Tallgrass Energy, LP (TGE) Financial Statements (2024 and earlier)
Company Profile
Business Address |
4200 W. 115TH STREET, SUITE 350 LEAWOOD, KS 66211 |
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 thousands)Annual | Quarterly
12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 15,967 | 9,429 | 15,042 | 9,596 | 5,521 | 5,031 | |||
Cash and cash equivalents | 15,967 | 9,429 | 15,042 | 9,596 | 5,521 | 5,031 | |||
Receivables | 246,293 | 235,665 | 227,284 | 236,097 | 239,069 | 216,896 | |||
Inventory, net of allowances, customer advances and progress billings | 41,028 | 32,669 | 27,954 | 34,316 | 29,317 | 21,063 | |||
Inventory | 41,028 | 32,669 | 27,954 | 34,316 | 29,317 | 21,063 | |||
Prepaid expense | 18,219 | 11,816 | 16,344 | 12,829 | |||||
Other current assets | 14,785 | 15,967 | |||||||
Total current assets: | 318,073 | 293,730 | 288,499 | 291,825 | 290,251 | 255,819 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 30,704 | 30,704 | ✕ | ✕ | ✕ | ||||
Operating lease, right-of-use asset | 11,673 | 11,609 | ✕ | ✕ | ✕ | ||||
Property, plant and equipment | 2,865,107 | 2,820,965 | 2,750,375 | 2,802,429 | 2,662,055 | 2,595,063 | |||
Long-term investments and receivables | 1,964,949 | 1,998,628 | 1,988,797 | 1,861,686 | 1,872,879 | 1,475,056 | |||
Long-term investments | 1,964,949 | 1,998,628 | 1,988,797 | 1,861,686 | 1,872,879 | 1,475,056 | |||
Intangible assets, net (including goodwill) | 688,045 | 696,557 | 645,690 | 649,086 | 537,664 | 539,501 | |||
Goodwill | 441,361 | 442,672 | 421,983 | 421,983 | 404,838 | 404,838 | |||
Intangible assets, net (excluding goodwill) | 246,684 | 253,885 | 223,707 | 227,103 | 132,826 | 134,663 | |||
Deferred tax assets, net | ✕ | ✕ | ✕ | 379,422 | 273,531 | 291,886 | 298,112 | ||
Other undisclosed noncurrent assets | 324,346 | 345,801 | 16,442 | 14,952 | 15,305 | 14,645 | |||
Total noncurrent assets: | 5,884,824 | 5,904,264 | 5,780,726 | 5,601,684 | 5,379,789 | 4,922,377 | |||
TOTAL ASSETS: | 6,202,897 | 6,197,994 | 6,069,225 | 5,893,509 | 5,670,040 | 5,178,196 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 270,267 | 257,722 | 236,792 | 284,750 | 279,140 | 277,027 | |||
Interest and dividends payable | 24,012 | 38,880 | 12,534 | 39,217 | 12,523 | 46,448 | |||
Taxes payable | 28,427 | 21,366 | 26,962 | 20,734 | 25,437 | 19,221 | |||
Accounts payable | 196,033 | 181,726 | 187,321 | 201,512 | 223,148 | 196,705 | |||
Accrued liabilities | 21,795 | 15,750 | 9,975 | 23,287 | 18,032 | 14,653 | |||
Deferred revenue | 125,198 | 127,353 | ✕ | ✕ | ✕ | ||||
Debt | 1,239 | 988 | |||||||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 99,991 | ||
Other undisclosed current liabilities | 40,520 | 39,260 | 167,835 | 154,005 | 118,061 | 11,937 | |||
Total current liabilities: | 437,224 | 425,323 | 404,627 | 438,755 | 397,201 | 388,955 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 3,451,268 | 3,437,490 | 3,331,716 | 3,205,958 | 3,033,674 | 2,535,555 | |||
Long-term debt, excluding current maturities | 3,451,268 | 3,437,490 | 3,331,716 | 3,205,958 | 3,033,674 | 2,535,555 | |||
Liabilities, other than long-term debt, including: | 53,357 | 53,182 | 33,118 | 31,688 | 20,117 | 20,036 | |||
Other undisclosed liabilities, other than long-term debt | 53,357 | 53,182 | 33,118 | 31,688 | 20,117 | 20,036 | |||
Total noncurrent liabilities: | 3,504,625 | 3,490,672 | 3,364,834 | 3,237,646 | 3,053,791 | 2,555,591 | |||
Total liabilities: | 3,941,849 | 3,915,995 | 3,769,461 | 3,676,401 | 3,450,992 | 2,944,546 | |||
Equity | |||||||||
Other undisclosed equity | 2,261,048 | 2,281,999 | |||||||
Total equity: | 2,261,048 | 2,281,999 | |||||||
Other undisclosed liabilities and equity | 2,299,764 | 2,217,108 | 2,219,048 | 2,233,650 | |||||
TOTAL LIABILITIES AND EQUITY: | 6,202,897 | 6,197,994 | 6,069,225 | 5,893,509 | 5,670,040 | 5,178,196 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 226,709 | 211,524 | 197,352 | 220,256 | 200,320 | 193,589 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 193,589 | |
Cost of revenue | (76,747) | (79,713) | (76,356) | (85,783) | (76,489) | (76,510) | ||
Cost of goods and services sold | (210) | (520) | (27,694) | |||||
Gross profit: | 149,962 | 131,811 | 120,996 | 134,473 | 123,831 | 117,079 | ||
Operating expenses | (44,096) | (42,215) | (50,532) | (35,114) | (33,747) | (37,804) | ||
Operating income: | 105,866 | 89,596 | 70,464 | 99,359 | 90,084 | 79,275 | ||
Nonoperating income | 45,200 | 58,615 | 48,994 | 45,797 | 40,625 | 47,235 | ||
Interest and debt expense | (41,625) | (40,595) | ||||||
Other undisclosed income from continuing operations before equity method investments, income taxes | 2,200 | |||||||
Income from continuing operations before equity method investments, income taxes: | 109,441 | 107,616 | 119,458 | 147,356 | 130,709 | 126,510 | ||
Other undisclosed income (loss) from continuing operations before income taxes | 41,625 | 40,595 | (2,200) | |||||
Income from continuing operations before income taxes: | 151,066 | 148,211 | 119,458 | 145,156 | 130,709 | 126,510 | ||
Income tax expense | (22,577) | (21,981) | (17,066) | (20,211) | (11,997) | (16,809) | ||
Income from continuing operations: | 128,489 | 126,230 | 102,392 | 124,945 | 118,712 | 109,701 | ||
Income before gain (loss) on sale of properties: | 128,489 | 126,230 | 102,392 | 124,945 | 118,712 | 109,701 | ||
Net income: | 128,489 | 126,230 | 102,392 | 124,945 | 118,712 | 109,701 | ||
Net loss attributable to noncontrolling interest | (55,965) | (54,611) | (51,805) | (65,166) | (59,162) | (108,638) | ||
Net income available to common stockholders, basic: | 72,524 | 71,619 | 50,587 | 59,779 | 59,550 | 1,063 | ||
Dilutive securities, effect on basic earnings per share | 264 | 326 | 206 | 1,011 | 304 | |||
Net income available to common stockholders, diluted: | 72,788 | 71,945 | 50,793 | 60,790 | 59,854 | 1,063 |
Comprehensive Income ($ in thousands)Annual | Quarterly
12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 128,489 | 126,230 | 102,392 | 124,945 | 118,712 | 109,701 | ||
Comprehensive income: | 128,489 | 126,230 | 102,392 | 124,945 | 118,712 | 109,701 | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (55,965) | (54,611) | (51,805) | (65,166) | (59,162) | (108,638) | ||
Comprehensive income, net of tax, attributable to parent: | 72,524 | 71,619 | 50,587 | 59,779 | 59,550 | 1,063 |
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.