The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 1,956.7 | 1,553.5 | 1,579.3 | 1,531.4 |
| Amortization in interest expense | 17.3 | 14.8 | 13.2 | 10.5 |
| Compensation on equity grants | 69.5 | 63.2 | 62.4 | 57.5 |
| Depreciation and amortization expense | 1,515.3 | 1,423 | 1,329.6 | 1,096 |
| (gain) loss on sale or disposition of assets | - | 3.1 | 5.3 | 9.6 |
| Write-downs of assets | - | 6.2 | 6.9 | 9.8 |
| Accretion of asset retirement obligations | - | 10.6 | 5.9 | 4.8 |
| Deferred income tax expense (benefit) | 516.6 | 367 | 349.6 | 125.1 |
| Equity (earnings) loss of unconsolidated affiliates | 11.8 | 9.4 | 9 | 9.1 |
| Distributions of earnings received from unconsolidated affiliates | 20.7 | 19.8 | 13.1 | 12.2 |
| Risk management activities | -5.3 | -164.6 | 275.4 | -302.5 |
| (gain) loss from financing activities | - | -0.8 | -2.1 | -49.6 |
| (gain) loss from sale of equity-method investment | - | - | - | 435.9 |
| Other, net | 21.4 | - | - | - |
| Receivables and other assets | -110.8 | 75 | 20.6 | -219.7 |
| Inventories | 89.5 | -33.5 | -36 | 236.2 |
| Accounts payable, accrued liabilities and other liabilities | -256.8 | 40.7 | 68.2 | -383 |
| Interest payable | 41.9 | 39.5 | 55.6 | 35.5 |
| Net cash provided by (used in) operating activities | 3,917.4 | 3,649.7 | 3,211.6 | 2,380.8 |
| Outlays for property, plant and equipment | 3,333.3 | 2,965.8 | 2,385.4 | 1,334.3 |
| Outlays for business acquisition, net of cash acquired | 122.8 | - | - | 3,503.9 |
| Outlays for asset acquisition, net of cash acquired | 90.3 | - | - | 205.2 |
| Proceeds from sale of assets | - | 3.3 | 4.7 | 23 |
| Investments in unconsolidated affiliates | 130.5 | 62.9 | 24.6 | 1.5 |
| Proceeds from sale of equity-method investment | - | - | - | 857 |
| Return of capital from unconsolidated affiliates | 7.8 | 5.5 | 5.5 | 16.8 |
| Other, net | -27.1 | 1.4 | 1 | 1.6 |
| Net cash provided by (used in) investing activities | -3,642 | -3,021.3 | -2,400.8 | -4,149.7 |
| Proceeds from borrowings under credit facilities | - | - | - | 5,845 |
| Repayments of credit facilities | - | - | 290 | 5,555 |
| Proceeds from borrowings of commercial paper notes | 109,555.6 | 85,430.5 | 59,002.8 | 30,504.3 |
| Repayments of commercial paper notes | 110,525.1 | 84,475 | 59,836.5 | 29,495.6 |
| Proceeds from borrowings under term loan facility | - | - | - | 1,500 |
| Repayments of term loan facility | - | 500 | 1,000 | - |
| Proceeds from borrowings under accounts receivable securitization facility | 1,470 | 775 | 143.1 | 1,230 |
| Repayments of accounts receivable securitization facility | 1,800 | 1,020 | 368.1 | 580 |
| Proceeds from issuance of senior unsecured notes | 5,239.4 | 999.4 | 3,727.7 | 2,741.4 |
| Redemption of senior unsecured notes | 705.2 | - | - | 1,473.2 |
| Principal payments of finance leases | 76.5 | 50.1 | 42.9 | 19.7 |
| Costs incurred in connection with financing arrangements | 57.1 | 9.9 | 36.1 | 45.7 |
| Repurchases of common stock | 641.8 | 754.7 | 429.5 | 260.6 |
| Shares tendered for tax withholding obligations | 67.3 | 56.4 | - | - |
| Contributions from noncontrolling interests | - | 12 | 9.7 | 26.1 |
| Distributions to noncontrolling interests | 33.5 | 232.6 | 222.1 | 316.4 |
| Repurchase of noncontrolling interests | 1,800.4 | 112.9 | 1,118.9 | 926.3 |
| Redemption of series a preferred stock | - | - | - | 965.2 |
| Dividends paid to common shareholders | 818.3 | 615.5 | 427.3 | 379.7 |
| Other, net | -6.4 | -2.6 | - | - |
| Net cash provided by (used in) financing activities | -266.6 | -612.8 | -888.1 | 1,829.4 |
| Net change in cash and cash equivalents | 8.8 | 15.6 | -77.3 | 60.5 |
| Cash and cash equivalents, beginning of period | 157.3 | 141.7 | 219 | 158.5 |
| Cash and cash equivalents, end of period | 166.1 | 157.3 | 141.7 | 219 |
Targa Resources Corp. (TRGP)
Targa Resources Corp. (TRGP)