On Jan. 17, Kinder Morgan
Revenues were up by a whopping 428.3%, which included contributions from the acquired Terasen, the addition of Kinder Morgan Energy Partners consolidated results, and gains from a decrease in deferred tax liability. Meanwhile, Kinder Morgan increased its long-term debt by 64.4% but also increased cash from operations by 217.6%.
KMI's U.S. retail segment is expected to be sold next quarter to GE Energy Financial Services and was not included in the continuing operations numbers before certain items.
Kinder Morgan Canada recently received approval toward a new five-year Incentive Toll Settlement for the Trans Mountain pipeline system by the National Energy Board.
Kinder Morgan is a two-star stock in CAPS, our new interactive stock database.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$2,947.8 |
$558.0 |
428.3% |
|
Net Profit |
$227.2 |
$180.2 |
26.1% |
|
EPS |
$1.68 |
$1.42 |
18.3% |
|
Diluted Shares |
135.2 |
127.2 |
6.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
39.7% |
51.4% |
(11.7) |
|
Operating Margin |
19.1% |
27.7% |
(8.6) |
|
Net Margin |
7.7% |
32.3% |
(24.6) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$106.0 |
$117.0 |
(9.4%) |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|
Long-Term Debt |
$11,063.0 |
$6,729.0 |
64.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$1,734.5 |
$546.2 |
217.6% |
Find out why Fools always follow the money.
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