Reportable Segments |
Reportable Segments Segment results for the three months ended March 31, 2016 have been retrospectively adjusted to reflect the elimination of the Other segment as a reportable segment. The activities that previously comprised the Other segment are now presented within the Corporate non-segment activities in reconciling to the consolidated totals in the respective segment reporting tables. The Other segment had historically been comprised primarily of legacy operations of acquired businesses not associated with our ongoing operations. These business activities have since been sold or have otherwise ceased. In addition, the Other segment included certain company owned real estate assets which are primarily leased to our operating subsidiaries as well as third party tenants. This activity is now reflected within Corporate activity. In addition, the portions of interest income and income tax expense previously allocated to our business segments are now included in “Interest expense, net” and “Income tax expense” for all periods presented in the following tables. Financial information by segment follows (in millions): | | | | | | | | | | Three Months Ended March 31, | | 2017 | | 2016 | Revenues | | | | Natural Gas Pipelines | | | | Revenues from external customers | $ | 2,168 |
| | $ | 1,970 |
| Intersegment revenues | 3 |
| | 1 |
| CO2 | 303 |
| | 302 |
| Terminals | 487 |
| | 465 |
| Products Pipelines | | | | Revenues from external customers | 398 |
| | 391 |
| Intersegment revenues | 4 |
| | 5 |
| Kinder Morgan Canada | 59 |
| | 59 |
| Corporate and intersegment eliminations(a) | 2 |
| | 2 |
| Total consolidated revenues | $ | 3,424 |
| | $ | 3,195 |
|
| | | | | | | | | | Three Months Ended March 31, | | 2017 | | 2016 | Segment EBDA(b) | | | | Natural Gas Pipelines | $ | 1,055 |
| | $ | 994 |
| CO2 | 218 |
| | 187 |
| Terminals | 307 |
| | 260 |
| Products Pipelines | 287 |
| | 177 |
| Kinder Morgan Canada | 43 |
| | 46 |
| Total Segment EBDA | 1,910 |
| | 1,664 |
| DD&A | (558 | ) | | (551 | ) | Amortization of excess cost of equity investments | (15 | ) | | (14 | ) | General and administrative and corporate charges | (181 | ) | | (190 | ) | Interest expense, net | (465 | ) | | (441 | ) | Income tax expense | (246 | ) | | (154 | ) | Total consolidated net income | $ | 445 |
| | $ | 314 |
|
| | | | | | | | | | March 31, 2017 | | December 31, 2016 | Assets | | | | Natural Gas Pipelines | $ | 50,418 |
| | $ | 50,428 |
| CO2 | 4,104 |
| | 4,065 |
| Terminals | 9,809 |
| | 9,725 |
| Products Pipelines | 8,353 |
| | 8,329 |
| Kinder Morgan Canada | 1,638 |
| | 1,572 |
| Corporate assets(c) | 5,469 |
| | 6,108 |
| Assets held for sale | 2 |
| | 78 |
| Total consolidated assets | $ | 79,793 |
| | $ | 80,305 |
|
_______ | | (a) | Includes a management fee for services we perform as operator of an equity investee. |
| | (b) | Includes revenues, earnings from equity investments, other, net, less operating expenses, and other (income) expense, net, loss on impairments and divestitures, net and loss on impairments and divestitures of equity investments, net. |
| | (c) | Includes cash and cash equivalents, margin and restricted deposits, certain prepaid assets and deferred charges, including income tax related assets, risk management assets related to debt fair value adjustments, corporate headquarters in Houston, Texas and miscellaneous corporate assets (such as information technology, telecommunications equipment and legacy operations) not allocated to the reportable segments. |
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