Targa Resources, Inc. (TRGP) financial statements (2020 and earlier)

Company profile

Business Address TARGA RESOURCES PARTNERS LP
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 investments331232137741408167
Cash and cash equivalents331232137741408167
Receivables855866828742516567659
Inventory, net of allowances, customer advances and progress billings162165205138141169151
Inventory162165205138141169151
Derivative instruments and hedges, assets      2
Disposal group, including discontinued operation138      
Deferred tax assets     1
Other current assets70416336312119
Other undisclosed current assets10311538179245(0)
Total current assets:1,6581,4191,2701,007920883897
Noncurrent Assets
Property, plant and equipment14,54912,92810,4309,6919,7034,8254,350
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
Regulated entity, other noncurrent assets 31     
Other noncurrent assets543722641108889
Other undisclosed noncurrent assets3632353516 
Total noncurrent assets:17,15715,51913,11911,86412,3345,5715,151
TOTAL ASSETS:18,81516,93814,38912,87113,2546,4546,049
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3801,7371,187844657639762
Accounts payable9971,2011,001691528528 
Accrued liabilities182122161916 
Employee-related liabilities62575337164640
Taxes payable     12 
Interest and dividends payable1268054528137 
Other undisclosed accounts payable and accrued liabilities177379574713 722
Debt3701,029     
Derivative instruments and hedges, liabilities      8
Disposal group, including discontinued operation6      
Deferred tax liabilities    11
Other undisclosed current liabilities11632430324225188 
Total current liabilities:1,8732,7991,6171,168882827770
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,4405,6324,7034,6065,7622,8852,989
Long-term debt, excluding current maturities 5,6324,7034,6065,7622,8852,989
Finance lease, liability26
Operating lease, liability47
Other undisclosed long-term debt and lease obligation7,367      
Liabilities, other than long-term debt3067871,0771,156358202198
Deferred tax liabilities, net525479941178138136
Other liabilities3062625982151806361
Derivative instruments and hedges, liabilities      1
Other undisclosed noncurrent liabilities754249160148(81)  
Total noncurrent liabilities:8,5006,6695,9405,9116,0393,0873,187
Total liabilities:10,3729,4677,5567,0786,9213,9143,957
Temporary equity, carrying amount  766983  
Stockholders' equity
Stockholders' equity attributable to parent, including:4,9216,0796,1605,2491,461170149
Treasury stock, value(54)(40)(36)(32)(29)(25)(23)
Additional paid in capital5,2216,1556,3035,5061,457165152
Accumulated other comprehensive income (loss)9394(30)(38)65(1)
Retained earnings (accumulated deficit)(340)(130)(77)(187)272621
Other undisclosed stockholders' equity attributable to parent00000  
Stockholders' equity attributable to noncontrolling interest3,5221,3915964764,7892,3701,943
Total stockholders' equity:8,4437,4716,7565,7246,2502,5402,091
TOTAL LIABILITIES AND EQUITY:18,81516,93814,38912,87113,2546,4546,049

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
Revenues8,6719,3518,8156,6916,66717,23813,114
Revenue, net8,8156,6916,65917,23313,110
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)(6,558)
Gross profit:2,5532,2461,9091,7681,7861,5701,178
Operating expenses(1,074)(979)(826)(741)(666)(576)(532)
Other operating income (expense), net(71)(4)(17)(7)73(10)
Other expenses (0)(1) (1)(1) 
Other nonrecurring (income) expense     1(6)
Other undisclosed operating loss(1,215)(1,026)(1,188)(965)(967)(356)(268)
Operating income (loss):193238(122)56159641368
Nonoperating income (expense)690(3)1(27)(8)15
Investment income, nonoperating69      
Other nonoperating income (expense) 0(3)1(27)(8)15
Interest and debt expense(1)(2)(17)(48)(10)(37)(178)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (234)(104)44
Income (loss) from continuing operations before equity method investments, income taxes:261236(142)9(112)491250
Income from equity method investments     1815
Other undisclosed loss from continuing operations before income taxes(308)(170)(151)(269)   
Income (loss) from continuing operations before income taxes:(47)66(293)(260)(112)509264
Income tax expense (benefit)88(6)397101(40)(68)(48)
Income (loss) before gain (loss) on sale of properties:4160104(159)(151)441216
Other undisclosed net loss     (18) 
Net income (loss):4160104(159)(151)423216
Net income (loss) attributable to noncontrolling interest(250)(59)(50)(28)210(321)(136)
Other undisclosed net loss attributable to parent      (15)
Net income (loss) attributable to parent:(209)254(187)5810265
Preferred stock dividends and other adjustments(125)(121)(117)(91)   
Net income (loss) available to common stockholders, diluted:(334)(119)(63)(278)5810265

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):4160104(159)(151)423216
Other comprehensive income (loss)(2)1298(87)2663(20)
Other undisclosed comprehensive loss      (15)
Comprehensive income (loss):39190113(246)(126)486182
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(250)(59)(50)(41)185(379)(118)
Comprehensive income (loss), net of tax, attributable to parent:(211)13162(287)5910864

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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