Kinder Morgan, Inc. (KMI) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1401,1841,1103,280264684229
Cash and cash equivalents1,1401,1841853,280264684229
Short-term investments  925    
Restricted cash and investments725245162103 
Receivables1,6111,2931,3701,5211,4481,3701,315
Inventory, net of allowances, customer advances and progress billings562348371385424357407
Inventory562348371385424357407
Derivative instruments and hedges, assets22018584260114198507
Regulatory current assets    6049 
Disposal group, including discontinued operation     78 
Other current assets289168279225238337366
Other undisclosed current assets    10553 
Total current assets:3,8293,2033,2385,7222,7153,2292,824
Noncurrent Assets
Finance lease, right-of-use asset  2
Operating lease, right-of-use asset  329
Property, plant and equipment35,65335,83636,41937,89740,15538,70540,547
Long-term investments and receivables7,5787,9177,8457,4817,2987,0276,040
Long-term investments7,5787,9177,7597,4817,2987,0276,040
Due from related parties  86    
Intangible assets, net (including goodwill)21,59222,30424,12724,84525,26125,47027,341
Goodwill19,91419,85121,45121,96522,16222,15223,790
Intangible assets, net (excluding goodwill)1,6782,4532,6762,8803,0993,3183,551
Regulated entity, other noncurrent assets  328    
Deferred income tax assets115536 
Other noncurrent assets1,6492,1771,7571,3551,5821,5222,029
Deferred tax assets, net1,5662,0444,3525,323
Other undisclosed noncurrent assets  112    
Total noncurrent assets:66,58768,77070,91973,14476,34077,07681,280
TOTAL ASSETS:70,41671,97374,15778,86679,05580,30584,104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,8912,2092,6233,2753,0622,9672,946
Accounts payable1,2598379141,3371,3401,2571,324
Accrued liabilities8585807978761,1011,085927
Taxes payable270267364483   
Interest and dividends payable504525548579621625695
Debt2,6462,5582,4773,3882,8282,696821
Regulatory liability3226 29107101161
Asset retirement obligation44 4499
Due to related parties3135 39   
Contract with customer, liability80
Other undisclosed current liabilities217242 742180151128
Total current liabilities:5,8215,0745,1007,5576,1815,9244,065
Noncurrent Liabilities
Long-term debt and lease obligation30,94532,39532,20633,93635,01537,35442,406
Long-term debt, excluding current maturities30,67432,13131,91533,93635,01537,35442,406
Finance lease, liability112
Operating lease, liability270263289
Liabilities, other than long-term debt367371387600236108166
Contract with customer, liability212
Regulatory liability163169189206236108166
Due to related parties204202198182   
Other undisclosed noncurrent liabilities1,3621,5671,5751,5762,4992,1172,064
Total noncurrent liabilities:32,67434,33334,16836,11237,75039,57944,636
Total liabilities:38,49539,40739,26843,66943,93145,50348,701
Temporary equity, carrying amount 728803666   
Stockholders' equity
Stockholders' equity attributable to parent30,82331,43633,74233,67833,63634,43135,119
Common stock23232323222222
Additional paid in capital41,80641,75641,74541,70141,90941,73941,661
Accumulated other comprehensive loss(411)(407)(333)(330)(541)(661)(461)
Accumulated deficit(10,595)(9,936)(7,693)(7,716)(7,754)(6,669)(6,103)
Stockholders' equity attributable to noncontrolling interest1,0984023448531,488371284
Total stockholders' equity:31,92131,83834,08634,53135,12434,80235,403
TOTAL LIABILITIES AND EQUITY:70,41671,97374,15778,86679,05580,30584,104

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues16,61011,70013,20914,14413,70513,05814,403
Revenue, net10,65210,60411,564
Cost of revenue(10,671)(7,017)(5,155)(7,227)(7,016)(6,514)(8,929)
Cost of goods and services sold(6,493)(2,545)(3,263)(4,421)(4,345)(3,498)(4,115)
Gross profit:5,9394,6838,0546,9176,6896,5445,474
Operating expenses(3,023)(3,123)(3,181)(3,123)(3,145)(2,972)(3,027)
Other operating income, net7233113
Other nonrecurring (income) expense(1,617)(1,930)945    
Other undisclosed operating loss(7)(2)(3)(3)(1)(1)(3)
Operating income:2,9161,5604,8733,7943,5443,5722,447
Nonoperating expense(697)(899)(1,708)(1,288)(1,383)(1,934)(1,675)
Other nonoperating income2825675107824443
Interest and debt expense    (4)45 
Income from continuing operations before equity method investments, income taxes:2,2196613,1652,5062,1571,683772
Other undisclosed income (loss) from continuing operations before income taxes    4(45) 
Income from continuing operations before income taxes:2,2196613,1652,5062,1611,638772
Income tax expense(369)(481)(926)(587)(1,938)(917)(564)
Net income:1,8501802,2391,919223721208
Net income (loss) attributable to noncontrolling interest(66)(61)(49)(310)(40)(13)45
Net income attributable to parent:1,7841192,1901,609183708253
Preferred stock dividends and other adjustments   (128)(156)(156)(26)
Net income available to common stockholders, diluted:1,7841192,1901,48127552227

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,8501802,2391,919223721208
Other comprehensive income (loss)(4)(74)14338115(200)(444)
Comprehensive income (loss):1,8461062,2532,257338521(236)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(66)(61)(66)(328)(86)(13)45
Comprehensive income (loss), net of tax, attributable to parent:1,780452,1871,929252508(191)

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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