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 investments | 135 | 208 | 88 | 294 | ||
| Cash and cash equivalents | 135 | 208 | 88 | 294 | ||
| Receivables | 252 | 290 | 255 | 255 | ||
| Other current assets | 60 | 63 | ||||
| Other undisclosed current assets | 32 | 19 | ||||
| Total current assets: | 447 | 562 | 375 | 569 | ||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 7,788 | 7,828 | 7,724 | 5,868 | ||
| Long-term investments and receivables | 1,239 | 2,796 | 2,324 | 1,510 | ||
| Long-term investments | 1,239 | 2,796 | 2,324 | 1,510 | ||
| Intangible assets, net (including goodwill) | 1,138 | 1,203 | 1,284 | 1,815 | ||
| Goodwill | 487 | 487 | 487 | 1,239 | ||
| Intangible assets, net (excluding goodwill) | 652 | 717 | 797 | 576 | ||
| Other noncurrent assets | 309 | 337 | 244 | 164 | ||
| Other undisclosed noncurrent assets | 91 | 597 | ||||
| Total noncurrent assets: | 10,474 | 12,164 | 11,666 | 9,955 | ||
| TOTAL ASSETS: | 10,921 | 12,726 | 12,042 | 10,524 | ||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 295 | 282 | 285 | 374 | ||
| Accounts payable | 60 | 72 | 128 | 210 | ||
| Accrued liabilities | 84 | 83 | 83 | 84 | ||
| Interest and dividends payable | 152 | 126 | 73 | 80 | ||
| Deferred revenue | 1 | ✕ | ||||
| Debt | 303 | 6 | 6 | |||
| Deferred compensation liability | 42 | 42 | ||||
| Due to related parties | 34 | |||||
| Other undisclosed current liabilities | 71 | 11 | 3 | 93 | ||
| Total current liabilities: | 368 | 595 | 336 | 549 | ||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 7,761 | 7,327 | 6,324 | 4,660 | ||
| Long-term debt, excluding current maturities | 7,761 | 7,327 | 6,324 | 4,660 | ||
| Liabilities, other than long-term debt | 99 | 441 | 99 | 55 | ||
| Deferred income tax liabilities | 346 | ✕ | ||||
| Other liabilities | 99 | 95 | 99 | 55 | ||
| Total noncurrent liabilities: | 7,861 | 7,768 | 6,424 | 4,715 | ||
| Total liabilities: | 8,228 | 8,363 | 6,760 | 5,264 | ||
| Temporary equity, carrying amount | 682 | 682 | ||||
| Stockholders' equity | ||||||
| Stockholders' equity attributable to parent | 1,528 | 3,210 | 673 | 458 | ||
| Common stock | 3,958 | 3,941 | 1,293 | 425 | ||
| Accumulated other comprehensive loss | (2) | (2) | (2) | (2) | ||
| Retained earnings (accumulated deficit) | (2,428) | (729) | (618) | 34 | ||
| Stockholders' equity attributable to noncontrolling interest | 483 | 471 | 4,609 | 4,802 | ||
| Total stockholders' equity: | 2,011 | 3,681 | 5,282 | 5,260 | ||
| TOTAL LIABILITIES AND EQUITY: | 10,921 | 12,726 | 12,042 | 10,524 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|
| Revenues | 1,317 | 1,511 | 1,630 | 1,495 | |
| Revenue from related parties | 777 | 964 | 1,123 | 1,111 | |
| Cost of revenue | (480) | (413) | (392) | (339) | |
| Cost of goods and services sold | 1 | (53) | |||
| Gross profit: | 837 | 1,098 | 1,238 | 1,157 | |
| Operating expenses | (203) | (273) | (1,162) | (513) | |
| Operating income: | 634 | 825 | 76 | 643 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (16) | 17 | 3 | 5 | |
| Interest and debt expense | (41) | (25) | |||
| Income from continuing operations before equity method investments, income taxes: | 576 | 817 | 79 | 648 | |
| Income from equity method investments | 18 | 234 | 163 | 62 | |
| 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.