Markwest Energy Partners LP (MWE) Financial Statements (2025 and earlier)

Company Profile

Business Address 1515 ARAPAHOE STREET
DENVER, CO 80202
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

9/30/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 10985348
Cash and cash equivalent 10985348
Restricted cash and investments 20  
Receivables 309299199
Inventory, net of allowances, customer advances and progress billings 324125
Inventory 324125
Deferred costs 20271
Derivative instruments and hedges, assets 211120
Other current assets 4744✕
Prepaid expense and other current assets✕✕✕35
Deferred tax assets 0235
Other undisclosed current assets (20)(17)25
Total current assets: 538515657
Noncurrent Assets
Property, plant and equipment 8,6537,6935,076
Long-term investments and receivables 8067631
Long-term investments 8067631
Intangible assets, net (including goodwill) 8921,020997
Goodwill 82145142
Intangible assets, net (excluding goodwill) 809875855
Derivative instruments and hedges 17111
Restricted cash and investments  1010
Deferred costs 535251
Other noncurrent assets 34✕
Prepaid expense and other noncurrent assets✕✕✕2
Deferred tax assets, net   (191)
Other undisclosed noncurrent assets 2027192
Total noncurrent assets: 10,4438,8826,179
TOTAL ASSETS: 10,9819,3966,836
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 725850723
Interest and dividends payable 55  
Taxes payable 191211
Employee-related liabilities 20  
Accounts payable 271401321
Accrued liabilities 360438391
Derivative instruments and hedges, liabilities  2927
Other liabilities 631839712
Deferred tax liabilities 0  
Due to related parties 9  
Other undisclosed current liabilities (726)(850)(723)
Total current liabilities: 640868739
Noncurrent Liabilities
Long-term debt and lease obligation 3,6213,0232,523
Long-term debt, excluding current maturities 3,6213,0232,523
Liabilities, other than long-term debt 526472371
Deferred tax liabilities, net 357288204
Other liabilities 169157134
Derivative instruments and hedges, liabilities  2832
Other undisclosed noncurrent liabilities   (13)
Total noncurrent liabilities: 4,1483,4952,881
Total liabilities: 4,7884,3633,620
Temporary equity, including noncontrolling interest  236 
Equity
Equity, attributable to noncontrolling interest 983720328
Other undisclosed equity  4,0782,887
Total equity: 9834,7983,216
Other undisclosed liabilities and equity 5,210  
TOTAL LIABILITIES AND EQUITY: 10,9819,3966,836

Income Statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues 2,1761,6621,452
Revenue, net 2,3271,8101,479
Cost of revenue (1,176)(1,016)(739)
Cost of product and service sold (1,176)(982)(739)
Gross profit: 1,000646713
Operating expenses (680)(400)(351)
Other undisclosed operating income 57 20
Operating income: 377246382
Nonoperating expense (175)(154)(125)
Interest and debt expense (166)(190)(120)
Income (loss) from continuing operations before equity method investments, income taxes: 36(99)137
Income (loss) from equity method investments (4)11
Other undisclosed income from continuing operations before income taxes 171150119
Income from continuing operations before income taxes: 20353257
Income tax expense (42)(13)(38)
Income from continuing operations: 16040219
Income before gain (loss) on sale of properties: 16040219
Net income: 16040219
Net income (loss) attributable to noncontrolling interest (26)(2)2
Net income attributable to parent: 13438220
Other undisclosed net loss available to common stockholders, basic (2)(2)(2)
Net income available to common stockholders, basic: 13236218
Other undisclosed net income available to common stockholders, diluted 222
Net income available to common stockholders, diluted: 13438220

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net income: 16040219
Comprehensive income: 16040219
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (26)2(2)
Comprehensive income, net of tax, attributable to parent: 13443217

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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