2014 Q4 Form 8-K Financial Statement

#000142390216000061 Filed on June 10, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4 2013
Revenue $366.7M $334.8M $1.200B
YoY Change 9.53% 45.0% 34.16%
Cost Of Revenue $123.5M $103.1M $373.2M
YoY Change 19.79% 26.66% 11.04%
Gross Profit $243.2M $231.7M $712.3M
YoY Change 4.96% 54.98% 27.56%
Gross Profit Margin 66.32% 69.21% 59.36%
Selling, General & Admin $87.80M $95.80M $260.6M
YoY Change -8.35% -9.28% 0.42%
% of Gross Profit 36.1% 41.35% 36.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.30M $43.20M $172.9M
YoY Change 25.69% 15.82% 43.33%
% of Gross Profit 22.33% 18.64% 24.27%
Operating Expenses $139.7M $139.1M $410.3M
YoY Change 0.43% -2.66% 7.95%
Operating Profit $103.5M $92.60M $321.9M
YoY Change 11.77% 1303.03% 65.67%
Interest Expense $1.000M $2.100M $51.80M
YoY Change -52.38% -131.82% 23.15%
% of Operating Profit 0.97% 2.27% 16.09%
Other Income/Expense, Net -$1.200M -$900.0K $1.935M
YoY Change 33.33% 80.0% 562.67%
Pretax Income $100.2M $92.50M $288.9M
YoY Change 8.32% -15516.67% 70.53%
Income Tax $3.500M $400.0K $4.266M
% Of Pretax Income 3.49% 0.43% 1.48%
Net Earnings $60.20M $52.50M $162.5M
YoY Change 14.67% 720.31% 164.77%
Net Earnings / Revenue 16.42% 15.68% 13.54%
Basic Earnings Per Share
Diluted Earnings Per Share $275.0K $239.8K $748.3K
COMMON SHARES
Basic Shares Outstanding 218.9M shares 218.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2013 Q4 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.00M $113.0M $113.0M
YoY Change -40.71% -73.29% -73.29%
Cash & Equivalents $67.21M $113.1M $113.0M
Short-Term Investments
Other Short-Term Assets $10.83M $10.80M $5.000M
YoY Change 0.26% 54.32% 25.0%
Inventory $5.000M $3.000M $3.000M
Prepaid Expenses
Receivables $118.9M $83.94M $84.00M
Other Receivables $0.00 $4.000M $4.000M
Total Short-Term Assets $200.6M $207.8M $208.0M
YoY Change -3.49% -56.53% -56.49%
LONG-TERM ASSETS
Property, Plant & Equipment $5.138B $3.383B $3.383B
YoY Change 51.86% 24.48% 24.47%
Goodwill $418.6M $105.3M
YoY Change 297.38% 0.0%
Intangibles $884.9M $53.61M
YoY Change 1550.67% -3.4%
Long-Term Investments $634.5M $593.4M $593.0M
YoY Change 6.92% 170.01% 459.43%
Other Assets $28.29M $27.40M $27.00M
YoY Change 3.24% -1.43% -3.57%
Total Long-Term Assets $7.364B $4.423B $4.423B
YoY Change 66.5% 30.61% 35.14%
TOTAL ASSETS
Total Short-Term Assets $200.6M $207.8M $208.0M
Total Long-Term Assets $7.364B $4.423B $4.423B
Total Assets $7.565B $4.631B $4.631B
YoY Change 63.35% 19.83% 23.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.00M $40.00M $40.00M
YoY Change 35.0% 60.0% 60.0%
Accrued Expenses $177.2M $138.0M $152.0M
YoY Change 28.37% -7.11% -5.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M
YoY Change
Total Short-Term Liabilities $283.3M $191.5M $191.0M
YoY Change 47.95% 2.81% 2.69%
LONG-TERM LIABILITIES
Long-Term Debt $2.423B $1.418B $1.418B
YoY Change 70.85% 21.39% 21.4%
Other Long-Term Liabilities $112.0M $79.00M $79.00M
YoY Change 41.77% 14.49% 14.49%
Total Long-Term Liabilities $2.713B $1.535B $1.497B
YoY Change 76.73% 19.56% 21.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $283.3M $191.5M $191.0M
Total Long-Term Liabilities $2.713B $1.535B $1.497B
Total Liabilities $2.997B $1.727B $3.414B
YoY Change 73.54% 17.43% 29.42%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.383B $1.217B $1.217B
YoY Change
Total Liabilities & Shareholders Equity $7.565B $4.631B $4.631B
YoY Change 63.35% 19.83% 23.46%

Cashflow Statement

Concept 2014 Q4 2013 Q4 2013
OPERATING ACTIVITIES
Net Income $60.20M $52.50M $162.5M
YoY Change 14.67% 720.31% 164.77%
Depreciation, Depletion And Amortization $54.30M $43.20M $172.9M
YoY Change 25.69% 15.82% 43.33%
Cash From Operating Activities $138.1M $174.9M $489.2M
YoY Change -21.04% -4365.85% 76.29%
INVESTING ACTIVITIES
Capital Expenditures -$193.2M -$212.3M -$682.0M
YoY Change -9.0% -9.35% 6.88%
Acquisitions
YoY Change
Other Investing Activities -$1.528B -$44.10M -$14.00K
YoY Change 3363.72% -61.35%
Cash From Investing Activities -$1.721B -$256.5M -$1.689B
YoY Change 570.84% -26.34% 24.38%
FINANCING ACTIVITIES
Cash Dividend Paid $137.0M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $710.0M
YoY Change 29.33%
Cash From Financing Activities 1.572B 137.6M 889.9M
YoY Change 1042.22% -81.08% -30.26%
NET CHANGE
Cash From Operating Activities 138.1M 174.9M 489.2M
Cash From Investing Activities -1.721B -256.5M -1.689B
Cash From Financing Activities 1.572B 137.6M 889.9M
Net Change In Cash -10.90M 56.00M -309.4M
YoY Change -119.46% -85.07% -257.78%
FREE CASH FLOW
Cash From Operating Activities $138.1M $174.9M $489.2M
Capital Expenditures -$193.2M -$212.3M -$682.0M
Free Cash Flow $331.3M $387.2M $1.171B
YoY Change -14.44% 68.27% 27.92%

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CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
44428000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
418587000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
419186000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
288945000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
492550000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
56630000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2411000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
552000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-90000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
35067000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
832127000 USD
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
22948000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
57836000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-35926000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1006000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9059000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1504000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4428000 USD
CY2013 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2824000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-3998000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
647000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
71251000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4266000 USD
CY2013 us-gaap Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
-5543000 USD
CY2014 us-gaap Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
765000 USD
CY2015 us-gaap Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
-2666000 USD
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
884857000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39061000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45532000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
2200000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
0 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
0 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
0 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1359000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2481000 USD
CY2013 us-gaap Interest Expense
InterestExpense
51797000 USD
CY2014 us-gaap Interest Expense
InterestExpense
76769000 USD
CY2015 us-gaap Interest Expense
InterestExpense
113874000 USD
CY2013 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
16900000 USD
CY2014 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
16900000 USD
CY2015 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
16900000 USD
CY2013 us-gaap Interest Paid Net
InterestPaidNet
47098000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
67648000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
94720000 USD
CY2014Q4 us-gaap Interest Payable Current
InterestPayableCurrent
24741000 USD
CY2015Q4 us-gaap Interest Payable Current
InterestPayableCurrent
26194000 USD
CY2013 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2014 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
443000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
2996717000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
3399952000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7564663000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7320050000 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
283304000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
235565000 USD
CY2015 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
57353000 USD
CY2014Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2713413000 USD
CY2015Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
3164387000 USD
CY2014Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
1260195000 USD
CY2015Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
1060842000 USD
CY2014Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
218909977 shares
CY2015Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
218919380 shares
CY2014Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
218909977 shares
CY2015Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
218919380 shares
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2422954000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2707357000 USD
CY2013 us-gaap Natural Gas Midstream Costs
NaturalGasMidstreamCosts
377626000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
288021000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
165507000 USD
CY2013 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
155528000 USD
CY2014 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
222867000 USD
CY2015 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
86121000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
122173000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
165468000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-154409000 USD
CY2013 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
724811000 USD
CY2014 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
691417000 USD
CY2014 us-gaap Natural Gas Midstream Costs
NaturalGasMidstreamCosts
458379000 USD
CY2015 us-gaap Natural Gas Midstream Costs
NaturalGasMidstreamCosts
528369000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
951528000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
2003605000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-250051000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1858912000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2740175000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-500277000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
597913000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
690662000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
782809000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
162506000 USD
CY2014Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
3597000 USD
CY2015Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
49772000 USD
CY2014Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
260000000 USD
CY2015Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
260000000 USD
CY2013 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
235971000 USD
CY2014 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
293710000 USD
CY2015 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
331972000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
321907000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
551481000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
154182000 USD
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
10827000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
8557000 USD
CY2014Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
1879000 USD
CY2015Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
1034000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28289000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
29707000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1935000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
938000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-578000 USD
CY2013 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
2449000 USD
CY2014 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
2736000 USD
CY2015 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
17698000 USD
CY2014Q4 us-gaap Other Partners Capital
OtherPartnersCapital
556596000 USD
CY2015Q4 us-gaap Other Partners Capital
OtherPartnersCapital
430598000 USD
CY2014Q4 us-gaap Partners Capital
PartnersCapital
1816791000 USD
CY2015Q4 us-gaap Partners Capital
PartnersCapital
1491440000 USD
CY2013 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
-465500000 USD
CY2014 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
-356250000 USD
CY2015 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
-174276000 USD
CY2013 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
259982000 USD
CY2014 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
-16692000 USD
CY2015 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
-49801000 USD
CY2013 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
137000000 USD
CY2014 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
228481000 USD
CY2014 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
857000 USD
CY2014Q4 us-gaap Prepaid Insurance
PrepaidInsurance
3217000 USD
CY2015 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
306477000 USD
CY2014 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
750000000 USD
CY2014Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
2751155000 USD
CY2015Q4 us-gaap Prepaid Insurance
PrepaidInsurance
2998000 USD
CY2013 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
4438000 USD
CY2014 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
18055000 USD
CY2015 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
16244000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
3822000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
4105000 USD
CY2015Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
2428658000 USD
CY2012Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
2865295000 USD
CY2013Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
3434669000 USD
CY2014Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
4567946000 USD
CY2015Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
3920098000 USD
CY2013 us-gaap Partners Capital Other
PartnersCapitalOther
381000 USD
CY2014 us-gaap Partners Capital Other
PartnersCapitalOther
792000 USD
CY2015 us-gaap Partners Capital Other
PartnersCapitalOther
488000 USD
CY2013 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
852388000 USD
CY2014 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
805005000 USD
CY2015 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
637964000 USD
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
137000000 USD
CY2014 us-gaap Payments Of Dividends
PaymentsOfDividends
228481000 USD
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
306477000 USD
CY2013 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
294693000 USD
CY2014 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
64278000 USD
CY2015 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
11442000 USD
CY2013 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
-2367000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
CY2015 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
957503000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1648028000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
889606000 USD
CY2013 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
265471000 USD
CY2014 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
-16392000 USD
CY2015 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
-49801000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
284679000 USD
CY2014 us-gaap Profit Loss
ProfitLoss
453489000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
11098000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6248577000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6556778000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5137855000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4858779000 USD
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
710000000 USD
CY2014 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
650000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
611150000 USD
CY2013 us-gaap Revenues
Revenues
1200060000 USD
CY2014 us-gaap Revenues
Revenues
1533377000 USD
CY2015 us-gaap Revenues
Revenues
1752072000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
4445000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
36238 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
4398 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
3618 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
39.19
CY2015Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
770000 USD
CY2015 wgp Above Market Componentof Swap Extensions
AboveMarketComponentofSwapExtensions
18449000 USD
CY2013 wgp Contributions Of Equity Based Compensation From Parent
ContributionsOfEquityBasedCompensationFromParent
2932000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
51.19
CY2014 wgp Contributions Of Equity Based Compensation From Parent
ContributionsOfEquityBasedCompensationFromParent
3041000 USD
CY2015 wgp Contributions Of Equity Based Compensation From Parent
ContributionsOfEquityBasedCompensationFromParent
3471000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
62.21
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
0 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
36238 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
22236 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
12537 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.00
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
39.19
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
43.10
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
47.20
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
0 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
18400 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
13317 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
0.00
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
37.32
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
44.44
CY2014Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
526000 USD
CY2015Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
512000 USD
CY2015 us-gaap Tax Credit Carryforward Expiration Date
TaxCreditCarryforwardExpirationDate
2026-12-31
CY2013 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
26243000 USD
CY2014 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
28923000 USD
CY2015 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
33327000 USD
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
207000 USD
CY2013 wgp Gain Loss On Disposition Of Assets And Other Net
GainLossOnDispositionOfAssetsAndOtherNet
0 USD
CY2014 wgp Gain Loss On Disposition Of Assets And Other Net
GainLossOnDispositionOfAssetsAndOtherNet
-9000 USD
CY2015 wgp Gain Loss On Disposition Of Assets And Other Net
GainLossOnDispositionOfAssetsAndOtherNet
57024000 USD
CY2013 wgp Minority Interest Increase From Contributions From Noncontrolling Interest Holders
MinorityInterestIncreaseFromContributionsFromNoncontrollingInterestHolders
2247000 USD
CY2015 wgp Number Of Days Subsequent To Quarter End That Cash Is Required To Be Distributed
NumberOfDaysSubsequentToQuarterEndThatCashIsRequiredToBeDistributed
P55D
CY2013 wgp Partners Capital Account Adjustment Distributions To Contributions From Affiliate Of Other Assets
PartnersCapitalAccountAdjustmentDistributionsToContributionsFromAffiliateOfOtherAssets
5855000 USD
CY2014 wgp Partners Capital Account Adjustment Distributions To Contributions From Affiliate Of Other Assets
PartnersCapitalAccountAdjustmentDistributionsToContributionsFromAffiliateOfOtherAssets
10706000 USD
CY2015 wgp Partners Capital Account Adjustment Distributions To Contributions From Affiliate Of Other Assets
PartnersCapitalAccountAdjustmentDistributionsToContributionsFromAffiliateOfOtherAssets
4632000 USD
CY2013 wgp Preacquisition Net Income Loss Allocated To Parent
PreacquisitionNetIncomeLossAllocatedToParent
6929000 USD
CY2014 wgp Preacquisition Net Income Loss Allocated To Parent
PreacquisitionNetIncomeLossAllocatedToParent
65154000 USD
CY2015 wgp Preacquisition Net Income Loss Allocated To Parent
PreacquisitionNetIncomeLossAllocatedToParent
79386000 USD
CY2013 wgp Proceeds From Above Market Component Of Swap Extensions
ProceedsFromAboveMarketComponentOfSwapExtensions
0 USD
CY2014 wgp Proceeds From Above Market Component Of Swap Extensions
ProceedsFromAboveMarketComponentOfSwapExtensions
0 USD
CY2015 wgp Proceeds From Above Market Component Of Swap Extensions
ProceedsFromAboveMarketComponentOfSwapExtensions
18449000 USD
CY2015 wgp Termof Obligation
TermofObligation
P5Y
CY2015 us-gaap Revenue Recognition Long Term Contracts
RevenueRecognitionLongTermContracts
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-style:italic;font-weight:bold;">Revenues and cost of product. </font><font style="font-family:inherit;font-size:10.5pt;">Under its fee-based gathering, treating and processing arrangements, WES is paid a fixed fee based on the volume and thermal content of natural gas and recognizes revenues for its services in the month such services are performed. Producers&#8217; wells are connected to WES&#8217;s gathering systems for delivery of natural gas to WES&#8217;s processing or treating plants, where the natural gas is processed to extract NGLs and condensate or treated in order to satisfy pipeline specifications. In some areas, where no processing is required, the producers&#8217; gas is gathered and delivered to pipelines for market delivery. Under cost-of-service gathering agreements, fees are earned for gathering and compression services based on rates calculated in a cost-of-service model and reviewed periodically over the life of the agreements. Under percent-of-proceeds contracts, revenue is recognized when the natural gas, NGLs or condensate is sold. The percentage of the product sale ultimately paid to the producer is recorded as a related cost of product expense.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">WES purchases natural gas volumes at the wellhead for gathering and processing. As a result, WES has volumes of NGLs and condensate to sell and volumes of residue to either sell, to use for system fuel or to satisfy keep-whole obligations. In addition, depending upon specific contract terms, condensate and NGLs recovered during gathering and processing are either returned to the producer or retained and sold. Under keep-whole contracts, when condensate or NGLs are retained and sold, producers are kept whole for the condensate or NGL volumes through the receipt of a thermally equivalent volume of residue. The keep-whole contract conveys an economic benefit to WES when the combined value of the individual NGLs is greater in the form of liquids than as a component of the natural gas stream; however, WES is adversely impacted when the value of the NGLs is lower than the value of the natural gas stream including the liquids. WES has commodity price swap agreements with Anadarko to mitigate exposure to a majority of the commodity price uncertainty that would otherwise be present as a result of the purchase and sale of natural gas, condensate or NGLs. See </font><font style="font-family:inherit;font-size:10.5pt;font-style:italic;">Note&#160;5</font><font style="font-family:inherit;font-size:10.5pt;">. Revenue is recognized from the sale of condensate and NGLs upon transfer of title, and related purchases are recorded as cost of product.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">WES earns transportation revenues through firm contracts that obligate each of its customers to pay a monthly reservation or demand charge regardless of the pipeline capacity used by that customer. An additional commodity usage fee is charged to the customer based on the actual volume of natural gas transported. Transportation revenues are also generated from interruptible contracts pursuant to which a fee is charged to the customer based on volumes transported through the pipeline. Revenues for transportation of natural gas and NGLs are recognized over the period of firm transportation contracts or, in the case of usage fees and interruptible contracts, when the volumes are received into the pipeline. From time to time, certain revenues may be subject to refund pending the outcome of rate matters before the Federal Energy Regulatory Commission (the &#8220;FERC&#8221;), and refund reserve liabilities are established where appropriate.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">Proceeds from the sale of residue, NGLs and condensate are reported as revenues from natural gas, natural gas liquids and condensate sales in the consolidated statements of income. Revenues attributable to the fixed-fee component of gathering and processing contracts as well as demand charges and commodity usage fees on transportation contracts are reported as revenues from gathering, processing and transportation in the consolidated statements of income.</font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-style:italic;font-weight:bold;">Use of estimates. </font><font style="font-family:inherit;font-size:10.5pt;">In preparing financial statements in accordance with GAAP, management makes informed judgments and estimates that affect the reported amounts of assets, liabilities, revenues and expenses. Management evaluates its estimates and related assumptions regularly, using historical experience and other methods considered reasonable under the particular circumstances. Changes in facts and circumstances or additional information may result in revised estimates and actual results may differ from these estimates. Effects on the business, financial condition and results of operations resulting from revisions to estimates are recognized when the facts that give rise to the revisions become known.</font></div></div>

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