WESTERN MIDSTREAM OPERATING, LP WES Balance Sheet

Western midstream operating, lp (WES)

Balance Sheet / Yearly

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	Dec'10
ASSETS
Current assets
Cash and Cash Equivalents, at Carrying Value
152	99	117	95	100	92	130	53	521	78	152	188	122	357	144	157	108	98	73	87	58	67	67	110	83	100	38	74	63	419	47	258	39	226	251	62	30	27
Accounts receivable, net
257	260	232	219	212	221	224	167	189	160	192	136	152	223	214	221	179	193	150	172	144	122	126	109	100	84	75	76	28	50	21	19	19	90	26	28	-	11
Other Assets, Current
81	41	42	20	23	31	25	26	22	14	13	10	10	12	9	5	3	7	11	11	10	10	6	4	7	10	8	6	8	6	9	5	7	7	6	3	5	5
Assets, Current
490	402	393	336	335	344	381	247	733	254	358	334	285	594	367	385	291	299	235	272	213	199	200	224	191	194	122	157	100	477	78	283	66	324	285	94	55	44
Note receivable - Anadarko
-	-	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260	260
Property, plant, and equipment
Property, Plant and Equipment, Gross
12,545	12,355	12,109	11,852	11,580	11,258	8,912	8,618	8,272	7,864	7,582	7,354	7,240	6,861	6,912	6,818	6,700	6,556	5,862	5,948	5,814	6,248	4,754	4,591	4,414	4,239	4,061	3,873	3,733	3,432	3,014	2,866	2,741	2,708	2,163	2,025	2,004	2,239
Less accumulated depreciation
3,558	3,290	3,176	3,058	2,950	2,848	2,494	2,405	2,208	2,133	2,074	2,006	1,974	1,812	1,882	1,816	1,760	1,697	1,330	1,426	1,368	1,110	986	936	894	855	817	779	745	714	671	642	615	587	430	406	386	486
Net property, plant, and equipment
8,986	9,064	8,933	8,793	8,629	8,410	6,418	6,213	6,063	5,730	5,507	5,347	5,266	5,049	5,030	5,002	4,940	4,858	4,531	4,521	4,446	5,137	3,767	3,655	3,519	3,383	3,243	3,094	2,988	2,717	2,342	2,224	2,126	2,121	1,732	1,618	1,618	1,753
Goodwill
4	445	445	445	445	445	416	416	416	416	417	417	417	417	419	419	419	419	387	393	393	418	105	105	105	105	105	105	105	105	87	82	82	99	-	-	-	-
Other intangible assets
800	809	817	825	833	841	753	761	768	775	782	789	796	803	810	817	825	832	839	846	853	884	52	52	53	53	54	54	55	55	52	52	52	52	-	-	-	-
Goodwill and other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117	115	115	82
Equity Method Investments
1,292	1,285	1,264	1,249	1,217	1,092	786	754	557	566	573	581	591	594	599	606	610	618	629	630	635	634	639	637	613	593	227	211	109	219	105	107	108	109	39	39	40	114
Other assets
76	78	63	69	74	62	14	14	14	11	14	14	15	13	13	13	13	13	30	31	27	28	28	29	34	27	28	26	27	27	26	26	23	24	8	9	5	8
Other long-term assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	267	-	165	164	-	204
Assets
11,908	12,346	12,178	11,980	11,796	11,457	9,031	8,666	8,813	8,014	7,914	7,745	7,632	7,733	7,501	7,504	7,360	7,301	6,914	6,954	6,830	7,563	5,054	4,964	4,777	4,617	4,042	3,909	3,646	3,863	2,953	3,036	2,720	2,991	2,443	2,137	2,095	2,263
LIABILITIES, EQUITY, AND PARTNERS' CAPITAL
Current liabilities
Accounts and imbalance payables
219	293	273	240	328	443	360	331	360	349	302	198	186	247	101	90	103	98	57	45	51	89	27	28	30	39	19	23	35	25	85	40	27	26	17	20	-	17
Debt, Current
11	7	8	8	2,000	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued ad valorem taxes
52	35	45	30	48	36	37	26	38	26	33	22	35	23	31	20	27	17	26	18	19	15	21	14	16	13	18	11	17	11	15	9	12	8	12	7	9	6
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0
Accrued Liabilities, Current
166	149	269	219	141	129	114	131	78	47	57	56	57	45	122	130	127	119	138	149	171	177	152	133	124	137	140	110	147	147	108	107	81	92	51	30	-	28
Liabilities, Current
449	485	596	499	2,518	637	512	489	477	424	393	277	280	315	254	241	259	235	222	212	241	282	201	176	172	190	177	146	201	185	210	158	122	127	81	58	47	51
Long-term liabilities
Long-term Debt, Excluding Current Maturities
8,088	7,951	7,730	7,489	5,208	4,787	4,566	4,177	4,176	3,464	3,343	3,253	3,092	3,091	2,907	2,932	3,021	2,690	2,587	2,677	2,532	2,422	2,082	2,022	1,912	1,418	1,518	1,418	1,553	1,168	1,010	1,010	948	669	669	668	-	474
APCWH Note Payable
-	-	0	0	0	427	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
16	18	17	16	15	280	10	8	8	7	10	10	9	6	6	6	5	139	6	5	7	169	0	-0	-0	37	-1	-1	-1	-47	-1	-1	-1	-123	-	-	0	-126
Asset retirement obligations
339	336	319	320	311	300	157	151	147	143	146	142	145	142	139	137	132	128	119	120	114	120	85	81	79	79	76	74	71	68	69	69	68	67	62	61	60	48
Other liabilities
222	208	178	164	151	132	141	138	128	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred purchase price obligation - Anadarko
-	-	-	-	-	-	-	-	-	-	0	0	37	41	16	29	193	188	184	179	175	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities, Noncurrent
8,666	8,515	8,246	7,990	5,686	5,927	4,876	4,476	4,460	3,619	3,500	3,405	3,284	3,281	3,069	3,104	3,352	3,147	2,897	2,982	2,830	2,713	2,169	2,105	1,993	1,535	1,596	1,495	1,626	1,284	1,081	1,080	1,017	860	731	730	705	649
Liabilities
9,116	9,001	8,843	8,489	8,205	6,564	5,388	4,965	4,938	4,043	3,893	3,683	3,564	3,597	3,324	3,345	3,612	3,383	3,119	3,194	3,072	2,995	2,370	2,282	2,165	1,725	1,774	1,641	1,827	1,469	1,291	1,239	1,140	987	813	789	753	701
Equity and partners' capital
Limited Partners' Capital Account
2,684	3,209	3,182	3,338	3,437	951	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,524	2,528	2,459	-	2,127	2,130	1,692	1,957	1,552	1,617	1,416	1,495	-	-	-	-
General partner units (zero and 2,583,068 units issued and outstanding at December 31, 2019 and 2018, respectively)
-	-	-	-	-	0	199	191	185	179	172	165	153	143	138	131	125	120	119	112	106	105	89	84	81	78	68	66	54	52	41	39	33	31	31	25	24	21
Net investment by Anadarko
-	-	0	0	0	1,388	-	-	-	-	-	-	-	-	0	0	0	430	0	0	0	556	0	0	0	312	0	-	-	313	-	-	-	356	-	-	-	356
Partners' Capital
2,659	3,195	3,182	3,338	3,437	2,339	3,582	3,639	3,812	3,909	3,956	4,000	4,005	4,071	4,112	4,092	3,681	3,850	3,726	3,691	3,688	4,498	2,613	2,612	2,541	2,821	2,195	2,196	1,747	2,323	1,593	1,656	1,450	1,883	1,523	1,251	1,251	1,471
Partners' Capital Attributable to Noncontrolling Interest
133	149	152	152	153	2,552	60	62	62	61	64	62	63	64	64	65	66	67	67	68	69	69	70	69	70	70	72	71	71	70	68	140	129	120	106	96	90	90
Partners' Capital, Including Portion Attributable to Noncontrolling Interest
2,792	3,345	3,335	3,491	3,591	4,892	3,642	3,701	3,874	3,971	4,020	4,062	4,068	4,135	4,176	4,158	3,748	3,918	3,794	3,759	3,757	4,568	2,683	2,682	2,611	2,892	2,267	2,267	1,818	2,394	1,662	1,797	1,580	2,004	1,630	1,348	1,341	1,562
Liabilities and Equity
11,908	12,346	12,178	11,980	11,796	11,457	9,031	8,666	8,813	8,014	7,914	7,745	7,632	7,733	7,501	7,504	7,360	7,301	6,914	6,954	6,830	7,563	5,054	4,964	4,777	4,617	4,042	3,909	3,646	3,863	2,953	3,036	2,720	2,991	2,443	2,137	2,095	2,263
WES Operating [Member]
Cash and Cash Equivalents, at Carrying Value
148	98	115	95	97	90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, net
249	260	235	220	214	221	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets, Current
79	39	40	19	23	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets, Current
477	398	391	335	335	342	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note receivable - Anadarko
-	-	260	260	260	260	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property, Plant and Equipment, Gross
12,545	12,355	12,109	11,852	11,580	11,258	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less accumulated depreciation
3,558	3,290	3,176	3,058	2,950	2,848	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net property, plant, and equipment
8,986	9,064	8,933	8,793	8,629	8,410	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
4	445	445	445	445	445	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other intangible assets
800	809	817	825	833	841	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity Method Investments
1,292	1,285	1,264	1,249	1,217	1,092	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
76	78	63	69	74	62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets
11,896	12,342	12,176	11,979	11,796	11,454	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts and imbalance payables
219	293	273	240	328	443	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt, Current
11	7	8	8	2,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued ad valorem taxes
52	35	45	30	48	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued Liabilities, Current
160	149	269	219	141	127	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities, Current
443	485	596	498	2,518	608	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Debt, Excluding Current Maturities
8,088	7,951	7,730	7,489	5,208	4,787	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
APCWH Note Payable
-	-	0	0	0	427	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
16	18	17	16	15	280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset retirement obligations
339	336	319	320	311	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
222	208	178	164	151	132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities, Noncurrent
8,666	8,515	8,246	7,990	5,686	5,927	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities
9,110	9,001	8,842	8,488	8,205	6,535	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General partner units (zero and 2,583,068 units issued and outstanding at December 31, 2019 and 2018, respectively)
-	-	0	0	0	206	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net investment by Anadarko
-	-	0	0	0	1,388	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partners' Capital
2,756	3,286	3,275	3,433	3,533	4,861	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partners' Capital Attributable to Noncontrolling Interest
29	55	57	57	57	57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partners' Capital, Including Portion Attributable to Noncontrolling Interest
2,786	3,341	3,333	3,491	3,591	4,919	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities and Equity
11,896	12,342	12,176	11,979	11,796	11,454	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Affiliates [Member]
Accounts receivable, net
124	113	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets, Current
9	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note receivable - Anadarko
257	260	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
59	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued Liabilities, Current
2	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
107	97	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A Preferred Units [Member]
Series A Preferred units, Common units and Class C units
-	-	-	-	-	-	-	-	-	-	0	0	336	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partners' Capital, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	0	0	336	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Units [Member]
Common units and Class C units
-	-	-	-	-	-	2,595	2,666	2,842	2,950	3,012	3,070	2,759	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partners' Capital, Including Portion Attributable to Noncontrolling Interest
2,684	3,209	3,182	3,338	3,437	951	2,595	2,666	2,842	2,950	3,012	3,070	2,759	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class C Units [Member]
Common units and Class C units
-	-	-	-	-	-	787	781	784	780	771	764	754	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partners' Capital, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	787	781	784	780	771	764	754	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-