$WES
Western Midstream Partners, LP Stock $wes

$wes Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000142390217000022 Filed on May 03, 2017

Income Statement

Concept	2017 Q2	2017 Q1	2016 Q1
Revenue	$525.5M	$516.2M	$383.1M
YoY Change	22.58%	34.73%	-12.33%
Cost Of Revenue	$203.3M	$189.4M	$76.50M
YoY Change	93.97%	147.58%	-45.12%
Gross Profit	$322.2M	$326.8M	$306.7M
YoY Change	-0.5%	6.55%	3.06%
Gross Profit Margin	61.31%	63.31%	80.05%
Selling, General & Admin	$99.30M	$99.50M	$99.10M
YoY Change	0.1%	0.4%	1.75%
% of Gross Profit	30.82%	30.45%	32.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$74.03M	$69.70M	$65.10M
YoY Change	9.99%	7.08%	-5.63%
% of Gross Profit	22.98%	21.33%	21.22%
Operating Expenses	$173.3M	$169.2M	$164.1M
YoY Change	4.08%	3.11%	-1.38%
Operating Profit	$207.0M	$137.6M	$152.2M
YoY Change	18.05%	-9.59%	-223.54%
Interest Expense	$36.30M	$36.03M	$32.14M
YoY Change	170.29%	12.12%	39.97%
% of Operating Profit	17.54%	26.19%	21.12%
Other Income/Expense, Net	$272.0K	$446.0K	$141.0K
YoY Change	-855.56%	216.31%	76.25%
Pretax Income	$175.2M	$106.2M	$124.4M
YoY Change	5.47%	-14.61%	-187.71%
Income Tax	$843.0K	$3.552M	$6.633M
% Of Pretax Income	0.48%	3.34%	5.33%
Net Earnings	$104.9M	$75.94M	$81.82M
YoY Change	18.1%	-7.18%	-599.73%
Net Earnings / Revenue	19.97%	14.71%	21.35%
Basic Earnings Per Share
Diluted Earnings Per Share	$479.2K	$346.7K	$373.7K
COMMON SHARES
Basic Shares Outstanding	218.9M shares	218.9M shares	218.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q2	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$189.0M	$123.0M	$111.0M
YoY Change	18.13%	10.81%	85.0%
Cash & Equivalents	$188.8M	$122.7M	$111.5M
Short-Term Investments
Other Short-Term Assets	$10.45M	$11.04M	$4.064M
YoY Change	73.81%	171.6%	-63.2%
Inventory	$9.000M	$8.000M	$1.000M
Prepaid Expenses
Receivables	$136.4M	$152.5M	$130.6M
Other Receivables	$1.000M	$2.000M	$50.00M
Total Short-Term Assets	$335.7M	$286.2M	$295.1M
YoY Change	-13.3%	-3.01%	37.28%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.348B	$5.267B	$4.940B
YoY Change	6.91%	6.61%	4.86%
Goodwill	$417.6M	$417.6M	$419.2M
YoY Change	-0.38%	-0.38%	6.65%
Intangibles	$789.5M	$796.6M	$825.0M
YoY Change	-3.48%	-3.45%	-3.33%
Long-Term Investments	$581.2M	$591.1M	$610.6M
YoY Change	-4.12%	-3.19%	-3.98%
Other Assets	$16.03M	$16.43M	$15.55M
YoY Change	4.93%	5.67%	-43.7%
Total Long-Term Assets	$7.412B	$7.349B	$7.071B
YoY Change	4.09%	3.93%	2.75%
TOTAL ASSETS
Total Short-Term Assets	$335.7M	$286.2M	$295.1M
Total Long-Term Assets	$7.412B	$7.349B	$7.071B
Total Assets	$7.748B	$7.635B	$7.366B
YoY Change	3.2%	3.65%	3.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$198.0M	$187.0M	$104.0M
YoY Change	117.58%	79.81%	103.92%
Accrued Expenses	$56.98M	$58.08M	$128.4M
YoY Change	-56.22%	-54.76%	-25.27%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$277.5M	$280.2M	$260.0M
YoY Change	14.82%	7.75%	7.21%
LONG-TERM LIABILITIES
Long-Term Debt	$3.281B	$3.120B	$3.049B
YoY Change	10.85%	2.33%	20.38%
Other Long-Term Liabilities	$143.0M	$183.0M	$325.0M
YoY Change	-13.86%	-43.69%	12.07%
Total Long-Term Liabilities	$3.434B	$3.312B	$3.381B
YoY Change	9.62%	-2.01%	19.4%
TOTAL LIABILITIES
Total Short-Term Liabilities	$277.5M	$280.2M	$260.0M
Total Long-Term Liabilities	$3.434B	$3.312B	$3.381B
Total Liabilities	$3.711B	$3.593B	$3.641B
YoY Change	10.0%	-1.32%	18.44%
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	$1.070B	$1.042B	$877.0M
YoY Change
Total Liabilities & Shareholders Equity	$7.748B	$7.635B	$7.366B
YoY Change	3.2%	3.65%	3.8%

Cashflow Statement

Concept	2017 Q2	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$104.9M	$75.94M	$81.82M
YoY Change	18.1%	-7.18%	-599.73%
Depreciation, Depletion And Amortization	$74.03M	$69.70M	$65.10M
YoY Change	9.99%	7.08%	-5.63%
Cash From Operating Activities	$239.7M	$191.7M	$235.9M
YoY Change	53.75%	-18.75%	21.41%
INVESTING ACTIVITIES
Capital Expenditures	-$134.6M	-$125.9M	-$137.0M
YoY Change	13.2%	-8.1%	-35.26%
Acquisitions
YoY Change
Other Investing Activities	$23.80M	-$126.5M	-$705.8M
YoY Change	167.42%	-82.08%	26040.74%
Cash From Investing Activities	-$110.7M	-$252.4M	-$842.8M
YoY Change	0.64%	-70.05%	293.46%
FINANCING ACTIVITIES
Cash Dividend Paid		$101.3M	$88.39M
YoY Change		14.55%	29.21%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$0.00	$0.00
YoY Change			-100.0%
Cash From Financing Activities	-62.80M	-$175.7M	618.7M
YoY Change	-2830.43%	-128.39%	4810.32%
NET CHANGE
Cash From Operating Activities	239.7M	$191.7M	235.9M
Cash From Investing Activities	-110.7M	-$252.4M	-842.8M
Cash From Financing Activities	-62.80M	-$175.7M	618.7M
Net Change In Cash	66.20M	-$236.4M	11.80M
YoY Change	37.34%	-2103.55%	-261.64%
FREE CASH FLOW
Cash From Operating Activities	$239.7M	$191.7M	$235.9M
Capital Expenditures	-$134.6M	-$125.9M	-$137.0M
Free Cash Flow	$374.3M	$317.6M	$372.9M
YoY Change	36.21%	-14.84%	-8.13%

Facts In Submission

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CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
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CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
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CY2017Q1	dei	Trading Symbol TradingSymbol	WGP
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CY2017Q1	us-gaap	Other Assets Current OtherAssetsCurrent	11038000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	15058000	USD
CY2017Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	16431000	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	141000	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	446000	USD
CY2016Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	5496000	USD
CY2017Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	1268000	USD
CY2016Q4	us-gaap	Partners Capital PartnersCapital	1048143000	USD
CY2017Q1	us-gaap	Partners Capital PartnersCapital	1042403000	USD
CY2017Q1	us-gaap	Partners Capital Account Acquisitions PartnersCapitalAccountAcquisitions	0	USD
CY2017Q1	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	101254000	USD
CY2016Q4	us-gaap	Partners Capital Attributable To Noncontrolling Interest PartnersCapitalAttributableToNoncontrollingInterest	3062623000	USD
CY2017Q1	us-gaap	Partners Capital Attributable To Noncontrolling Interest PartnersCapitalAttributableToNoncontrollingInterest	2999755000	USD
CY2016Q4	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	4110766000	USD
CY2017Q1	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	4042158000	USD
CY2017Q1	us-gaap	Partners Capital Other PartnersCapitalOther	136000	USD
CY2016Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	136987000	USD
CY2017Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	125944000	USD
CY2016Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	88389000	USD
CY2017Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	101254000	USD
CY2016Q1	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	-474000	USD
CY2017Q1	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	0	USD
CY2016Q4	us-gaap	Prepaid Insurance PrepaidInsurance	2889000	USD
CY2017Q1	us-gaap	Prepaid Insurance PrepaidInsurance	1713000	USD
CY2016Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	4784000	USD
CY2017Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	3453000	USD
CY2016Q1	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	0	USD
CY2017Q1	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	24000000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	356162000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	-11000	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	117759000	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	102661000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6861942000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7240894000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5049932000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5266813000	USD
CY2016Q1	us-gaap	Revenues Revenues	383141000	USD
CY2017Q1	us-gaap	Revenues Revenues	516193000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1291000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1269000	USD
CY2016Q1	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	10350000	USD
CY2017Q1	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	12294000	USD
CY2016Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1006000	USD
CY2017Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	1430000	USD
CY2017Q1	wgp	Above Market Component Of Swap Extensions AboveMarketComponentOfSwapExtensions	12297000	USD
CY2017Q1	wgp	Contributions Of Equity Based Compensation From Parent ContributionsOfEquityBasedCompensationFromParent	1125000	USD
CY2016Q1	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	-632000	USD
CY2017Q1	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	119487000	USD
CY2017Q1	wgp	Number Of Days Subsequent To Quarter End That Cash Is Required To Be Distributed NumberOfDaysSubsequentToQuarterEndThatCashIsRequiredToBeDistributed	P55D
CY2016Q1	wgp	Partners Capital Account Adjustment Distributions To Contributions From Affiliate Of Other Assets PartnersCapitalAccountAdjustmentDistributionsToContributionsFromAffiliateOfOtherAssets	714000	USD
CY2017Q1	wgp	Partners Capital Account Adjustment Distributions To Contributions From Affiliate Of Other Assets PartnersCapitalAccountAdjustmentDistributionsToContributionsFromAffiliateOfOtherAssets	0	USD
CY2017Q1	wgp	Partners Capital Account Adjustment Preacquisition Contributions From Distributions To Affiliate PartnersCapitalAccountAdjustmentPreacquisitionContributionsFromDistributionsToAffiliate	-14000	USD
CY2017Q1	wgp	Partners Capital Account Deferred Purchase Price Obligation Change PartnersCapitalAccountDeferredPurchasePriceObligationChange	4165000	USD
CY2016Q1	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	11326000	USD
CY2017Q1	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	0	USD
CY2016Q1	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	6813000	USD
CY2017Q1	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	12297000	USD
CY2016Q1	wgp	Proceeds From Payment For Affiliate ProceedsFromPaymentForAffiliate	-27632000	USD
CY2017Q1	wgp	Proceeds From Payment For Affiliate ProceedsFromPaymentForAffiliate	-14000	USD
CY2017Q1	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>

Files In Submission

Name	View Source	Status
0001423902-17-000022-index-headers.html	Edgar Link	pending
0001423902-17-000022-index.html	Edgar Link	pending
0001423902-17-000022.txt	Edgar Link	pending
0001423902-17-000022-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
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R55.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
wgp-20170331.xml	Edgar Link	completed
wgp-20170331.xsd	Edgar Link	pending
wgp-20170331_cal.xml	Edgar Link	unprocessable
wgp-20170331_def.xml	Edgar Link	unprocessable
wgp-20170331_lab.xml	Edgar Link	unprocessable
wgp-20170331_pre.xml	Edgar Link	unprocessable
wgp201710-qxq1.htm	Edgar Link	pending
wgp201710-qxq1xex311.htm	Edgar Link	pending
wgp201710-qxq1xex321.htm	Edgar Link	pending

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$WES
Western Midstream Partners, LP Stock $wes

2017 Q2 Form 10-Q Financial Statement

#000142390217000022 Filed on May 03, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WES Western Midstream Partners, LP Stock $wes

2017 Q2 Form 10-Q Financial Statement

#000142390217000022 Filed on May 03, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WES
Western Midstream Partners, LP Stock $wes