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)

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 investments15,9679,42915,0429,5965,5215,031
Cash and cash equivalents15,9679,42915,0429,5965,5215,031
Receivables246,293235,665227,284236,097239,069216,896
Inventory, net of allowances, customer advances and progress billings41,02832,66927,95434,31629,31721,063
Inventory41,02832,66927,95434,31629,31721,063
Prepaid expense   18,21911,81616,34412,829
Other current assets14,78515,967    
Total current assets:318,073293,730288,499291,825290,251255,819
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization30,70430,704 
Operating lease, right-of-use asset11,67311,609 
Property, plant and equipment2,865,1072,820,9652,750,3752,802,4292,662,0552,595,063
Long-term investments and receivables1,964,9491,998,6281,988,7971,861,6861,872,8791,475,056
Long-term investments1,964,9491,998,6281,988,7971,861,6861,872,8791,475,056
Intangible assets, net (including goodwill)688,045696,557645,690649,086537,664539,501
Goodwill441,361442,672421,983421,983404,838404,838
Intangible assets, net (excluding goodwill)246,684253,885223,707227,103132,826134,663
Deferred tax assets, net379,422273,531291,886298,112
Other undisclosed noncurrent assets324,346345,80116,44214,95215,30514,645
Total noncurrent assets:5,884,8245,904,2645,780,7265,601,6845,379,7894,922,377
TOTAL ASSETS:6,202,8976,197,9946,069,2255,893,5095,670,0405,178,196
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities270,267257,722236,792284,750279,140277,027
Interest and dividends payable24,01238,88012,53439,21712,52346,448
Taxes payable28,42721,36626,96220,73425,43719,221
Accounts payable196,033181,726187,321201,512223,148196,705
Accrued liabilities21,79515,7509,97523,28718,03214,653
Deferred revenue125,198127,353 
Debt1,239988    
Deferred revenue and credits99,991
Other undisclosed current liabilities40,52039,260167,835154,005118,06111,937
Total current liabilities:437,224425,323404,627438,755397,201388,955
Noncurrent Liabilities
Long-term debt and lease obligation3,451,2683,437,4903,331,7163,205,9583,033,6742,535,555
Long-term debt, excluding current maturities3,451,2683,437,4903,331,7163,205,9583,033,6742,535,555
Liabilities, other than long-term debt, including:53,35753,18233,11831,68820,11720,036
Other undisclosed liabilities, other than long-term debt53,35753,18233,11831,68820,11720,036
Total noncurrent liabilities:3,504,6253,490,6723,364,8343,237,6463,053,7912,555,591
Total liabilities:3,941,8493,915,9953,769,4613,676,4013,450,9922,944,546
Equity
Other undisclosed equity2,261,0482,281,999    
Total equity:2,261,0482,281,999    
Other undisclosed liabilities and equity   2,299,7642,217,1082,219,0482,233,650
TOTAL LIABILITIES AND EQUITY:6,202,8976,197,9946,069,2255,893,5095,670,0405,178,196

Income Statement (P&L) ($ in thousands)

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
Revenues226,709211,524197,352220,256200,320193,589
Revenue, net193,589
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:149,962131,811120,996134,473123,831117,079
Operating expenses(44,096)(42,215)(50,532)(35,114)(33,747)(37,804)
Operating income:105,86689,59670,46499,35990,08479,275
Nonoperating income45,20058,61548,99445,79740,62547,235
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:109,441107,616119,458147,356130,709126,510
Other undisclosed income (loss) from continuing operations before income taxes41,62540,595 (2,200)  
Income from continuing operations before income taxes:151,066148,211119,458145,156130,709126,510
Income tax expense(22,577)(21,981)(17,066)(20,211)(11,997)(16,809)
Income from continuing operations:128,489126,230102,392124,945118,712109,701
Income before gain (loss) on sale of properties:128,489126,230102,392124,945118,712109,701
Net income:128,489126,230102,392124,945118,712109,701
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:72,52471,61950,58759,77959,5501,063
Dilutive securities, effect on basic earnings per share2643262061,011304 
Net income available to common stockholders, diluted:72,78871,94550,79360,79059,8541,063

Comprehensive Income ($ in thousands)

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:128,489126,230102,392124,945118,712109,701
Comprehensive income:128,489126,230102,392124,945118,712109,701
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:72,52471,61950,58759,77959,5501,063

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.

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