Kinder Morgan Energy Partners LP (KMP) 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)Annual | Quarterly
| 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | 6/30/2013 Q2 | 3/31/2013 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 263 | 347 | 404 | 534 | 656 | 736 | |||
| Cash and cash equivalents | 263 | 347 | 404 | 534 | 656 | 736 | |||
| Receivables | 1,445 | 1,455 | 1,511 | 1,236 | 1,300 | 1,085 | |||
| Inventory, net of allowances, customer advances and progress billings | 424 | 381 | 393 | 399 | 313 | 352 | |||
| Inventory | 424 | 381 | 393 | 399 | 313 | 352 | |||
| Derivative instruments and hedges, assets | 59 | 33 | |||||||
| Regulatory asset | 66 | 42 | 34 | 26 | |||||
| Other current assets | 388 | 328 | 360 | 283 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 235 | 124 | ||
| Assets held-for-sale | ✕ | ✕ | ✕ | 32 | 32 | ||||
| Other undisclosed current assets | 172 | (66) | (42) | (34) | (26) | ||||
| Total current assets: | 2,520 | 2,683 | 2,668 | 2,452 | 2,595 | 2,362 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 29,285 | 28,558 | 27,405 | 26,742 | 26,023 | 22,584 | |||
| Long-term investments and receivables | 2,193 | 2,263 | 2,233 | 2,207 | 2,213 | 1,880 | |||
| Long-term investments | 2,193 | 2,263 | 2,233 | 2,207 | 2,213 | 1,880 | |||
| Intangible assets, net (including goodwill) | 9,066 | 8,986 | 8,961 | 8,980 | 8,991 | 6,535 | |||
| Goodwill | 6,721 | 6,606 | 6,547 | 6,532 | 6,532 | 5,412 | |||
| Intangible assets, net (excluding goodwill) | 2,345 | 2,380 | 2,414 | 2,448 | 2,459 | 1,123 | |||
| Derivative instruments and hedges | 340 | 552 | |||||||
| Regulated entity, other noncurrent assets | 325 | 334 | 255 | 203 | |||||
| Other noncurrent assets | 1,487 | 1,468 | 1,497 | ||||||
| Other undisclosed noncurrent assets | (9,333) | 1,270 | 992 | 1,036 | |||||
| Total noncurrent assets: | 42,031 | 41,275 | 31,088 | 39,533 | 38,814 | 32,790 | |||
| Other undisclosed assets | 9,008 | ||||||||
| TOTAL ASSETS: | 44,551 | 43,958 | 42,764 | 41,985 | 41,409 | 35,152 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,397 | 1,444 | 1,537 | 1,313 | 1,200 | 983 | |||
| Interest and dividends payable | |||||||||
| Accounts payable | 1,397 | 1,444 | 1,537 | 1,313 | 1,200 | 983 | |||
| Accrued liabilities | |||||||||
| Debt | 1,337 | 1,662 | 2,483 | 702 | 1,899 | 1,722 | |||
| Derivative instruments and hedges, liabilities | 28 | 49 | |||||||
| Regulatory liability | 123 | 112 | 117 | 4 | |||||
| Estimated litigation liability | 599 | 594 | 431 | ||||||
| Asset retirement obligation | 25 | ||||||||
| Other undisclosed current liabilities | 1,804 | 1,093 | 409 | 713 | 778 | 5 | |||
| Total current liabilities: | 4,538 | 4,199 | 4,577 | 3,439 | 4,616 | 3,194 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 19,610 | 19,610 | 18,410 | 20,242 | 18,755 | 18,415 | |||
| Long-term debt, excluding current maturities | 20,877 | 20,845 | 18,410 | 20,242 | 18,755 | 18,415 | |||
| Other undisclosed long-term debt and lease obligation | (1,267) | (1,235) | |||||||
| Liabilities, other than long-term debt | 297 | 277 | 617 | 1,606 | 1,558 | 1,371 | |||
| Deferred tax liabilities, net | 297 | 277 | 285 | 273 | 259 | 254 | |||
| Regulatory liability | 332 | 323 | 328 | 62 | |||||
| Other liabilities | 1,010 | 911 | 1,044 | ||||||
| Derivative instruments and hedges, liabilities | 60 | 11 | |||||||
| Other undisclosed noncurrent liabilities | 2,321 | 2,249 | 1,939 | (323) | (328) | (62) | |||
| Total noncurrent liabilities: | 22,228 | 22,136 | 20,966 | 21,525 | 19,985 | 19,724 | |||
| Total liabilities: | 26,766 | 26,335 | 25,543 | 24,964 | 24,601 | 22,918 | |||
| Commitments and contingencies | 529 | ||||||||
| Temporary equity, carrying amount | (529) | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (110) | (85) | 33 | 9,487 | 16,453 | 11,913 | |||
| Common stock | 9,416 | 9,395 | 5,137 | ||||||
| Accumulated other comprehensive income (loss) | (110) | (85) | 33 | 71 | 75 | 79 | |||
| Other undisclosed equity, attributable to parent | 6,983 | 6,697 | |||||||
| Equity, attributable to noncontrolling interest | 420 | 355 | 321 | ||||||
| Other undisclosed equity | 17,895 | 17,708 | 16,768 | 7,534 | |||||
| Total equity: | 17,785 | 17,623 | 17,221 | 17,021 | 16,808 | 12,234 | |||
| TOTAL LIABILITIES AND EQUITY: | 44,551 | 43,958 | 42,764 | 41,985 | 41,409 | 35,152 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | 6/30/2013 Q2 | 3/31/2013 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,577 | 3,652 | 3,471 | 3,381 | 3,017 | 2,661 | ||
| Revenue, net | 2,565 | 2,556 | 1,328 | 1,170 | 1,188 | |||
| Cost of revenue | (2,585) | (2,563) | 1,243 | (2,434) | (2,275) | (1,741) | ||
| Cost of goods and services sold | (1,602) | (1,638) | (1,531) | (1,248) | (957) | |||
| Gross profit: | 992 | 1,089 | 4,714 | 947 | 742 | 920 | ||
| Operating expenses | (137) | (156) | (7,067) | (80) | (141) | (136) | ||
| Other operating income (expense), net | (3) | (6) | ||||||
| Other undisclosed operating income (loss) | 3 | 6 | 3,330 | |||||
| Operating income: | 855 | 933 | 977 | 867 | 601 | 784 | ||
| Nonoperating income (expense) | (162) | (163) | (140) | (150) | 435 | 111 | ||
| Interest and debt expense | (223) | (219) | (214) | (199) | ||||
| Income from continuing operations before equity method investments, income taxes: | 693 | 770 | 614 | 498 | 822 | 696 | ||
| Income from equity method investments | 65 | 72 | 72 | 68 | 74 | 83 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (65) | (72) | 151 | 151 | 140 | 116 | ||
| Income from continuing operations before income taxes: | 693 | 770 | 837 | 717 | 1,036 | 895 | ||
| Income tax expense | (24) | (16) | (17) | (20) | (26) | (101) | ||
| Income from continuing operations: | 669 | 754 | 820 | 697 | 1,010 | 794 | ||
| Income before gain (loss) on sale of properties: | 669 | 754 | 818 | 697 | 1,010 | 792 | ||
| Loss from discontinued operations | (2) | (2) | ||||||
| Net income: | 669 | 754 | 818 | 697 | 1,010 | 792 | ||
| Net loss attributable to noncontrolling interest | (8) | (8) | (9) | (8) | (10) | (9) | ||
| Net income available to common stockholders, diluted: | 661 | 746 | 809 | 689 | 1,000 | 783 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | 6/30/2013 Q2 | 3/31/2013 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 669 | 754 | 818 | 697 | 1,010 | 792 | ||
| Other undisclosed comprehensive income (loss) | (25) | (119) | (38) | (4) | (4) | (90) | ||
| Comprehensive income: | 644 | 635 | 780 | 693 | 1,006 | 702 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 8 | 7 | 9 | 8 | 10 | 8 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (16) | (14) | (18) | (16) | (20) | (16) | ||
| Comprehensive income, net of tax, attributable to parent: | 636 | 628 | 771 | 685 | 996 | 694 | ||
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.