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.
Type
Public
HQ
Novi, US
Founded
2003
Size (employees)
660 (est)+4%
ITC Holdings was founded in 2003 and is headquartered in Novi, US

ITC Holdings Office Locations

ITC Holdings has offices in Novi, Cedar Rapids
Novi, US (HQ)
27175 Energy Way

ITC Holdings Metrics

ITC Holdings Financial Metrics

Revenue (2016)

$1.1 b

Revenue growth (2015-16), %

8%

Net income (2016)

$246 m

Market capitalization (01-Sep-2016)

$7 b

Closing share price (01-Sep-2016)

$45.5

Cash (31-Dec-2016)

$8 m
ITC Holdings's current market capitalization is $7 b.
ITC Holdings's revenue was reported to be $1.1 b in FY, 2016 which is a 7.7% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$941.3 m$1 b$1 b$1.1 b

Revenue growth, %

9%2%8%

Operating expense total

$445.2 m$430.2 m$484.1 m$603 m

EBIT

$496.1 m$592.8 m$560.7 m$522 m

EBIT margin, %

53%58%54%46%

Pre tax profit

$352.4 m$394.4 m$383.9 m$343 m

Income tax expense

$118.9 m$150.3 m$141.5 m$97 m

Net Income

$233.5 m$244.1 m$242.4 m$246 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$13.9 m$8 m

Accounts Receivable

$104.3 m$108 m

Inventories

$25.8 m$29 m

Current Assets

$169.2 m$233 m

Goodwill

$950.2 m$950 m

Total Assets

$7.6 b$8.2 b

Accounts Payable

$124.3 m$100 m

Current Liabilities

$719.2 m$633 m

Retained Earnings

$875.6 m$1 b

Total Equity

$1.7 b$1.9 b

Financial Leverage

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

Net Income

$233.5 m$244.1 m$242.4 m$246 m

Depreciation and Amortization

$118.6 m$128 m$144.7 m$158 m

Accounts Receivable

$89.3 m$101 m($501 k)($2 m)

Inventories

$32 m$30.9 m$5.1 m

Accounts Payable

$111.1 m$108 m($7.3 m)$5 m

Cash From Operating Activities

$8.1 m($6.5 m)$555.7 m$687 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 m$42 m

ITC Holdings Job Categories

ITC Holdings Median Salaries

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

ITC Holdings Online Presence

ITC Holdings Company Life

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