Pembina Pipeline Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	149	141	137	94	43	81
Trading Asset Securities	-	-	-	-	1	-
Cash & Short-Term Investments	149	141	137	94	44	81
Cash Growth	43.27%	2.92%	45.75%	113.64%	-45.68%	-37.21%
Accounts Receivable	868	844	698	696	743	578
Other Receivables	-	239	1,356	166	37	60
Receivables	868	1,083	2,054	862	780	638
Inventory	304	301	333	269	376	221
Prepaid Expenses	-	35	28	32	32	24
Other Current Assets	15	13	81	105	13	25
Total Current Assets	1,336	1,573	2,633	1,362	1,245	989
Property, Plant & Equipment	23,153	23,268	16,321	16,036	18,774	19,200
Long-Term Investments	4,194	4,267	6,987	7,382	4,630	4,377
Goodwill	4,999	5,024	4,551	4,557	4,693	4,694
Other Intangible Assets	1,403	1,504	1,514	1,574	1,545	1,646
Long-Term Accounts Receivable	241	223	230	219	211	138
Long-Term Deferred Tax Assets	-	-	285	261	257	322
Other Long-Term Assets	119	108	97	96	101	50
Total Assets	35,445	35,967	32,618	31,487	31,456	31,416
Accounts Payable	1,244	530	555	571	625	434
Current Portion of Long-Term Debt	1,093	1,525	650	600	1,000	601
Current Portion of Leases	85	89	77	79	88	99
Current Income Taxes Payable	-	-	-	-	-	56
Current Unearned Revenue	47	43	33	56	71	62
Other Current Liabilities	30	721	1,906	752	606	529
Total Current Liabilities	2,499	2,908	3,221	2,058	2,390	1,781
Long-Term Debt	11,540	11,131	9,849	10,000	10,239	10,276
Long-Term Leases	572	576	567	596	635	675
Long-Term Unearned Revenue	144	255	126	138	220	230
Long-Term Deferred Tax Liabilities	2,897	2,868	2,623	2,507	3,011	2,925
Other Long-Term Liabilities	792	719	419	399	598	514
Total Liabilities	18,444	18,457	16,805	15,698	17,093	16,401
Common Stock	17,015	17,008	15,765	15,793	15,678	15,644
Retained Earnings	-2,426	-2,303	-2,372	-2,613	-3,920	-3,637
Comprehensive Income & Other	456	641	221	341	28	2
Total Common Equity	15,045	15,346	13,614	13,521	11,786	12,009
Minority Interest	-	-	-	60	60	60
Shareholders' Equity	17,001	17,510	15,813	15,789	14,363	15,015
Total Liabilities & Equity	35,445	35,967	32,618	31,487	31,456	31,416
Total Debt	13,290	13,321	11,143	11,275	11,962	11,651
Net Cash (Debt)	-13,141	-13,180	-11,006	-11,181	-11,918	-11,570
Net Cash Per Share	-22.57	-22.96	-19.97	-20.18	-21.63	-21.04
Filing Date Shares Outstanding	581.05	580.6	549.47	550.34	550.34	549.95
Total Common Shares Outstanding	581	581	549	550	550	549.94
Working Capital	-1,163	-1,335	-588	-696	-1,145	-792
Book Value Per Share	25.90	26.41	24.80	24.58	21.43	21.84
Tangible Book Value	8,643	8,818	7,549	7,390	5,548	5,669
Tangible Book Value Per Share	14.88	15.18	13.75	13.44	10.09	10.31
Land	686	694	480	481	456	429
Construction In Progress	879	565	588	367	915	1,109

Source: S&P Global Market Intelligence. Standard template. Financial Sources.