Targa Resources Corp. company info

CIK 1389170
IRS Number 000000000
State of incorporation DE
Business address TARGA RESOURCES PARTNERS LP
1000 LOUISIANA STREET, SUITE 4300
HOUSTON
TX
77002
Mail address TARGA RESOURCES PARTNERS LP
1000 LOUISIANA STREET, SUITE 4300
HOUSTON
TX
77002

Short summary

Targa Resources Corp. is a Texas company, with head office located at Targa Resources Partners Lp Houston, Texas 77002. The company achieved a record breaking net income in 2014 - 102.30 million USD. In 2018 the company owned a total of 17.57 billion USD worth of assets, including 1.18 billion USD worth of current assets. The company amassed the most assets last year, totalling up to 17.57 billion USD.

Targa Resources Corp. Income Statement

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Cost of Goods and Services Sold 4,922.906,906.108,238.20
Gross Profit 955.501,006.701,177.501,569.601,8211,7681,908.802,245.80
Operating Income (Loss) 217.20196.10351.10336.30368.20640.50159.3055.80-122.40237.50
Interest expense 132.10110.90111.70120.80134.10
Other Nonoperating Income (Expense) 1.200.50-1.20-8.4015.30-8-27.801.20-2.600.10
Income Tax Expense (Benefit) 20.7022.5026.6036.9048.206839.60-100.60-397.105.50
Net income 29.30-1530.7038.1065.10102.3058.30-187.30541.60

Targa Resources Corp. Balance Sheet

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Cash and cash equivalents 362.80249.40154.70117.5082.9075.90105.70170.9098.70281.60124.90
Accounts Receivable, Net, Current 495.80368.10435.80682.60602.50490.10550.40867.20752.80
Inventories 69.9089.70138.30151.70124.80111197.70181.40197.90
Deferred income taxes 3.6000400
Property, Plant and Equipment, Gross 3,498.304,060.905,166.806,165.6011,60212,229.4013,313.6015,45118,189.30
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 910.901,096.401,283.401,541.801,917.702,526.903,086.804,029.704,485.90
Goodwill 707393256.60256.6046.60
Intangible Assets, Net (Excluding Goodwill) 653.401,602.40
Other Assets, Noncurrent 121.3095.1095.5088.80113.3058.1019.7026.8069
Total assets 3,367.503,501.303,780.505,407.106,328.4013,352.9013,000.1013,918.4015,596.1017,569.20
Current assets 779.40649.50697.90939.20963.50856.70914.901,431.501,181
Accounts payable 326.40345.40
Taxes Payable, Current 10.1011.70
Total current liabilities 702.70487.80608.60818.90847937.601,395.601,953.302,041.60
Long-term Debt, Excluding Current Maturities 1,265.801,610.302,7283,048.205,796.104,778.303,937.505,392.507,118.50
Long-term Debt 2,508.303,017.303,093.405,003.304,437.605,572.507,436.60
Deferred income taxes 119.90107.30125142.70133.501,083852.90519.20507.60
Retained Earnings (Accumulated Deficit) -83.50-51.90-3.7026.5015.40-25.90-192.9060-169.30
Accumulated Other Comprehensive Income (Loss), Net of Tax -4.2061.70-0.903.50-5.7021.50-37.9048.90

Targa Resources Corp. Cash Flow

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Net income 29.30-1530.7038.1065.10102.3058.30-187.30541.60
Depreciation 244.50289.50540.40601.50621.30633.30
Amortization of Intangible Assets -27.40-61.50136.70156.10188.20182.60
Depreciation and amortization 170.30185.50181197.60271.90351677.10757.70809.50815.90
Deferred Income Tax Expense (Benefit) 19.1033.1012.3095.40-4.4024.60-37.80-392.705.50
Inventories -19.3011.4041.10-684.5036.20-41.4015.9073.2013.90
Net Cash Provided by (Used in) Operating Activities 335.80205.20379.30428.20382.70837.40939.501,144
Payments to Acquire Property, Plant, and Equipment 99.40139.30331.90582.701,013.60762.20817.20562.101,297.503,114.80
Payments to Acquire Businesses, Net of Cash Acquired 996.20001,574.40570.80
Net Cash Provided by (Used in) Investing Activities -59.30-131.30-509.30-1,590.70-1,026.30-558.60-1,892.70-3,146.90
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -1,590.70-1,026.30-751.40-2,399.60-558.60-1,892.70
Proceeds from Issuance of Common Stock 00336.80577.301,660.40689
Payments for Repurchase of Common Stock 00.1009.5013.302.603.30
Payments of Ordinary Dividends, Common Stock 0210.1038.2062.2087.80113179
Net Cash Provided by (Used in) Financing Activities -386.90-137.9087.401,093634-345.501,016.902,097.80
Cash and Cash Equivalents, Period Increase (Decrease) -110.40-64-42.60-69.50-9.6014.30