← PEMBINA PIPELINE CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation and amortization | $293.0m | $382.0m | $417.0m | $511.0m | $700.0m | $723.0m | $683.0m | $663.0m | $862.0m | $987.0m | |
| Share-based compensation expense (Note 21) | ($20.0m) | ($22.0m) | ($32.0m) | ($50.0m) | ($45.0m) | ($32.0m) | ($45.0m) | ($77.0m) | $84.0m | $94.0m | |
| Share-based compensation payment | — | — | — | — | — | — | — | ($77.0m) | ($91.0m) | ($89.0m) | |
| Income tax expense (recovery) (Note 11) | $189.0m | $142.0m | $464.0m | $36.0m | ($100.0m) | $423.0m | $248.0m | $413.0m | ($154.0m) | $513.0m | |
| Changes in non-cash investing working capital and other | $62.0m | ($64.0m) | $87.0m | $48.0m | ($183.0m) | $18.0m | ($86.0m) | $36.0m | ($42.0m) | $20.0m | |
| Earnings attributable to common shareholders | $466.0m | $891.0m | $1.3b | $1.5b | ($316.0m) | $1.2b | $3.0b | $1.8b | $1.9b | $1.7b | |
| Share of profit from equity accounted investees (Note 10) | ($1.0m) | ($116.0m) | ($411.0m) | ($370.0m) | ($282.0m) | ($281.0m) | ($361.0m) | ($316.0m) | ($328.0m) | ($209.0m) | |
| Loss on acquisition | — | — | — | — | — | — | — | $0 | $616.0m | $0 | |
| Unrealized loss from derivative instruments (Note 23) | — | — | — | — | — | — | — | $32.0m | $170.0m | $37.0m | |
| Net finance costs (Note 19) | $153.0m | $185.0m | $279.0m | $294.0m | $420.0m | $450.0m | $486.0m | $466.0m | $561.0m | $602.0m | |
| Gain on asset disposal | $10.0m | $12.0m | $19.0m | ($1.0m) | — | — | $9.0m | ($20.0m) | ($27.0m) | ($113.0m) | |
| Derecognition of insurance contract provision | — | — | — | — | — | — | — | $0 | ($34.0m) | $0 | |
| Distributions from equity accounted investees (Note 10) | $13.0m | $157.0m | $622.0m | $575.0m | $459.0m | $461.0m | $673.0m | $819.0m | $626.0m | $544.0m | |
| Change in non-cash operating working capital | ($36.0m) | ($18.0m) | ($83.0m) | $106.0m | ($93.0m) | ($100.0m) | $177.0m | ($210.0m) | ($43.0m) | $221.0m | |
| Net change in contract liabilities (Note 18) | — | $41.0m | $11.0m | ($30.0m) | ($1.0m) | — | $0 | ($33.0m) | ($3.0m) | ($24.0m) | |
| Other | — | $0 | ($13.0m) | $0 | ($14.0m) | $36.0m | ($5.0m) | ($36.0m) | $7.0m | ($27.0m) | |
| Cash flow from operating activities | $1.1b | $1.5b | $2.3b | $2.5b | $2.3b | $2.6b | $2.9b | $2.6b | $3.2b | $3.3b | |
| Net increase (decrease) in bank borrowings (Note 14) | — | — | — | — | — | ($623.0m) | $339.0m | $14.0m | ($274.0m) | $191.0m | |
| Proceeds from subscription receipts (Note 16) | — | — | — | — | — | — | — | $0 | $1.2b | $0 | |
| Repayment of lease liability | — | — | — | ($68.0m) | ($94.0m) | ($87.0m) | ($85.0m) | ($76.0m) | ($78.0m) | ($84.0m) | |
| Issuance of common shares on exercise of options | $16.0m | $46.0m | $61.0m | $151.0m | $88.0m | $16.0m | $310.0m | $1.0m | $11.0m | $6.0m | |
| Redemption of preferred shares (Note 16) | — | — | — | — | $0 | ($420.0m) | ($300.0m) | $0 | $0 | ($451.0m) | |
| Distributions to non-controlling interest | — | — | — | — | — | — | — | $0 | ($12.0m) | $0 | |
| Purchase of non-controlling interest | — | — | — | — | — | — | — | $0 | ($220.0m) | $0 | |
| Cash flow (used in) from financing activities | $1.2b | $2.1b | ($1.1b) | $1.4b | ($809.0m) | ($1.7b) | ($2.7b) | ($1.8b) | $678.0m | ($2.2b) | |
| Contributions to equity accounted investees (Note 10) | ($2.0m) | ($7.0m) | ($58.0m) | ($206.0m) | ($202.0m) | ($335.0m) | ($95.0m) | ($265.0m) | ($371.0m) | ($410.0m) | |
| Acquisition | ($566.0m) | ($1.3b) | $0 | ($2.0b) | $0 | ($41.0m) | $0 | $0 | ($2.6b) | $0 | |
| Proceeds from sale of assets | — | — | — | — | — | $0 | $31.0m | $17.0m | $38.0m | $139.0m | |
| Advances to related parties (Note 26) | $0 | ($23.0m) | ($84.0m) | ($63.0m) | ($32.0m) | ($9.0m) | — | — | $0 | ($27.0m) | |
| Return of capital from equity accounted investees (Note 10) | — | — | — | — | — | — | $0 | $61.0m | $63.0m | $0 | |
| Cash flow used in investing activities | ($2.3b) | ($3.3b) | ($1.3b) | ($3.9b) | ($1.5b) | ($1.0b) | ($154.0m) | ($789.0m) | ($3.9b) | ($1.1b) | |
| Capital expenditures | ($1.7b) | ($1.8b) | ($1.2b) | ($1.6b) | ($1.0b) | ($658.0m) | ($605.0m) | ($606.0m) | ($955.0m) | ($784.0m) | |
| Proceeds from issuance of long-term debt, net of issue costs (Note 14) | $650.0m | $2.5b | $1.4b | $2.2b | $1.6b | $1.6b | $0 | $490.0m | $2.7b | $1.0b | |
| Repayment of long-term debt | — | — | — | — | ($273.0m) | ($600.0m) | ($1.0b) | ($600.0m) | ($1.0b) | ($1.2b) | |
| Dividends paid | ($351.0m) | ($781.0m) | ($1.2b) | ($1.3b) | ($1.5b) | ($1.5b) | ($1.7b) | ($1.6b) | ($1.7b) | ($1.8b) | |
| Effect of movement in exchange rates on cash held | — | $0 | $17.0m | ($1.0m) | ($8.0m) | $16.0m | $9.0m | ($2.0m) | $11.0m | ($3.0m) | |
| Change in cash and cash equivalents | $7.0m | $286.0m | ($181.0m) | ($27.0m) | ($40.0m) | ($54.0m) | $55.0m | $46.0m | ($21.0m) | ($32.0m) | |
| Cash and cash equivalents, beginning of period | $35.0m | $321.0m | $157.0m | $129.0m | $81.0m | $43.0m | $107.0m | $151.0m | $141.0m | $106.0m | |
| Net interest paid (Note 19) | ($91.0m) | ($153.0m) | ($259.0m) | ($269.0m) | ($383.0m) | ($418.0m) | ($447.0m) | ($447.0m) | ($502.0m) | ($583.0m) | |
| Interest paid during construction (Note 19) | ($72.0m) | ($63.0m) | ($35.0m) | ($42.0m) | ($46.0m) | ($25.0m) | ($21.0m) | ($15.0m) | ($26.0m) | ($28.0m) | |
| Taxes paid | ($3.0m) | ($30.0m) | ($26.0m) | ($141.0m) | ($295.0m) | ($355.0m) | ($334.0m) | ($236.0m) | ($404.0m) | ($346.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.