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10-Q Filing

WESTERN MIDSTREAM PARTNERS, LP CIK: 1423902 Q2 2013
Filing Information
Form Type 10-Q
Accession Number 0001193125-13-314557
Period End Date 20130630
Filing Date 20130801
Fiscal Year 2013
Fiscal Period Q2
XBRL Instance wgp-20130630.xml
Filing Contents
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 $76.85M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $48.55M USD Point-in-time
Other current assets OtherAssetsCurrent $7.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $422.56M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $92.41M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $226.56M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $258.05M USD Point-in-time
Other current assets OtherAssetsCurrent $6.53M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $76.85M 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
Accounts and natural gas imbalance payables AccountsPayableTradeCurrent $23.42M USD Point-in-time
Other current assets OtherAssetsCurrent $7.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $110.61M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $148.60M USD Point-in-time
Other current assets OtherAssetsCurrent $6.53M USD Point-in-time
Total current assets AssetsCurrent $175.79M USD Point-in-time
Total current assets AssetsCurrent $478.10M 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 $3.87B USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $714.44M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $779.51M USD Point-in-time
Net property, plant and equipment PropertyPlantAndEquipmentNet $3.09B 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 $54.80M USD Point-in-time
Equity investments EquityMethodInvestments $106.13M USD Point-in-time
Equity investments EquityMethodInvestments $211.15M USD Point-in-time
Other assets OtherAssetsNoncurrent $27.80M USD Point-in-time
Other assets OtherAssetsNoncurrent $26.68M USD Point-in-time
Total assets Assets $3.75B USD Point-in-time
Total assets Assets $3.93B USD Point-in-time
Accounts and natural gas imbalance payables AccountsPayableTradeCurrent $25.15M USD Point-in-time
Accounts and natural gas imbalance payables AccountsPayableTradeCurrent $23.42M USD Point-in-time
Accrued ad valorem taxes AccrualForTaxesOtherThanIncomeTaxesCurrent $11.80M USD Point-in-time
Accrued ad valorem taxes AccrualForTaxesOtherThanIncomeTaxesCurrent $11.95M USD Point-in-time
Income taxes payable TaxesPayableCurrent $552.00K USD Point-in-time
Income taxes payable TaxesPayableCurrent $663.00K USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $110.61M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $148.60M USD Point-in-time
Total current liabilities LiabilitiesCurrent $186.25M USD Point-in-time
Total current liabilities LiabilitiesCurrent $146.50M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.42B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.17B USD Point-in-time
Deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $-47.15M USD Point-in-time
Deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $-1.85M USD Point-in-time
Asset retirement obligations and other AssetRetirementObligationsNoncurrent $74.83M USD Point-in-time
Asset retirement obligations and other AssetRetirementObligationsNoncurrent $68.75M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $1.50B USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $1.28B USD Point-in-time
Total liabilities Liabilities $1.64B USD Point-in-time
Total liabilities Liabilities $1.47B USD Point-in-time
Common units (218,895,515 units issued and outstanding at June 30, 2013 and December 31, 2012) LimitedPartnersCapitalAccount $912.38M USD Point-in-time
Common units (218,895,515 units issued and outstanding at June 30, 2013 and December 31, 2012) LimitedPartnersCapitalAccount $834.80M USD Point-in-time
Net investment by Anadarko OtherPartnersCapital $199.96M USD Point-in-time
Total partners' capital PartnersCapital $834.80M USD Point-in-time
Total partners' capital PartnersCapital $1.11B USD Point-in-time
Noncontrolling interests MinorityInterest $1.45B USD Point-in-time
Noncontrolling interests MinorityInterest $1.17B USD Point-in-time
Total equity and partners' capital PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $2.28B USD Point-in-time
Total equity and partners' capital PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $2.29B USD Point-in-time
Total liabilities, equity and partners' capital LiabilitiesAndStockholdersEquity $3.93B USD Point-in-time
Total liabilities, equity and partners' capital LiabilitiesAndStockholdersEquity $3.75B USD Point-in-time
Income Statement 82 line items
Line Item Tag Value Unit Period
Cost of product NaturalGasMidstreamCosts $165.61M USD 2 Qtrs
Cost of product NaturalGasMidstreamCosts $82.46M USD 1 Quarter
Cost of product NaturalGasMidstreamCosts $176.54M USD 2 Qtrs
Cost of product NaturalGasMidstreamCosts $93.46M USD 1 Quarter
Operation and maintenance OperatingCostsAndExpenses $35.69M USD 1 Quarter
Operation and maintenance OperatingCostsAndExpenses $67.81M USD 2 Qtrs
Operation and maintenance OperatingCostsAndExpenses $78.41M USD 2 Qtrs
Operation and maintenance OperatingCostsAndExpenses $41.67M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $8.21M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $17.14M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $20.58M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $10.31M USD 1 Quarter
Interest expense InterestExpense $9.56M USD 1 Quarter
Interest expense InterestExpense $12.65M USD 1 Quarter
Interest expense InterestExpense $19.14M USD 2 Qtrs
Interest expense InterestExpense $24.46M USD 2 Qtrs
Total revenues Revenues $255.13M USD 1 Quarter
Total revenues Revenues $444.99M USD 2 Qtrs
Total revenues Revenues $484.87M USD 2 Qtrs
Total revenues Revenues $220.31M USD 1 Quarter
Cost of product NaturalGasMidstreamCosts $165.61M USD 2 Qtrs
Cost of product NaturalGasMidstreamCosts $82.46M USD 1 Quarter
Cost of product NaturalGasMidstreamCosts $176.54M USD 2 Qtrs
Cost of product NaturalGasMidstreamCosts $93.46M USD 1 Quarter
Operation and maintenance OperatingCostsAndExpenses $35.69M USD 1 Quarter
Operation and maintenance OperatingCostsAndExpenses $67.81M USD 2 Qtrs
Operation and maintenance OperatingCostsAndExpenses $78.41M USD 2 Qtrs
Operation and maintenance OperatingCostsAndExpenses $41.67M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $8.21M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $17.14M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $20.58M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $10.31M USD 1 Quarter
Property and other taxes TaxesExcludingIncomeAndExciseTaxes $6.09M USD 1 Quarter
Property and other taxes TaxesExcludingIncomeAndExciseTaxes $4.83M USD 1 Quarter
Property and other taxes TaxesExcludingIncomeAndExciseTaxes $11.87M USD 2 Qtrs
Property and other taxes TaxesExcludingIncomeAndExciseTaxes $9.67M USD 2 Qtrs
Depreciation, amortization and impairments DepreciationAndAmortization $36.50M USD 1 Quarter
Depreciation, amortization and impairments DepreciationAndAmortization $68.94M USD 2 Qtrs
Depreciation, amortization and impairments DepreciationAndAmortization $27.74M USD 1 Quarter
Depreciation, amortization and impairments DepreciationAndAmortization $54.81M USD 2 Qtrs
Total operating expenses CostsAndExpenses $352.90M USD 2 Qtrs
Total operating expenses CostsAndExpenses $185.92M USD 1 Quarter
Total operating expenses CostsAndExpenses $318.49M USD 2 Qtrs
Total operating expenses CostsAndExpenses $161.03M USD 1 Quarter
Operating income OperatingIncomeLoss $131.98M USD 2 Qtrs
Operating income OperatingIncomeLoss $59.28M USD 1 Quarter
Operating income OperatingIncomeLoss $126.50M USD 2 Qtrs
Operating income OperatingIncomeLoss $69.21M USD 1 Quarter
Interest income, net - affiliates InterestIncomeAffiliates $8.45M USD 2 Qtrs
Interest income, net - affiliates InterestIncomeAffiliates $4.22M USD 1 Quarter
Interest income, net - affiliates InterestIncomeAffiliates $4.22M USD 1 Quarter
Interest income, net - affiliates InterestIncomeAffiliates $8.45M USD 2 Qtrs
Interest expense InterestExpense $9.56M USD 1 Quarter
Interest expense InterestExpense $12.65M USD 1 Quarter
Interest expense InterestExpense $19.14M USD 2 Qtrs
Interest expense InterestExpense $24.46M USD 2 Qtrs
Other income (expense), net OtherNonoperatingIncomeExpense $-809.00K USD 2 Qtrs
Other income (expense), net OtherNonoperatingIncomeExpense $1.22M USD 2 Qtrs
Other income (expense), net OtherNonoperatingIncomeExpense $-1.27M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $493.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $115.00M USD 2 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $61.27M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $117.18M USD 2 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $52.68M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $137.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $4.37M USD 2 Qtrs
Income tax expense IncomeTaxExpenseBenefit $29.62M USD 2 Qtrs
Income tax expense IncomeTaxExpenseBenefit $12.93M USD 1 Quarter
Net income ProfitLoss $112.81M USD 2 Qtrs
Net income ProfitLoss $39.75M USD 1 Quarter
Net income ProfitLoss $61.13M USD 1 Quarter
Net income ProfitLoss $85.38M USD 2 Qtrs
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $49.65M USD 2 Qtrs
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $21.08M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $45.78M USD 2 Qtrs
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $26.42M USD 1 Quarter
Net income attributable to Western Gas Equity Partners, LP NetIncomeLoss $34.71M USD 1 Quarter
Net income attributable to Western Gas Equity Partners, LP NetIncomeLoss $18.67M USD 1 Quarter
Net income attributable to Western Gas Equity Partners, LP NetIncomeLoss $35.72M USD 2 Qtrs
Net income attributable to Western Gas Equity Partners, LP NetIncomeLoss $67.03M USD 2 Qtrs
Pre-acquisition net (income) loss allocated to Anadarko PreacquisitionNetIncomeAllocated $-764.00K USD 1 Quarter
Pre-acquisition net (income) loss allocated to Anadarko PreacquisitionNetIncomeAllocated $4.64M USD 2 Qtrs
Cash Flow Statement 55 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $112.81M USD 2 Qtrs
Net income ProfitLoss $39.75M USD 1 Quarter
Net income ProfitLoss $61.13M USD 1 Quarter
Net income ProfitLoss $85.38M USD 2 Qtrs
Depreciation, amortization and impairments DepreciationDepletionAndAmortization $54.81M USD 2 Qtrs
Depreciation, amortization and impairments DepreciationDepletionAndAmortization $68.94M USD 2 Qtrs
Non-cash equity-based compensation expense ShareBasedCompensation $1.83M USD 2 Qtrs
Non-cash equity-based compensation expense ShareBasedCompensation $1.82M USD 2 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $1.23M USD 2 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-5.41M USD 2 Qtrs
Debt-related amortization and other items, net OtherOperatingActivitiesCashFlowStatement $1.13M USD 2 Qtrs
Debt-related amortization and other items, net OtherOperatingActivitiesCashFlowStatement $1.03M USD 2 Qtrs
(Increase) decrease in accounts receivable, net IncreaseDecreaseInAccountsReceivable $26.95M USD 2 Qtrs
(Increase) decrease in accounts receivable, net IncreaseDecreaseInAccountsReceivable $-12.72M USD 2 Qtrs
Increase (decrease) in accounts and natural gas imbalance payables and accrued liabilities, net IncreaseDecreaseInAccruedLiabilities $-9.95M USD 2 Qtrs
Increase (decrease) in accounts and natural gas imbalance payables and accrued liabilities, net IncreaseDecreaseInAccruedLiabilities $255.00K USD 2 Qtrs
Change in other items, net IncreaseDecreaseInOtherOperatingLiabilities $4.41M USD 2 Qtrs
Change in other items, net IncreaseDecreaseInOtherOperatingLiabilities $3.19M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $144.82M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $162.41M USD 2 Qtrs
Capital expenditures PaymentsForCapitalImprovements $339.76M USD 2 Qtrs
Capital expenditures PaymentsForCapitalImprovements $193.05M USD 2 Qtrs
Investments in equity affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates $29.82M USD 2 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities $382.00K USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-658.55M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-1.05B USD 2 Qtrs
Borrowings, net of debt issuance costs ProceedsFromIssuanceOfLongTermDebt $886.37M USD 2 Qtrs
Borrowings, net of debt issuance costs ProceedsFromIssuanceOfLongTermDebt $494.95M USD 2 Qtrs
Repayments of debt RepaymentsOfLongTermDebt $549.00M USD 2 Qtrs
Repayments of debt RepaymentsOfLongTermDebt $245.00M USD 2 Qtrs
Increase (decrease) in outstanding checks IncreaseDecreaseInOutstandingChecksFinancingActivities $-1.81M USD 2 Qtrs
Increase (decrease) in outstanding checks IncreaseDecreaseInOutstandingChecksFinancingActivities $-1.01M USD 2 Qtrs
Offering expenses from the issuance of WGP common units PaymentOfFinancingAndStockIssuanceCosts $2.37M USD 2 Qtrs
Distributions to WGP unitholders PaymentsOfDividends $46.98M USD 2 Qtrs
Distributions to WES common unitholders PaymentsOfDividendsMinorityInterest $58.93M USD 2 Qtrs
Distributions to WES common unitholders PaymentsOfDividendsMinorityInterest $45.32M USD 2 Qtrs
Net contributions from Anadarko ProceedsFromPartnershipContribution $31.10M USD 2 Qtrs
Net contributions from Anadarko ProceedsFromPartnershipContribution $4.51M USD 2 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $545.22M USD 2 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $556.93M USD 2 Qtrs
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $31.49M USD 2 Qtrs
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-330.14M USD 2 Qtrs
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $422.56M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $92.41M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $226.56M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $258.05M 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 $92.41M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $226.56M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $258.05M USD Point-in-time
Net distributions to Anadarko of other assets PartnersCapitalAccountReturnOfCapital $615.00K USD 2 Qtrs
Net distributions to Anadarko of other assets PartnersCapitalAccountReturnOfCapital $4.10M USD 2 Qtrs
Interest paid, net of capitalized interest InterestPaidNet $23.52M USD 2 Qtrs
Interest paid, net of capitalized interest InterestPaidNet $18.19M USD 2 Qtrs
Taxes paid IncomeTaxesPaid $72.00K USD 2 Qtrs
Stockholders Equity 18 line items
Line Item Tag Value Unit Period
WES equity transactions, net MinorityInterestAndPaidInCapitalIncreaseFromStockIssuance $416.12M USD 2 Qtrs
Balance PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $2.28B USD Point-in-time
Balance PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $2.29B USD Point-in-time
Net income ProfitLoss $112.81M USD 2 Qtrs
Net income ProfitLoss $39.75M USD 1 Quarter
Net income ProfitLoss $61.13M USD 1 Quarter
Net income ProfitLoss $85.38M USD 2 Qtrs
Offering expenses from the issuance of WGP common units PartnersCapitalAccountSaleOfUnits $-250.00K USD 2 Qtrs
WES equity transactions, net MinorityInterestAndPaidInCapitalIncreaseFromStockIssuance $416.12M USD 2 Qtrs
Contributions received from Chipeta noncontrolling interest owners MinorityInterestIncreaseFromStockIssuance $1.10M USD 2 Qtrs
Distributions to unitholders PartnersCapitalAccountDistributions $46.98M USD 2 Qtrs
Acquisition from affiliates PartnersCapitalAccountAcquisitions $-465.50M USD 2 Qtrs
Contributions of equity-based compensation from Anadarko ContributionsOfEquityBasedCompensationFromParent $1.41M USD 2 Qtrs
Net pre-acquisition contributions from (distributions to) Anadarko PartnersCapitalAccountDistributionsPriorToAcquisition $-4.51M USD 2 Qtrs
Elimination of net deferred tax liabilities DeferredOtherTaxExpenseBenefit $-46.53M USD 2 Qtrs
Other PartnersCapitalOther $-304.00K USD 2 Qtrs
Balance PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $2.28B USD Point-in-time
Balance PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $2.29B USD Point-in-time

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

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