10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001423902-15-000013 |
| Period End Date | 20150331 |
| Filing Date | 20150506 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | wgp-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
218.91M | shares | Point-in-time |
| Common units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
218.91M | shares | Point-in-time |
| Common units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
218.91M | shares | Point-in-time |
| Common units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
218.91M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$113.08M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$59.82M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$144.12M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$94.12M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$67.21M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$109.02M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$10.84M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$11.04M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$144.12M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$109.02M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$10.84M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$11.04M | USD | Point-in-time |
| Accounts and natural gas imbalance payables |
AccountsPayableTradeCurrent
|
$54.23M | USD | Point-in-time |
| Accounts and natural gas imbalance payables |
AccountsPayableTradeCurrent
|
$51.02M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$187.07M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$214.98M | 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
|
$5.63B | USD | Point-in-time |
| Cost |
PropertyPlantAndEquipmentGross
|
$5.81B | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$1.06B | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$1.10B | USD | Point-in-time |
| Net property, plant and equipment |
PropertyPlantAndEquipmentNet
|
$4.71B | USD | Point-in-time |
| Net property, plant and equipment |
PropertyPlantAndEquipmentNet
|
$4.57B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$393.04M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$389.09M | USD | Point-in-time |
| Other intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$853.45M | USD | Point-in-time |
| Other intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$884.86M | USD | Point-in-time |
| Equity investments |
EquityMethodInvestments
|
$634.49M | USD | Point-in-time |
| Equity investments |
EquityMethodInvestments
|
$635.92M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$27.62M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$28.29M | USD | Point-in-time |
| Total assets |
Assets
|
$6.96B | USD | Point-in-time |
| Total assets |
Assets
|
$7.10B | USD | Point-in-time |
| Accounts and natural gas imbalance payables |
AccountsPayableTradeCurrent
|
$54.23M | USD | Point-in-time |
| Accounts and natural gas imbalance payables |
AccountsPayableTradeCurrent
|
$51.02M | USD | Point-in-time |
| Accrued ad valorem taxes |
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
$19.73M | USD | Point-in-time |
| Accrued ad valorem taxes |
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
$14.81M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$170.86M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$171.79M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$242.53M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$241.06M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$2.53B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$2.42B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$45.66M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$7.80M | USD | Point-in-time |
| Asset retirement obligations and other |
AssetRetirementObligationsNoncurrent
|
$114.77M | USD | Point-in-time |
| Asset retirement obligations and other |
AssetRetirementObligationsNoncurrent
|
$111.71M | USD | Point-in-time |
| Deferred purchase price obligation - Anadarko |
DueToRelatedPartiesNoncurrent
|
- | USD | Point-in-time |
| Deferred purchase price obligation - Anadarko |
DueToRelatedPartiesNoncurrent
|
$175.70M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$2.58B | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$2.83B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$3.07B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.82B | USD | Point-in-time |
| Common units (218,909,977 units issued and outstanding at March 31, 2015, and December 31, 2014) |
LimitedPartnersCapitalAccount
|
$1.25B | USD | Point-in-time |
| Common units (218,909,977 units issued and outstanding at March 31, 2015, and December 31, 2014) |
LimitedPartnersCapitalAccount
|
$1.26B | USD | Point-in-time |
| Net investment by Anadarko |
OtherPartnersCapital
|
- | USD | Point-in-time |
| Net investment by Anadarko |
OtherPartnersCapital
|
$122.51M | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$1.25B | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$1.38B | USD | Point-in-time |
| Noncontrolling interests |
PartnersCapitalAttributableToNoncontrollingInterest
|
$2.75B | USD | Point-in-time |
| Noncontrolling interests |
PartnersCapitalAttributableToNoncontrollingInterest
|
$2.77B | USD | Point-in-time |
| Total equity and partners' capital |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$4.13B | USD | Point-in-time |
| Total equity and partners' capital |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$4.02B | USD | Point-in-time |
| Total liabilities, equity and partners' capital |
LiabilitiesAndStockholdersEquity
|
$6.96B | USD | Point-in-time |
| Total liabilities, equity and partners' capital |
LiabilitiesAndStockholdersEquity
|
$7.10B | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cost of product |
NaturalGasMidstreamCosts
|
$94.38M | USD | 1 Quarter |
| Cost of product |
NaturalGasMidstreamCosts
|
$137.92M | USD | 1 Quarter |
| Operation and maintenance |
OperatingCostsAndExpenses
|
$44.58M | USD | 1 Quarter |
| Operation and maintenance |
OperatingCostsAndExpenses
|
$56.15M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$9.88M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$11.35M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$22.96M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$13.96M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$375.09M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$293.72M | USD | 1 Quarter |
| Equity income, net |
IncomeLossFromEquityMethodInvestments
|
$9.25M | USD | 1 Quarter |
| Equity income, net |
IncomeLossFromEquityMethodInvestments
|
$18.22M | USD | 1 Quarter |
| Cost of product |
NaturalGasMidstreamCosts
|
$94.38M | USD | 1 Quarter |
| Cost of product |
NaturalGasMidstreamCosts
|
$137.92M | USD | 1 Quarter |
| Operation and maintenance |
OperatingCostsAndExpenses
|
$44.58M | USD | 1 Quarter |
| Operation and maintenance |
OperatingCostsAndExpenses
|
$56.15M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$9.88M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$11.35M | USD | 1 Quarter |
| Property and other taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$7.23M | USD | 1 Quarter |
| Property and other taxes |
TaxesExcludingIncomeAndExciseTaxes
|
$8.52M | USD | 1 Quarter |
| Depreciation, amortization and impairments |
DepreciationAndAmortization
|
$70.29M | USD | 1 Quarter |
| Depreciation, amortization and impairments |
DepreciationAndAmortization
|
$42.09M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$198.15M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$284.23M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$109.08M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$104.82M | USD | 1 Quarter |
| Interest income - affiliates |
InterestIncomeRelatedParty
|
$4.22M | USD | 1 Quarter |
| Interest income - affiliates |
InterestIncomeRelatedParty
|
$4.22M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$22.96M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$13.96M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$496.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$80.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$95.58M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$90.43M | USD | 1 Quarter |
| Income tax (benefit) expense |
IncomeTaxExpenseBenefit
|
$4.46M | USD | 1 Quarter |
| Income tax (benefit) expense |
IncomeTaxExpenseBenefit
|
$1.78M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$93.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$85.97M | USD | 1 Quarter |
| Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$40.63M | USD | 1 Quarter |
| Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$28.94M | USD | 1 Quarter |
| Net income attributable to Western Gas Equity Partners, LP |
NetIncomeLoss
|
$53.16M | USD | 1 Quarter |
| Net income attributable to Western Gas Equity Partners, LP |
NetIncomeLoss
|
$57.03M | USD | 1 Quarter |
| Pre-acquisition net (income) loss allocated to Anadarko |
PreacquisitionNetIncomeLossAllocatedToParent
|
$1.74M | USD | 1 Quarter |
| Pre-acquisition net (income) loss allocated to Anadarko |
PreacquisitionNetIncomeLossAllocatedToParent
|
$2.67M | USD | 1 Quarter |
| Limited partners' interest in net income |
NetIncomeLossAllocatedToLimitedPartners
|
$50.50M | USD | 1 Quarter |
| Limited partners' interest in net income |
NetIncomeLossAllocatedToLimitedPartners
|
$55.29M | USD | 1 Quarter |
Cash Flow Statement
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$93.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$85.97M | USD | 1 Quarter |
| Depreciation, amortization and impairments |
DepreciationDepletionAndAmortization
|
$42.09M | USD | 1 Quarter |
| Depreciation, amortization and impairments |
DepreciationDepletionAndAmortization
|
$70.29M | USD | 1 Quarter |
| Non-cash equity-based compensation expense |
ShareBasedCompensation
|
$1.10M | USD | 1 Quarter |
| Non-cash equity-based compensation expense |
ShareBasedCompensation
|
$1.18M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$3.76M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$993.00K | USD | 1 Quarter |
| Accretion and amortization of long-term obligations, net |
OtherOperatingActivitiesCashFlowStatement
|
$2.11M | USD | 1 Quarter |
| Accretion and amortization of long-term obligations, net |
OtherOperatingActivitiesCashFlowStatement
|
$680.00K | USD | 1 Quarter |
| Equity income, net |
IncomeLossFromEquityMethodInvestments
|
$9.25M | USD | 1 Quarter |
| Equity income, net |
IncomeLossFromEquityMethodInvestments
|
$18.22M | USD | 1 Quarter |
| Distributions from equity investment earnings |
EquityMethodInvestmentDividendsOrDistributions
|
$18.71M | USD | 1 Quarter |
| Distributions from equity investment earnings |
EquityMethodInvestmentDividendsOrDistributions
|
$10.27M | USD | 1 Quarter |
| (Increase) decrease in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$17.80M | USD | 1 Quarter |
| (Increase) decrease in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$15.43M | USD | 1 Quarter |
| Increase (decrease) in accounts and natural gas imbalance payables and accrued liabilities, net |
IncreaseDecreaseInAccruedLiabilities
|
$5.85M | USD | 1 Quarter |
| Increase (decrease) in accounts and natural gas imbalance payables and accrued liabilities, net |
IncreaseDecreaseInAccruedLiabilities
|
$10.55M | USD | 1 Quarter |
| Change in other items, net |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-1.01M | USD | 1 Quarter |
| Change in other items, net |
IncreaseDecreaseInOtherOperatingLiabilities
|
$2.09M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$132.26M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$155.46M | USD | 1 Quarter |
| Capital expenditures |
PaymentsForCapitalImprovements
|
$199.15M | USD | 1 Quarter |
| Capital expenditures |
PaymentsForCapitalImprovements
|
$200.94M | USD | 1 Quarter |
| Investments in equity affiliates |
PaymentsToAcquireBusinessesAndInterestInAffiliates
|
$28.46M | USD | 1 Quarter |
| Investments in equity affiliates |
PaymentsToAcquireBusinessesAndInterestInAffiliates
|
$4.88M | USD | 1 Quarter |
| Distributions from equity investments in excess of cumulative earnings |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$2.04M | USD | 1 Quarter |
| Distributions from equity investments in excess of cumulative earnings |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$2.96M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-586.52M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-203.96M | USD | 1 Quarter |
| Borrowings, net of debt issuance costs |
ProceedsFromIssuanceOfLongTermDebt
|
$917.74M | USD | 1 Quarter |
| Borrowings, net of debt issuance costs |
ProceedsFromIssuanceOfLongTermDebt
|
$140.00M | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfLongTermDebt
|
$31.15M | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfLongTermDebt
|
$430.00M | USD | 1 Quarter |
| Increase (decrease) in outstanding checks |
IncreaseDecreaseInOutstandingChecksFinancingActivities
|
$-2.47M | USD | 1 Quarter |
| Increase (decrease) in outstanding checks |
IncreaseDecreaseInOutstandingChecksFinancingActivities
|
$1.93M | USD | 1 Quarter |
| Distributions to WGP unitholders |
PaymentsOfDividends
|
$50.62M | USD | 1 Quarter |
| Distributions to WGP unitholders |
PaymentsOfDividends
|
$68.41M | USD | 1 Quarter |
| Net contributions from Anadarko |
ProceedsFromPartnershipContribution
|
$30.10M | USD | 1 Quarter |
| Net contributions from Anadarko |
ProceedsFromPartnershipContribution
|
$23.84M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$41.12M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$435.30M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-7.39M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-18.97M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$113.08M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$59.82M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$94.12M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$67.21M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$113.08M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$59.82M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$94.12M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$67.21M | USD | Point-in-time |
| Net distributions to (contributions from) Anadarko of other assets |
PartnersCapitalAccountReturnOfCapital
|
$-43.00K | USD | 1 Quarter |
| Net distributions to (contributions from) Anadarko of other assets |
PartnersCapitalAccountReturnOfCapital
|
$348.00K | USD | 1 Quarter |
| Interest paid, net of capitalized interest |
InterestPaidNet
|
$14.11M | USD | 1 Quarter |
| Interest paid, net of capitalized interest |
InterestPaidNet
|
$17.60M | USD | 1 Quarter |
| Taxes paid (reimbursements received) |
IncomeTaxesPaidNet
|
$-138.00K | USD | 1 Quarter |
| Taxes paid (reimbursements received) |
IncomeTaxesPaidNet
|
$-340.00K | USD | 1 Quarter |
Stockholders Equity
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$4.13B | USD | Point-in-time |
| Balance |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$4.02B | USD | Point-in-time |
| Net income (loss) |
ProfitLoss
|
$93.80M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$85.97M | USD | 1 Quarter |
| WES equity transactions, net |
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
$31.04M | USD | 1 Quarter |
| Distributions to WGP unitholders |
PartnersCapitalAccountDistributions
|
$68.41M | USD | 1 Quarter |
| Acquisitions from affiliates |
PartnersCapitalAccountAcquisitions
|
$-174.28M | USD | 1 Quarter |
| Contributions of equity-based compensation to WES by Anadarko |
ContributionsOfEquityBasedCompensationFromParent
|
$824.00K | USD | 1 Quarter |
| Net pre-acquisition contributions from (distributions to) Anadarko |
PartnersCapitalAccountContributions
|
$30.10M | USD | 1 Quarter |
| Net distributions to Anadarko of other assets |
PartnersCapitalAccountReturnOfCapital
|
$-43.00K | USD | 1 Quarter |
| Net distributions to Anadarko of other assets |
PartnersCapitalAccountReturnOfCapital
|
$348.00K | USD | 1 Quarter |
| Elimination of net deferred tax liabilities |
DeferredOtherTaxExpenseBenefit
|
$-41.84M | USD | 1 Quarter |
| Other |
PartnersCapitalOther
|
$-81.00K | USD | 1 Quarter |
| Balance |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$4.13B | USD | Point-in-time |
| Balance |
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
$4.02B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.