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10-Q Filing

BOARDWALK PIPELINE PARTNERS, LP CIK: 1336047 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001336047-19-000021
Period End Date 20190331
Filing Date 20190429
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance bwp2019q110q33119_htm.xml
Balance Sheet 82 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $33.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $15.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.60M USD Point-in-time
Trade, net AccountsReceivableNetCurrent $122.30M USD Point-in-time
Trade, net AccountsReceivableNetCurrent $139.20M USD Point-in-time
Other OtherReceivables $14.50M USD Point-in-time
Other OtherReceivables $11.50M USD Point-in-time
Gas transportation receivables GasImbalanceAssetLiability $8.80M USD Point-in-time
Gas transportation receivables GasImbalanceAssetLiability $6.20M USD Point-in-time
Costs recoverable from customers RegulatoryAssetsCurrent $23.60M USD Point-in-time
Costs recoverable from customers RegulatoryAssetsCurrent $16.20M USD Point-in-time
Prepayments PrepaidExpenseCurrent $21.30M USD Point-in-time
Prepayments PrepaidExpenseCurrent $13.60M USD Point-in-time
Other current assets OtherAssetsCurrent $1.30M USD Point-in-time
Other current assets OtherAssetsCurrent $1.50M USD Point-in-time
Total current assets AssetsCurrent $212.30M USD Point-in-time
Total current assets AssetsCurrent $186.60M USD Point-in-time
Natural gas transmission and other plant PropertyPlantAndEquipmentOther $11.18B USD Point-in-time
Natural gas transmission and other plant PropertyPlantAndEquipmentOther $11.22B USD Point-in-time
Construction work in progress ConstructionInProgressGross $171.00M USD Point-in-time
Construction work in progress ConstructionInProgressGross $150.20M USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $11.39B USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $11.33B USD Point-in-time
Lessaccumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $2.94B USD Point-in-time
Lessaccumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.02B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $8.39B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $8.37B USD Point-in-time
Goodwill Goodwill $237.40M USD Point-in-time
Goodwill Goodwill $237.40M USD Point-in-time
Gas stored underground InventoryGasInStorageUndergroundNoncurrent $68.60M USD Point-in-time
Gas stored underground InventoryGasInStorageUndergroundNoncurrent $75.70M USD Point-in-time
Other MiscellaneousOtherAssetsNoncurrent $144.60M USD Point-in-time
Other MiscellaneousOtherAssetsNoncurrent $162.00M USD Point-in-time
Total other assets OtherAssetsNoncurrent $450.60M USD Point-in-time
Total other assets OtherAssetsNoncurrent $475.10M USD Point-in-time
Total Assets Assets $9.05B USD Point-in-time
Total Assets Assets $9.04B USD Point-in-time
Trade AccountsPayableTradeCurrent $61.20M USD Point-in-time
Trade AccountsPayableTradeCurrent $49.60M USD Point-in-time
Affiliates AccountsPayableRelatedPartiesCurrent $500.00K USD Point-in-time
Affiliates AccountsPayableRelatedPartiesCurrent $500.00K USD Point-in-time
Other AccountsPayableOtherCurrent $9.90M USD Point-in-time
Other AccountsPayableOtherCurrent $8.50M USD Point-in-time
Gas payables GasImbalancePayableCurrent $8.20M USD Point-in-time
Gas payables GasImbalancePayableCurrent $6.80M USD Point-in-time
Accrued taxes, other AccrualForTaxesOtherThanIncomeTaxesCurrent $38.30M USD Point-in-time
Accrued taxes, other AccrualForTaxesOtherThanIncomeTaxesCurrent $58.60M USD Point-in-time
Accrued interest InterestPayableCurrent $37.20M USD Point-in-time
Accrued interest InterestPayableCurrent $38.10M USD Point-in-time
Accrued payroll and employee benefits EmployeeRelatedLiabilitiesCurrent $34.00M USD Point-in-time
Accrued payroll and employee benefits EmployeeRelatedLiabilitiesCurrent $15.10M USD Point-in-time
Construction retainage ConstructionPayableCurrentAndNoncurrent $20.40M USD Point-in-time
Construction retainage ConstructionPayableCurrentAndNoncurrent $18.00M USD Point-in-time
Deferred income DeferredRevenueCurrent $500.00K USD Point-in-time
Deferred income DeferredRevenueCurrent $900.00K USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $26.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $26.40M USD Point-in-time
Total current liabilities LiabilitiesCurrent $257.40M USD Point-in-time
Total current liabilities LiabilitiesCurrent $201.30M USD Point-in-time
Long-term debt and finance lease obligation LongtermDebtandFinanceLeaseObligations $3.65B USD Point-in-time
Long-term debt and finance lease obligation LongtermDebtandFinanceLeaseObligations $3.70B USD Point-in-time
Pension liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $25.30M USD Point-in-time
Pension liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $24.80M USD Point-in-time
Asset retirement obligation AssetRetirementObligationsNoncurrent $57.00M USD Point-in-time
Asset retirement obligation AssetRetirementObligationsNoncurrent $56.40M USD Point-in-time
Provision for other asset retirement ProvisionForOtherAssetRetirement $68.50M USD Point-in-time
Provision for other asset retirement ProvisionForOtherAssetRetirement $70.20M USD Point-in-time
Other OtherLiabilitiesNoncurrent $78.40M USD Point-in-time
Other OtherLiabilitiesNoncurrent $89.70M USD Point-in-time
Total other liabilities and deferred credits LiabilitiesNoncurrent $242.20M USD Point-in-time
Total other liabilities and deferred credits LiabilitiesNoncurrent $228.10M USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Partners' capital GeneralandLimitedPartnersCapitalAccount $4.95B USD Point-in-time
Partners' capital GeneralandLimitedPartnersCapitalAccount $5.03B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-84.40M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-85.20M USD Point-in-time
Total partners capital PartnersCapital $4.95B USD Point-in-time
Total partners capital PartnersCapital $4.86B USD Point-in-time
Total Liabilities and Partners' Capital LiabilitiesAndStockholdersEquity $9.05B USD Point-in-time
Total Liabilities and Partners' Capital LiabilitiesAndStockholdersEquity $9.04B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Transportation TransportationRevenue $306.40M USD 1 Quarter
Transportation TransportationRevenue $298.50M USD 1 Quarter
Storage, parking and lending StorageParkingAndLendingRevenue $23.40M USD 1 Quarter
Storage, parking and lending StorageParkingAndLendingRevenue $25.10M USD 1 Quarter
Other OtherRevenue $16.10M USD 1 Quarter
Other OtherRevenue $11.80M USD 1 Quarter
Total operating revenues Revenues $335.40M USD 1 Quarter
Total operating revenues Revenues $345.90M USD 1 Quarter
Fuel and transportation CostOfDomesticRegulatedGasRevenue $2.60M USD 1 Quarter
Fuel and transportation CostOfDomesticRegulatedGasRevenue $4.40M USD 1 Quarter
Operation and maintenance UtilitiesOperatingExpenseMaintenanceAndOperations $43.00M USD 1 Quarter
Operation and maintenance UtilitiesOperatingExpenseMaintenanceAndOperations $46.40M USD 1 Quarter
Administrative and general GeneralAndAdministrativeExpense $32.10M USD 1 Quarter
Administrative and general GeneralAndAdministrativeExpense $33.20M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $82.90M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $85.80M USD 1 Quarter
Gain on sale of assets and impairments GainLossOnSalesOfAssetsAndAssetImpairmentCharges $400.00K USD 1 Quarter
Gain on sale of assets and impairments GainLossOnSalesOfAssetsAndAssetImpairmentCharges - USD 1 Quarter
Taxes other than income taxes TaxesExcludingIncomeAndExciseTaxes $28.20M USD 1 Quarter
Taxes other than income taxes TaxesExcludingIncomeAndExciseTaxes $29.30M USD 1 Quarter
Total operating costs and expenses OperatingExpenses $194.70M USD 1 Quarter
Total operating costs and expenses OperatingExpenses $192.80M USD 1 Quarter
Operating income OperatingIncomeLoss $153.10M USD 1 Quarter
Operating income OperatingIncomeLoss $140.70M USD 1 Quarter
Interest expense InterestExpense $45.30M USD 1 Quarter
Interest expense InterestExpense $44.10M USD 1 Quarter
Interest income InvestmentIncomeInterest - USD 1 Quarter
Interest income InvestmentIncomeInterest $300.00K USD 1 Quarter
Miscellaneous other income, net OtherNonoperatingIncomeExpense $800.00K USD 1 Quarter
Miscellaneous other income, net OtherNonoperatingIncomeExpense $200.00K USD 1 Quarter
Total other deductions NonoperatingIncomeExpense $-43.30M USD 1 Quarter
Total other deductions NonoperatingIncomeExpense $-44.80M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $97.40M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $108.30M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $200.00K USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $200.00K USD 1 Quarter
Net income NetIncomeLoss $108.10M USD 1 Quarter
Net income NetIncomeLoss $97.20M USD 1 Quarter
Cash Flow Statement 52 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $108.10M USD 1 Quarter
Net income NetIncomeLoss $97.20M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $82.90M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $85.80M USD 1 Quarter
Amortization of deferred costs and other AmortizationOfDeferredCharges $2.70M USD 1 Quarter
Amortization of deferred costs and other AmortizationOfDeferredCharges $2.30M USD 1 Quarter
Gain on sale of assets and impairments GainLossOnSalesOfAssetsAndAssetImpairmentCharges $400.00K USD 1 Quarter
Gain on sale of assets and impairments GainLossOnSalesOfAssetsAndAssetImpairmentCharges - USD 1 Quarter
Trade and other receivables IncreaseDecreaseInAccountsAndOtherReceivables $-19.80M USD 1 Quarter
Trade and other receivables IncreaseDecreaseInAccountsAndOtherReceivables $-4.80M USD 1 Quarter
Gas receivables and storage assets IncreaseDecreaseInGasImbalanceReceivable $2.90M USD 1 Quarter
Gas receivables and storage assets IncreaseDecreaseInGasImbalanceReceivable $-4.30M USD 1 Quarter
Costs recoverable from customers IncreaseDecreaseInOtherRegulatoryAssets $-7.40M USD 1 Quarter
Costs recoverable from customers IncreaseDecreaseInOtherRegulatoryAssets $6.10M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-3.80M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-1.60M USD 1 Quarter
Trade and other payables IncreaseDecreaseInAccountsPayable $-14.40M USD 1 Quarter
Trade and other payables IncreaseDecreaseInAccountsPayable $-4.60M USD 1 Quarter
Gas payables IncreaseDecreaseInBalancingAccountUtility $800.00K USD 1 Quarter
Gas payables IncreaseDecreaseInBalancingAccountUtility $2.70M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-40.00M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-31.20M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-800.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $1.50M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $151.90M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $166.40M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $74.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $110.90M USD 1 Quarter
Proceeds from sale of operating assets ProceedsFromSaleOfProductiveAssets $100.00K USD 1 Quarter
Proceeds from sale of operating assets ProceedsFromSaleOfProductiveAssets $500.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-110.40M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-73.90M USD 1 Quarter
Proceeds from borrowings on revolving credit agreement ProceedsFromLongTermLinesOfCredit $125.00M USD 1 Quarter
Proceeds from borrowings on revolving credit agreement ProceedsFromLongTermLinesOfCredit $145.00M USD 1 Quarter
Repayment of borrowings on revolving credit agreement RepaymentsOfLongTermLinesOfCredit $145.00M USD 1 Quarter
Repayment of borrowings on revolving credit agreement RepaymentsOfLongTermLinesOfCredit $180.00M USD 1 Quarter
Principal payment of finance lease obligation FinanceLeasePrincipalPayments $200.00K USD 1 Quarter
Principal payment of finance lease obligation FinanceLeasePrincipalPayments $100.00K USD 1 Quarter
Distributions paid PaymentsOfDividendsCommonStock $25.60M USD 1 Quarter
Distributions paid PaymentsOfDividendsCommonStock $25.60M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-25.70M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-80.80M USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $11.70M USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $15.80M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $33.40M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $15.30M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $17.60M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $3.60M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $33.40M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $15.30M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $17.60M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $3.60M USD Point-in-time
Stockholders Equity 15 line items
Line Item Tag Value Unit Period
Beginning balance PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $4.78B USD Point-in-time
Beginning balance PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $4.72B USD Point-in-time
Beginning balance PartnersCapital $4.95B USD Point-in-time
Beginning balance PartnersCapital $4.86B USD Point-in-time
Cumulative effect adjustment from the implementation of ASC 606 CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $-12.80M USD Point-in-time
Net income NetIncomeLoss $108.10M USD 1 Quarter
Net income NetIncomeLoss $97.20M USD 1 Quarter
Distributions paid PartnersCapitalAccountDistributions $25.60M USD 1 Quarter
Distributions paid PartnersCapitalAccountDistributions $25.60M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $900.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $800.00K USD 1 Quarter
Ending balance PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $4.78B USD Point-in-time
Ending balance PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $4.72B USD Point-in-time
Ending balance PartnersCapital $4.95B USD Point-in-time
Ending balance PartnersCapital $4.86B USD Point-in-time
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $108.10M USD 1 Quarter
Net income NetIncomeLoss $97.20M USD 1 Quarter
Reclassification adjustment transferred to Net income from cash flow hedges OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-300.00K USD 1 Quarter
Reclassification adjustment transferred to Net income from cash flow hedges OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-600.00K USD 1 Quarter
Pension and other postretirement benefit costs, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-500.00K USD 1 Quarter
Pension and other postretirement benefit costs, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-300.00K USD 1 Quarter
Total Comprehensive Income ComprehensiveIncomeNetOfTax $98.10M USD 1 Quarter
Total Comprehensive Income ComprehensiveIncomeNetOfTax $108.90M USD 1 Quarter

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

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