TARGA RESOURCES CORP. TRGP Income Statement

Targa resources corp. (TRGP)

Income statement / TTM

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	Mar'11	Sep'10	Jun'10
Revenues:
Total revenues
8,420	8,671	8,794	9,878	10,327	10,484	10,589	9,734	9,157	8,814	8,124	7,645	7,361	6,690	6,325	6,305	6,421	6,658	7,044	7,700	8,001	8,616	8,592	7,770	7,211	6,314	5,626	5,553	5,431	5,679	6,292	6,612	7,021	6,994	6,280	5,807	0	0	0
Costs and expenses:
Product purchases
5,580	6,118	6,424	7,479	8,023	8,238	8,398	7,677	7,192	6,906	6,281	5,841	5,566	4,922	4,566	4,507	4,590	4,837	5,230	5,947	6,336	6,992	7,028	6,316	5,876	5,098	4,543	4,527	4,425	4,672	8,088	8,421	8,824	6,039	2,595	2,168	0	0	0
Operating expenses
797	792	784	778	739	722	698	659	644	622	602	589	573	553	544	544	551	540	573	543	504	487	458	443	433	414	365	346	327	313	432	430	424	287	148	133	0	0	0
Depreciation and amortization expense
973	971	927	889	855	815	813	815	816	809	796	772	755	757	759	741	719	644	546	468	390	351	326	307	287	271	252	231	214	197	277	274	271	181	97	96	0	0	0
General and administrative expense
260	280	303	297	281	256	230	217	211	203	198	194	190	187	163	162	164	161	162	160	152	148	161	156	153	151	145	143	141	139	206	206	205	136	62	55	0	0	0
Impairment of long-lived assets
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	207	314	314	314	290	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating (income) expense
-69	-71	-9	-52	-6	-3	-16	45	-1	-17	-17	-22	-21	-6	1	6	6	7	-3	1	1	3	4	-4	-8	-9	-27	-23	0	-	0	0	-	-	0	-	-	0	-
Total costs and expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Income (loss) from operations
-1,945	192	135	170	212	237	431	31	-86	-122	-333	41	70	55	-53	10	56	159	529	582	620	640	622	542	452	368	309	280	302	336	358	370	385	351	286	263	0	0	0
Other income (expense):
Interest expense, net
-355	-337	-303	-292	-282	-185	-176	-154	-154	-233	-248	-255	-264	-254	-229	-234	-230	-231	-230	-199	-167	-147	-338	-268	-200	-134	-113	-117	-119	-120	119	116	113	111	113	112	0	0	0
Equity earnings (loss)
56	39	16	9	8	7	6	3	-2	-17	-19	-21	-22	-14	-12	-12	-9	-2	3	9	15	18	18	19	18	14	12	4	1	1	3	7	9	8	6	6	0	0	0
Gain (loss) from financing activities
39	-1	-3	0	0	-	-	0	-	-16	-86	-86	-78	-48	24	24	23	-10	-25	-25	-21	-12	-7	-14	0	-	0	0	-	-	0	0	-	-	-	-	-	0	0
Gain (loss) from sale of equity-method investment
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in contingent considerations
-	8	-12	4	-55	-8	38	-105	-46	-99	-125	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on early debt extinguishment, net (See Note 10)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Loss on mark-to-market derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Other, net
-	-	-	-	-	-	-	-	-	-2	-2	-1	-4	0	0	-1	-1	-27	-34	-34	-34	-8	-0	8	15	15	9	-1	-8	-8	-2	-1	-1	-1	0	0	0	0	0
Income (loss) before income taxes
-2,134	-46	-74	-117	-9	65	221	-16	-205	-292	-564	-324	-301	-259	-268	-211	-160	-111	241	332	412	491	497	423	335	249	175	138	160	196	239	258	274	242	163	133	0	0	0
Income tax (expense) benefit:
Current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77	66	57	42	30	28	28	27	38	31	28	14	-2	-1	0	0	0
Deferred
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	2	3	5	11	7	7	9	6	14	14	12	0	-15	0	0	0
Income tax (expense) benefit
-380	-87	-42	-42	-6	5	-227	-320	-459	-397	-229	-140	-32	-100	-18	14	27	39	68	60	60	68	71	68	61	48	42	35	36	36	32	34	30	26	27	26	0	0	0
Net income (loss)
-1,754	41	-32	-75	-3	60	448	304	253	104	-335	-183	-268	-159	-250	-226	-187	-151	172	272	351	423	426	355	274	201	133	102	123	159	206	224	243	215	136	107	0	0	0
Less: Net income (loss) attributable to noncontrolling interests
153	250	171	104	57	58	56	56	57	50	44	39	35	28	-240	-240	-240	-209	116	197	265	320	329	272	203	136	77	54	82	121	171	192	210	184	131	119	0	0	0
Net income (loss) attributable to Targa Resources Corp.
-1,908	-209	-203	-179	-60	1	391	247	196	54	-380	-223	-303	-187	-9	14	52	58	61	75	0	-	0	0	-	-	-	-	-	-	-	-	-	-	4	-11	0	0	0
Dividends on Series A Preferred Stock
91	91	91	91	91	91	91	91	91	91	91	91	91	72	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Deemed dividends on Series A Preferred Stock
34	33	32	31	30	29	28	27	26	25	24	24	24	18	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to common shareholders
-2,034	-334	-326	-302	-182	-119	271	128	77	-63	-496	-338	-419	-278	-71	-19	48	58	0	0	0	-	-	-	0	-	55	48	41	38	0	0	0	-	-	-	-	0	0
Net income (loss) per common share - basic
-7.60	-0.62	-0.34	-0.18	-0.30	-0.62	-0.24	0.36	-0.03	1.23	-0.91	0.14	-0.77	-1.18	-0.23	-0.33	-0.06	0.52	0.23	0.27	0.07	0.61	0.73	0.63	0.47	0.49	0.39	0.36	0.32	0.28	0.21	0.21	0.23	0.20	0.12	0.26	0.17	-3.77	-48.10
Net income (loss) per common share - diluted
-7.60	-0.62	-0.34	-0.18	-0.30	-0.61	-0.24	0.35	-0.03	1.23	-0.91	0.14	-0.77	-1.18	-0.23	-0.33	-0.06	0.52	0.23	0.27	0.07	0.60	0.73	0.63	0.47	0.48	0.39	0.36	0.32	0.26	0.21	0.21	0.23	0.21	0.12	0.25	0.16	-3.77	-48.10
Weighted average shares outstanding - basic
233	232	232	232	232	230	226	221	218	216	215	203	191	181	168	161	106	56	56	55	45	42	42	42	42	41	41	41	41	41	41	41	41	41	41	41	40	5	4
Weighted average shares outstanding - diluted
233	232	232	232	232	228	226	222	218	215	215	205	191	181	168	161	106	56	56	56	45	42	42	42	42	42	42	42	42	41	41	41	41	41	41	41	41	5	4
Dividends per common share declared for the period
-	-	-	-	-	-	-	-	-	-	0.91	0.91	0.91	-	0.91	0.91	0.91	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	177,800,000.00
Sales of Commodities [Member]
Total revenues
7,197	7,393	7,551	8,611	9,081	9,278	9,379	8,597	8,066	7,751	7,097	6,624	6,313	5,626	5,228	5,151	5,234	5,465	6,128	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees from Midstream Services [Member]
Total revenues
1,223	1,277	1,243	1,267	1,246	1,205	1,209	1,137	1,091	1,063	1,027	1,020	1,047	1,064	1,097	1,154	1,187	1,193	1,170	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-