10-Q Filing

TARGA RESOURCES CORP. CIK: 1389170 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-024819`
Period End Date	20210331
Filing Date	20210506
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	trgp-10q_20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 45 Cash Flow Statement 78 Stockholders Equity 35 Comprehensive Income 14

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.90M	USD	Point-in-time
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$100.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$248.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$242.80M	USD	Point-in-time
Trade receivables, net of allowances of $4.9 and $0.1 million at March 31, 2021 and December 31, 2020	`AccountsReceivableNetCurrent`	$997.10M	USD	Point-in-time
Trade receivables, net of allowances of $4.9 and $0.1 million at March 31, 2021 and December 31, 2020	`AccountsReceivableNetCurrent`	$862.80M	USD	Point-in-time
Inventories	`InventoryNet`	$51.60M	USD	Point-in-time
Inventories	`InventoryNet`	$181.50M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$83.20M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$85.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$87.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$28.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.46B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.41B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$12.17B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$12.06B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.35B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.38B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$49.30M	USD	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$41.30M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	235.67M	shares	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$714.00M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$695.70M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	234.79M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$96.10M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	228.65M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$92.30M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	228.06M	shares	Point-in-time
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$15.65B	USD	Point-in-time
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$15.88B	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	98.80M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	98.80M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$947.70M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$833.80M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	6.73M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$204.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$186.40M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	7.02M	shares	Point-in-time
Distributions payable	`DistributionsPayableCurrent`	$115.40M	USD	Point-in-time
Distributions payable	`DistributionsPayableCurrent`	$93.30M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$132.60M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$86.80M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$151.20M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$142.60M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$282.00M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$368.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.76B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.78B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$7.09B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$7.39B	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$63.60M	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$43.40M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$152.10M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$161.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$309.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$295.70M	USD	Point-in-time
Contingencies (see Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (see Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock value	`CommonStockValueOutstanding`	$200.00K	USD	Point-in-time
Common stock value	`CommonStockValueOutstanding`	$200.00K	USD	Point-in-time
Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, no shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, no shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.36B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.84B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.89B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.75B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-141.80M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-158.40M	USD	Point-in-time
Treasury stock, at cost (7,015,840 shares as of March 31, 2021 and 6,731,035 shares as of December 31, 2020)	`TreasuryStockValue`	$159.50M	USD	Point-in-time
Treasury stock, at cost (7,015,840 shares as of March 31, 2021 and 6,731,035 shares as of December 31, 2020)	`TreasuryStockValue`	$150.90M	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.30B	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.65B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.25B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.23B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.52B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.37B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$15.65B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$15.88B	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$2.05B	USD	1 Quarter
Total revenues	`Revenues`	$3.63B	USD	1 Quarter
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$1.20B	USD	1 Quarter
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$2.84B	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$180.80M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$171.10M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$216.20M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$239.10M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$61.40M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$60.50M	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.44B	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-1.10M	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-3.60M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-2.08B	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$344.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-98.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-98.40M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$20.60M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$11.80M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-14.70M	USD	1 Quarter
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$39.30M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$100.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.12B	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$242.90M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$15.00M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-295.30M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.82B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$227.90M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$81.50M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-82.50M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-1.74B	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$146.40M	USD	1 Quarter
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$21.80M	USD	1 Quarter
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$9.00M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$124.60M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.77B	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-7.60	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-7.60	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	233.00M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	228.50M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.00M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	274.70M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-1.82B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$227.90M	USD	1 Quarter
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$2.70M	USD	1 Quarter
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$2.80M	USD	1 Quarter
Compensation on equity grants	`ShareBasedCompensation`	$15.00M	USD	1 Quarter
Compensation on equity grants	`ShareBasedCompensation`	$17.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$216.20M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$239.10M	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.44B	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$900.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$700.00K	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$14.50M	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-278.40M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$20.60M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$11.80M	USD	1 Quarter
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$24.30M	USD	1 Quarter
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$21.10M	USD	1 Quarter
Risk management activities	`UnrealizedGainLossOnDerivatives`	$115.50M	USD	1 Quarter
Risk management activities	`UnrealizedGainLossOnDerivatives`	$1.50M	USD	1 Quarter
(Gain) loss on sale or disposition of business and assets	`GainLossOnDispositionOfAssets1`	$-600.00K	USD	1 Quarter
Write-downs of assets	`WriteDownsOfAsset`	$3.50M	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-14.70M	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$39.30M	USD	1 Quarter
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$41.90M	USD	1 Quarter
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-383.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-62.30M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-139.90M	USD	1 Quarter
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$121.20M	USD	1 Quarter
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$-425.20M	USD	1 Quarter
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$-45.80M	USD	1 Quarter
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$-17.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$452.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$679.80M	USD	1 Quarter
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$96.20M	USD	1 Quarter
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$341.70M	USD	1 Quarter
Proceeds from sale of business and assets	`ProceedsFromSaleOfProductiveAssets`	$134.80M	USD	1 Quarter
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$1.40M	USD	1 Quarter
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$2.80M	USD	1 Quarter
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$5.90M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-300.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-201.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.00M	USD	1 Quarter
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$790.00M	USD	1 Quarter
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$65.00M	USD	1 Quarter
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$430.00M	USD	1 Quarter
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$825.00M	USD	1 Quarter
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$130.00M	USD	1 Quarter
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$350.00M	USD	1 Quarter
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$430.00M	USD	1 Quarter
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$231.90M	USD	1 Quarter
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.00B	USD	1 Quarter
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$548.10M	USD	1 Quarter
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$122.10M	USD	1 Quarter
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$3.10M	USD	1 Quarter
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$3.10M	USD	1 Quarter
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$9.00M	USD	1 Quarter
Repurchase of shares and units under compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.60M	USD	1 Quarter
Repurchase of shares and units under compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.10M	USD	1 Quarter
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$2.00M	USD	1 Quarter
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$10.60M	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$129.30M	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$105.10M	USD	1 Quarter
Distributions to Partnership unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$2.80M	USD	1 Quarter
Dividends paid to common and Series A Preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$239.10M	USD	1 Quarter
Dividends paid to common and Series A Preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$48.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-206.60M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-584.10M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$44.10M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.70M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$242.80M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$375.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$331.10M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$242.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$375.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$331.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.50M	USD	Point-in-time

Stockholders Equity 35 line items

Line Item	Tag	Value	Unit	Period
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$23.75	USD	1 Quarter
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$23.75	USD	1 Quarter
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.91	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.52B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.37B	USD	Point-in-time
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$17.00M	USD	1 Quarter
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$15.00M	USD	1 Quarter
Distribution equivalent rights	`DistributionEquivalentRights`	$2.30M	USD	1 Quarter
Distribution equivalent rights	`DistributionEquivalentRights`	$400.00K	USD	1 Quarter
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.10M	USD	1 Quarter
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.60M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$21.80M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$9.00M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$22.90M	USD	1 Quarter
Common stock dividends	`DividendsCommonStock`	$212.30M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$107.10M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$104.00M	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$2.00M	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$10.60M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-16.60M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$75.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.82B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$227.90M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.52B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.37B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.52B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.37B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-1.82B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$227.90M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-21.80M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$99.00M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$23.10M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-5.20M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$75.90M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-16.60M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.74B	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$211.30M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-82.50M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$81.50M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-1.66B	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$129.80M	USD	1 Quarter

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