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10-Q Filing

TRANSCONTINENTAL GAS PIPE LINE COMPANY, LLC CIK: 99250 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0000099250-20-000007
Period End Date 20200331
Filing Date 20200504
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance tgpl2020033110q_htm.xml
Balance Sheet 77 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 $669.00K USD Point-in-time
Affiliates DueFromRelatedPartiesCurrent $1.69M USD Point-in-time
Trade and other AccountsReceivableNetCurrent $253.27M USD Point-in-time
Trade and other AccountsReceivableNetCurrent $233.04M USD Point-in-time
Transportation and exchange gas receivables GasImbalanceAssetLiability $5.66M USD Point-in-time
Transportation and exchange gas receivables GasImbalanceAssetLiability $6.36M USD Point-in-time
Inventories OtherInventory $63.86M USD Point-in-time
Inventories OtherInventory $64.99M USD Point-in-time
Regulatory assets RegulatoryAssetsCurrent $62.56M USD Point-in-time
Regulatory assets RegulatoryAssetsCurrent $69.44M USD Point-in-time
Other OtherAssetsCurrent $10.75M USD Point-in-time
Other OtherAssetsCurrent $11.24M USD Point-in-time
Total current assets AssetsCurrent $377.56M USD Point-in-time
Total current assets AssetsCurrent $405.97M USD Point-in-time
Natural gas transmission plant PropertyPlantAndEquipmentGross $16.76B USD Point-in-time
Natural gas transmission plant PropertyPlantAndEquipmentGross $16.89B USD Point-in-time
Less-Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $4.44B USD Point-in-time
Less-Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $4.53B USD Point-in-time
Total property, plant and equipment, net PropertyPlantAndEquipmentNet $12.33B USD Point-in-time
Total property, plant and equipment, net PropertyPlantAndEquipmentNet $12.36B USD Point-in-time
Regulatory assets RegulatoryAssetsNoncurrent $318.20M USD Point-in-time
Regulatory assets RegulatoryAssetsNoncurrent $290.92M USD Point-in-time
Right-of-use assets OperatingLeaseRightOfUseAsset $83.34M USD Point-in-time
Right-of-use assets OperatingLeaseRightOfUseAsset $84.98M USD Point-in-time
Other OtherAssetsNoncurrent $196.43M USD Point-in-time
Other OtherAssetsNoncurrent $210.02M USD Point-in-time
Total other assets AssetsNoncurrentExcludingPPE $597.97M USD Point-in-time
Total other assets AssetsNoncurrentExcludingPPE $585.92M USD Point-in-time
Total Assets Assets $13.34B USD Point-in-time
Total Assets Assets $13.32B USD Point-in-time
Affiliate DueToRelatedPartiesCurrent $40.77M USD Point-in-time
Affiliate DueToRelatedPartiesCurrent $47.74M USD Point-in-time
Advances from affiliate Advancesfromaffiliate $316.91M USD Point-in-time
Advances from affiliate Advancesfromaffiliate $252.55M USD Point-in-time
Trade and other AccountsPayableTradeCurrent $118.61M USD Point-in-time
Trade and other AccountsPayableTradeCurrent $183.97M USD Point-in-time
Transportation and exchange gas payables GasImbalancePayableCurrent $3.96M USD Point-in-time
Transportation and exchange gas payables GasImbalancePayableCurrent $607.00K USD Point-in-time
Reserve for rate refunds CustomerRefundLiabilityCurrent $248.29M USD Point-in-time
Reserve for rate refunds CustomerRefundLiabilityCurrent $188.84M USD Point-in-time
Regulatory liabilities RegulatoryLiabilityCurrent $57.09M USD Point-in-time
Regulatory liabilities RegulatoryLiabilityCurrent $57.36M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $158.91M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $199.13M USD Point-in-time
Long-term debt due within one year LongTermDebtCurrent $20.64M USD Point-in-time
Long-term debt due within one year LongTermDebtCurrent $20.18M USD Point-in-time
Total current liabilities LiabilitiesCurrent $961.82M USD Point-in-time
Total current liabilities LiabilitiesCurrent $953.73M USD Point-in-time
Long-Term Debt LongTermDebtNoncurrent $4.04B USD Point-in-time
Long-Term Debt LongTermDebtNoncurrent $4.04B USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $431.94M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $426.50M USD Point-in-time
Regulatory liabilities RegulatoryLiabilityNoncurrent $966.96M USD Point-in-time
Regulatory liabilities RegulatoryLiabilityNoncurrent $962.95M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $212.96M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $215.60M USD Point-in-time
Lease liability OperatingLeaseLiabilityNoncurrent $83.11M USD Point-in-time
Lease liability OperatingLeaseLiabilityNoncurrent $84.53M USD Point-in-time
Other OtherLiabilitiesNoncurrent $20.82M USD Point-in-time
Other OtherLiabilitiesNoncurrent $28.00M USD Point-in-time
Total other long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $1.72B USD Point-in-time
Total other long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $1.71B USD Point-in-time
Contingent Liabilities and Commitments (Note 3) CommitmentsAndContingencies - USD Point-in-time
Contingent Liabilities and Commitments (Note 3) 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 $2.19B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.18B USD Point-in-time
Total member's equity MembersEquity $6.61B USD Point-in-time
Total member's equity MembersEquity $6.58B USD Point-in-time
Total member's equity MembersEquity $6.61B USD Point-in-time
Total liabilities and member's equity LiabilitiesAndStockholdersEquity $13.34B USD Point-in-time
Total liabilities and member's equity LiabilitiesAndStockholdersEquity $13.32B USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
Natural gas sales ResultsOfOperationsSalesRevenueToUnaffiliatedEnterprises $19.65M USD 1 Quarter
Natural gas sales ResultsOfOperationsSalesRevenueToUnaffiliatedEnterprises $24.09M USD 1 Quarter
Natural gas transportation RegulatedOperatingRevenuePipelines $566.01M 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 $38.37M USD 1 Quarter
Other ResultsOfOperationsRevenueOther $3.33M USD 1 Quarter
Other ResultsOfOperationsRevenueOther $2.76M USD 1 Quarter
Total operating revenues ResultsOfOperationsRevenueFromOilAndGasProducingActivities $627.37M USD 1 Quarter
Total operating revenues ResultsOfOperationsRevenueFromOilAndGasProducingActivities $597.09M USD 1 Quarter
Cost of natural gas sales Costofnaturalgassales $24.09M USD 1 Quarter
Cost of natural gas sales Costofnaturalgassales $19.65M USD 1 Quarter
Cost of natural gas transportation Costofnaturalgastransportation $14.63M USD 1 Quarter
Cost of natural gas transportation Costofnaturalgastransportation $13.40M USD 1 Quarter
Operation and maintenance UtilitiesOperatingExpenseMaintenanceAndOperations $83.45M USD 1 Quarter
Operation and maintenance UtilitiesOperatingExpenseMaintenanceAndOperations $80.69M USD 1 Quarter
Administrative and general GeneralAndAdministrativeExpense $42.17M 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 $113.64M USD 1 Quarter
Taxes - other than income taxes TaxesExcludingIncomeAndExciseTaxes $22.44M 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 $7.69M USD 1 Quarter
Other expense, net OtherOperatingIncomeExpenseNet $-3.29M USD 1 Quarter
Other expense, net OtherOperatingIncomeExpenseNet $-13.35M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $306.82M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $287.58M USD 1 Quarter
Operating Income OperatingIncomeLoss $290.27M USD 1 Quarter
Operating Income OperatingIncomeLoss $339.78M USD 1 Quarter
Interest expense InterestExpense $71.09M USD 1 Quarter
Interest expense InterestExpense $73.11M USD 1 Quarter
Allowance for equity and borrowed funds used during construction (AFUDC) PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions $8.71M USD 1 Quarter
Allowance for equity and borrowed funds used during construction (AFUDC) PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions $10.95M USD 1 Quarter
Equity in earnings losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $771.00K USD 1 Quarter
Equity in earnings losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Miscellaneous other (income) expenses, net OtherNonoperatingIncomeExpense $1.03M USD 1 Quarter
Miscellaneous other (income) expenses, net OtherNonoperatingIncomeExpense $356.00K USD 1 Quarter
Total other (income) and other expenses NonoperatingIncomeExpense $-60.57M USD 1 Quarter
Total other (income) and other expenses NonoperatingIncomeExpense $-61.80M USD 1 Quarter
Net Income NetIncomeLoss $229.70M USD 1 Quarter
Net Income NetIncomeLoss $277.98M USD 1 Quarter
Equity interest in unrealized gain (loss) on interest rate hedges (includes $(78) for the three months ended March 31, 2019 of accumulated other comprehensive income reclassification for equity interest in realized gains on interest rate hedges) OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-230.00K USD 1 Quarter
Equity interest in unrealized gain (loss) on interest rate hedges (includes $(78) for the three months ended March 31, 2019 of accumulated other comprehensive income reclassification for equity interest in realized gains on interest rate hedges) OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent - USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $229.47M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $277.98M USD 1 Quarter
Cash Flow Statement 78 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $229.70M USD 1 Quarter
Net Income NetIncomeLoss $277.98M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $104.62M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $113.64M 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 $8.12M USD 1 Quarter
Regulatory credit resulting from Tax Reform RegulatorycreditresultingfromTaxReform $1.75M USD 1 Quarter
Regulatory credit resulting from Tax Reform RegulatorycreditresultingfromTaxReform $7.69M USD 1 Quarter
Equity in earnings losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $771.00K USD 1 Quarter
Equity in earnings losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Distribution from unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions - USD 1 Quarter
Distribution from unconsolidated affiliates EquityMethodInvestmentDividendsOrDistributions $1.25M USD 1 Quarter
Receivables - affiliates IncreaseDecreaseInDueFromAffiliatesCurrent $1.02M USD 1 Quarter
Receivables - affiliates IncreaseDecreaseInDueFromAffiliatesCurrent $-619.00K USD 1 Quarter
Receivables - trade and other IncreaseDecreaseInOtherReceivables $-20.23M USD 1 Quarter
Receivables - trade and other IncreaseDecreaseInOtherReceivables $33.05M USD 1 Quarter
Transportation and exchange gas receivable IncreaseDecreaseInTransportationAndExchangeGasReceivable $1.82M USD 1 Quarter
Transportation and exchange gas receivable IncreaseDecreaseInTransportationAndExchangeGasReceivable $-697.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-1.13M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $4.53M USD 1 Quarter
Payables - afilliates IncreaseDecreaseInAccountsPayableRelatedParties $-4.24M USD 1 Quarter
Payables - afilliates IncreaseDecreaseInAccountsPayableRelatedParties $-6.97M USD 1 Quarter
Payables - trade IncreaseDecreaseInAccountsPayable $-31.12M USD 1 Quarter
Payables - trade IncreaseDecreaseInAccountsPayable $-45.55M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-40.34M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-35.24M USD 1 Quarter
Reserve for rate refunds IncreaseDecreaseinReserveforRateRefunds $59.45M USD 1 Quarter
Reserve for rate refunds IncreaseDecreaseinReserveforRateRefunds $22.13M USD 1 Quarter
Asset retirement obligations IncreaseDecreaseInAssetRetirementObligations $18.58M USD 1 Quarter
Asset retirement obligations IncreaseDecreaseInAssetRetirementObligations $5.43M 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 $9.57M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $244.22M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $390.22M USD 1 Quarter
Proceeds from other financing obligations ProceedsFromPaymentsForOtherFinancingActivities $1.69M USD 1 Quarter
Proceeds from other financing obligations ProceedsFromPaymentsForOtherFinancingActivities $7.91M USD 1 Quarter
Payments on other financing obligations PaymentsOfFinancingCosts $3.68M USD 1 Quarter
Payments on other financing obligations PaymentsOfFinancingCosts $4.84M USD 1 Quarter
Cash distributions to parent PaymentsOfDistributionsToAffiliates $270.00M USD 1 Quarter
Cash distributions to parent PaymentsOfDistributionsToAffiliates $176.00M USD 1 Quarter
Advances from affiliate, net IncreaseDecreaseInNotesPayableRelatedPartiesCurrent $86.58M USD 1 Quarter
Advances from affiliate, net IncreaseDecreaseInNotesPayableRelatedPartiesCurrent $64.36M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-85.19M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-208.79M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $184.56M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $173.18M USD 1 Quarter
Contributions and advances for construction costs ProceedsFromContributionInAidOfConstruction $10.15M USD 1 Quarter
Contributions and advances for construction costs ProceedsFromContributionInAidOfConstruction $10.06M USD 1 Quarter
Disposal of property, plant and equipment, net PaymentsForProceedsFromRemovalCosts $4.78M USD 1 Quarter
Disposal of property, plant and equipment, net PaymentsForProceedsFromRemovalCosts $5.48M USD 1 Quarter
Advances to affiliate, net IncreaseDecreaseInNotesReceivableRelatedPartiesCurrent - USD 1 Quarter
Advances to affiliate, net IncreaseDecreaseInNotesReceivableRelatedPartiesCurrent $-33.03M USD 1 Quarter
Purchase of ARO Trust investments PaymentsToInvestInDecommissioningFund $19.52M USD 1 Quarter
Purchase of ARO Trust investments PaymentsToInvestInDecommissioningFund $28.69M USD 1 Quarter
Proceeds from sale of ARO Trust investments ProceedsFromDecommissioningFund $15.07M 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 NetCashProvidedByUsedInInvestingActivities $-181.43M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-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, exclusive of equity AFUDC PaymentsToAcquireOilAndGasPropertyAndEquipment $132.57M USD 1 Quarter
Increase to property, plant and equipment, exclusive of equity AFUDC PaymentsToAcquireOilAndGasPropertyAndEquipment $161.74M 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 $-40.61M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $184.56M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $173.18M USD 1 Quarter
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Balance at beginning of period MembersEquity $6.61B USD Point-in-time
Balance at beginning of period MembersEquity $6.58B USD Point-in-time
Balance at beginning of period MembersEquity $6.61B USD Point-in-time
Net Income NetIncomeLoss $229.70M USD 1 Quarter
Net Income NetIncomeLoss $277.98M USD 1 Quarter
Cash distributions to parent PaymentsOfDistributionsToAffiliates $270.00M USD 1 Quarter
Cash distributions to parent PaymentsOfDistributionsToAffiliates $176.00M USD 1 Quarter
Equity interest in unrealized loss in interest rate hedge OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-230.00K USD 1 Quarter
Equity interest in unrealized loss in interest rate hedge OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent - USD 1 Quarter
Balance at end of period MembersEquity $6.61B USD Point-in-time
Balance at end of period MembersEquity $6.58B USD Point-in-time
Balance at end of period MembersEquity $6.61B USD Point-in-time
Comprehensive Income 1 line items
Line Item Tag Value Unit Period
Accumulated other comprehensive income reclassification for equity interest in realized gains on interest rate hedges OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-78.00K USD 1 Quarter

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

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