Markwest Energy Partners LP (MWE) financial statements (2021 and earlier)

Company profile

Business Address 1515 ARAPAHOE STREET
DENVER, CO 80202
State of Incorp.
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10985348
Cash and cash equivalents10985348
Restricted cash and investments20  
Receivables309299199
Inventory, net of allowances, customer advances and progress billings324125
Inventory324125
Deferred costs20271
Derivative instruments and hedges, assets211120
Prepaid expense and other current assets35
Deferred tax assets0235
Other current assets4744
Other undisclosed current assets(20)(17)25
Total current assets:538515657
Noncurrent Assets
Property, plant and equipment8,6537,6935,076
Long-term investments and receivables8067631
Long-term investments8067631
Intangible assets, net (including goodwill)8921,020997
Goodwill82145142
Intangible assets, net (excluding goodwill)809875855
Derivative instruments and hedges17111
Restricted cash and investments 1010
Deferred costs535251
Other noncurrent assets34
Prepaid expense and other noncurrent assets2
Deferred tax assets, net  (191)
Other undisclosed noncurrent assets2027192
Total noncurrent assets:10,4438,8826,179
TOTAL ASSETS:10,9819,3966,836
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities725850723
Accounts payable271401321
Accrued liabilities360438391
Employee-related liabilities20  
Taxes payable191211
Interest and dividends payable55  
Derivative instruments and hedges, liabilities 2927
Due to related parties9  
Deferred tax liabilities0  
Other liabilities631839712
Other undisclosed current liabilities(726)(850)(723)
Total current liabilities:640868739
Noncurrent Liabilities
Long-term debt and lease obligation3,6213,0232,523
Long-term debt, excluding current maturities3,6213,0232,523
Liabilities, other than long-term debt526472371
Deferred tax liabilities, net357288204
Other liabilities169157134
Derivative instruments and hedges, liabilities 2832
Other undisclosed noncurrent liabilities  (13)
Total noncurrent liabilities:4,1483,4952,881
Total liabilities:4,7884,3633,620
Temporary equity, carrying amount 236 
Stockholders' equity
Stockholders' equity attributable to noncontrolling interest983720328
Other undisclosed stockholders' equity 4,0782,887
Total stockholders' equity:9834,7983,216
Other undisclosed liabilities and equity5,210  
TOTAL LIABILITIES AND EQUITY:10,9819,3966,836

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

12/31/2014
12/31/2013
12/31/2012
Revenues2,1761,6621,452
Revenue, net2,3271,8101,479
Cost of revenue(1,176)(1,016)(739)
Cost of goods and services sold(1,176)(982)(739)
Gross profit:1,000646713
Operating expenses(680)(400)(351)
Other undisclosed operating income57 20
Operating income:377246382
Nonoperating expense(175)(154)(125)
Interest and debt expense(166)(190)(120)
Income (loss) from continuing operations before equity method investments, income taxes:36(99)137
Income (loss) from equity method investments(4)11
Other undisclosed income from continuing operations before income taxes171150119
Income from continuing operations before income taxes:20353257
Income tax expense(42)(13)(38)
Net income:16040219
Net income (loss) attributable to noncontrolling interest(26)(2)2
Net income attributable to parent:13438220
Other undisclosed net loss available to common stockholders, basic(2)(2)(2)
Net income available to common stockholders, basic:13236218
Other undisclosed net income available to common stockholders, diluted222
Net income available to common stockholders, diluted:13438220

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net income:16040219
Comprehensive income:16040219
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(26)2(2)
Comprehensive income, net of tax, attributable to parent:13443217

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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