← Western Midstream Partners, LP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $1.3b | $1.0b | $1.6b | $1.2b | |
| Net Income (Loss) Attributable to Parent | $345.8m | $376.6m | $551.6m | $697.2m | $527.0m | $916.3m | $1.2b | $1.0b | $1.6b | $1.2b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $597.0m | $573.2m | $630.7m | $807.7m | $516.9m | $944.0m | $1.3b | $1.0b | $1.6b | $1.2b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $251.2m | $196.6m | $79.1m | $110.5m | ($10.2m) | $27.7m | $34.4m | $25.8m | $37.7m | $31.5m | |
| Depreciation, Depletion and Amortization | $272.9m | $290.9m | $389.2m | $483.3m | $491.1m | $551.6m | $582.4m | $600.7m | $650.4m | $710.8m | |
| Amortization of Intangible Assets | $28.4m | $28.4m | $30.8m | $32.0m | $33.0m | $31.7m | $31.7m | $31.7m | $31.7m | $34.8m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $582.4m | $600.7m | $650.4m | $710.8m | |
| Deferred Income Tax Expense (Benefit) | $2.6m | $2.5m | $139.0m | $7.6m | $3.3m | ($9.8m) | $2.0m | $1.0m | $14.2m | $3.9m | |
| Deferred Other Tax Expense (Benefit) | ($135.4m) | — | $1.5m | ($268.7m) | — | — | — | — | — | — | |
| Deferred Income Tax | — | — | — | — | — | — | $2.0m | $1.0m | $14.2m | $3.9m | |
| Deferred Tax | — | — | — | — | — | — | $2.0m | $1.0m | $14.2m | $3.9m | |
| Share-based Payment Arrangement, Noncash Expense | $5.0m | $5.2m | $6.4m | $15.5m | $22.5m | $27.7m | $27.8m | $32.0m | $38.0m | $50.8m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | — | $50.8m | |
| Equity Method Investment, Other than Temporary Impairment | — | $3.1m | — | — | $29.4m | $11.8m | $19.9m | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $441.0m | $0 | $0 | — | — | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $0 | $0 | $0 | — | — | — | — | $0 | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $20.6m | $52.9m | $6.2m | $14.8m | |
| Gain (Loss) on Extinguishment of Debt | — | — | $0 | $0 | $11.2m | ($24.9m) | $91k | $15.4m | $5.4m | $0 | |
| Income (Loss) from Equity Method Investments | $78.7m | $85.2m | $195.5m | $237.5m | $226.8m | $204.6m | $183.5m | $153.0m | $112.4m | $85.8m | |
| Income Tax Expense (Benefit) | $8.4m | $4.9m | $58.9m | $13.5m | $6.0m | ($9.8m) | $4.2m | $4.4m | $18.1m | $15.1m | |
| Other Nonoperating Income (Expense) | $545k | $1.4m | ($4.8m) | ($123.8m) | $1.0m | ($623k) | $1.6m | $5.7m | $31.7m | $16.6m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($183.5m) | ($153.0m) | ($112.4m) | ($85.8m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $49.0m | $16.2m | $60.5m | $45.0m | $193.7m | ($16.4m) | $116.3m | $78.3m | $42.8m | ($36.0m) | |
| Asset Retirement Obligation, Accretion Expense | $6.8m | $7.0m | $7.9m | $13.6m | $15.1m | $12.7m | $14.5m | $15.0m | $19.4m | $21.5m | |
| General and Administrative Expense | $49.2m | $50.7m | $67.2m | $114.6m | $155.8m | $195.5m | $194.0m | $232.6m | $271.5m | $398.9m | |
| Goodwill | $417.6m | $416.2m | $445.8m | $445.8m | $4.8m | $4.8m | $4.8m | $4.8m | $4.8m | $353.3m | |
| Inventory Write-down | $168k | $145k | $752k | $236k | — | — | — | — | — | — | |
| Operating Costs and Expenses | $308.0m | $316.0m | $480.9m | $641.2m | $580.9m | $581.3m | $654.6m | $762.5m | $880.6m | $915.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $195.6m | $286.7m | $272.8m | $1.1b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($1.4b) | ($67.9m) | ($1.3b) | ($1.4b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($218.2m) | ($1.6b) | ($39.2m) | ($1.1b) | |
| Change In Other Working Capital | — | — | — | — | — | — | $34.8m | $67.6m | $175.2m | $174.3m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($17.2m) | ($68.0m) | ($21.9m) | ($4.0m) | |
| Change In Receivables | — | — | — | — | — | — | ($116.3m) | ($78.3m) | ($42.8m) | $36.0m | |
| Change In Working Capital | — | — | — | — | — | — | ($98.7m) | ($78.8m) | $110.5m | $206.3m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($116.3m) | ($78.3m) | ($42.8m) | $36.0m | |
| Changes In Cash | — | — | — | — | — | — | $90.5m | ($13.9m) | $817.7m | ($271.0m) | |
| End Cash Position | — | — | — | — | — | — | $286.1m | $272.8m | $1.1b | $819.5m | |
| Financing Cash Flow | — | — | — | — | — | — | ($1.4b) | ($67.9m) | ($1.3b) | ($1.4b) | |
| Free Cash Flow | — | — | — | — | — | — | $1.2b | $926.3m | $1.3b | $1.5b | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($103.7m) | $10.1m | ($296.8m) | $11.1m | |
| Investing Cash Flow | — | — | — | — | — | — | ($218.2m) | ($1.6b) | ($39.2m) | ($1.1b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($49.8m) | ($878.9m) | ($10.1m) | ($368.6m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($287.2m) | ($158.2m) | ($414.6m) | ($74.7m) | |
| Other Non Cash Items | — | — | — | — | — | — | $7.7m | $8.6m | $9.5m | $7.2m | |
| Purchase Of Business | — | — | — | — | — | — | ($49.8m) | ($878.9m) | ($10.1m) | ($368.6m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($487.6m) | ($134.6m) | $0 | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $27.2m | $32.0m | $38.0m | $50.8m | |
| Net Cash Provided by (Used in) Operating Activities | $913.1m | $897.4m | $1.3b | $1.3b | $1.6b | $1.8b | $1.7b | $1.7b | $2.1b | $2.2b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($487.2m) | ($735.1m) | ($833.9m) | ($728.0m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($487.2m) | ($735.1m) | ($833.9m) | ($728.0m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | $57.8m | ($11.1m) | $9.5m | $32.3m | $18.3m | $20.1m | |
| Net Other Investing Changes | — | — | — | — | — | — | $254.9m | ($32.4m) | $774.0m | ($20.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($1.1b) | ($763.6m) | ($2.2b) | ($3.4b) | ($448.3m) | ($257.5m) | ($218.2m) | ($1.6b) | ($39.2m) | ($1.1b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $1.3b | $370.0m | $2.7b | $4.2b | $3.7b | $480.0m | $1.4b | $2.4b | $789.0m | $1.2b | |
| Issuance Of Debt | — | — | — | — | — | — | $1.4b | $3.1b | $789.0m | $1.2b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $1.4b | $2.4b | $789.0m | $1.2b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($129.5m) | $1.1b | $34.9m | $103.7m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($129.5m) | $480.8m | $645.2m | $103.7m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $0 | $609.9m | ($610.3m) | $0 | |
| Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $609.9m | — | $0 | |
| Repayments of Long-term Debt | $900.0m | $0 | $1.0b | $1.5b | $3.8b | $1.4b | $1.5b | $2.0b | $143.9m | $1.1b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.5b) | ($2.0b) | ($143.9m) | ($1.1b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.5b) | ($2.0b) | ($754.2m) | ($1.1b) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($487.6m) | ($134.6m) | $0 | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | — | $32.5m | $217.5m | $487.6m | $134.6m | $0 | $0 | |
| Common Stock Payments | — | — | — | — | — | — | ($487.6m) | ($134.6m) | $0 | $0 | |
| Dividends paid | $374.1m | $442.0m | $502.5m | $969.1m | $695.8m | $533.8m | $735.8m | $978.4m | $1.2b | $1.4b | |
| Cash Dividends Paid | — | — | — | — | — | — | ($1.2b) | ($978.4m) | ($1.2b) | ($1.4b) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($1.2b) | ($978.4m) | ($1.2b) | ($1.4b) | |
| Dividend Received CFO | — | — | — | — | — | — | $186.2m | $155.2m | $111.4m | $91.0m | |
| Dividends Received CFI | — | — | — | — | — | — | $63.9m | $39.1m | $30.9m | $31.4m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | ($4.3m) | ($13.6m) | ($18.6m) | ($33.4m) | ($41.5m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($11.3m) | ($45.6m) | ($68.8m) | ($81.1m) | |
| Net Cash Provided by (Used in) Financing Activities | $451.8m | ($413.3m) | $875.2m | $2.1b | ($844.2m) | ($1.8b) | ($1.4b) | ($67.9m) | ($1.3b) | ($1.4b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $259.4m | ($279.5m) | $12.6m | $7.8m | $345.0m | ($242.9m) | $84.7m | ($13.9m) | $817.7m | ($271.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $286.7m | $272.8m | $1.1b | $819.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $90.5m | ($13.9m) | $817.7m | ($271.0m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $107.7m | $138.9m | $140.7m | $293.8m | $349.9m | $375.0m | $355.4m | $326.9m | $360.8m | $381.0m | |
| Income Taxes Paid, Net | $838k | $1.2m | $2.4m | $96k | ($384k) | $938k | $912k | $4.1m | $2.2m | $3.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.