TC Energy Corporation (TRP)

TC Energy Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	15,934	14,977	13,387	12,999	13,255
Revenue Growth (YoY)	6.39%	11.88%	2.98%	-1.93%	-3.10%
Cost of Revenue	5,404	5,466	4,185	3,878	4,278
Gross Profit	10,530	9,511	9,202	9,121	8,977
Other Operating Expenses	3,671	3,885	6,041	3,367	3,191
Operating Expenses	3,671	3,885	6,041	3,367	3,191
Operating Income	6,859	5,626	3,161	5,754	5,786
Interest Expense / Income	3,263	2,588	2,360	2,228	2,333
Other Expense / Income	-268	1,701	-1,274	-1,284	-1,441
Pretax Income	3,864	1,337	2,075	4,810	4,894
Income Tax	942	589	120	194	754
Net Income	2,922	748	1,955	4,616	4,140
Preferred Dividends	93	107	140	159	164
Net Income Common	2,829	641	1,815	4,457	3,976
Net Income Growth	341.34%	-64.68%	-59.28%	12.10%	12.35%
Shares Outstanding (Basic)	1,030	995	973	940	929
Shares Outstanding (Diluted)	1,030	996	974	940	931
Shares Change	3.41%	2.26%	3.62%	0.97%	3.10%
EPS (Basic)	2.75	0.64	1.87	4.74	4.28
EPS (Diluted)	2.75	0.64	1.86	4.74	4.27
EPS Growth	329.69%	-65.59%	-60.76%	11.01%	8.93%
Free Cash Flow	-881	-352	966	-1,077	-1,100
Free Cash Flow Per Share	-0.85	-0.35	0.99	-1.15	-1.18
Dividend Per Share	2.780	2.740	2.764	2.857	3.000
Dividend Growth	1.46%	-0.87%	-3.26%	-4.77%	43.13%
Gross Margin	66.09%	63.50%	68.74%	70.17%	67.73%
Operating Margin	43.05%	37.56%	23.61%	44.26%	43.65%
Profit Margin	17.75%	4.28%	13.56%	34.29%	30.00%
Free Cash Flow Margin	-5.53%	-2.35%	7.22%	-8.29%	-8.30%
Effective Tax Rate	24.38%	44.05%	5.78%	4.03%	15.41%
EBITDA	9,905	6,509	6,957	9,628	9,691
EBITDA Margin	62.16%	43.46%	51.97%	74.07%	73.11%
Depreciation & Amortization	2,778	2,584	2,522	2,590	2,464
EBIT	7,127	3,925	4,435	7,038	7,227
EBIT Margin	44.73%	26.21%	33.13%	54.14%	54.52%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).