Targa Resources Partners LP (NGLS) financial statements (2021 and earlier)

Company profile

Business Address 1000 LOUISIANA
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2312912031256813572
Cash and cash equivalents2312912031256813572
Receivables863855864826673515567
Inventory, net of allowances, customer advances and progress billings181162165205138141169
Inventory181162165205138141169
Disposal group, including discontinued operation 138     
Other current assets6454325632104
Other undisclosed current assets8610311538179244
Total current assets:1,4251,6031,3801,249927893856
Noncurrent Assets
Property, plant and equipment12,17414,54912,92810,4309,6919,7034,825
Long-term investments and receivables71473949122224125950
Long-term investments71473949122224125950
Intangible assets, net (including goodwill)1,3821,7802,0302,4221,8642,227592
Goodwill 4547257210417 
Intangible assets, net (excluding goodwill)1,3821,7351,9832,1661,6541,810592
Other noncurrent assets84382813174839
Other undisclosed noncurrent assets4936342353516
Total noncurrent assets:14,40317,14215,51013,11011,81812,2725,521
TOTAL ASSETS:15,82918,74516,89014,35912,74513,1656,377
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1911,2841,6371,107774636593
Accounts payable8329951,196999688527526
Accrued liabilities13910821151815
Employee-related liabilities     01
Taxes payable      14
Interest and dividends payable2201257954528037
Other undisclosed accounts payable and accrued liabilities 154354331910 
Debt3573701,029    
Due to related parties22019418777613053
Disposal group, including discontinued operation 6     
Other undisclosed current liabilities15511632430324225188
Total current liabilities:1,9221,9702,8861,6131,159890834
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,8327,0055,1974,2684,1775,1642,783
Long-term debt, excluding current maturities  5,1974,2684,1775,1642,783
Finance lease, liability1926
Operating lease, liability 18
Other undisclosed long-term debt and lease obligation6,8136,961     
Liabilities, other than long-term debt27926025860023220572
Deferred tax liabilities, net2424272714
Deferred income tax liabilities20 
Other liabilities26026023457620517858
Total noncurrent liabilities:7,1117,2655,4554,8684,4095,3692,855
Total liabilities:9,0339,2358,3416,4815,5686,2603,689
Temporary equity, carrying amount   766983 
Stockholders' equity
Stockholders' equity attributable to parent(187)123125(46)(62)8760
Accumulated other comprehensive income (loss)(187)123125(46)(62)8760
Total stockholders' equity:(187)123125(46)(62)8760
Other undisclosed liabilities and equity6,9829,3878,4247,8487,1706,7362,628
TOTAL LIABILITIES AND EQUITY:15,82918,74516,89014,35912,74513,1656,377

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8,2608,6719,3518,8156,6916,66717,238
Revenue, net8,8156,6916,65917,233
Cost of revenue
(Cost of Goods and Services Sold)
(5,105)(6,119)(8,238)(6,906)(4,923)(4,873)(7,047)
Other undisclosed gross profit  1,133  (8)(8,621)
Gross profit:3,1552,5532,2461,9091,7681,7861,570
Operating expenses(1,022)(1,060)(963)(813)(731)(658)(568)
Other operating income (expense), net(117)(71)(4)(17)(7)73
Other expenses(3) (0)(1) (1)(1)
Other nonrecurring (income) expense      3
Other undisclosed operating loss(3,308)(1,215)(1,026)(1,188)(965)(967)(351)
Operating income (loss):(1,291)206254(109)66167653
Nonoperating income (expense)3690(3)1(19)(5)
Investment income, nonoperating 69     
Other nonoperating income (expense)3 0(3)1(19)(5)
Interest and debt expense46(1)(1)(11)(48)3(181)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (210)43
Income (loss) from continuing operations before equity method investments, income taxes:(1,243)274252(123)19(59)510
Income (loss) from equity method investments73397(17)(14) 18
Other undisclosed loss from continuing operations before income taxes(379)(330)(161)(118)(234)  
Income (loss) from continuing operations before income taxes:(1,549)(17)99(258)(229)(59)528
Income tax expense (benefit)41070(1)(5)
Net income (loss):(1,545)(16)99(251)(229)(59)523
Net income (loss) attributable to noncontrolling interest(214)(239)(48)(39)(21)32(37)
Net income (loss) available to common stockholders, diluted:(1,759)(255)51(290)(249)(27)486

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,545)(16)99(251)(229)(59)523
Other comprehensive income (loss)(309)(2)17116(149)2766
Other undisclosed comprehensive loss      (18)
Comprehensive income (loss):(1,854)(18)270(235)(377)(33)572
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(214)(239)(48)(39)(21)32(37)
Comprehensive income (loss), net of tax, attributable to parent:(2,068)(257)222(274)(398)(1)534

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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