Financial Statements

Targa Resources Corp. (TRGP)

$72.82

+1.77 (+2.49%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) -1,893-340-130-77-
Net Income 71-1,325-209254
Stock Dividends 187-228965865723
Dividend Paid -188-0-965-920-855
Retained Earnings -1,822-1,893-340-130-77

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 12,17314,54912,92810,430-
Annual Depreciation -0-2,3754,4985,61311,728
Capital Expenditure -505-1-2,878-3,115-1,298
Net PPE 11,66812,17314,54912,92810,430

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -2574745-
New Purchases -----
Intangible and Goodwill 2574745--

Targa Resources Corp. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Targa Resources Corp. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.