Boardwalk Pipeline Partners LP (BWP) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
9 GREENWAY PLAZA, SUITE 2800 HOUSTON, TX 77046 |
| 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 millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 20 | 216 | 39 | 3 | 4 | 4 | |||
| Cash and cash equivalents | 20 | 216 | 39 | 3 | 4 | 4 | |||
| Short-term investments | |||||||||
| Receivables | 205 | 148 | 126 | 115 | 132 | 154 | |||
| Inventory, net of allowances, customer advances and progress billings | 3 | 42 | 26 | ||||||
| Inventory | 3 | 42 | 26 | ||||||
| Prepaid expense | 24 | 24 | 21 | 19 | 16 | 21 | |||
| Regulatory asset | 4 | 24 | |||||||
| Other current assets | 5 | 9 | 7 | 7 | 4 | 1 | |||
| Other undisclosed current assets | 32 | 47 | 39 | 30 | 8 | 9 | |||
| Total current assets: | 289 | 485 | 259 | 174 | 168 | 212 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 3 | ✕ | |||||||
| Operating lease, right-of-use asset | 19 | ✕ | |||||||
| Property, plant and equipment | 8,516 | 8,541 | 8,550 | 8,480 | 8,386 | ||||
| Intangible assets, net (including goodwill) | 72 | ||||||||
| Intangible assets, net (excluding goodwill) | 72 | ||||||||
| Other noncurrent assets | 551 | 569 | 531 | 507 | 496 | 451 | |||
| Other undisclosed noncurrent assets | 8,763 | ||||||||
| Total noncurrent assets: | 9,408 | 9,085 | 9,072 | 9,056 | 8,975 | 8,836 | |||
| TOTAL ASSETS: | 9,696 | 9,570 | 9,331 | 9,230 | 9,143 | 9,049 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 267 | 276 | 207 | 202 | 211 | 202 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 33 | 33 | 36 | 38 | ||
| Taxes payable | ✕ | ✕ | ✕ | 66 | 70 | 60 | 59 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 37 | 35 | 38 | 34 | ||
| Accounts payable | 121 | 141 | 71 | 64 | 77 | 71 | |||
| Accrued liabilities | 146 | 135 | |||||||
| Deferred revenue | 4 | 5 | 2 | ✕ | |||||
| Debt | |||||||||
| Regulatory liability | 15 | 55 | 13 | 14 | |||||
| Accrued environmental loss contingencies | 1 | 1 | 1 | 1 | |||||
| Asset retirement obligation | 3 | 8 | 4 | 6 | |||||
| Other liabilities | 60 | 39 | 21 | 25 | 28 | 26 | |||
| Due to related parties | ✕ | ✕ | 3 | 2 | 10 | 9 | 1 | ||
| Other undisclosed current liabilities | 20 | 8 | 2 | 15 | 22 | ||||
| Total current liabilities: | 362 | 373 | 260 | 267 | 270 | 257 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,262 | 3,233 | 3,335 | 3,461 | 3,566 | 3,701 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 8 | ||
| Finance lease, liability | 4 | 5 | 5 | 6 | 7 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 3,258 | 3,229 | 3,329 | 3,455 | 3,559 | 3,694 | |||
| Liabilities, other than long-term debt, including: | 281 | 262 | 268 | 253 | 248 | 228 | |||
| Deferred revenue | 18 | 19 | 16 | 12 | ✕ | ||||
| Asset retirement obligations | 59 | 54 | 62 | 55 | 57 | 56 | |||
| Liability, pension and other postretirement and postemployment benefits | 5 | 9 | 6 | 18 | 21 | 25 | |||
| Accrued environmental loss contingencies | 3 | 2 | 3 | 3 | 3 | 4 | |||
| Other liabilities | 119 | 106 | 113 | 99 | 96 | 78 | |||
| Other undisclosed liabilities, other than long-term debt | 77 | 72 | 70 | 66 | 72 | 65 | |||
| Total noncurrent liabilities: | 3,543 | 3,495 | 3,603 | 3,714 | 3,814 | 3,929 | |||
| Total liabilities: | 3,905 | 3,868 | 3,862 | 3,981 | 4,084 | 4,187 | |||
| Equity | |||||||||
| Equity, attributable to parent | (77) | (80) | (73) | (80) | (81) | (85) | |||
| Accumulated other comprehensive loss | (77) | (80) | (73) | (80) | (81) | (85) | |||
| Total equity: | (77) | (80) | (73) | (80) | (81) | (85) | |||
| Other undisclosed liabilities and equity | 5,868 | 5,782 | 5,542 | 5,329 | 5,141 | 4,947 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,696 | 9,570 | 9,331 | 9,230 | 9,143 | 9,049 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,618 | 1,432 | 1,340 | 1,298 | 1,295 | 1,224 | ||
| Gross profit: | 1,618 | 1,432 | 1,340 | 1,298 | 1,295 | 1,224 | ||
| Operating expenses | (1,092) | (933) | (873) | (843) | (822) | (809) | ||
| Operating income: | 526 | 499 | 467 | 455 | 474 | 415 | ||
| Nonoperating expense | (139) | (156) | (151) | (164) | (178) | (174) | ||
| Interest and debt expense | (156) | (166) | (161) | (170) | (179) | (176) | ||
| Income from continuing operations before equity method investments, income taxes: | 231 | 177 | 155 | 121 | 118 | 65 | ||
| Other undisclosed income from continuing operations before income taxes | 156 | 166 | 161 | 170 | 179 | 176 | ||
| Income from continuing operations before income taxes: | 387 | 343 | 316 | 291 | 296 | 241 | ||
| Income tax expense | (1) | (1) | (1) | (0) | (1) | (1) | ||
| Income from continuing operations: | 386 | 342 | 315 | 291 | 296 | 240 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 315 | 291 | 296 | 240 | |
| Net income available to common stockholders, diluted: | 386 | 342 | 315 | 291 | 296 | 240 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 386 | 342 | 315 | 291 | 296 | 240 | ||
| Other comprehensive income (loss) | 3 | (7) | 7 | 1 | 4 | (4) | ||
| Comprehensive income, net of tax, attributable to parent: | 389 | 335 | 322 | 292 | 300 | 236 | ||
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.