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10-Q Filing

KINDER MORGAN MANAGEMENT LLC CIK: 1135017 Q3 2013
Filing Information
Form Type 10-Q
Accession Number 0001135017-13-000048
Period End Date 20130930
Filing Date 20131029
Fiscal Year 2013
Fiscal Period Q3
XBRL Instance kmr-20130930.xml
Balance Sheet 28 line items
Line Item Tag Value Unit Period
Accounts receivable, related party DueFromRelatedPartiesCurrent $12.00M USD Point-in-time
Accounts receivable, related party DueFromRelatedPartiesCurrent $15.00M USD Point-in-time
Other current assets OtherAssetsCurrent $1.00M USD Point-in-time
Other current assets OtherAssetsCurrent - USD Point-in-time
Total current assets AssetsCurrent $16.00M USD Point-in-time
Total current assets AssetsCurrent $12.00M USD Point-in-time
Investment in Kinder Morgan Energy Partners, L.P. EquityMethodInvestments $3.92B USD Point-in-time
Investment in Kinder Morgan Energy Partners, L.P. EquityMethodInvestments $3.45B USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $10.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent - USD Point-in-time
Total Assets Assets $3.48B USD Point-in-time
Total Assets Assets $3.94B USD Point-in-time
Accounts payable AccountsPayableCurrent $4.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $4.00M USD Point-in-time
Accrued other current liabilities OtherLiabilitiesCurrent $12.00M USD Point-in-time
Accrued other current liabilities OtherLiabilitiesCurrent $8.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $12.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $16.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent - USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $44.00M USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-2.01B USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-1.75B USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $7.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $18.00M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $3.88B USD Point-in-time
Total Shareholders' Equity StockholdersEquity $3.46B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $3.94B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $3.48B USD Point-in-time
Income Statement 20 line items
Line Item Tag Value Unit Period
Equity in earnings (loss) of Kinder Morgan Energy Partners, L.P. IncomeLossFromEquityMethodInvestments $-9.00M USD 1 Quarter
Equity in earnings (loss) of Kinder Morgan Energy Partners, L.P. IncomeLossFromEquityMethodInvestments $69.00M USD 1 Quarter
Equity in earnings (loss) of Kinder Morgan Energy Partners, L.P. IncomeLossFromEquityMethodInvestments $340.00M USD 3 Qtrs
Equity in earnings (loss) of Kinder Morgan Energy Partners, L.P. IncomeLossFromEquityMethodInvestments $-94.00M USD 3 Qtrs
Income tax expense (benefit) IncomeTaxExpenseBenefit $-6.00M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $22.00M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $149.00M USD 3 Qtrs
Income tax expense (benefit) IncomeTaxExpenseBenefit $-31.00M USD 3 Qtrs
Net income (loss) NetIncomeLoss $-3.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $47.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $191.00M USD 3 Qtrs
Net income (loss) NetIncomeLoss $-63.00M USD 3 Qtrs
Loss per share Basic and Diluted (in dollars per share) EarningsPerShareBasicAndDiluted $1.61 USD 3 Qtrs
Loss per share Basic and Diluted (in dollars per share) EarningsPerShareBasicAndDiluted $0.39 USD 1 Quarter
Loss per share Basic and Diluted (in dollars per share) EarningsPerShareBasicAndDiluted $-0.03 USD 1 Quarter
Loss per share Basic and Diluted (in dollars per share) EarningsPerShareBasicAndDiluted $-0.61 USD 3 Qtrs
Number of shares used in computing loss per share, Basic and diluted (in shares) WeightedAverageSharesOutstandingBasicAndDiluted 103.00M shares 3 Qtrs
Number of shares used in computing loss per share, Basic and diluted (in shares) WeightedAverageSharesOutstandingBasicAndDiluted 118.00M shares 3 Qtrs
Number of shares used in computing loss per share, Basic and diluted (in shares) WeightedAverageSharesOutstandingBasicAndDiluted 121.00M shares 1 Quarter
Number of shares used in computing loss per share, Basic and diluted (in shares) WeightedAverageSharesOutstandingBasicAndDiluted 107.00M shares 1 Quarter
Cash Flow Statement 39 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $-3.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $47.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $191.00M USD 3 Qtrs
Net income (loss) NetIncomeLoss $-63.00M USD 3 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $149.00M USD 3 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-31.00M USD 3 Qtrs
Equity in (earnings) loss of Kinder Morgan Energy Partners, L.P. IncomeLossFromEquityMethodInvestments $-9.00M USD 1 Quarter
Equity in (earnings) loss of Kinder Morgan Energy Partners, L.P. IncomeLossFromEquityMethodInvestments $69.00M USD 1 Quarter
Equity in (earnings) loss of Kinder Morgan Energy Partners, L.P. IncomeLossFromEquityMethodInvestments $340.00M USD 3 Qtrs
Equity in (earnings) loss of Kinder Morgan Energy Partners, L.P. IncomeLossFromEquityMethodInvestments $-94.00M USD 3 Qtrs
Accounts receivable, related party IncreaseDecreaseInAccountsReceivableRelatedParties $3.00M USD 3 Qtrs
Accounts receivable, related party IncreaseDecreaseInAccountsReceivableRelatedParties $3.00M USD 3 Qtrs
Other current assets IncreaseDecreaseInOtherCurrentAssets $1.00M USD 3 Qtrs
Other current assets IncreaseDecreaseInOtherCurrentAssets - USD 3 Qtrs
Increase (Decrease) in Accounts Payable IncreaseDecreaseInAccountsPayable - USD 3 Qtrs
Increase (Decrease) in Accounts Payable IncreaseDecreaseInAccountsPayable $2.00M USD 3 Qtrs
Accrued other current liabilities IncreaseDecreaseInOtherOperatingLiabilities $1.00M USD 3 Qtrs
Accrued other current liabilities IncreaseDecreaseInOtherOperatingLiabilities $4.00M USD 3 Qtrs
Net Cash Provided by Operating Activities NetCashProvidedByUsedInOperatingActivities - USD 3 Qtrs
Net Cash Provided by Operating Activities NetCashProvidedByUsedInOperatingActivities - USD 3 Qtrs
Payments to Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments $145.00M USD 3 Qtrs
Payments to Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments $727.00M USD 3 Qtrs
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-145.00M USD 3 Qtrs
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-727.00M USD 3 Qtrs
Proceeds from Issuance of Common Stock ProceedsFromIssuanceOfCommonStock $727.00M USD 3 Qtrs
Proceeds from Issuance of Common Stock ProceedsFromIssuanceOfCommonStock $145.00M USD 1 Quarter
Proceeds from Issuance of Common Stock ProceedsFromIssuanceOfCommonStock $145.00M USD 3 Qtrs
Net Cash Provided by Financing Activities NetCashProvidedByUsedInFinancingActivities $727.00M USD 3 Qtrs
Net Cash Provided by Financing Activities NetCashProvidedByUsedInFinancingActivities $145.00M USD 3 Qtrs
Net increase in Cash and Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease - USD 3 Qtrs
Net increase in Cash and Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease - USD 3 Qtrs
Cash and Cash Equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and Cash Equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and Cash Equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and Cash Equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and Cash Equivalents, end of period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and Cash Equivalents, end of period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and Cash Equivalents, end of period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and Cash Equivalents, end of period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Total Shareholders' Equity StockholdersEquity $3.88B USD Point-in-time
Total Shareholders' Equity StockholdersEquity $3.46B USD Point-in-time
Stock Issued During Period, Shares, New Issues StockIssuedDuringPeriodSharesNewIssues 1.76M shares 3 Qtrs
Tax impact of KMI drop-down to KMP Adjustmenttoaddidionalpaidincapitalimpactfromincometax $89.00M USD 3 Qtrs
Tax impact of KMI drop-down to KMP Adjustmenttoaddidionalpaidincapitalimpactfromincometax - USD 1 Quarter
Net income (loss) NetIncomeLoss $-3.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $47.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $191.00M USD 3 Qtrs
Net income (loss) NetIncomeLoss $-63.00M USD 3 Qtrs
Change in fair value of derivatives utilized for hedging purposes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-9.00M USD 1 Quarter
Change in fair value of derivatives utilized for hedging purposes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $11.00M USD 3 Qtrs
Change in fair value of derivatives utilized for hedging purposes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-11.00M USD 1 Quarter
Change in fair value of derivatives utilized for hedging purposes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-8.00M USD 3 Qtrs
Reclassification of change in fair value of derivatives to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-2.00M USD 3 Qtrs
Reclassification of change in fair value of derivatives to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-3.00M USD 1 Quarter
Reclassification of change in fair value of derivatives to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $1.00M USD 1 Quarter
Reclassification of change in fair value of derivatives to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-1.00M USD 3 Qtrs
Total Shareholders' Equity StockholdersEquity $3.88B USD Point-in-time
Total Shareholders' Equity StockholdersEquity $3.46B USD Point-in-time
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-3.00M USD 1 Quarter
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax - USD 1 Quarter
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-3.00M USD 3 Qtrs
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax - USD 3 Qtrs
Comprehensive Income 44 line items
Line Item Tag Value Unit Period
Change in fair value of derivatives utilized for hedging purposes, tax benefit (expense) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $-7.00M USD 1 Quarter
Change in fair value of derivatives utilized for hedging purposes, tax benefit (expense) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $-5.00M USD 1 Quarter
Change in fair value of derivatives utilized for hedging purposes, tax benefit (expense) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $-5.00M USD 3 Qtrs
Change in fair value of derivatives utilized for hedging purposes, tax benefit (expense) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $6.00M USD 3 Qtrs
Reclassification of change in fair value of derivatives to net income, tax benefit (expense) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax $-1.00M USD 3 Qtrs
Reclassification of change in fair value of derivatives to net income, tax benefit (expense) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax - USD 1 Quarter
Net income (loss) NetIncomeLoss $-3.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $47.00M USD 1 Quarter
Net income (loss) NetIncomeLoss $191.00M USD 3 Qtrs
Reclassification of change in fair value of derivatives to net income, tax benefit (expense) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax $-1.00M USD 3 Qtrs
Net income (loss) NetIncomeLoss $-63.00M USD 3 Qtrs
Reclassification of change in fair value of derivatives to net income, tax benefit (expense) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax $-2.00M USD 1 Quarter
Change in foreign currency translation adjustments, tax benefit (expense) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-4.00M USD 3 Qtrs
Change in foreign currency translation adjustments, tax benefit (expense) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $3.00M USD 1 Quarter
Change in foreign currency translation adjustments, tax benefit (expense) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $4.00M USD 1 Quarter
Change in foreign currency translation adjustments, tax benefit (expense) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $4.00M USD 3 Qtrs
Change in fair value of derivatives utilized for hedging purposes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-9.00M USD 1 Quarter
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax - USD 1 Quarter
Change in fair value of derivatives utilized for hedging purposes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $11.00M USD 3 Qtrs
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-2.00M USD 1 Quarter
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-2.00M USD 3 Qtrs
Change in fair value of derivatives utilized for hedging purposes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-11.00M USD 1 Quarter
Change in fair value of derivatives utilized for hedging purposes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-8.00M USD 3 Qtrs
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax - USD 3 Qtrs
Reclassification of change in fair value of derivatives to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-2.00M USD 3 Qtrs
Reclassification of change in fair value of derivatives to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-3.00M USD 1 Quarter
Reclassification of change in fair value of derivatives to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $1.00M USD 1 Quarter
Reclassification of change in fair value of derivatives to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-1.00M USD 3 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-8.00M USD 3 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $7.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $7.00M USD 3 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $5.00M USD 1 Quarter
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-3.00M USD 1 Quarter
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax - USD 1 Quarter
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-3.00M USD 3 Qtrs
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax - USD 3 Qtrs
Total other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTax $-3.00M USD 1 Quarter
Total other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTax $-11.00M USD 3 Qtrs
Total other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTax $19.00M USD 3 Qtrs
Total other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTax - USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-6.00M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-44.00M USD 3 Qtrs
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $180.00M USD 3 Qtrs
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $47.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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