Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Kinder Morgan Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Current portion of debt	2,477)	3,388)	2,828)	2,696)	821)
Accounts payable	914)	1,337)	1,340)	1,257)	1,324)
Distributions payable to KML noncontrolling interests	—)	876)	—)	—)	—)
Accrued interest	548)	579)	621)	625)	695)
Accrued taxes	364)	483)	256)	—)	—)
Other current liabilities	797)	894)	1,136)	1,346)	1,225)
Current liabilities	5,100)	7,557)	6,181)	5,924)	4,065)
Outstanding	30,883)	33,205)	34,088)	36,205)	40,732)
Debt fair value adjustments	1,032)	731)	927)	1,149)	1,674)
Long-term debt, excluding current portion	31,915)	33,936)	35,015)	37,354)	42,406)
Other long-term liabilities and deferred credits	2,253)	2,176)	2,735)	2,225)	2,230)
Long-term liabilities and deferred credits	34,168)	36,112)	37,750)	39,579)	44,636)
Total liabilities	39,268)	43,669)	43,931)	45,503)	48,701)
Redeemable noncontrolling interest	803)	666)	—)	—)	—)
Preferred stock, $0.01 par value, 9.75% Series A Mandatory Convertible, $1,000 per share liquidation preference	—)	—)	—)	—)	—)
Class P shares, $0.01 par value	23)	23)	22)	22)	22)
Additional paid-in capital	41,745)	41,701)	41,909)	41,739)	41,661)
Retained deficit	(7,693)	(7,716)	(7,754)	(6,669)	(6,103)
Accumulated other comprehensive loss	(333)	(330)	(541)	(661)	(461)
Total Kinder Morgan, Inc.’s stockholders’ equity	33,742)	33,678)	33,636)	34,431)	35,119)
Noncontrolling interests	344)	853)	1,488)	371)	284)
Total stockholders’ equity	34,086)	34,531)	35,124)	34,802)	35,403)
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	74,157)	78,866)	79,055)	80,305)	84,104)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Kinder Morgan Inc. current liabilities increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Long-term liabilities and deferred credits	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Kinder Morgan Inc. long-term liabilities and deferred credits decreased from 2017 to 2018 and from 2018 to 2019.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Kinder Morgan Inc. total liabilities decreased from 2017 to 2018 and from 2018 to 2019.
Total Kinder Morgan, Inc.’s stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Kinder Morgan Inc. total Kinder Morgan, Inc.’s stockholders’ equity increased from 2017 to 2018 and from 2018 to 2019.

Kinder Morgan Inc. (NYSE:KMI)

Balance Sheet: Liabilities and Stockholders’ Equity