Boardwalk Pipeline Partners LP (BWP) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments441853729
Cash and cash equivalents441853729
Receivables132154133140130111119
Inventory, net of allowances, customer advances and progress billings  71114
Inventory  71114 
Prepaid expense16211818171513
Regulatory current assets424    1
Other current assets4113446
Other undisclosed current assets89586910
Total current assets:168212181174170150177
Noncurrent Assets
Inventory, Noncurrent   94988680
Property, plant and equipment8,4808,3868,263  7,5897,234
Long-term investments and receivables      79
Long-term investments      79
Intangible assets, net (including goodwill)   237237293253
Goodwill   237237237216
Intangible assets, net (excluding goodwill)     5637
Other noncurrent assets496451464139141144130
Other undisclosed noncurrent assets     (7,645)(7,271)
Total noncurrent assets:8,9758,8368,726470476468503
Other undisclosed assets   7,9947,6547,5897,234
TOTAL ASSETS:9,1439,0498,9078,6388,3008,2077,915
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities211202217269239173138
Accounts payable7771881381195265
Employee-related liabilities38343439332626
Taxes payable60595753474746
Interest and dividends payable363838414047 
Deferred revenue2
Accrued environmental loss contingencies1112 22
Asset retirement obligation4697 68
Due to related parties9121121
Customer refund liability    16  
Deferred revenue and credits28729
Other liabilities28262228462528
Other undisclosed current liabilities1522281751151
Total current liabilities:270257280333314220236
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,5663,7013,6873,55893,6903,424
Finance lease, liability7
Capital lease obligations88991010
Other undisclosed long-term debt and lease obligation3,5593,6943,6793,549 3,6803,414
Liabilities, other than long-term debt, including:248228215216143139138
Pension and other postretirement defined benefit plans, liabilities17
Asset retirement obligations57564645384039
Liability, pension and other postretirement and postemployment benefits212522222419
Accrued environmental loss contingencies3443 55
Due to related parties  1616161616
Other liabilities96786570645961
Other undisclosed liabilities, other than long-term debt72656260   
Other undisclosed noncurrent liabilities    48(3,634)(3,372)
Total noncurrent liabilities:3,8143,9293,9013,774200195191
Total liabilities:4,0844,1874,1824,107514415427
Stockholders' equity
Stockholders' equity attributable to parent(81)(85)(81)(80)(84)(73)(64)
Accumulated other comprehensive loss(81)(85)(81)(80)(84)(73)(64)
Total stockholders' equity:(81)(85)(81)(80)(84)(73)(64)
Other undisclosed liabilities and equity5,1414,9474,8064,6117,8707,8657,552
TOTAL LIABILITIES AND EQUITY:9,1439,0498,9078,6388,3008,2077,915

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,2951,2241,3231,3071,2491,2341,206
Revenue, net1,3021,2891,238145111
Cost of revenue
(Cost of Goods and Services Sold)
     (121) 
Gross profit:1,2951,2241,3231,3071,2491,1131,206
Operating expenses(822)(809)(856)(830)(853)(836)(791)
Other undisclosed operating income     121 
Operating income:474415467478396398415
Nonoperating expense(178)(174)(169)(175)(173)(251)(164)
Interest and debt expense(179)(176)(171)(183)(176)(166)(163)
Income (loss) from continuing operations before equity method investments, income taxes:1186512712046(18)87
Loss from equity method investments     (87)(1)
Other undisclosed income from continuing operations before income taxes179176171183176252165
Income from continuing operations before income taxes:296241298303223147251
Income tax expense(1)(1)(1)(1)(1)(0)(1)
Net income:296240297302222147250
Net income attributable to noncontrolling interest     874
Net income available to common stockholders, diluted:296240297302222234254

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:296240297302222147250
Other comprehensive income (loss)4(4)(1)4(12)(9)4
Comprehensive income:300236296306211138254
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     87(4)
Other undisclosed comprehensive income, net of tax, attributable to parent      7
Comprehensive income, net of tax, attributable to parent:300236296306211225257

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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