← Targa Resources Corp.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($187.3m) |
$54.0m
+128.83%
|
$1.6m
-97.04%
|
($209.2m)
-13175.00%
|
($1.6b)
-642.78%
|
$71.2m
+104.58%
|
$1.2b
+1579.07%
|
$1.3b
+12.58%
|
$1.3b
-2.52%
|
$1.9b
+46.57%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($278.1m) |
($63.4m)
+77.20%
|
($119.3m)
-88.17%
|
($334.0m)
-179.97%
|
($1.7b)
-404.43%
|
($16.1m)
+99.04%
|
$896.8m
+5670.19%
|
$835.8m
-6.80%
|
$1.3b
+53.04%
|
$1.9b
+44.83%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($159.1m) | $104.2m | $60.4m | $41.2m | ($1.3b) | $422.1m | $1.5b | $1.6b | $1.6b | $2.0b | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $28.2m | $50.2m | $58.8m | $250.4m | $228.9m | $350.9m | $335.9m | $233.4m | $241.5m | $33.7m | — | |
| Depreciation, Depletion and Amortization | $757.7m | $809.5m | $815.9m | $971.6m | $865.1m | $870.6m | $1.1b | $1.3b | $1.4b | $1.5b | $1.7b | |
| Amortization of Debt Issuance Costs and Discounts | $14.9m | $11.5m | $10.8m | $10.3m | $11.1m | $10.3m | $10.5m | $13.2m | $14.8m | $17.3m | — | |
| Amortization of Intangible Assets | $156.1m | $188.2m | $182.6m | $171.6m | $144.0m | $131.0m | $242.2m | $384.0m | $373.2m | $326.0m | — | |
| Depreciation | $601.5m | $621.3m | $633.3m | $800.0m | $721.1m | $739.6m | $853.8m | $945.6m | $1.0b | $1.2b | $1.3b | |
| Amortization Cash Flow | — | — | — | — | — | — | $242.2m | $384.0m | $373.2m | $326.0m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $242.2m | $384.0m | $373.2m | $326.0m | $368.2m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $1.1b | $1.3b | $1.4b | $1.5b | $1.7b | |
| Deferred Income Tax Expense (Benefit) | ($37.8m) | ($392.7m) | $5.5m | ($87.9m) | ($232.7m) | $12.1m | $125.1m | $349.6m | $367.0m | $516.6m | $640.2m | |
| Deferred Tax | — | — | — | — | — | — | $125.1m | $349.6m | $367.0m | $516.6m | $640.2m | |
| Share-based Payment Arrangement, Noncash Expense | $29.7m | $42.3m | $56.3m | $60.3m | $66.2m | $59.2m | $57.5m | $62.4m | $63.2m | $69.5m | $76.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $3.4m | $4.0m | $13.9m | — | — | — | — | $56.4m | $67.3m | — | |
| Share-based Payment Arrangement, Expense | $41.2m | $44.2m | $59.0m | $61.8m | $66.3m | $59.2m | $57.5m | $62.4m | $63.2m | $69.5m | $76.0m | |
| Goodwill, Impairment Loss | $207.0m | $0 | $210.0m | $0 | — | — | — | — | — | — | $6.2m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | $208.6m | $156.6m | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $462.6m | $9.8m | $6.9m | $6.2m | — | $6.2m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | $69.3m | — | — | $435.9m | — | — | — | — | |
| Income (Loss) from Equity Method Investments | ($14.3m) | ($17.0m) | $7.3m | $39.0m | $72.6m | ($23.9m) | $9.1m | $9.0m | $9.4m | $11.8m | — | |
| Other Nonoperating Income (Expense) | $1.2m | ($2.6m) | $100k | — | $3.4m | $500k | ($15.1m) | ($2.8m) | $1.2m | ($3.8m) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($445.0m) | ($9.0m) | ($9.4m) | ($11.8m) | ($17.6m) | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ($4.1m) | ($12.5m) | — | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($364.0m) | $139.2m | $38.7m | ($193.6m) | ($485.2m) | |
| Change In Receivables | — | — | — | — | — | — | $219.7m | ($20.6m) | ($75.0m) | $110.8m | ($601.5m) | |
| Increase (Decrease) in Inventories | $15.9m | $73.2m | $13.9m | $45.0m | $27.7m | ($40.6m) | $236.2m | ($36.0m) | ($33.5m) | $89.5m | $122.3m | |
| Change In Inventory | — | — | — | — | — | — | ($236.2m) | $36.0m | $33.5m | ($89.5m) | $122.3m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($347.5m) | $123.8m | $80.2m | ($214.9m) | ($36.2m) | |
| Change In Accrued Expense | — | — | — | — | — | — | $35.5m | $55.6m | $39.5m | $41.9m | $30.2m | |
| Other Operating Income (Expense), Net | ($6.6m) | ($17.4m) | ($3.5m) | ($71.3m) | ($116.6m) | ($12.4m) | ($200k) | ($1.5m) | $400k | $30.3m | — | |
| Net Cash Provided by (Used in) Operating Activities | $837.4m |
$939.5m
+12.19%
|
$1.1b
+21.77%
|
$1.4b
+21.49%
|
$1.7b
+25.52%
|
$2.3b
+32.01%
|
$2.4b
+3.38%
|
$3.2b
+34.90%
|
$3.6b
+13.64%
|
$3.9b
+7.33%
|
$4.3b
+9.40%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $562.1m | $1.3b | $3.1b | $2.9b | $951.6m | $505.1m | $1.3b | $2.4b | $3.0b | $3.3b | ($3.5b) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $570.8m | — | — | — | — | $3.5b | — | — | $122.8m | ($1.5b) | |
| Payments for (Proceeds from) Other Investing Activities | ($3.8m) | $15.1m | $12.5m | $15.9m | ($4.3m) | ($100k) | $1.6m | $1.0m | $1.4m | ($27.1m) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $21.4m | $3.7m | $1.9m | $27.1m | $33.3m | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($3.1b) | ($3.1b) | ($738.1m) | ($473.2m) | ($4.1b) | ($2.4b) | ($3.0b) | ($3.6b) | ($5.0b) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | $0 | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $41.8b | $62.9b | $87.2b | $116.3b | $4.7b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $5.5b | $3.9b | $1.8b | $6.7b | $4.7b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($2.1b) | ($1.4b) | ($1.6b) | ($2.6b) | ($3.3b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $4.7b | $1.3b | $1.2b | $3.2b | $2.1b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $3.4b | $2.5b | $204.3m | $4.1b | $1.4b | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $1.3b | ($1.1b) | $955.5m | ($969.5m) | $714.3m | |
| Repayment Of Debt | — | — | — | — | — | — | ($37.1b) | ($61.5b) | ($86.0b) | ($113.1b) | ($3.3b) | |
| Short Term Debt Issuance | — | — | — | — | — | — | $36.3b | $59.0b | $85.4b | $109.6b | $117.0b | |
| Short Term Debt Payments | — | — | — | — | — | — | ($35.1b) | ($60.1b) | ($84.5b) | ($110.5b) | ($116.3b) | |
| Proceeds from Issuance of Common Stock | $577.3m | $1.7b | $689.0m | — | — | — | — | — | — | — | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($379.7m) | ($427.3m) | ($615.5m) | ($818.3m) | ($921.3m) | |
| Common Stock Payments | — | — | — | — | — | — | ($224.8m) | ($373.7m) | ($754.7m) | ($641.8m) | ($327.7m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($224.8m) | ($373.7m) | ($754.7m) | ($641.8m) | ($327.7m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($1.2b) | ($373.7m) | ($754.7m) | ($641.8m) | ($327.7m) | |
| Dividends Payable | $8.7m | $9.7m | $13.7m | $14.2m | $5.4m | $3.1m | — | — | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($379.7m) | ($427.3m) | ($615.5m) | ($818.3m) | ($921.3m) | |
| Dividend Received CFO | — | — | — | — | — | — | $12.2m | $13.1m | $19.8m | $20.7m | $24.3m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | ($2.6m) | ($6.4m) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($1.3b) | ($1.4b) | ($402.4m) | ($2.0b) | ($111.7m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | $2.1b |
$1.8b
-15.10%
|
($1.1b)
-161.46%
|
($1.9b)
-74.84%
|
$1.8b
+195.58%
|
($888.1m)
-148.55%
|
($612.8m)
+31.00%
|
($266.6m)
+56.49%
|
$780.0m
+392.57%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $99.0m | ($88.3m) | ($84.3m) | $60.5m | ($77.3m) | $15.6m | $8.8m | $132.3m | |
| Beginning Cash Position | — | — | — | — | — | — | $158.5m | $219.0m | $141.7m | $157.3m | $113.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $158.5m | $219.0m | $141.7m | $157.3m | $166.1m | $132.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $282.0m | $212.2m | $217.2m | $287.7m | $374.1m | $356.0m | $401.3m | $618.6m | $712.7m | $793.3m | — | |
| Income Taxes Paid, Net | ($10.6m) | ($67.5m) | ($500k) | ($1.9m) | $43.7m | $1.3m | $1.6m | $8.5m | $16.7m | $24.3m | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | $4.6m | $3.9m | $3.7m | $4.7m | $3.6m | $4.0m | $4.8m | $5.9m | $10.6m | $6.2m | — | |
| Gain (Loss) on Disposition of Assets | — | — | $100k | ($71.1m) | ($58.4m) | ($2.0m) | $9.6m | $5.3m | $3.1m | — | — | |
| Gain (Loss) on Disposition of Business | — | — | $48.1m | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | $187.2m | $203.4m | $256.9m | $280.7m | $254.6m | $273.2m | $309.7m | $348.7m | $384.9m | $406.0m | — | |
| Goodwill | $210.0m | $256.6m | $46.6m | $45.2m | $45.2m | $45.2m | $45.2m | $45.2m | $45.2m | $112.3m | $6.2m | |
| Income Tax Expense (Benefit) | ($100.6m) | ($397.1m) | $5.5m | ($87.9m) | ($248.1m) | $14.8m | $131.8m | $363.2m | $384.5m | $529.7m | — | |
| Operating Costs and Expenses | $553.7m | $622.9m | $722.0m | $792.9m | $779.8m | $747.0m | $912.8m | $1.1b | $1.2b | $1.3b | — | |
| Proceeds from Noncontrolling Interests | $43.3m | $141.6m | $817.9m | $555.3m | $41.5m | $15.8m | $26.1m | $9.7m | $12.0m | — | — | |
| Unrealized Gain (Loss) on Derivatives | ($38.8m) | ($47.0m) | ($9.8m) | ($112.8m) | $228.2m | ($116.0m) | ($302.5m) | $275.4m | ($164.6m) | ($5.3m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $1.8b | ($888.1m) | ($612.8m) | ($266.6m) | $780.0m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($4.1b) | ($2.4b) | ($3.0b) | ($3.6b) | ($5.0b) | |
| Change In Account Payable | — | — | — | — | — | — | ($383.0m) | $68.2m | $40.7m | ($256.8m) | ($36.2m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $60.5m | ($77.3m) | $15.6m | $8.8m | — | |
| Change In Interest Payable | — | — | — | — | — | — | $35.5m | $55.6m | $39.5m | $41.9m | $30.2m | |
| Change In Payable | — | — | — | — | — | — | ($383.0m) | $68.2m | $40.7m | ($256.8m) | ($36.2m) | |
| Changes In Cash | — | — | — | — | — | — | $60.5m | ($77.3m) | $15.6m | $8.8m | $19.2m | |
| End Cash Position | — | — | — | — | — | — | $219.0m | $141.7m | $157.3m | $166.1m | $132.3m | |
| Financing Cash Flow | — | — | — | — | — | — | $1.8b |
($888.1m)
-148.55%
|
($612.8m)
+31.00%
|
($266.6m)
+56.49%
|
$780.0m
+392.57%
|
|
| Free Cash Flow | — | — | — | — | — | — | $1.0b | $826.2m | $683.9m | $584.1m | $740.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $302.5m | ($275.4m) | $164.6m | $5.3m | $44.2m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | ($435.9m) | — | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($4.1b) | ($2.4b) | ($3.0b) | ($3.6b) | ($5.0b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($2.8b) | ($19.1m) | ($57.4m) | ($335.8m) | ($1.5b) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($1.3b) | ($2.4b) | ($3.0b) | ($3.3b) | ($3.5b) | |
| Net Preferred Stock Issuance | — | — | — | — | — | $0 | ($965.2m) | $0 | $0 | — | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | ($152.1m) | ($284.4m) | $155.2m | ($6.5m) | $26.6m | |
| Other Non Cash Items | — | — | — | — | — | — | $64.9m | $22.8m | $29.3m | $38.7m | — | |
| Preferred Stock Payments | — | — | — | — | — | $0 | ($965.2m) | $0 | $0 | — | $0 | |
| Purchase Of Business | — | — | — | — | — | — | ($3.7b) | ($24.6m) | ($62.9m) | ($343.6m) | ($1.5b) | |
| Purchase Of PPE | $562.1m | $1.3b | $3.1b | $2.9b | $951.6m | $1.3b | ($1.3b) | ($2.4b) | ($3.0b) | ($3.3b) | ($3.5b) | |
| Sale Of Business | — | — | — | — | — | — | $873.8m | $5.5m | $5.5m | $7.8m | $5.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $57.5m | $62.4m | $63.2m | $69.5m | $76.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.