Balance Sheet Data

Targa Resources Corp. (TRGP)

$73.31

-0.08 (-0.11%)

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 137.20232.10331.10242.80158.50487.79612.30768.59964.781,211.04
Total Cash (%)
Account Receivables 827.60865.50855862.801,331.901,949.232,446.773,071.323,855.284,839.36
Account Receivables (%)
Inventories 204.50164.70161.50181.50153.40376.83473.02593.76745.32935.56
Inventories (%)
Accounts Payable 1,001.201,200.50997.10833.801,402.302,241.472,813.613,531.794,433.295,564.91
Accounts Payable (%)
Capital Expenditure -1,297.50-3,114.80-2,877.80-951.60-505.10-3,919.86-4,920.41-6,176.37-7,752.90-9,731.86
Capital Expenditure (%)



To support growth, companies need to keep investing in capital items – including property, plants and equipment.
To calculate this net investment,we take capital expenditure (found in the company’s statement of cash flows) and subtract non-cash depreciation (found on the income statement).
Working capital refers to the cash a company needs for day-to-day operations.
The faster a company expands, the more cash it will need.
To calculate working capital, we take current assets and subtract current liabilities.
You can find both of these on a company’s balance sheet, which is published in its quarterly and annual financial statements.