Equitrans Midstream Corporation (ETRN) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20888294
Cash and cash equivalents20888294
Receivables290255255
Other current assets63  
Other undisclosed current assets 3219
Total current assets:562375569
Noncurrent Assets
Property, plant and equipment7,8287,7245,868
Long-term investments and receivables2,7962,3241,510
Long-term investments2,7962,3241,510
Intangible assets, net (including goodwill)1,2031,2841,815
Goodwill4874871,239
Intangible assets, net (excluding goodwill)717797576
Other noncurrent assets337244164
Other undisclosed noncurrent assets 91597
Total noncurrent assets:12,16411,6669,955
TOTAL ASSETS:12,72612,04210,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities282285374
Accounts payable72128210
Accrued liabilities838384
Interest and dividends payable1267380
Debt30366
Deferred compensation liability 4242
Due to related parties  34
Other undisclosed current liabilities11393
Total current liabilities:595336549
Noncurrent Liabilities
Long-term debt and lease obligation7,3276,3244,660
Long-term debt, excluding current maturities7,3276,3244,660
Liabilities, other than long-term debt4419955
Deferred income tax liabilities346 
Other liabilities959955
Total noncurrent liabilities:7,7686,4244,715
Total liabilities:8,3636,7605,264
Temporary equity, carrying amount682  
Stockholders' equity
Stockholders' equity attributable to parent3,210673458
Common stock3,9411,293425
Accumulated other comprehensive loss(2)(2)(2)
Retained earnings (accumulated deficit)(729)(618)34
Stockholders' equity attributable to noncontrolling interest4714,6094,802
Total stockholders' equity:3,6815,2825,260
TOTAL LIABILITIES AND EQUITY:12,72612,04210,524

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

12/31/2020
12/31/2019
12/31/2018
Revenues1,5111,6301,495
Revenue from related parties9641,1231,111
Cost of revenue(413)(392)(339)
Cost of goods and services sold 1(53)
Gross profit:1,0981,2381,157
Operating expenses(273)(1,162)(513)
Operating income:82576643
Nonoperating income
(Other Nonoperating income)
1735
Interest and debt expense(25)  
Income from continuing operations before equity method investments, income taxes:81779648
Income from equity method investments23416362
Other undisclosed loss from continuing operations before income taxes(307)(256)(115)
Income (loss) from continuing operations before income taxes:743(14)594
Income tax expense(105)(51)(83)
Net income (loss):638(65)511
Net loss attributable to noncontrolling interest(215)(139)(293)
Net income (loss) attributable to parent:423(204)218
Preferred stock dividends and other adjustments(59)  
Net income (loss) available to common stockholders, diluted:364(204)218

Comprehensive Income ($ in millions)

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