Equitrans Midstream Corporation (ETRN) financial statements (2020 and earlier)

Company profile

Business Address 2200 ENERGY DRIVE
CANONSBURG, PA 15317
State of Incorp. PA
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments88294
Cash and cash equivalents88294
Receivables255255
Other undisclosed current assets3219
Total current assets:375569
Noncurrent Assets
Property, plant and equipment7,7245,868
Long-term investments and receivables2,3241,510
Long-term investments2,3241,510
Intangible assets, net (including goodwill)1,2841,815
Goodwill4871,239
Intangible assets, net (excluding goodwill)797576
Other noncurrent assets244164
Other undisclosed noncurrent assets91597
Total noncurrent assets:11,6669,955
TOTAL ASSETS:12,04210,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities285374
Accounts payable128210
Accrued liabilities8384
Interest and dividends payable7380
Debt66
Deferred compensation liability4242
Due to related parties 34
Other undisclosed current liabilities393
Total current liabilities:336549
Noncurrent Liabilities
Long-term debt and lease obligation6,3244,660
Long-term debt, excluding current maturities6,3244,660
Liabilities, other than long-term debt9955
Other liabilities9955
Total noncurrent liabilities:6,4244,715
Total liabilities:6,7605,264
Stockholders' equity
Stockholders' equity attributable to parent673458
Common stock1,293425
Accumulated other comprehensive loss(2)(2)
Retained earnings (accumulated deficit)(618)34
Stockholders' equity attributable to noncontrolling interest4,6094,802
Total stockholders' equity:5,2825,260
TOTAL LIABILITIES AND EQUITY:12,04210,524

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

12/31/2019
12/31/2018
Revenues1,6301,495
Revenue from related parties1,1231,111
Cost of revenue(392)(339)
Cost of goods and services sold1(53)
Gross profit:1,2381,157
Operating expenses(1,162)(513)
Operating income:76643
Nonoperating income
(Other Nonoperating income)
35
Income from continuing operations before equity method investments, income taxes:79648
Income from equity method investments16362
Other undisclosed loss from continuing operations before income taxes(256)(115)
Income (loss) from continuing operations before income taxes:(14)594
Income tax expense(51)(83)
Net income (loss):(65)511
Net loss attributable to noncontrolling interest(139)(293)
Net income (loss) available to common stockholders, diluted:(204)218

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
Net income (loss):(65)511
Other comprehensive loss(1)(2)
Comprehensive income (loss):(65)510
Comprehensive loss, net of tax, attributable to noncontrolling interest(139)(293)
Comprehensive income (loss), net of tax, attributable to parent:(204)217

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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