Analysis of Reportable Segments
Kinder Morgan Inc. operates in 5 segments: Natural Gas Pipelines; Products Pipelines; Terminals; CO2; and Kinder Morgan Canada.
Segment Profit Margin
Kinder Morgan Inc., profit margin by reportable segment
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Natural Gas Pipelines | 57.05% | 39.71% | 40.46% | 40.11% | 35.15% |
| Products Pipelines | 66.90% | 68.48% | 74.11% | 64.71% | 60.40% |
| Terminals | 74.04% | 58.00% | 62.26% | 56.09% | 46.73% |
| CO2 | 55.87% | 60.48% | 70.82% | 67.73% | 38.73% |
| Kinder Morgan Canada | — | 423.53% | 72.66% | 71.54% | 70.00% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Natural Gas Pipelines | Natural Gas Pipelines segment profit margin ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
| Products Pipelines | Products Pipelines segment profit margin ratio deteriorated from 2017 to 2018 and from 2018 to 2019. | |
| Terminals | Terminals segment profit margin ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. | |
| CO2 | CO2 segment profit margin ratio deteriorated from 2017 to 2018 and from 2018 to 2019. | |
| Kinder Morgan Canada | Kinder Morgan Canada segment profit margin ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment Profit Margin: Natural Gas Pipelines
Kinder Morgan Inc.; Natural Gas Pipelines; segment profit margin calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBDA | 4,661) | 3,580) | 3,487) | 3,211) | 3,067) |
| Revenues | 8,170) | 9,015) | 8,618) | 8,005) | 8,725) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 57.05% | 39.71% | 40.46% | 40.11% | 35.15% |
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).
1 2019 Calculation
Segment profit margin = 100 × Segment EBDA ÷ Revenues
= 100 × 4,661 ÷ 8,170 = 57.05%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Natural Gas Pipelines | Natural Gas Pipelines segment profit margin ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
Segment Profit Margin: Products Pipelines
Kinder Morgan Inc.; Products Pipelines; segment profit margin calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBDA | 1,225) | 1,173) | 1,231) | 1,067) | 1,106) |
| Revenues | 1,831) | 1,713) | 1,661) | 1,649) | 1,831) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 66.90% | 68.48% | 74.11% | 64.71% | 60.40% |
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).
1 2019 Calculation
Segment profit margin = 100 × Segment EBDA ÷ Revenues
= 100 × 1,225 ÷ 1,831 = 66.90%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Products Pipelines | Products Pipelines segment profit margin ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
Segment Profit Margin: Terminals
Kinder Morgan Inc.; Terminals; segment profit margin calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBDA | 1,506) | 1,171) | 1,224) | 1,078) | 878) |
| Revenues | 2,034) | 2,019) | 1,966) | 1,922) | 1,879) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 74.04% | 58.00% | 62.26% | 56.09% | 46.73% |
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).
1 2019 Calculation
Segment profit margin = 100 × Segment EBDA ÷ Revenues
= 100 × 1,506 ÷ 2,034 = 74.04%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Terminals | Terminals segment profit margin ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
Segment Profit Margin: CO2
Kinder Morgan Inc.; CO2; segment profit margin calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBDA | 681) | 759) | 847) | 827) | 658) |
| Revenues | 1,219) | 1,255) | 1,196) | 1,221) | 1,699) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 55.87% | 60.48% | 70.82% | 67.73% | 38.73% |
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).
1 2019 Calculation
Segment profit margin = 100 × Segment EBDA ÷ Revenues
= 100 × 681 ÷ 1,219 = 55.87%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | CO2 | CO2 segment profit margin ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
Segment Profit Margin: Kinder Morgan Canada
Kinder Morgan Inc.; Kinder Morgan Canada; segment profit margin calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBDA | (2) | 720) | 186) | 181) | 182) |
| Revenues | —) | 170) | 256) | 253) | 260) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | — | 423.53% | 72.66% | 71.54% | 70.00% |
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).
1 2019 Calculation
Segment profit margin = 100 × Segment EBDA ÷ Revenues
= 100 × -2 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Kinder Morgan Canada | Kinder Morgan Canada segment profit margin ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment Return on Assets (Segment ROA)
Kinder Morgan Inc., ROA by reportable segment
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Natural Gas Pipelines | 9.26% | 6.94% | 6.81% | 6.37% | 5.71% |
| Products Pipelines | 12.94% | 13.92% | 14.42% | 12.81% | 13.07% |
| Terminals | 16.94% | 12.61% | 12.32% | 11.08% | 9.67% |
| CO2 | 19.33% | 19.32% | 21.46% | 20.34% | 13.98% |
| Kinder Morgan Canada | — | — | 8.94% | 11.51% | 12.69% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Natural Gas Pipelines | Natural Gas Pipelines segment ROA improved from 2017 to 2018 and from 2018 to 2019. |
| Products Pipelines | Products Pipelines segment ROA deteriorated from 2017 to 2018 and from 2018 to 2019. | |
| Terminals | Terminals segment ROA improved from 2017 to 2018 and from 2018 to 2019. | |
| CO2 | CO2 segment ROA deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019. | |
| Kinder Morgan Canada |
Segment ROA: Natural Gas Pipelines
Kinder Morgan Inc.; Natural Gas Pipelines; segment ROA calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBDA | 4,661) | 3,580) | 3,487) | 3,211) | 3,067) |
| Assets | 50,310) | 51,562) | 51,173) | 50,428) | 53,704) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 9.26% | 6.94% | 6.81% | 6.37% | 5.71% |
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).
1 2019 Calculation
Segment ROA = 100 × Segment EBDA ÷ Assets
= 100 × 4,661 ÷ 50,310 = 9.26%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Natural Gas Pipelines | Natural Gas Pipelines segment ROA improved from 2017 to 2018 and from 2018 to 2019. |
Segment ROA: Products Pipelines
Kinder Morgan Inc.; Products Pipelines; segment ROA calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBDA | 1,225) | 1,173) | 1,231) | 1,067) | 1,106) |
| Assets | 9,468) | 8,429) | 8,539) | 8,329) | 8,464) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 12.94% | 13.92% | 14.42% | 12.81% | 13.07% |
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).
1 2019 Calculation
Segment ROA = 100 × Segment EBDA ÷ Assets
= 100 × 1,225 ÷ 9,468 = 12.94%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Products Pipelines | Products Pipelines segment ROA deteriorated from 2017 to 2018 and from 2018 to 2019. |
Segment ROA: Terminals
Kinder Morgan Inc.; Terminals; segment ROA calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBDA | 1,506) | 1,171) | 1,224) | 1,078) | 878) |
| Assets | 8,890) | 9,283) | 9,935) | 9,725) | 9,083) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 16.94% | 12.61% | 12.32% | 11.08% | 9.67% |
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).
1 2019 Calculation
Segment ROA = 100 × Segment EBDA ÷ Assets
= 100 × 1,506 ÷ 8,890 = 16.94%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Terminals | Terminals segment ROA improved from 2017 to 2018 and from 2018 to 2019. |
Segment ROA: CO2
Kinder Morgan Inc.; CO2; segment ROA calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBDA | 681) | 759) | 847) | 827) | 658) |
| Assets | 3,523) | 3,928) | 3,946) | 4,065) | 4,706) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 19.33% | 19.32% | 21.46% | 20.34% | 13.98% |
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).
1 2019 Calculation
Segment ROA = 100 × Segment EBDA ÷ Assets
= 100 × 681 ÷ 3,523 = 19.33%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | CO2 | CO2 segment ROA deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019. |
Segment ROA: Kinder Morgan Canada
Kinder Morgan Inc.; Kinder Morgan Canada; segment ROA calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBDA | (2) | 720) | 186) | 181) | 182) |
| Assets | —) | —) | 2,080) | 1,572) | 1,434) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | — | — | 8.94% | 11.51% | 12.69% |
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).
1 2019 Calculation
Segment ROA = 100 × Segment EBDA ÷ Assets
= 100 × -2 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Kinder Morgan Canada |
Segment Asset Turnover
Kinder Morgan Inc., asset turnover by reportable segment
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Natural Gas Pipelines | 0.16 | 0.17 | 0.17 | 0.16 | 0.16 |
| Products Pipelines | 0.19 | 0.20 | 0.19 | 0.20 | 0.22 |
| Terminals | 0.23 | 0.22 | 0.20 | 0.20 | 0.21 |
| CO2 | 0.35 | 0.32 | 0.30 | 0.30 | 0.36 |
| Kinder Morgan Canada | — | — | 0.12 | 0.16 | 0.18 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Natural Gas Pipelines | Natural Gas Pipelines segment asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| Products Pipelines | Products Pipelines segment asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. | |
| Terminals | Terminals segment asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. | |
| CO2 | CO2 segment asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. | |
| Kinder Morgan Canada |
Segment Asset Turnover: Natural Gas Pipelines
Kinder Morgan Inc.; Natural Gas Pipelines; segment asset turnover calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 8,170) | 9,015) | 8,618) | 8,005) | 8,725) |
| Assets | 50,310) | 51,562) | 51,173) | 50,428) | 53,704) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.16 | 0.17 | 0.17 | 0.16 | 0.16 |
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).
1 2019 Calculation
Segment asset turnover = Revenues ÷ Assets
= 8,170 ÷ 50,310 = 0.16
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Natural Gas Pipelines | Natural Gas Pipelines segment asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment Asset Turnover: Products Pipelines
Kinder Morgan Inc.; Products Pipelines; segment asset turnover calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 1,831) | 1,713) | 1,661) | 1,649) | 1,831) |
| Assets | 9,468) | 8,429) | 8,539) | 8,329) | 8,464) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.19 | 0.20 | 0.19 | 0.20 | 0.22 |
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).
1 2019 Calculation
Segment asset turnover = Revenues ÷ Assets
= 1,831 ÷ 9,468 = 0.19
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Products Pipelines | Products Pipelines segment asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment Asset Turnover: Terminals
Kinder Morgan Inc.; Terminals; segment asset turnover calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 2,034) | 2,019) | 1,966) | 1,922) | 1,879) |
| Assets | 8,890) | 9,283) | 9,935) | 9,725) | 9,083) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.23 | 0.22 | 0.20 | 0.20 | 0.21 |
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).
1 2019 Calculation
Segment asset turnover = Revenues ÷ Assets
= 2,034 ÷ 8,890 = 0.23
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Terminals | Terminals segment asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Segment Asset Turnover: CO2
Kinder Morgan Inc.; CO2; segment asset turnover calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 1,219) | 1,255) | 1,196) | 1,221) | 1,699) |
| Assets | 3,523) | 3,928) | 3,946) | 4,065) | 4,706) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.35 | 0.32 | 0.30 | 0.30 | 0.36 |
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).
1 2019 Calculation
Segment asset turnover = Revenues ÷ Assets
= 1,219 ÷ 3,523 = 0.35
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | CO2 | CO2 segment asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Segment Asset Turnover: Kinder Morgan Canada
Kinder Morgan Inc.; Kinder Morgan Canada; segment asset turnover calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | —) | 170) | 256) | 253) | 260) |
| Assets | —) | —) | 2,080) | 1,572) | 1,434) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | — | — | 0.12 | 0.16 | 0.18 |
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).
1 2019 Calculation
Segment asset turnover = Revenues ÷ Assets
= 0 ÷ 0 = —
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Kinder Morgan Canada |
Segment Capital Expenditures to Depreciation
Kinder Morgan Inc., capital expenditures to depreciation by reportable segment
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Natural Gas Pipelines | 1.37 | 1.53 | 1.36 | 1.18 | 1.57 |
| Products Pipelines | 0.52 | 0.66 | 0.59 | 1.10 | 2.54 |
| Terminals | 0.70 | 0.79 | 1.88 | 2.26 | 1.96 |
| CO2 | 0.64 | 0.84 | 0.88 | 0.62 | 1.30 |
| Kinder Morgan Canada | — | 11.45 | 7.35 | 2.82 | 3.09 |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Natural Gas Pipelines | Natural Gas Pipelines segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
| Products Pipelines | Products Pipelines segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. | |
| Terminals | Terminals segment capital expenditures to depreciation ratio deteriorated from 2017 to 2018 and from 2018 to 2019. | |
| CO2 | CO2 segment capital expenditures to depreciation ratio deteriorated from 2017 to 2018 and from 2018 to 2019. | |
| Kinder Morgan Canada | Kinder Morgan Canada segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment Capital Expenditures to Depreciation: Natural Gas Pipelines
Kinder Morgan Inc.; Natural Gas Pipelines; segment capital expenditures to depreciation calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 1,377) | 1,620) | 1,376) | 1,227) | 1,642) |
| DD&A | 1,005) | 1,058) | 1,011) | 1,041) | 1,046) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.37 | 1.53 | 1.36 | 1.18 | 1.57 |
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).
1 2019 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ DD&A
= 1,377 ÷ 1,005 = 1.37
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Natural Gas Pipelines | Natural Gas Pipelines segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
Segment Capital Expenditures to Depreciation: Products Pipelines
Kinder Morgan Inc.; Products Pipelines; segment capital expenditures to depreciation calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 175) | 150) | 127) | 244) | 524) |
| DD&A | 338) | 228) | 216) | 221) | 206) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.52 | 0.66 | 0.59 | 1.10 | 2.54 |
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).
1 2019 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ DD&A
= 175 ÷ 338 = 0.52
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Products Pipelines | Products Pipelines segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment Capital Expenditures to Depreciation: Terminals
Kinder Morgan Inc.; Terminals; segment capital expenditures to depreciation calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 347) | 380) | 888) | 983) | 847) |
| DD&A | 494) | 484) | 472) | 435) | 433) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.70 | 0.79 | 1.88 | 2.26 | 1.96 |
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).
1 2019 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ DD&A
= 347 ÷ 494 = 0.70
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Terminals | Terminals segment capital expenditures to depreciation ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
Segment Capital Expenditures to Depreciation: CO2
Kinder Morgan Inc.; CO2; segment capital expenditures to depreciation calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 349) | 397) | 436) | 276) | 725) |
| DD&A | 548) | 473) | 493) | 446) | 556) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.64 | 0.84 | 0.88 | 0.62 | 1.30 |
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).
1 2019 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ DD&A
= 349 ÷ 548 = 0.64
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | CO2 | CO2 segment capital expenditures to depreciation ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
Segment Capital Expenditures to Depreciation: Kinder Morgan Canada
Kinder Morgan Inc.; Kinder Morgan Canada; segment capital expenditures to depreciation calculation
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | —) | 332) | 338) | 124) | 142) |
| DD&A | —) | 29) | 46) | 44) | 46) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | — | 11.45 | 7.35 | 2.82 | 3.09 |
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).
1 2019 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ DD&A
= 0 ÷ 0 = —
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Kinder Morgan Canada | Kinder Morgan Canada segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Revenues
Kinder Morgan Inc., revenues by reportable segment
US$ in millions
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Natural Gas Pipelines | 8,170) | 9,015) | 8,618) | 8,005) | 8,725) |
| Products Pipelines | 1,831) | 1,713) | 1,661) | 1,649) | 1,831) |
| Terminals | 2,034) | 2,019) | 1,966) | 1,922) | 1,879) |
| CO2 | 1,219) | 1,255) | 1,196) | 1,221) | 1,699) |
| Kinder Morgan Canada | —) | 170) | 256) | 253) | 260) |
| Corporate and intersegment eliminations | (45) | (28) | 8) | 8) | 9) |
| Total | 13,209) | 14,144) | 13,705) | 13,058) | 14,403) |
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).
DD&A
Kinder Morgan Inc., dd&a by reportable segment
US$ in millions
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Natural Gas Pipelines | 1,005) | 1,058) | 1,011) | 1,041) | 1,046) |
| Products Pipelines | 338) | 228) | 216) | 221) | 206) |
| Terminals | 494) | 484) | 472) | 435) | 433) |
| CO2 | 548) | 473) | 493) | 446) | 556) |
| Kinder Morgan Canada | —) | 29) | 46) | 44) | 46) |
| Corporate | 26) | 25) | 23) | 22) | 22) |
| Total | 2,411) | 2,297) | 2,261) | 2,209) | 2,309) |
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).
Segment EBDA
Kinder Morgan Inc., segment ebda by reportable segment
US$ in millions
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Natural Gas Pipelines | 4,661) | 3,580) | 3,487) | 3,211) | 3,067) |
| Products Pipelines | 1,225) | 1,173) | 1,231) | 1,067) | 1,106) |
| Terminals | 1,506) | 1,171) | 1,224) | 1,078) | 878) |
| CO2 | 681) | 759) | 847) | 827) | 658) |
| Kinder Morgan Canada | (2) | 720) | 186) | 181) | 182) |
| Total | 8,071) | 7,403) | 6,975) | 6,364) | 5,891) |
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).
Capital expenditures
Kinder Morgan Inc., capital expenditures by reportable segment
US$ in millions
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Natural Gas Pipelines | 1,377) | 1,620) | 1,376) | 1,227) | 1,642) |
| Products Pipelines | 175) | 150) | 127) | 244) | 524) |
| Terminals | 347) | 380) | 888) | 983) | 847) |
| CO2 | 349) | 397) | 436) | 276) | 725) |
| Kinder Morgan Canada | —) | 332) | 338) | 124) | 142) |
| Corporate | 22) | 25) | 23) | 28) | 16) |
| Total | 2,270) | 2,904) | 3,188) | 2,882) | 3,896) |
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).
Assets
Kinder Morgan Inc., assets by reportable segment
US$ in millions
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Natural Gas Pipelines | 50,310) | 51,562) | 51,173) | 50,428) | 53,704) |
| Products Pipelines | 9,468) | 8,429) | 8,539) | 8,329) | 8,464) |
| Terminals | 8,890) | 9,283) | 9,935) | 9,725) | 9,083) |
| CO2 | 3,523) | 3,928) | 3,946) | 4,065) | 4,706) |
| Kinder Morgan Canada | —) | —) | 2,080) | 1,572) | 1,434) |
| Corporate | 1,966) | 5,664) | 3,382) | 6,108) | 6,694) |
| Assets held for sale | —) | —) | —) | 78) | 19) |
| Total | 74,157) | 78,866) | 79,055) | 80,305) | 84,104) |
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).