TransCanada
2006
Annual Report 2006
Consolidated Financial Review
Selected Three-Year Consolidated Financial Data
Highlights
Segment Results-at-a-Glance
Results of Operations
Subsequent Events
Forward-Looking Information
Non-GAAP Measures
TransCanada Overview
TransCanada's Strategy
Outlook
Pipelines
Energy
Corporate
Discontinued Operations
Liquidity and Capital Resources
Contractual Obligations
Financial and Other Instruments
Risks and Risk Management
Controls and Procedures
Significant Accounting Policies and Critical Accounting Estimates
Accounting Changes
Selected Quarterly Consolidated Financial Data
Fourth Quarter 2006 Highlights
Share Information
Other Information
Glossary of Terms
 
Consolidated Financial Review
Segment Results-at-a-Glance
     
  SEGMENT RESULTS-AT-A-GLANCE
  Year ended December 31 (millions of dollars)
    2006   2005   2004    
  Pipelines Net Earnings              
  Excluding gains 547   630   577    
  Gain on sale of Northern Border Partners, L.P. interest 13   —   —    
  Gain on sale of PipeLines LP units —   49   —    
  Gain on sale of Millennium —   —   7    
     
    560   679   584    
     
  Energy Net Earnings              
  Excluding gains 452   258   211    
  Gain on sale of Paiton Energy —   115   —    
  Gains related to Power LP —   193   187    
     
    452   566   398    
     
  Corporate 39   (36)   (2)    
     
  Net Income              
  Continuing Operations(1) 1,051   1,209   980    
  Discontinued Operations 28   —   52    
     
    1,079   1,209   1,032    
     
  Net Income Per Share               
  Continuing Operations(2) $2.15   $2.49   $2.02    
  Discontinued Operations 0.06   —   0.11    
     
  Basic $2.21   $2.49   $2.13    
     
     
  (1)Net Income from Continuing Operations:  
  Excluding gains 1,038   852   786    
  Gains as noted above 13   357   194    
    1,051   1,209   980    
     
  (2)Net Income Per Share from Continuing Operations:  
  Excluding gains $2.12   $1.75   $1.62    
  Gains as noted above 0.03   0.74   0.40    
    $2.15   $2.49   $2.02    

 


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