Earnings Per Share Basic Net
3.163.21-0.032.672.132.513.022.912.342.75
TC PipeLines Earnings Per Share Diluted Net
3.163.21-0.032.672.132.513.022.912.342.75
EPS Diluted Before Nonrecurring Items3.163.213.032.672.132.513.022.912.342.75
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common3.883.663.463.303.183.103.042.942.872.78
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing TC PipeLines stock analysis are:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that TCP stock has a topline or revenue of $422M for 2017 as per this TC PipeLines revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. TCP stock had a healthy bottom line growth.

The income statement is also called the profit and loss statement. Apart from the TCP income statement, one can check the TC PipeLines historical stock prices to check how the price has moved with time.

TC PipeLines Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
8.88
PS Ratio (price sales ratio)
5.38
Operating Margin
55.9
Net Profit Margin
65.8
Dividend Yield
11.11%