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 investments | 109 | 85 | 348 | ||
| Cash and cash equivalents | 109 | 85 | 348 | ||
| Restricted cash and investments | 20 | ||||
| Receivables | 309 | 299 | 199 | ||
| Inventory, net of allowances, customer advances and progress billings | 32 | 41 | 25 | ||
| Inventory | 32 | 41 | 25 | ||
| Deferred costs | 20 | 27 | 1 | ||
| Derivative instruments and hedges, assets | 21 | 11 | 20 | ||
| Prepaid expense and other current assets | ✕ | ✕ | 35 | ||
| Deferred tax assets | 0 | 23 | 5 | ||
| Other current assets | 47 | 44 | ✕ | ||
| Other undisclosed current assets | (20) | (17) | 25 | ||
| Total current assets: | 538 | 515 | 657 | ||
| Noncurrent Assets | |||||
| Property, plant and equipment | 8,653 | 7,693 | 5,076 | ||
| Long-term investments and receivables | 806 | 76 | 31 | ||
| Long-term investments | 806 | 76 | 31 | ||
| Intangible assets, net (including goodwill) | 892 | 1,020 | 997 | ||
| Goodwill | 82 | 145 | 142 | ||
| Intangible assets, net (excluding goodwill) | 809 | 875 | 855 | ||
| Derivative instruments and hedges | 17 | 1 | 11 | ||
| Restricted cash and investments | 10 | 10 | |||
| Deferred costs | 53 | 52 | 51 | ||
| Other noncurrent assets | 3 | 4 | ✕ | ||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 2 | ||
| Deferred tax assets, net | (191) | ||||
| Other undisclosed noncurrent assets | 20 | 27 | 192 | ||
| Total noncurrent assets: | 10,443 | 8,882 | 6,179 | ||
| TOTAL ASSETS: | 10,981 | 9,396 | 6,836 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 725 | 850 | 723 | ||
| Accounts payable | 271 | 401 | 321 | ||
| Accrued liabilities | 360 | 438 | 391 | ||
| Employee-related liabilities | 20 | ||||
| Taxes payable | 19 | 12 | 11 | ||
| Interest and dividends payable | 55 | ||||
| Derivative instruments and hedges, liabilities | 29 | 27 | |||
| Due to related parties | 9 | ||||
| Deferred tax liabilities | 0 | ||||
| Other liabilities | 631 | 839 | 712 | ||
| Other undisclosed current liabilities | (726) | (850) | (723) | ||
| Total current liabilities: | 640 | 868 | 739 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 3,621 | 3,023 | 2,523 | ||
| Long-term debt, excluding current maturities | 3,621 | 3,023 | 2,523 | ||
| Liabilities, other than long-term debt | 526 | 472 | 371 | ||
| Deferred tax liabilities, net | 357 | 288 | 204 | ||
| Other liabilities | 169 | 157 | 134 | ||
| Derivative instruments and hedges, liabilities | 28 | 32 | |||
| Other undisclosed noncurrent liabilities | (13) | ||||
| Total noncurrent liabilities: | 4,148 | 3,495 | 2,881 | ||
| Total liabilities: | 4,788 | 4,363 | 3,620 | ||
| Temporary equity, carrying amount | 236 | ||||
| Stockholders' equity | |||||
| Stockholders' equity attributable to noncontrolling interest | 983 | 720 | 328 | ||
| Other undisclosed stockholders' equity | 4,078 | 2,887 | |||
| Total stockholders' equity: | 983 | 4,798 | 3,216 | ||
| Other undisclosed liabilities and equity | 5,210 | ||||
| TOTAL LIABILITIES AND EQUITY: | 10,981 | 9,396 | 6,836 | ||
Income statement (P&L) ($ in millions)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues | 2,176 | 1,662 | 1,452 | |
| Revenue, net | 2,327 | 1,810 | 1,479 | |
| Cost of revenue | (1,176) | (1,016) | (739) | |
| Cost of goods and services sold | (1,176) | (982) | (739) | |
| Gross profit: | 1,000 | 646 | 713 | |
| Operating expenses | (680) | (400) | (351) | |
| Other undisclosed operating income | 57 | 20 | ||
| Operating income: | 377 | 246 | 382 | |
| 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) | 1 | 1 | |
| Other undisclosed income from continuing operations before income taxes | 171 | 150 | 119 | |
| Income from continuing operations before income taxes: | 203 | 53 | 257 | |
| Income tax expense | (42) | (13) | (38) | |
| Net income: | 160 | 40 | 219 | |
| Net income (loss) attributable to noncontrolling interest | (26) | (2) | 2 | |
| Net income attributable to parent: | 134 | 38 | 220 | |
| Other undisclosed net loss available to common stockholders, basic | (2) | (2) | (2) | |
| Net income available to common stockholders, basic: | 132 | 36 | 218 | |
| Other undisclosed net income available to common stockholders, diluted | 2 | 2 | 2 | |
| Net income available to common stockholders, diluted: | 134 | 38 | 220 | |
Comprehensive Income ($ in millions)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net income: | 160 | 40 | 219 | |
| Comprehensive income: | 160 | 40 | 219 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (26) | 2 | (2) | |
| Comprehensive income, net of tax, attributable to parent: | 134 | 43 | 217 | |
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.