Kinder Morgan Energy Partners LP (KMP) 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)

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments404518
Cash and cash equivalents404518
Receivables1,5111,112
Inventory, net of allowances, customer advances and progress billings393292
Inventory393292
Derivative instruments and hedges, assets 55
Regulatory current assets66 
Prepaid expense and other current assets56
Assets held-for-sale 211
Other current assets360
Other undisclosed current assets(66) 
Total current assets:2,6682,244
Noncurrent Assets
Property, plant and equipment27,40519,603
Long-term investments and receivables2,2333,099
Long-term investments2,2333,048
Accounts and financing receivable, after allowance for credit loss 51
Intangible assets, net (including goodwill)8,9615,701
Goodwill6,5474,606
Intangible assets, net (excluding goodwill)2,4141,095
Derivative instruments and hedges 634
Regulated entity, other noncurrent assets325 
Other noncurrent assets1,497
Other undisclosed noncurrent assets(9,333)(4,936)
Total noncurrent assets:31,08824,101
Other undisclosed assets9,0085,749
TOTAL ASSETS:42,76432,094
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,537991
Accounts payable1,537991
Debt2,4831,820
Derivative instruments and hedges, liabilities 21
Regulatory liability123 
Estimated litigation liability 310
Asset retirement obligation2511
Due to related parties 7
Other undisclosed current liabilities4095
Total current liabilities:4,5773,165
Noncurrent Liabilities
Long-term debt and lease obligation18,41016,175
Long-term debt, excluding current maturities18,41016,175
Liabilities, other than long-term debt6171,175
Deferred tax liabilities, net285249
Regulatory liability332 
Other liabilities 913
Derivative instruments and hedges, liabilities 13
Other undisclosed noncurrent liabilities1,939 
Total noncurrent liabilities:20,96617,350
Total liabilities:25,54320,515
Commitments and contingencies529 
Temporary equity, carrying amount(529) 
Stockholders' equity
Stockholders' equity attributable to parent, including:3311,324
Common stock 4,723
Accumulated other comprehensive income33163
Other undisclosed stockholders' equity attributable to parent 6,438
Stockholders' equity attributable to noncontrolling interest420255
Other undisclosed stockholders' equity16,768 
Total stockholders' equity:17,22111,579
TOTAL LIABILITIES AND EQUITY:42,76432,094

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

12/31/2013
12/31/2012
Revenues12,5308,642
Revenue, net12,5303,637
Cost of revenue(5,207)(1,558)
Cost of goods and services sold(5,207) 
Gross profit:7,3237,084
Operating expenses(7,424)(4,744)
Other operating expense, net
(Other Expenses)
 (28)
Other undisclosed operating income3,33028
Operating income:3,2292,340
Nonoperating income (expense)256(285)
Other nonoperating income4218
Interest and debt expense(855)(658)
Income from continuing operations before equity method investments, income taxes:2,6301,397
Income from equity method investments297339
Other undisclosed income from continuing operations before income taxes558319
Income from continuing operations before income taxes:3,4852,055
Income tax expense(164)(30)
Income from continuing operations:3,3212,025
Loss from discontinued operations(4)(669)
Net income:3,3171,356
Net loss attributable to noncontrolling interest(36)(17)
Net income available to common stockholders, diluted:3,2811,339

Comprehensive Income ($ in millions)

12/31/2013
12/31/2012
Net income:3,3171,356
Other comprehensive loss(136) 
Other undisclosed comprehensive income 143
Comprehensive income:3,1811,499
Comprehensive income, net of tax, attributable to noncontrolling interest3519
Other undisclosed comprehensive loss, net of tax, attributable to parent(70) 
Comprehensive income, net of tax, attributable to parent:3,1461,518

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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