Targa Resources, Inc. (TRGP) financial statements (2021 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)

12/31/2020
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 investments2433312321377414081
Cash and cash equivalents2433312321377414081
Receivables863855866828742516567
Inventory, net of allowances, customer advances and progress billings182162165205138141169
Inventory182162165205138141169
Disposal group, including discontinued operation 138     
Other current assets88704163363121
Other undisclosed current assets8610311538179245
Total current assets:1,4601,6581,4191,2701,007920883
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
Regulated entity, other noncurrent assets  31    
Other noncurrent assets965437226411088
Other undisclosed noncurrent assets493632353516
Total noncurrent assets:14,41517,15715,51913,11911,86412,3345,571
TOTAL ASSETS:15,87618,81516,93814,38912,87113,2546,454
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1531,3801,7371,187844657639
Accounts payable8349971,2011,001691528528
Accrued liabilities186182122161916
Employee-related liabilities 625753371646
Taxes payable      12
Interest and dividends payable1331268054528137
Other undisclosed accounts payable and accrued liabilities 177379574713 
Debt 3701,029    
Disposal group, including discontinued operation 6     
Deferred tax liabilities    1
Other undisclosed current liabilities62711632430324225188
Total current liabilities:1,7791,8732,7991,6171,168882827
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,3877,4405,6324,7034,6065,7622,885
Long-term debt, excluding current maturities  5,6324,7034,6065,7622,885
Finance lease, liability1926
Operating lease, liability 47
Other undisclosed long-term debt and lease obligation7,3687,367     
Liabilities, other than long-term debt4613067871,0771,156358202
Deferred tax liabilities, net525479941178138
Deferred income tax liabilities152 
Other liabilities30930626259821518063
Other undisclosed noncurrent liabilities345754249160148(81) 
Total noncurrent liabilities:8,1938,5006,6695,9405,9116,0393,087
Total liabilities:9,97310,3729,4677,5567,0786,9213,914
Temporary equity, carrying amount   766983 
Stockholders' equity
Stockholders' equity attributable to parent, including:2,6544,9216,0796,1605,2491,461170
Treasury stock, value(151)(54)(40)(36)(32)(29)(25)
Additional paid in capital4,8405,2216,1556,3035,5061,457165
Accumulated other comprehensive income (loss)(142)9394(30)(38)65
Retained earnings (accumulated deficit)(1,894)(340)(130)(77)(187)2726
Other undisclosed stockholders' equity attributable to parent000000 
Stockholders' equity attributable to noncontrolling interest3,2493,5221,3915964764,7892,370
Total stockholders' equity:5,9038,4437,4716,7565,7246,2502,540
TOTAL LIABILITIES AND EQUITY:15,87618,81516,93814,38912,87113,2546,454

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(1,034)(1,074)(979)(826)(741)(666)(576)
Other operating income (expense), net(117)(71)(4)(17)(7)73
Other expenses(3) (0)(1) (1)(1)
Other nonrecurring (income) expense      1
Other undisclosed operating loss(3,308)(1,215)(1,026)(1,188)(965)(967)(356)
Operating income (loss):(1,304)193238(122)56159641
Nonoperating income (expense)3690(3)1(27)(8)
Investment income, nonoperating 69     
Other nonoperating income (expense)3 0(3)1(27)(8)
Interest and debt expense46(1)(2)(17)(48)(10)(37)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (234)(104)
Income (loss) from continuing operations before equity method investments, income taxes:(1,255)261236(142)9(112)491
Income from equity method investments      18
Other undisclosed loss from continuing operations before income taxes(318)(308)(170)(151)(269)  
Income (loss) from continuing operations before income taxes:(1,573)(47)66(293)(260)(112)509
Income tax expense (benefit)24888(6)397101(40)(68)
Income (loss) before gain (loss) on sale of properties:(1,325)4160104(159)(151)441
Other undisclosed net loss      (18)
Net income (loss):(1,325)4160104(159)(151)423
Net income (loss) attributable to noncontrolling interest(229)(250)(59)(50)(28)210(321)
Net income (loss) attributable to parent:(1,554)(209)254(187)58102
Preferred stock dividends and other adjustments (125)(121)(117)(91)  
Other undisclosed net loss available to common stockholders, basic(131)      
Net income (loss) available to common stockholders, diluted:(1,685)(334)(119)(63)(278)58102

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):(1,325)4160104(159)(151)423
Other comprehensive income (loss)(234)(2)1298(87)2663
Comprehensive income (loss):(1,559)39190113(246)(126)486
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(229)(250)(59)(50)(41)185(379)
Comprehensive income (loss), net of tax, attributable to parent:(1,788)(211)13162(287)59108

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: