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In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Natural Gas Liquids | 7,675.7 | 6,579.7 | 10,545.4 | 10,778.0 | 9,256.7 | 10,361.3 | 7,775.1 | |
Natural Gas Gathering and Processing | 2,051.6 | 1,837.1 | 2,967.6 | 2,051.5 | 1,515.7 | 1,533.5 | 1,317.9 | |
Natural Gas Pipelines | 379.4 | 332.4 | 350.5 | 325.5 | 320.4 | 337.8 | 351.1 | |
Total revenues [+] | 8,918.5 | 7,761.1 | 12,191.7 | 11,869.3 | 10,182.2 | 11,322.6 | 8,675.9 | 6,474.5 |
Products | 6,858.5 | 6,098.3 | 10,725.0 | 10,549.2 | 9,010.2 | | | |
Services | 2,060.0 | 1,662.7 | 1,466.7 | 1,320.1 | 1,172.0 | | | |
Revenue growth [+] | 14.9% | -36.3% | 2.7% | 16.6% | -10.1% | 30.5% | 34.0% | -16.1% |
Natural Gas Liquids | 16.7% | -37.6% | -2.2% | 16.4% | -10.7% | 33.3% | | |
Natural Gas Gathering and Processing | 11.7% | -38.1% | 44.7% | 35.3% | -1.2% | 16.4% | | |
Natural Gas Pipelines | 14.1% | -5.1% | 7.7% | 1.6% | -5.2% | -3.8% | | |
Cost of goods sold | 6,496.1 | 5,641.1 | 10,088.5 | 10,222.2 | 8,540.3 | 9,745.2 | 7,531.0 | 5,355.2 |
Gross profit | 2,422.3 | 2,120.0 | 2,103.1 | 1,647.1 | 1,641.8 | 1,577.4 | 1,144.9 | 1,119.3 |
Gross margin | 27.2% | 27.3% | 17.3% | 13.9% | 16.1% | 13.9% | 13.2% | 17.3% |
Selling, general and administrative [+] | 88.0 | 83.1 | 70.6 | 56.9 | 49.5 | 44.9 | 173.7 | 164.1 |
General and administrative | 88.0 | 83.1 | 70.6 | | | | | |
Equity in earnings | 139.7 | 125.3 | 117.4 | 110.5 | 123.0 | 127.2 | 101.9 | 72.7 |
Other operating expenses | 639.5 | 609.1 | 599.1 | 440.9 | 419.6 | 416.4 | 192.5 | 244.4 |
EBITDA [+] | 1,834.5 | 1,553.1 | 1,550.9 | 1,259.8 | 1,295.8 | 1,243.3 | 880.5 | 783.5 |
EBITDA growth | 18.1% | 0.1% | 23.1% | -2.8% | 4.2% | 41.2% | 12.4% | -10.1% |
EBITDA margin | 20.6% | 20.0% | 12.7% | 10.6% | 12.7% | 11.0% | 10.1% | 12.1% |
Depreciation | 376.7 | 340.3 | 279.4 | 228.0 | 195.4 | 169.8 | 166.0 | 156.4 |
EBITA | 1,457.8 | 1,212.8 | 1,271.4 | 1,031.8 | 1,100.4 | 1,073.5 | 714.5 | 627.0 |
EBITA margin | 16.3% | 15.6% | 10.4% | 8.7% | 10.8% | 9.5% | 8.2% | 9.7% |
Amortization of intangibles | 11.9 | 11.9 | 11.8 | 8.7 | 7.7 | 7.7 | 7.7 | 7.7 |
EBIT [+] | 1,445.9 | 1,200.9 | 1,259.6 | 1,023.1 | 1,092.7 | 1,065.8 | 706.8 | 619.3 |
EBIT growth | 20.4% | -4.7% | 23.1% | -6.4% | 2.5% | 50.8% | 14.1% | -17.0% |
EBIT margin | 16.2% | 15.5% | 10.3% | 8.6% | 10.7% | 9.4% | 8.1% | 9.6% |
Non-recurring items [+] | -9.9 | 77.6 | -6.6 | 11.9 | 6.7 | -1.0 | 18.6 | |
Asset impairment | | 83.7 | | | | | | |
Loss (gain) on sale of assets | -9.9 | -6.1 | -6.6 | 11.9 | 6.7 | -1.0 | 18.6 | 2.7 |
Interest expense | 366.8 | 338.9 | 281.9 | 236.7 | 206.0 | 223.1 | 204.3 | 206.0 |
Interest expense | 366.8 | 338.9 | 281.9 | 236.7 | 206.0 | 223.1 | 204.3 | 206.0 |
Other income (expense), net | -2.9 | -182.5 | -60.3 | 40.4 | 18.6 | -0.2 | 4.5 | 34.4 |
Pre-tax income | 1,086.2 | 602.0 | 924.0 | 814.8 | 898.5 | 843.5 | 488.4 | 447.7 |
Income taxes | 13.9 | 4.1 | 12.7 | 10.9 | 10.1 | 12.6 | 15.1 | 13.0 |
Tax rate | 1.3% | 0.7% | 1.4% | 1.3% | 1.1% | 1.5% | 3.1% | 2.9% |
Minority interest | 5.5 | 8.3 | 1.0 | 0.4 | 0.4 | 0.6 | 0.6 | 0.3 |
Net income | 643.3 | 195.0 | 566.1 | 528.1 | 660.1 | 682.5 | 354.5 | 337.9 |
Net margin | 7.2% | 2.5% | 4.6% | 4.4% | 6.5% | 6.0% | 4.1% | 5.2% |
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Basic EPS [+] | $2.25 | $0.73 | $2.33 | $2.35 | $3.04 | $3.35 | $1.75 | $1.80 |
Growth | 208.5% | -68.6% | -1.0% | -22.7% | -9.2% | 91.5% | -2.9% | -70.0% |
Diluted EPS [+] | $2.25 | $0.73 | $2.33 | $2.35 | $3.04 | $3.35 | $1.75 | $1.80 |
Growth | 208.5% | -68.6% | -1.0% | -22.7% | -9.2% | 91.5% | -2.9% | -70.0% |
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Dividends per share [+] | | | | | | | $2.78 | $2.67 |
Growth | | | | | | -100.0% | 4.2% | |
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Shares outstanding (basic) [+] | 285.8 | 267.3 | 243.3 | 224.7 | 217.1 | 203.8 | 202.7 | 187.6 |
Growth | 6.9% | 9.9% | 8.3% | 3.5% | 6.5% | 0.5% | 8.1% | 110.1% |
Shares outstanding (diluted) [+] | 285.8 | 267.3 | 243.3 | 224.7 | 217.1 | 203.8 | 202.7 | 187.6 |
Growth | 6.9% | 9.9% | 8.3% | 3.5% | 6.5% | 0.5% | 8.1% | 110.1% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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