Stock Analysis on Net

Kinder Morgan Inc. (NYSE:KMI)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2020.

Common-Size Balance Sheet: Assets

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Kinder Morgan Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Cash and cash equivalents
Restricted deposits
Marketable securities at fair value
Accounts receivable, net
Fair value of derivative contracts
Inventories
Other current assets
Current assets
Property, plant and equipment, net
Investments
Goodwill
Other intangibles, net
Deferred income taxes
Deferred charges and other assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).


Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets fluctuated over the period, starting at a low 0.27% in 2015 and peaking at 4.16% in 2018 before dropping sharply to 0.25% in 2019. This indicates variability in liquid asset holdings, with a notable accumulation in 2018 followed by reduction.
Restricted deposits
Restricted deposits steadily decreased as a percentage of total assets from 0.07% in 2015 to 0.03% in 2019, reflecting a declining trend in assets that are limited in use.
Marketable securities at fair value
Marketable securities data is only available for 2019, comprising 1.25% of total assets. This may suggest a new focus or increase in investment in marketable securities during the last year analyzed.
Accounts receivable, net
Accounts receivable showed a gradual increase from 1.56% in 2015 to a peak of 1.9% in 2018, followed by a slight decrease to 1.85% in 2019, indicating relatively stable receivables with a slight upward trend over the five years.
Fair value of derivative contracts
The relative amount of derivatives decreased consistently from 0.6% in 2015 to 0.11% in 2019, highlighting a reduction in exposure or valuation of derivative financial instruments over time.
Inventories
Inventories remained fairly stable throughout the period, fluctuating minimally between 0.44% and 0.54%, suggesting consistent inventory management relative to total assets.
Other current assets
Other current assets rose from 0.36% in 2015 to a peak of 0.64% in 2016, then declined and stabilized around 0.3% to 0.38% in later years, indicating some volatility but overall a minor proportion of total assets.
Current assets
Current assets showed a notable spike in 2018, increasing from 3.43% in 2017 to 7.26%, primarily driven by increases in cash and cash equivalents. However, in 2019, current assets declined back to 4.37%, indicating a temporary build-up of short-term assets.
Property, plant and equipment, net
This category comprised the largest portion of total assets consistently, hovering around 48-51%. A slight increase occurred in 2017 and 2019, indicating sustained investment in fixed assets.
Investments
Investments steadily increased from 7.18% in 2015 to 10.46% in 2019, reflecting a growing allocation of assets into investment securities or related holdings.
Goodwill
Goodwill remained relatively stable, fluctuating narrowly around 27-29% of total assets, suggesting stable acquisition-related intangible assets during the period.
Other intangibles, net
Other intangible assets decreased gradually from 4.22% in 2015 to 3.61% in 2019, indicating a slow reduction in net book value of intangible assets excluding goodwill.
Deferred income taxes
The relative portion of deferred income taxes declined significantly from 6.33% in 2015 to 1.16% in 2019, which may reflect changes in tax strategies or asset/liability recognition affecting deferred tax balances.
Deferred charges and other assets
This category showed modest fluctuations, with percentages varying between 1.72% and 2.41%, ending slightly higher in 2019 than in 2018, indicating minor changes in longer-term prepaid expenses or similar assets.
Non-current assets
Non-current assets accounted for the vast majority of total assets throughout the period, maintaining a range between approximately 93% and 97%, reinforcing the capital-intensive nature of the asset base. A dip to 92.74% occurred in 2018 coinciding with the spike in current assets.
Total assets
All categories are expressed as a percentage of total assets, which remained constant at 100%, serving as the reference base for these relative measures.