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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Natural gas sales $ 478 $ 677 $ 1,021 $ 1,462
Services 2,034 1,963 4,148 3,933
Product sales and other 632 823 1,170 1,665
Total Revenues 3,144 3,463 6,339 7,060
Operating Costs, Expenses and Other        
Costs of sales 752 1,085 1,483 2,175
Operations and maintenance 603 590 1,168 1,095
Depreciation, depletion and amortization 552 570 1,103 1,108
General and administrative 189 164 379 380
Taxes, other than income taxes 110 116 218 231
(Gain) loss on impairments and disposals of long-lived assets, net (4) 50 231 104
Other expense (income), net 2 (4) 1 (3)
Total Operating Costs, Expenses and Other 2,204 2,571 4,583 5,090
Operating Income 940 892 1,756 1,970
Other Income (Expense)        
Earnings from equity investments 106 114 200 190
Amortization of excess cost of equity investments (16) (14) (30) (26)
Interest, net (471) (472) (912) (984)
Other, net 29 11 42 24
Total Other Expense (352) (361) (700) (796)
Income Before Income Taxes 588 531 1,056 1,174
Income Tax Expense (213) (189) (367) (413)
Net Income 375 342 689 761
Net (Income) Loss Attributable to Noncontrolling Interests (3) (9) (2) 1
Net Income Attributable to Kinder Morgan, Inc. 372 333 687 762
Preferred Stock Dividends (39) 0 (78) 0
Net Income Available to Common Stockholders $ 333 $ 333 $ 609 $ 762
Class P Shares        
Basic Earnings Per Common Share $ 0.15 $ 0.15 $ 0.27 $ 0.35
Basic Weighted Average Common Shares Outstanding 2,229 2,175 2,229 2,158
Diluted Earnings Per Common Share $ 0.15 $ 0.15 $ 0.27 $ 0.35
Diluted Weighted Average Common Shares Outstanding 2,229 2,187 2,229 2,169
Dividends Per Common Share Declared for the Period $ 0.125 $ 0.490 $ 0.250 $ 0.970