WESTERN GAS PARTNERS LP Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1201 LAKE ROBBINS DRIVE THE WOODLANDS, TX 77380 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4922 - Natural Gas Transmission (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 78,814 | 357,925 | 98,033 | 67,054 | 100,728 | 419,981 | |||
| Cash and cash equivalent | 78,814 | 357,925 | 98,033 | 67,054 | 100,728 | 419,981 | |||
| Receivables | 160,432 | 223,223 | 180,993 | 98,114 | 84,060 | 38,354 | |||
| Inventory, net of allowances, customer advances and progress billings | 10,788 | 7,126 | 2,403 | 5,316 | ✕ | ✕ | |||
| Inventory | 10,788 | 7,126 | 2,403 | 5,316 | |||||
| Prepaid expense | 2,443 | 2,123 | ✕ | ||||||
| Other current assets | 14,816 | 12,866 | 7,855 | 10,067 | 10,022 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,998 | ||
| Other undisclosed current assets | (10,788) | (7,126) | (2,403) | (7,759) | (2,123) | ||||
| Total current assets: | 254,062 | 594,014 | 286,881 | 175,235 | 194,810 | 465,333 | |||
| Noncurrent Assets | |||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 5,730,891 | 5,049,932 | 4,289,974 | 4,384,371 | 3,383,255 | 2,473,375 | |||
| Long-term investments and receivables | 826,211 | 854,208 | 878,887 | 894,492 | 243,619 | 106,130 | |||
| Due from related parties | 260,000 | 260,000 | 260,000 | 260,000 | |||||
| Long-term investments | 566,211 | 594,208 | 618,887 | 634,492 | 243,619 | 106,130 | |||
| Intangible asset, including goodwill, after accumulated amortization | 1,191,429 | 1,221,308 | 1,221,813 | 1,269,244 | 158,942 | 143,426 | |||
| Goodwill | 416,160 | 417,610 | 389,686 | 384,387 | 105,336 | 87,936 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 775,269 | 803,698 | 832,127 | 884,857 | 53,606 | 55,490 | |||
| Other noncurrent assets | 11,757 | 13,566 | 29,707 | 28,289 | 27,401 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 27,798 | ||
| Deferred tax assets, net | (4,171) | (309) | (1,578) | ||||||
| Other undisclosed noncurrent assets | 4,171 | 260,309 | 261,578 | ||||||
| Total noncurrent assets: | 7,760,288 | 7,139,014 | 6,420,381 | 6,576,396 | 4,073,217 | 3,010,729 | |||
| TOTAL ASSETS: | 8,014,350 | 7,733,028 | 6,707,262 | 6,751,631 | 4,268,027 | 3,476,062 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 400,600 | 292,184 | 181,424 | 213,407 | 150,871 | 120,676 | |||
| Interest and dividends payable | 24,741 | ||||||||
| Taxes payable | 207 | 13,860 | 552 | ||||||
| Accounts payable | 352,701 | 123,285 | 64,606 | 29,804 | |||||
| Accrued liabilities | 47,899 | 168,899 | 116,818 | 158,655 | 137,011 | 120,124 | |||
| Accrued environmental loss contingencies | 475 | 562 | 799 | ||||||
| Asset retirement obligation | 1,212 | 1,966 | 1,711 | ||||||
| Other undisclosed current liabilities | 23,733 | 23,121 | 17,808 | (12,523) | 37,061 | 34,072 | |||
| Total current liabilities: | 424,333 | 315,305 | 199,232 | 202,571 | 190,460 | 157,258 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,464,712 | 3,091,461 | 2,707,357 | 2,422,954 | 1,418,169 | 1,168,278 | |||
| Long-term debt, excluding current maturities | 3,464,712 | 3,091,461 | 2,707,357 | 2,422,954 | 1,418,169 | 1,168,278 | |||
| Liabilities, other than long-term debt | 146,885 | 184,081 | 313,243 | 115,740 | 81,045 | 70,372 | |||
| Asset retirement obligations | 146,885 | 142,641 | 118,606 | 110,069 | 79,145 | 68,472 | |||
| Deferred tax liabilities, net | 5,963 | 4,171 | |||||||
| Accrued environmental loss contingencies | 1,500 | 1,900 | 1,900 | ||||||
| Due to related parties | 188,674 | ||||||||
| Other liabilities | |||||||||
| Business combination, contingent consideration, liability | 41,440 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 7,409 | 6,402 | (1,500) | (1,591) | (322) | ||||
| Total noncurrent liabilities: | 3,619,006 | 3,281,944 | 3,020,600 | 2,537,194 | 1,497,623 | 1,238,328 | |||
| Total liabilities: | 4,043,339 | 3,597,249 | 3,219,832 | 2,739,765 | 1,688,083 | 1,395,586 | |||
| Equity | |||||||||
| Equity, attributable to noncontrolling interest | 70,594 | 70,658 | |||||||
| Other undisclosed equity | 3,971,011 | 4,135,779 | 3,487,430 | 4,011,866 | 2,509,350 | 2,009,818 | |||
| Total equity: | 3,971,011 | 4,135,779 | 3,487,430 | 4,011,866 | 2,579,944 | 2,080,476 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,014,350 | 7,733,028 | 6,707,262 | 6,751,631 | 4,268,027 | 3,476,062 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,248,356 | 1,804,270 | 1,561,372 | 1,273,763 | 1,053,495 | 849,440 | ||
| Cost of revenue | (1,424,759) | (822,807) | (1,317,227) | (646,465) | (533,445) | (473,028) | ||
| Cost of product and service sold | (908,693) | (494,194) | (528,435) | (437,956) | (364,285) | (336,079) | ||
| Gross profit: | 823,597 | 981,463 | 244,145 | 627,298 | 520,050 | 376,412 | ||
| Operating expenses | (363,790) | (353,601) | (334,882) | (233,547) | (198,408) | (228,410) | ||
| Other undisclosed operating income | 247,464 | 80,346 | 128,271 | 57,836 | ||||
| Operating income: | 707,271 | 708,208 | 37,534 | 451,587 | 321,642 | 148,002 | ||
| Nonoperating income | 18,199 | 17,379 | 16,281 | 17,764 | 1,837 | 292 | ||
| Investment income, nonoperating | 16,900 | 16,900 | 16,900 | 16,900 | ||||
| Other nonoperating income (expense) | 1,299 | 479 | (619) | 864 | 1,837 | 292 | ||
| Interest and debt expense | (142,386) | (114,921) | (113,872) | (76,766) | (51,797) | (42,060) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 583,084 | 610,666 | (60,057) | 392,585 | 271,682 | 106,234 | ||
| Income from equity method investments | 57,836 | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (57,836) | 16,900 | 16,900 | |||||
| Income (loss) from continuing operations before income taxes: | 583,084 | 610,666 | (60,057) | 392,585 | 288,582 | 123,134 | ||
| Income tax expense | (4,866) | (8,372) | (3,380) | (2,027) | (2,630) | (1,258) | ||
| Income (loss) from continuing operations: | 578,218 | 602,294 | (63,437) | 390,558 | 285,952 | 121,876 | ||
| Income (loss) before gain (loss) on sale of properties: | 578,218 | 602,294 | (63,437) | 390,558 | 285,952 | 121,876 | ||
| Net income (loss): | 578,218 | 602,294 | (63,437) | 390,558 | 285,952 | 121,876 | ||
| Net loss attributable to noncontrolling interest | (10,735) | (10,963) | (10,101) | (14,025) | (10,816) | (14,890) | ||
| Net income (loss) available to common stockholders, diluted: | 567,483 | 591,331 | (73,538) | 376,533 | 275,136 | 106,986 | ||
Comprehensive Income ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 578,218 | 602,294 | (63,437) | 390,558 | 285,952 | 121,876 | ||
| Comprehensive income (loss): | 578,218 | 602,294 | (63,437) | 390,558 | 285,952 | 121,876 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (10,735) | (10,963) | (10,101) | (14,025) | 10,816 | 14,890 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 567,483 | 591,331 | (73,538) | 376,533 | 296,768 | 136,766 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.