| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenues: | ||||||||||
Total revenues | ||||||||||
8,671 | 10,484 | 8,814 | 6,690 | 6,658 | 8,616 | 6,314 | 5,679 | 6,994 | 5,476 | 4,542 |
Costs and expenses: | ||||||||||
Product purchases | ||||||||||
6,118 | 8,238 | 6,906 | 4,922 | 4,837 | 6,992 | 5,098 | 4,672 | 6,039 | 4,695 | 3,797 |
Operating expenses | ||||||||||
792 | 722 | 622 | 553 | 540 | 487 | 414 | 313 | 287 | 259 | 235 |
Depreciation and amortization expense | ||||||||||
971 | 815 | 809 | 757 | 644 | 351 | 271 | 197 | 181 | 185 | 170 |
General and administrative expense | ||||||||||
280 | 256 | 203 | 187 | 161 | 148 | 151 | 139 | 136 | 144 | 120 |
Impairment of property, plant and equipment | ||||||||||
243 | - | 378 | 0 | 32 | - | - | - | - | - | - |
Impairment of goodwill | ||||||||||
0 | 210 | - | 207 | 290 | 0 | 0 | - | - | - | - |
Other operating (income) expense | ||||||||||
-71 | -3 | -17 | -6 | 7 | 3 | -9 | -19 | -0 | 4 | -2 |
Total costs and expenses | ||||||||||
- | - | - | - | - | - | - | - | - | - | 4,325 |
Income (loss) from operations | ||||||||||
192 | 237 | -122 | 55 | 159 | 640 | 368 | 336 | 351 | 196 | 217 |
Other income (expense): | ||||||||||
Interest expense, net | ||||||||||
-337 | -185 | -233 | -254 | -231 | -147 | -134 | -120 | 111 | 110 | 132 |
Equity earnings (loss) | ||||||||||
39 | 7 | -17 | -14 | -2 | 18 | 14 | 1 | 8 | 5 | 5 |
Gain (loss) from financing activities | ||||||||||
-1 | -2 | -16 | -48 | -10 | -12 | 14 | -12 | 0 | -17 | -1 |
Gain (loss) from sale of equity-method investment | ||||||||||
69 | - | - | - | - | - | - | - | - | - | - |
Change in contingent considerations | ||||||||||
8 | -8 | -99 | -0 | -1 | - | - | - | - | - | - |
Gain (loss) on early debt extinguishment, net (See Note 10) | ||||||||||
- | - | - | - | - | - | - | - | - | 12 | 9 |
Loss on mark-to-market derivative instruments | ||||||||||
- | - | - | - | - | - | - | - | -5 | -0 | 0 |
Other, net | ||||||||||
- | 0 | -2 | 0 | -27 | -8 | 15 | -8 | -1 | 0 | 1 |
Income (loss) before income taxes | ||||||||||
-46 | 65 | -292 | -259 | -111 | 491 | 249 | 196 | 242 | 85 | 99 |
Income tax (expense) benefit: | ||||||||||
Current | ||||||||||
- | - | - | - | - | - | 42 | 27 | 14 | -10 | 1 |
Deferred | ||||||||||
- | - | - | - | - | - | 5 | 9 | 12 | 33 | 19 |
Income tax (expense) benefit | ||||||||||
-87 | 5 | -397 | -100 | 39 | 68 | 48 | 36 | 26 | 22 | 20 |
Net income (loss) | ||||||||||
41 | 60 | 104 | -159 | -151 | 423 | 201 | 159 | 215 | 63 | 79 |
Less: Net income (loss) attributable to noncontrolling interests | ||||||||||
250 | 58 | 50 | 28 | -209 | 320 | 136 | 121 | 184 | 78 | 49 |
Net income (loss) attributable to Targa Resources Corp. | ||||||||||
-209 | 1 | 54 | -187 | 58 | 102 | 65 | - | - | -15 | 29 |
Dividends on Series A Preferred Stock | ||||||||||
91 | 91 | 91 | 72 | - | - | - | - | - | 9 | 17 |
Deemed dividends on Series A Preferred Stock | ||||||||||
33 | 29 | 25 | 18 | - | - | - | - | - | - | - |
Undistributed earnings attributable to preferred shareholders | ||||||||||
- | - | - | - | - | - | - | - | - | - | -11 |
Dividends on common equivalents | ||||||||||
- | - | - | - | - | - | - | - | - | 177 | 0 |
Net income (loss) attributable to common shareholders | ||||||||||
-334 | -119 | -63 | -278 | 58 | 102 | - | 38 | 30 | -202 | 0 |
Net income (loss) per common share - basic | ||||||||||
-1.44 | -0.53 | -0.31 | -1.80 | 1.09 | 2.44 | 1.56 | 0.93 | 0.75 | -30.94 | 0.00 |
Net income (loss) per common share - diluted | ||||||||||
-1.44 | -0.53 | -0.31 | -1.80 | 1.09 | 2.43 | 1.55 | 0.91 | 0.74 | -30.94 | 0.00 |
Weighted average shares outstanding - basic | ||||||||||
232 | 224 | 206 | 154 | 53 | 42 | 41 | 41 | 41 | 6 | 3 |
Weighted average shares outstanding - diluted | ||||||||||
232 | 224 | 206 | 154 | 53 | 42 | 42 | 41 | 41 | 6 | 3 |
Dividends per common share declared for the period | ||||||||||
- | - | - | - | 3.39 | - | - | - | - | - | - |
Sales of Commodities [Member] | ||||||||||
Total revenues | ||||||||||
7,393 | 9,278 | 7,751 | 5,626 | 5,465 | 7,595 | 5,728 | - | - | - | - |
Fees from Midstream Services [Member] | ||||||||||
Total revenues | ||||||||||
1,277 | 1,205 | 1,063 | 1,064 | 1,193 | 1,021 | 586 | - | - | - | - |