What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Targa Resources TRGP Goodwill

Discontinued — last reported Q4 '19

Goodwill at other companies

OneokOKE

$8.06B-0.4%

Enterprise Products PartnersEPD

$5.71B0.0%

Energy TransferET

$5.61B+43.6%

Kinetik HoldingsKNTK

$5.08M0.0%

MPLXMPLX

$8.74B+14.3%

Kinder MorganKMI

——

Segments

By segment

See full

Gathering And Processing$118.9M+163%

Other financials

Income statement

See full

Revenue$4.1B-10.2%

Gross profit$1.7B+30.4%

Operating income$846.9M+55.9%

Net income$479.6M+77.3%

EPS (diluted)$2.21+143%

Balance sheet

See full

Cash & equivalents$100.1M-33.9%

Total debt$346.5M+17.0%

Total equity$3.1B+27.9%

Total assets$27.1B+18.9%

Cash flow

See full

Operating cash flow$739.5M-22.5%

CapEx$899.5M+13.5%

Free cash flow-$160.0M-199%

Valuation

See full

Market cap$58.69B+58.5%

Enterprise value$58.94B+58.6%

P/E27.5×-0.8×

P/S3.5×+1.3×

Profitability

See full

Gross margin41.8%+7.3pp

Operating margin21.9%+6.1pp

Net margin12.9%+4.9pp

FCF margin4.8%-3.1pp

Returns & leverage

See full

Return on equity76.3%+25.6pp

Debt / equity0.1×0.0×

Current ratio0.7×+0.1×

Where this comes from

Reported directly by Targa Resources in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Targa Resources’s 10-K, filed February 20, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.