Stock Analysis on Net
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: Liabilities and Stockholders’ Equity

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Kinder Morgan Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Current portion of debt
Accounts payable
Distributions payable to KML noncontrolling interests
Accrued interest
Accrued taxes
Other current liabilities
Current liabilities
Outstanding
Debt fair value adjustments
Long-term debt, excluding current portion
Other long-term liabilities and deferred credits
Long-term liabilities and deferred credits
Total liabilities
Redeemable noncontrolling interest
Preferred stock, $0.01 par value, 9.75% Series A Mandatory Convertible, $1,000 per share liquidation preference
Class P shares, $0.01 par value
Additional paid-in capital
Retained deficit
Accumulated other comprehensive loss
Total Kinder Morgan, Inc.’s stockholders’ equity
Noncontrolling interests
Total stockholders’ equity
Total liabilities, redeemable noncontrolling interest and stockholders’ equity

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).

Current Liabilities Trend
The current liabilities portion, expressed as a percentage of total liabilities, redeemable noncontrolling interest, and stockholders’ equity, demonstrated an overall increase from 4.83% in 2015 to a peak of 9.58% in 2018, followed by a decline to 6.88% in 2019. Specific components such as the current portion of debt rose notably from 0.98% in 2015 to 4.30% in 2018, then decreased to 3.34% in 2019. Accounts payable remained relatively stable, fluctuating between 1.23% and 1.70%, with a slight downward trend by 2019. Other current liabilities decreased from 1.68% in 2016 to 1.07% in 2019. Accrued interest showed a minor decline and then stabilization around 0.73%-0.74% in the last two years. Accrued taxes appeared from 2017 onwards, increasing to 0.61% in 2018 before decreasing slightly to 0.49% in 2019. Distributions payable to KML noncontrolling interests were reported only in 2018 at 1.11%.
Long-term Liabilities and Debt
Long-term liabilities and deferred credits declined as a percentage of total liabilities and equity from 53.07% in 2015 to 45.79% in 2018, then slightly increased to 46.08% in 2019. Outstanding long-term debt steadily decreased from 48.43% in 2015 to 41.65% in 2019. Debt fair value adjustments experienced a decline from 1.99% in 2015 to 0.93% in 2018, but then rose to 1.39% in 2019. Other long-term liabilities and deferred credits showed some volatility, increasing from 2.65% in 2015 to 3.46% in 2017, then declining to 2.76% in 2018 and slightly rising to 3.04% in 2019.
Total Liabilities and Equity Composition
Total liabilities as a percentage of the total composition decreased moderately from 57.91% in 2015 to 52.95% in 2019, indicating a gradual reduction in the company’s reliance on liabilities. The company’s total stockholders’ equity showed a rising trend, growing from 42.09% in 2015 to 45.96% in 2019. Specifically, Kinder Morgan, Inc.’s stockholders’ equity increased from 41.76% to 45.5% over the period. Additional paid-in capital consistently increased from 49.54% in 2015 to 56.29% in 2019, reflecting an enhanced equity base. The retained deficit consistently deepened from -7.26% to -10.37%, suggesting ongoing accumulated losses affecting equity. Accumulated other comprehensive loss decreased in magnitude from -0.55% in 2015 to -0.45% in 2019, indicating slight improvement in comprehensive income elements.
Noncontrolling Interests
Noncontrolling interests showed fluctuations over the period. There was an increase from 0.34% in 2015 to 1.88% in 2017, followed by a decrease to 0.46% by 2019. Redeemable noncontrolling interest was recorded starting 2018 at 0.84% and increased to 1.08% in 2019.
Summary
The data reveals a trend towards a slight reduction in total liabilities as a portion of the capital structure, accompanied by an increase in equity contributions, especially in additional paid-in capital. While the company’s retained deficit has increased, offsetting some equity gains, the overall stockholders’ equity proportion has grown. The current liabilities experienced a temporary rise until 2018, then decreased, indicating possible improvements in short-term obligations management. Long-term debt has been gradually reduced relative to the total capital structure, signaling efforts to lower financial leverage. Changes in noncontrolling interests and redeemable interests suggest adjustments in ownership stakes or financial structuring.