Kinder Morgan, Inc. (KMI) financial statements (2021 and earlier)

Company profile

Business Address 1001 LOUISIANA STREET
HOUSTON, TX 77002
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 investments1,1841,1103,280264684229315
Cash and cash equivalents1,1841853,280264684229315
Short-term investments 925     
Restricted cash and investments25245162103  
Receivables1,2931,3701,5211,4481,3701,3151,641
Inventory, net of allowances, customer advances and progress billings348371385424357407459
Inventory348371385424357407459
Derivative instruments and hedges, assets18584260114198507535
Regulatory current assets   6049 81
Disposal group, including discontinued operation    78 56
Deferred tax assets    56
Other current assets168279225238337366746
Other undisclosed current assets   10553 (137)
Total current assets:3,2033,2385,7222,7153,2292,8243,752
Noncurrent Assets
Finance lease, right-of-use asset 2
Operating lease, right-of-use asset 329
Property, plant and equipment35,83636,41937,89740,15538,70540,54738,564
Long-term investments and receivables7,9177,8457,4817,2987,0276,0406,036
Long-term investments7,9177,7597,4817,2987,0276,0406,036
Due from related parties 86     
Intangible assets, net (including goodwill)22,30424,12724,84525,26125,47027,34126,956
Goodwill19,85121,45121,96522,16222,15223,79024,654
Intangible assets, net (excluding goodwill)2,4532,6762,8803,0993,3183,5512,302
Regulated entity, other noncurrent assets 328    406
Deferred income tax assets536 
Other noncurrent assets2,1771,7571,3551,5821,5222,0292,239
Deferred tax assets, net1,5662,0444,3525,3235,651
Other undisclosed noncurrent assets 112    (406)
Total noncurrent assets:68,77070,91973,14476,34077,07681,28079,446
TOTAL ASSETS:71,97374,15778,86679,05580,30584,10483,198
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2092,6233,2753,0622,9672,9463,262
Accounts payable8379141,3371,3401,2571,3241,588
Accrued liabilities5807978761,1011,0859271,037
Taxes payable267364483    
Interest and dividends payable525548579621625695637
Debt2,5582,4773,3882,8282,6968212,717
Regulatory liability26 29107101161189
Asset retirement obligation4 44997
Due to related parties35 39    
Contract with customer, liability80
Other undisclosed current liabilities242 742180151128187
Total current liabilities:5,0745,1007,5576,1815,9244,0656,362
Noncurrent Liabilities
Long-term debt and lease obligation, including:32,39532,20633,93635,01537,35442,40640,246
Long-term debt, excluding current maturities32,13131,91533,93635,01537,35442,406 
Finance lease, liability12
Operating lease, liability263289
Other undisclosed long-term debt and lease obligation      40,246
Liabilities, other than long-term debt371387600236108166290
Contract with customer, liability212
Regulatory liability169189206236108166290
Due to related parties202198182    
Other undisclosed noncurrent liabilities1,5671,5751,5762,4992,1172,0641,874
Total noncurrent liabilities:34,33334,16836,11237,75039,57944,63642,410
Total liabilities:39,40739,26843,66943,93145,50348,70148,772
Temporary equity, carrying amount728803666    
Stockholders' equity
Stockholders' equity attributable to parent, including:31,43633,74233,67833,63634,43135,11934,076
Common stock232323222222 
Additional paid in capital41,75641,74541,70141,90941,73941,66136,178
Accumulated other comprehensive loss(407)(333)(330)(541)(661)(461)(17)
Accumulated deficit(9,936)(7,693)(7,716)(7,754)(6,669)(6,103)(2,106)
Other undisclosed stockholders' equity attributable to parent      21
Stockholders' equity attributable to noncontrolling interest4023448531,488371284350
Total stockholders' equity:31,83834,08634,53135,12434,80235,40334,426
TOTAL LIABILITIES AND EQUITY:71,97374,15778,86679,05580,30584,10483,198

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
Revenues11,70013,20914,14413,70513,05814,40316,226
Revenue, net10,65210,60411,56412,111
Cost of revenue(7,017)(5,155)(7,227)(7,016)(6,514)(8,929)(9,011)
Cost of goods and services sold(2,545)(3,263)(4,421)(4,345)(3,498)(4,115)(6,278)
Gross profit:4,6838,0546,9176,6896,5445,4747,215
Operating expenses(3,123)(3,181)(3,123)(3,145)(2,972)(3,027)(2,767)
Other operating income (expense), net233113(3)
Other nonrecurring (income) expense(1,930)945     
Other undisclosed operating income (loss)(2)(3)(3)(1)(1)(3)3
Operating income:1,5604,8733,7943,5443,5722,4474,448
Nonoperating expense(899)(1,708)(1,288)(1,383)(1,934)(1,675)(1,357)
Interest and debt expense   (4)45 (1,807)
Income from continuing operations before equity method investments, income taxes:6613,1652,5062,1571,6837721,284
Income from equity method investments      406
Other undisclosed income (loss) from continuing operations before income taxes   4(45) 1,401
Income from continuing operations before income taxes:6613,1652,5062,1611,6387723,091
Income tax expense(481)(926)(587)(1,938)(917)(564)(648)
Net income:1802,2391,9192237212082,443
Net income (loss) attributable to noncontrolling interest(61)(49)(310)(40)(13)45(1,417)
Net income attributable to parent:1192,1901,6091837082531,026
Preferred stock dividends and other adjustments  (128)(156)(156)(26) 
Net income available to common stockholders, diluted:1192,1901,481275522271,026

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:1802,2391,9192237212082,443
Other comprehensive income (loss)(74)14338115(200)(444)20
Comprehensive income (loss):1062,2532,257338521(236)2,463
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(61)(66)(328)(86)(13)45(1,486)
Comprehensive income (loss), net of tax, attributable to parent:452,1871,929252508(191)977

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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