# TARGA RESOURCES CORP. (TRGP) FY2024 YTD Q3 Statement of Cash Flows

- Company: TARGA RESOURCES CORP. (TRGP)
- Period: 2024-01-01 to 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-11-05, accession number 0000950170-24-121370
- Page: https://plicit.ai/financials/trgp/fy2024-ytd-q3-cash-flow
- Chart image: https://plicit.ai/charts/trgp-fy2024-ytd-q3-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2023**: 141,700,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 2,321,800,000 US dollars. Net cash provided.
- **Net income (loss)**: 1,139,500,000 US dollars
- **Amortization in interest expense**: 10,900,000 US dollars
- **Compensation on equity grants**: 47,400,000 US dollars
- **Depreciation and amortization expense**: 1,044,500,000 US dollars
- **(Gain) loss on sale or disposition of assets**: negative 2,700,000 US dollars
- **Write-downs of assets**: 4,000,000 US dollars
- **Accretion of asset retirement obligations**: 4,200,000 US dollars
- **Deferred income tax expense (benefit)**: 264,100,000 US dollars
- **Equity (earnings) loss of unconsolidated affiliates**: negative 7,900,000 US dollars
- **Distributions of earnings received from unconsolidated affiliates**: 15,200,000 US dollars
- **Risk management activities**: 86,300,000 US dollars
- **(Gain) loss from financing activities**: 800,000 US dollars
- **Receivables and other assets**: 239,400,000 US dollars
- **Inventories**: negative 47,200,000 US dollars
- **Accounts payable, accrued liabilities and other liabilities**: negative 360,300,000 US dollars
- **Interest payable**: negative 116,400,000 US dollars
- **Investing activities**: negative 2,275,000,000 US dollars. Net cash used.
- **Outlays for property, plant and equipment**: negative 2,238,900,000 US dollars
- **Proceeds from sale of assets**: 2,900,000 US dollars
- **Investments in unconsolidated affiliates**: negative 39,800,000 US dollars
- **Return of capital from unconsolidated affiliates**: 1,400,000 US dollars
- **Other, net**: negative 600,000 US dollars
- **Financing activities**: negative 61,300,000 US dollars. Net cash used.
- **Repayment of term loan facility**: negative 500,000,000 US dollars
- **Proceeds from borrowings of commercial paper notes**: 59,651,000,000 US dollars
- **Repayments of commercial paper notes**: negative 58,875,000,000 US dollars
- **Proceeds from borrowings under accounts receivable securitization facility**: 775,000,000 US dollars
- **Repayments of accounts receivable securitization facility**: negative 750,000,000 US dollars
- **Proceeds from issuance of senior notes**: 999,400,000 US dollars
- **Repurchase of shares**: negative 700,000,000 US dollars
- **Principal payments of finance leases**: negative 36,200,000 US dollars
- **Costs incurred in connection with financing arrangements**: negative 9,900,000 US dollars
- **Contributions from noncontrolling interests**: 9,000,000 US dollars
- **Distributions to noncontrolling interests**: negative 172,700,000 US dollars
- **Repurchase of noncontrolling interests**: negative 1,300,000 US dollars
- **Dividends paid to common shareholders**: negative 450,600,000 US dollars
- **Operating adjustment reconciliation**: 1,716,800,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 61,495,700,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 2,279,300,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: 0 US dollars
- **Ending cash on Sep 30, 2024**: 127,200,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 2,463,500,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: negative 14,500,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 2.04×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- **Operating cash flow**: 2,321,800,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 2,238,900,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 82,900,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.18B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 2,321,800,000 US dollars minus 2,238,900,000 US dollars equals 82,900,000 US dollars.