Tallgrass Energy, LP (TGE) financial statements (2021 and earlier)

Company profile

Business Address 4200 W. 115TH STREET, SUITE 350
LEAWOOD, KS 66211
State of Incorp. DE
Fiscal Year End December 31
SIC 4922 - Natural Gas Transmission (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 investments9169151065
Cash and cash equivalents9169151065
Receivables324246236227236239217
Inventory, net of allowances, customer advances and progress billings49413328342921
Inventory49413328342921
Prepaid expense   18121613
Other current assets121516    
Total current assets:395318294288292290256
Noncurrent Assets
Finance lease, right-of-use asset313131 
Operating lease, right-of-use asset131212 
Property, plant and equipment2,7752,8652,8212,7502,8022,6622,595
Long-term investments and receivables2,0061,9651,9991,9891,8621,8731,475
Long-term investments2,0061,9651,9991,9891,8621,8731,475
Intangible assets, net (including goodwill)683688697646649538540
Goodwill441441443422422405405
Intangible assets, net (excluding goodwill)242247254224227133135
Deferred tax assets, net379274292298
Other undisclosed noncurrent assets31232434616151515
Total noncurrent assets:5,8195,8855,9045,7815,6025,3804,922
TOTAL ASSETS:6,2146,2036,1986,0695,8945,6705,178
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities361270258237285279277
Accounts payable246196182187202223197
Accrued liabilities51221610231815
Taxes payable25282127212519
Interest and dividends payable39243913391346
Deferred revenue128125127 
Debt111    
Deferred revenue and credits100
Other undisclosed current liabilities37413916815411812
Total current liabilities:527437425405439397389
Noncurrent Liabilities
Long-term debt and lease obligation3,4413,4513,4373,3323,2063,0342,536
Long-term debt, excluding current maturities3,4413,4513,4373,3323,2063,0342,536
Liabilities, other than long-term debt, including:53535333322020
Other undisclosed liabilities, other than long-term debt53535333322020
Total noncurrent liabilities:3,4943,5053,4913,3653,2383,0542,556
Total liabilities:4,0213,9423,9163,7693,6763,4512,945
Stockholders' equity
Other undisclosed stockholders' equity2,1932,2612,282    
Total stockholders' equity:2,1932,2612,282    
Other undisclosed liabilities and equity   2,3002,2172,2192,234
TOTAL LIABILITIES AND EQUITY:6,2146,2036,1986,0695,8945,6705,178

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

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
Revenues233227212197220200194
Revenue, net194
Cost of revenue(90)(77)(80)(76)(86)(76)(77)
Cost of goods and services sold(0)(0)(1)   (28)
Gross profit:143150132121134124117
Operating expenses(56)(44)(42)(51)(35)(34)(38)
Operating income:871069070999079
Nonoperating income14455949464147
Interest and debt expense (42)(41)    
Other undisclosed income from continuing operations before equity method investments, income taxes122   2  
Income from continuing operations before equity method investments, income taxes:222109108119147131127
Other undisclosed income (loss) from continuing operations before income taxes(122)4241 (2)  
Income from continuing operations before income taxes:100151148119145131127
Income tax expense(9)(23)(22)(17)(20)(12)(17)
Net income:91128126102125119110
Net loss attributable to noncontrolling interest(37)(56)(55)(52)(65)(59)(109)
Net income available to common stockholders, basic:5473725160601
Dilutive securities, effect on basic earnings per share000010 
Net income available to common stockholders, diluted:5473725161601

Comprehensive Income ($ in millions)

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:91128126102125119110
Comprehensive income:91128126102125119110
Comprehensive loss, net of tax, attributable to noncontrolling interest(37)(56)(55)(52)(65)(59)(109)
Comprehensive income, net of tax, attributable to parent:5473725160601

Statements sources

The financial statements are based on the company's filings with the 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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