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)Annual | Quarterly
| 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 130,668 | 53,235 | 521,426 | 78,814 | 152,435 | 188,197 | |||
| Cash and cash equivalent | 130,668 | 53,235 | 521,426 | 78,814 | 152,435 | 188,197 | |||
| Receivables | 224,986 | 167,175 | 189,074 | 160,432 | 192,530 | 136,444 | |||
| Inventory, net of allowances, customer advances and progress billings | 11,212 | 9,421 | 9,275 | 10,788 | 8,459 | 8,869 | |||
| Inventory | 11,212 | 9,421 | 9,275 | 10,788 | 8,459 | 8,869 | |||
| Other current assets | 25,970 | 26,728 | 22,747 | 14,816 | 13,381 | 10,161 | |||
| Other undisclosed current assets | (11,212) | (9,421) | (9,275) | (10,788) | (8,459) | (8,869) | |||
| Total current assets: | 381,624 | 247,138 | 733,247 | 254,062 | 358,346 | 334,802 | |||
| Noncurrent Assets | |||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 6,418,634 | 6,213,574 | 6,063,547 | 5,730,891 | 5,507,714 | 5,347,794 | |||
| Long-term investments and receivables | 1,046,876 | 1,014,300 | 817,681 | 826,211 | 833,622 | 841,151 | |||
| Due from related parties | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | |||
| Long-term investments | 786,876 | 754,300 | 557,681 | 566,211 | 573,622 | 581,151 | |||
| Intangible asset, including goodwill, after accumulated amortization | 1,170,107 | 1,177,214 | 1,184,322 | 1,191,429 | 1,199,986 | 1,207,093 | |||
| Goodwill | 416,160 | 416,160 | 416,160 | 416,160 | 417,610 | 417,610 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 753,947 | 761,054 | 768,162 | 775,269 | 782,376 | 789,483 | |||
| Other noncurrent assets | 14,057 | 14,384 | 14,525 | 11,757 | 14,643 | 14,875 | |||
| Total noncurrent assets: | 8,649,674 | 8,419,472 | 8,080,075 | 7,760,288 | 7,555,965 | 7,410,913 | |||
| TOTAL ASSETS: | 9,031,298 | 8,666,610 | 8,813,322 | 8,014,350 | 7,914,311 | 7,745,715 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 474,937 | 462,799 | 438,826 | 400,600 | 360,344 | 255,336 | |||
| Accounts payable | 360,651 | 331,447 | 360,028 | 352,701 | 302,848 | 198,496 | |||
| Accrued liabilities | 114,286 | 131,352 | 78,798 | 47,899 | 57,496 | 56,840 | |||
| Other undisclosed current liabilities | 37,123 | 26,318 | 38,871 | 23,733 | 33,020 | 22,059 | |||
| Total current liabilities: | 512,060 | 489,117 | 477,697 | 424,333 | 393,364 | 277,395 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,566,464 | 4,177,353 | 4,176,346 | 3,464,712 | 3,343,886 | 3,253,065 | |||
| Long-term debt, excluding current maturities | 4,566,464 | 4,177,353 | 4,176,346 | 3,464,712 | 3,343,886 | 3,253,065 | |||
| Liabilities, other than long-term debt | 299,890 | 289,905 | 275,839 | 146,885 | 146,248 | 142,526 | |||
| Asset retirement obligations | 157,933 | 151,412 | 147,082 | 146,885 | 146,248 | 142,526 | |||
| Other liabilities | 141,957 | 138,493 | 128,757 | ||||||
| Other undisclosed noncurrent liabilities | 10,285 | 8,753 | 8,592 | 7,409 | 10,284 | 10,169 | |||
| Total noncurrent liabilities: | 4,876,639 | 4,476,011 | 4,460,777 | 3,619,006 | 3,500,418 | 3,405,760 | |||
| Total liabilities: | 5,388,699 | 4,965,128 | 4,938,474 | 4,043,339 | 3,893,782 | 3,683,155 | |||
| Equity | |||||||||
| Other undisclosed equity | 3,642,599 | 3,701,482 | 3,874,848 | 3,971,011 | 4,020,529 | 4,062,560 | |||
| Total equity: | 3,642,599 | 3,701,482 | 3,874,848 | 3,971,011 | 4,020,529 | 4,062,560 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,031,298 | 8,666,610 | 8,813,322 | 8,014,350 | 7,914,311 | 7,745,715 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 507,762 | 435,949 | 437,168 | 632,018 | 574,695 | 525,450 | ||
| Revenue, net | ✕ | ✕ | ✕ | 75,937 | ||||
| Cost of revenue | (224,790) | (285,938) | (167,171) | (371,116) | (325,136) | (292,410) | ||
| Cost of product and service sold | (105,966) | (68,149) | (77,799) | (276,834) | (239,223) | (203,277) | ||
| Gross profit: | 282,972 | 150,011 | 269,997 | 260,902 | 249,559 | 233,040 | ||
| Operating expenses | (125,826) | (114,663) | (102,411) | (98,944) | (91,694) | (86,733) | ||
| Other undisclosed operating income | 43,175 | 39,388 | 20,540 | 19,857 | 21,591 | 61,301 | ||
| Operating income: | 200,321 | 74,736 | 188,126 | 181,815 | 179,456 | 207,608 | ||
| Nonoperating income (expense) | 4,823 | 5,454 | 5,007 | 4,555 | 4,511 | 4,478 | ||
| Investment income, nonoperating | 4,225 | 4,225 | 4,225 | 4,225 | 4,225 | 4,225 | ||
| Other nonoperating income (expense) | 598 | 1,229 | 782 | 330 | 286 | 253 | ||
| Interest and debt expense | (47,991) | (44,389) | (39,283) | (35,592) | (35,544) | (35,746) | ||
| Income from continuing operations before income taxes: | 157,153 | 35,801 | 153,850 | 150,778 | 148,423 | 176,340 | ||
| Income tax expense (benefit) | (1,517) | (282) | (1,502) | 39 | (510) | (843) | ||
| Income from continuing operations: | 155,636 | 35,519 | 152,348 | 150,817 | 147,913 | 175,497 | ||
| Income before gain (loss) on sale of properties: | 155,636 | 35,519 | 152,348 | 150,817 | 147,913 | 175,497 | ||
| Net income: | 155,636 | 35,519 | 152,348 | 150,817 | 147,913 | 175,497 | ||
| Net loss attributable to noncontrolling interest | (990) | (2,811) | (2,985) | (2,180) | (4,407) | (2,046) | ||
| Net income available to common stockholders, diluted: | 154,646 | 32,708 | 149,363 | 148,637 | 143,506 | 173,451 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 155,636 | 35,519 | 152,348 | 150,817 | 147,913 | 175,497 | ||
| Comprehensive income: | 155,636 | 35,519 | 152,348 | 150,817 | 147,913 | 175,497 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (990) | (2,811) | (2,985) | (2,180) | (4,407) | (2,046) | ||
| Comprehensive income, net of tax, attributable to parent: | 154,646 | 32,708 | 149,363 | 148,637 | 143,506 | 173,451 | ||
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.