Kinder Morgan, Inc. (KMI) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1103,280264684229315598
Cash and cash equivalents1853,280264684229315598
Short-term investments925      
Restricted cash and investments245162103   
Receivables1,3701,5211,4481,3701,3151,6411,721
Inventory, net of allowances, customer advances and progress billings371385424357407459430
Inventory371385424357407459430
Derivative instruments and hedges, assets84260114198507535 
Regulatory current assets  6049 8191
Disposal group, including discontinued operation   78 56 
Deferred tax assets    56567
Other current assets279225238337366746552
Other undisclosed current assets  10553 (137)(91)
Total current assets:3,2385,7222,7153,2292,8243,7523,868
Noncurrent Assets
Finance lease, right-of-use asset2
Operating lease, right-of-use asset329
Property, plant and equipment36,41937,89740,15538,70540,54738,56435,847
Long-term investments and receivables7,8457,4817,2987,0276,0406,0365,951
Long-term investments7,7597,4817,2987,0276,0406,0365,951
Due from related parties86      
Intangible assets, net (including goodwill)24,12724,84525,26125,47027,34126,95626,942
Goodwill21,45121,96522,16222,15223,79024,65424,504
Intangible assets, net (excluding goodwill)2,6762,8803,0993,3183,5512,3022,438
Regulated entity, other noncurrent assets328    406446
Other noncurrent assets1,7571,3551,5821,5222,0292,2392,577
Deferred tax assets, net1,5662,0444,3525,3235,651 
Other undisclosed noncurrent assets112    (406)(446)
Total noncurrent assets:70,91973,14476,34077,07681,28079,44671,317
TOTAL ASSETS:74,15778,86679,05580,30584,10483,19875,185
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6233,2753,0622,9672,9463,2621,676
Accounts payable9141,3371,3401,2571,3241,5881,676
Accrued liabilities7978761,1011,0859271,037 
Taxes payable364483     
Interest and dividends payable548579621625695637 
Debt2,4773,3882,8282,6968212,7172,306
Regulatory liability 29107101161189135
Asset retirement obligation 4499725
Due to related parties 39     
Contract with customer, liability80
Other undisclosed current liabilities 7421801511281871,933
Total current liabilities:5,1007,5576,1815,9244,0656,3626,075
Noncurrent Liabilities
Long-term debt and lease obligation, including:32,20633,93635,01537,35442,40640,24633,887
Long-term debt, excluding current maturities31,91533,93635,01537,35442,406 33,887
Finance lease, liability2
Operating lease, liability289
Other undisclosed long-term debt and lease obligation     40,246 
Liabilities, other than long-term debt3876002361081662905,048
Contract with customer, liability212
Deferred tax liabilities, net     4,651
Regulatory liability189206236108166290397
Due to related parties198182     
Other undisclosed noncurrent liabilities1,5751,5762,4992,1172,0641,8741,890
Total noncurrent liabilities:34,16836,11237,75039,57944,63642,41040,825
Total liabilities:39,26843,66943,93145,50348,70148,77246,900
Temporary equity, carrying amount803666     
Stockholders' equity
Stockholders' equity attributable to parent, including:33,74233,67833,63634,43135,11934,07613,093
Common stock2323222222  
Additional paid in capital41,74541,70141,90941,73941,66136,17814,479
Accumulated other comprehensive loss(333)(330)(541)(661)(461)(17)(24)
Accumulated deficit(7,693)(7,716)(7,754)(6,669)(6,103)(2,106)(1,372)
Other undisclosed stockholders' equity attributable to parent     2110
Stockholders' equity attributable to noncontrolling interest3448531,48837128435015,192
Total stockholders' equity:34,08634,53135,12434,80235,40334,42628,285
TOTAL LIABILITIES AND EQUITY:74,15778,86679,05580,30584,10483,19875,185

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues13,20914,14413,70513,05814,40316,22614,070
Revenue, net10,65210,60411,56412,11110,465
Cost of revenue(5,155)(7,227)(7,016)(6,514)(8,929)(9,011)(9,402)
Cost of goods and services sold(3,263)(4,421)(4,345)(3,498)(4,115)(6,278)(5,253)
Gross profit:8,0546,9176,6896,5445,4747,2154,668
Operating expenses(3,181)(3,123)(3,145)(2,972)(3,027)(2,767)(678)
Other operating income (expense), net33113(3) 
Other nonrecurring (income) expense945      
Other undisclosed operating income (loss)(3)(3)(1)(1)(3)3 
Operating income:4,8733,7943,5443,5722,4474,4483,990
Nonoperating expense(1,708)(1,288)(1,383)(1,934)(1,675)(1,357)(552)
Interest and debt expense  (4)45 (1,807)(1,690)
Income from continuing operations before equity method investments, income taxes:3,1652,5062,1571,6837721,2841,748
Income from equity method investments     406327
Other undisclosed income (loss) from continuing operations before income taxes  4(45) 1,4011,363
Income from continuing operations before income taxes:3,1652,5062,1611,6387723,0913,438
Income tax expense(926)(587)(1,938)(917)(564)(648)(742)
Income from continuing operations:2,2391,9192237212082,4432,696
Loss from discontinued operations      (4)
Net income:2,2391,9192237212082,4432,692
Net income (loss) attributable to noncontrolling interest(49)(310)(40)(13)45(1,417)(1,499)
Net income attributable to parent:2,1901,6091837082531,0261,193
Preferred stock dividends and other adjustments (128)(156)(156)(26)  
Net income available to common stockholders, diluted:2,1901,481275522271,0261,193

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2,2391,9192237212082,4432,692
Other comprehensive income (loss)14338115(200)(444)2040
Comprehensive income (loss):2,2532,257338521(236)2,4632,732
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(66)(328)(86)(13)45(1,486)1,445
Other undisclosed comprehensive loss, net of tax, attributable to parent      (2,890)
Comprehensive income (loss), net of tax, attributable to parent:2,1871,929252508(191)9771,287

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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