2017 Q1 Form 10-K Financial Statement

#000142390217000012 Filed on February 23, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2015 Q4 2014 Q4
Revenue $516.2M $416.6M $366.7M
YoY Change 34.73% 13.61% 9.53%
Cost Of Revenue $189.4M $114.0M $123.5M
YoY Change 147.58% -7.69% 19.79%
Gross Profit $326.8M $302.5M $243.2M
YoY Change 6.55% 24.38% 4.96%
Gross Profit Margin 63.31% 72.61% 66.32%
Selling, General & Admin $99.50M $106.1M $87.80M
YoY Change 0.4% 20.84% -8.35%
% of Gross Profit 30.45% 35.07% 36.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.70M $67.70M $54.30M
YoY Change 7.08% 24.68% 25.69%
% of Gross Profit 21.33% 22.38% 22.33%
Operating Expenses $169.2M $173.8M $139.7M
YoY Change 3.11% 24.41% 0.43%
Operating Profit $137.6M $128.7M $103.5M
YoY Change -9.59% 24.35% 11.77%
Interest Expense $36.03M -$13.70M $1.000M
YoY Change 12.12% -1470.0% -52.38%
% of Operating Profit 26.19% -10.64% 0.97%
Other Income/Expense, Net $446.0K -$2.400M -$1.200M
YoY Change 216.31% 100.0% 33.33%
Pretax Income $106.2M -$146.4M $100.2M
YoY Change -14.61% -246.11% 8.32%
Income Tax $3.552M $8.400M $3.500M
% Of Pretax Income 3.34% 3.49%
Net Earnings $75.94M -$15.00M $60.20M
YoY Change -7.18% -124.92% 14.67%
Net Earnings / Revenue 14.71% -3.6% 16.42%
Basic Earnings Per Share
Diluted Earnings Per Share $346.7K -$68.52K $275.0K
COMMON SHARES
Basic Shares Outstanding 218.9M shares 218.9M shares 218.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2015 Q4 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $123.0M $100.0M $67.00M
YoY Change 10.81% 49.25% -40.71%
Cash & Equivalents $122.7M $99.69M $67.21M
Short-Term Investments
Other Short-Term Assets $11.04M $8.557M $10.83M
YoY Change 171.6% -20.97% 0.26%
Inventory $8.000M $2.000M $5.000M
Prepaid Expenses
Receivables $152.5M $143.3M $118.9M
Other Receivables $2.000M $52.00M $0.00
Total Short-Term Assets $286.2M $301.4M $200.6M
YoY Change -3.01% 50.24% -3.49%
LONG-TERM ASSETS
Property, Plant & Equipment $5.267B $4.859B $5.138B
YoY Change 6.61% -5.43% 51.86%
Goodwill $417.6M $419.2M $418.6M
YoY Change -0.38% 0.14% 297.38%
Intangibles $796.6M $832.1M $884.9M
YoY Change -3.45% -5.96% 1550.67%
Long-Term Investments $591.1M $618.9M $634.5M
YoY Change -3.19% -2.46% 6.92%
Other Assets $16.43M $13.00M $28.29M
YoY Change 5.67% -54.04% 3.24%
Total Long-Term Assets $7.349B $7.002B $7.364B
YoY Change 3.93% -4.92% 66.5%
TOTAL ASSETS
Total Short-Term Assets $286.2M $301.4M $200.6M
Total Long-Term Assets $7.349B $7.002B $7.364B
Total Assets $7.635B $7.303B $7.565B
YoY Change 3.65% -3.45% 63.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $187.0M $99.00M $54.00M
YoY Change 79.81% 83.33% 35.0%
Accrued Expenses $58.08M $119.1M $177.2M
YoY Change -54.76% -32.79% 28.37%
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 $280.2M $235.6M $283.3M
YoY Change 7.75% -16.85% 47.95%
LONG-TERM LIABILITIES
Long-Term Debt $3.120B $2.691B $2.423B
YoY Change 2.33% 11.05% 70.85%
Other Long-Term Liabilities $183.0M $317.0M $112.0M
YoY Change -43.69% 183.04% 41.77%
Total Long-Term Liabilities $3.312B $3.148B $2.713B
YoY Change -2.01% 16.0% 76.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $280.2M $235.6M $283.3M
Total Long-Term Liabilities $3.312B $3.148B $2.713B
Total Liabilities $3.593B $3.383B $2.997B
YoY Change -1.32% 12.9% 73.54%
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 $1.042B $1.491B $1.383B
YoY Change
Total Liabilities & Shareholders Equity $7.635B $7.303B $7.565B
YoY Change 3.65% -3.45% 63.35%

Cashflow Statement

Concept 2017 Q1 2015 Q4 2014 Q4
OPERATING ACTIVITIES
Net Income $75.94M -$15.00M $60.20M
YoY Change -7.18% -124.92% 14.67%
Depreciation, Depletion And Amortization $69.70M $67.70M $54.30M
YoY Change 7.08% 24.68% 25.69%
Cash From Operating Activities $191.7M $187.5M $138.1M
YoY Change -18.75% 35.77% -21.04%
INVESTING ACTIVITIES
Capital Expenditures -$125.9M -$132.2M -$193.2M
YoY Change -8.1% -31.57% -9.0%
Acquisitions
YoY Change
Other Investing Activities -$126.5M $500.0K -$1.528B
YoY Change -82.08% -100.03% 3363.72%
Cash From Investing Activities -$252.4M -$131.6M -$1.721B
YoY Change -70.05% -92.35% 570.84%
FINANCING ACTIVITIES
Cash Dividend Paid $101.3M
YoY Change 14.55%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -$175.7M -31.10M 1.572B
YoY Change -128.39% -101.98% 1042.22%
NET CHANGE
Cash From Operating Activities $191.7M 187.5M 138.1M
Cash From Investing Activities -$252.4M -131.6M -1.721B
Cash From Financing Activities -$175.7M -31.10M 1.572B
Net Change In Cash -$236.4M 24.80M -10.90M
YoY Change -2103.55% -327.52% -119.46%
FREE CASH FLOW
Cash From Operating Activities $191.7M $187.5M $138.1M
Capital Expenditures -$125.9M -$132.2M -$193.2M
Free Cash Flow $317.6M $319.7M $331.3M
YoY Change -14.84% -3.5% -14.44%

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FiniteLivedIntangibleAssetsGross
868035000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
868035000 USD
CY2014 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
0 USD
CY2015 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
0 USD
CY2016 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
16270000 USD
CY2015Q4 us-gaap Gas Imbalance Asset Liability
GasImbalanceAssetLiability
2122000 USD
CY2016Q4 us-gaap Gas Imbalance Asset Liability
GasImbalanceAssetLiability
3483000 USD
CY2015Q4 us-gaap Gas Imbalance Payable Current
GasImbalancePayableCurrent
1600000 USD
CY2016Q4 us-gaap Gas Imbalance Payable Current
GasImbalancePayableCurrent
3000000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
41777000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
44428000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
49248000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
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CY2016Q4 us-gaap Goodwill
Goodwill
417610000 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 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
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
605352000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
57836000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
71251000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
78717000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39061000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45532000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8372000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
2200000 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
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
0 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2481000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2411000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2093000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-90000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
838000 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
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
58365000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1504000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4428000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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48998000 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
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
4295000 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
CY2016 us-gaap Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
2079000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
832127000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
803698000 USD
CY2014 us-gaap Interest Expense
InterestExpense
76769000 USD
CY2015 us-gaap Interest Expense
InterestExpense
113874000 USD
CY2016 us-gaap Interest Expense
InterestExpense
116628000 USD
CY2014 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
16900000 USD
CY2015 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
16900000 USD
CY2016 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
16900000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
67648000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
94720000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
107657000 USD
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26194000 USD
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
39834000 USD
CY2014 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
443000 USD
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
168000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
3383246000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
3625331000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7303344000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7736097000 USD
CY2015Q4 us-gaap Liabilities Current
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235565000 USD
CY2016Q4 us-gaap Liabilities Current
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315387000 USD
CY2015Q4 us-gaap Liabilities Noncurrent
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3147681000 USD
CY2016Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
3309944000 USD
CY2015Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
1060842000 USD
CY2016Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
1048143000 USD
CY2015Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
218919380 shares
CY2016Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
218928570 shares
CY2015Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
218919380 shares
CY2016Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
218928570 shares
CY2015Q4 us-gaap Long Term Debt Noncurrent
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2690651000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3119461000 USD
CY2014 us-gaap Natural Gas Midstream Costs
NaturalGasMidstreamCosts
458379000 USD
CY2015 us-gaap Natural Gas Midstream Costs
NaturalGasMidstreamCosts
528369000 USD
CY2016 us-gaap Natural Gas Midstream Costs
NaturalGasMidstreamCosts
494194000 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
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
451836000 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
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1105534000 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
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
913076000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
288021000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
165507000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
345772000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
154182000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
704535000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
8557000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
13498000 USD
CY2015Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
1034000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
0 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
CY2016 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
334446000 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
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
251208000 USD
CY2014 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
691417000 USD
CY2015 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
57353000 USD
CY2016 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
0 USD
CY2015Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
49772000 USD
CY2016Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
30415000 USD
CY2015Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
260000000 USD
CY2016Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
260000000 USD
CY2014 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
293710000 USD
CY2015 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
331972000 USD
CY2016 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
308010000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
551481000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13001000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
15058000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
938000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-578000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
545000 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
CY2016 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-3262000 USD
CY2015Q4 us-gaap Other Partners Capital
OtherPartnersCapital
430598000 USD
CY2016Q4 us-gaap Other Partners Capital
OtherPartnersCapital
0 USD
CY2015Q4 us-gaap Partners Capital
PartnersCapital
1491440000 USD
CY2016Q4 us-gaap Partners Capital
PartnersCapital
1048143000 USD
CY2014 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
-356250000 USD
CY2015 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
-174276000 USD
CY2016 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
-712500000 USD
CY2014 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
228481000 USD
CY2015 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
306477000 USD
CY2016 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
374082000 USD
CY2014 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
750000000 USD
CY2016 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
686937000 USD
CY2015Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
2428658000 USD
CY2016Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
3062623000 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
CY2016Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
4110766000 USD
CY2014 us-gaap Partners Capital Other
PartnersCapitalOther
792000 USD
CY2015 us-gaap Partners Capital Other
PartnersCapitalOther
488000 USD
CY2016 us-gaap Partners Capital Other
PartnersCapitalOther
1153000 USD
CY2014 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
805005000 USD
CY2015 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
637964000 USD
CY2016 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
479993000 USD
CY2014 us-gaap Payments Of Dividends
PaymentsOfDividends
228481000 USD
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
306477000 USD
CY2016 us-gaap Payments Of Dividends
PaymentsOfDividends
374082000 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
CY2016 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
27000 USD
CY2015Q4 us-gaap Prepaid Insurance
PrepaidInsurance
2998000 USD
CY2016Q4 us-gaap Prepaid Insurance
PrepaidInsurance
2889000 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
CY2016 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
21238000 USD
CY2014 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
CY2015 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
CY2016 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
17465000 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
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1323198000 USD
CY2014 us-gaap Profit Loss
ProfitLoss
453489000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
11098000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
596980000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6556778000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6861942000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4858779000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5049932000 USD
CY2014 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
650000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
611150000 USD
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
900000000 USD
CY2014 us-gaap Revenues
Revenues
1533377000 USD
CY2015 us-gaap Revenues
Revenues
1752072000 USD
CY2016 us-gaap Revenues
Revenues
1804270000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
4105000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
4445000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
4986000 USD
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
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
5658 shares
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
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
CY2016 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
39.78
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
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
5658 shares
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
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
39.78
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
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
12537 shares
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
CY2016 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
47.20
CY2015Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
512000 USD
CY2016Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
498000 USD
CY2016 us-gaap Tax Credit Carryforward Expiration Date
TaxCreditCarryforwardExpirationDate
2026-12-31
CY2014 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
28923000 USD
CY2015 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
33327000 USD
CY2016 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
40161000 USD
CY2015Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
770000 USD
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1006000 USD
CY2015 wgp Above Market Component Of Swap Extensions
AboveMarketComponentOfSwapExtensions
18449000 USD
CY2016 wgp Above Market Component Of Swap Extensions
AboveMarketComponentOfSwapExtensions
45820000 USD
CY2014 wgp Contributions Of Equity Based Compensation From Parent
ContributionsOfEquityBasedCompensationFromParent
3041000 USD
CY2015 wgp Contributions Of Equity Based Compensation From Parent
ContributionsOfEquityBasedCompensationFromParent
3471000 USD
CY2016 wgp Contributions Of Equity Based Compensation From Parent
ContributionsOfEquityBasedCompensationFromParent
4170000 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
CY2016 wgp Gain Loss On Disposition Of Assets And Other Net
GainLossOnDispositionOfAssetsAndOtherNet
-14641000 USD
CY2016 wgp Number Of Days Subsequent To Quarter End That Cash Is Required To Be Distributed
NumberOfDaysSubsequentToQuarterEndThatCashIsRequiredToBeDistributed
P55D
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
CY2016 wgp Partners Capital Account Adjustment Distributions To Contributions From Affiliate Of Other Assets
PartnersCapitalAccountAdjustmentDistributionsToContributionsFromAffiliateOfOtherAssets
581000 USD
CY2014 wgp Partners Capital Account Adjustment Preacquisition Contributions From Distributions To Affiliate
PartnersCapitalAccountAdjustmentPreacquisitionContributionsFromDistributionsToAffiliate
-16692000 USD
CY2015 wgp Partners Capital Account Adjustment Preacquisition Contributions From Distributions To Affiliate
PartnersCapitalAccountAdjustmentPreacquisitionContributionsFromDistributionsToAffiliate
-49801000 USD
CY2016 wgp Partners Capital Account Adjustment Preacquisition Contributions From Distributions To Affiliate
PartnersCapitalAccountAdjustmentPreacquisitionContributionsFromDistributionsToAffiliate
-23491000 USD
CY2016 wgp Partners Capital Account Deferred Purchase Price Obligation Change
PartnersCapitalAccountDeferredPurchasePriceObligationChange
139487000 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
CY2016 wgp Preacquisition Net Income Loss Allocated To Parent
PreacquisitionNetIncomeLossAllocatedToParent
11326000 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
CY2016 wgp Proceeds From Above Market Component Of Swap Extensions
ProceedsFromAboveMarketComponentOfSwapExtensions
45820000 USD
CY2014 wgp Proceeds From Payment For Affiliate
ProceedsFromPaymentForAffiliate
-16392000 USD
CY2015 wgp Proceeds From Payment For Affiliate
ProceedsFromPaymentForAffiliate
-49801000 USD
CY2016 wgp Proceeds From Payment For Affiliate
ProceedsFromPaymentForAffiliate
-23491000 USD
CY2016 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;">In certain circumstances, 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 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 risk inherent in its percent-of-proceeds and keep-whole contracts. 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%;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">1.&#160;&#160;SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)</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;"><br clear="none"/></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 operations. 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 of natural gas and natural gas liquids in the consolidated statements of operations.</font></div></div>
CY2016 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;">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. 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>

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