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TC Energy (TRP) Financials

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$50.75 -0.17 (-0.33%)
As of 03:01 PM Eastern
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Annual Income Statements for TC Energy

Annual Income Statements for TC Energy

This table shows TC Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 1,501 -897 92 2,382 2,593 3,064 3,494 1,421 474 2,143 3,190
Consolidated Net Income / (Loss)		 1,716 -824 361 2,698 2,577 3,416 3,851 1,601 580 2,324 3,735
Net Income / (Loss) Continuing Operations		 1,716 -824 361 2,698 2,577 3,416 3,851 1,601 112 1,860 3,461
Total Pre-Tax Income 		2,431 -800 623 2,627 2,894 3,997 4,003 1,695 350 2,498 4,101
Total Operating Income		 2,834 -155 1,959 2,607 3,576 4,459 4,550 2,450 3,325 4,459 4,018
Total Gross Profit		 7,189 6,591 7,721 8,795 8,935 9,934 10,190 10,409 9,080 9,989 9,413
Total Revenue		 8,769 8,209 9,337 10,688 10,024 10,215 10,190 10,477 9,096 10,049 9,563
Operating Revenue		 8,769 8,209 9,337 10,688 10,024 10,215 10,190 10,477 9,096 10,049 9,563
Total Cost of Revenue		 1,581 1,617 1,616 1,893 1,089 281 0.00 68 16 61 151
Operating Cost of Revenue		 1,581 1,617 1,616 1,893 1,089 281 0.00 68 16 61 151
Total Operating Expenses		 4,354 6,746 5,762 6,188 5,359 5,475 5,640 7,959 5,755 5,529 5,394
Selling, General & Admin Expense		 2,560 2,388 2,873 3,104 2,633 3,016 3,040 3,207 3,124 3,085 3,065
Depreciation Expense		 1,387 1,276 1,443 1,633 1,722 1,899 2,030 1,974 1,672 1,853 1,760
Other Operating Expenses / (Income)		 407 374 413 452 417 560 570 606 537 592 569
Impairment Charge		 0.00 2,708 1,033 999 587 - 0.00 2,172 422 0.00 0.00
Total Other Income / (Expense), net		 -403 -645 -1,336 21 -682 -462 -546 -755 -2,974 -1,961 83
Interest Expense		 1,031 991 1,487 1,644 1,660 1,798 1,747 1,847 1,700 2,247 2,097
Interest & Investment Income		 528 436 694 614 523 709 799 703 738 992 1,082
Other Income / (Expense), net		 101 -90 -543 1,051 454 627 401 389 -2,013 -707 1,098
Income Tax Expense		 715 25 262 -71 317 581 152 94 238 638 640
Net Income / (Loss) Discontinued Operations		 - - - - - - - - 468 464 274
Preferred Stock Dividends Declared		 84 68 81 127 119 126 125 110 79 70 72
Net Income / (Loss) Attributable to Noncontrolling Interest		 132 4.34 188 189 -136 226 233 71 27 111 473
Basic Earnings per Share		 - ($1.75) $0.16 $2.73 $3.92 $4.28 $4.74 $1.87 $0.47 $2.08 $3.08
Weighted Average Basic Shares Outstanding		 708M 709M 759M 872M 902M 929M 940M 973M 995M 1.03B 1.04B
Diluted Earnings per Share		 - ($1.75) $0.16 $2.73 $3.92 $4.27 $4.74 $1.86 $0.47 $2.08 $3.08
Weighted Average Diluted Shares Outstanding		 710M 709M 760M 874M 903M 931M 940M 974M 996M 1.03B 1.04B
Weighted Average Basic & Diluted Shares Outstanding		 708.56M 702.61M 863.76M 881.38M 1.81B 1.84B 1.84B 1.92B 1.99B 2.03B 2.03B
Cash Dividends to Common per Share		 $1.92 $2.08 $2.26 $1.99 $2.76 $3.00 $3.24 $3.48 $2.66 $2.82 $2.57

Quarterly Income Statements for TC Energy

No quarterly income statements for TC Energy are available.

Annual Cash Flow Statements for TC Energy

This table details how cash moves in and out of TC Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -377 261 124 58 -471 691 147 -671 -39 2,316 -1,998
Net Cash From Operating Activities		 3,639 3,170 3,772 4,156 4,803 5,458 5,533 5,393 4,711 5,505 5,344
Net Cash From Continuing Operating Activities		 3,639 3,170 3,772 4,156 4,803 5,458 5,533 5,393 4,711 5,505 5,344
Net Income / (Loss) Continuing Operations		 1,716 -824 361 2,698 2,577 3,416 3,851 1,601 580 2,324 3,735
Consolidated Net Income / (Loss)		 1,716 -824 361 2,698 2,577 3,416 3,851 1,601 580 2,324 3,735
Depreciation Expense		 1,387 1,276 1,443 1,633 1,722 1,899 2,030 1,974 1,910 2,104 1,936
Non-Cash Adjustments To Reconcile Net Income		 189 3,161 1,826 231 493 -126 -47 2,187 2,565 912 -808
Changes in Operating Assets and Liabilities, net		 346 -443 142 -406 11 268 -302 -369 -344 165 481
Net Cash From Investing Activities		 -3,695 -3,528 -13,978 -2,940 -7,342 -5,296 -4,744 -6,036 -5,180 -9,307 -4,798
Net Cash From Continuing Investing Activities		 -3,695 -3,528 -13,978 -2,940 -7,342 -5,296 -4,744 -6,036 -5,180 -9,307 -4,798
Acquisitions		 -428 -527 -10,696 -1,336 -7,645 -6,225 -6,881 -5,583 -4,935 -6,298 -4,381
Purchase of Investments		 - - - - - - - - -2,537 -3,143 -3,252
Sale of Property, Plant & Equipment		 169 0.00 4.46 3,721 450 1,848 2,671 27 0.00 25 549
Sale and/or Maturity of Investments		 10 6.51 541 288 89 143 0.00 57 1,945 17 2,560
Other Investing Activities, net		 -442 -174 -101 254 -235 -1,063 -534 -537 347 91 -274
Net Cash From Financing Activities		 -321 538 10,424 -1,128 2,014 534 -627 -69 360 6,130 -2,690
Net Cash From Continuing Financing Activities		 -321 538 10,424 -1,128 2,014 534 -627 -69 360 6,130 -2,690
Repayment of Debt		 -920 -1,522 -5,323 -5,630 -2,601 -2,699 -3,118 -6,072 -989 -2,857 -6,609
Repurchase of Preferred Equity		 - - - - - 0.00 0.00 -391 -739 0.00 0.00
Payment of Dividends		 -1,564 -1,274 -1,351 -1,412 -1,432 -1,675 -2,639 -2,789 -2,501 -2,312 -3,338
Issuance of Debt		 1,676 3,312 10,086 6,476 5,170 4,713 4,351 9,570 3,164 7,260 6,872
Issuance of Common Equity		 108 59 5,925 397 877 195 881 116 1,408 3.03 76
Other Financing Activities, net		 - - - 0.00 0.00 0.00 -102 -7.83 17 4,036 310
Effect of Exchange Rate Changes		 0.00 81 -95 - 53 -4.62 -15 41 69 -12 146

Quarterly Cash Flow Statements for TC Energy

No quarterly cash flow statements for TC Energy are available.

Annual Balance Sheets for TC Energy

This table presents TC Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 50,390 46,563 65,524 68,423 72,486 76,512 78,626 81,567 84,502 94,708 82,113
Total Current Assets		 2,680 2,833 6,016 3,719 3,763 5,896 4,077 5,810 5,418 8,614 3,981
Cash & Equivalents		 421 615 756 865 327 1,035 1,199 527 458 2,786 556
Accounts Receivable		 1,131 1,003 1,544 2,004 1,858 1,867 1,695 3,372 2,678 1,838 1,813
Inventories, net		 251 234 274 300 316 348 493 567 692 584 519
Other Current Assets		 877 982 3,442 549 865 483 690 1,344 1,590 1,075 930
Other Current Nonoperating Assets		 - - - 0.00 398 2,163 - - - 2,331 163
Plant, Property, & Equipment, net		 35,968 32,405 40,538 45,517 48,732 50,471 54,697 54,928 56,119 52,606 53,820
Total Noncurrent Assets		 11,742 11,325 18,970 19,187 19,992 20,145 19,852 20,829 22,965 33,488 24,312
Long-Term Investments		 4,874 4,747 5,348 5,786 6,097 6,214 6,722 8,314 8,604 8,917 9,468
Noncurrent Note & Lease Receivables		 - - - - - 1,105 1,049 186 1,400 1,714 1,720
Goodwill		 3,473 3,479 10,387 10,398 10,389 9,932 9,939 9,847 9,491 9,493 9,493
Other Noncurrent Operating Assets		 1,117 856 984 1,824 2,098 2,894 2,142 2,481 3,470 3,947 3,536
Other Noncurrent Nonoperating Assets		 - - - - - - - - - 9,418 94
Total Liabilities & Shareholders' Equity		 50,390 46,563 65,524 68,423 72,486 76,512 78,626 81,567 84,502 94,708 82,113
Total Liabilities		 32,608 33,436 45,311 47,053 49,775 51,544 52,386 55,429 59,291 65,161 55,474
Total Current Liabilities		 6,526 5,323 5,715 7,849 9,487 9,941 9,397 10,207 12,494 8,951 7,299
Short-Term Debt		 3,671 2,722 1,944 3,679 4,561 5,399 4,819 5,076 6,030 2,225 2,321
Accounts Payable		 2,490 1,918 2,873 3,224 3,963 3,502 2,991 3,991 5,283 3,261 3,678
Dividends Payable		 - 278 391 466 489 568 623 688 687 742 607
Other Current Nonoperating Liabilities		 365 376 443 481 473 472 963 452 494 2,723 693
Total Noncurrent Liabilities		 26,082 28,113 39,596 39,204 40,289 41,603 42,990 45,223 46,796 56,210 48,175
Long-Term Debt		 21,673 23,555 32,316 31,477 32,255 33,057 34,030 36,221 37,053 45,647 38,906
Asset Retirement Reserve & Litigation Obligation		 226 838 1,578 3,434 2,880 2,907 3,252 3,365 3,340 3,562 3,683
Noncurrent Deferred & Payable Income Tax Liabilities		 4,182 3,719 5,702 4,294 4,416 4,395 4,551 4,807 5,652 5,281 4,781
Other Noncurrent Operating Liabilities		 - 0.00 - - 739 1,244 1,156 829 752 751 730
Other Noncurrent Nonoperating Liabilities		 - - - - - - - - - 970 76
Total Equity & Noncontrolling Interests		 17,782 13,127 19,336 21,370 22,711 24,968 25,932 26,138 25,211 29,547 26,639
Total Preferred & Common Equity		 16,419 11,885 18,051 19,898 21,498 23,708 24,613 26,040 25,118 22,385 19,161
Preferred Stock		 1,942 1,807 2,962 3,163 2,916 3,067 3,120 2,729 1,847 1,893 1,735
Total Common Equity		 14,478 10,079 15,089 16,735 18,582 20,641 21,493 23,311 23,272 20,492 17,426
Common Stock		 10,825 8,755 14,957 16,821 16,994 18,794 19,198 21,480 21,961 22,725 20,903
Retained Earnings		 4,717 2,002 847 1,290 2,032 3,048 4,207 2,953 605 -2,270 -3,640
Accumulated Other Comprehensive Income / (Loss)		 -1,063 -679 -714 -1,376 -444 -1,201 -1,912 -1,122 706 37 162
Noncontrolling Interest		 1,363 1,241 1,284 1,472 1,213 1,259 1,319 98 93 7,162 7,478

Quarterly Balance Sheets for TC Energy

No quarterly balance sheets for TC Energy are available.

Annual Metrics and Ratios for TC Energy

This table displays calculated financial ratios and metrics derived from TC Energy's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.03% -6.39% 13.75% 14.47% -6.21% 1.91% -0.25% 2.82% -13.18% 10.48% -4.84%
EBITDA Growth		 5.42% -76.15% 177.22% 85.08% 8.74% 21.44% -0.06% -31.06% -33.08% 81.81% 20.41%
EBIT Growth		 8.55% -108.35% 677.45% 158.38% 10.20% 26.21% -2.66% -42.65% -53.80% 186.08% 36.34%
NOPAT Growth		 -2.37% -105.41% 1,147.84% 135.85% 18.98% 19.66% 14.85% -47.12% -53.94% 211.47% 2.11%
Net Income Growth		 -4.49% -148.03% 143.79% 647.52% -4.48% 32.56% 12.73% -58.42% -63.77% 300.60% 60.74%
EPS Growth		 0.00% 0.00% 109.14% 1,603.63% 43.81% 8.93% 11.01% -60.76% -74.57% 340.38% 47.69%
Operating Cash Flow Growth		 5.34% -12.88% 19.00% 10.18% 15.57% 13.63% 1.37% -2.54% -12.64% 16.86% -2.92%
Free Cash Flow Firm Growth		 607.77% 104.46% -494.30% 107.93% -68.24% 620.77% -72.21% 97.84% -71.01% 1,277.76% -46.85%
Invested Capital Growth		 0.90% -9.16% 41.81% 3.29% 5.60% 2.58% 6.73% 1.67% 1.14% -3.33% 0.95%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 81.97% 80.30% 82.69% 82.29% 89.14% 97.25% 100.00% 99.35% 99.82% 99.40% 98.42%
EBITDA Margin		 49.29% 12.56% 30.61% 49.50% 57.39% 68.38% 68.51% 45.94% 35.41% 58.28% 73.74%
Operating Margin		 32.32% -1.89% 20.98% 24.39% 35.68% 43.65% 44.65% 23.39% 36.55% 44.37% 42.02%
EBIT Margin		 33.47% -2.99% 15.16% 34.22% 40.21% 49.79% 48.59% 27.10% 14.42% 37.34% 53.50%
Profit (Net Income) Margin		 19.57% -10.04% 3.87% 25.24% 25.71% 33.44% 37.80% 15.28% 6.38% 23.13% 39.06%
Tax Burden Percent		 70.57% 103.07% 57.95% 102.69% 89.06% 85.46% 96.20% 94.46% 165.61% 93.03% 91.08%
Interest Burden Percent		 82.84% 326.25% 44.01% 71.84% 71.80% 78.59% 80.86% 59.70% 26.70% 66.57% 80.17%
Effective Tax Rate		 29.43% 0.00% 42.06% -2.69% 10.94% 14.54% 3.80% 5.54% 67.93% 25.53% 15.61%
Return on Invested Capital (ROIC)		 5.26% -0.30% 2.71% 5.35% 6.10% 7.01% 7.69% 3.91% 1.77% 5.59% 5.78%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.81% -3.71% -0.30% 5.42% 4.08% 5.72% 6.01% 1.75% 0.36% 2.48% 6.91%
Return on Net Nonoperating Assets (RNNOA)		 4.09% -5.04% -0.48% 7.90% 5.60% 7.32% 7.35% 2.21% 0.48% 2.90% 7.52%
Return on Equity (ROE)		 9.35% -5.33% 2.22% 13.26% 11.69% 14.33% 15.04% 6.11% 2.26% 8.49% 13.30%
Cash Return on Invested Capital (CROIC)		 4.36% 9.30% -31.87% 2.12% 0.64% 4.47% 1.19% 2.25% 0.64% 8.97% 4.83%
Operating Return on Assets (OROA)		 5.81% -0.51% 2.53% 5.46% 5.72% 6.83% 6.38% 3.55% 1.58% 4.19% 5.79%
Return on Assets (ROA)		 3.40% -1.70% 0.64% 4.03% 3.66% 4.59% 4.97% 2.00% 0.70% 2.59% 4.23%
Return on Common Equity (ROCE)		 7.69% -4.24% 1.72% 10.36% 9.37% 11.79% 12.38% 5.23% 2.05% 6.78% 8.97%
Return on Equity Simple (ROE_SIMPLE)		 10.45% -6.94% 2.00% 13.56% 11.99% 14.41% 15.65% 6.15% 2.31% 10.38% 19.49%
Net Operating Profit after Tax (NOPAT)		 2,000 -108 1,135 2,677 3,185 3,811 4,377 2,315 1,066 3,321 3,391
NOPAT Margin		 22.81% -1.32% 12.16% 25.05% 31.77% 37.31% 42.95% 22.09% 11.72% 33.04% 35.46%
Net Nonoperating Expense Percent (NNEP)		 1.45% 3.41% 3.01% -0.07% 2.01% 1.29% 1.68% 2.16% 1.41% 3.11% -1.13%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 1.56% 4.29% 5.00%
Cost of Revenue to Revenue		 18.03% 19.70% 17.31% 17.71% 10.86% 2.75% 0.00% 0.65% 0.18% 0.60% 1.58%
SG&A Expenses to Revenue		 29.19% 29.09% 30.77% 29.04% 26.27% 29.52% 29.83% 30.61% 34.35% 30.70% 32.05%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 49.65% 82.18% 61.71% 57.90% 53.46% 53.59% 55.35% 75.96% 63.27% 55.02% 56.41%
Earnings before Interest and Taxes (EBIT)		 2,935 -245 1,415 3,657 4,030 5,086 4,951 2,839 1,312 3,752 5,116
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4,322 1,031 2,858 5,290 5,752 6,985 6,981 4,813 3,221 5,857 7,052
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.44 1.44 1.37 1.71 1.20 3.46 2.74 3.06 2.57 3.18 5.42
Price to Tangible Book Value (P/TBV)		 2.40 3.33 8.46 5.54 3.29 6.67 5.10 5.30 4.33 5.93 11.91
Price to Revenue (P/Rev)		 2.38 1.77 2.22 2.67 2.23 7.00 5.79 6.81 6.56 6.49 9.88
Price to Earnings (P/E)		 13.93 0.00 224.56 12.00 8.61 23.33 16.87 50.26 126.05 30.43 29.61
Dividend Yield		 5.83% 7.78% 5.84% 5.89% 6.42% 5.75% 7.52% 7.13% 8.81% 8.49% 17.36%
Earnings Yield		 7.18% 0.00% 0.45% 8.33% 11.62% 4.29% 5.93% 1.99% 0.79% 3.29% 3.38%
Enterprise Value to Invested Capital (EV/IC)		 1.16 1.11 1.08 1.21 1.06 1.94 1.61 1.79 1.58 1.89 2.29
Enterprise Value to Revenue (EV/Rev)		 5.05 4.69 5.69 5.78 5.67 10.48 9.29 10.18 10.52 10.99 14.10
Enterprise Value to EBITDA (EV/EBITDA)		 10.24 37.30 18.59 11.67 9.88 15.32 13.55 22.16 29.70 18.86 19.13
Enterprise Value to EBIT (EV/EBIT)		 15.08 0.00 37.53 16.88 14.10 21.04 19.11 37.57 72.93 29.43 26.36
Enterprise Value to NOPAT (EV/NOPAT)		 22.12 0.00 46.81 23.06 17.85 28.08 21.62 46.08 89.73 33.26 39.78
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.16 12.13 14.08 14.85 11.83 19.61 17.10 19.78 20.31 20.06 25.24
Enterprise Value to Free Cash Flow (EV/FCFF)		 26.68 11.34 0.00 58.22 168.79 44.09 140.26 79.92 247.23 20.72 47.60
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.43 2.00 1.77 1.65 1.62 1.54 1.48 1.58 1.71 1.62 1.55
Long-Term Debt to Equity		 1.22 1.79 1.67 1.47 1.42 1.32 1.30 1.39 1.47 1.54 1.46
Financial Leverage		 1.07 1.36 1.58 1.46 1.37 1.28 1.22 1.26 1.34 1.17 1.09
Leverage Ratio		 2.75 3.14 3.45 3.29 3.20 3.13 3.03 3.06 3.23 3.27 3.15
Compound Leverage Factor		 2.28 10.23 1.52 2.36 2.30 2.46 2.45 1.83 0.86 2.18 2.52
Debt to Total Capital		 58.77% 66.69% 63.92% 62.19% 61.85% 60.63% 59.69% 61.24% 63.08% 61.84% 60.75%
Short-Term Debt to Total Capital		 8.51% 6.91% 3.63% 6.51% 7.66% 8.51% 7.40% 7.53% 8.83% 2.87% 3.42%
Long-Term Debt to Total Capital		 50.25% 59.78% 60.30% 55.69% 54.19% 52.12% 52.28% 53.71% 54.25% 58.96% 57.33%
Preferred Equity to Total Capital		 4.50% 4.59% 5.53% 5.60% 4.90% 4.84% 4.79% 4.05% 2.70% 2.45% 2.56%
Noncontrolling Interests to Total Capital		 3.16% 3.15% 2.40% 2.60% 2.04% 1.99% 2.50% 0.15% 0.14% 9.25% 11.02%
Common Equity to Total Capital		 33.57% 25.58% 28.15% 29.61% 31.22% 32.54% 33.02% 34.57% 34.08% 26.47% 25.68%
Debt to EBITDA		 5.86 25.49 11.99 6.65 6.40 5.51 5.56 8.58 13.37 8.17 5.85
Net Debt to EBITDA		 4.64 20.29 9.85 5.39 5.28 4.47 4.43 6.74 10.56 6.18 4.42
Long-Term Debt to EBITDA		 5.01 22.85 11.31 5.95 5.61 4.73 4.87 7.53 11.50 7.79 5.52
Debt to NOPAT		 12.67 -242.61 30.19 13.13 11.56 10.09 8.88 17.84 40.41 14.42 12.16
Net Debt to NOPAT		 10.02 -193.11 24.81 10.65 9.54 8.19 7.07 14.02 31.91 10.89 9.20
Long-Term Debt to NOPAT		 10.83 -217.48 28.47 11.76 10.13 8.67 7.77 15.65 34.75 13.75 11.47
Altman Z-Score		 0.79 0.42 0.51 0.65 0.54 1.18 1.01 1.00 0.67 0.80 1.23
Noncontrolling Interest Sharing Ratio		 17.77% 20.55% 22.47% 21.82% 19.88% 17.74% 17.72% 14.46% 9.28% 20.08% 32.51%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.41 0.53 1.05 0.47 0.40 0.59 0.43 0.57 0.43 0.96 0.55
Quick Ratio		 0.24 0.30 0.40 0.37 0.23 0.29 0.31 0.38 0.25 0.52 0.32
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,659 3,391 -13,371 1,060 337 2,427 675 1,335 387 5,331 2,834
Operating Cash Flow to CapEx		 128.33% 111.89% 101.36% 193.70% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 1.61 3.42 -8.99 0.64 0.20 1.35 0.39 0.72 0.23 2.37 1.35
Operating Cash Flow to Interest Expense		 3.53 3.20 2.54 2.53 2.89 3.04 3.17 2.92 2.77 2.45 2.55
Operating Cash Flow Less CapEx to Interest Expense		 0.78 0.34 0.03 1.22 3.17 4.06 4.70 2.93 2.77 2.46 2.81
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.17 0.17 0.17 0.16 0.14 0.14 0.13 0.13 0.11 0.11 0.11
Accounts Receivable Turnover		 8.03 7.70 7.33 6.02 5.19 5.49 5.72 4.14 3.01 4.45 5.24
Inventory Turnover		 6.49 6.67 6.37 6.59 3.53 0.85 0.00 0.13 0.03 0.10 0.27
Fixed Asset Turnover		 0.25 0.24 0.26 0.25 0.21 0.21 0.19 0.19 0.16 0.18 0.18
Accounts Payable Turnover		 0.70 0.73 0.67 0.62 0.30 0.08 0.00 0.02 0.00 0.01 0.04
Days Sales Outstanding (DSO)		 45.48 47.43 49.78 60.59 70.31 66.53 63.78 88.26 121.39 82.02 69.68
Days Inventory Outstanding (DIO)		 56.27 54.72 57.29 55.36 103.28 430.90 0.00 2,840.30 14,125.35 3,842.02 1,335.50
Days Payable Outstanding (DPO)		 521.37 497.39 541.01 587.84 1,204.52 4,843.04 0.00 18,713.81 104,102.17 25,731.72 8,403.96
Cash Conversion Cycle (CCC)		 -419.62 -395.24 -433.93 -471.89 -1,030.93 -4,345.60 63.78 -15,785.24 -89,855.43 -21,807.68 -6,998.77
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 38,197 34,697 49,203 50,820 53,668 55,052 58,754 59,734 60,413 58,403 58,960
Invested Capital Turnover		 0.23 0.23 0.22 0.21 0.19 0.19 0.18 0.18 0.15 0.17 0.16
Increase / (Decrease) in Invested Capital		 342 -3,499 14,506 1,617 2,848 1,384 3,702 980 679 -2,011 557
Enterprise Value (EV)		 44,258 38,459 53,124 61,722 56,842 107,009 94,629 106,672 95,668 110,438 134,881
Market Capitalization		 20,904 14,494 20,721 28,583 22,320 71,476 58,954 71,388 59,707 65,214 94,466
Book Value per Share		 $20.47 $14.22 $21.48 $19.37 $21.08 $11.43 $11.68 $12.65 $12.12 $10.29 $8.58
Tangible Book Value per Share		 $12.34 $6.15 $3.49 $5.97 $7.70 $5.93 $6.28 $7.31 $7.17 $5.52 $3.91
Total Capital		 43,127 39,405 53,595 56,525 59,526 63,423 65,089 67,435 68,294 77,419 67,865
Total Debt		 25,345 26,278 34,260 35,155 36,815 38,456 38,850 41,298 43,083 47,872 41,226
Total Long-Term Debt		 21,673 23,555 32,316 31,477 32,255 33,057 34,030 36,221 37,053 45,647 38,906
Net Debt		 20,049 20,916 28,156 28,504 30,392 31,207 30,928 32,457 34,021 36,170 31,202
Capital Expenditures (CapEx)		 2,835 2,833 3,722 2,146 -450 -1,848 -2,671 -27 0.00 -25 -549
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -596 -382 1,488 -1,317 -1,490 319 -1,700 153 -1,504 -898 -1,553
Debt-free Net Working Capital (DFNWC)		 -175 232 2,244 -451 -1,163 1,354 -500 679 -1,046 1,888 -997
Net Working Capital (NWC)		 -3,846 -2,490 301 -4,130 -5,724 -4,044 -5,320 -4,397 -7,076 -337 -3,318
Net Nonoperating Expense (NNE)		 284 716 774 -21 608 395 526 713 486 997 -345
Net Nonoperating Obligations (NNO)		 20,414 21,571 29,868 29,450 30,957 30,084 32,514 33,596 35,202 28,855 32,321
Total Depreciation and Amortization (D&A)		 1,387 1,276 1,443 1,633 1,722 1,899 2,030 1,974 1,910 2,104 1,936
Debt-free, Cash-free Net Working Capital to Revenue		 -6.79% -4.66% 15.94% -12.32% -14.86% 3.12% -16.68% 1.46% -16.53% -8.93% -16.24%
Debt-free Net Working Capital to Revenue		 -1.99% 2.83% 24.04% -4.22% -11.60% 13.26% -4.91% 6.48% -11.50% 18.79% -10.43%
Net Working Capital to Revenue		 -43.86% -30.34% 3.22% -38.64% -57.10% -39.59% -52.20% -41.97% -77.79% -3.35% -34.70%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $3.44 $3.92 $3.30 $4.74 $1.87 $0.64 $2.75 $3.08
Adjusted Weighted Average Basic Shares Outstanding		 708M 709M 759M 872M 902M 929M 940M 973M 995M 1.03B 1.04B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $3.43 $3.92 $3.29 $4.74 $1.86 $0.64 $2.75 $3.08
Adjusted Weighted Average Diluted Shares Outstanding		 710M 709M 760M 874M 903M 931M 940M 974M 996M 1.03B 1.04B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 708.56M 702.61M 863.76M 881.38M 1.81B 1.84B 1.84B 1.92B 1.99B 2.03B 2.03B
Normalized Net Operating Profit after Tax (NOPAT)		 2,000 1,787 1,733 2,524 3,708 3,811 4,377 4,366 2,623 3,321 3,391
Normalized NOPAT Margin		 22.81% 21.77% 18.57% 23.61% 36.99% 37.31% 42.95% 41.67% 28.83% 33.04% 35.46%
Pre Tax Income Margin		 27.73% -9.74% 6.67% 24.58% 28.87% 39.13% 39.29% 16.18% 3.85% 24.86% 42.89%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.85 -0.25 0.95 2.22 2.43 2.83 2.83 1.54 0.77 1.67 2.44
NOPAT to Interest Expense		 1.94 -0.11 0.76 1.63 1.92 2.12 2.51 1.25 0.63 1.48 1.62
EBIT Less CapEx to Interest Expense		 0.10 -3.11 -1.55 0.92 2.70 3.86 4.36 1.55 0.77 1.68 2.70
NOPAT Less CapEx to Interest Expense		 -0.81 -2.97 -1.74 0.32 2.19 3.15 4.04 1.27 0.63 1.49 1.88
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 91.17% -154.56% 374.23% 52.34% 55.56% 49.04% 68.53% 174.14% 431.21% 99.48% 89.37%
Augmented Payout Ratio		 91.17% -180.35% 377.11% 87.84% 55.56% 49.04% 68.53% 205.08% 431.21% 99.48% 89.37%

Quarterly Metrics and Ratios for TC Energy

No quarterly metrics and ratios for TC Energy are available.

Frequently Asked Questions About TC Energy's Financials

When does TC Energy's fiscal year end?

According to the most recent income statement we have on file, TC Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has TC Energy's net income changed over the last 10 years?

TC Energy's net income appears to be on an upward trend, with a most recent value of $3.74 billion in 2024, rising from $1.72 billion in 2014. The previous period was $2.32 billion in 2023. View TC Energy's forecast to see where analysts expect TC Energy to go next.

What is TC Energy's operating income?
TC Energy's total operating income in 2024 was $4.02 billion, based on the following breakdown:
  • Total Gross Profit: $9.41 billion
  • Total Operating Expenses: $5.39 billion
How has TC Energy revenue changed over the last 10 years?

Over the last 10 years, TC Energy's total revenue changed from $8.77 billion in 2014 to $9.56 billion in 2024, a change of 9.1%.

How much debt does TC Energy have?

TC Energy's total liabilities were at $55.47 billion at the end of 2024, a 14.9% decrease from 2023, and a 70.1% increase since 2014.

How much cash does TC Energy have?

In the past 10 years, TC Energy's cash and equivalents has ranged from $326.82 million in 2018 to $2.79 billion in 2023, and is currently $556.25 million as of their latest financial filing in 2024.

How has TC Energy's book value per share changed over the last 10 years?

Over the last 10 years, TC Energy's book value per share changed from 20.47 in 2014 to 8.58 in 2024, a change of -58.1%.


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This page (NYSE:TRP) was last updated on 5/6/2025 by MarketBeat.com Staff
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