Targa resources corp. (TRGP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Net income (loss)

41

60

104

-159

-151

423

201

159

215

63

79

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization in interest expense

10

10

11

14

15

11

15

18

13

9

10

Paid-in-kind interest expense

-

-

-

-

-

-

-

-

-

10

25

Compensation on equity grants

60

56

42

29

25

14

13

17

15

13

0

Depreciation and amortization expense

971

815

809

757

644

351

271

197

181

174

168

Impairment of property, plant and equipment

243

-

378

-

-

-

-

-

-

-

-

Impairment of goodwill

0

210

-

207

290

0

0

-

-

-

-

Accretion of asset retirement obligations

4

3

3

4

5

4

4

4

3

3

2

Increase (decrease) in redemption value of mandatorily redeemable preferred interests

72

72

-3

15

30

-

0

-

-

-

-

Deferred income tax expense (benefit)

-87

5

-392

-37

24

-4

5

9

12

33

19

Equity (earnings) loss of unconsolidated affiliates

39

7

-17

-14

-2

18

14

1

-

-

0

Distributions of earnings received from unconsolidated affiliates

49

20

12

4

-13

-18

12

1

0

0

-

Risk management activities

-112

-9

-10

-26

-71

-4

0

-3

21

-29

-40

(Gain) loss on sale or disposition of assets

-71

0

-15

-6

8

4

-3

-15

-0

1

-0

Payments of interest on Holdco loan facility

-

-

-

-

-

-

-

-

-

0

6

Asset retirement obligations estimate change

-

-

-

-

-

-

-

-

-

10

-

Write-down of assets

-

-

-

0

32

-

-

-

-

-

1

(Gain) loss from financing activities

-1

-2

-16

-48

-10

-12

14

-12

0

-

-

(Gain) loss from sale of equity-method investment

69

-

-

-

-

-

-

-

-

-

-

Change in contingent considerations

8

-8

-99

-0

-1

-

-

-

-

-

-

Changes in operating assets and liabilities, net of business acquisitions:
Loss on debt redemption

-

-

-

-

-

-

-

-

-

-17

-1

Loss (gain) on early debt extinguishment

-

-

-

-

-

-

-

-

-

12

9

Receivables and other assets

24

6

20

222

-235

-90

143

-98

101

119

140

Inventories

45

13

73

15

-41

36

84

-6

41

11

-19

Accounts payable and other liabilities

80

57

100

176

-186

-104

83

-113

102

-15

122

Net cash provided by operating activities

1,389

1,144

939

837

1,034

761

382

428

379

205

335

Cash flows from investing activities
Outlays for property, plant and equipment

2,877

3,114

1,297

562

817

762

1,013

582

331

139

99

Outlays for business acquisition, net of cash acquired

-

-

570

-

1,574

-

0

996

-

-

-

Return of capital from unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-3

-

Unconsolidated affiliate distributions in excess of accumulated earnings

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sale of business and assets

14

256

2

4

-

-

-

-

-

-

-

Investments in unconsolidated affiliates

266

282

9

4

11

-

0

16

21

0

0

Proceeds from sale of equity-method investment

70

-

-

-

-

-

-

-

-

-

-

Business acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

156

0

0

Purchase of material and supplies

-

-

-

-

-

-

-

-

0

-

-

Return of capital from unconsolidated affiliates

3

5

0

4

1

5

0

0

0

-

-

Other, net

15

12

17

1

-2

-5

12

-4

-0

-4

-40

Net cash used in investing activities

-3,071

-3,146

-1,892

-558

-2,399

-751

-1,026

-1,590

-509

-131

-59

Debt obligations:
Proceeds from borrowings under credit facilities

3,100

2,235

2,701

2,322

2,488

2,492

2,238

2,595

2,112

1,593

-

Repayments of credit facilities

3,800

1,555

2,671

2,617

1,870

2,328

2,021

1,690

2,054

1,057

596

Borrowings

-

-

-

-

-

-

-

-

-

-

-806

Proceeds from issuance of senior notes

-

-

-

-

-

-

-

-

-

-

0

Cash paid on note exchange

-

-

-

-

-

-

-

-

27

0

0

Proceeds from borrowings under accounts receivable securitization facility

944

546

666

171

391

381

373

0

0

-

-

Repayments of accounts receivable securitization facility

854

616

591

115

355

478

93

0

0

-

-

Proceeds from issuance of senior notes and term loan

-

-

-

-

2,122

-

0

-

-

-

-

Non-Partnership debt obligations:
Proceeds from borrowings under credit facility

-

-

-

-

-

-

65

-90

0

-495

0

Repayments of credit facility

-

-

-

-

-

-

63

96

0

1,087

589

Repayments on senior term loan

-

-

-

-

-

-

0

-

-

-

-

Redemption of senior notes

-

-

-

-

-

-

0

-

-

-

-

Redemption of senior notes

749

-

698

1,852

284

-

0

-

-

-

-

Principal payments of finance leases

11

-

-

-

-

-

-

-

-

-

-

Redemption of TPL senior notes

-

-

-

13

1,168

-

-

-

-

-

-

Proceeds from issuance of common stock

-

689

1,660

577

336

-

0

-

-

-

-

Proceeds from issuance of preferred stock and warrants

-

-

-

994

-

-

-

-

-

-

-

Proceeds from sale of Partnership common and preferred units

-

-

-

-

443

412

524

514

310

224

0

Costs incurred in connection with financing arrangements

35

24

23

71

54

14

15

36

18

39

13

Payment of contingent consideration

317

-

-

-

-

-

-

-

-

-

-

Repurchase of shares and units under compensation plans

13

4

3

3

8

7

0

0

-

-

-

Sale of ownership interests in subsidiaries

1,619

-

-

-

-

-

-

-

-

-

-

Purchase of noncontrolling interests in subsidiary

-

0

12

37

-

-

278

-

196

136

98

Contributions from noncontrolling interests

555

817

141

43

78

-

4

-

-

-

-

Distributions to noncontrolling interests

191

70

48

26

14

-

-

211

-

-

-

Distributions to Partnership unitholders

11

11

11

150

500

339

-

-

-

-

-

Dividends paid to common and Series A preferred shareholders

953

908

843

565

179

113

-

-

-

-

-

Other, net

-

-

-

-0

-1

-

-

-

-

-

-

Payments of distribution equivalent rights

-

-

-

-

-

1

0

-

-

-

-

Repurchase of common stock under TRC compensation plans

-

-

-

-

-

-

13

9

0

0

0

Dividends to common shareholders

-

-

-

-

-

-

87

62

38

210

0

Excess tax benefit from stock-based awards

-

-

-

-

-

1

1

1

0

0

-

Partnership equity transactions

-

-

-

-

-

-

-

-

-

317

103

Stock options exercised

-

-

-

-

-

-

-

-

-

0

0

Dividends to preferred shareholders

-

-

-

-

-

-

-

-

-

238

0

Net cash provided by (used in) financing activities

1,781

2,097

1,016

-345

1,424

3

634

1,093

87

-137

-386

Net change in cash and cash equivalents

99

94

63

-66

59

14

-9

-69

-42

-64

-110