TransCanada PipeLines 6.250% Junior Subordinated Notes due 2085 (TCPA) Financials
Newest figures come from the 40-F for FY2017, filed Feb 16, 2018. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TCPA SEC filings page.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) reported $10.7B in revenue for fiscal year 2017, up 15.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (40-F and 6-K reports).
Financial Health Signals
We do not publish a peer-relative financial health score for TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 generates $1.66 in operating cash flow ($4.1B OCF vs $2.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 earns $2.19 in operating income for every $1 of interest expense ($3.7B vs $1.7B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 generated $10.7B in revenue in fiscal year 2017. This represents an increase of 15.0% from the prior year.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085's EBITDA was $5.4B in fiscal year 2017, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 70.0% from the prior year.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 reported $2.5B in net income in fiscal year 2017. This represents an increase of 937.9% from the prior year.
Not reported for fiscal year 2017.
Cash & Balance Sheet
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 recorded an outflow of $1.8B in free cash flow in fiscal year 2017, representing a cash shortfall after capex. This represents a decrease of 1698.9% from the prior year.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 held $834.1M in cash against $25.5B in long-term debt as of fiscal year 2017.
Not reported for fiscal year 2017.
Margins & Returns
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085's operating margin was 34.8% in fiscal year 2017, reflecting core business profitability. This is up 16.4 percentage points from the prior year.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085's net profit margin was 23.1% in fiscal year 2017, showing the share of revenue converted to profit. This is up 20.5 percentage points from the prior year.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085's ROE was 13.9% in fiscal year 2017, measuring profit generated per dollar of shareholder equity. This is up 12.4 percentage points from the prior year.
Not reported for fiscal year 2017.
Capital Allocation
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 invested $5.9B in capex in fiscal year 2017, funding long-term assets and infrastructure. This represents an increase of 58.2% from the prior year.
Not reported for fiscal year 2017.
Not reported for fiscal year 2017.
TCPA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY1740-F | FY1640-F | FY1540-F | FY1440-F | FY1340-F | FY1240-F | FY1140-F | FY1040-F |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.7B+15.0% | $9.3B+13.9% | $8.2B-6.6% | $8.8B+6.2% | $8.3B+2.9% | $8.0B+4.3% | $7.7B+12.6% | $6.8B |
| Operating Income | $3.7B+117.2% | $1.7B+2260.5% | $73.0M-97.8% | $3.4B+3.8% | $3.3B+14.9% | $2.8B-8.8% | $3.1B+30.6% | $2.4B |
| EBITDA | $5.4B+70.0% | $3.2B+134.9% | $1.3B-71.8% | $4.8B+2.5% | $4.7B+10.4% | $4.2B-4.5% | $4.4B | N/A |
| Interest Expense | $1.7B+19.0% | $1.4B+42.1% | $1.0B-5.1% | $1.1B+8.3% | $983.4M-5.6% | $1.0B-1.8% | $1.1B+40.7% | $753.3M |
| Income Tax | -$85.5M-132.9% | $259.9M+927.8% | $25.3M-96.5% | $715.5M+25.8% | $568.8M+22.9% | $462.9M-13.8% | $537.0M+44.5% | $371.7M |
| Net Income | $2.5B+937.9% | $239.1Mn/m | -$828.1M-152.1% | $1.6B-5.5% | $1.7B+23.1% | $1.4B-8.9% | $1.5B+19.0% | $1.3B |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
TCPA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY1740-F | FY1640-F | FY1540-F | FY1440-F | FY1340-F | FY1240-F | FY1140-F | FY1040-F |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $68.7B+4.9% | $65.5B+35.6% | $48.3B-8.8% | $52.9B-0.6% | $53.2B+7.5% | $49.5B+4.8% | $47.3B | N/A |
| Current Assets | $3.7B-38.1% | $6.0B+30.3% | $4.6B-11.1% | $5.2B-6.3% | $5.5B-4.0% | $5.8B+52.2% | $3.8B | N/A |
| Cash & Equivalents | $834.1M+15.8% | $720.2M+22.6% | $587.5M+40.8% | $417.2M-50.4% | $841.4M+56.0% | $539.3M-12.8% | $618.6M-4.4% | $647.4M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Inventory | $302.0M+10.2% | $274.1M+17.4% | $233.4M-7.3% | $251.7M+6.7% | $236.0M+4.9% | $224.9M-7.8% | $243.9M | N/A |
| Accounts Receivable | $2.0B+30.0% | $1.6B+54.1% | $1.0B-14.5% | $1.2B+8.0% | $1.1B+0.2% | $1.1B-0.1% | $1.1B | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Goodwill | $10.5B+0.5% | $10.4B+199.0% | $3.5B0.0% | $3.5B+0.1% | $3.5B+0.1% | $3.5B-0.1% | $3.5B+0.6% | $3.5B |
| Total Liabilities | $49.3B+4.7% | $47.1B+40.0% | $33.6B+0.7% | $33.4B+0.9% | $33.1B+3.1% | $32.1B+12.3% | $28.6B | N/A |
| Current Liabilities | $9.9B+32.9% | $7.5B+34.7% | $5.5B-23.9% | $7.3B+14.2% | $6.4B-18.4% | $7.8B+44.5% | $5.4B | N/A |
| Non-Current Liabilities | $39.4B-0.6% | $39.6B+41.1% | $28.1B+7.6% | $26.1B-2.2% | $26.7B+10.0% | $24.3B+4.8% | $23.2B | N/A |
| Long-Term Debt | $25.5B-10.8% | $28.5B+36.6% | $20.9B+5.5% | $19.8B-3.8% | $20.6B+13.7% | $18.1B+3.8% | $17.4B | N/A |
| Total Equity | $17.9B+10.3% | $16.2B+21.0% | $13.4B-26.2% | $18.2B-3.4% | $18.8B+2.4% | $18.4B+4.2% | $17.6B | N/A |
| Retained Earnings | $1.9B+62.4% | $1.2B-45.6% | $2.2B-55.3% | $4.8B+0.3% | $4.8B+3.0% | $4.7B+4.3% | $4.5B | N/A |
TCPA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY1740-F | FY1640-F | FY1540-F | FY1440-F | FY1340-F | FY1240-F | FY1140-F | FY1040-F |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.1B+7.4% | $3.8B+20.2% | $3.2B-12.2% | $3.6B+6.3% | $3.4B-3.8% | $3.6B+1.5% | $3.5B+24.6% | $2.8B |
| Depreciation & Amortization | $1.6B+13.7% | $1.4B+13.2% | $1.3B-8.2% | $1.4B-0.5% | $1.4B+1.1% | $1.4B+5.7% | $1.3B | N/A |
| Stock-Based Compensation | $9.6M-14.2% | $11.2M+18.9% | $9.4M+55.7% | $6.0M+7.0% | $5.6M+12.3% | $5.0M | N/A | N/A |
| Capital Expenditures | $5.9B+58.2% | $3.7B+31.7% | $2.8B-5.9% | $3.0B-25.0% | $4.0B+53.8% | $2.6B+5.4% | $2.5B-43.5% | $4.4B |
| Free Cash Flow | -$1.8B-1698.9% | $111.0M-69.6% | $364.9M-42.5% | $634.4Mn/m | -$583.8M-161.1% | $955.0M-7.9% | $1.0Bn/m | -$1.6B |
| Investing Cash Flow | -$3.0Bn/m | -$14.0Bn/m | -$3.5Bn/m | -$3.7Bn/m | -$4.8Bn/m | -$3.3B | N/A | N/A |
| Financing Cash Flow | -$1.1B-110.4% | $10.4B+2036.5% | $484.9Mn/m | -$297.4M-117.5% | $1.7Bn/m | -$368.5M | N/A | N/A |
| Dividends Paid | $1.7B+41.1% | $1.2B+14.9% | $1.0B-9.9% | $1.2B-4.1% | $1.2B-1.8% | $1.2B+7.6% | $1.1B+4.1% | $1.1B |
Not reported in any period shown, so not listed: Share Buybacks.
TCPA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY1740-F | FY1640-F | FY1540-F | FY1440-F | FY1340-F | FY1240-F | FY1140-F | FY1040-F |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 34.8%+16.4pp | 18.4%+17.5pp | 0.9%-37.7pp | 38.6%-0.9pp | 39.5%+4.1pp | 35.3%-5.1pp | 40.4%+5.6pp | 34.8% |
| Net Margin | 23.1%+20.5pp | 2.6%+12.7pp | -10.1%-28.2pp | 18.1%-2.2pp | 20.3%+3.4pp | 17.0%-2.5pp | 19.4%+1.0pp | 18.4% |
| Return on Equity | 13.9%+12.4pp | 1.5%+7.6pp | -6.2%-14.9pp | 8.7%-0.2pp | 8.9%+1.5pp | 7.4%-1.1pp | 8.5% | N/A |
| Return on Assets | 3.6%+3.2pp | 0.4%+2.1pp | -1.7%-4.7pp | 3.0%-0.2pp | 3.2%+0.4pp | 2.8%-0.4pp | 3.2% | N/A |
| Current Ratio | 0.37-0.4x | 0.800.0x | 0.83+0.1x | 0.71-0.2x | 0.87+0.1x | 0.740.0x | 0.70 | N/A |
| Debt-to-Equity | 1.42-0.3x | 1.76+0.2x | 1.56+0.5x | 1.090.0x | 1.09+0.1x | 0.980.0x | 0.99 | N/A |
| Liabilities-to-Equity | 2.75-0.1x | 2.90+0.4x | 2.51+0.7x | 1.84+0.1x | 1.760.0x | 1.75+0.1x | 1.62 | N/A |
| Asset Turnover | 0.160.0x | 0.140.0x | 0.170.0x | 0.170.0x | 0.160.0x | 0.160.0x | 0.16 | N/A |
| FCF Margin | -16.5%-17.7pp | 1.2%-3.3pp | 4.5%-2.8pp | 7.2%+14.3pp | -7.1%-18.9pp | 11.9%-1.6pp | 13.5%+36.2pp | -22.8% |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.37), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 Ranks
Frequently Asked Questions
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) reported $10.7B in total revenue for fiscal year 2017. This represents a 15.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) revenue grew by 15.0% year-over-year, from $9.3B to $10.7B in fiscal year 2017.
Yes, TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) reported a net income of $2.5B in fiscal year 2017, with a net profit margin of 23.1%.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) had EBITDA of $5.4B in fiscal year 2017, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2017, TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) had $834.1M in cash and equivalents against $25.5B in long-term debt.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) had an operating margin of 34.8% in fiscal year 2017, reflecting the profitability of core business operations before interest and taxes.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) had a net profit margin of 23.1% in fiscal year 2017, representing the share of revenue converted into profit after all expenses.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) has a return on equity of 13.9% for fiscal year 2017, measuring how efficiently the company generates profit from shareholder equity.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) recorded an outflow of $1.8B in free cash flow during fiscal year 2017. This represents a -1698.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) generated $4.1B in operating cash flow during fiscal year 2017, representing cash generated from core business activities.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) had $68.7B in total assets as of fiscal year 2017, including both current and long-term assets.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) invested $5.9B in capital expenditures during fiscal year 2017, funding long-term assets and infrastructure.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) had a current ratio of 0.37 as of fiscal year 2017, which is below 1.0, which may suggest potential liquidity concerns.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) had a debt-to-equity ratio of 1.42 as of fiscal year 2017. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) had a liabilities-to-equity ratio of 2.75 as of fiscal year 2017, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) had a return on assets of 3.6% for fiscal year 2017, measuring how efficiently the company uses its assets to generate profit.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) has an earnings quality ratio of 1.66x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
TransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085 (TCPA) has an interest coverage ratio of 2.19x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.