Kinder Morgan Inc. (KMI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1001 LOUISIANA STREET
HOUSTON, TX 77002
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)

3/31/2024
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 investments837451,1401,1841,1103,280
Cash and cash equivalents837451,1401,1841853,280
Short-term investments     925 
Restricted cash and investments13497252451
Receivables1,5881,8401,6111,2931,3701,521
Inventory, net of allowances, customer advances and progress billings525634562348371385
Inventory525634562348371385
Derivative instruments and hedges, assets12623122018584260
Other current assets207304289168279225
Total current assets:2,5423,8033,8293,2033,2385,722
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     2
Operating lease, right-of-use asset     329
Property, plant and equipment37,29735,59935,65335,83636,41937,897
Long-term investments and receivables7,8747,6537,5787,9177,8457,481
Due from related parties   86 
Long-term investments7,8747,6537,5787,9177,7597,481
Intangible assets, net (including goodwill)22,07821,77421,59222,30424,12724,845
Goodwill20,12119,96519,91419,85121,45121,965
Intangible assets, net (excluding goodwill)1,9571,8091,6782,4532,6762,880
Regulated entity, other noncurrent assets     328 
Deferred income tax assets   115536 
Other noncurrent assets1,2291,2491,6492,1771,7571,355
Deferred tax assets, net1,566
Other undisclosed noncurrent assets     112 
Total noncurrent assets:68,47866,27566,58768,77070,91973,144
TOTAL ASSETS:71,02070,07870,41671,97374,15778,866
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9673,0802,8912,2092,6233,275
Interest and dividends payable504525548579
Taxes payable270267364483
Accounts payable1,3661,4441,2598379141,337
Accrued liabilities1,6011,636858580797876
Debt4,0493,3852,6462,5582,4773,388
Derivative instruments and hedges, liabilities205465    
Regulatory liability   3226 29
Asset retirement obligation   44 4
Due to related parties 3135 39
Contract with customer, liability80
Other undisclosed current liabilities   217242 742
Total current liabilities:7,2216,9305,8215,0745,1007,557
Noncurrent Liabilities
Long-term debt and lease obligation28,06728,40330,94532,39532,20633,936
Long-term debt, excluding current maturities28,06728,40330,67432,13131,91533,936
Finance lease, liability   112
Liabilities, other than long-term debt1,8061,227367371387600
Contract with customer, liability212
Deferred income tax liabilities1,388623   
Regulatory liability 188175163169189206
Due to related parties189204202198182
Operating lease, liability 230240270263289
Other undisclosed noncurrent liabilities2,1971,4041,3621,5671,5751,576
Total noncurrent liabilities:32,07031,03432,67434,33334,16836,112
Total liabilities:39,29137,96438,49539,40739,26843,669
Temporary equity, carrying amount    728803666
Equity
Equity, attributable to parent30,30630,74230,82331,43633,74233,678
Common stock222223232323
Additional paid in capital41,19041,67341,80641,75641,74541,701
Accumulated other comprehensive loss(217)(402)(411)(407)(333)(330)
Accumulated deficit(10,689)(10,551)(10,595)(9,936)(7,693)(7,716)
Equity, attributable to noncontrolling interest1,4231,3721,098402344853
Total equity:31,72932,11431,92131,83834,08634,531
TOTAL LIABILITIES AND EQUITY:71,02070,07870,41671,97374,15778,866

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues15,33419,20016,61011,70013,20914,144
Cost of revenue(4,938)(11,843)(10,671)(7,017)(5,155)(7,227)
Cost of goods and services sold(4,938)(9,255)(6,493)(2,545)(3,263)(4,421)
Gross profit:10,3967,3575,9394,6838,0546,917
Operating expenses (3,292)(3,023)(3,123)(3,181)(3,123)
Other operating income (expense), net(2)77233
Other nonrecurring (income) expense 1339(1,617)(1,930)945 
Other undisclosed operating loss(6,131)(7)(7)(2)(3)(3)
Operating income:4,2634,0652,9161,5604,8733,794
Nonoperating expense(1,062)(730)(697)(899)(1,708)(1,288)
Other nonoperating income (expense)(37)552825675107
Income from continuing operations before income taxes:3,2013,3352,2196613,1652,506
Income tax expense(715)(710)(369)(481)(926)(587)
Income from continuing operations:2,4862,6251,8501802,2391,919
Income before gain (loss) on sale of properties:1,8501802,2391,919
Net income:2,4862,6251,8501802,2391,919
Net loss attributable to noncontrolling interest(95)(77)(66)(61)(49)(310)
Net income attributable to parent:2,3912,5481,7841192,1901,609
Preferred stock dividends and other adjustments      (128)
Net income available to common stockholders, diluted:2,3912,5481,7841192,1901,481

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:2,4862,6251,8501802,2391,919
Other comprehensive income (loss)1859(4)(74)14338
Comprehensive income:2,6712,6341,8461062,2532,257
Comprehensive loss, net of tax, attributable to noncontrolling interest(95)(77)(66)(61)(66)(328)
Comprehensive income, net of tax, attributable to parent:2,5762,5571,780452,1871,929

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.

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