Boardwalk Pipeline Partners LP (BWP) financial statements (2021 and earlier)
Company profile
| Business Address |
9 GREENWAY PLAZA, SUITE 2800 HOUSTON, TX 77046 |
| 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)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3 | 4 | 4 | 18 | 5 | 3 | 7 | ||
| Cash and cash equivalents | 3 | 4 | 4 | 18 | 5 | 3 | 7 | ||
| Receivables | 115 | 132 | 154 | 133 | 140 | 130 | 111 | ||
| Inventory, net of allowances, customer advances and progress billings | 7 | 1 | 11 | 4 | |||||
| Inventory | 7 | 1 | 11 | 4 | |||||
| Prepaid expense | 19 | 16 | 21 | 18 | 18 | 17 | 15 | ||
| Regulatory current assets | 4 | 24 | |||||||
| Other current assets | 7 | 4 | 1 | 1 | 3 | 4 | 4 | ||
| Other undisclosed current assets | 30 | 8 | 9 | 5 | 8 | 6 | 9 | ||
| Total current assets: | 174 | 168 | 212 | 181 | 174 | 170 | 150 | ||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 94 | 98 | 86 | ||||||
| Property, plant and equipment | 8,550 | 8,480 | 8,386 | 8,263 | 7,589 | ||||
| Intangible assets, net (including goodwill) | 237 | 237 | 293 | ||||||
| Goodwill | 237 | 237 | 237 | ||||||
| Intangible assets, net (excluding goodwill) | 56 | ||||||||
| Other noncurrent assets | 507 | 496 | 451 | 464 | 139 | 141 | 144 | ||
| Other undisclosed noncurrent assets | (7,645) | ||||||||
| Total noncurrent assets: | 9,056 | 8,975 | 8,836 | 8,726 | 470 | 476 | 468 | ||
| Other undisclosed assets | 7,994 | 7,654 | 7,589 | ||||||
| TOTAL ASSETS: | 9,230 | 9,143 | 9,049 | 8,907 | 8,638 | 8,300 | 8,207 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 202 | 211 | 202 | 217 | 269 | 239 | 173 | ||
| Accounts payable | 64 | 77 | 71 | 88 | 138 | 119 | 52 | ||
| Employee-related liabilities | 35 | 38 | 34 | 34 | 39 | 33 | 26 | ||
| Taxes payable | 70 | 60 | 59 | 57 | 53 | 47 | 47 | ||
| Interest and dividends payable | 33 | 36 | 38 | 38 | 41 | 40 | 47 | ||
| Deferred revenue | 5 | 2 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Regulatory liability | 14 | ||||||||
| Accrued environmental loss contingencies | 1 | 1 | 1 | 1 | 2 | 2 | |||
| Asset retirement obligation | 8 | 4 | 6 | 9 | 7 | 6 | |||
| Due to related parties | 10 | 9 | 1 | 2 | 1 | 1 | 2 | ||
| Customer refund liability | 16 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 2 | 8 | 7 | 2 | ||
| Other liabilities | 25 | 28 | 26 | 22 | 28 | 46 | 25 | ||
| Other undisclosed current liabilities | 2 | 15 | 22 | 28 | 17 | 5 | 11 | ||
| Total current liabilities: | 267 | 270 | 257 | 280 | 333 | 314 | 220 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,461 | 3,566 | 3,701 | 3,687 | 3,558 | 9 | 3,690 | ||
| Finance lease, liability | 6 | 7 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | 8 | 8 | 9 | 9 | 10 | ||
| Other undisclosed long-term debt and lease obligation | 3,455 | 3,559 | 3,694 | 3,679 | 3,549 | 3,680 | |||
| Liabilities, other than long-term debt, including: | 253 | 248 | 228 | 215 | 216 | 143 | 139 | ||
| Deferred revenue | 12 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Asset retirement obligations | 55 | 57 | 56 | 46 | 45 | 38 | 40 | ||
| Liability, pension and other postretirement and postemployment benefits | 18 | 21 | 25 | 22 | 22 | 24 | 19 | ||
| Accrued environmental loss contingencies | 3 | 3 | 4 | 4 | 3 | 5 | |||
| Due to related parties | 16 | 16 | 16 | 16 | |||||
| Other liabilities | 99 | 96 | 78 | 65 | 70 | 64 | 59 | ||
| Other undisclosed liabilities, other than long-term debt | 66 | 72 | 65 | 62 | 60 | ||||
| Other undisclosed noncurrent liabilities | 48 | (3,634) | |||||||
| Total noncurrent liabilities: | 3,714 | 3,814 | 3,929 | 3,901 | 3,774 | 200 | 195 | ||
| Total liabilities: | 3,981 | 4,084 | 4,187 | 4,182 | 4,107 | 514 | 415 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (80) | (81) | (85) | (81) | (80) | (84) | (73) | ||
| Accumulated other comprehensive loss | (80) | (81) | (85) | (81) | (80) | (84) | (73) | ||
| Total stockholders' equity: | (80) | (81) | (85) | (81) | (80) | (84) | (73) | ||
| Other undisclosed liabilities and equity | 5,329 | 5,141 | 4,947 | 4,806 | 4,611 | 7,870 | 7,865 | ||
| TOTAL LIABILITIES AND EQUITY: | 9,230 | 9,143 | 9,049 | 8,907 | 8,638 | 8,300 | 8,207 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,298 | 1,295 | 1,224 | 1,323 | 1,307 | 1,249 | 1,234 | |
| Revenue, net | ✕ | ✕ | ✕ | 1,302 | 1,289 | 1,238 | 145 | |
| Cost of revenue (Cost of Goods and Services Sold) | (121) | |||||||
| Gross profit: | 1,298 | 1,295 | 1,224 | 1,323 | 1,307 | 1,249 | 1,113 | |
| Operating expenses | (843) | (822) | (809) | (856) | (830) | (853) | (836) | |
| Other undisclosed operating income | 121 | |||||||
| Operating income: | 455 | 474 | 415 | 467 | 478 | 396 | 398 | |
| Nonoperating expense | (164) | (178) | (174) | (169) | (175) | (173) | (251) | |
| Interest and debt expense | (170) | (179) | (176) | (171) | (183) | (176) | (166) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 121 | 118 | 65 | 127 | 120 | 46 | (18) | |
| Loss from equity method investments | (87) | |||||||
| Other undisclosed income from continuing operations before income taxes | 170 | 179 | 176 | 171 | 183 | 176 | 252 | |
| Income from continuing operations before income taxes: | 291 | 296 | 241 | 298 | 303 | 223 | 147 | |
| Income tax expense | (0) | (1) | (1) | (1) | (1) | (1) | (0) | |
| Net income: | 291 | 296 | 240 | 297 | 302 | 222 | 147 | |
| Net income attributable to noncontrolling interest | 87 | |||||||
| Net income available to common stockholders, diluted: | 291 | 296 | 240 | 297 | 302 | 222 | 234 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 291 | 296 | 240 | 297 | 302 | 222 | 147 | |
| Other comprehensive income (loss) | 1 | 4 | (4) | (1) | 4 | (12) | (9) | |
| Comprehensive income: | 292 | 300 | 236 | 296 | 306 | 211 | 138 | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 87 | |||||||
| Comprehensive income, net of tax, attributable to parent: | 292 | 300 | 236 | 296 | 306 | 211 | 225 | |
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.