Pembina Pipeline Corp
TSX:PPL

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Pembina Pipeline Corp
TSX:PPL
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Price: 53.36 CAD 0.43% Market Closed
Market Cap: 31B CAD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+23%
5Y
+51%
10Y
+369%
Investing Cash Flow
+
3Y
-135%
5Y
+72%
10Y
+52%
Financing Cash Flow
+
3Y
-5%
5Y
-
10Y
-

Cash Flow Statement
Pembina Pipeline Corp

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Cash Flow Statement
Currency: CAD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
40
52
54
57
60
56
52
57
48
54
50
49
60
56
59
64
70
76
79
83
89
103
121
135
142
141
148
158
162
158
152
148
162
186
188
174
176
166
176
176
166
156
188
189
225
283
296
337
351
407
391
394
383
356
322
360
406
388
458
465
466
574
578
569
883
1 003
1 132
1 355
1 278
1 261
1 679
1 715
1 492
1 493
1 082
1 030
(316)
(310)
(309)
(39)
1 242
1 403
1 567
2 808
2 971
2 859
2 804
1 321
1 776
1 845
1 961
2 000
1 874
1 938
1 876
1 777
Depreciation & Amortization
82
78
74
72
68
70
71
74
77
80
84
83
84
83
82
84
85
86
87
86
86
80
75
71
67
68
69
70
72
74
77
76
70
67
62
61
63
62
63
66
70
78
116
150
180
201
181
177
171
182
200
206
226
229
234
249
263
273
286
294
293
310
324
341
382
395
413
428
417
445
463
480
511
563
618
671
700
698
710
711
723
725
735
701
683
661
629
647
663
664
738
805
862
939
956
966
Change in Deffered Taxes
(25)
(24)
(18)
(21)
(22)
(23)
(25)
(25)
(29)
(36)
(36)
(34)
(33)
(28)
(27)
(28)
(29)
(28)
(27)
(23)
(24)
(21)
(22)
(24)
(23)
(20)
(4)
8
11
12
5
1
(4)
(8)
(6)
(14)
(8)
8
21
36
39
36
49
48
75
90
86
110
0
79
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
1
1
1
1
1
1
1
1
0
0
1
4
14
15
18
19
12
19
16
15
17
17
22
25
23
34
41
46
67
39
42
39
0
25
46
50
61
46
0
41
41
73
0
58
61
63
0
0
0
16
0
0
0
0
0
25
45
68
70
70
55
81
100
0
75
77
76
96
132
91
100
80
0
Other Non-Cash Items
0
0
0
0
0
1
2
3
(0)
(0)
(1)
(2)
1
(0)
(1)
(3)
(9)
(10)
(8)
(10)
(2)
2
(1)
5
6
5
(13)
(36)
(37)
(37)
(16)
7
0
21
46
83
101
98
103
106
122
136
76
99
108
139
203
193
339
377
456
530
381
344
360
304
328
349
338
363
446
409
450
524
449
562
768
814
929
1 059
609
584
833
787
1 209
1 257
2 639
2 670
2 628
2 731
1 558
1 589
1 569
51
(121)
(122)
(146)
1 462
1 122
1 130
1 215
1 186
1 430
1 436
1 377
1 443
Cash Taxes Paid
0
0
0
0
0
0
1
1
2
1
2
2
2
3
2
1
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
45
58
70
81
111
125
141
137
62
0
6
3
16
26
28
30
37
43
44
26
77
89
105
141
256
242
314
295
236
291
270
355
380
397
396
334
229
209
215
236
388
413
401
404
267
241
209
Cash Interest Paid
0
0
0
0
0
5
10
15
20
10
30
30
42
51
44
43
41
41
36
37
32
38
34
39
45
46
47
51
48
47
47
46
47
49
57
55
58
57
65
71
80
87
101
108
118
111
112
105
115
120
120
130
120
132
128
136
147
155
164
165
163
174
173
189
216
243
264
294
294
310
306
306
311
335
359
411
429
434
441
448
443
452
466
450
468
470
463
468
462
451
460
506
528
593
605
608
Change in Working Capital
(5)
(8)
1
5
1
10
(9)
(8)
(6)
(1)
11
10
6
9
7
5
(5)
(5)
(8)
(16)
(5)
(17)
(11)
(5)
(3)
8
29
6
11
(5)
(35)
(16)
(4)
(17)
(19)
(29)
(75)
(69)
(117)
(117)
(112)
(130)
(177)
(192)
(228)
(186)
(127)
(221)
(176)
(248)
(266)
(214)
(190)
(248)
(203)
(201)
(196)
(58)
(66)
(46)
(128)
(161)
(131)
(158)
(201)
(275)
(387)
(492)
(368)
(399)
(327)
(301)
(304)
(509)
(594)
(744)
(771)
(760)
(789)
(684)
(873)
(868)
(1 149)
(837)
(604)
(666)
(359)
(772)
(926)
(1 026)
(1 000)
(799)
(952)
(695)
(755)
(844)
Cash from Operating Activities
93
N/A
98
+6%
110
+12%
114
+3%
107
-6%
113
+6%
91
-19%
100
+9%
90
-10%
97
+8%
108
+12%
105
-3%
118
+12%
120
+2%
122
+1%
122
+1%
112
-8%
120
+7%
122
+2%
120
-1%
144
+20%
147
+2%
163
+11%
182
+12%
190
+4%
202
+6%
228
+13%
205
-10%
220
+7%
202
-8%
183
-9%
216
+18%
225
+4%
250
+11%
270
+8%
275
+2%
257
-6%
265
+3%
245
-8%
266
+9%
286
+7%
276
-3%
251
-9%
294
+17%
360
+22%
527
+46%
640
+21%
596
-7%
685
+15%
714
+4%
732
+2%
833
+14%
800
-4%
659
-18%
713
+8%
712
0%
801
+13%
952
+19%
1 016
+7%
1 076
+6%
1 077
+0%
1 132
+5%
1 221
+8%
1 276
+5%
1 513
+19%
1 685
+11%
1 926
+14%
2 105
+9%
2 256
+7%
2 366
+5%
2 424
+2%
2 478
+2%
2 532
+2%
2 334
-8%
2 315
-1%
2 214
-4%
2 252
+2%
2 298
+2%
2 240
-3%
2 719
+21%
2 650
-3%
2 849
+8%
2 722
-4%
2 723
+0%
2 929
+8%
2 732
-7%
2 928
+7%
2 658
-9%
2 635
-1%
2 613
-1%
2 914
+12%
3 192
+10%
3 214
+1%
3 618
+13%
3 454
-5%
3 342
-3%
Investing Cash Flow
Capital Expenditures
(12)
(13)
(16)
(20)
(29)
(27)
(24)
(23)
(17)
(20)
(24)
(21)
(58)
(61)
(65)
(95)
(80)
(110)
(142)
(129)
(169)
(212)
(235)
(276)
(300)
(314)
(331)
(290)
(224)
(162)
(114)
(116)
(144)
(131)
(122)
(132)
(186)
(373)
(437)
(486)
(477)
(325)
(367)
(428)
(584)
(666)
(758)
(859)
(880)
(1 030)
(1 105)
(1 204)
(1 412)
(1 623)
(1 712)
(1 846)
(1 811)
(1 688)
(1 681)
(1 740)
(1 745)
(2 079)
(2 174)
(1 978)
(1 839)
(1 454)
(1 234)
(1 184)
(1 226)
(1 263)
(1 442)
(1 572)
(1 645)
(1 767)
(1 544)
(1 297)
(1 029)
(673)
(608)
(643)
(658)
(710)
(716)
(638)
(605)
(563)
(534)
(572)
(606)
(655)
(797)
(890)
(955)
(943)
(875)
(791)
Other Items
(222)
(222)
0
(217)
8
(28)
(243)
(270)
(309)
(305)
(93)
(75)
(8)
23
27
33
8
6
13
7
10
13
4
10
14
17
(24)
49
41
18
(240)
(325)
(334)
0
(16)
(6)
0
0
0
0
0
(32)
(24)
(19)
38
39
30
71
(14)
11
3
(29)
(425)
(399)
(462)
(474)
(87)
(175)
(707)
(510)
(541)
(333)
184
(90)
(1 493)
(1 683)
(1 646)
(1 545)
(85)
(59)
(22)
(39)
(2 265)
(2 314)
(2 502)
(2 638)
(454)
(411)
(283)
(132)
(381)
(376)
(335)
162
451
461
488
(29)
(183)
(358)
(3 001)
(3 063)
(2 958)
(2 776)
(272)
(329)
Cash from Investing Activities
(234)
N/A
(235)
0%
(239)
-2%
(236)
+1%
(21)
+91%
(55)
-164%
(266)
-385%
(293)
-10%
(325)
-11%
(324)
+0%
(116)
+64%
(96)
+18%
(66)
+31%
(39)
+41%
(38)
+1%
(62)
-62%
(72)
-16%
(104)
-45%
(128)
-23%
(122)
+5%
(159)
-30%
(198)
-25%
(232)
-17%
(266)
-15%
(287)
-8%
(297)
-4%
(355)
-19%
(241)
+32%
(183)
+24%
(144)
+22%
(354)
-146%
(441)
-25%
(478)
-8%
(447)
+6%
(138)
+69%
(138)
0%
(186)
-34%
(373)
-101%
(437)
-17%
(486)
-11%
(477)
+2%
(357)
+25%
(391)
-9%
(447)
-14%
(546)
-22%
(627)
-15%
(728)
-16%
(788)
-8%
(894)
-13%
(1 019)
-14%
(1 102)
-8%
(1 234)
-12%
(1 837)
-49%
(2 022)
-10%
(2 174)
-8%
(2 320)
-7%
(1 898)
+18%
(1 863)
+2%
(2 388)
-28%
(2 250)
+6%
(2 286)
-2%
(2 412)
-6%
(1 990)
+17%
(2 068)
-4%
(3 332)
-61%
(3 137)
+6%
(2 880)
+8%
(2 729)
+5%
(1 311)
+52%
(1 322)
-1%
(1 464)
-11%
(1 611)
-10%
(3 910)
-143%
(4 081)
-4%
(4 046)
+1%
(3 935)
+3%
(1 483)
+62%
(1 084)
+27%
(891)
+18%
(775)
+13%
(1 039)
-34%
(1 086)
-5%
(1 051)
+3%
(476)
+55%
(154)
+68%
(102)
+34%
(46)
+55%
(601)
-1 207%
(789)
-31%
(1 013)
-28%
(3 798)
-275%
(3 953)
-4%
(3 913)
+1%
(3 719)
+5%
(1 147)
+69%
(1 120)
+2%
Financing Cash Flow
Net Issuance of Common Stock
100
98
95
93
8
9
16
26
34
38
35
33
33
32
32
36
38
15
28
38
80
13
18
(3)
55
32
11
10
22
53
239
276
149
171
(1)
(31)
86
36
23
17
16
13
10
8
7
354
355
608
762
668
669
675
520
268
492
234
693
1 207
1 234
1 236
781
276
32
33
446
440
461
471
61
142
140
149
151
147
119
99
88
(163)
(412)
(414)
(421)
(183)
204
53
(323)
(291)
(580)
(432)
(49)
0
10
10
11
(12)
(222)
(219)
Net Issuance of Debt
128
48
51
51
10
37
49
55
301
78
68
60
15
(8)
(9)
13
30
90
109
125
84
181
204
226
233
248
301
229
135
92
141
162
217
199
(36)
(13)
180
469
480
473
313
89
315
372
395
6
(34)
(189)
(279)
(4)
246
319
809
1 278
1 193
1 400
709
265
314
314
817
1 178
1 252
1 371
2 463
2 345
1 654
1 449
68
(127)
413
799
2 537
2 956
2 832
2 534
644
418
574
67
277
(96)
(360)
(619)
(746)
(609)
(629)
(122)
(172)
522
1 460
1 419
1 372
512
(153)
(200)
Cash Paid for Dividends
(79)
(84)
(89)
(92)
(96)
(97)
(98)
(99)
(101)
(102)
(104)
(105)
(106)
(107)
(108)
(110)
(113)
(118)
(125)
(132)
(140)
(148)
(156)
(166)
(176)
(183)
(188)
(193)
(197)
(202)
(210)
(220)
(229)
(239)
(247)
(251)
(254)
(257)
(259)
(260)
(261)
(234)
(211)
(196)
(181)
(132)
(144)
(147)
(221)
(231)
(242)
(257)
(269)
(279)
(283)
(290)
(294)
(300)
(312)
(330)
(351)
(371)
(474)
(604)
(781)
(985)
(1 108)
(1 197)
(1 247)
(1 259)
(1 279)
(1 310)
(1 323)
(1 387)
(1 444)
(1 484)
(1 530)
(1 535)
(1 533)
(1 526)
(1 521)
(1 516)
(1 515)
(1 518)
(1 651)
(1 660)
(1 677)
(1 694)
(1 579)
(1 590)
(1 625)
(1 663)
(1 701)
(1 739)
(1 753)
(1 763)
Other
(3)
81
77
79
(8)
(7)
206
210
0
0
0
(2)
0
0
0
0
0
(4)
(4)
0
0
(0)
0
0
0
0
0
0
0
0
0
0
156
0
156
156
(12)
(14)
(13)
(13)
(2)
(3)
(5)
(5)
(7)
(83)
(82)
(90)
(29)
(21)
(25)
(21)
(21)
(15)
(24)
(21)
(36)
(57)
(48)
(50)
(31)
(13)
(8)
(17)
(23)
(25)
(25)
(13)
(8)
(1)
(7)
(14)
(14)
(18)
(19)
(12)
(11)
0
0
0
0
0
0
0
0
0
0
0
0
1 228
1 218
996
996
(232)
(222)
0
Cash from Financing Activities
147
N/A
143
-3%
134
-6%
130
-3%
(87)
N/A
(58)
+32%
172
N/A
191
+11%
234
+22%
225
-4%
2
-99%
(14)
N/A
(58)
-317%
(83)
-44%
(85)
-3%
(61)
+28%
(45)
+27%
(16)
+64%
9
N/A
31
+257%
24
-22%
49
+102%
69
+40%
57
-17%
112
+96%
97
-14%
124
+28%
47
-62%
(40)
N/A
(58)
-46%
169
N/A
218
+29%
294
+35%
288
-2%
(128)
N/A
(139)
-8%
0
N/A
234
N/A
231
-1%
217
-6%
66
-70%
(134)
N/A
108
N/A
179
+65%
214
+20%
144
-33%
95
-34%
182
+93%
233
+28%
412
+77%
648
+57%
715
+10%
1 039
+45%
1 252
+21%
1 378
+10%
1 323
-4%
1 072
-19%
1 115
+4%
1 188
+7%
1 170
-2%
1 216
+4%
1 070
-12%
802
-25%
783
-2%
2 105
+169%
1 775
-16%
982
-45%
710
-28%
(1 126)
N/A
(1 245)
-11%
(733)
+41%
(376)
+49%
1 351
N/A
1 698
+26%
1 488
-12%
1 137
-24%
(809)
N/A
(1 287)
-59%
(1 371)
-7%
(1 873)
-37%
(1 665)
+11%
(1 795)
-8%
(1 671)
+7%
(2 084)
-25%
(2 720)
-31%
(2 560)
+6%
(2 886)
-13%
(2 248)
+22%
(1 800)
+20%
10
N/A
1 063
+10 530%
762
-28%
678
-11%
(1 471)
N/A
(2 350)
-60%
(2 182)
+7%
Change in Cash
Effect of Foreign Exchange Rates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12
17
14
20
0
(1)
9
(12)
(5)
(8)
(14)
6
10
16
15
14
19
9
8
3
(4)
(2)
2
7
4
11
9
(3)
5
Net Change in Cash
6
N/A
6
+11%
6
-10%
8
+34%
(0)
N/A
(0)
N/A
(3)
-767%
(2)
+19%
(1)
+52%
(3)
-190%
(7)
-124%
(5)
+23%
(6)
-24%
(2)
+73%
(2)
-18%
(1)
+65%
(4)
-514%
(1)
+86%
2
N/A
29
+1 121%
9
-69%
(3)
N/A
0
N/A
(27)
N/A
15
N/A
2
-90%
(3)
N/A
11
N/A
(3)
N/A
0
N/A
(1)
N/A
(7)
-400%
40
N/A
91
+125%
5
-95%
(2)
N/A
72
N/A
126
+77%
39
-69%
(2)
N/A
(126)
-5 154%
(215)
-70%
(32)
+85%
26
N/A
28
+9%
44
+58%
7
-85%
(10)
N/A
24
N/A
107
+346%
278
+159%
314
+13%
2
-99%
(111)
N/A
(83)
+25%
(285)
-243%
(25)
+91%
204
N/A
(184)
N/A
(4)
+98%
7
N/A
(210)
N/A
33
N/A
(9)
N/A
286
N/A
323
+13%
28
-91%
98
+250%
(164)
N/A
(187)
-14%
247
N/A
491
+99%
(28)
N/A
(40)
-43%
(255)
-538%
(589)
-131%
(48)
+92%
(87)
-81%
(16)
+82%
81
N/A
(38)
N/A
(17)
+55%
14
N/A
182
+1 200%
64
-65%
78
+22%
(1)
N/A
(195)
-19 400%
44
N/A
1 612
+3 564%
186
-88%
5
-97%
(10)
N/A
(1 563)
-15 530%
(46)
+97%
45
N/A
Free Cash Flow
Free Cash Flow
81
N/A
86
+5%
94
+9%
94
0%
79
-16%
86
+9%
68
-21%
77
+13%
73
-4%
77
+5%
85
+10%
84
-2%
60
-29%
59
-1%
56
-5%
28
-51%
33
+19%
10
-70%
(19)
N/A
(9)
+54%
(25)
-179%
(65)
-159%
(73)
-12%
(94)
-30%
(111)
-18%
(112)
-1%
(103)
+8%
(85)
+18%
(4)
+95%
40
N/A
69
+71%
100
+45%
81
-19%
119
+47%
149
+25%
143
-4%
72
-50%
(108)
N/A
(192)
-78%
(220)
-14%
(192)
+13%
(48)
+75%
(116)
-140%
(134)
-15%
(224)
-67%
(139)
+38%
(118)
+16%
(263)
-123%
(195)
+26%
(316)
-62%
(373)
-18%
(372)
+0%
(612)
-65%
(964)
-58%
(999)
-4%
(1 134)
-14%
(1 010)
+11%
(736)
+27%
(665)
+10%
(664)
+0%
(668)
-1%
(947)
-42%
(953)
-1%
(702)
+26%
(326)
+54%
231
N/A
692
+200%
921
+33%
1 030
+12%
1 103
+7%
982
-11%
906
-8%
887
-2%
567
-36%
771
+36%
917
+19%
1 223
+33%
1 625
+33%
1 632
+0%
2 076
+27%
1 992
-4%
2 139
+7%
2 006
-6%
2 085
+4%
2 324
+11%
2 169
-7%
2 394
+10%
2 086
-13%
2 029
-3%
1 958
-3%
2 117
+8%
2 302
+9%
2 259
-2%
2 675
+18%
2 579
-4%
2 551
-1%

See Also

Summary
PPL intrinsic value, competitors valuation, and company profile.
DCF Valuation
PPL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
PPL stock valuation using valuation multiples.
Wall Street Estimates
PPL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
PPL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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