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Guarantee of Securities of Subsidiaries (Notes)
 3 Months Ended
Mar. 31, 2016
Guarantee of Securities of Subsidiaries [Abstract]  
Guarantees [Text Block]
Guarantee of Securities of Subsidiaries

KMI, along with its direct and indirect subsidiaries KMP and Copano, are issuers of certain public debt securities. After the completion of the Merger Transactions, KMI, KMP, Copano and substantially all of KMI’s wholly owned domestic subsidiaries, entered into a cross guarantee agreement whereby each party to the agreement unconditionally guarantees, jointly and severally, the payment of specified indebtedness of each other party to the agreement. Accordingly, with the exception of certain subsidiaries identified as Subsidiary Non-Guarantors, the parent issuer, subsidiary issuers and other subsidiaries are all guarantors of each series of public debt. As a result of the cross guarantee agreement, a holder of any of the guaranteed public debt securities issued by KMI, KMP or Copano are in the same position with respect to the net assets, income and cash flows of KMI and the Subsidiary Issuers and Guarantors. The only amounts that are not available to the holders of each of the guaranteed public debt securities to satisfy the repayment of such securities are the net assets, income and cash flows of the Subsidiary Non-Guarantors.

In lieu of providing separate financial statements for each subsidiary issuer and guarantor, we have included the accompanying condensed consolidating financial statements based on Rule 3-10 of the SEC’s Regulation S-X.  We have presented each of the parent and subsidiary issuers in separate columns in this single set of condensed consolidating financial statements.

Excluding fair value adjustments, as of March 31, 2016, Parent Issuer and Guarantor, Subsidiary Issuer and Guarantor-KMP, Subsidiary Issuer and Guarantor-Copano, and Subsidiary Guarantors had $15,291 million, $19,485 million, $332 million, and $5,784 million, respectively, of Guaranteed Notes outstanding.  Included in the Subsidiary Guarantors debt balance as presented in the accompanying March 31, 2016 condensed consolidating balance sheets is approximately $174 million of capitalized lease debt that is not subject to the cross guarantee agreement.

The accounts within the Parent Issuer and Guarantor, Subsidiary Issuer and Guarantor-KMP, Subsidiary Issuer and Guarantor-Copano, Subsidiary Guarantors and Subsidiary Non-Guarantors are presented using the equity method of accounting for investments in subsidiaries, including subsidiaries that are guarantors and non-guarantors, for purposes of these condensed consolidating financial statements only.  These intercompany investments and related activity eliminate in consolidation and are presented separately in the accompanying balance sheets and statements of income and cash flows.

A significant amount of each Issuers’ income and cash flow is generated by its respective subsidiaries.  As a result, the funds necessary to meet its debt service and/or guarantee obligations are provided in large part by distributions or advances it receives from its respective subsidiaries.  We utilize a centralized cash pooling program among our majority-owned and consolidated subsidiaries, including the Subsidiary Issuers and Guarantors and Subsidiary Non-Guarantors. The following Condensed Consolidating Statements of Cash Flows present the intercompany loan and distribution activity, as well as cash collection and payments made on behalf of our subsidiaries, as cash activities.

Effective December 31, 2015, Kinder Morgan (Delaware), Inc. and Kinder Morgan Services LLC merged into KMI. As a result of such merger, both entities are no longer Subsidiary Guarantors, and for all periods presented, financial statement balances and activities for Kinder Morgan (Delaware), Inc. and Kinder Morgan Services LLC are reflected within the Parent Issuer and Guarantor column.

Condensed Consolidating Statements of Income and Comprehensive Income
for the Three Months Ended March 31, 2016
(In Millions)
(Unaudited)
 
 
Parent
Issuer and
Guarantor
 
Subsidiary
Issuer and
Guarantor -
KMP
 
Subsidiary
Issuer and
Guarantor -
Copano
 
Subsidiary
Guarantors
 
Subsidiary
Non-Guarantors
 
Consolidating Adjustments
 
Consolidated KMI
Total Revenues
 
$
9

 
$
—

 
$
—

 
$
2,825

 
$
370

 
$
(9
)
 
$
3,195

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Costs, Expenses and Other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs of sales
 
—

 
—

 
—

 
652

 
76

 
3

 
731

Depreciation, depletion and amortization
 
5

 
—

 
—

 
456

 
90

 
—

 
551

Other operating expenses
 
19

 
2

 
—

 
813

 
275

 
(12
)
 
1,097

Total Operating Costs, Expenses and Other
 
24

 
2

 
—

 
1,921

 
441

 
(9
)
 
2,379

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating (loss) income
 
(15
)
 
(2
)
 
—

 
904

 
(71
)
 
—

 
816

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from consolidated subsidiaries
 
658

 
597

 
7

 
13

 
14

 
(1,289
)
 
—

Earnings from equity investments
 
—

 
—

 
—

 
94

 
—

 
—

 
94

Interest, net
 
(170
)
 
63

 
(12
)
 
(309
)
 
(13
)
 
—

 
(441
)
Amortization of excess cost of equity investments and other, net
 
—

 
—

 
—

 
(5
)
 
4

 
—

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before Income Taxes
 
473

 
658

 
(5
)
 
697

 
(66
)
 
(1,289
)
 
468

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income Tax (Expense) Benefit
 
(158
)
 
(2
)
 
—

 
6

 
—

 
—

 
(154
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss)
 
315

 
656

 
(5
)
 
703

 
(66
)
 
(1,289
)
 
314

Net Loss Attributable to Noncontrolling Interests
 
—

 
—

 
—

 
—

 
—

 
1

 
1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) Attributable to Controlling Interests
 
315

 
656

 
(5
)
 
703

 
(66
)
 
(1,288
)
 
315

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock Dividends
 
(39
)
 
—

 
—

 
—

 
—

 
—

 
(39
)
Net Income (Loss) Available to Common Stockholders
 
$
276

 
$
656

 
$
(5
)
 
$
703


$
(66
)
 
$
(1,288
)
 
$
276

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (loss)
 
$
315

 
$
656

 
$
(5
)
 
$
703

 
$
(66
)
 
$
(1,289
)
 
$
314

Total other comprehensive income (loss)
 
47

 
52

 
—

 
(6
)
 
124

 
(170
)
 
47

Comprehensive income (loss)
 
362

 
708

 
(5
)
 
697

 
58

 
(1,459
)
 
361

Comprehensive loss attributable to noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
1

 
1

Comprehensive income (loss) attributable to controlling interests
 
$
362

 
$
708

 
$
(5
)
 
$
697

 
$
58

 
$
(1,458
)
 
$
362


Condensed Consolidating Statements of Income and Comprehensive Income
for the Three Months Ended March 31, 2015
(In Millions)
(Unaudited)
 
 
Parent
Issuer and
Guarantor
 
Subsidiary
Issuer and
Guarantor -
KMP
 
Subsidiary
Issuer and
Guarantor -
Copano
 
Subsidiary
Guarantors
 
Subsidiary
Non-Guarantors
 
Consolidating Adjustments
 
Consolidated KMI
Total Revenues
 
$
9

 
$
—

 
$
—

 
$
3,226

 
$
375

 
$
(13
)
 
$
3,597

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Costs, Expenses and Other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs of sales
 
—

 
—

 
—

 
1,001

 
89

 
—

 
1,090

Depreciation, depletion and amortization
 
5

 
—

 
—

 
442

 
91

 
—

 
538

Other operating expenses
 
12

 
38

 
1

 
685

 
168

 
(13
)
 
891

Total Operating Costs, Expenses and Other
 
17

 
38

 
1

 
2,128

 
348

 
(13
)
 
2,519

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating (loss) income
 
(8
)
 
(38
)
 
(1
)
 
1,098

 
27

 
—

 
1,078

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (losses) from consolidated subsidiaries
 
799

 
883

 
(23
)
 
14

 
16

 
(1,689
)
 
—

Earnings from equity investments
 
—

 
—

 
—

 
76

 
—

 
—

 
76

Interest, net
 
(155
)
 
(27
)
 
(12
)
 
(304
)
 
(14
)
 
—

 
(512
)
Amortization of excess cost of equity investments and other, net
 
—

 
—

 
—

 
(3
)
 
4

 
—

 
1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before Income Taxes
 
636

 
818

 
(36
)
 
881

 
33

 
(1,689
)
 
643

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income Tax Expense
 
(207
)
 
(2
)
 
—

 
(14
)
 
(1
)
 
—

 
(224
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss)
 
429

 
816

 
(36
)
 
867

 
32

 
(1,689
)
 
419

Net Loss Attributable to Noncontrolling Interests
 
—

 
—

 
—

 
—

 
—

 
10

 
10

Net Income (Loss) Attributable to Controlling Interests
 
$
429

 
$
816

 
$
(36
)
 
$
867

 
$
32

 
$
(1,679
)
 
$
429

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (loss)
 
$
429

 
$
816

 
$
(36
)
 
$
867

 
$
32

 
$
(1,689
)
 
$
419

Total other comprehensive loss
 
(176
)
 
(238
)
 
—

 
(196
)
 
(164
)
 
598

 
(176
)
Comprehensive income (loss)
 
253

 
578

 
(36
)
 
671

 
(132
)
 
(1,091
)
 
243

Comprehensive loss attributable to noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
10

 
10

Comprehensive income (loss) attributable to controlling interests
 
$
253

 
$
578

 
$
(36
)
 
$
671

 
$
(132
)
 
$
(1,081
)
 
$
253

Condensed Consolidating Balance Sheets as of December 31, 2015
(In Millions)
 
 
Parent
Issuer and
Guarantor
 
Subsidiary
Issuer and
Guarantor -
KMP
 
Subsidiary
Issuer and
Guarantor -
Copano
 
Subsidiary
Guarantors
 
Subsidiary
Non-Guarantors
 
Consolidating
Adjustments
 
Consolidated KMI
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
123

 
$
—

 
$
—

 
$
12

 
$
142

 
$
(48
)
 
$
229

Other current assets - affiliates
 
2,233

 
1,600

 
—

 
9,451

 
695

 
(13,979
)
 
—

All other current assets
 
126

 
119

 
—

 
2,163

 
195

 
(8
)
 
2,595

Property, plant and equipment, net
 
252

 
—

 
—

 
32,195

 
8,100

 
—

 
40,547

Investments
 
16

 
2

 
—

 
5,906

 
116

 
—

 
6,040

Investments in subsidiaries
 
27,401

 
28,038

 
2,341

 
4,361

 
3,320

 
(65,461
)
 
—

Goodwill
 
15,089

 
22

 
287

 
5,221

 
3,171

 
—

 
23,790

Notes receivable from affiliates
 
850

 
21,319

 
—

 
2,070

 
380

 
(24,619
)
 
—

Deferred income taxes
 
7,501

 
—

 
—

 
—

 
—

 
(2,178
)
 
5,323

Other non-current assets
 
215

 
307

 
1

 
4,943

 
114

 
—

 
5,580

Total assets
 
$
53,806

 
$
51,407


$
2,629


$
66,322


$
16,233


$
(106,293
)

$
84,104

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current portion of debt
 
$
67

 
$
500

 
$
—

 
$
132

 
$
122

 
$
—

 
$
821

Other current liabilities - affiliates
 
1,328

 
8,682

 
39

 
3,216

 
714

 
(13,979
)
 
—

All other current liabilities
 
321

 
458

 
7

 
1,987

 
527

 
(56
)
 
3,244

Long-term debt
 
13,845

 
20,053

 
378

 
7,447

 
683

 
—

 
42,406

Notes payable to affiliates
 
2,404

 
448

 
622

 
19,840

 
1,305

 
(24,619
)
 
—

Deferred income taxes
 
—

 
—

 
2

 
594

 
1,582

 
(2,178
)
 
—

Other long-term liabilities and deferred credits
 
722

 
193

 
—

 
907

 
408

 
—

 
2,230

     Total liabilities
 
18,687

 
30,334


1,048


34,123


5,341


(40,832
)

48,701

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stockholders’ equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total KMI equity
 
35,119

 
21,073

 
1,581

 
32,199

 
10,892

 
(65,745
)
 
35,119

Noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
284

 
284

Total stockholders’ Equity
 
35,119


21,073


1,581


32,199


10,892


(65,461
)

35,403

Total Liabilities and Stockholders’ Equity
 
$
53,806

 
$
51,407


$
2,629


$
66,322


$
16,233


$
(106,293
)

$
84,104

Condensed Consolidating Statements of Cash Flows for the Three Months Ended March 31, 2016
(In Millions)
(Unaudited)
 
 
Parent
Issuer and
Guarantor
 
Subsidiary
Issuer and
Guarantor -
KMP
 
Subsidiary
Issuer and
Guarantor -
Copano
 
Subsidiary
Guarantors
 
Subsidiary
Non-Guarantors
 
Consolidating Adjustments
 
Consolidated KMI
Net cash (used in) provided by operating activities
 
$
(733
)
 
$
1,830

 
$
(131
)
 
$
2,377

 
$
15

 
$
(2,308
)
 
$
1,050

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Funding to affiliates
 
(1,360
)
 
(759
)
 
—

 
(869
)
 
(109
)
 
3,097

 
—

Capital expenditures
 
(24
)
 
—

 
—

 
(340
)
 
(447
)
 
—

 
(811
)
Contributions to investments
 
(31
)
 
—

 
—

 
(10
)
 
(3
)
 
—

 
(44
)
Acquisitions of assets and investments, net of cash acquired
 
—

 
—

 
—

 
(330
)
 
—

 
—

 
(330
)
Distributions from equity investments in excess of cumulative earnings
 
790

 
—

 
—

 
29

 
—

 
(776
)
 
43

Other, net
 
—

 
(30
)
 
—

 
30

 
(2
)
 
—

 
(2
)
Net cash used in investing activities
 
(625
)
 
(789
)

—


(1,490
)

(561
)

2,321


(1,144
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Issuances of debt
 
4,610

 
—

 
—

 
—

 
—

 
—

 
4,610

Payments of debt
 
(2,729
)
 
(500
)
 
—

 
(1,104
)
 
(3
)
 
—

 
(4,336
)
Funding (to) from affiliates
 
(314
)
 
881

 
131

 
1,878

 
521

 
(3,097
)
 
—

Debt issue costs
 
(6
)
 
—

 
—

 
—

 
—

 
—

 
(6
)
Cash dividends - common shares
 
(279
)
 
—

 
—

 
—

 
—

 
—

 
(279
)
Cash dividends - preferred shares
 
(37
)
 
—

 
—

 
—

 
—

 
—

 
(37
)
Contributions from parents
 
—

 
—

 
—

 
—

 
87

 
(87
)
 
—

Contributions from noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
87

 
87

Distributions to parents
 
—

 
(1,422
)
 
—

 
(1,660
)
 
(41
)
 
3,123

 
—

Distributions to noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
(4
)
 
(4
)
Net cash provided by (used in) financing activities
 
1,245

 
(1,041
)

131


(886
)

564


22


35

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of exchange rate changes on cash and cash equivalents
 
—

 
—

 
—

 
—

 
5

 
—

 
5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (decrease) increase in cash and cash equivalents
 
(113
)
 
—


—


1


23


35


(54
)
Cash and cash equivalents, beginning of period
 
123

 
—

 
—

 
12

 
142

 
(48
)
 
229

Cash and cash equivalents, end of period
 
$
10

 
$
—


$
—


$
13


$
165


$
(13
)

$
175


Condensed Consolidating Statements of Cash Flows for the Three Months Ended March 31, 2015
(In Millions)
(Unaudited)
 
 
Parent
Issuer and
Guarantor
 
Subsidiary
Issuer and
Guarantor -
KMP
 
Subsidiary
Issuer and
Guarantor -
Copano
 
Subsidiary
Guarantors
 
Subsidiary
Non-Guarantors
 
Consolidating Adjustments
 
Consolidated KMI
Net cash (used in) provided by operating activities
 
$
(300
)
 
$
3,675

 
$
139

 
$
500

 
$
(167
)
 
$
(2,591
)
 
$
1,256

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Funding to affiliates
 
(691
)
 
(4,664
)
 
—

 
(1,364
)
 
(96
)
 
6,815

 
—

Capital expenditures
 
(18
)
 
—

 
(2
)
 
(786
)
 
(95
)
 
4

 
(897
)
Contributions to investments
 
—

 
—

 
—

 
(30
)
 
—

 
—

 
(30
)
Investment in KMP
 
(159
)
 
—

 
—

 
—

 
—

 
159

 
—

Acquisitions of assets and investments, net of cash acquired
 
(1,709
)
 
—

 
—

 
(155
)
 
—

 
—

 
(1,864
)
Distributions from equity investments in excess of cumulative earnings
 
14

 
—

 
—

 
36

 
—

 
—

 
50

Other, net
 
—

 
(31
)
 
4

 
4

 
(7
)
 
(4
)
 
(34
)
Net cash (used in) provided by investing activities
 
(2,563
)
 
(4,695
)

2


(2,295
)

(198
)

6,974

 
(2,775
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Issuances of debt
 
7,136

 
—

 
—

 
—

 
—

 
—

 
7,136

Payments of debt
 
(5,967
)
 
(300
)
 
—

 
(36
)
 
(2
)
 
—

 
(6,305
)
Funding from (to) affiliates
 
1,055

 
2,311

 
(141
)
 
3,256

 
334

 
(6,815
)
 
—

Debt issue costs
 
(16
)
 
—

 
—

 
—

 
—

 
—

 
(16
)
Issuances of common shares
 
1,626

 
—

 
—

 
—

 
—

 
—

 
1,626

Cash dividends
 
(962
)
 
—

 
—

 
—

 
—

 
—

 
(962
)
Contributions from parents
 
—

 
156

 
—

 
3

 
—

 
(159
)
 
—

Distributions to parents
 
—

 
(1,147
)
 
—

 
(1,404
)
 
(50
)
 
2,601

 
—

Distributions to noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
(10
)
 
(10
)
Other, net
 
—

 
—

 
—

 
(1
)
 
—

 
—

 
(1
)
Net cash provided by (used in) financing activities
 
2,872

 
1,020

 
(141
)

1,818


282


(4,383
)
 
1,468

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of exchange rate changes on cash and cash equivalents
 
—

 
—

 
—

 
—

 
(5
)
 
—

 
(5
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
 
9


—


—


23


(88
)

—

 
(56
)
Cash and cash equivalents, beginning of period
 
4

 
15

 
—

 
17

 
279

 
—

 
315

Cash and cash equivalents, end of period
 
$
13


$
15


$
—


$
40


$
191


$
—

 
$
259