Tallgrass Energy, LP (TGE) financial statements (2021 and earlier)

Company profile

Business Address 4200 W. 115TH STREET, SUITE 350
LEAWOOD, KS 66211
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments910322
Cash and cash equivalents910322
Receivables3242361216058
Inventory, net of allowances, customer advances and progress billings4934221314
Inventory4934221314
Prepaid expense 121173
Derivative instruments and hedges, assets   11 
Other current assets12    
Other undisclosed current assets  111
Total current assets:3952921579478
Noncurrent Assets
Finance lease, right-of-use asset31
Operating lease, right-of-use asset13
Property, plant and equipment2,7752,8022,3942,0122,025
Long-term investments and receivables2,0061,862910462 
Long-term investments2,0061,862910462 
Intangible assets, net (including goodwill)683649503437440
Goodwill441422405343343
Intangible assets, net (excluding goodwill)242227989497
Deferred costs    7
Deferred tax assets, net274313521452
Other undisclosed noncurrent assets31215151615
Total noncurrent assets:5,8195,6024,1353,4482,939
TOTAL ASSETS:6,2145,8944,2923,5423,017
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3612851545746
Accounts payable246202992422
Accrued liabilities5123361710
Taxes payable2521191614
Interest and dividends payable3939   
Deferred revenue128
Debt1    
Derivative instruments and hedges, liabilities  21 
Due to related parties  568
Deferred revenue and credits886127
Other undisclosed current liabilities37154988
Total current liabilities:52743925913289
Noncurrent Liabilities
Long-term debt and lease obligation3,4413,2062,2931,556901
Long-term debt, excluding current maturities3,4413,2062,2931,556901
Liabilities, other than long-term debt, including:53321975
Other undisclosed liabilities, other than long-term debt53321975
Total noncurrent liabilities:3,4943,2382,3121,563906
Total liabilities:4,0213,6762,5711,695995
Stockholders' equity
Other undisclosed stockholders' equity2,193    
Total stockholders' equity:2,193    
Other undisclosed liabilities and equity 2,2171,7211,8472,021
TOTAL LIABILITIES AND EQUITY:6,2145,8944,2923,5423,017

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues869793656605536
Revenue, net656605536
Cost of revenue(323)(311)(257)(240)(234)
Cost of goods and services sold(1) (91)(72)(75)
Gross profit:546483399365302
Operating expenses(193)(132)(127)(111)(105)
Operating income:353351272254197
Nonoperating income (expense)1661731617(16)
Investment income, nonoperating  2(1) 
Other nonoperating income (expense)2(1)123
Interest and debt expense 2  (0)
Income from continuing operations before equity method investments, income taxes:519526432261180
Other undisclosed income (loss) from continuing operations before income taxes (2)  0
Income from continuing operations before income taxes:519523432261181
Income tax expense(71)(56)(208)(18)(7)
Income before gain (loss) on sale of properties:449468224243173
Other undisclosed net income    15
Net income:449468224243188
Net loss attributable to noncontrolling interest(200)(331)(353)(216)(156)
Net income (loss) available to common stockholders, basic:249137(129)2732
Dilutive securities, effect on basic earnings per share12 0 
Net income (loss) available to common stockholders, diluted:250139(129)2732

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:449468224243188
Comprehensive income:449468224243188
Comprehensive loss, net of tax, attributable to noncontrolling interest(200)(331)(353)(216)(156)
Comprehensive income (loss), net of tax, attributable to parent:249137(129)2732

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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