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10-Q Filing

TRANSCONTINENTAL GAS PIPE LINE COMPANY, LLC CIK: 99250 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000099250-19-000006
Period End Date 20190331
Filing Date 20190502
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance tgpl-20190331.xml
Balance Sheet 81 line items
Line Item Tag Value Unit Period
Cash Cash - USD Point-in-time
Cash Cash - USD Point-in-time
Cash Cash - USD Point-in-time
Cash Cash - USD Point-in-time
Affiliates DueFromRelatedPartiesCurrent $399.00K USD Point-in-time
Affiliates DueFromRelatedPartiesCurrent $1.02M USD Point-in-time
Advances to affiliate DueFromAffiliateCurrent - USD Point-in-time
Advances to affiliate DueFromAffiliateCurrent $33.03M USD Point-in-time
Trade and other AccountsReceivableNetCurrent $234.25M USD Point-in-time
Trade and other AccountsReceivableNetCurrent $201.20M USD Point-in-time
Transportation and exchange gas receivables GasImbalanceAssetLiability $6.34M USD Point-in-time
Transportation and exchange gas receivables GasImbalanceAssetLiability $4.51M USD Point-in-time
Inventories OtherInventory $67.74M USD Point-in-time
Inventories OtherInventory $63.20M USD Point-in-time
Regulatory assets RegulatoryAssetsCurrent $103.90M USD Point-in-time
Regulatory assets RegulatoryAssetsCurrent $95.77M USD Point-in-time
Other OtherAssetsCurrent $7.47M USD Point-in-time
Other OtherAssetsCurrent $12.57M USD Point-in-time
Total current assets AssetsCurrent $411.31M USD Point-in-time
Total current assets AssetsCurrent $420.10M USD Point-in-time
Investments, at cost plus equity in undistributed earnings EquityMethodInvestments $26.52M USD Point-in-time
Investments, at cost plus equity in undistributed earnings EquityMethodInvestments $25.82M USD Point-in-time
Natural gas transmission plant PropertyPlantAndEquipmentGross $15.91B USD Point-in-time
Natural gas transmission plant PropertyPlantAndEquipmentGross $16.07B USD Point-in-time
Less-Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $4.24B USD Point-in-time
Less-Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $4.15B USD Point-in-time
Total property, plant and equipment, net PropertyPlantAndEquipmentNet $11.76B USD Point-in-time
Total property, plant and equipment, net PropertyPlantAndEquipmentNet $11.83B USD Point-in-time
Regulatory assets RegulatoryAssetsNoncurrent $273.73M USD Point-in-time
Regulatory assets RegulatoryAssetsNoncurrent $289.48M USD Point-in-time
Right-of-use assets OperatingLeaseRightOfUseAsset $89.82M USD Point-in-time
Right-of-use assets OperatingLeaseRightOfUseAsset - USD Point-in-time
Other OtherAssetsNoncurrent $187.07M USD Point-in-time
Other OtherAssetsNoncurrent $167.49M USD Point-in-time
Total other assets AssetsNoncurrent $550.63M USD Point-in-time
Total other assets AssetsNoncurrent $456.97M USD Point-in-time
Total Assets Assets $12.66B USD Point-in-time
Total Assets Assets $12.83B USD Point-in-time
Affiliates DueToRelatedPartiesCurrent $46.48M USD Point-in-time
Affiliates DueToRelatedPartiesCurrent $50.73M USD Point-in-time
Advances from affiliates DueToAffiliateCurrent - USD Point-in-time
Advances from affiliates DueToAffiliateCurrent $86.58M USD Point-in-time
Trade and other AccountsPayableTradeCurrent $166.00M USD Point-in-time
Trade and other AccountsPayableTradeCurrent $226.91M USD Point-in-time
Transportation and exchange gas payables GasImbalancePayableCurrent $3.48M USD Point-in-time
Transportation and exchange gas payables GasImbalancePayableCurrent $5.97M USD Point-in-time
Regulatory liabilities RegulatoryLiabilityCurrent $5.10M USD Point-in-time
Regulatory liabilities RegulatoryLiabilityCurrent $44.23M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $218.38M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $208.38M USD Point-in-time
Long-term debt due within one year LongTermDebtCurrent $15.81M USD Point-in-time
Long-term debt due within one year LongTermDebtCurrent $15.42M USD Point-in-time
Total current liabilities LiabilitiesCurrent $522.51M USD Point-in-time
Total current liabilities LiabilitiesCurrent $570.96M USD Point-in-time
Long-Term Debt LongTermDebtNoncurrent $4.00B USD Point-in-time
Long-Term Debt LongTermDebtNoncurrent $4.00B USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $348.61M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $366.94M USD Point-in-time
Regulatory liabilities RegulatoryLiabilityNoncurrent $1.03B USD Point-in-time
Regulatory liabilities RegulatoryLiabilityNoncurrent $991.78M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $226.16M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $223.53M USD Point-in-time
Lease liability OperatingLeaseLiabilityNoncurrent $85.76M USD Point-in-time
Lease liability OperatingLeaseLiabilityNoncurrent - USD Point-in-time
Other OtherLiabilitiesNoncurrent $5.66M USD Point-in-time
Other OtherLiabilitiesNoncurrent $4.19M USD Point-in-time
Total other long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $1.61B USD Point-in-time
Total other long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $1.67B USD Point-in-time
Contingent Liabilities and Commitments (Note 4) CommitmentsAndContingencies - USD Point-in-time
Contingent Liabilities and Commitments (Note 4) CommitmentsAndContingencies - USD Point-in-time
Member's capital MembersCapital $4.43B USD Point-in-time
Member's capital MembersCapital $4.43B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.10B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.15B USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $304.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $534.00K USD Point-in-time
Total member's equity MembersEquity $6.53B USD Point-in-time
Total member's equity MembersEquity $6.58B USD Point-in-time
Total member's equity MembersEquity $6.40B USD Point-in-time
Total liabilities and member's equity LiabilitiesAndStockholdersEquity $12.66B USD Point-in-time
Total liabilities and member's equity LiabilitiesAndStockholdersEquity $12.83B USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
Natural gas sales ResultsOfOperationsSalesRevenueToUnaffiliatedEnterprises $25.25M USD 1 Quarter
Natural gas sales ResultsOfOperationsSalesRevenueToUnaffiliatedEnterprises $24.09M USD 1 Quarter
Natural gas transportation RegulatedOperatingRevenuePipelines $426.58M USD 1 Quarter
Natural gas transportation RegulatedOperatingRevenuePipelines $534.16M USD 1 Quarter
Natural gas storage RevenueFromContractWithCustomerExcludingAssessedTax $36.09M USD 1 Quarter
Natural gas storage RevenueFromContractWithCustomerExcludingAssessedTax $34.77M USD 1 Quarter
Other ResultsOfOperationsRevenueOther $2.76M USD 1 Quarter
Other ResultsOfOperationsRevenueOther $2.64M USD 1 Quarter
Total operating revenues ResultsOfOperationsRevenueFromOilAndGasProducingActivities $597.09M USD 1 Quarter
Total operating revenues ResultsOfOperationsRevenueFromOilAndGasProducingActivities $489.24M USD 1 Quarter
Cost of natural gas sales CostOfGoodsAndServicesSold $25.25M USD 1 Quarter
Cost of natural gas sales CostOfGoodsAndServicesSold $24.09M USD 1 Quarter
Cost of natural gas transportation CostOfRevenue $13.07M USD 1 Quarter
Cost of natural gas transportation CostOfRevenue $14.63M USD 1 Quarter
Operation and maintenance UtilitiesOperatingExpenseMaintenanceAndOperations $83.45M USD 1 Quarter
Operation and maintenance UtilitiesOperatingExpenseMaintenanceAndOperations $87.02M USD 1 Quarter
Administrative and general GeneralAndAdministrativeExpense $46.38M USD 1 Quarter
Administrative and general GeneralAndAdministrativeExpense $48.15M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $104.62M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $83.22M USD 1 Quarter
Taxes - other than income taxes TaxesExcludingIncomeAndExciseTaxes $18.44M USD 1 Quarter
Taxes - other than income taxes TaxesExcludingIncomeAndExciseTaxes $20.28M USD 1 Quarter
Regulatory credit resulting from Tax Reform RegulatorycreditresultingfromTaxReform $1.75M USD 1 Quarter
Regulatory credit resulting from Tax Reform RegulatorycreditresultingfromTaxReform - USD 1 Quarter
Other expense, net OtherOperatingIncomeExpenseNet $-13.35M USD 1 Quarter
Other expense, net OtherOperatingIncomeExpenseNet $-17.84M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $306.82M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $291.23M USD 1 Quarter
Operating Income OperatingIncomeLoss $290.27M USD 1 Quarter
Operating Income OperatingIncomeLoss $198.01M USD 1 Quarter
Interest expense InterestExpense $71.09M USD 1 Quarter
Interest expense InterestExpense $45.07M USD 1 Quarter
Allowance for equity and borrowed funds used during construction (AFUDC) PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions $26.61M USD 1 Quarter
Allowance for equity and borrowed funds used during construction (AFUDC) PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions $8.71M USD 1 Quarter
Equity in (earnings) losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $771.00K USD 1 Quarter
Equity in (earnings) losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $-1.59M USD 1 Quarter
Miscellaneous other (income) expenses, net OtherNonoperatingIncomeExpense $1.96M USD 1 Quarter
Miscellaneous other (income) expenses, net OtherNonoperatingIncomeExpense $1.03M USD 1 Quarter
Total other (income) and other expenses NonoperatingIncomeExpense $-60.57M USD 1 Quarter
Total other (income) and other expenses NonoperatingIncomeExpense $-18.09M USD 1 Quarter
Net Income NetIncomeLoss $229.70M USD 1 Quarter
Net Income NetIncomeLoss $179.92M USD 1 Quarter
Equity interest in unrealized gain (loss) on interest rate hedges (includes $(78) for 2019 and $6 for 2018, of accumulated other comprehensive income reclassification for equity interest in realized losses (gains) on interest rate hedges) OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $405.00K USD 1 Quarter
Equity interest in unrealized gain (loss) on interest rate hedges (includes $(78) for 2019 and $6 for 2018, of accumulated other comprehensive income reclassification for equity interest in realized losses (gains) on interest rate hedges) OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-230.00K USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $229.47M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $180.32M USD 1 Quarter
Cash Flow Statement 82 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $229.70M USD 1 Quarter
Net Income NetIncomeLoss $179.92M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $104.62M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $83.22M USD 1 Quarter
Allowance for equity funds used during construction (equity AFUDC) IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction $6.51M USD 1 Quarter
Allowance for equity funds used during construction (equity AFUDC) IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction $19.78M USD 1 Quarter
Regulatory credit resulting from Tax Reform RegulatorycreditresultingfromTaxReform $1.75M USD 1 Quarter
Regulatory credit resulting from Tax Reform RegulatorycreditresultingfromTaxReform - USD 1 Quarter
Equity in (earnings) losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $771.00K USD 1 Quarter
Equity in (earnings) losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $-1.59M USD 1 Quarter
Distribution from unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions $1.25M USD 1 Quarter
Distribution from unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions $429.00K USD 1 Quarter
Receivables - affiliates IncreaseDecreaseInDueFromAffiliatesCurrent $-598.00K USD 1 Quarter
Receivables - affiliates IncreaseDecreaseInDueFromAffiliatesCurrent $-619.00K USD 1 Quarter
Receivables - trade and other IncreaseDecreaseInOtherReceivables $33.05M USD 1 Quarter
Receivables - trade and other IncreaseDecreaseInOtherReceivables $-8.61M USD 1 Quarter
Transportation and exchange gas receivable IncreaseDecreaseInTransportationAndExchangeGasReceivable $-275.00K USD 1 Quarter
Transportation and exchange gas receivable IncreaseDecreaseInTransportationAndExchangeGasReceivable $1.82M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $4.53M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $37.89M USD 1 Quarter
Payables - affiliates IncreaseDecreaseInDueToAffiliatesCurrent $-29.50M USD 1 Quarter
Payables - affiliates IncreaseDecreaseInDueToAffiliatesCurrent $-4.24M USD 1 Quarter
Payables - trade IncreaseDecreaseInAccountsPayable $-52.55M USD 1 Quarter
Payables - trade IncreaseDecreaseInAccountsPayable $-45.55M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-13.11M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-11.47M USD 1 Quarter
Asset retirement obligations - non-current IncreaseDecreaseInAssetRetirementObligations $18.58M USD 1 Quarter
Asset retirement obligations - non-current IncreaseDecreaseInAssetRetirementObligations $17.20M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-2.64M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-2.64M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $3.42M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-6.30M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $244.22M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $131.72M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfSeniorLongTermDebt - USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfSeniorLongTermDebt $993.44M USD 1 Quarter
Proceeds from other financing obligations ProceedsFromPaymentsForOtherFinancingActivities $18.80M USD 1 Quarter
Proceeds from other financing obligations ProceedsFromPaymentsForOtherFinancingActivities $7.91M USD 1 Quarter
Payments on other financing obligations PaymentsOfFinancingCosts $375.00K USD 1 Quarter
Payments on other financing obligations PaymentsOfFinancingCosts $3.68M USD 1 Quarter
Payments for debt issuance costs PaymentsOfDebtIssuanceCosts $9.03M USD 1 Quarter
Payments for debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Cash distributions to parent PaymentsOfDistributionsToAffiliates $176.00M USD 1 Quarter
Cash distributions to parent PaymentsOfDistributionsToAffiliates $55.00M USD 1 Quarter
Cash contributions from parent ProceedsFromContributionsFromParent - USD 1 Quarter
Cash contributions from parent ProceedsFromContributionsFromParent $340.00M USD 1 Quarter
Advances from affiliate, net IncreaseDecreaseInNotesPayableRelatedPartiesCurrent $86.58M USD 1 Quarter
Advances from affiliate, net IncreaseDecreaseInNotesPayableRelatedPartiesCurrent - USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $1.29B USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-85.19M USD 1 Quarter
Property, plant and equipment additions, net of equity AFUDC PaymentsToAcquirePropertyPlantAndEquipment $184.56M USD 1 Quarter
Property, plant and equipment additions, net of equity AFUDC PaymentsToAcquirePropertyPlantAndEquipment $737.00M USD 1 Quarter
Contributions and advances for construction costs ProceedsFromContributionInAidOfConstruction $10.06M USD 1 Quarter
Contributions and advances for construction costs ProceedsFromContributionInAidOfConstruction $188.54M USD 1 Quarter
Disposal of property, plant and equipment, net PaymentsForProceedsFromRemovalCosts $5.24M USD 1 Quarter
Disposal of property, plant and equipment, net PaymentsForProceedsFromRemovalCosts $5.48M USD 1 Quarter
Advances to affiliate, net IncreaseDecreaseInNotesReceivableRelatedPartiesCurrent $-33.03M USD 1 Quarter
Advances to affiliate, net IncreaseDecreaseInNotesReceivableRelatedPartiesCurrent $854.12M USD 1 Quarter
Purchase of ARO Trust investments PaymentsToInvestInDecommissioningFund $19.52M USD 1 Quarter
Purchase of ARO Trust investments PaymentsToInvestInDecommissioningFund $15.53M USD 1 Quarter
Proceeds from sale of ARO Trust investments ProceedsFromDecommissioningFund $3.79M USD 1 Quarter
Proceeds from sale of ARO Trust investments ProceedsFromDecommissioningFund $9.77M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $2.35M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-1.42B USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-159.04M USD 1 Quarter
Increase (decrease) in cash CashPeriodIncreaseDecrease - USD 1 Quarter
Increase (decrease) in cash CashPeriodIncreaseDecrease - USD 1 Quarter
Cash at beginning of period Cash - USD Point-in-time
Cash at beginning of period Cash - USD Point-in-time
Cash at beginning of period Cash - USD Point-in-time
Cash at beginning of period Cash - USD Point-in-time
Cash at end of period Cash - USD Point-in-time
Cash at end of period Cash - USD Point-in-time
Cash at end of period Cash - USD Point-in-time
Cash at end of period Cash - USD Point-in-time
Increase to property, plant and equipment, net of equity AFUDC PaymentsToAcquireOilAndGasPropertyAndEquipment $161.74M USD 1 Quarter
Increase to property, plant and equipment, net of equity AFUDC PaymentsToAcquireOilAndGasPropertyAndEquipment $721.92M USD 1 Quarter
Changes in related accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-22.82M USD 1 Quarter
Changes in related accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-15.08M USD 1 Quarter
Property, plant and equipment additions, net of equity AFUDC PaymentsToAcquirePropertyPlantAndEquipment $184.56M USD 1 Quarter
Property, plant and equipment additions, net of equity AFUDC PaymentsToAcquirePropertyPlantAndEquipment $737.00M USD 1 Quarter
Stockholders Equity 14 line items
Line Item Tag Value Unit Period
Balance at beginning of period MembersEquity $6.53B USD Point-in-time
Balance at beginning of period MembersEquity $6.58B USD Point-in-time
Balance at beginning of period MembersEquity $6.40B USD Point-in-time
Cash contributions from parent ProceedsFromContributionsFromParent - USD 1 Quarter
Cash contributions from parent ProceedsFromContributionsFromParent $340.00M USD 1 Quarter
Net Income NetIncomeLoss $229.70M USD 1 Quarter
Net Income NetIncomeLoss $179.92M USD 1 Quarter
Cash distributions to parent PaymentsOfDistributionsToAffiliates $176.00M USD 1 Quarter
Cash distributions to parent PaymentsOfDistributionsToAffiliates $55.00M USD 1 Quarter
Equity interest in unrealized gain (loss) on interest rate hedge OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $405.00K USD 1 Quarter
Equity interest in unrealized gain (loss) on interest rate hedge OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-230.00K USD 1 Quarter
Balance at end of period MembersEquity $6.53B USD Point-in-time
Balance at end of period MembersEquity $6.58B USD Point-in-time
Balance at end of period MembersEquity $6.40B USD Point-in-time
Comprehensive Income 2 line items
Line Item Tag Value Unit Period
Accumulated other comprehensive income reclassification for equity interest in realized losses (gains) on interest rate hedges OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-78.00K USD 1 Quarter
Accumulated other comprehensive income reclassification for equity interest in realized losses (gains) on interest rate hedges OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $6.00K USD 1 Quarter

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

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