TARGA RESOURCES CORP. TRGP Balance Sheet

Targa resources corp. (TRGP)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Current assets:
Cash and cash equivalents
375	331	326	226	124	232	203	281	219	137	114	98	80	73	141	170	114	140	102	105	170	81	78	75	94	66	83	82	112	76	120	117	121	145	154	154	188
Trade receivables, net of allowances of $0.1 and $0.0 million at March 31, 2020 and December 31, 2019
438	855	744	637	752	865	1,037	867	745	827	710	550	537	674	547	490	428	515	621	602	675	567	698	682	610	658	498	435	427	514	416	368	462	575	544	495	466
Inventories
100	161	210	205	197	164	177	181	96	204	267	197	75	137	150	111	61	141	151	124	78	168	251	151	88	150	201	138	66	99	84	89	45	92	139	69	50
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	4	4	0	-	-	-	0	-	-	0	0	0	13	3
Assets from risk management activities
199	103	140	103	75	115	59	54	63	37	18	35	23	16	34	41	82	92	92	91	126	44	5	2	1	2	10	23	18	29	33	56	40	41	35	22	25
Income tax receivable
-	-	-	-	-	-	-	-	-	-	4	2	70	67	78	-	-	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
101	69	54	39	29	41	82	47	35	62	85	30	24	36	24	43	28	17	33	38	17	20	20	23	10	18	14	17	6	13	11	17	6	11	17	22	16
Held for sale assets
0	137	-	-	-	0	165	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
1,214	1,658	1,476	1,211	1,181	1,418	1,726	1,431	1,160	1,269	1,200	914	812	1,006	976	856	715	920	1,001	963	1,067	882	1,053	939	809	897	809	697	631	733	666	649	676	866	890	779	750
Property, plant and equipment
-	-	19,596	19,048	18,189	17,220	16,221	15,451	14,768	14,205	13,692	13,313	12,957	12,518	12,354	12,229	12,114	11,935	11,798	11,602	11,624	6,521	6,307	6,165	5,936	5,758	5,454	5,166	4,919	4,708	4,196	4,060	3,920	3,821	3,572	3,498	3,331
Accumulated depreciation and amortization
-	-	4,899	4,679	4,485	4,292	4,140	4,029	3,927	3,775	3,623	3,086	2,993	2,827	2,674	2,526	2,380	2,232	2,048	1,917	1,791	1,696	1,614	1,541	1,472	1,408	1,344	1,283	1,227	1,170	1,135	1,096	1,048	1,001	-955	910	822
Property, plant and equipment, net
12,411	14,548	14,696	14,368	13,703	12,928	12,080	11,421	10,841	10,430	10,068	10,226	9,963	9,691	9,680	9,702	9,734	9,702	9,750	9,684	9,833	4,824	4,693	4,623	4,464	4,349	4,109	3,883	3,692	3,538	3,061	2,964	2,872	2,819	2,616	2,587	2,509
Intangible assets, net
1,488	1,735	1,854	1,897	1,940	1,983	2,029	2,074	2,120	2,165	2,214	2,264	2,238	1,654	1,693	1,726	1,765	1,810	1,695	1,735	1,602	591	607	622	638	653	660	667	674	680	-	-	-	1	-	-	-
Goodwill, net
-	-	46	46	46	46	256	256	256	256	256	256	369	210	393	393	393	417	551	557	628	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term assets from risk management activities
82	35	60	47	23	34	8	21	41	23	13	17	21	5	12	13	25	34	45	40	51	15	1	1	2	3	3	5	3	5	11	21	9	10	20	13	18
Investments in unconsolidated affiliates
736	738	718	676	605	490	441	363	313	221	222	218	227	240	246	250	254	258	264	258	322	50	51	52	53	55	51	57	54	53	51	50	42	36	-	-	15
Other long-term assets
93	99	66	69	69	36	25	26	19	21	21	19	21	63	53	58	60	67	110	113	119	58	84	88	86	89	91	95	92	94	91	95	98	95	262	121	100
Total assets
16,026	18,815	18,918	18,318	17,569	16,938	16,569	15,596	14,753	14,388	13,998	13,918	13,653	12,871	13,055	13,000	12,949	13,211	13,418	13,352	13,625	6,423	6,491	6,328	6,055	6,048	5,725	5,407	5,148	5,105	3,881	3,780	3,698	3,831	3,790	3,501	3,393
LIABILITIES, SERIES A PREFERRED STOCK AND OWNERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities
873	1,379	1,327	1,297	1,680	1,737	2,088	1,670	1,030	1,186	1,024	886	867	843	710	697	541	650	688	689	736	638	798	806	745	761	679	597	621	679	509	463	536	700	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33	31	47	0	0	0	0	0	2	7	3	0	11	21	4	0	0	-	-
Liabilities from risk management activities
41	104	83	50	43	33	176	103	53	79	80	9	22	49	13	14	2	5	4	1	0	5	3	12	12	8	5	3	8	7	6	2	28	41	34	56	34
Current debt obligations
280	382	258	309	318	1,027	290	180	300	350	528	500	534	275	225	225	150	219	135	124	197	182	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Held for sale liabilities
0	6	-	-	-	0	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	298	326	254
Accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	339	319	335
Total current liabilities
1,196	1,872	1,669	1,658	2,041	2,798	2,556	1,953	1,384	1,616	1,633	1,395	1,424	1,167	948	937	693	874	862	847	982	826	802	818	758	770	687	608	633	686	526	487	569	741	673	702	624
Long-term debt
7,639	7,440	7,279	6,639	7,118	5,632	5,678	5,392	5,064	4,703	4,368	3,937	4,213	4,606	4,725	4,778	4,921	5,718	5,938	5,796	5,838	2,855	3,137	3,048	2,891	2,989	2,867	2,728	2,522	2,475	1,751	1,610	1,469	1,567	1,603	1,265	1,534
Long-term liabilities from risk management activities
30	40	46	2	9	3	67	35	18	19	14	5	7	26	17	19	7	2	4	5	1	0	1	2	1	1	1	1	5	4	7	4	13	15	10	44	32
Deferred income taxes, net
204	434	527	512	507	525	487	519	509	479	728	852	951	941	1,141	1,083	1,117	177	156	133	127	138	135	142	138	135	136	125	127	131	116	107	118	120	117	119	111
Other long-term liabilities
296	305	305	305	301	262	270	214	589	597	497	588	688	215	159	164	155	186	76	78	80	63	65	73	66	60	58	62	57	53	53	62	62	55	52	64	54
Contingencies (see Note 15)
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Owners' equity:
Common stock value
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, no shares issued and outstanding)
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
4,991	5,221	5,457	5,687	5,925	6,154	6,270	6,233	6,141	6,302	6,434	6,666	5,986	5,506	5,377	5,371	5,321	1,457	1,492	1,524	1,532	164	153	149	149	151	147	131	173	184	172	186	200	229	243	257	244
Receivables from common stock issuances
-	-	-	-	-	-	-	-	-	-	-	-	19	-	-	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings (deficit)
-2,077	-339	-226	-179	-169	-130	-23	60	-49	-77	-360	-192	-250	-187	-36	-25	-2	26	12	15	3	25	30	26	19	20	12	-3	-18	-32	-43	-51	-60	-70	-78	-83	-100
Accumulated other comprehensive income (loss)
168	92	140	83	48	94	-125	-37	34	-29	-43	21	6	-38	-2	-5	43	5	5	3	5	4	0	-0	-0	-0	0	1	0	1	2	6	0	-1	0	-4	0
Treasury stock, at cost (1,091,598 shares as of March 31, 2020 and 1,009,284 shares as of December 31, 2019)
56	53	53	49	49	39	39	38	36	35	35	34	32	32	31	29	28	28	28	27	27	25	25	23	23	22	9	9	9	9	-	-	-	0	-	-	-
Total Targa Resources Corp. stockholders' equity
3,026	4,920	5,318	5,542	5,756	6,079	6,081	6,217	6,090	6,160	5,995	6,460	5,689	5,248	5,306	5,274	5,333	1,461	1,481	1,516	1,514	169	159	151	144	148	151	120	145	144	131	140	140	158	165	169	144
Noncontrolling interests
3,346	3,522	3,501	3,396	1,581	1,391	1,188	1,032	873	595	549	474	481	475	570	562	547	4,788	4,898	4,976	5,080	2,369	2,190	2,091	2,054	1,942	1,823	1,761	1,657	1,609	1,296	1,367	1,325	1,172	1,166	1,134	891
Total owners' equity
6,372	8,442	8,819	8,939	7,337	7,470	7,270	7,250	6,964	6,756	6,545	6,935	6,170	5,724	5,876	5,837	5,880	6,250	6,379	6,492	6,594	2,539	2,349	2,243	2,199	2,091	1,974	1,881	1,803	1,753	1,427	1,508	1,465	1,330	1,332	1,304	1,036
Total liabilities, Series A Preferred Stock and owners' equity
16,026	18,815	18,918	18,318	17,569	16,938	16,569	15,596	14,753	14,388	13,998	13,918	13,653	12,871	13,055	13,000	12,949	13,211	13,418	13,352	13,625	6,423	6,491	6,328	6,055	6,048	5,725	5,407	5,148	5,105	3,881	3,780	3,698	3,831	3,790	3,501	3,393
Series A Preferred Stock [Member]
Series A Preferred 9.5% Stock, $1,000 per share liquidation preference, (1,200,000 shares authorized, 965,100 shares issued and outstanding), net of discount (see Note 9)
287	278	270	261	253	245	238	230	223	216	209	203	196	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-