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Summary - Funding Rounds

Founding Date

2005
Boardwalk Pipeline Partners is a subsidiary of Loews

Boardwalk Pipeline Partners Income Statement

Quarterly

USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q1, 2019Q1, 2020Q1, 2021

Revenue

300.5m256.7m257.6m311.0m268.9m312.9m275.8m270.6m328.5m288.7m275.5m356.9m293.4m278.9m329.7m298.6m294.1m345.0m306.3m303.3m317.6m300.5m335.4m345.9m339.8m361.3m

Cost of goods sold

31.9m27.0m23.6m

Gross profit

247.0m302.7m275.0m

Gross profit Margin, %

89%92%92%

General and administrative expense

35.7m29.9m33.2m37.1m31.1m34.2m25.2m24.5m31.4m28.9m29.1m26.8m30.5m31.8m30.6m31.8m31.7m34.7m35.5m34.4m34.6m34.2m26.3m32.1m36.1m34.8m

Operating expense total

35.7m29.9m33.2m37.1m31.1m34.2m25.2m24.5m31.4m28.9m29.1m26.8m30.5m178.5m179.9m189.1m31.7m34.7m35.5m34.4m34.6m34.2m26.3m32.1m36.1m34.8m

Depreciation and amortization

53.4m68.7m69.2m69.6m72.2m81.6m81.0m79.8m79.0m79.1m80.6m80.6m80.2m80.6m82.9m85.8m87.7m

EBIT

127.4m92.0m93.1m130.5m92.4m133.6m108.5m102.7m141.7m111.1m103.2m152.6m96.5m68.5m122.8m85.9m80.7m141.6m109.3m93.7m164.8m67.2m110.8m140.7m153.1m155.8m

EBIT margin, %

42%36%36%42%34%43%39%38%43%38%37%43%33%25%37%29%27%41%36%31%21%37%42%44%43%

Interest expense

37.0m35.7m35.3m38.3m37.6m39.0m41.5m41.5m40.5m40.7m41.0m40.9m40.2m40.0m45.2m45.9m43.1m42.6m45.4m48.4m46.2m43.9m44.1m45.3m42.3m40.7m

Interest income

100.0k200.0k200.0k100.0k100.0k100.0k100.0k200.0k200.0k100.0k100.0k100.0k200.0k100.0k100.0k100.0k100.0k100.0k100.0k100.0k100.0k200.0k300.0k

Investment income

(400.0k)(600.0k)(300.0k)

Pre tax profit

92.8m65.2m59.1m101.6m70.5m61.7m25.8m56.0m28.5m77.9m40.5m38.4m101.2m65.9m47.3m119.5m24.1m70.1m97.4m108.3m91.1m117.7m

Income tax expense

100.0k100.0k200.0k200.0k100.0k200.0k100.0k100.0k200.0k100.0k200.0k100.0k100.0k200.0k100.0k100.0k200.0k200.0k200.0k400.0k300.0k200.0k200.0k100.0k200.0k

Net Income

90.3m54.4m55.8m83.0m47.2m92.6m65.1m59.0m101.4m70.5m62.3m110.2m57.4m29.2m77.7m40.4m38.3m101.0m65.7m47.3m119.3m23.7m69.8m97.2m108.1m117.5m

Boardwalk Pipeline Partners Balance Sheet

Quarterly

USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q1, 2020Q1, 2021

Cash

120.6m83.7m88.8m31.7m53.9m84.2m3.9m11.4m10.9m4.3m9.9m25.0m12.1m43.3m6.2m28.8m19.3m5.4m9.3m161.8m111.4m28.7m77.3m22.6m33.4m15.3m31.4m17.8m

Accounts Receivable

88.2m77.2m83.2m95.5m87.2m84.1m96.3m84.4m79.0m102.1m83.0m94.1m115.8m88.3m84.4m103.2m93.8m91.0m112.8m99.9m105.3m123.5m101.6m94.2m107.3m122.3m119.8m107.4m

Prepaid Expenses

7.6m13.5m14.2m13.2m16.0m16.0m12.4m19.9m19.5m11.7m18.3m5.9m10.2m18.3m17.8m11.5m19.8m19.1m13.1m20.5m20.1m21.9m19.8m16.5m13.6m18.7m

Current Assets

260.7m219.6m222.0m189.8m207.6m232.7m144.5m143.9m139.6m140.2m139.2m170.6m166.0m175.6m138.5m192.1m162.1m145.2m164.9m316.6m272.3m191.7m222.1m163.2m190.1m186.6m189.1m183.1m

PP&E

6.3b6.3b6.3b6.2b6.2b6.2b6.6b6.6b6.6b7.2b7.2b7.2b7.2b7.3b7.3b7.6b7.6b7.6b7.7b7.8b7.9b8.0b8.0b8.1b8.3b8.4b8.5b8.5b

Goodwill

163.5m163.5m163.5m163.5m163.5m163.5m215.3m215.3m215.3m270.8m267.0m267.0m215.5m215.5m215.5m237.4m237.4m237.4m237.4m237.4m237.4m237.4m237.4m237.4m237.4m237.4m237.4m237.4m

Total Assets

7.0b6.9b6.9b6.8b6.8b6.8b7.2b7.2b7.2b7.8b7.8b7.9b7.8b7.9b7.9b8.2b8.2b8.2b8.3b8.6b8.6b8.7b8.7b8.8b8.9b9.0b9.2b9.2b

Accounts Payable

34.2m26.7m35.6m34.8m29.9m30.5m41.9m30.9m34.5m43.3m33.1m34.7m44.4m49.9m53.7m74.9m86.0m86.5m80.6m126.6m118.2m107.9m128.3m87.9m86.7m58.1m69.8m64.6m

Short-term debt

45.3m43.3m

Current Liabilities

196.3m210.6m229.9m155.8m190.5m185.4m149.9m197.4m213.5m193.4m198.9m204.5m178.7m221.2m239.3m200.8m239.2m275.0m243.8m309.1m331.3m260.4m309.4m292.7m235.8m264.0m201.3m241.3m

Long-term debt

6.4b3.2b3.3b3.3b3.1b3.2b3.4b3.5b3.2b3.6b3.3b3.3b3.4b3.4b3.4b3.6b3.5b3.5b3.5b3.6b3.6b3.6b3.6b3.6b3.5b3.3b

Non-Current Liabilities

177.0m171.4m166.2m177.1m174.1m173.8m170.9m172.3m171.6m198.7m200.3m194.3m193.0m196.7m186.2m196.1m201.1m200.1m197.8m215.3m216.5m223.3m216.1m215.5m227.4m242.2m

Total Debt

6.4b3.2b3.3b3.3b3.1b3.2b3.4b3.5b3.2b3.6b3.3b3.3b3.4b3.4b3.4b3.6b3.5b3.5b3.5b3.6b3.6b3.6b3.6b3.6b3.6b3.4b

Total Equity

3.4b3.3b3.3b3.2b3.3b3.2b3.4b3.4b3.6b7.8b7.8b7.9b7.8b7.9b7.9b8.2b8.2b8.2b8.3b8.6b8.6b8.7b8.7b8.8b8.9b9.0b9.2b9.2b

Debt to Equity Ratio

0.4 x0.4 x0.4 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x

Financial Leverage

2.1 x2.1 x2.1 x2.1 x2.1 x2.1 x2.1 x2.1 x2 x1 x1 x1 x1 x1 x1 x1 x1 x1 x1 x1 x1 x1 x1 x1 x1 x1 x1 x1 x

Boardwalk Pipeline Partners Cash Flow

Quarterly

USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q1, 2019Q1, 2020Q1, 2021

Net Income

90.3m144.7m200.5m83.0m98.2m145.4m92.6m157.7m216.7m101.4m171.9m233.5m25.6m81.5m109.9m77.7m118.1m156.4m101.0m166.7m119.3m212.8m97.2m108.1m117.5m

Depreciation and Amortization

53.4m107.1m161.3m56.4m113.1m168.9m63.7m124.4m184.8m66.8m134.1m202.8m69.2m138.8m211.0m81.6m162.6m242.4m79.0m158.1m238.7m80.6m160.8m241.4m82.9m85.8m87.7m

Accounts Receivable

(10.3m)(22.3m)(13.2m)200.0k(4.8m)(13.8m)(7.8m)(22.4m)25.5m1.5m(500.0k)(4.6m)(5.0m)19.2m24.7m(200.0k)5.3m7.2m6.2m17.6m5.5m26.6m31.2m4.8m19.8m(200.0k)7.4m

Accounts Payable

(14.5m)(24.1m)(1.3m)(2.8m)(10.2m)(2.4m)100.0k(9.7m)(18.2m)(27.9m)(26.3m)(10.6m)(11.6m)600.0k13.1m9.9m8.1m(30.3m)(31.5m)(3.9m)(4.6m)(14.4m)(12.2m)12.4m

Cash From Operating Activities

104.6m251.5m354.8m102.9m242.7m345.5m109.8m284.3m414.1m129.3m285.2m402.0m135.8m308.1m412.5m146.8m285.5m430.2m122.3m304.7m454.2m169.3m347.9m503.2m151.9m166.4m148.4m187.9m

Purchases of PP&E

(49.7m)130.5m(174.2m)(31.4m)(73.7m)(116.9m)26.0m(90.9m)(135.5m)(70.6m)(132.2m)(204.3m)(162.7m)(315.9m)(62.2m)(136.3m)(241.1m)(105.6m)(259.0m)(432.4m)(133.5m)(302.8m)(110.9m)(100.8m)(52.9m)

Cash From Investing Activities

(49.7m)(130.7m)(157.8m)(29.1m)(68.0m)(99.4m)(23.9m)(83.1m)(119.5m)(68.2m)(131.0m)(182.7m)(78.0m)(169.3m)(345.9m)(62.2m)(136.2m)(234.6m)(105.5m)(258.9m)(432.2m)(133.5m)(432.3m)(110.4m)(73.9m)(100.5m)(52.7m)

Short-term Borrowings

(300.0k)(300.0k)(300.0k)

Long-term Borrowings

(356.0m)(700.0m)(760.0m)330.0m(1.2b)(200.0m)(195.0m)(740.0m)(1.0b)(205.1m)(295.2m)(355.3m)(410.1m)(558.8m)(738.9m)(160.1m)(630.2m)(631.1m)(100.0k)(200.0k)(300.0k)(100.0k)(200.0k)(200.0k)(200.0k)

Dividends Paid

(24.8m)(49.6m)(74.4m)(24.8m)(50.4m)(76.0m)(25.5m)(51.1m)(76.7m)(25.6m)(51.1m)(76.7m)(25.6m)(25.6m)

Cash From Financing Activities

19.9m(82.9m)(154.0m)(97.1m)175.8m216.9m(103.9m)(211.7m)(305.6m)(60.7m)(148.2m)(198.2m)(74.2m)(124.0m)(88.9m)(62.4m)(136.6m)(196.8m)(10.6m)112.9m86.3m(11.7m)(37.2m)(52.9m)(25.7m)(80.8m)(20.2m)(120.3m)

Net Change in Cash

74.8m37.9m43.0m(23.3m)(1.1m)29.2m(18.0m)(10.5m)(11.0m)400.0k6.0m21.1m(16.4m)14.8m(22.3m)22.2m12.7m(1.2m)6.2m158.7m108.3m24.1m72.7m15.8m11.7m27.7m14.9m

Interest Paid

84.2m149.6m55.0m85.2m142.3m47.3m71.7m28.3m

Boardwalk Pipeline Partners Ratios

USDQ1, 2010

Financial Leverage

2.1 x

Boardwalk Pipeline Partners Employee Rating

3.933 votes
Culture & Values
3.6
Work/Life Balance
4
Senior Management
3.3
Salary & Benefits
3.5
Career Opportunities
3.2
Source