Targa Resources Corp. (TRGP)

Targa Resources Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	16,060	20,930	16,950	8,260	8,671
Revenue Growth (YoY)	-23.27%	23.48%	105.20%	-4.74%	-17.29%
Cost of Revenue	11,754	17,795	14,477	5,885	6,911
Gross Profit	4,306	3,135	2,473	2,375	1,760
Selling, General & Admin	348.7	309.7	273.2	254.6	280.7
Other Operating Expenses	1,331	1,096	1,335	3,425	1,286
Operating Expenses	1,680	1,406	1,609	3,679	1,567
Operating Income	2,626	1,729	864.8	-1,303.7	192.9
Interest Expense / Income	687.8	446.1	387.9	391.3	337.8
Other Expense / Income	229.3	-44.4	390.9	107	152.2
Pretax Income	1,709	1,327	86	-1,802	-297.1
Income Tax	363.2	131.8	14.8	-248.1	-87.9
Net Income	1,346	1,196	71.2	-1,553.9	-209.2
Preferred Dividends	510.1	298.7	87.3	130.9	124.8
Net Income Common	835.8	896.8	-16.1	-1,684.8	-334
Net Income Growth	-6.80%	-	-	-	-
Shares Outstanding (Basic)	225	227	229	232	233
Shares Outstanding (Diluted)	226	231	229	232	233
Shares Change	-2.21%	1.09%	-1.55%	-0.13%	3.70%
EPS (Basic)	3.69	3.95	-0.07	-7.26	-1.44
EPS (Diluted)	3.66	3.88	-0.07	-7.26	-1.44
EPS Growth	-5.67%	-	-	-	-
Free Cash Flow	830.9	1,070	1,810	991.6	-1,488
Free Cash Flow Per Share	3.70	4.71	7.92	4.27	-6.40
Dividend Per Share	1.850	1.400	0.400	1.210	3.640
Dividend Growth	32.14%	250.00%	-66.94%	-66.76%	0%
Gross Margin	26.81%	14.98%	14.59%	28.76%	20.29%
Operating Margin	16.35%	8.26%	5.10%	-15.78%	2.22%
Profit Margin	5.20%	4.28%	-0.09%	-20.40%	-3.85%
Free Cash Flow Margin	5.17%	5.11%	10.68%	12.00%	-17.16%
Effective Tax Rate	21.25%	9.93%	17.21%	-	-
EBITDA	3,727	2,869	1,345	-545.6	1,012
EBITDA Margin	23.20%	13.71%	7.93%	-6.61%	11.67%
Depreciation & Amortization	1,330	1,096	870.6	865.1	971.6
EBIT	2,397	1,773	473.9	-1,410.7	40.7
EBIT Margin	14.92%	8.47%	2.80%	-17.08%	0.47%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).