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)

12/31/2019
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 investments291203125681357258
Cash and cash equivalents291203125681357258
Receivables855864826673515567938
Inventory, net of allowances, customer advances and progress billings162165205138141169151
Inventory162165205138141169151
Derivative instruments and hedges, assets      2
Disposal group, including discontinued operation138      
Other current assets543256321047
Other undisclosed current assets10311538179244(280)
Total current assets:1,6031,3801,249927893856876
Noncurrent Assets
Property, plant and equipment14,54912,92810,4309,6919,7034,8254,345
Long-term investments and receivables7394912222412595056
Long-term investments7394912222412595056
Intangible assets, net (including goodwill)1,7802,0302,4221,8642,227592653
Goodwill4547257210417  
Intangible assets, net (excluding goodwill)1,7351,9832,1661,6541,810592653
Derivative instruments and hedges      3
Other noncurrent assets38281317483938
Other undisclosed noncurrent assets36342353516 
Total noncurrent assets:17,14215,51013,11011,81812,2725,5215,096
TOTAL ASSETS:18,74516,89014,35912,74513,1656,3775,971
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,2841,6371,107774636593721
Accounts payable9951,196999688527526 
Accrued liabilities10821151815 
Employee-related liabilities    011
Taxes payable     14 
Interest and dividends payable1257954528037 
Other undisclosed accounts payable and accrued liabilities154354331910 720
Debt3701,029     
Derivative instruments and hedges, liabilities      8
Due to related parties19418777613053 
Disposal group, including discontinued operation6      
Other undisclosed current liabilities1163243032422518852
Total current liabilities:1,9702,8861,6131,159890834782
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,0055,1974,2684,1775,1642,7832,905
Long-term debt, excluding current maturities 5,1974,2684,1775,1642,7832,905
Finance lease, liability26
Operating lease, liability18
Other undisclosed long-term debt and lease obligation6,961      
Liabilities, other than long-term debt2602586002322057266
Deferred tax liabilities, net242427271412
Other liabilities2602345762051785853
Derivative instruments and hedges, liabilities      1
Total noncurrent liabilities:7,2655,4554,8684,4095,3692,8552,971
Total liabilities:9,2358,3416,4815,5686,2603,6893,753
Temporary equity, carrying amount  766983  
Stockholders' equity
Stockholders' equity attributable to parent123125(46)(62)8760(6)
Accumulated other comprehensive income (loss)123125(46)(62)8760(6)
Total stockholders' equity:123125(46)(62)8760(6)
Other undisclosed liabilities and equity9,3878,4247,8487,1706,7362,6282,225
TOTAL LIABILITIES AND EQUITY:18,74516,89014,35912,74513,1656,3775,971

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
Revenues8,6719,3518,8156,6916,66717,238(21)
Revenue, net8,8156,6916,65917,23313,111
Financial services revenue  85(4)
Cost of revenue
(Cost of Goods and Services Sold)
(6,119)(8,238)(6,906)(4,923)(4,873)(7,047)(5,379)
Other undisclosed gross profit 1,133  (8)(8,621)6,577
Gross profit:2,5532,2461,9091,7681,7861,5701,178
Operating expenses(1,060)(963)(813)(731)(658)(568)(523)
Other operating income (expense), net(71)(4)(17)(7)73(10)
Other expenses (0)(1) (1)(1) 
Other nonrecurring (income) expense     36
Other undisclosed operating loss(1,215)(1,026)(1,188)(965)(967)(351)(268)
Operating income (loss):206254(109)66167653377
Nonoperating income (expense)690(3)1(19)(5)15
Investment income, nonoperating69      
Other nonoperating income (expense) 0(3)1(19)(5)15
Interest and debt expense(1)(1)(11)(48)3(181)(50)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (210)43(81)
Income (loss) from continuing operations before equity method investments, income taxes:274252(123)19(59)510262
Income (loss) from equity method investments397(17)(14) 1815
Other undisclosed loss from continuing operations before income taxes(330)(161)(118)(234)   
Income (loss) from continuing operations before income taxes:(17)99(258)(229)(59)528276
Income tax expense (benefit)1070(1)(5)(3)
Net income (loss):(16)99(251)(229)(59)523273
Net income (loss) attributable to noncontrolling interest(239)(48)(39)(21)32(37)(25)
Net income (loss) available to common stockholders, diluted:(255)51(290)(249)(27)486248

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 (loss):(16)99(251)(229)(59)523273
Other comprehensive income (loss)(2)17116(149)2766(21)
Other undisclosed comprehensive loss     (18)(15)
Comprehensive income (loss):(18)270(235)(377)(33)572238
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(239)(48)(39)(21)32(37)25
Other undisclosed comprehensive loss, net of tax, attributable to parent      (50)
Comprehensive income (loss), net of tax, attributable to parent:(257)222(274)(398)(1)534213

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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