TC PipeLines, LP (TCP) financial statements (2021 and earlier)

Company profile

Business Address 700 LOUISIANA STREET, SUITE 700
HOUSTON, TX 77002-2700
State of Incorp. DE
Fiscal Year End December 31
SIC 4922 - Natural Gas Transmission (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments83333350392625
Cash and cash equivalents83333350392625
Receivables37464139313133
Inventory, net of allowances, customer advances and progress billings10887777
Inventory10887777
Other current assets6875444
Other undisclosed current assets20211   
Total current assets:1569790102816869
Noncurrent Assets
Property, plant and equipment1,5281,5292,1231,8811,9491,9682,042
Long-term investments and receivables1,0981,1961,2131,0449651,1771,195
Long-term investments1,0981,1961,2131,0449651,1771,195
Intangible assets, net (including goodwill)7171130130130130130
Goodwill7171130130130130130
Other noncurrent assets 631867
Total noncurrent assets:2,6972,8023,4693,0563,0523,2813,374
TOTAL ASSETS:2,8532,8993,5593,1583,1333,3493,443
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:28363127322319
Interest and dividends payable111212984 
Other undisclosed accounts payable and accrued liabilities17241918241919
Debt123365123142493
Due to related parties8657515 
Other undisclosed current liabilities11121398433
Total current liabilities:17090100665929155
Noncurrent Liabilities
Long-term debt and lease obligation1,8802,0722,3521,8351,8961,4461,575
Long-term debt, excluding current maturities1,8802,0722,3521,8351,8961,4461,575
Liabilities, other than long-term debt43292928274946
Deferred income tax liabilities7
Regulatory liability     2322
Other liabilities36292928272624
Other undisclosed noncurrent liabilities 910  (23)(22)
Total noncurrent liabilities:1,9232,1102,3911,8631,9231,4721,599
Total liabilities:2,0932,2002,4911,9291,9821,7631,654
Temporary equity, carrying amount   83   
Stockholders' equity
Stockholders' equity attributable to parent(5)85 (2)(2)(1)
Accumulated other comprehensive income (loss)(5)85 (2)(2)(1)
Other undisclosed stockholders' equity7656911,0631,1461,1531,5881,790
Total stockholders' equity:7606991,0681,1461,1511,5861,789
TOTAL LIABILITIES AND EQUITY:2,8532,8993,5593,1583,1333,3493,443

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Gross profit:  422357344336341
Operating expenses(8)(602)(75)(57)(62)(63)(64)
Operating income (loss):(8)(602)347300282273277
Nonoperating income
(Other Nonoperating income)
422151 
Interest and debt expense(88)(95)(83) (1)(49) 
Income (loss) from continuing operations before equity method investments, income taxes:(92)(695)266301286225277
Income from equity method investments160173124116978867
Other undisclosed income (loss) from continuing operations before income taxes229358(126)    
Income (loss) from continuing operations before income taxes:297(164)264417383313344
Income tax expense (benefit)1(1)(1)    
Income (loss) before gain (loss) on sale of properties:298(165)263417383313344
Other undisclosed net loss     (109) 
Net income (loss):298(165)263417383204344
Net loss attributable to noncontrolling interest     (32) 
Other undisclosed net loss attributable to parent(18)(17)(11)    
Net income (loss) available to common stockholders, diluted:280(182)252417383172344

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):298(165)263417383204344
Other undisclosed comprehensive income (loss)(13)37(171)(363)(1)(153)
Comprehensive income (loss):285(162)27024620203191
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(18)(17)(11) (7)(32)36
Other undisclosed comprehensive loss, net of tax, attributable to parent      (72)
Comprehensive income (loss), net of tax, attributable to parent:267(179)25924613171155

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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