Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| ITC Holdings and other | 1.0 | 1.0 | | | | 1.0 | | |
| Other | 1,348.0 | 1,297.0 | | | | 1,124.0 | | |
| Total revenues | 1,349.0 | 1,298.0 | 1,327.0 | 1,156.0 | 1,211.0 | 1,125.0 | 1,045.0 | 1,023.0 |
| Revenue growth | 3.9% | -2.2% | 14.8% | -4.5% | 7.6% | 7.7% | 2.2% | 8.7% |
| Cost of goods sold [+] | 108.0 | 87.0 | 113.0 | 109.0 | 110.0 | 114.0 | 113.0 | 188.0 |
| Maintenance and operations costs | | | | | | | | 112.0 |
| Direct taxes | | | | | | | | 76.0 |
| Gross profit | 1,241.0 | 1,211.0 | 1,214.0 | 1,047.0 | 1,101.0 | 1,011.0 | 932.0 | 835.0 |
| Gross margin | 92.0% | 93.3% | 91.5% | 90.6% | 90.9% | 89.9% | 89.2% | 81.6% |
| Selling, general and administrative [+] | 261.0 | 239.0 | 256.0 | 236.0 | 224.0 | 327.0 | 227.0 | 115.0 |
| General and administrative [+] | 261.0 | 239.0 | 256.0 | 236.0 | 224.0 | 327.0 | 227.0 | 115.0 |
| General and administrative expenses | 128.0 | 115.0 | 138.0 | 127.0 | 121.0 | 234.0 | 145.0 | 115.0 |
| Operating taxes | 133.0 | 124.0 | 118.0 | 109.0 | 103.0 | 93.0 | 82.0 | |
| Other operating expenses | 231.0 | 219.0 | 203.0 | 176.0 | 167.0 | 157.0 | 144.0 | -1.0 |
| EBITDA [+] | 981.0 | 972.0 | 958.0 | 815.0 | 879.0 | 685.0 | 706.0 | 721.0 |
| EBITDA growth | 0.9% | 1.5% | 17.5% | -7.3% | 28.3% | -3.0% | -2.1% | 17.3% |
| EBITDA margin | 72.7% | 74.9% | 72.2% | 70.5% | 72.6% | 60.9% | 67.6% | 70.5% |
| Depreciation | 229.0 | 215.0 | 200.0 | 176.0 | 166.0 | 155.0 | 142.0 | 125.0 |
| EBITA | 752.0 | 757.0 | 758.0 | 639.0 | 713.0 | 530.0 | 564.0 | 596.0 |
| EBITA margin | 55.7% | 58.3% | 57.1% | 55.3% | 58.9% | 47.1% | 54.0% | 58.3% |
| Amortization of intangibles | 3.0 | 4.0 | 3.0 | 4.0 | 3.0 | 3.0 | 3.0 | 3.0 |
| EBIT [+] | 749.0 | 753.0 | 755.0 | 635.0 | 710.0 | 527.0 | 561.0 | 593.0 |
| EBIT growth | -0.5% | -0.3% | 18.9% | -10.6% | 34.7% | -6.1% | -5.4% | 19.5% |
| EBIT margin | 55.5% | 58.0% | 56.9% | 54.9% | 58.6% | 46.8% | 53.7% | 58.0% |
| Interest expense | 251.0 | 240.0 | 224.0 | 224.0 | 224.0 | 211.0 | 204.0 | 187.0 |
| Interest expense | 251.0 | 240.0 | 224.0 | 224.0 | 224.0 | 211.0 | 204.0 | 187.0 |
| Other income (expense), net [+] | 35.0 | 30.0 | 29.0 | 30.0 | 29.0 | 27.0 | 27.0 | -12.0 |
| Gain (loss) on debt retirement | | | | | | | | -29.0 |
| Other non-operating income | | | | | | | -2.0 | -1.0 |
| Other non-ooperating expenses | | | | | | | 3.0 | 5.0 |
| Other | 5.0 | 3.0 | | -3.0 | -4.0 | -8.0 | -1.0 | 4.0 |
| Pre-tax income | 533.0 | 543.0 | 560.0 | 441.0 | 515.0 | 343.0 | 384.0 | 394.0 |
| Income taxes | 127.0 | 136.0 | 132.0 | 111.0 | 196.0 | 97.0 | 142.0 | 150.0 |
| Tax rate | 23.8% | 25.0% | 23.6% | 25.2% | 38.1% | 28.3% | 37.0% | 38.1% |
| Net income | 406.0 | 407.0 | 428.0 | 330.0 | 319.0 | 246.0 | 242.0 | 244.0 |
| Net margin | 30.1% | 31.4% | 32.3% | 28.5% | 26.3% | 21.9% | 23.2% | 23.9% |
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| Basic EPS [+] | | | | | | | $1.57 | $1.56 |
| Growth | | | | | | | 1.0% | 4.0% |
| Diluted EPS [+] | | | | | | | $1.56 | $1.56 |
| Growth | | | | | | | 0.3% | 4.9% |
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| Dividends per share [+] | | | | | | | $0.70 | $0.61 |
| Growth | | | | | | | 14.5% | 14.7% |
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| Shares outstanding (basic) [+] | | | | | | | 153.7 | 156.5 |
| Growth | | | | | | | -1.8% | 0.5% |
| Shares outstanding (diluted) [+] | | | | | | | 154.7 | 156.5 |
| Growth | | | | | | | -1.1% | -0.4% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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