Tallgrass Energy, LP

Delisted

CIK 0001633651Large AcceleratedNatural Gas TransmissionDelawareFY ends Dec 31

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	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	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	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	—	—	—

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