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10-Q Filing

BOARDWALK PIPELINE PARTNERS, LP CIK: 1336047 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001336047-20-000010
Period End Date 20200331
Filing Date 20200504
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance bwp-20200331_htm.xml
Balance Sheet 84 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $31.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $15.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.70M USD Point-in-time
Trade, net AccountsReceivableNetCurrent $117.20M USD Point-in-time
Trade, net AccountsReceivableNetCurrent $119.80M USD Point-in-time
Other OtherReceivables $12.80M USD Point-in-time
Other OtherReceivables $15.20M USD Point-in-time
Gas transportation receivables GasImbalanceAssetLiability $5.30M USD Point-in-time
Gas transportation receivables GasImbalanceAssetLiability $7.50M USD Point-in-time
Prepayments PrepaidExpenseCurrent $16.10M USD Point-in-time
Prepayments PrepaidExpenseCurrent $16.00M USD Point-in-time
Other current assets OtherAssetsCurrent $3.70M USD Point-in-time
Other current assets OtherAssetsCurrent $8.10M USD Point-in-time
Total current assets AssetsCurrent $189.10M USD Point-in-time
Total current assets AssetsCurrent $167.70M USD Point-in-time
Natural gas transmission and other plant PropertyPlantAndEquipmentOther $11.49B USD Point-in-time
Natural gas transmission and other plant PropertyPlantAndEquipmentOther $11.57B USD Point-in-time
Construction work in progress ConstructionInProgressGross $273.20M USD Point-in-time
Construction work in progress ConstructionInProgressGross $253.90M USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $11.85B USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $11.74B USD Point-in-time
Lessaccumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.26B USD Point-in-time
Lessaccumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.35B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $8.48B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $8.50B USD Point-in-time
Goodwill Goodwill $237.40M USD Point-in-time
Goodwill Goodwill $237.40M USD Point-in-time
Gas stored underground InventoryGasInStorageUndergroundNoncurrent $103.70M USD Point-in-time
Gas stored underground InventoryGasInStorageUndergroundNoncurrent $97.10M USD Point-in-time
Other MiscellaneousOtherAssetsNoncurrent $161.20M USD Point-in-time
Other MiscellaneousOtherAssetsNoncurrent $161.60M USD Point-in-time
Total other assets OtherAssetsNoncurrent $502.70M USD Point-in-time
Total other assets OtherAssetsNoncurrent $495.70M USD Point-in-time
Total Assets Assets $9.14B USD Point-in-time
Total Assets Assets $9.19B USD Point-in-time
Trade AccountsPayableTradeCurrent $55.10M USD Point-in-time
Trade AccountsPayableTradeCurrent $65.80M USD Point-in-time
Affiliates AccountsPayableRelatedPartiesCurrent $4.60M USD Point-in-time
Affiliates AccountsPayableRelatedPartiesCurrent $4.60M USD Point-in-time
Other AccountsPayableOtherCurrent $11.60M USD Point-in-time
Other AccountsPayableOtherCurrent $14.70M USD Point-in-time
Gas payables GasImbalancePayableCurrent $6.40M USD Point-in-time
Gas payables GasImbalancePayableCurrent $6.40M USD Point-in-time
Accrued taxes, other AccrualForTaxesOtherThanIncomeTaxesCurrent $60.10M USD Point-in-time
Accrued taxes, other AccrualForTaxesOtherThanIncomeTaxesCurrent $42.70M USD Point-in-time
Accrued interest InterestPayableCurrent $35.60M USD Point-in-time
Accrued interest InterestPayableCurrent $45.30M USD Point-in-time
Accrued payroll and employee benefits EmployeeRelatedLiabilitiesCurrent $19.00M USD Point-in-time
Accrued payroll and employee benefits EmployeeRelatedLiabilitiesCurrent $38.10M USD Point-in-time
Construction retainage ConstructionPayableCurrentAndNoncurrent $15.20M USD Point-in-time
Construction retainage ConstructionPayableCurrentAndNoncurrent $16.80M USD Point-in-time
Regulatory liability RegulatoryLiabilityCurrent $9.50M USD Point-in-time
Regulatory liability RegulatoryLiabilityCurrent $13.40M USD Point-in-time
Deferred income DeferredRevenueCurrent $6.00M USD Point-in-time
Deferred income DeferredRevenueCurrent $2.20M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $18.90M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $18.80M USD Point-in-time
Total current liabilities LiabilitiesCurrent $241.30M USD Point-in-time
Total current liabilities LiabilitiesCurrent $269.50M USD Point-in-time
Long-term debt and finance lease obligation LongTermDebtAndCapitalLeaseObligations $3.57B USD Point-in-time
Long-term debt and finance lease obligation LongTermDebtAndCapitalLeaseObligations $3.55B USD Point-in-time
Pension liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $20.50M USD Point-in-time
Pension liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $19.80M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $57.30M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $56.80M USD Point-in-time
Provision for other asset retirement ProvisionForOtherAssetRetirement $75.10M USD Point-in-time
Provision for other asset retirement ProvisionForOtherAssetRetirement $76.30M USD Point-in-time
Other OtherLiabilitiesNoncurrent $95.50M USD Point-in-time
Other OtherLiabilitiesNoncurrent $95.60M USD Point-in-time
Total other liabilities and deferred credits LiabilitiesOtherThanLongtermDebtNoncurrent $248.90M USD Point-in-time
Total other liabilities and deferred credits LiabilitiesOtherThanLongtermDebtNoncurrent $248.00M USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Partners' capital GeneralandLimitedPartnersCapitalAccount $5.23B USD Point-in-time
Partners' capital GeneralandLimitedPartnersCapitalAccount $5.14B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-81.10M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-80.10M USD Point-in-time
Total partners capital PartnersCapital $5.15B 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 partners capital PartnersCapital $5.06B USD Point-in-time
Total Liabilities and Partners' Capital LiabilitiesAndStockholdersEquity $9.14B USD Point-in-time
Total Liabilities and Partners' Capital LiabilitiesAndStockholdersEquity $9.19B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Transportation TransportationRevenue $298.90M USD 1 Quarter
Transportation TransportationRevenue $306.40M USD 1 Quarter
Storage, parking and lending StorageParkingAndLendingRevenue $23.40M USD 1 Quarter
Storage, parking and lending StorageParkingAndLendingRevenue $24.00M USD 1 Quarter
Other OtherRevenue $16.90M USD 1 Quarter
Other OtherRevenue $16.10M USD 1 Quarter
Total operating revenues Revenues $345.90M USD 1 Quarter
Total operating revenues Revenues $339.80M USD 1 Quarter
Fuel and transportation FuelandTransportation $6.50M USD 1 Quarter
Fuel and transportation FuelandTransportation $2.60M USD 1 Quarter
Operation and maintenance UtilitiesOperatingExpenseMaintenanceAndOperations $45.70M USD 1 Quarter
Operation and maintenance UtilitiesOperatingExpenseMaintenanceAndOperations $43.00M USD 1 Quarter
Administrative and general GeneralAndAdministrativeExpense $33.20M USD 1 Quarter
Administrative and general GeneralAndAdministrativeExpense $36.10M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $87.70M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $85.80M USD 1 Quarter
Taxes other than income taxes TaxesExcludingIncomeAndExciseTaxes $28.20M USD 1 Quarter
Taxes other than income taxes TaxesExcludingIncomeAndExciseTaxes $31.60M USD 1 Quarter
Total operating costs and expenses OperatingExpenses $192.80M USD 1 Quarter
Total operating costs and expenses OperatingExpenses $207.60M USD 1 Quarter
Operating income OperatingIncomeLoss $132.20M USD 1 Quarter
Operating income OperatingIncomeLoss $153.10M USD 1 Quarter
Interest expense InterestExpense $42.30M USD 1 Quarter
Interest expense InterestExpense $45.30M USD 1 Quarter
Interest income InvestmentIncomeInterest - USD 1 Quarter
Interest income InvestmentIncomeInterest $300.00K USD 1 Quarter
Miscellaneous other income, net OtherNonoperatingIncomeExpense $200.00K USD 1 Quarter
Miscellaneous other income, net OtherNonoperatingIncomeExpense $1.20M USD 1 Quarter
Total other deductions NonoperatingIncomeExpense $-41.10M USD 1 Quarter
Total other deductions NonoperatingIncomeExpense $-44.80M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $108.30M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $91.10M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $100.00K USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $200.00K USD 1 Quarter
Net income NetIncomeLoss $108.10M USD 1 Quarter
Net income NetIncomeLoss $91.00M USD 1 Quarter
Cash Flow Statement 50 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $108.10M USD 1 Quarter
Net income NetIncomeLoss $91.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $87.70M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $85.80M USD 1 Quarter
Amortization of deferred costs and other Amortizationofdeferredcostsandother $2.30M USD 1 Quarter
Amortization of deferred costs and other Amortizationofdeferredcostsandother $5.40M USD 1 Quarter
Trade and other receivables IncreaseDecreaseInAccountsAndOtherReceivables $200.00K USD 1 Quarter
Trade and other receivables IncreaseDecreaseInAccountsAndOtherReceivables $-19.80M USD 1 Quarter
Gas receivables and storage assets IncreaseDecreaseInGasImbalanceReceivable $2.90M USD 1 Quarter
Gas receivables and storage assets IncreaseDecreaseInGasImbalanceReceivable $6.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $300.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-3.80M USD 1 Quarter
Trade and other payables IncreaseDecreaseInAccountsPayable $-14.40M USD 1 Quarter
Trade and other payables IncreaseDecreaseInAccountsPayable $-12.20M USD 1 Quarter
Gas payables IncreaseDecreaseInBalancingAccountUtility $2.90M USD 1 Quarter
Gas payables IncreaseDecreaseInBalancingAccountUtility $2.70M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-26.60M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-40.00M USD 1 Quarter
Increase (Decrease) in Regulatory Assets and Liabilities IncreaseDecreaseInRegulatoryAssetsAndLiabilities $-7.60M USD 1 Quarter
Increase (Decrease) in Regulatory Assets and Liabilities IncreaseDecreaseInRegulatoryAssetsAndLiabilities $5.10M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $4.90M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $1.50M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $166.40M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $148.40M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $100.80M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $74.00M USD 1 Quarter
Proceeds from sale of operating assets ProceedsFromSaleOfProductiveAssets $300.00K USD 1 Quarter
Proceeds from sale of operating assets ProceedsFromSaleOfProductiveAssets $100.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-100.50M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-73.90M USD 1 Quarter
Proceeds from borrowings on revolving credit agreement ProceedsFromLongTermLinesOfCredit $200.00M USD 1 Quarter
Proceeds from borrowings on revolving credit agreement ProceedsFromLongTermLinesOfCredit $125.00M USD 1 Quarter
Repayment of borrowings on revolving credit agreement RepaymentsOfLongTermLinesOfCredit $220.00M 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 $200.00K USD 1 Quarter
Distributions paid PaymentsOfDividendsCommonStock $25.60M USD 1 Quarter
Distributions paid PaymentsOfDividendsCommonStock - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-80.80M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-20.20M USD 1 Quarter
Increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $11.70M USD 1 Quarter
Increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $27.70M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $31.40M 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 $3.60M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $3.70M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $31.40M 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 $3.60M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $3.70M USD Point-in-time
Stockholders Equity 13 line items
Line Item Tag Value Unit Period
Beginning balance PartnersCapital $5.15B USD Point-in-time
Beginning balance PartnersCapital $4.95B USD Point-in-time
Beginning balance PartnersCapital $4.86B USD Point-in-time
Beginning balance PartnersCapital $5.06B USD Point-in-time
Net income NetIncomeLoss $108.10M USD 1 Quarter
Net income NetIncomeLoss $91.00M USD 1 Quarter
Distributions paid PartnersCapitalAccountDistributions $25.60M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $1.00M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $800.00K USD 1 Quarter
Ending balance PartnersCapital $5.15B USD Point-in-time
Ending balance PartnersCapital $4.95B USD Point-in-time
Ending balance PartnersCapital $4.86B USD Point-in-time
Ending balance PartnersCapital $5.06B 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 $91.00M 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 $-200.00K USD 1 Quarter
Pension and other postretirement benefit costs, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-800.00K USD 1 Quarter
Pension and other postretirement benefit costs, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-500.00K USD 1 Quarter
Total Comprehensive Income ComprehensiveIncomeNetOfTax $108.90M USD 1 Quarter
Total Comprehensive Income ComprehensiveIncomeNetOfTax $92.00M USD 1 Quarter

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

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