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10-Q Filing

WESTERN MIDSTREAM PARTNERS, LP CIK: 1423902 Q3 2013
Filing Information
Form Type 10-Q
Accession Number 0001423902-13-000006
Period End Date 20130930
Filing Date 20131107
Fiscal Year 2013
Fiscal Period Q3
XBRL Instance wgp-20130930.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Limited partners' capital account LimitedPartnersCapitalAccount $825.07M USD Point-in-time
Limited partners' capital account LimitedPartnersCapitalAccount $912.38M USD Point-in-time
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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $422.56M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $47.49M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $57.08M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $226.56M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $75.69M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $75.69M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $48.55M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $48.55M USD Point-in-time
Other current assets OtherAssetsCurrent $8.91M USD Point-in-time
Other current assets OtherAssetsCurrent $8.91M USD Point-in-time
Other current assets OtherAssetsCurrent $7.00M USD Point-in-time
Other current assets OtherAssetsCurrent $7.00M USD Point-in-time
Accounts and natural gas imbalance payables AccountsPayableTradeCurrent $19.13M USD Point-in-time
Total current assets AssetsCurrent $478.10M USD Point-in-time
Total current assets AssetsCurrent $141.69M USD Point-in-time
Accounts and natural gas imbalance payables AccountsPayableTradeCurrent $25.15M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $148.60M USD Point-in-time
Note receivable - Anadarko NotesReceivableRelatedPartiesNoncurrent $260.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $140.32M USD Point-in-time
Note receivable - Anadarko NotesReceivableRelatedPartiesNoncurrent $260.00M USD Point-in-time
Cost PropertyPlantAndEquipmentGross $3.43B USD Point-in-time
Cost PropertyPlantAndEquipmentGross $4.06B USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $817.49M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $714.44M USD Point-in-time
Net property, plant and equipment PropertyPlantAndEquipmentNet $3.24B 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 $54.44M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $55.49M USD Point-in-time
Equity investments EquityMethodInvestments $227.57M 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 $28.08M USD Point-in-time
Total assets Assets $4.06B USD Point-in-time
Total assets Assets $3.75B USD Point-in-time
Accounts and natural gas imbalance payables AccountsPayableTradeCurrent $19.13M USD Point-in-time
Accounts and natural gas imbalance payables AccountsPayableTradeCurrent $25.15M USD Point-in-time
Accrued ad valorem taxes AccrualForTaxesOtherThanIncomeTaxesCurrent $18.47M 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 $190.00K USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $148.60M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $140.32M USD Point-in-time
Total current liabilities LiabilitiesCurrent $186.25M USD Point-in-time
Total current liabilities LiabilitiesCurrent $178.12M USD Point-in-time
Long-term debt - third parties LongTermDebtNoncurrent $1.17B USD Point-in-time
Long-term debt - third parties LongTermDebtNoncurrent $1.52B USD Point-in-time
Deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $-47.15M USD Point-in-time
Deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $-1.83M USD Point-in-time
Asset retirement obligations and other AssetRetirementObligationsNoncurrent $76.34M USD Point-in-time
Asset retirement obligations and other AssetRetirementObligationsNoncurrent $68.75M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $1.28B USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $1.60B USD Point-in-time
Total liabilities Liabilities $1.47B USD Point-in-time
Total liabilities Liabilities $1.77B USD Point-in-time
Common units (218,895,515 units issued and outstanding at September 30, 2013, and December 31, 2012) LimitedPartnersCapitalAccount $825.07M USD Point-in-time
Common units (218,895,515 units issued and outstanding at September 30, 2013, and December 31, 2012) LimitedPartnersCapitalAccount $912.38M USD Point-in-time
Net investment by Anadarko OtherPartnersCapital $199.96M USD Point-in-time
Net investment by Anadarko OtherPartnersCapital - USD Point-in-time
Total partners' capital PartnersCapital $825.07M USD Point-in-time
Total partners' capital PartnersCapital $1.11B USD Point-in-time
Noncontrolling interests MinorityInterest $1.46B 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 $3.75B USD Point-in-time
Total liabilities, equity and partners' capital LiabilitiesAndStockholdersEquity $4.06B USD Point-in-time
Income Statement 84 line items
Line Item Tag Value Unit Period
Cost of product NaturalGasMidstreamCosts $89.11M USD 1 Quarter
Cost of product NaturalGasMidstreamCosts $270.06M USD 3 Qtrs
Cost of product NaturalGasMidstreamCosts $93.52M USD 1 Quarter
Cost of product NaturalGasMidstreamCosts $254.72M USD 3 Qtrs
Operation and maintenance OperatingCostsAndExpenses $35.49M USD 1 Quarter
Operation and maintenance OperatingCostsAndExpenses $42.76M USD 1 Quarter
Operation and maintenance OperatingCostsAndExpenses $103.30M USD 3 Qtrs
Operation and maintenance OperatingCostsAndExpenses $121.17M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $7.96M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $25.10M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $15.04M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $35.62M USD 3 Qtrs
Interest expense InterestExpense $13.02M USD 1 Quarter
Interest expense InterestExpense $10.98M USD 1 Quarter
Interest expense InterestExpense $30.12M USD 3 Qtrs
Interest expense InterestExpense $37.48M USD 3 Qtrs
Total revenues Revenues $278.00M USD 1 Quarter
Total revenues Revenues $679.72M USD 3 Qtrs
Total revenues Revenues $234.73M USD 1 Quarter
Total revenues Revenues $762.87M USD 3 Qtrs
Cost of product NaturalGasMidstreamCosts $89.11M USD 1 Quarter
Cost of product NaturalGasMidstreamCosts $270.06M USD 3 Qtrs
Cost of product NaturalGasMidstreamCosts $93.52M USD 1 Quarter
Cost of product NaturalGasMidstreamCosts $254.72M USD 3 Qtrs
Operation and maintenance OperatingCostsAndExpenses $35.49M USD 1 Quarter
Operation and maintenance OperatingCostsAndExpenses $42.76M USD 1 Quarter
Operation and maintenance OperatingCostsAndExpenses $103.30M USD 3 Qtrs
Operation and maintenance OperatingCostsAndExpenses $121.17M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $7.96M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $25.10M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $15.04M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $35.62M USD 3 Qtrs
Property and other taxes TaxesExcludingIncomeAndExciseTaxes $5.33M USD 1 Quarter
Property and other taxes TaxesExcludingIncomeAndExciseTaxes $6.65M USD 1 Quarter
Property and other taxes TaxesExcludingIncomeAndExciseTaxes $18.52M USD 3 Qtrs
Property and other taxes TaxesExcludingIncomeAndExciseTaxes $15.00M USD 3 Qtrs
Depreciation, amortization and impairments DepreciationAndAmortization $28.45M USD 1 Quarter
Depreciation, amortization and impairments DepreciationAndAmortization $83.26M USD 3 Qtrs
Depreciation, amortization and impairments DepreciationAndAmortization $106.55M USD 3 Qtrs
Depreciation, amortization and impairments DepreciationAndAmortization $37.62M USD 1 Quarter
Total operating expenses CostsAndExpenses $541.39M USD 3 Qtrs
Total operating expenses CostsAndExpenses $173.42M USD 1 Quarter
Total operating expenses CostsAndExpenses $188.50M USD 1 Quarter
Total operating expenses CostsAndExpenses $491.91M USD 3 Qtrs
Operating income OperatingIncomeLoss $221.48M USD 3 Qtrs
Operating income OperatingIncomeLoss $89.50M USD 1 Quarter
Operating income OperatingIncomeLoss $61.31M USD 1 Quarter
Operating income OperatingIncomeLoss $187.81M USD 3 Qtrs
Interest income, net - affiliates InterestIncomeRelatedParty $12.68M USD 3 Qtrs
Interest income, net - affiliates InterestIncomeRelatedParty $4.22M USD 1 Quarter
Interest income, net - affiliates InterestIncomeRelatedParty $12.68M USD 3 Qtrs
Interest income, net - affiliates InterestIncomeRelatedParty $4.22M USD 1 Quarter
Interest expense InterestExpense $13.02M USD 1 Quarter
Interest expense InterestExpense $10.98M USD 1 Quarter
Interest expense InterestExpense $30.12M USD 3 Qtrs
Interest expense InterestExpense $37.48M USD 3 Qtrs
Other income (expense), net OtherNonoperatingIncomeExpense $466.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $522.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-287.00K USD 3 Qtrs
Other income (expense), net OtherNonoperatingIncomeExpense $1.69M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $55.08M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $198.36M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $81.17M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $170.08M USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $4.43M USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $43.79M USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $58.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $14.17M USD 1 Quarter
Net income ProfitLoss $81.12M USD 1 Quarter
Net income ProfitLoss $126.29M USD 3 Qtrs
Net income ProfitLoss $193.93M USD 3 Qtrs
Net income ProfitLoss $40.92M USD 1 Quarter
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $71.26M USD 3 Qtrs
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $21.61M USD 1 Quarter
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $82.56M USD 3 Qtrs
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $36.78M USD 1 Quarter
Net income attributable to Western Gas Equity Partners, LP NetIncomeLoss $19.31M USD 1 Quarter
Net income attributable to Western Gas Equity Partners, LP NetIncomeLoss $55.03M USD 3 Qtrs
Net income attributable to Western Gas Equity Partners, LP NetIncomeLoss $44.34M USD 1 Quarter
Net income attributable to Western Gas Equity Partners, LP NetIncomeLoss $111.36M USD 3 Qtrs
Pre-acquisition net (income) loss allocated to Anadarko PreacquisitionNetIncomeAllocated - USD 1 Quarter
Pre-acquisition net (income) loss allocated to Anadarko PreacquisitionNetIncomeAllocated $4.64M USD 3 Qtrs
Limited partners' interest in net income NetIncomeLossAllocatedToLimitedPartners $44.34M USD 1 Quarter
Limited partners' interest in net income NetIncomeLossAllocatedToLimitedPartners $106.73M USD 3 Qtrs
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $81.12M USD 1 Quarter
Net income ProfitLoss $126.29M USD 3 Qtrs
Net income ProfitLoss $193.93M USD 3 Qtrs
Net income ProfitLoss $40.92M USD 1 Quarter
Depreciation, amortization and impairments DepreciationDepletionAndAmortization $83.26M USD 3 Qtrs
Depreciation, amortization and impairments DepreciationDepletionAndAmortization $106.55M USD 3 Qtrs
Non-cash equity-based compensation expense ShareBasedCompensation $2.77M USD 3 Qtrs
Non-cash equity-based compensation expense ShareBasedCompensation $2.78M USD 3 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $1.21M USD 3 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-11.28M USD 3 Qtrs
Debt-related amortization and other items, net OtherOperatingActivitiesCashFlowStatement $1.76M USD 3 Qtrs
Debt-related amortization and other items, net OtherOperatingActivitiesCashFlowStatement $1.73M USD 3 Qtrs
(Increase) decrease in accounts receivable, net IncreaseDecreaseInAccountsReceivable $-47.27M USD 3 Qtrs
(Increase) decrease in accounts receivable, net IncreaseDecreaseInAccountsReceivable $27.54M USD 3 Qtrs
Increase (decrease) in accounts and natural gas imbalance payables and accrued liabilities, net IncreaseDecreaseInAccruedLiabilities $6.70M USD 3 Qtrs
Increase (decrease) in accounts and natural gas imbalance payables and accrued liabilities, net IncreaseDecreaseInAccruedLiabilities $29.27M USD 3 Qtrs
Change in other items, net IncreaseDecreaseInOtherOperatingLiabilities $687.00K USD 3 Qtrs
Change in other items, net IncreaseDecreaseInOtherOperatingLiabilities $2.23M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $281.56M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $286.07M USD 3 Qtrs
Capital expenditures PaymentsForCapitalImprovements $469.68M USD 3 Qtrs
Capital expenditures PaymentsForCapitalImprovements $403.95M USD 3 Qtrs
Investments in equity affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates $147.00K USD 3 Qtrs
Investments in equity affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates $45.13M USD 3 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities $1.52M USD 3 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities - USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-1.01B USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-1.23B USD 3 Qtrs
Borrowings, net of debt issuance costs ProceedsFromIssuanceOfLongTermDebt $885.29M USD 3 Qtrs
Borrowings, net of debt issuance costs ProceedsFromIssuanceOfLongTermDebt $842.57M USD 3 Qtrs
Repayments of debt RepaymentsOfLongTermDebt $495.00M USD 3 Qtrs
Repayments of debt RepaymentsOfLongTermDebt $549.00M USD 3 Qtrs
Increase (decrease) in outstanding checks IncreaseDecreaseInOutstandingChecksFinancingActivities $-3.33M USD 3 Qtrs
Increase (decrease) in outstanding checks IncreaseDecreaseInOutstandingChecksFinancingActivities $2.53M USD 3 Qtrs
Offering expenses from the issuance of WGP common units PaymentOfFinancingAndStockIssuanceCosts $2.37M USD 3 Qtrs
Offering expenses from the issuance of WGP common units PaymentOfFinancingAndStockIssuanceCosts - USD 3 Qtrs
Distributions to WGP unitholders PaymentsOfDividends - USD 3 Qtrs
Distributions to WGP unitholders PaymentsOfDividends $90.21M USD 3 Qtrs
Distributions to WES common unitholders PaymentsOfDividendsMinorityInterest $94.12M USD 3 Qtrs
Distributions to WES common unitholders PaymentsOfDividendsMinorityInterest $71.89M USD 3 Qtrs
Net contributions from Anadarko ProceedsFromPartnershipContribution $4.51M USD 3 Qtrs
Net contributions from Anadarko ProceedsFromPartnershipContribution $57.19M USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $548.67M USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $574.86M USD 3 Qtrs
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-365.47M USD 3 Qtrs
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-179.06M USD 3 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 $47.49M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $57.08M 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 $422.56M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $47.49M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $57.08M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $226.56M USD Point-in-time
Net distributions to Anadarko of other assets PartnersCapitalAccountReturnOfCapital $10.79M USD 3 Qtrs
Net distributions to Anadarko of other assets PartnersCapitalAccountReturnOfCapital $4.08M USD 3 Qtrs
Interest paid, net of capitalized interest InterestPaidNet $16.46M USD 3 Qtrs
Interest paid, net of capitalized interest InterestPaidNet $34.97M USD 3 Qtrs
Taxes paid IncomeTaxesPaid $495.00K USD 3 Qtrs
Taxes paid IncomeTaxesPaid - USD 3 Qtrs
Stockholders Equity 18 line items
Line Item Tag Value Unit Period
Balance PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $2.28B USD Point-in-time
Balance PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $2.29B USD Point-in-time
Net income ProfitLoss $81.12M USD 1 Quarter
Net income ProfitLoss $126.29M USD 3 Qtrs
Net income ProfitLoss $193.93M USD 3 Qtrs
Net income ProfitLoss $40.92M USD 1 Quarter
WES equity transactions, net MinorityInterestAndPaidInCapitalIncreaseFromStockIssuance $418.52M USD 3 Qtrs
Contributions received from Chipeta noncontrolling interest owners NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $2.25M USD 3 Qtrs
Distributions to unitholders PartnersCapitalAccountDistributions $90.21M USD 3 Qtrs
Acquisitions from affiliates PartnersCapitalAccountAcquisitions $-465.50M USD 3 Qtrs
Contributions of equity-based compensation from Anadarko ContributionsOfEquityBasedCompensationFromParent $2.15M USD 3 Qtrs
Net pre-acquisition contributions from (distributions to) Anadarko PartnersCapitalAccountDistributionsPriorToAcquisition $-4.51M USD 3 Qtrs
Net distributions of other assets to Anadarko PartnersCapitalAccountReturnOfCapital $10.79M USD 3 Qtrs
Net distributions of other assets to Anadarko PartnersCapitalAccountReturnOfCapital $4.08M USD 3 Qtrs
Elimination of net deferred tax liabilities DeferredOtherTaxExpenseBenefit $-46.53M USD 3 Qtrs
Other PartnersCapitalOther $265.00K USD 3 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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