WESTERN MIDSTREAM OPERATING, LP WES Income Statement

Western midstream operating, lp (WES)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues and Other
Revenues and other
2,746,174	2,299,658	2,429,614	1,804,270	1,752,072	1,533,377	1,200,060	894,476	858,144	663,274	619,764
Equity income, net – related parties
237,518	195,469	115,141	78,717	71,251	57,836	22,948	16,042	11,261	-	-
Operating expenses
Cost of product
444,247	415,505	953,792	494,194	528,369	458,379	377,626	336,079	327,371	246,476	238,874
Operation and maintenance
641,219	480,861	345,617	308,010	331,972	293,710	235,971	140,106	126,464	103,887	106,590
General and administrative
114,591	67,195	53,949	45,591	41,319	38,561	34,766	99,212	40,564	29,970	33,171
Property and other taxes
61,352	51,848	53,147	40,145	33,288	28,889	26,243	19,688	16,579	14,273	14,173
Depreciation and amortization
483,255	389,164	318,771	272,933	272,611	211,809	172,863	120,608	113,133	91,129	90,692
Long-lived asset impairments
6,300	230,600	180,100	15,535	515,458	5,125	49,920	-	-	-	-
Total operating expenses
1,750,943	1,635,157	1,905,327	1,176,408	1,723,017	1,036,473	897,389	715,693	624,111	485,735	483,500
Gain (loss) on divestiture and other, net
-1,406	1,312	132,388	-14,641	57,024	-9	0	-	-	-	-
Proceeds from business interruption insurance claims
0	0	29,882	16,270	0	0	-	-	-	-	-
Operating income (loss)
1,231,343	861,282	801,698	708,208	157,330	554,731	325,619	194,825	245,294	177,539	136,264
Interest income – related parties
16,900	16,900	16,900	16,900	16,900	16,900	16,900	16,900	24,106	20,243	20,717
Interest expense
303,286	183,831	142,520	114,921	113,872	76,766	51,797	42,060	30,345	18,794	9,955
Other income (expense), net
-123,785	-4,763	1,384	479	-619	864	1,837	292	-44	-538	1,628
Income (loss) before income taxes
821,172	689,588	677,462	610,666	59,739	495,729	292,559	169,957	239,011	178,450	148,654
Income tax expense (benefit)
13,472	58,934	-59,923	8,372	45,532	39,061	4,315	20,690	32,150	21,517	22,159
Net income (loss)
807,700	630,654	737,385	602,294	14,207	456,668	288,244	149,267	206,861	156,933	126,495
Net income (loss) attributable to noncontrolling interest
110,459	79,083	196,595	10,963	10,101	14,025	10,816	14,890	14,103	11,005	10,260
Net income (loss) attributable to Western Midstream Operating, LP
697,241	551,571	540,790	591,331	4,106	442,643	277,428	134,377	192,758	145,928	116,235
Limited partners' interest in net income (loss):
Net income (loss) attributable to Western Midstream Operating, LP
697,241	551,571	540,790	-	-	-	-	-	-	-	-
Pre-acquisition net (income) loss allocated to Anadarko
29,279	182,142	164,183	11,326	79,386	65,154	6,929	27,391	52,599	31,797	44,827
General partner interest in net (income) loss
5,637	0	0	236,561	180,996	120,980	69,633	28,089	8,599	3,067	1,428
Limited partners' interest in net income (loss)
662,325	369,429	376,607	-	-	-	200,866	78,897	131,560	111,064	69,980
Net income (loss) per common unit basic
-	-	-	-	-	2.13	1.83	0.84	-	-	-
Net income (loss) per common unit diluted
-	-	-	-	-	2.12	1.83	0.84	-	-	-
WES Operating [Member]
Revenues and other
2,746,174	2,299,658	2,429,614	-	-	-	-	-	-	-	-
Equity income, net – related parties
237,518	195,469	115,141	-	-	-	-	-	-	-	-
Cost of product
444,247	415,505	953,792	-	-	-	-	-	-	-	-
Operation and maintenance
641,219	480,861	345,617	-	-	-	-	-	-	-	-
General and administrative
107,772	63,166	51,077	-	-	-	-	-	-	-	-
Property and other taxes
61,352	51,848	53,147	-	-	-	-	-	-	-	-
Depreciation and amortization
483,255	389,164	318,771	-	-	-	-	-	-	-	-
Long-lived asset impairments
6,279	230,584	180,051	-	-	-	-	-	-	-	-
Total operating expenses
1,744,124	1,631,128	1,902,455	-	-	-	-	-	-	-	-
Gain (loss) on divestiture and other, net
-1,406	1,312	132,388	-	-	-	-	-	-	-	-
Proceeds from business interruption insurance claims
0	0	29,882	-	-	-	-	-	-	-	-
Operating income (loss)
1,238,162	865,311	804,570	-	-	-	-	-	-	-	-
Interest income – related parties
16,900	16,900	16,900	-	-	-	-	-	-	-	-
Interest expense
303,041	181,796	140,291	-	-	-	-	-	-	-	-
Other income (expense), net
-123,864	-4,955	1,299	-	-	-	-	-	-	-	-
Income (loss) before income taxes
828,157	695,460	682,478	-	-	-	-	-	-	-	-
Income tax expense (benefit)
13,472	58,934	-59,923	-	-	-	-	-	-	-	-
Net income (loss)
814,685	636,526	742,401	-	-	-	-	-	-	-	-
Net income (loss) attributable to noncontrolling interest
7,095	8,609	10,735	-	-	-	-	-	-	-	-
Net income (loss) attributable to Western Midstream Operating, LP
807,590	627,917	731,666	-	-	-	-	-	-	-	-
Net income (loss) attributable to Western Midstream Operating, LP
807,590	627,917	731,666	-	-	-	-	-	-	-	-
Pre-acquisition net (income) loss allocated to Anadarko
29,279	182,142	164,183	-	-	-	-	-	-	-	-
General partner interest in net (income) loss
0	346,538	303,835	-	-	-	-	-	-	-	-
Affiliates [Member]
Revenues and other
1,607,396	1,353,711	1,539,105	1,228,232	-	-	-	-	-	-	-
Cost of product
254,771	168,535	74,560	80,455	-	-	-	-	-	-	-
Operation and maintenance
146,990	115,948	82,249	72,330	-	-	-	-	-	-	-
General and administrative
101,485	49,672	43,221	38,066	-	-	-	-	-	-	-
Total operating expenses
503,246	334,155	200,030	190,851	-	-	-	-	-	-	-
Interest expense
1,970	6,746	224	-7,747	-	-	-	-	-	-	-
Third Parties [Member]
Revenues and other
1,138,778	945,947	890,509	576,038	-	-	-	-	-	-	-
Interest expense
301,316	177,085	142,296	122,668	-	-	-	-	-	-	-
Series A Preferred Units [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	45,784	-	-	-	-	-	-	-
Limited partners’ interest in net income (loss)
-	-	-	76,893	-	-	-	-	-	-	-
Common Units [Member]
Net income (loss)
662,325	369,429	376,607	269,018	-	-	-	-	-	-	-
Limited partners’ interest in net income (loss)
-	-	-	226,611	-	-	-	-	-	-	-
Net income (loss) per common unit – basic and diluted
-	-	-	1.74	-	-	-	-	-	-	-
Common and Class C Units [Member]
Limited partners’ interest in net income (loss)
-	-	-	266,551	-	-	-	-	-	-	-