Kinder morgan, inc. (KMI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues
Revenues

3,106

3,352

3,214

3,214

3,429

3,781

3,517

3,428

3,418

3,632

3,281

3,368

3,424

3,389

3,330

3,144

3,195

3,636

3,707

3,463

3,597

3,951

4,291

3,937

4,047

3,872

3,756

3,382

3,060

3,079

2,870

2,167

1,857

1,937

2,122

1,952

1,932

2,088

1,990

Operating Costs, Expenses and Other
Costs of sales

663

776

762

777

948

1,199

1,135

1,068

1,019

1,207

1,007

1,070

1,061

975

971

752

731

778

1,106

1,085

1,090

1,383

1,642

1,610

1,643

1,486

1,543

1,254

970

986

854

637

580

728

914

843

793

964

847

Operations and maintenance

620

679

668

646

598

640

646

617

619

774

609

556

533

628

576

603

565

686

612

590

505

577

557

540

483

533

517

643

419

518

491

387

306

327

399

467

298

330

319

Depreciation, depletion and amortization

565

661

578

579

593

587

569

571

570

564

562

577

558

557

549

552

551

584

617

570

538

522

520

502

496

479

467

445

415

409

403

333

274

279

281

258

250

261

269

General and Administrative Expense

153

134

154

148

154

110

154

164

173

179

168

157

184

153

171

189

190

150

160

164

216

149

135

154

172

132

158

183

140

113

186

501

129

116

109

110

180

308

104

Taxes, other than income taxes

92

102

103

103

118

86

86

85

88

101

102

91

104

97

106

110

108

100

108

116

115

92

105

111

110

100

95

102

98

79

88

69

50

40

37

51

46

41

40

Loss on impairments and divestitures, net (Note 2)

-971

929

3

10

0

-

588

-653

-

-

7

0

-

-694

76

-4

235

430

385

50

54

-

0

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of Long-Lived Assets Held-for-use

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

1

2

-1

2

0

-

0

2

-

7

0

1

-7

1

1

-2

1

-2

2

4

-1

-5

0

0

4

-80

65

17

-1

35

-4

-20

2

-18

-1

13

0

-0

-3

Total Operating Costs, Expenses and Other

3,063

1,421

2,263

2,241

2,411

2,723

2,002

3,156

2,469

2,824

2,455

2,450

2,447

2,489

2,448

2,204

2,379

3,880

2,986

2,571

2,519

2,995

2,959

2,924

2,900

2,712

2,715

2,610

2,043

2,114

2,018

1,907

1,341

1,496

1,741

1,716

1,567

1,907

1,585

Operating Income

43

1,931

951

973

1,018

1,058

1,515

272

949

808

826

918

977

900

882

940

816

-244

721

892

1,078

956

1,332

1,013

1,147

1,160

1,041

772

1,017

965

852

260

516

441

381

236

365

181

405

Other Income (Expense)
Income (Loss) from Equity Method Investments

192

-425

173

161

192

179

160

58

220

-49

167

135

175

154

137

106

100

110

114

114

76

100

107

100

99

98

100

93

101

-85

101

72

65

70

50

56

50

57

60

Amortization of excess cost of equity investments

32

-

-

-

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on impairment of equity investment

-

-

-

-

-

-

-

-

-

-

0

0

-

-

350

-

6

-

0

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Depreciation and Amortization

-

-

21

19

-

18

21

24

32

16

15

15

15

14

15

16

14

12

13

14

12

12

12

11

10

10

11

9

9

14

5

2

2

2

2

2

1

1

1

Interest, net

-436

-442

-447

-452

-460

-461

-473

-516

-467

-445

-459

-463

-465

-422

-472

-471

-441

-527

-540

-472

-512

-478

-432

-440

-448

-428

-418

-427

-402

-

-

-

-

-

-

-

-

-

-

Gain on remeasurement of previously held equity investments to fair value (Note 3)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

558

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investments in Express pipeline system (Note 3)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-

-

0

0

0

0

-

-167

-

-

-

-

Gain on remeasurement of previously held equity interest in Eagle Ford Gathering to fair value (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

225

-

0

0

-

-

-

-

-

-

-

Interest expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

523

291

179

-

176

174

174

173

163

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

6

5

5

7

Loss on remeasurement of previously held equity interest in KinderHawk (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Other, net

2

40

12

13

10

17

20

34

36

26

28

24

19

36

12

17

13

10

9

11

13

24

30

13

13

18

11

19

5

-10

21

7

1

6

3

7

1

5

-2

Total Other Expense

-274

-849

-283

-297

-279

-283

-314

-448

-243

-484

-279

-319

-286

-512

-688

-352

-348

-449

-430

-361

-435

-366

-307

-338

-346

-387

-319

234

-80

-515

-406

-214

-115

-101

-286

-107

-119

-107

-99

(Loss) Income Before Income Taxes

-231

1,082

668

676

739

775

1,201

-176

706

324

547

599

691

388

194

588

468

-693

291

531

643

590

1,025

675

801

773

722

1,006

937

450

446

46

401

340

95

129

246

73

306

Income Tax Expense (Benefit)

60

455

151

148

172

273

196

-46

164

1,316

160

216

246

173

377

213

154

43

108

189

224

24

246

178

200

67

171

225

279

-26

60

9

96

112

66

87

96

20

45

Income from Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

706

551

781

658

476

386

37

305

228

29

42

150

52

260

Income from operations of the FTC Natural Gas Pipelines disposal group and other, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

115

48

47

-50

65

55

40

51

-

-

Loss on sale and the remeasurement of KMPs FTC Natural Gas Pipelines disposal group to fair value, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

179

327

428

-

167

0

0

-

-

Loss from Discontinued Operations, Net of Tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-2

12

-131

-280

-378

65

55

40

51

-0

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-291

627

517

528

567

502

1,005

-130

542

-992

387

383

445

215

-183

375

314

-736

183

342

419

566

779

497

601

704

551

781

656

488

255

-243

-73

293

84

82

201

52

260

Net Income Attributable to Noncontrolling Interests

15

17

11

10

11

8

273

11

18

14

14

7

5

6

5

3

-1

-41

-3

9

-10

440

450

213

314

366

265

504

364

268

55

-117

-94

138

-68

-50

46

42

214

Net (Loss) Income Attributable to Kinder Morgan, Inc.

-306

610

506

518

556

494

732

-141

524

-1,006

373

376

440

209

-188

372

315

-695

186

333

429

126

329

284

287

338

286

277

292

220

200

-126

21

155

152

132

155

10

46

Preferred Stock Dividends

-

-

0

0

-

11

39

39

39

39

39

39

39

39

39

39

39

26

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

-

-

506

518

-

483

693

-180

485

-1,045

334

337

401

170

-227

333

276

-721

186

333

429

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class P Shares
Basic and Diluted (Loss) Earnings Per Common Share

-0.14

0.27

0.22

0.23

0.24

0.21

0.31

-0.08

0.22

-0.47

0.15

0.15

0.18

0.08

-0.10

0.15

0.12

-

0.08

0.15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and Diluted Weighted Average Common Shares Outstanding

2,264

2,268

2,264

2,262

2,262

2,248

2,205

2,204

2,207

2,229

2,231

2,230

2,230

2,232

2,230

2,229

2,229

-

2,203

2,175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted Earnings Per Common Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.10

0.15

0.12

-0.33

0.08

0.15

0.20

0.02

0.32

0.27

0.28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted Weighted Average Common Shares Outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,230

2,229

2,229

2,231

2,203

2,187

2,151

1,463

1,028

1,028

1,029

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends Per Common Share Declared for the Period

-

-

0.25

0.25

-

-

0.20

0.20

0.20

-

0.12

0.12

0.12

0.12

0.12

0.12

0.12

-

0.51

0.49

-

-

-

-

-

0.41

0.41

0.40

0.38

0.37

0.36

0.35

0.32

0.31

0.30

0.30

0.14

-

-

Services
Revenues

1,992

2,142

2,008

2,011

2,037

2,045

1,959

1,984

1,967

2,030

1,938

1,940

1,977

1,992

2,006

2,034

2,114

2,342

2,015

1,963

1,970

1,970

2,050

1,801

1,829

1,796

1,675

1,602

1,604

1,688

1,531

1,033

761

860

737

712

741

758

751

Commodity sales
Revenues

1,067

-

-

-

1,349

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other
Revenues

47

-

-

-

43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural gas sales
Revenues

-

-

629

609

-

-

799

727

827

-

714

758

809

714

719

478

543

633

744

677

785

961

1,043

1,014

1,097

956

968

944

737

760

670

497

584

730

925

847

803

965

848

Product sales and other [Member]
Revenues

-

-

577

594

-

-

759

717

624

-

629

670

638

683

605

632

538

661

948

823

842

1,020

1,198

1,122

1,121

1,120

1,113

836

719

631

669

637

512

347

460

393

388

363

391