Markwest Energy Partners LP (MWE) Financial Statements (2026 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 thousands)Annual | Quarterly
| 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 45,162 | 236,284 | 108,887 | 98,036 | 299,412 | 123,481 | |||
| Cash and cash equivalent | 45,162 | 236,284 | 108,887 | 98,036 | 299,412 | 123,481 | |||
| Restricted cash and investments | 10,000 | 10,000 | 20,000 | 20,000 | |||||
| Receivables | 5,348 | 5,669 | 309,356 | 306,200 | 306,101 | 283,249 | |||
| Inventory, net of allowances, customer advances and progress billings | 31,358 | 27,718 | 31,749 | 64,737 | 62,735 | 47,666 | |||
| Inventory | 31,358 | 27,718 | 31,749 | 64,737 | 62,735 | 47,666 | |||
| Deferred costs | 20,000 | 20,000 | 20,052 | 20,130 | 20,208 | 26,081 | |||
| Derivative instruments and hedges, assets | 15,151 | 19,164 | 20,921 | 7,078 | 5,935 | 10,906 | |||
| Other current assets | 26,622 | 34,754 | 46,731 | 40,040 | 34,700 | 42,146 | |||
| Deferred tax assets | 10 | 10 | 9 | 6,552 | 13,575 | 17,205 | |||
| Other undisclosed current assets | 253,634 | 244,125 | (20,052) | (6,184) | 3,769 | (16,081) | |||
| Total current assets: | 407,285 | 597,724 | 537,653 | 556,589 | 746,435 | 534,653 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 9,135,811 | 8,888,937 | 8,652,900 | 8,207,235 | 7,736,888 | 8,231,195 | |||
| Long-term investments and receivables | 888,820 | 838,766 | 805,633 | 754,897 | 629,927 | 82,006 | |||
| Long-term investments | 888,820 | 838,766 | 805,633 | 754,897 | 629,927 | 82,006 | |||
| Intangible assets, net (including goodwill) | 840,665 | 856,261 | 891,688 | 970,770 | 987,083 | 1,003,671 | |||
| Goodwill | 79,729 | 79,729 | 82,411 | 144,856 | 144,856 | 144,856 | |||
| Intangible assets, net (excluding goodwill) | 760,936 | 776,532 | 809,277 | 825,914 | 842,227 | 858,815 | |||
| Derivative instruments and hedges | 7,976 | 10,291 | 16,507 | 58 | 31 | ||||
| Restricted cash and investments | 10,000 | 10,000 | |||||||
| Deferred costs | 55,592 | 58,336 | 52,919 | 48,335 | 49,841 | 51,183 | |||
| Other noncurrent assets | 3,410 | 3,452 | 3,426 | 3,551 | 3,008 | 3,427 | |||
| Other undisclosed noncurrent assets | 20,000 | 20,000 | 20,052 | 20,130 | 20,208 | 26,081 | |||
| Total noncurrent assets: | 10,952,274 | 10,676,043 | 10,443,125 | 10,004,976 | 9,436,955 | 9,407,594 | |||
| TOTAL ASSETS: | 11,359,559 | 11,273,767 | 10,980,778 | 10,561,565 | 10,183,390 | 9,942,247 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 470,476 | 507,679 | 725,484 | 748,848 | 720,541 | 862,336 | |||
| Interest and dividends payable | 55,441 | ||||||||
| Taxes payable | 19,415 | ||||||||
| Employee-related liabilities | 19,625 | ||||||||
| Accounts payable | 193,329 | 233,929 | 270,997 | 400,619 | 381,953 | 435,589 | |||
| Accrued liabilities | 277,147 | 273,750 | 360,006 | 348,229 | 338,588 | 426,747 | |||
| Derivative instruments and hedges, liabilities | 1,164 | 187 | 10,559 | 21,930 | 22,295 | ||||
| Other liabilities | 470,807 | 508,011 | 631,242 | 748,848 | 720,541 | 862,336 | |||
| Deferred tax liabilities | 331 | 332 | 239 | ||||||
| Due to related parties | 12,009 | 11,295 | 8,621 | 7,147 | |||||
| Other undisclosed current liabilities | (470,807) | (508,011) | (725,723) | (748,848) | (720,541) | (862,336) | |||
| Total current liabilities: | 483,980 | 519,493 | 639,863 | 766,554 | 742,471 | 884,631 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,540,663 | 4,184,463 | 3,621,404 | 3,549,521 | 3,464,637 | 3,400,554 | |||
| Long-term debt, excluding current maturities | 4,540,663 | 4,184,463 | 3,621,404 | 3,549,521 | 3,464,637 | 3,400,554 | |||
| Liabilities, other than long-term debt | 506,115 | 518,983 | 526,272 | 509,725 | 504,021 | 482,766 | |||
| Deferred tax liabilities, net | 342,938 | 353,351 | 357,260 | 321,247 | 305,525 | 301,646 | |||
| Other liabilities | 163,122 | 165,632 | 169,012 | 165,424 | 162,828 | 159,659 | |||
| Derivative instruments and hedges, liabilities | 55 | 23,054 | 35,668 | 21,461 | |||||
| Total noncurrent liabilities: | 5,046,778 | 4,703,446 | 4,147,676 | 4,059,246 | 3,968,658 | 3,883,320 | |||
| Total liabilities: | 5,530,758 | 5,222,939 | 4,787,539 | 4,825,800 | 4,711,129 | 4,767,951 | |||
| Temporary equity, including noncontrolling interest | 62,407 | 70,711 | 131,565 | ||||||
| Equity | |||||||||
| Equity, attributable to noncontrolling interest | 1,022,154 | 1,015,034 | 983,477 | 901,610 | 885,532 | 827,199 | |||
| Other undisclosed equity | 4,516,018 | 4,215,532 | |||||||
| Total equity: | 1,022,154 | 1,015,034 | 983,477 | 901,610 | 5,401,550 | 5,042,731 | |||
| Other undisclosed liabilities and equity | 4,806,647 | 5,035,794 | 5,209,762 | 4,771,748 | |||||
| TOTAL LIABILITIES AND EQUITY: | 11,359,559 | 11,273,767 | 10,980,778 | 10,561,565 | 10,183,390 | 9,942,247 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 459,628 | 467,330 | 538,245 | 607,086 | 518,366 | 512,476 | ||
| Revenue, net | 464,890 | 466,062 | 680,503 | 602,457 | 525,119 | 516,443 | ||
| Cost of revenue | (211,842) | (220,458) | (250,772) | (330,380) | (311,760) | (295,269) | ||
| Cost of product and service sold | (211,842) | (215,300) | (250,772) | (330,380) | (299,369) | (295,269) | ||
| Gross profit: | 247,786 | 246,872 | 287,473 | 276,706 | 206,606 | 217,207 | ||
| Operating expenses | (177,698) | (194,340) | (226,588) | (149,049) | (150,980) | (153,347) | ||
| Other undisclosed operating income | 265 | 49,213 | 11,838 | 8,141 | ||||
| Operating income: | 70,353 | 52,532 | 110,098 | 139,495 | 55,626 | 72,001 | ||
| Nonoperating income (expense) | 46 | (51,132) | (43,224) | (42,417) | (45,518) | (43,539) | ||
| Other nonoperating income | 46 | 48 | 3,323 | 55 | 33 | 10 | ||
| Interest and debt expense | (117,860) | (50,057) | (42,549) | (39,448) | (43,391) | (40,984) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (47,461) | (48,657) | 24,325 | 57,630 | (33,283) | (12,522) | ||
| Income (loss) from equity method investments | 3,262 | 512 | (2,451) | (1,555) | (721) | 250 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (53,649) | 49,545 | 45,000 | 41,003 | 44,112 | 40,734 | ||
| Income (loss) from continuing operations before income taxes: | (97,848) | 1,400 | 66,874 | 97,078 | 10,108 | 28,462 | ||
| Income tax expense (benefit) | 11,456 | 4,121 | (21,583) | (11,030) | 2,940 | (12,546) | ||
| Income (loss) from continuing operations: | (86,392) | 5,521 | 45,291 | 86,048 | 13,048 | 15,916 | ||
| Income (loss) before gain (loss) on sale of properties: | (86,392) | 5,521 | 45,291 | 86,048 | 13,048 | 15,916 | ||
| Net income (loss): | (86,392) | 5,521 | 45,291 | 86,048 | 13,048 | 15,916 | ||
| Net loss attributable to noncontrolling interest | (15,094) | (14,604) | (10,313) | (8,614) | (4,071) | (3,424) | ||
| Net income (loss) attributable to parent: | (101,486) | (9,083) | 34,978 | 77,434 | 8,977 | 12,492 | ||
| Other undisclosed net loss available to common stockholders, basic | (644) | (642) | (573) | (560) | (551) | (545) | ||
| Net income (loss) available to common stockholders, basic: | (102,130) | (9,725) | 34,405 | 76,874 | 8,426 | 11,947 | ||
| Other undisclosed net income available to common stockholders, diluted | 598 | 583 | 574 | 568 | ||||
| Net income (loss) available to common stockholders, diluted: | (102,130) | (9,725) | 35,003 | 77,457 | 9,000 | 12,515 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (86,392) | 5,521 | 45,291 | 86,048 | 13,048 | 15,916 | ||
| Comprehensive income (loss): | (86,392) | 5,521 | 45,291 | 86,048 | 13,048 | 15,916 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (15,094) | (14,604) | (10,313) | (8,614) | 4,071 | 3,424 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (101,486) | (9,083) | 34,978 | 77,434 | 17,119 | 19,340 | ||
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.