Tallgrass Energy, LP
Period
FY 2019
Revenue
$868.55M
Net Income
$248.81M
Total Assets
$6.21B
Equity
—
Shares Out
—
Op. Cash Flow
$679.01M
Business
Tallgrass Energy, LP is a former operating company in Natural Gas Transmission, incorporated in Delaware. Securities are no longer actively traded on a major U.S. exchange.
Auto-generated from company profile
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2019 2019-12-31 | FY 2018 2018-12-31 | FY 2017 2017-12-31 | FY 2016 2016-12-31 | FY 2015 2015-12-31 |
|---|---|---|---|---|---|---|
| Total Revenues | 869 | 793 | 656 | 612 | 543 | |
| Operations and maintenance | 88 | 72 | 62 | 55 | 51 | |
| Depreciation and amortization | 129 | 111 | 91 | 86 | 84 | |
| General and administrative | 104 | 71 | 66 | 57 | 53 | |
| Taxes, other than income taxes | 36 | 32 | 29 | 25 | 22 | |
| Loss (gain) on disposal of assets | −373,000 | 11 | 599,000 | −2 | 5 | |
| Total Operating Costs and Expenses | 516 | 443 | 384 | 353 | 336 | |
| Operating Income | 353 | 351 | 272 | 258 | 206 | |
| Equity in earnings of unconsolidated investments | 325 | 307 | 237 | 55 | 3 | |
| Interest expense, net | −161 | −133 | −89 | −46 | −18 | |
| Other income (expense), net | 2 | −751,000 | 13 | 432,000 | 2 | |
| Total Other Income (Expense) | 166 | 173 | 161 | 9 | −13 | |
| Net income before tax | 519 | 523 | 432 | 268 | 193 | |
| Income tax expense | −71 | −56 | −208 | −18 | 7 | |
| Net income | 449 | 468 | 224 | 250 | 200 | |
| Net income attributable to noncontrolling interests | −200 | −331 | −353 | −216 | −156 | |
| Net income (loss) attributable to TGE | 249 | 137 | −129 | 34 | 44 | |
| Basic net income (loss) per Class A share | 1.42 | 1.27 | −2.22 | 0.55 | 0.51 | |
| Diluted net income (loss) per Class A share | 1.42 | 1.27 | −2.22 | 0.55 | 0.51 | |
| Basic average number of Class A shares outstanding | 175 | 108 | 58 | 49 | 48 | |
| Diluted average number of Class A shares outstanding | 177 | 110 | 58 | 49 | 48 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2019 2019-12-31 | FY 2019 2019-02-28 | FY 2018 2018-12-31 | FY 2018 2018-05-31 | FY 2017 2017-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 9 | — | 10 | — | 3 | |
| Accounts receivable, net | 324 | — | 236 | — | 120 | |
| Inventories | 49 | — | 34 | — | 22 | |
| Other Assets, Current | 12 | — | 12 | — | — | |
| Total Current Assets | 395 | — | 292 | — | 157 | |
| Property, plant and equipment, net | 2,775 | — | 2,802 | — | 2,394 | |
| Goodwill | 441 | — | 422 | — | 405 | |
| Intangible assets, net | 242 | — | 227 | — | 98 | |
| Unconsolidated investments | 2,006 | — | 1,862 | — | 910 | |
| Deferred tax asset | 318 | 115 | 274 | 15 | 313 | |
| Deferred charges and other assets | 37 | — | 15 | — | 3 | |
| Total Assets | 6,214 | — | 5,894 | — | 4,292 | |
| Accounts payable | 246 | — | 202 | — | 104 | |
| Accrued taxes | 25 | — | 21 | — | 19 | |
| Accrued interest | 39 | — | 39 | — | 25 | |
| Accrued liabilities | 51 | — | 23 | — | 11 | |
| Deferred revenue | 128 | — | 111 | — | 88 | |
| Other current liabilities | 38 | — | 43 | — | 11 | |
| Total Current Liabilities | 527 | — | 439 | — | 259 | |
| Long-term debt, net | 3,441 | — | 3,206 | — | 2,293 | |
| Other long-term liabilities and deferred credits | 53 | — | 32 | — | 19 | |
| Total Long-term Liabilities | 3,494 | — | 3,238 | — | 2,312 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Total Partners' Equity | 1,802 | — | 1,726 | — | 49 | |
| Noncontrolling interests | 391 | — | 492 | — | 1,673 | |
| Total Equity | 2,193 | — | 2,217 | — | 1,721 | |
| Total Liabilities and Equity | 6,214 | — | 5,894 | — | 4,292 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2019 2019-12-31 | FY 2018 2018-12-31 | FY 2017 2017-12-31 | FY 2016 2016-12-31 | FY 2015 2015-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 135 | 117 | 99 | 94 | 89 | |
| Distributions from unconsolidated investments | 326 | 307 | 237 | 54 | 3 | |
| Deferred Income Tax Expense | 70 | 56 | 208 | — | — | |
| Noncash compensation expense | 31 | 11 | 9 | 6 | 5 | |
| Other noncash items, net | 2 | −13 | −9 | 10 | 10 | |
| Accounts receivable and other | −79 | −102 | −58 | 3 | −16 | |
| Accounts payable and accrued liabilities | 88 | 112 | 85 | 11 | 10 | |
| Deferred revenue | 17 | 18 | 27 | 34 | 21 | |
| Other current assets and liabilities | 22 | 3 | 11 | −6 | — | |
| Other Operating Activities, Cash Flow Statement | −14 | 9 | −3 | 95,000 | −2 | |
| Net Cash Provided by Operating Activities | 679 | 673 | 571 | — | — | |
| Capital expenditures | −286 | −369 | −145 | −84 | −121 | |
| Distributions from unconsolidated investments in excess of cumulative earnings | 145 | 80 | 69 | 24 | 2 | |
| Contributions to unconsolidated investments | −116 | −474 | −46 | −50 | −383,000 | |
| Proceeds from Divestiture of Interest in Consolidated Subsidiaries | 60 | — | — | — | — | |
| Proceeds from Divestiture of Businesses | — | 50 | — | — | — | |
| Payments to Acquire Interest in Subsidiaries and Affiliates | — | 0 | 400 | 436 | 172 | |
| Payments to Acquire Assets, Investing Activities | — | −31 | −129 | 0 | 0 | |
| Other investing, net | −5 | −8 | −15 | 48,000 | −5 | |
| Net Cash Provided by (Used in) Investing Activities | −287 | −987 | −899 | — | — | |
| Dividends paid to Class A shareholders | 372 | 206 | 73 | 42 | 99 | |
| Payments of Ordinary Dividends, Noncontrolling Interest | 237 | 328 | 317 | — | −29 | |
| Proceeds from (Repayments of) Debt | 232 | 417 | −356 | — | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | −16 | −30,000 | — | — | — | |
| Proceeds from issuance of long-term debt | 0 | 500 | 1,104 | 400 | 0 | |
| Payments to noncontrolling interests | −8 | −6 | −6 | −249 | −153 | |
| Proceeds from public offering of TEP common units, net of offering costs | 0 | 0 | 112 | 338 | 554 | |
| Payments of Debt Issuance Costs | 0 | 0 | 22 | 10 | 3 | |
| Other financing, net | 1 | −11 | −12 | 7 | 37 | |
| Net Cash (Used in) Provided by Financing Activities | −392 | 322 | 327 | 182 | 601 | |
| Net Change in Cash and Cash Equivalents | −202,000 | 7 | 134,000 | 225,000 | 1 | |
| Cash payments for interest, net | 156 | 114 | 73 | — | — | |
| Capital Expenditures Incurred but Not yet Paid | 8 | 6 | 9 | — | — | |
| Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 11 | — | — | — | — | |
| Issuance of Noncontrolling Interest in Subsidiary in Exchange for Membership Interest | 0 | −32 | — | — | — | |
| Shares Issued | 0 | 645 | 7 | 0 | 0 | |
| Noncash Acquisition, Contribution of membership interest | 0 | −20 | — | — | — |
Filings
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Frequently asked questions
What is Tallgrass Energy, LP's CIK number?
Tallgrass Energy, LP's SEC CIK number is 0001633651 (1633651). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Tallgrass Energy, LP's SEC filings?
All of Tallgrass Energy, LP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.