Kinder Morgan, Inc. (KMI) Financial Statements (2023 and earlier)

Company Profile

Business Address 1001 LOUISIANA STREET
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4922 - Natural Gas Transmission (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7451,1401,1841,1103,280264
Cash and cash equivalents7451,1401,1841853,280264
Short-term investments    925  
Restricted cash and investments49725245162
Receivables1,8401,6111,2931,3701,5211,448
Inventory, net of allowances, customer advances and progress billings634562348371385424
Inventory634562348371385424
Derivative instruments and hedges, assets23122018584260114
Regulatory asset      60
Other current assets304289168279225238
Other undisclosed current assets      105
Total current assets:3,8033,8293,2033,2385,7222,715
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    2✕✕
Operating lease, right-of-use asset    329✕✕
Property, plant and equipment35,59935,65335,83636,41937,89740,155
Long-term investments and receivables7,6537,5787,9177,8457,4817,298
Due from related parties✕   86  
Long-term investments7,6537,5787,9177,7597,4817,298
Intangible assets, net (including goodwill)21,77421,59222,30424,12724,84525,261
Goodwill19,96519,91419,85121,45121,96522,162
Intangible assets, net (excluding goodwill)1,8091,6782,4532,6762,8803,099
Regulated entity, other noncurrent assets    328  
Deferred income tax assets  115536 ✕✕
Other noncurrent assets1,2491,6492,1771,7571,3551,582
Deferred tax assets, net✕✕✕✕✕1,5662,044
Other undisclosed noncurrent assets    112  
Total noncurrent assets:66,27566,58768,77070,91973,14476,340
TOTAL ASSETS:70,07870,41671,97374,15778,86679,055
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,0802,8912,2092,6233,2753,062
Interest and dividends payable✕✕504525548579621
Taxes payable✕✕270267364483 
Accounts payable1,4441,2598379141,3371,340
Accrued liabilities1,6368585807978761,101
Debt3,3852,6462,5582,4773,3882,828
Derivative instruments and hedges, liabilities465     
Regulatory liability  3226 29107
Asset retirement obligation  44 44
Due to related parties✕ 3135 39 
Contract with customer, liability✕✕✕✕✕80✕
Other undisclosed current liabilities  217242 742180
Total current liabilities:6,9305,8215,0745,1007,5576,181
Noncurrent Liabilities
Long-term debt and lease obligation28,40330,94532,39532,20633,93635,015
Long-term debt, excluding current maturities28,40330,67432,13131,91533,93635,015
Finance lease, liability  112✕✕
Liabilities, other than long-term debt1,227367371387600236
Contract with customer, liability✕✕✕✕✕212✕
Deferred income tax liabilities623   ✕✕
Regulatory liability 175163169189206236
Due to related parties✕189204202198182 
Operating lease, liability 240270263289✕✕
Other undisclosed noncurrent liabilities1,4041,3621,5671,5751,5762,499
Total noncurrent liabilities:31,03432,67434,33334,16836,11237,750
Total liabilities:37,96438,49539,40739,26843,66943,931
Temporary equity, carrying amount   728803666 
Equity
Equity, attributable to parent30,74230,82331,43633,74233,67833,636
Common stock222323232322
Additional paid in capital41,67341,80641,75641,74541,70141,909
Accumulated other comprehensive loss(402)(411)(407)(333)(330)(541)
Accumulated deficit(10,551)(10,595)(9,936)(7,693)(7,716)(7,754)
Equity, attributable to noncontrolling interest1,3721,0984023448531,488
Total equity:32,11431,92131,83834,08634,53135,124
TOTAL LIABILITIES AND EQUITY:70,07870,41671,97374,15778,86679,055

Income Statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues19,20016,61011,70013,20914,14413,705
Revenue, net✕✕✕✕✕✕10,652
Cost of revenue(11,843)(10,671)(7,017)(5,155)(7,227)(7,016)
Cost of goods and services sold(9,255)(6,493)(2,545)(3,263)(4,421)(4,345)
Gross profit:7,3575,9394,6838,0546,9176,689
Operating expenses(3,292)(3,023)(3,123)(3,181)(3,123)(3,145)
Other operating income, net772331
Other nonrecurring (income) expense 39(1,617)(1,930)945  
Other undisclosed operating loss(7)(7)(2)(3)(3)(1)
Operating income:4,0652,9161,5604,8733,7943,544
Nonoperating expense(730)(697)(899)(1,708)(1,288)(1,383)
Other nonoperating income (expense)55282567510782
Interest and debt expense      (4)
Income from continuing operations before equity method investments, income taxes:3,3352,2196613,1652,5062,157
Other undisclosed income from continuing operations before income taxes      4
Income from continuing operations before income taxes:3,3352,2196613,1652,5062,161
Income tax expense(710)(369)(481)(926)(587)(1,938)
Income from continuing operations:2,6251,8501802,2391,919223
Income before gain (loss) on sale of properties:✕✕1,8501802,2391,919223
Net income:2,6251,8501802,2391,919223
Net loss attributable to noncontrolling interest(77)(66)(61)(49)(310)(40)
Net income attributable to parent:2,5481,7841192,1901,609183
Preferred stock dividends and other adjustments     (128)(156)
Net income available to common stockholders, diluted:2,5481,7841192,1901,48127

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,6251,8501802,2391,919223
Other comprehensive income (loss)9(4)(74)14338115
Comprehensive income:2,6341,8461062,2532,257338
Comprehensive loss, net of tax, attributable to noncontrolling interest(77)(66)(61)(66)(328)(86)
Comprehensive income, net of tax, attributable to parent:2,5571,780452,1871,929252

Statements Sources

The financial statements are based on the Company's filings with 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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