Our Performance
Financial Performance in 2006
The ability of a company to provide returns to its shareholders and contribute to the community at large is directly related to its present financial performance and its strategy for dealing with upcoming challenges.
The financial highlights for 2006 were:
Net Income
- In 2006, net income was $1,079 million or $2.21 per share compared with $1,209 million or $2.49 per share in 2005.
Net Earnings
- In 2006, TransCanada’s net income from continuing operations (net earnings) was $1,051 million or $2.15 per share compared to $1,209 million or $2.49 per share in 2005.
- Excluding gains on asset sales and positive tax adjustments, TransCanada’s net earnings increased $186 million in 2006 to $925 million or $1.90 per share compared with $852 million or $1.75 per share in 2005.
Funds Generated From Operations
- In 2006, TransCanada’s funds generated from operations were $2.4 billion compared to $2.0 billion in 2005.
Investing Activities
- In 2006, TransCanada invested approximately $2.0 billion in its Pipelines and Energy businesses.
Balance Sheet
- In 2006, TransCanada’s shareholders’ equity increased by $0.5 billion to $7.7 billion.
Dividend
- In January 2007, the Board of Directors of TransCanada raised the quarterly dividend on the Company’s outstanding common shares for the quarter ending March 31, 2007 by six per cent to $0.34 per share from $0.32 per share.
