2018 Q4 Form 10-Q Financial Statement
#000156459018028429 Filed on November 08, 2018
Income Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q4 |
---|---|---|---|
Revenue | $2.598B | $2.986B | $2.703B |
YoY Change | -3.89% | 59.27% | 34.3% |
Cost Of Revenue | $2.009B | $2.384B | $2.168B |
YoY Change | -7.37% | 43.32% | 40.43% |
Gross Profit | $589.2M | $602.9M | $534.6M |
YoY Change | 10.21% | 28.63% | 14.08% |
Gross Profit Margin | 22.68% | 20.19% | 19.78% |
Selling, General & Admin | $80.00M | $63.20M | $53.90M |
YoY Change | 48.42% | 26.65% | 10.22% |
% of Gross Profit | 13.58% | 10.48% | 10.08% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $208.8M | $206.3M | $206.7M |
YoY Change | 1.02% | -0.96% | 6.49% |
% of Gross Profit | 35.44% | 34.22% | 38.66% |
Operating Expenses | $459.9M | $526.2M | $421.0M |
YoY Change | 9.24% | 27.01% | 9.86% |
Operating Profit | -$80.90M | $76.70M | $113.5M |
YoY Change | -171.28% | -123.7% | -216.29% |
Interest Expense | -$60.70M | -$78.20M | -$52.90M |
YoY Change | 14.74% | 39.39% | -24.54% |
% of Operating Profit | -101.96% | -46.61% | |
Other Income/Expense, Net | $21.00M | $300.0K | -$25.90M |
YoY Change | -181.08% | 50.0% | |
Pretax Income | -$120.4M | -$15.10M | $34.40M |
YoY Change | -450.0% | -94.02% | -114.49% |
Income Tax | -$32.20M | -$3.900M | $4.700M |
% Of Pretax Income | 13.66% | ||
Net Earnings | -$88.40M | -$23.70M | $299.2M |
YoY Change | -129.55% | -85.86% | -312.8% |
Net Earnings / Revenue | -3.4% | -0.79% | 11.07% |
Basic Earnings Per Share | -$0.60 | -$0.24 | $1.17 |
Diluted Earnings Per Share | -$0.60 | -$0.24 | $1.05 |
COMMON SHARES | |||
Basic Shares Outstanding | 229.3M | 226.5M | |
Diluted Shares Outstanding | 226.5M |
Balance Sheet
Concept | 2018 Q4 | 2018 Q3 | 2017 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $232.0M | $203.0M | $137.0M |
YoY Change | 69.34% | 78.07% | 85.14% |
Cash & Equivalents | $232.1M | $203.2M | $137.2M |
Short-Term Investments | |||
Other Short-Term Assets | $41.30M | $82.80M | $62.70M |
YoY Change | -34.13% | -20.38% | 72.25% |
Inventory | $164.7M | $177.9M | $204.5M |
Prepaid Expenses | |||
Receivables | $865.5M | $1.037B | $827.6M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.419B | $1.726B | $1.270B |
YoY Change | 11.73% | 43.75% | 26.13% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $12.93B | $12.08B | $10.43B |
YoY Change | 23.95% | 19.98% | 7.63% |
Goodwill | $46.60M | $256.6M | $256.6M |
YoY Change | -81.84% | 22.19% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $490.5M | $441.5M | $221.6M |
YoY Change | 121.34% | 98.87% | -7.97% |
Other Assets | $36.50M | $25.70M | $21.50M |
YoY Change | 69.77% | -26.57% | -66.14% |
Total Long-Term Assets | $15.52B | $14.84B | $13.12B |
YoY Change | 18.3% | 15.99% | 10.57% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.419B | $1.726B | $1.270B |
Total Long-Term Assets | $15.52B | $14.84B | $13.12B |
Total Assets | $16.94B | $16.57B | $14.39B |
YoY Change | 17.72% | 18.37% | 11.79% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $722.0M | $976.0M | $712.0M |
YoY Change | 1.4% | 62.4% | 24.04% |
Accrued Expenses | $137.0M | $132.0M | $107.0M |
YoY Change | 28.04% | 51.72% | 18.89% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $1.028B | $290.0M | $350.0M |
YoY Change | 193.71% | -45.08% | 27.27% |
Total Short-Term Liabilities | $2.799B | $2.556B | $1.617B |
YoY Change | 73.09% | 56.55% | 38.49% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $5.632B | $5.679B | $4.779B |
YoY Change | 17.86% | 27.64% | 3.76% |
Other Long-Term Liabilities | $262.2M | $270.6M | $541.0M |
YoY Change | -51.53% | -37.51% | 151.51% |
Total Long-Term Liabilities | $5.895B | $5.950B | $5.320B |
YoY Change | 10.8% | 21.87% | 10.35% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.799B | $2.556B | $1.617B |
Total Long-Term Liabilities | $5.895B | $5.950B | $5.320B |
Total Liabilities | $8.693B | $8.506B | $8.012B |
YoY Change | 8.5% | 9.15% | 33.79% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$130.4M | -$23.80M | -$77.20M |
YoY Change | 68.91% | -58.78% | |
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $39.60M | $39.60M | $35.60M |
YoY Change | 11.24% | 10.56% | |
Treasury Stock Shares | $665.8K | $665.7K | $585.6K |
Shareholders Equity | $6.079B | $6.081B | $6.160B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $16.94B | $16.57B | $14.39B |
YoY Change | 17.72% | 18.37% | 11.79% |
Cashflow Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$88.40M | -$23.70M | $299.2M |
YoY Change | -129.55% | -85.86% | -312.8% |
Depreciation, Depletion And Amortization | $208.8M | $206.3M | $206.7M |
YoY Change | 1.02% | -0.96% | 6.49% |
Cash From Operating Activities | $229.4M | $370.9M | $407.6M |
YoY Change | -43.72% | 450.3% | 47.31% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.081B | -$871.1M | -$430.9M |
YoY Change | 150.92% | 156.96% | 214.3% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $127.1M | -$84.80M | -$4.300M |
YoY Change | -3055.81% | 756.57% | -960.0% |
Cash From Investing Activities | -$954.1M | -$955.9M | -$435.2M |
YoY Change | 119.23% | 173.98% | 218.59% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 753.6M | 506.6M | 50.70M |
YoY Change | 1386.39% | 70.63% | -124.41% |
NET CHANGE | |||
Cash From Operating Activities | 229.4M | 370.9M | 407.6M |
Cash From Investing Activities | -954.1M | -955.9M | -435.2M |
Cash From Financing Activities | 753.6M | 506.6M | 50.70M |
Net Change In Cash | 28.90M | -78.40M | 23.10M |
YoY Change | 25.11% | -609.09% | -134.17% |
FREE CASH FLOW | |||
Cash From Operating Activities | $229.4M | $370.9M | $407.6M |
Capital Expenditures | -$1.081B | -$871.1M | -$430.9M |
Free Cash Flow | $1.311B | $1.242B | $838.5M |
YoY Change | 56.3% | 205.61% | 102.63% |
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Document Period End Date
DocumentPeriodEndDate
|
2018-09-30 | ||
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
12080900000 | |
CY2017Q3 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
378000000 | |
CY2017Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
208300000 | |
CY2018Q3 | us-gaap |
Assets Current
AssetsCurrent
|
1726400000 | |
CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1269900000 | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
14205400000 | |
CY2017Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3775400000 | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
10430000000 | |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2165800000 | |
CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
256600000 | |
CY2018Q3 | trgp |
Derivative Asset Before Effects Of Master Netting Arrangements Noncurrent
DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent
|
8400000 | |
CY2017Q4 | trgp |
Derivative Asset Before Effects Of Master Netting Arrangements Noncurrent
DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent
|
23200000 | |
CY2017Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
221600000 | |
CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
21500000 | |
CY2017Q4 | us-gaap |
Assets
Assets
|
14388600000 | |
CY2017Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1186900000 | |
CY2017Q4 | trgp |
Derivative Liability Before Effects Of Master Netting Arrangements Current
DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent
|
79700000 | |
CY2018Q3 | trgp |
Debt Current Net Of Issuance Cost
DebtCurrentNetOfIssuanceCost
|
290000000 | |
CY2017Q4 | trgp |
Debt Current Net Of Issuance Cost
DebtCurrentNetOfIssuanceCost
|
350000000 | |
CY2018Q3 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
1700000 | |
CY2017Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
0 | |
CY2018Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
16569100000 | |
CY2018Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2018Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2986400000 | |
CY2017Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2131800000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7886300000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6112100000 | ||
CY2017Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1663100000 | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
6229700000 | ||
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
4737800000 | ||
CY2018Q3 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
194900000 | |
CY2017Q3 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
155500000 | |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
538700000 | ||
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
462700000 | ||
CY2018Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
206300000 | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
378000000 | ||
CY2017Q3 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-600000 | |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-15700000 | ||
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-17200000 | ||
CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-323600000 | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
318200000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-235900000 | ||
CY2018Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-78200000 | |
CY2017Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-56100000 | |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-124200000 | ||
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-181200000 | ||
CY2017Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
200000 | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
6400000 | ||
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-16600000 | ||
us-gaap |
Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
|
-2000000 | ||
us-gaap |
Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
|
-16500000 | ||
CY2017Q3 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-126800000 | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-90800000 | ||
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
12100000 | ||
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-125600000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-2700000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-327300000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-132300000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-195000000 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
34300000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-229300000 | ||
us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
68800000 | ||
trgp |
Deemed Preferred Stock Dividend
DeemedPreferredStockDividend
|
19000000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-317100000 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
2.73 | ||
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-115700000 | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-104700000 | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-27800000 | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-39700000 | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-87900000 | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-65000000 | |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-99100000 | |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
12500000 | |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-111600000 | |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-232600000 | |
us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-119700000 | ||
us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-8300000 | ||
us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-3100000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-5200000 | ||
us-gaap |
Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
|
40700000 | ||
trgp |
Distribution Equivalent Rights
DistributionEquivalentRights
|
10300000 | ||
us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
4000000 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
572000000 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
604400000 | ||
us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
1100000 | ||
us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
100000 | ||
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
5724400000 | |
us-gaap |
New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
|
56100000 | ||
us-gaap |
Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
|
31700000 | ||
trgp |
Distribution Equivalent Rights
DistributionEquivalentRights
|
7000000 | ||
us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
3100000 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1558400000 | ||
trgp |
Deemed Preferred Stock Dividend Accretion Of Beneficial Conversion Feature
DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature
|
19000000 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
553200000 | ||
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
41800000 | ||
trgp |
Contributions From Non Controlling Interest
ContributionsFromNonControllingInterest
|
93800000 | ||
us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
25900000 | ||
CY2017Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6545400000 | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
8100000 | ||
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
8800000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
40700000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
31700000 | ||
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
2800000 | ||
us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
3000000 | ||
us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
66300000 | ||
us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
-8500000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
37700000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-132600000 | ||
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
16000000 | ||
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
8400000 | ||
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-9600000 | ||
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-7200000 | ||
us-gaap |
Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
|
-14300000 | ||
us-gaap |
Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
|
-16600000 | ||
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
225300000 | ||
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-67800000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
16600000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
136400000 | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
330200000 | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-44400000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
914600000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
531900000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2033600000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
866600000 | ||
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
570800000 | ||
us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
71500000 | ||
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
223700000 | ||
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
7500000 | ||
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
2200000 | ||
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
2200000 | ||
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
9200000 | ||
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
14800000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2192800000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1457500000 | ||
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
1275000000 | ||
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
2406000000 | ||
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
1295000000 | ||
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
1966000000 | ||
us-gaap |
Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
|
440000000 | ||
us-gaap |
Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
|
281600000 | ||
us-gaap |
Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
|
500000000 | ||
us-gaap |
Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
|
278500000 | ||
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
1000000000 | ||
us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
447600000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
576500000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1573400000 | ||
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
23300000 | ||
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
15100000 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
4000000 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
3100000 | ||
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
100000 | ||
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
12500000 | ||
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
611700000 | ||
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
93800000 | ||
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
51600000 | ||
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
33400000 | ||
us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
8400000 | ||
us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
8400000 | ||
us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
676600000 | ||
us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
624000000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1344200000 | ||
us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
48100000 | ||
CY2017Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
21700000 | |
trgp |
Contribution Of Property Plant And Equipment To Investment In Unconsolidated Affiliates
ContributionOfPropertyPlantAndEquipmentToInvestmentInUnconsolidatedAffiliates
|
16000000 | ||
CY2018Q3 | trgp |
Outstanding Checks
OutstandingChecks
|
54300000 | |
CY2018Q3 | us-gaap |
Gas Purchase Payable Current
GasPurchasePayableCurrent
|
975500000 | |
CY2018Q1 | trgp |
Fractionation Related Infrastructure Funded And Owned Percentage
FractionationRelatedInfrastructureFundedAndOwnedPercentage
|
1.00 | |
CY2017Q4 | us-gaap |
Gas Purchase Payable Current
GasPurchasePayableCurrent
|
711500000 | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
966200000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
66000000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
40600000 | ||
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
137200000 | |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
73500000 | |
CY2018Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
203200000 | |
CY2017Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
114100000 | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Note 1 — Organization and Operations</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Our Organization</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Targa Resources Corp. (“TRC”) is a publicly traded Delaware corporation formed in October 2005. Our common stock is listed on the New York Stock Exchange under the symbol “TRGP.” In this Quarterly Report, unless the context requires otherwise, references to “we,” “us,” “our,” “the Company” or “Targa” are intended to mean our consolidated business and operations.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Our Operations</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company is engaged in the business of: </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">gathering, compressing, treating, processing and selling natural gas;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to LPG exporters;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">gathering, storing, terminaling and selling crude oil; and </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">storing, terminaling and selling refined petroleum products.</p></td></tr></table></div> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">See Note 22 – Segment Information for certain financial information regarding our business segments.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:4.5pt;"> </p></div> | ||
CY2018Q3 | us-gaap |
Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
|
8800000 | |
CY2018Q3 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
518700000 | |
CY2017Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
289700000 | |
trgp |
Contract With Customer Liability Increase From Cash Receipts
ContractWithCustomerLiabilityIncreaseFromCashReceipts
|
43100000 | ||
CY2018Q3 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
29900000 | |
CY2017Q4 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
24500000 | |
CY2018Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
84000000 | |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
2900000 | ||
CY2017Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
54400000 | |
CY2018Q3 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
90400000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
159400000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
149500000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
141200000 | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
136200000 | ||
CY2018Q2 | trgp |
Selling Price Of Inland Marine Barge Business
SellingPriceOfInlandMarineBargeBusiness
|
69300000 | |
CY2017Q4 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
27100000 | |
CY2018Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
47700000 | |
CY2017Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
52800000 | |
CY2018Q3 | trgp |
Preferred Stock Dividends Payable Current
PreferredStockDividendsPayableCurrent
|
22900000 | |
CY2017Q4 | trgp |
Preferred Stock Dividends Payable Current
PreferredStockDividendsPayableCurrent
|
22900000 | |
CY2018Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
20200000 | |
trgp |
Number Of Tranches
NumberOfTranches
|
2 | ||
CY2018Q3 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
22900000 | |
us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
68800000 | ||
us-gaap |
Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
|
23.75 | ||
us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2018-11-14 | ||
CY2018Q3 | us-gaap |
Disposal Group Including Discontinued Operation Inventory Current
DisposalGroupIncludingDiscontinuedOperationInventoryCurrent
|
5500000 | |
CY2018Q3 | us-gaap |
Disposal Group Including Discontinued Operation Property Plant And Equipment Current
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentCurrent
|
151400000 | |
CY2018Q3 | us-gaap |
Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilitiesCurrent
|
1700000 | |
CY2018Q3 | us-gaap |
Energy Related Inventory
EnergyRelatedInventory
|
163300000 | |
CY2017Q4 | us-gaap |
Energy Related Inventory
EnergyRelatedInventory
|
191600000 | |
CY2018Q3 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
14600000 | |
CY2017Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
12900000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2736600000 | |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2736600000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
707000000 | |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
570800000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
182600000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
171600000 | |
CY2017Q4 | trgp |
Outstanding Checks
OutstandingChecks
|
50400000 | |
CY2018Q3 | us-gaap |
Collateralized Financings
CollateralizedFinancings
|
290000000 | |
CY2017Q4 | us-gaap |
Collateralized Financings
CollateralizedFinancings
|
350000000 | |
CY2018Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
5712900000 | |
CY2017Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
4733000000 | |
CY2018Q3 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
34000000 | |
CY2017Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
30000000 | |
CY2018Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
5968900000 | |
CY2017Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
5053000000 | |
CY2018Q3 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
76600000 | |
CY2017Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
27200000 | |
CY2018Q3 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
54000000 | |
CY2017Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
50800000 | |
CY2018Q3 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
10300000 | |
CY2017Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
76200000 | |
CY2018Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
176400000 | |
CY2017Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
136200000 | |
CY2018Q3 | trgp |
Price Risk Cash Flow Hedge Gain Loss Expected To Reclassify Into Earnings
PriceRiskCashFlowHedgeGainLossExpectedToReclassifyIntoEarnings
|
164900000 | |
trgp |
Non Cash Balance Sheet Movements Related To Accounts Payable And Accrued Liabilities Held For Sale
NonCashBalanceSheetMovementsRelatedToAccountsPayableAndAccruedLiabilitiesHeldForSale
|
-1700000 | ||
CY2018Q3 | us-gaap |
Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months
|
106600000 | |
CY2018Q3 | trgp |
Number Of Natural Gas Basis Swaps Categorized As Level3
NumberOfNaturalGasBasisSwapsCategorizedAsLevel3
|
16 | |
CY2018Q3 | trgp |
Derivative Fair Value Of Asset Liability Net If Commodity Price Increases By10 Percent
DerivativeFairValueOfAssetLiabilityNetIfCommodityPriceIncreasesBy10Percent
|
-281700000 | |
CY2018Q3 | trgp |
Derivative Fair Value Of Asset Liability Net If Commodity Price Decreases By10 Percent
DerivativeFairValueOfAssetLiabilityNetIfCommodityPriceDecreasesBy10Percent
|
-69900000 | |
CY2018Q3 | us-gaap |
Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
|
-61100000 | |
CY2017Q3 | us-gaap |
Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
|
-300000 | |
CY2018Q3 | us-gaap |
Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
|
400000 | |
CY2017Q3 | us-gaap |
Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
|
300000 | |
us-gaap |
Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
|
1000000 | ||
us-gaap |
Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
|
600000 | ||
CY2018Q3 | us-gaap |
Other Expenses
OtherExpenses
|
300000 | |
us-gaap |
Other Expenses
OtherExpenses
|
400000 | ||
CY2018Q2 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
48100000 | |
trgp |
Noncash Related To Investing And Financing Additional Paid In Capital
NoncashRelatedToInvestingAndFinancingAdditionalPaidInCapital
|
-13700000 | ||
trgp |
Noncash Related To Investing And Financing Deferred Tax Liability
NoncashRelatedToInvestingAndFinancingDeferredTaxLiability
|
13700000 | ||
us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
540000000 | ||
us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
|
0.98 | ||
us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.02 | ||
CY2015Q4 | us-gaap |
Preferred Units Issued
PreferredUnitsIssued
|
5000000 | |
CY2018Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
30300000 | |
CY2017Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
29400000 | |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
90300000 | ||
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
87800000 | ||
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1700000 | ||
CY2018Q3 | trgp |
Derivative Asset Before Effects Of Master Netting Arrangements
DerivativeAssetBeforeEffectsOfMasterNettingArrangements
|
68000000 | |
CY2017Q4 | trgp |
Derivative Asset Before Effects Of Master Netting Arrangements
DerivativeAssetBeforeEffectsOfMasterNettingArrangements
|
61100000 | |
CY2018Q3 | trgp |
Derivative Liability Before Effects Of Master Netting Arrangements
DerivativeLiabilityBeforeEffectsOfMasterNettingArrangements
|
243800000 | |
CY2017Q4 | trgp |
Derivative Liability Before Effects Of Master Netting Arrangements
DerivativeLiabilityBeforeEffectsOfMasterNettingArrangements
|
99300000 | |
CY2018Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
68000000 | |
CY2017Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
61100000 | |
CY2018Q3 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
243800000 | |
CY2017Q4 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
99300000 | |
CY2018Q3 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
148100000 | |
CY2017Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
43900000 | |
CY2017Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
28600000 | |
CY2018Q3 | trgp |
Derivative Collateral Obligation Right To Return Reclaim Securities
DerivativeCollateralObligationRightToReturnReclaimSecurities
|
39000000 | |
CY2017Q4 | trgp |
Derivative Collateral Obligation Right To Return Reclaim Securities
DerivativeCollateralObligationRightToReturnReclaimSecurities
|
22900000 | |
CY2018Q3 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
-175800000 | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
149600000 | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
164100000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-500000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-67400000 | ||
trgp |
Non Cash Adjustment To Line Fill
NonCashAdjustmentToLineFill
|
39400000 | ||
trgp |
Non Cash Adjustment To Line Fill
NonCashAdjustmentToLineFill
|
8300000 | ||
trgp |
Transfers From Materials And Supplies To Property Plant And Equipment
TransfersFromMaterialsAndSuppliesToPropertyPlantAndEquipment
|
8900000 | ||
trgp |
Transfers From Materials And Supplies To Property Plant And Equipment
TransfersFromMaterialsAndSuppliesToPropertyPlantAndEquipment
|
2800000 | ||
trgp |
Contribution Of Property Plant And Equipment To Investment In Unconsolidated Affiliates
ContributionOfPropertyPlantAndEquipmentToInvestmentInUnconsolidatedAffiliates
|
1000000 | ||
us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
1200000 | ||
us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
3100000 | ||
CY2018Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
10300000 | |
CY2017Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
7000000 | |
us-gaap |
New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
|
5200000 | ||
trgp |
Non Cash Balance Sheet Movements Related To Trade Receivables Held For Sale
NonCashBalanceSheetMovementsRelatedToTradeReceivablesHeldForSale
|
8800000 | ||
trgp |
Non Cash Balance Sheet Movements Related To Inventories Held For Sale
NonCashBalanceSheetMovementsRelatedToInventoriesHeldForSale
|
5500000 | ||
trgp |
Non Cash Balance Sheet Movements Related To Property Plant And Equipment Net Held For Sale
NonCashBalanceSheetMovementsRelatedToPropertyPlantAndEquipmentNetHeldForSale
|
151400000 | ||
trgp |
Tax Cuts And Jobs Act Of2017 Incomplete Accounting Tax Deductions For Interest Expense To Adjusted Taxable Income
TaxCutsAndJobsActOf2017IncompleteAccountingTaxDeductionsForInterestExpenseToAdjustedTaxableIncome
|
0.30 | ||
CY2018Q3 | trgp |
Tax Cuts And Jobs Act Of2017 Incomplete Accounting Percentage Of Net Operating Losses
TaxCutsAndJobsActOf2017IncompleteAccountingPercentageOfNetOperatingLosses
|
0.80 | |
CY2017Q3 | trgp |
Noncash Additional Paid In Capital
NoncashAdditionalPaidInCapital
|
300000 | |
CY2017Q3 | trgp |
Noncash Deferred Tax Liabilities Noncurrent
NoncashDeferredTaxLiabilitiesNoncurrent
|
-300000 | |
trgp |
Noncash Noncontrolling Interest Increase From Business Combination
NoncashNoncontrollingInterestIncreaseFromBusinessCombination
|
1100000 | ||
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
30800000 | ||
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
8300000 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | ||
CY2018Q3 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
1017700000 | |
CY2017Q3 | trgp |
Operating Margin
OperatingMargin
|
313200000 | |
CY2017Q3 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
378700000 | |
trgp |
Operating Margin
OperatingMargin
|
1117900000 | ||
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
2310400000 | ||
trgp |
Operating Margin
OperatingMargin
|
911600000 | ||
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
987700000 | ||
CY2018Q3 | us-gaap |
Revenues
Revenues
|
2679000000 | |
CY2017Q3 | us-gaap |
Revenues
Revenues
|
1875100000 | |
us-gaap |
Revenues
Revenues
|
7055000000 | ||
us-gaap |
Revenues
Revenues
|
5358000000 | ||
CY2018Q3 | trgp |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
-24900000 | |
CY2017Q3 | trgp |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
-3600000 | |
trgp |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
-73600000 | ||
trgp |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
-4900000 | ||
CY2018Q3 | trgp |
Other Operating And Non Operating Income Expense Net
OtherOperatingAndNonOperatingIncomeExpenseNet
|
-58800000 | |
CY2017Q3 | trgp |
Other Operating And Non Operating Income Expense Net
OtherOperatingAndNonOperatingIncomeExpenseNet
|
-200000 | |
trgp |
Other Operating And Non Operating Income Expense Net
OtherOperatingAndNonOperatingIncomeExpenseNet
|
-11300000 | ||
trgp |
Other Operating And Non Operating Income Expense Net
OtherOperatingAndNonOperatingIncomeExpenseNet
|
-53100000 | ||
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 |