$WES
Western Midstream Partners, LP Stock $wes

$wes Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000142390217000038 Filed on November 01, 2017

Income Statement

Concept	2017 Q4	2017 Q3	2016 Q3
Revenue	$813.3M	$574.7M	$481.6M
YoY Change	59.22%	19.32%	11.36%
Cost Of Revenue	$321.9M	$239.2M	$145.6M
YoY Change	92.52%	64.3%	14.02%
Gross Profit	$491.3M	$335.5M	$336.0M
YoY Change	42.99%	-0.16%	10.24%
Gross Profit Margin	60.41%	58.37%	69.76%
Selling, General & Admin	$150.2M	$103.7M	$97.50M
YoY Change	47.69%	6.36%	-10.3%
% of Gross Profit	30.57%	30.91%	29.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$102.5M	$72.54M	$67.25M
YoY Change	39.84%	7.87%	-0.18%
% of Gross Profit	20.86%	21.62%	20.01%
Operating Expenses	$252.7M	$176.2M	$164.8M
YoY Change	44.4%	6.92%	-6.36%
Operating Profit	$238.6M	$178.7M	$196.6M
YoY Change	41.52%	-9.09%	-12.9%
Interest Expense	$25.60M	$36.12M	$31.30M
YoY Change	-313.33%	15.39%	-1.49%
% of Operating Profit	10.73%	20.21%	15.92%
Other Income/Expense, Net	-$2.700M	$311.0K	$165.0K
YoY Change	92.86%	88.48%	71.88%
Pretax Income	$248.9M	$147.1M	$169.6M
YoY Change	71.42%	-13.28%	-14.42%
Income Tax	-$64.80M	$510.0K	$472.0K
% Of Pretax Income	-26.03%	0.35%	0.28%
Net Earnings	$263.7M	$96.20M	$91.40M
YoY Change	215.05%	5.26%	-16.32%
Net Earnings / Revenue	32.42%	16.74%	18.98%
Basic Earnings Per Share
Diluted Earnings Per Share	$1.205M	$439.5K	$417.5K
COMMON SHARES
Basic Shares Outstanding	218.9M shares	218.9M shares	218.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q4	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$80.00M	$153.0M	$146.0M
YoY Change	-77.72%	4.79%	94.67%
Cash & Equivalents	$79.59M	$153.0M	$146.3M
Short-Term Investments
Other Short-Term Assets	$15.98M	$13.50M	$9.344M
YoY Change	18.36%	44.45%	-19.03%
Inventory	$11.00M	$8.000M	$5.000M
Prepaid Expenses
Receivables	$160.5M	$192.4M	$184.2M
Other Receivables	$2.000M	$3.000M	$32.00M
Total Short-Term Assets	$256.3M	$359.0M	$369.8M
YoY Change	-56.97%	-2.92%	56.14%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.766B	$5.508B	$5.031B
YoY Change	33.98%	9.48%	5.03%
Goodwill	$445.8M	$417.6M	$419.2M
YoY Change	6.75%	-0.38%	8.14%
Intangibles	$872.2M	$782.4M	$810.8M
YoY Change	8.52%	-3.51%	-3.39%
Long-Term Investments	$817.4M	$573.6M	$599.3M
YoY Change	-1.37%	-4.28%	-4.82%
Other Assets	$12.57M	$15.63M	$14.78M
YoY Change	-16.52%	5.75%	-51.99%
Total Long-Term Assets	$9.174B	$7.557B	$7.135B
YoY Change	28.48%	5.91%	2.85%
TOTAL ASSETS
Total Short-Term Assets	$256.3M	$359.0M	$369.8M
Total Long-Term Assets	$9.174B	$7.557B	$7.135B
Total Assets	$9.430B	$7.916B	$7.505B
YoY Change	21.9%	5.48%	4.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$350.0M	$303.0M	$101.0M
YoY Change	41.7%	200.0%	74.14%
Accrued Expenses	$47.99M	$57.70M	$122.4M
YoY Change	6.2%	-52.85%	-11.96%
Deferred Revenue	$0.00
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$548.0M	$393.6M	$254.6M
YoY Change	73.74%	54.59%	14.16%
LONG-TERM LIABILITIES
Long-Term Debt	$3.493B	$3.372B	$2.935B
YoY Change	11.97%	14.87%	13.46%
Other Long-Term Liabilities	$3.494M	$146.0M	$156.0M
YoY Change	-98.1%	-6.41%	-48.68%
Total Long-Term Liabilities	$3.887B	$3.528B	$3.098B
YoY Change	17.44%	13.9%	6.9%
TOTAL LIABILITIES
Total Short-Term Liabilities	$548.0M	$393.6M	$254.6M
Total Long-Term Liabilities	$3.887B	$3.528B	$3.098B
Total Liabilities	$4.435B	$3.922B	$3.352B
YoY Change	22.33%	16.99%	7.42%
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	$1.061B	$1.067B	$1.071B
YoY Change
Total Liabilities & Shareholders Equity	$9.430B	$7.916B	$7.505B
YoY Change	21.9%	5.48%	4.61%

Cashflow Statement

Concept	2017 Q4	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	$263.7M	$96.20M	$91.40M
YoY Change	215.05%	5.26%	-16.32%
Depreciation, Depletion And Amortization	$102.5M	$72.54M	$67.25M
YoY Change	39.84%	7.87%	-0.18%
Cash From Operating Activities	$400.2M	$211.1M	$262.9M
YoY Change	54.88%	-19.7%	17.31%
INVESTING ACTIVITIES
Capital Expenditures	-$609.1M	-$158.7M	-$116.8M
YoY Change	467.66%	35.87%	-18.89%
Acquisitions
YoY Change
Other Investing Activities	-$9.400M	$7.100M	$28.90M
YoY Change	-122.12%	-75.43%	-80.38%
Cash From Investing Activities	-$618.5M	-$151.7M	-$87.90M
YoY Change	854.48%	72.58%	-2846.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	144.8M	-95.20M	-188.4M
YoY Change	654.17%	-49.47%	-22.05%
NET CHANGE
Cash From Operating Activities	400.2M	211.1M	262.9M
Cash From Investing Activities	-618.5M	-151.7M	-87.90M
Cash From Financing Activities	144.8M	-95.20M	-188.4M
Net Change In Cash	-73.50M	-35.80M	-13.40M
YoY Change	-134.54%	167.16%	-6.94%
FREE CASH FLOW
Cash From Operating Activities	$400.2M	$211.1M	$262.9M
Capital Expenditures	-$609.1M	-$158.7M	-$116.8M
Free Cash Flow	$1.009B	$369.8M	$379.7M
YoY Change	175.99%	-2.61%	3.15%

Facts In Submission

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	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
	dei	Document Type DocumentType	10-Q
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	dei	Entity Central Index Key EntityCentralIndexKey	0001423902
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	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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CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	91397000	USD
	us-gaap	Net Income Loss NetIncomeLoss	262076000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	96202000	USD
	us-gaap	Net Income Loss NetIncomeLoss	277086000	USD
CY2016Q3	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	91397000	USD
	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	250750000	USD
CY2017Q3	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	96202000	USD
	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	277086000	USD
CY2016Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	77778000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	190635000	USD
CY2017Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	50399000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	146529000	USD
	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	-183000	USD
CY2016Q4	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	30415000	USD
CY2017Q3	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	43000	USD
CY2016Q4	us-gaap	Notes Receivable Related Parties Noncurrent NotesReceivableRelatedPartiesNoncurrent	260000000	USD
CY2017Q3	us-gaap	Notes Receivable Related Parties Noncurrent NotesReceivableRelatedPartiesNoncurrent	260000000	USD
CY2016Q3	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	74755000	USD
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	226141000	USD
CY2017Q3	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	79536000	USD
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	229444000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	196558000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	524066000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	178692000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	523263000	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	606000	USD
CY2017Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	6445000	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	13498000	USD
CY2017Q3	us-gaap	Other Assets Current OtherAssetsCurrent	13497000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	15058000	USD
CY2017Q3	us-gaap	Prepaid Insurance PrepaidInsurance	2935000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	16592000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	15627000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	165000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	270000	USD
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	311000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1029000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-8820000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	3701000	USD
CY2016Q4	us-gaap	Partners Capital PartnersCapital	1048143000	USD
CY2017Q3	us-gaap	Partners Capital PartnersCapital	1067269000	USD
	us-gaap	Partners Capital Account Acquisitions PartnersCapitalAccountAcquisitions	0	USD
	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	324290000	USD
CY2016Q4	us-gaap	Partners Capital Attributable To Noncontrolling Interest PartnersCapitalAttributableToNoncontrollingInterest	3062623000	USD
CY2017Q3	us-gaap	Partners Capital Attributable To Noncontrolling Interest PartnersCapitalAttributableToNoncontrollingInterest	2926665000	USD
CY2016Q4	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	4110766000	USD
CY2017Q3	us-gaap	Partners Capital Including Portion Attributable To Noncontrolling Interest PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest	3993934000	USD
	us-gaap	Partners Capital Other PartnersCapitalOther	343000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	372725000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	419193000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	276114000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	324290000	USD
	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	-139000	USD
	us-gaap	Payments To Acquire Businesses And Interest In Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates	384000	USD
CY2016Q4	us-gaap	Prepaid Insurance PrepaidInsurance	2889000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	16255000	USD
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	18398000	USD
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	22977000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	1120580000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	249989000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	169175000	USD
	us-gaap	Profit Loss ProfitLoss	452711000	USD
CY2017Q3	us-gaap	Profit Loss ProfitLoss	146601000	USD
	us-gaap	Profit Loss ProfitLoss	423615000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6861942000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	7582178000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5049932000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5507714000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	880000000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
CY2016Q3	us-gaap	Revenues Revenues	481645000	USD
	us-gaap	Revenues Revenues	1293450000	USD
CY2017Q3	us-gaap	Revenues Revenues	574695000	USD
	us-gaap	Revenues Revenues	1616338000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	3759000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	3751000	USD
CY2016Q3	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	10670000	USD
	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	33113000	USD
CY2017Q3	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	11215000	USD
	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	35433000	USD
CY2016Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1006000	USD
CY2017Q3	us-gaap	Taxes Payable Current TaxesPayableCurrent	1024000	USD
	wgp	Above Market Component Of Swap Extensions AboveMarketComponentOfSwapExtensions	46719000	USD
	wgp	Contributions Of Equity Based Compensation From Parent ContributionsOfEquityBasedCompensationFromParent	3333000	USD
	wgp	Debt Activity Other DebtActivityOther	-2425000	USD
	wgp	Deferred Purchase Price Obligation Including Accretion And Revisions DeferredPurchasePriceObligationIncludingAccretionAndRevisions	-172249000	USD
	wgp	Deferred Purchase Price Obligation Including Accretion And Revisions DeferredPurchasePriceObligationIncludingAccretionAndRevisions	-4094000	USD
CY2016Q3	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	-6230000	USD
	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	-8769000	USD
CY2017Q3	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	72000	USD
	wgp	Gain Loss On Disposition Of Assets And Other Net GainLossOnDispositionOfAssetsAndOtherNet	135017000	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	581000	USD
	wgp	Partners Capital Account Adjustment Distributions To Contributions From Affiliate Of Other Assets PartnersCapitalAccountAdjustmentDistributionsToContributionsFromAffiliateOfOtherAssets	-1373000	USD
	wgp	Partners Capital Account Adjustment Preacquisition Contributions From Distributions To Affiliate PartnersCapitalAccountAdjustmentPreacquisitionContributionsFromDistributionsToAffiliate	30000	USD
	wgp	Partners Capital Account Deferred Purchase Price Obligation Change PartnersCapitalAccountDeferredPurchasePriceObligationChange	4165000	USD
CY2016Q3	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	0	USD
	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	11326000	USD
CY2017Q3	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	0	USD
	wgp	Preacquisition Net Income Loss Allocated To Parent PreacquisitionNetIncomeLossAllocatedToParent	0	USD
CY2016Q3	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	18417000	USD
	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	34782000	USD
CY2017Q3	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	18049000	USD
	wgp	Proceeds From Above Market Component Of Swap Extensions ProceedsFromAboveMarketComponentOfSwapExtensions	46719000	USD
	wgp	Proceeds From Payment To Affiliate ProceedsFromPaymentToAffiliate	-29335000	USD
	wgp	Proceeds From Payment To Affiliate ProceedsFromPaymentToAffiliate	30000	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;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
0001423902-17-000038-index-headers.html	Edgar Link	pending
0001423902-17-000038-index.html	Edgar Link	pending
0001423902-17-000038.txt	Edgar Link	pending
0001423902-17-000038-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
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wgp-20170930.xml	Edgar Link	completed
wgp-20170930.xsd	Edgar Link	pending
wgp-20170930_cal.xml	Edgar Link	unprocessable
wgp-20170930_def.xml	Edgar Link	unprocessable
wgp-20170930_lab.xml	Edgar Link	unprocessable
wgp-20170930_pre.xml	Edgar Link	unprocessable
wgp201710-qxq3.htm	Edgar Link	pending
wgp201710-qxq3xex311.htm	Edgar Link	pending
wgp201710-qxq3xex312.htm	Edgar Link	pending
wgp201710-qxq3xex321.htm	Edgar Link	pending

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$WES
Western Midstream Partners, LP Stock $wes

2017 Q4 Form 10-Q Financial Statement

#000142390217000038 Filed on November 01, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WES Western Midstream Partners, LP Stock $wes

2017 Q4 Form 10-Q Financial Statement

#000142390217000038 Filed on November 01, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WES
Western Midstream Partners, LP Stock $wes