$WES
Western Midstream Partners, LP Stock $wes

$wes Overview Financials Valuation SEC Filings Company Website

2016 Q3 Form 10-Q Financial Statement

#000142390216000068 Filed on July 27, 2016

Income Statement

Concept	2016 Q3	2016 Q2	2015 Q2
Revenue	$481.6M	$428.7M	$466.0M
YoY Change	11.36%	-8.01%	34.85%
Cost Of Revenue	$145.6M	$104.8M	$147.2M
YoY Change	14.02%	-28.8%	20.36%
Gross Profit	$336.0M	$323.8M	$318.8M
YoY Change	10.24%	1.57%	32.17%
Gross Profit Margin	69.76%	75.54%	68.41%
Selling, General & Admin	$97.50M	$99.20M	$97.60M
YoY Change	-10.3%	1.64%	10.28%
% of Gross Profit	29.02%	30.64%	30.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$67.25M	$67.31M	$68.55M
YoY Change	-0.18%	-1.82%	51.32%
% of Gross Profit	20.01%	20.79%	21.5%
Operating Expenses	$164.8M	$166.5M	$166.2M
YoY Change	-6.36%	0.18%	23.11%
Operating Profit	$196.6M	$175.3M	$169.9M
YoY Change	-12.9%	3.2%	40.65%
Interest Expense	$31.30M	$13.43M	$27.60M
YoY Change	-1.49%	-51.35%	32.3%
% of Operating Profit	15.92%	7.66%	16.25%
Other Income/Expense, Net	$165.0K	-$36.00K	$80.00K
YoY Change	71.88%	-145.0%	-65.96%
Pretax Income	$169.6M	$166.1M	$146.6M
YoY Change	-14.42%	13.29%	40.43%
Income Tax	$472.0K	$326.0K	$12.25M
% Of Pretax Income	0.28%	0.2%	8.35%
Net Earnings	$91.40M	$88.86M	$87.65M
YoY Change	-16.32%	1.38%	47.59%
Net Earnings / Revenue	18.98%	20.73%	18.81%
Basic Earnings Per Share
Diluted Earnings Per Share	$417.5K	$406.1K	$396.3K
COMMON SHARES
Basic Shares Outstanding	218.9M shares	218.9M shares	218.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q3	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$146.0M	$160.0M	$89.00M
YoY Change	94.67%	79.78%	-27.05%
Cash & Equivalents	$146.3M	$159.7M	$89.26M
Short-Term Investments
Other Short-Term Assets	$9.344M	$6.011M	$12.02M
YoY Change	-19.03%	-50.0%	144.67%
Inventory	$5.000M	$4.000M	$6.000M
Prepaid Expenses
Receivables	$184.2M	$177.2M	$172.4M
Other Receivables	$32.00M	$46.00M	$1.000M
Total Short-Term Assets	$369.8M	$387.2M	$273.7M
YoY Change	56.14%	41.45%	16.05%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.031B	$5.002B	$4.783B
YoY Change	5.03%	4.59%	30.84%
Goodwill	$419.2M	$419.2M	$393.0M
YoY Change	8.14%	6.65%	273.13%
Intangibles	$810.8M	$817.9M	$846.3M
YoY Change	-3.39%	-3.36%	1499.62%
Long-Term Investments	$599.3M	$606.1M	$630.9M
YoY Change	-4.82%	-3.92%	-1.04%
Other Assets	$14.78M	$15.28M	$31.17M
YoY Change	-51.99%	-50.99%	5.6%
Total Long-Term Assets	$7.135B	$7.121B	$6.944B
YoY Change	2.85%	2.54%	46.48%
TOTAL ASSETS
Total Short-Term Assets	$369.8M	$387.2M	$273.7M
Total Long-Term Assets	$7.135B	$7.121B	$6.944B
Total Assets	$7.505B	$7.508B	$7.218B
YoY Change	4.61%	4.02%	45.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$101.0M	$91.00M	$45.00M
YoY Change	74.14%	102.22%	55.17%
Accrued Expenses	$122.4M	$130.2M	$149.7M
YoY Change	-11.96%	-13.04%	12.41%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due			$0.00
YoY Change
Total Short-Term Liabilities	$254.6M	$241.7M	$213.1M
YoY Change	14.16%	13.4%	20.6%
LONG-TERM LIABILITIES
Long-Term Debt	$2.935B	$2.960B	$2.677B
YoY Change	13.46%	10.57%	32.34%
Other Long-Term Liabilities	$156.0M	$166.0M	$300.0M
YoY Change	-48.68%	-44.67%	265.85%
Total Long-Term Liabilities	$3.098B	$3.132B	$2.983B
YoY Change	6.9%	5.01%	41.67%
TOTAL LIABILITIES
Total Short-Term Liabilities	$254.6M	$241.7M	$213.1M
Total Long-Term Liabilities	$3.098B	$3.132B	$2.983B
Total Liabilities	$3.352B	$3.374B	$3.196B
YoY Change	7.42%	5.57%	40.04%
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	$1.071B	$1.053B	$1.150B
YoY Change
Total Liabilities & Shareholders Equity	$7.505B	$7.508B	$7.218B
YoY Change	4.61%	4.02%	45.04%

Cashflow Statement

Concept	2016 Q3	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$91.40M	$88.86M	$87.65M
YoY Change	-16.32%	1.38%	47.59%
Depreciation, Depletion And Amortization	$67.25M	$67.31M	$68.55M
YoY Change	-0.18%	-1.82%	51.32%
Cash From Operating Activities	$262.9M	$155.9M	$176.9M
YoY Change	17.31%	-11.87%	21.75%
INVESTING ACTIVITIES
Capital Expenditures	-$116.8M	-$118.9M	-$150.2M
YoY Change	-18.89%	-20.84%	-21.48%
Acquisitions
YoY Change
Other Investing Activities	$28.90M	$8.900M	-$7.400M
YoY Change	-80.38%	-220.27%	-68.64%
Cash From Investing Activities	-$87.90M	-$110.0M	-$157.7M
YoY Change	-2846.88%	-30.25%	-26.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-188.4M	2.300M	10.10M
YoY Change	-22.05%	-77.23%	-89.65%
NET CHANGE
Cash From Operating Activities	262.9M	155.9M	176.9M
Cash From Investing Activities	-87.90M	-110.0M	-157.7M
Cash From Financing Activities	-188.4M	2.300M	10.10M
Net Change In Cash	-13.40M	48.20M	29.30M
YoY Change	-6.94%	64.51%	5.02%
FREE CASH FLOW
Cash From Operating Activities	$262.9M	$155.9M	$176.9M
Capital Expenditures	-$116.8M	-$118.9M	-$150.2M
Free Cash Flow	$379.7M	$274.8M	$327.1M
YoY Change	3.15%	-15.99%	-2.82%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2016Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	218922303	shares
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Western Gas Equity Partners, LP
	dei	Trading Symbol TradingSymbol	WGP
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	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
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CY2015Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	143341000	USD
CY2016Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	177197000	USD
CY2015Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	17808000	USD
CY2016Q2	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	20633000	USD
CY2015Q4	us-gaap	Accrued Environmental Loss Contingencies Current AccruedEnvironmentalLossContingenciesCurrent	1136000	USD
CY2016Q2	us-gaap	Accrued Environmental Loss Contingencies Current AccruedEnvironmentalLossContingenciesCurrent	1136000	USD
CY2015Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	119096000	USD
CY2016Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	130159000	USD
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	us-gaap	Asset Impairment Charges AssetImpairmentCharges	8921000	USD
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	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	137529000	USD
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	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	132400000	USD
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	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	159353000	USD
CY2015Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	46716000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-91007000	USD
CY2016Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	76914000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	112857000	USD
	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	0	USD
CY2015Q4	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	49772000	USD
CY2016Q2	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	44288000	USD
CY2015Q4	us-gaap	Notes Receivable Related Parties Noncurrent NotesReceivableRelatedPartiesNoncurrent	260000000	USD
CY2016Q2	us-gaap	Notes Receivable Related Parties Noncurrent NotesReceivableRelatedPartiesNoncurrent	260000000	USD
CY2015Q2	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	77837000	USD
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	154022000	USD
CY2016Q2	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	75173000	USD
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	151386000	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	169912000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	46744000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	175343000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	327508000	USD
CY2015Q4	us-gaap	Other Assets Current OtherAssetsCurrent	8557000	USD
CY2016Q2	us-gaap	Other Assets Current OtherAssetsCurrent	6011000	USD
CY2015Q4	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	1034000	USD
CY2016Q2	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	0	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	13001000	USD
CY2016Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	15278000	USD
CY2015Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	80000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	160000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-36000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	105000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	7070000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-8870000	USD
CY2015Q4	us-gaap	Other Partners Capital OtherPartnersCapital	430598000	USD
CY2016Q2	us-gaap	Other Partners Capital OtherPartnersCapital	0	USD
CY2015Q4	us-gaap	Partners Capital PartnersCapital	1491440000	USD
CY2016Q2	us-gaap	Partners Capital PartnersCapital	1052619000	USD
	us-gaap	Partners Capital Account Acquisitions PartnersCapitalAccountAcquisitions	-712500000	USD
	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	181156000	USD
	us-gaap	Partners Capital Account Private Placement Of Units PartnersCapitalAccountPrivatePlacementOfUnits	686940000	USD
CY2015Q4	us-gaap	Partners Capital Attributable To Noncontrolling Interest PartnersCapitalAttributableToNoncontrollingInterest	2428658000	USD
CY2016Q2	us-gaap	Partners Capital Attributable To Noncontrolling Interest PartnersCapitalAttributableToNoncontrollingInterest	3081175000	USD
CY2015Q4	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	3920098000	USD
CY2016Q2	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	4133794000	USD
	us-gaap	Partners Capital Other PartnersCapitalOther	705000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	361798000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	255923000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	143386000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	181156000	USD
	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	6770000	USD
	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	-139000	USD
CY2015Q4	us-gaap	Prepaid Insurance PrepaidInsurance	2998000	USD
CY2016Q2	us-gaap	Prepaid Insurance PrepaidInsurance	620000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	8538000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	10611000	USD
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	0	USD
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	2944000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	769694000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	556017000	USD
CY2015Q2	us-gaap	Profit Loss ProfitLoss	134367000	USD
	us-gaap	Profit Loss ProfitLoss	-19728000	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	165777000	USD
	us-gaap	Profit Loss ProfitLoss	283536000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6556778000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6818174000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4858779000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5002144000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	521150000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	290000000	USD
CY2015Q2	us-gaap	Revenues Revenues	465993000	USD
	us-gaap	Revenues Revenues	902999000	USD
CY2016Q2	us-gaap	Revenues Revenues	428664000	USD
	us-gaap	Revenues Revenues	811805000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2262000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2518000	USD
CY2015Q2	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	9612000	USD
	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	18892000	USD
CY2016Q2	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	12093000	USD
	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	22443000	USD
CY2015Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	770000	USD
CY2016Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	1127000	USD
	wgp	Above Market Componentof Swap Extensions AboveMarketComponentofSwapExtensions	16365000	USD
	wgp	Contributions Of Equity Based Compensation From Parent ContributionsOfEquityBasedCompensationFromParent	2026000	USD
CY2015Q2	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	0	USD
	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	-6000	USD
CY2016Q2	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	-1907000	USD
	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	-2539000	USD
	wgp	Number Of Days Subsequent To Quarter End That Cash Is Required To Be Distributed NumberOfDaysSubsequentToQuarterEndThatCashIsRequiredToBeDistributed	P55D
	wgp	Partners Capital Account Adjustment Distributions To Contributions From Affiliate Of Other Assets PartnersCapitalAccountAdjustmentDistributionsToContributionsFromAffiliateOfOtherAssets	4540000	USD
	wgp	Partners Capital Account Adjustment Distributions To Contributions From Affiliate Of Other Assets PartnersCapitalAccountAdjustmentDistributionsToContributionsFromAffiliateOfOtherAssets	354000	USD
	wgp	Partners Capital Account Adjustment Preacquisition Contributions From Distributions To Affiliate PartnersCapitalAccountAdjustmentPreacquisitionContributionsFromDistributionsToAffiliate	-27459000	USD
	wgp	Partners Capital Account Deferred Purchase Price Obligation Change PartnersCapitalAccountDeferredPurchasePriceObligationChange	148600000	USD
CY2015Q2	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	18719000	USD
	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	43758000	USD
CY2016Q2	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	0	USD
	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	11326000	USD
CY2015Q2	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	0	USD
	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	0	USD
CY2016Q2	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	9552000	USD
	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	16365000	USD
	wgp	Proceeds From Payment For Affiliate ProceedsFromPaymentForAffiliate	-17439000	USD
	wgp	Proceeds From Payment For Affiliate ProceedsFromPaymentForAffiliate	-27459000	USD
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10.5pt;"><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. 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. The information furnished herein reflects all normal recurring adjustments which are, in the opinion of management, necessary for a fair presentation of the consolidated financial statements, and certain prior-period amounts have been reclassified to conform to the current-year presentation.</font></div></div>

Files In Submission

Name	View Source	Status
0001423902-16-000068-index-headers.html	Edgar Link	pending
0001423902-16-000068-index.html	Edgar Link	pending
0001423902-16-000068.txt	Edgar Link	pending
0001423902-16-000068-xbrl.zip	Edgar Link	pending
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wgp-20160630.xml	Edgar Link	completed
wgp-20160630.xsd	Edgar Link	pending
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wgp-20160630_def.xml	Edgar Link	unprocessable
wgp-20160630_lab.xml	Edgar Link	unprocessable
wgp-20160630_pre.xml	Edgar Link	unprocessable
wgp06301610-q.htm	Edgar Link	pending
wgp063016ex311.htm	Edgar Link	pending
wgp063016ex312.htm	Edgar Link	pending
wgp063016ex321.htm	Edgar Link	pending

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$WES
Western Midstream Partners, LP Stock $wes

2016 Q3 Form 10-Q Financial Statement

#000142390216000068 Filed on July 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WES Western Midstream Partners, LP Stock $wes

2016 Q3 Form 10-Q Financial Statement

#000142390216000068 Filed on July 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WES
Western Midstream Partners, LP Stock $wes