Equitrans Midstream Corporation (ETRN) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13520888294
Cash and cash equivalents13520888294
Receivables252290255255
Other current assets6063  
Other undisclosed current assets  3219
Total current assets:447562375569
Noncurrent Assets
Property, plant and equipment7,7887,8287,7245,868
Long-term investments and receivables1,2392,7962,3241,510
Long-term investments1,2392,7962,3241,510
Intangible assets, net (including goodwill)1,1381,2031,2841,815
Goodwill4874874871,239
Intangible assets, net (excluding goodwill)652717797576
Other noncurrent assets309337244164
Other undisclosed noncurrent assets  91597
Total noncurrent assets:10,47412,16411,6669,955
TOTAL ASSETS:10,92112,72612,04210,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities295282285374
Accounts payable6072128210
Accrued liabilities84838384
Interest and dividends payable1521267380
Deferred revenue1  
Debt 30366
Deferred compensation liability  4242
Due to related parties   34
Other undisclosed current liabilities7111393
Total current liabilities:368595336549
Noncurrent Liabilities
Long-term debt and lease obligation7,7617,3276,3244,660
Long-term debt, excluding current maturities7,7617,3276,3244,660
Liabilities, other than long-term debt994419955
Deferred income tax liabilities 346 
Other liabilities99959955
Total noncurrent liabilities:7,8617,7686,4244,715
Total liabilities:8,2288,3636,7605,264
Temporary equity, carrying amount682682  
Stockholders' equity
Stockholders' equity attributable to parent1,5283,210673458
Common stock3,9583,9411,293425
Accumulated other comprehensive loss(2)(2)(2)(2)
Retained earnings (accumulated deficit)(2,428)(729)(618)34
Stockholders' equity attributable to noncontrolling interest4834714,6094,802
Total stockholders' equity:2,0113,6815,2825,260
TOTAL LIABILITIES AND EQUITY:10,92112,72612,04210,524

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,3171,5111,6301,495
Revenue from related parties7779641,1231,111
Cost of revenue(480)(413)(392)(339)
Cost of goods and services sold  1(53)
Gross profit:8371,0981,2381,157
Operating expenses(203)(273)(1,162)(513)
Operating income:63482576643
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(16)1735
Interest and debt expense(41)(25)  
Income from continuing operations before equity method investments, income taxes:57681779648
Income from equity method investments1823416362
Other undisclosed loss from continuing operations before income taxes(2,305)(307)(256)(115)
Income (loss) from continuing operations before income taxes:(1,711)743(14)594
Income tax expense (benefit)345(105)(51)(83)
Net income (loss):(1,366)638(65)511
Net loss attributable to noncontrolling interest(15)(215)(139)(293)
Net income (loss) attributable to parent:(1,380)423(204)218
Preferred stock dividends and other adjustments(59)(59)  
Net income (loss) available to common stockholders, diluted:(1,439)364(204)218

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(1,366)638(65)511
Other comprehensive loss(0)(0)(1)(2)
Comprehensive income (loss):(1,366)638(65)510
Comprehensive loss, net of tax, attributable to noncontrolling interest(15)(215)(139)(293)
Other undisclosed comprehensive loss, net of tax, attributable to parent(59)(59)  
Comprehensive income (loss), net of tax, attributable to parent:(1,439)364(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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