Summary
This 10-K filing for Targa Resources Corp. as of March 20, 2012, primarily details the various exhibits and financial statement schedules that form part of the annual report. While it doesn't contain the full financial statements, it points to numerous foundational agreements, credit facilities, and incentive plans governing the company's operations and capital structure. Investors should note the extensive list of agreements related to its credit facilities, including amendments, which provide insight into its debt financing. The filing also references numerous stock incentive plans and agreements, indicating a focus on employee and executive compensation and alignment with shareholder interests. Key documents referenced include purchase and sale agreements reflecting past transactions, articles of incorporation and bylaws establishing corporate governance, and various indentures and supplemental indentures detailing the terms of its debt issuances. The comprehensive list of exhibits suggests a well-established corporate structure with multiple subsidiaries and a history of strategic transactions and financing activities. Investors seeking a deeper understanding of Targa Resources' financial health and strategic direction would need to consult the referenced documents for specifics on debt terms, asset acquisitions/divestitures, and compensation structures.
Financial Highlights
50 data points| Gross Profit | $955.50M |
| Operating Expenses | $6.64B |
| Operating Income | $351.10M |
| Interest Expense | $111.70M |
| Net Income | $30.70M |
| EPS (Basic) | $0.75 |
| EPS (Diluted) | $0.74 |
| Shares Outstanding (Basic) | 41.00M |
| Shares Outstanding (Diluted) | 41.40M |
Key Highlights
- 1The filing is an Exhibit Index, referencing numerous foundational corporate documents, agreements, and financing arrangements.
- 2Extensive documentation of credit facilities and their amendments, indicating significant use of debt financing.
- 3References to multiple stock incentive plans and equity agreements highlight the company's approach to executive and employee compensation.
- 4Numerous purchase and sale agreements and contribution agreements detail past M&A and asset integration activities.
- 5A comprehensive list of indentures and supplemental indentures demonstrates the complexity and evolution of the company's debt structure.
- 6Corporate governance documents such as amended certificates of incorporation and bylaws are listed, providing insight into the company's legal framework.