MARKETS / NYSE / TCPA
NYSE · NATURAL GAS TRANSMISSION · LARGE CAP

Transcanada Pipelines Ltd. TCPA

8 fiscal years on record · CAD · FY2017 reported
SEC FILINGS ONLY
Revenue · FY2017
CAD 13.4B
▲ 7.2% vs FY2016
EPS · FY17
Dividend / sh · FY17
Payout · FY17
68%
ROE · FY17
14.0%
Net margin · FY17
23.1%
Dividend coverage
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Result
CAD 13.4B
Revenue, FY2017 · full 8-year series below
Revenue Net income
48121613.43.12010201320162017
48121613.43.12010201320162017

23 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2017
EPS
0.40.81.22010201320162017
0.40.81.22010201320162017

The company pays no cash dividend.

Profitability
14.0%
Return on equity, FY2017
ROE
48121614.0%2010201320162017
48121614.0%2010201320162017
Operating margin34.8%
Net margin23.1%
Return on assets3.6%

Each CAD of equity produced 14 cents of profit this year.

Returned to shareholders
CAD 2.1B
returned in FY2017 · dividends + net buybacks
Dividends paidCAD 2.1B
Net buybacks
Share of profit68.3%
Consecutive raises

CAD 2.1B in dividends — 68% of the year's profit went back to shareholders.

Growth
+10.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+9.7%
+10.9%
Net income
+19.0%
+18.0%
Returned to shareholders
+16.4%
+11.6%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.87B
Shares outstanding, FY2017
0.730.872010201320162017
0.730.872010201320162017
Change, 5 years+18.2%
Change, 10 years

The share count grew 18% in five years — the same company, cut into more, smaller slices.

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Balance sheet
CAD 86.0B
total assets, end of FY2017
Total assetsCAD 86.0B
EquityCAD 22.4B
CashCAD 1.0B
Gross debtCAD 34.7B
Net debtCAD 33.7B
Current ratio0.37×

Net debt stands at 150% of equity.

History
8 fiscal years
Every figure from documents filed with the SEC · CAD
Metric
2017
2016
2015
2014
2013
2012
2011
2010
Revenue CAD B
13.4
12.5
11.4
10.2
8.8
8.0
7.8
6.9
Operating income CAD B
4.7
2.3
0.1
3.9
3.5
2.8
3.2
2.4
EBITDA CAD B
6.7
4.3
1.9
5.5
5.0
4.2
4.5
·
Income tax CAD B
−0.1
0.3
0.0
0.8
0.6
0.5
0.5
0.4
Net income CAD B
3.1
0.3
−1.1
1.8
1.8
1.4
1.5
1.3
EPS, diluted CAD
·
·
·
·
·
·
·
·
Dividend / sh CAD
·
·
·
·
·
·
·
·
Payout %
68
502
−126
73
72
90
76
87
ROE %
14.0
1.6
−5.8
9.0
9.3
7.5
8.5
·
Shares out B
0.87
0.86
0.78
0.78
0.76
0.74
0.73
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
14 of 14
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed