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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments200833333503926
Cash and cash equivalents200833333503926
Receivables37374641393131
Inventory, net of allowances, customer advances and progress billings111088777
Inventory111088777
Other current assets6687544
Other undisclosed current assets320211  
Total current assets:25715697901028168
Noncurrent Assets
Property, plant and equipment1,7471,5281,5292,1231,8811,9491,968
Long-term investments and receivables1,0701,0981,1961,2131,0449651,177
Long-term investments1,0701,0981,1961,2131,0449651,177
Intangible assets, net (including goodwill)717171130130130130
Goodwill717171130130130130
Other noncurrent assets  63186
Total noncurrent assets:2,8882,6972,8023,4693,0563,0523,281
TOTAL ASSETS:3,1452,8532,8993,5593,1583,1333,349
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:46283631273223
Interest and dividends payable11111212984
Other undisclosed accounts payable and accrued liabilities35172419182419
Debt42312336512314249
Due to related parties78657515
Other undisclosed current liabilities11111213984
Total current liabilities:487170901006659291
Noncurrent Liabilities
Long-term debt and lease obligation1,7681,8802,0722,3521,8351,8961,446
Long-term debt, excluding current maturities1,7681,8802,0722,3521,8351,8961,446
Liabilities, other than long-term debt57432929282749
Deferred income tax liabilities107
Regulatory liability      23
Other liabilities47362929282726
Other undisclosed noncurrent liabilities  910  (23)
Total noncurrent liabilities:1,8251,9232,1102,3911,8631,9231,472
Total liabilities:2,3122,0932,2002,4911,9291,9821,763
Temporary equity, carrying amount    83  
Stockholders' equity
Stockholders' equity attributable to parent(13)(5)85 (2)(2)
Accumulated other comprehensive income (loss)(13)(5)85 (2)(2)
Other undisclosed stockholders' equity8467656911,0631,1461,1531,588
Total stockholders' equity:8337606991,0681,1461,1511,586
TOTAL LIABILITIES AND EQUITY:3,1452,8532,8993,5593,1583,1333,349

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Gross profit:   422357344336
Operating expenses(10)(8)(602)(75)(57)(62)(63)
Operating income (loss):(10)(8)(602)347300282273
Nonoperating income12422151
Public utilities, allowance for funds used during construction, additions10      
Other nonoperating income2422151
Interest and debt expense(78)(88)(95)(83) (1)(49)
Income (loss) from continuing operations before equity method investments, income taxes:(76)(92)(695)266301286225
Income from equity method investments1701601731241169788
Other undisclosed income (loss) from continuing operations before income taxes213229358(126)   
Income (loss) from continuing operations before income taxes:307297(164)264417383313
Income tax expense (benefit)(6)1(1)(1)   
Income (loss) before gain (loss) on sale of properties:301298(165)263417383313
Other undisclosed net loss      (109)
Net income (loss):301298(165)263417383204
Net loss attributable to noncontrolling interest      (32)
Other undisclosed net loss attributable to parent(17)(18)(17)(11)   
Net income (loss) available to common stockholders, diluted:284280(182)252417383172

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):301298(165)263417383204
Other comprehensive loss(8)      
Other undisclosed comprehensive income (loss) (13)37(171)(363)(1)
Comprehensive income (loss):293285(162)27024620203
Comprehensive loss, net of tax, attributable to noncontrolling interest(17)(18)(17)(11) (7)(32)
Comprehensive income (loss), net of tax, attributable to parent:276267(179)25924613171

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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