ITC Holdings 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. The Company 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. Its regulated operating subsidiaries include ITC Transmission, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains.
Type
Public
HQ
Novi, US
Founded
2003
Size (employees)
669 (est)+2%
ITC Holdings was founded in 2003 and is headquartered in Novi, US
Report incorrect company information

ITC Holdings Office Locations

ITC Holdings has offices in Oklahoma City, Wichita, Topeka, Minneapolis and in 5 other locations
Novi, US (HQ)
27175 Energy Way
Cedar Rapids, US
123 5th St SE
Des Moines, US
230 100 E Grand Ave
Minneapolis, US
1950 901 S Marquette Ave
Oklahoma City, US
City Place Tower 204 N Robinson Ave
Topeka, US
101 3500 SW Fairlawn Rd
Show all (9)
Report incorrect company information

ITC Holdings Financials and Metrics

ITC Holdings Financials

ITC Holdings's revenue was reported to be $1.21 b in FY, 2017
USD

Revenue (Q1, 2018)

279 m

Net income (Q1, 2018)

82 m

EBIT (Q1, 2018)

154 m

Market capitalization (13-Oct-2016)

6.9 b

Cash (31-Mar-2018)

110 m

EV

12 b
ITC Holdings's current market capitalization is $6.9 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

941.3 m1 b1 b1.1 b1.2 b

Revenue growth, %

9%2%8%

General and administrative expense

239 m123 m

Operating expense total

239 m503 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Revenue

279 m

General and administrative expense

31 m

Operating expense total

125 m

Depreciation and amortization

44 m
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

13.9 m8 m66 m

Accounts Receivable

104.3 m108 m119 m

Inventories

25.8 m29 m29 m

Current Assets

169.2 m233 m260 m
Quarterly
USDQ1, 2018

Cash

110 m

Accounts Receivable

106 m

Inventories

30 m

Current Assets

276 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

233.5 m244.1 m242.4 m246 m319 m

Depreciation and Amortization

118.6 m128 m144.7 m158 m169 m

Inventories

32 m30.9 m5.1 m

Accounts Payable

111.1 m108 m(7.3 m)5 m(3 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

139.5 m205 m64.2 m135 m184.6 m80 m82 m

Depreciation and Amortization

70 m106.9 m38.9 m78.2 m117.8 m41 m44 m

Inventories

36.3 m30.2 m29.4 m30.6 m31 m1.3 m1.4 m(1.8 m)(2 m)(2.7 m)

Accounts Payable

105.3 m118.1 m126.9 m115.9 m95.1 m(581 k)(1.1 m)6.4 m17.2 m33.2 m3 m3 m
USDY, 2018

EV/EBIT

77.7 x

EV/CFO

78.2 x
Show all financial metrics
Report incorrect company information