Boardwalk Pipeline Partners LP (BWP) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments393441853
Cash and cash equivalents393441853
Receivables126115132154133140130
Inventory, net of allowances, customer advances and progress billings26   7111
Inventory26   7111
Prepaid expense21191621181817
Regulatory current assets  424   
Other current assets7741134
Other undisclosed current assets393089586
Total current assets:259174168212181174170
Noncurrent Assets
Inventory, Noncurrent     9498
Property, plant and equipment8,5418,5508,4808,3868,263  
Intangible assets, net (including goodwill)     237237
Goodwill     237237
Other noncurrent assets531507496451464139141
Total noncurrent assets:9,0729,0568,9758,8368,726470476
Other undisclosed assets     7,9947,654
TOTAL ASSETS:9,3319,2309,1439,0498,9078,6388,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities207202211202217269239
Accounts payable7164777188138119
Employee-related liabilities37353834343933
Taxes payable66706059575347
Interest and dividends payable33333638384140
Deferred revenue452
Regulatory liability1314     
Accrued environmental loss contingencies111112 
Asset retirement obligation384697 
Due to related parties21091211
Customer refund liability      16
Deferred revenue and credits287
Other liabilities21252826222846
Other undisclosed current liabilities82152228175
Total current liabilities:260267270257280333314
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,3353,4613,5663,7013,6873,5589
Finance lease, liability567
Capital lease obligations8899
Other undisclosed long-term debt and lease obligation3,3293,4553,5593,6943,6793,549 
Liabilities, other than long-term debt, including:268253248228215216143
Deferred revenue1612 
Asset retirement obligations62555756464538
Liability, pension and other postretirement and postemployment benefits6182125222224
Accrued environmental loss contingencies333443 
Due to related parties    161616
Other liabilities113999678657064
Other undisclosed liabilities, other than long-term debt706672656260 
Other undisclosed noncurrent liabilities      48
Total noncurrent liabilities:3,6033,7143,8143,9293,9013,774200
Total liabilities:3,8623,9814,0844,1874,1824,107514
Stockholders' equity
Stockholders' equity attributable to parent(73)(80)(81)(85)(81)(80)(84)
Accumulated other comprehensive loss(73)(80)(81)(85)(81)(80)(84)
Total stockholders' equity:(73)(80)(81)(85)(81)(80)(84)
Other undisclosed liabilities and equity5,5425,3295,1414,9474,8064,6117,870
TOTAL LIABILITIES AND EQUITY:9,3319,2309,1439,0498,9078,6388,300

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,3401,2981,2951,2241,3231,3071,249
Revenue, net1,3021,2891,238
Gross profit:1,3401,2981,2951,2241,3231,3071,249
Operating expenses(873)(843)(822)(809)(856)(830)(853)
Operating income:467455474415467478396
Nonoperating expense(151)(164)(178)(174)(169)(175)(173)
Interest and debt expense(161)(170)(179)(176)(171)(183)(176)
Income from continuing operations before equity method investments, income taxes:1551211186512712046
Other undisclosed income from continuing operations before income taxes161170179176171183176
Income from continuing operations before income taxes:316291296241298303223
Income tax expense(1)(0)(1)(1)(1)(1)(1)
Net income available to common stockholders, diluted:315291296240297302222

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:315291296240297302222
Other comprehensive income (loss)714(4)(1)4(12)
Comprehensive income, net of tax, attributable to parent:322292300236296306211

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: