$KMI
KINDER MORGAN, INC.

2023 Q4 Form 10-Q Financial Statement

#000150630723000118 Filed on October 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $4.038B $3.907B
YoY Change -11.81% -24.53%
Cost Of Revenue $2.092B $2.143B
YoY Change -21.23% -21.13%
Gross Profit $1.946B $1.764B
YoY Change 1.2% -28.29%
Gross Profit Margin 48.19% 45.15%
Selling, General & Admin $273.0M $268.0M
YoY Change 1.87% -2.55%
% of Gross Profit 14.03% 15.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $567.0M $561.0M
YoY Change 2.35% 1.81%
% of Gross Profit 29.14% 31.8%
Operating Expenses $844.0M $829.0M
YoY Change 2.8% 0.36%
Operating Profit $1.102B $938.0M
YoY Change 0.0% 0.75%
Interest Expense -$221.0M -$457.0M
YoY Change 18.18% 14.54%
% of Operating Profit -20.05% -48.72%
Other Income/Expense, Net -$56.00M -$238.0M
YoY Change 115.38% 17.82%
Pretax Income $824.0M $700.0M
YoY Change -7.52% -3.98%
Income Tax $206.0M $145.0M
% Of Pretax Income 25.0% 20.71%
Net Earnings $591.0M $532.0M
YoY Change -11.26% -7.64%
Net Earnings / Revenue 14.64% 13.62%
Basic Earnings Per Share $0.24
Diluted Earnings Per Share $0.27 $0.24
COMMON SHARES
Basic Shares Outstanding 2.223B shares 2.228B shares
Diluted Shares Outstanding 2.230B shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $83.00M $80.00M
YoY Change -88.86% -83.44%
Cash & Equivalents $83.00M $80.00M
Short-Term Investments
Other Short-Term Assets $207.0M $190.0M
YoY Change -31.91% -39.49%
Inventory $525.0M $565.0M
Prepaid Expenses
Receivables $1.588B $1.502B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.542B $2.433B
YoY Change -33.16% -36.29%
LONG-TERM ASSETS
Property, Plant & Equipment $37.30B $35.94B
YoY Change 4.77% 1.15%
Goodwill $20.12B $19.97B
YoY Change 0.78% 0.0%
Intangibles $1.957B $1.652B
YoY Change 8.18% -11.89%
Long-Term Investments $7.874B $7.674B
YoY Change 2.89% 2.8%
Other Assets $1.229B $1.194B
YoY Change -1.6% -10.49%
Total Long-Term Assets $68.48B $66.43B
YoY Change 3.32% 0.39%
TOTAL ASSETS
Total Short-Term Assets $2.542B $2.433B
Total Long-Term Assets $68.48B $66.43B
Total Assets $71.02B $68.86B
YoY Change 1.34% -1.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.366B $1.430B
YoY Change -5.4% -9.44%
Accrued Expenses $513.0M $387.0M
YoY Change -0.39% 18.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.049B $3.130B
YoY Change 19.62% 18.83%
Total Short-Term Liabilities $7.221B $6.251B
YoY Change 4.2% 1.68%
LONG-TERM LIABILITIES
Long-Term Debt $28.07B $27.87B
YoY Change -1.18% -4.25%
Other Long-Term Liabilities $2.615B $2.047B
YoY Change 30.23% -5.23%
Total Long-Term Liabilities $32.07B $31.03B
YoY Change 3.34% -2.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.221B $6.251B
Total Long-Term Liabilities $32.07B $31.03B
Total Liabilities $39.29B $37.28B
YoY Change 3.5% -1.52%
SHAREHOLDERS EQUITY
Retained Earnings -$10.69B -$10.65B
YoY Change 1.31% 0.56%
Common Stock $22.00M $22.00M
YoY Change 0.0% -4.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.31B $30.26B
YoY Change
Total Liabilities & Shareholders Equity $71.02B $68.86B
YoY Change 1.34% -1.61%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $591.0M $532.0M
YoY Change -11.26% -7.64%
Depreciation, Depletion And Amortization $567.0M $561.0M
YoY Change 2.35% 1.81%
Cash From Operating Activities $2.322B $1.286B
YoY Change 65.38% 40.55%
INVESTING ACTIVITIES
Capital Expenditures $615.0M $646.0M
YoY Change 28.93% -276.99%
Acquisitions
YoY Change
Other Investing Activities -$1.827B -$1.000M
YoY Change 1094.12% -99.8%
Cash From Investing Activities -$2.442B -$647.0M
YoY Change 287.62% -25.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 119.0M -1.062B
YoY Change -116.93% -502.27%
NET CHANGE
Cash From Operating Activities 2.322B 1.286B
Cash From Investing Activities -2.442B -647.0M
Cash From Financing Activities 119.0M -1.062B
Net Change In Cash -1.000M -423.0M
YoY Change -101.41% -238.24%
FREE CASH FLOW
Cash From Operating Activities $2.322B $1.286B
Capital Expenditures $615.0M $646.0M
Free Cash Flow $1.707B $640.0M
YoY Change 84.14% -50.0%

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CY2022Q4 us-gaap Debt Instrument Face Amount
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CY2023Q3 kmi Debt Fair Value Adjustments
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CY2022Q4 kmi Debt Fair Value Adjustments
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us-gaap Stock Repurchased During Period Value
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us-gaap Treasury Stock Acquired Average Cost Per Share
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us-gaap Common Stock Dividends Per Share Declared
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CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q3 us-gaap Revenue Not From Contract With Customer Other
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CY2023Q3 us-gaap Revenue Not From Contract With Customer
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CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q3 us-gaap Revenue Not From Contract With Customer Other
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CY2022Q3 us-gaap Revenue Not From Contract With Customer
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us-gaap Operating Lease Lease Income
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us-gaap Revenue Not From Contract With Customer
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us-gaap Revenues
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CY2023Q3 us-gaap Contract With Customer Asset Gross
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CY2022Q4 us-gaap Contract With Customer Asset Gross
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us-gaap Contract With Customer Asset Reclassified To Receivable
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CY2023Q3 us-gaap Contract With Customer Liability
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CY2022Q4 us-gaap Contract With Customer Liability
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us-gaap Contract With Customer Liability Revenue Recognized
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CY2023Q3 us-gaap Revenue Remaining Performance Obligation
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CY2023Q3 us-gaap Revenue Remaining Performance Obligation
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us-gaap Revenues
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CY2023Q3 us-gaap Assets
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CY2022Q4 us-gaap Assets
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CY2023Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2023Q3 us-gaap Litigation Reserve
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CY2022Q4 us-gaap Litigation Reserve
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CY2023Q3 us-gaap Accrual For Environmental Loss Contingencies
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CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies
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CY2023Q3 us-gaap Recorded Third Party Environmental Recoveries Receivable
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CY2022Q4 us-gaap Recorded Third Party Environmental Recoveries Receivable
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CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
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CY2023Q3 ecd Rule10b51 Arr Adopted Flag
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CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
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false

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