ITC Holdings

ITC Holdings Corp. (NYSE: ITC) is the nation's leading publicly traded independent electricity transmission company, serving seven states throughout the Midwest and Great Plains. Transmission is the bulk delivery of electrical energy from power generating plants along high voltage lines to the local distribution systems of utilities serving communities. Headquartered in Novi, Mich., ITC invests in the transmission grid to improve system reliability, expand access to markets, lower the overall cost of delivered energy and allow new generating resources to interconnect to its transmission systems. ITC's regulated operating subsidiaries include ITCTransmission, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains. Our ITC Grid Development arm pursues opportunities to modernize today's grid and drive growth for the company.
Company Growth (employees)
Novi, US
Size (employees)
660 (est)
ITC Holdings was founded in 2003 and is headquartered in Novi, US

ITC Holdings Office Locations

ITC Holdings has offices in Novi, Cedar Rapids, Ann Arbor, Washington and in 1 other location
Novi, US (HQ)
27175 Energy Way

ITC Holdings Data and Metrics

ITC Holdings Financial Metrics

ITC Holdings's revenue was reported to be $1.1 b in FY, 2016

Net income (Q1, 2017)

80 m

Market capitalization (13-Oct-2016)

6.9 b

Cash (31-Dec-2016)

8 m


11.3 b
ITC Holdings's current market capitalization is $6.9 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


941.3 m1 b1 b1.1 b

Revenue growth, %


General and administrative expense

239 m

Operating expense total

445.2 m430.2 m484.1 m603 m


496.1 m592.8 m560.7 m522 m

EBIT margin, %


Pre tax profit

352.4 m394.4 m383.9 m343 m

Income tax expense

118.9 m150.3 m141.5 m97 m

Net Income

233.5 m244.1 m242.4 m246 m
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

139.5 m205 m64.2 m135 m184.6 m80 m
USDFY, 2015FY, 2016


13.9 m8 m

Accounts Receivable

104.3 m108 m


25.8 m29 m

Current Assets

169.2 m233 m


950.2 m950 m

Total Assets

7.6 b8.2 b

Accounts Payable

124.3 m100 m

Total Debt

4.4 b

Current Liabilities

719.2 m633 m

Retained Earnings

875.6 m1 b

Total Equity

1.7 b1.9 b

Debt to Equity Ratio

2.3 x

Debt to Assets Ratio

0.5 x

Financial Leverage

4.4 x4.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

233.5 m244.1 m242.4 m246 m

Depreciation and Amortization

118.6 m128 m144.7 m158 m

Accounts Receivable

89.3 m101 m(501 k)(2 m)


32 m30.9 m5.1 m

Accounts Payable

111.1 m108 m(7.3 m)5 m

Cash From Operating Activities

8.1 m(6.5 m)555.7 m687 m

Purchases of PP&E

(684.1 m)(750 m)

Cash From Investing Activities

(699.3 m)(735 m)

Cash From Financing Activities

129.7 m42 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

139.5 m205 m64.2 m135 m184.6 m80 m

Depreciation and Amortization

70 m106.9 m38.9 m78.2 m117.8 m41 m

Accounts Receivable

123.5 m119.4 m102.8 m(19.8 m)(24.5 m)(10.8 m)(41.4 m)(34.4 m)(13 m)


29.4 m30.6 m31 m1.3 m1.4 m(1.8 m)(2 m)(2.7 m)

Accounts Payable

126.9 m115.9 m95.1 m(581 k)(1.1 m)6.4 m17.2 m33.2 m3 m

Cash From Operating Activities

197.4 m386.3 m87.8 m257.1 m587.1 m8 m

Purchases of PP&E

(318.2 m)(460.1 m)(204 m)(392.3 m)(560.6 m)(204 m)

Cash From Investing Activities

(323.7 m)(475.1 m)(195.2 m)(388.3 m)(556.7 m)(202 m)

Cash From Financing Activities

111.4 m85.2 m101.8 m123.5 m(35.3 m)192 m
Y, 2017


1.4 k x

ITC Holdings Job Categories

ITC Holdings Median Salaries

Source: 17 public H-1B filings from ITC Holdings

Traffic Overview of ITC Holdings

ITC Holdings Online and Social Media Presence

ITC Holdings Company Life and Culture

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