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 investments34418537
Cash and cash equivalents34418537
Receivables115132154133140130111
Inventory, net of allowances, customer advances and progress billings   71114
Inventory   71114
Prepaid expense19162118181715
Regulatory current assets 424    
Other current assets7411344
Other undisclosed current assets30895869
Total current assets:174168212181174170150
Noncurrent Assets
Inventory, Noncurrent    949886
Property, plant and equipment8,5508,4808,3868,263  7,589
Intangible assets, net (including goodwill)    237237293
Goodwill    237237237
Intangible assets, net (excluding goodwill)      56
Other noncurrent assets507496451464139141144
Other undisclosed noncurrent assets      (7,645)
Total noncurrent assets:9,0568,9758,8368,726470476468
Other undisclosed assets    7,9947,6547,589
TOTAL ASSETS:9,2309,1439,0498,9078,6388,3008,207
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities202211202217269239173
Accounts payable6477718813811952
Employee-related liabilities35383434393326
Taxes payable70605957534747
Interest and dividends payable33363838414047
Deferred revenue52
Regulatory liability14      
Accrued environmental loss contingencies11112 2
Asset retirement obligation84697 6
Due to related parties10912112
Customer refund liability     16 
Deferred revenue and credits2872
Other liabilities25282622284625
Other undisclosed current liabilities215222817511
Total current liabilities:267270257280333314220
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,4613,5663,7013,6873,55893,690
Finance lease, liability67
Capital lease obligations889910
Other undisclosed long-term debt and lease obligation3,4553,5593,6943,6793,549 3,680
Liabilities, other than long-term debt, including:253248228215216143139
Deferred revenue12 
Asset retirement obligations55575646453840
Liability, pension and other postretirement and postemployment benefits18212522222419
Accrued environmental loss contingencies33443 5
Due to related parties   16161616
Other liabilities99967865706459
Other undisclosed liabilities, other than long-term debt6672656260  
Other undisclosed noncurrent liabilities     48(3,634)
Total noncurrent liabilities:3,7143,8143,9293,9013,774200195
Total liabilities:3,9814,0844,1874,1824,107514415
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 equity5,3295,1414,9474,8064,6117,8707,865
TOTAL LIABILITIES AND EQUITY:9,2309,1439,0498,9078,6388,3008,207

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
Revenues1,2981,2951,2241,3231,3071,2491,234
Revenue, net1,3021,2891,238145
Cost of revenue
(Cost of Goods and Services Sold)
      (121)
Gross profit:1,2981,2951,2241,3231,3071,2491,113
Operating expenses(843)(822)(809)(856)(830)(853)(836)
Other undisclosed operating income      121
Operating income:455474415467478396398
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:1211186512712046(18)
Loss from equity method investments      (87)
Other undisclosed income from continuing operations before income taxes170179176171183176252
Income from continuing operations before income taxes:291296241298303223147
Income tax expense(0)(1)(1)(1)(1)(1)(0)
Net income:291296240297302222147
Net income attributable to noncontrolling interest      87
Net income available to common stockholders, diluted:291296240297302222234

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:291296240297302222147
Other comprehensive income (loss)14(4)(1)4(12)(9)
Comprehensive income:292300236296306211138
Comprehensive income, net of tax, attributable to noncontrolling interest      87
Comprehensive income, net of tax, attributable to parent:292300236296306211225

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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