10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-13-201528 |
| Period End Date | 20130331 |
| Filing Date | 20130506 |
| Fiscal Year | 2013 |
| Fiscal Period | Q1 |
| XBRL Instance | wgp-20130331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
71 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
218.90M | shares | Point-in-time |
| Common units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
218.90M | shares | Point-in-time |
| Units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
218.90M | shares | Point-in-time |
| Units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
218.90M | shares | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$28.49M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$48.55M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$9.09M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$7.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$91.46M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$39.62M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$422.56M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$226.56M | USD | Point-in-time |
| Accounts and natural gas imbalance payables |
AccountsPayableTradeCurrent
|
$37.30M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$28.49M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$48.55M | USD | Point-in-time |
| Accounts and natural gas imbalance payables |
AccountsPayableTradeCurrent
|
$25.15M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$9.09M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$148.60M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$7.00M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$147.64M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$478.10M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$129.04M | USD | Point-in-time |
| Note receivable - Anadarko |
NotesReceivableRelatedPartiesNoncurrent
|
$260.00M | USD | Point-in-time |
| Note receivable - Anadarko |
NotesReceivableRelatedPartiesNoncurrent
|
$260.00M | USD | Point-in-time |
| Cost |
PropertyPlantAndEquipmentGross
|
$3.43B | USD | Point-in-time |
| Cost |
PropertyPlantAndEquipmentGross
|
$3.73B | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$745.48M | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$714.44M | USD | Point-in-time |
| Net property, plant and equipment |
PropertyPlantAndEquipmentNet
|
$2.99B | USD | Point-in-time |
| Net property, plant and equipment |
PropertyPlantAndEquipmentNet
|
$2.72B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$105.34M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$105.34M | USD | Point-in-time |
| Other intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$55.49M | USD | Point-in-time |
| Other intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$55.16M | USD | Point-in-time |
| Equity investments |
EquityMethodInvestments
|
$109.94M | USD | Point-in-time |
| Equity investments |
EquityMethodInvestments
|
$106.13M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$27.80M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$27.25M | USD | Point-in-time |
| Total assets |
Assets
|
$3.75B | USD | Point-in-time |
| Total assets |
Assets
|
$3.67B | USD | Point-in-time |
| Accounts and natural gas imbalance payables |
AccountsPayableTradeCurrent
|
$37.30M | USD | Point-in-time |
| Accounts and natural gas imbalance payables |
AccountsPayableTradeCurrent
|
$25.15M | USD | Point-in-time |
| Accrued ad valorem taxes |
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
$11.95M | USD | Point-in-time |
| Accrued ad valorem taxes |
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
$17.73M | USD | Point-in-time |
| Income taxes payable |
TaxesPayableCurrent
|
$630.00K | USD | Point-in-time |
| Income taxes payable |
TaxesPayableCurrent
|
$552.00K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$148.60M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$147.64M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$186.25M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$203.29M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.17B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.55B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$-47.15M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$-1.75M | USD | Point-in-time |
| Asset retirement obligations and other |
AssetRetirementObligationsNoncurrent
|
$68.75M | USD | Point-in-time |
| Asset retirement obligations and other |
AssetRetirementObligationsNoncurrent
|
$71.10M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$1.63B | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$1.28B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.83B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.47B | USD | Point-in-time |
| Common units (218,895,515 units issued and outstanding at March 31, 2013 and December 31, 2012, respectively) |
LimitedPartnersCapitalAccount
|
$912.38M | USD | Point-in-time |
| Common units (218,895,515 units issued and outstanding at March 31, 2013 and December 31, 2012, respectively) |
LimitedPartnersCapitalAccount
|
$682.75M | USD | Point-in-time |
| Net investment by Anadarko |
OtherPartnersCapital
|
$199.96M | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$1.11B | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$682.75M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$1.17B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$1.16B | USD | Point-in-time |
| Total equity and partners' capital |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$1.85B | USD | Point-in-time |
| Total equity and partners' capital |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$2.28B | USD | Point-in-time |
| Total liabilities, equity and partners' capital |
LiabilitiesAndStockholdersEquity
|
$3.67B | USD | Point-in-time |
| Total liabilities, equity and partners' capital |
LiabilitiesAndStockholdersEquity
|
$3.75B | USD | Point-in-time |
Income Statement
41 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cost of product |
NaturalGasMidstreamCosts
|
$83.16M | USD | 1 Quarter |
| Cost of product |
NaturalGasMidstreamCosts
|
$83.08M | USD | 1 Quarter |
| Operation and maintenance |
OperatingCostsAndExpenses
|
$36.74M | USD | 1 Quarter |
| Operation and maintenance |
OperatingCostsAndExpenses
|
$32.12M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$8.93M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$10.27M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$11.81M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$9.58M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$224.68M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$229.75M | USD | 1 Quarter |
| Cost of product |
NaturalGasMidstreamCosts
|
$83.16M | USD | 1 Quarter |
| Cost of product |
NaturalGasMidstreamCosts
|
$83.08M | USD | 1 Quarter |
| Operation and maintenance |
OperatingCostsAndExpenses
|
$36.74M | USD | 1 Quarter |
| Operation and maintenance |
OperatingCostsAndExpenses
|
$32.12M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$8.93M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$10.27M | USD | 1 Quarter |
| Property and other taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$4.84M | USD | 1 Quarter |
| Property and other taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$5.79M | USD | 1 Quarter |
| Depreciation, amortization and impairments |
DepreciationAndAmortization
|
$27.07M | USD | 1 Quarter |
| Depreciation, amortization and impairments |
DepreciationAndAmortization
|
$32.44M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$166.98M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$157.46M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$67.22M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$62.77M | USD | 1 Quarter |
| Interest income, net - affiliates |
InterestIncomeAffiliates
|
$4.22M | USD | 1 Quarter |
| Interest income, net - affiliates |
InterestIncomeAffiliates
|
$4.22M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$11.81M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$9.58M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$727.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$458.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$55.91M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$62.32M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$16.70M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$4.24M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$45.63M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$51.68M | USD | 1 Quarter |
| Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$28.57M | USD | 1 Quarter |
| Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$19.36M | USD | 1 Quarter |
| Net income attributable to Western Gas Equity Partners, LP |
NetIncomeLoss
|
$17.05M | USD | 1 Quarter |
| Net income attributable to Western Gas Equity Partners, LP |
NetIncomeLoss
|
$32.31M | USD | 1 Quarter |
| Pre-acquisition net (income) loss allocated to Anadarko |
PreacquisitionNetIncomeAllocated
|
$4.57M | USD | 1 Quarter |
Cash Flow Statement
49 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$45.63M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$51.68M | USD | 1 Quarter |
| Depreciation, amortization and impairments |
DepreciationDepletionAndAmortization
|
$32.44M | USD | 1 Quarter |
| Depreciation, amortization and impairments |
DepreciationDepletionAndAmortization
|
$27.07M | USD | 1 Quarter |
| Non-cash equity-based compensation expense |
ShareBasedCompensation
|
$858.00K | USD | 1 Quarter |
| Non-cash equity-based compensation expense |
ShareBasedCompensation
|
$914.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$1.12M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$291.00K | USD | 1 Quarter |
| Debt-related amortization and other items, net |
OtherOperatingActivitiesCashFlowStatement
|
$511.00K | USD | 1 Quarter |
| Debt-related amortization and other items, net |
OtherOperatingActivitiesCashFlowStatement
|
$560.00K | USD | 1 Quarter |
| (Increase) decrease in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-21.44M | USD | 1 Quarter |
| (Increase) decrease in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-32.70M | USD | 1 Quarter |
| Increase (decrease) in accounts and natural gas imbalance payables and accrued liabilities, net |
IncreaseDecreaseInAccruedLiabilities
|
$-13.66M | USD | 1 Quarter |
| Increase (decrease) in accounts and natural gas imbalance payables and accrued liabilities, net |
IncreaseDecreaseInAccruedLiabilities
|
$22.47M | USD | 1 Quarter |
| Change in other items, net |
IncreaseDecreaseInOtherOperatingLiabilities
|
$1.08M | USD | 1 Quarter |
| Change in other items, net |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-1.41M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$129.16M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$94.53M | USD | 1 Quarter |
| Capital expenditures |
PaymentsForCapitalImprovements
|
$75.84M | USD | 1 Quarter |
| Capital expenditures |
PaymentsForCapitalImprovements
|
$166.46M | USD | 1 Quarter |
| Investments in equity affiliates |
PaymentsToAcquireBusinessesAndInterestInAffiliates
|
$4.83M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-771.89M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-539.07M | USD | 1 Quarter |
| Borrowings, net of debt issuance costs |
ProceedsFromIssuanceOfLongTermDebt
|
$319.00M | USD | 1 Quarter |
| Borrowings, net of debt issuance costs |
ProceedsFromIssuanceOfLongTermDebt
|
$384.95M | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfLongTermDebt
|
$40.00M | USD | 1 Quarter |
| Increase (decrease) in outstanding checks |
IncreaseDecreaseInOutstandingChecksFinancingActivities
|
$4.92M | USD | 1 Quarter |
| Increase (decrease) in outstanding checks |
IncreaseDecreaseInOutstandingChecksFinancingActivities
|
$-2.81M | USD | 1 Quarter |
| Offering expenses from the issuance of WGP common units |
PaymentOfFinancingAndStockIssuanceCosts
|
$2.37M | USD | 1 Quarter |
| Distributions to unitholders |
PaymentsOfDividends
|
$7.85M | USD | 1 Quarter |
| Net distributions to Anadarko |
PaymentsOfDistributionsToAffiliates
|
$8.87M | USD | 1 Quarter |
| Net distributions to Anadarko |
PaymentsOfDistributionsToAffiliates
|
$29.94M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$311.63M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$257.60M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-186.94M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-331.09M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$91.46M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$39.62M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$422.56M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$226.56M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$91.46M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$39.62M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$422.56M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$226.56M | USD | Point-in-time |
| Net contributions from Anadarko of other assets |
TransferOfOtherRealEstate
|
$6.00K | USD | 1 Quarter |
| Net distributions to Anadarko of other assets |
PartnersCapitalAccountReturnOfCapital
|
$3.00M | USD | 1 Quarter |
| Interest paid, net of capitalized interest |
InterestPaidNet
|
$1.99M | USD | 1 Quarter |
| Interest paid, net of capitalized interest |
InterestPaidNet
|
$11.24M | USD | 1 Quarter |
| Taxes paid |
IncomeTaxesPaid
|
$72.00K | USD | 1 Quarter |
Stockholders Equity
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$1.85B | USD | Point-in-time |
| Balance |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$2.28B | USD | Point-in-time |
| Net income |
ProfitLoss
|
$45.63M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$51.68M | USD | 1 Quarter |
| Offering expenses from the issuance of WGP common units |
PartnersCapitalAccountSaleOfUnits
|
$-250.00K | USD | 1 Quarter |
| Contributions received from Chipeta noncontrolling interest owners |
MinorityInterestIncreaseFromStockIssuance
|
$1.10M | USD | 1 Quarter |
| Distributions to unitholders |
PartnersCapitalAccountDistributions
|
$7.85M | USD | 1 Quarter |
| Acquisition from affiliates |
PartnersCapitalAccountAcquisitions
|
$-465.50M | USD | 1 Quarter |
| Contributions of equity-based compensation from Anadarko |
ContributionsOfEquityBasedCompensationFromParent
|
$674.00K | USD | 1 Quarter |
| Net pre-acquisition contributions from (distributions to) Anadarko |
PartnersCapitalAccountDistributionsPriorToAcquisition
|
$29.96M | USD | 1 Quarter |
| Elimination of net deferred tax liabilities |
DeferredOtherTaxExpenseBenefit
|
$-46.53M | USD | 1 Quarter |
| Other |
PartnersCapitalOther
|
$123.00K | USD | 1 Quarter |
| Balance |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$1.85B | USD | Point-in-time |
| Balance |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$2.28B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.