Western Midstream Partners LP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
WES$41.14+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Financial Statements
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
| Management’s Assessment of Internal Control Over Financial Reporting | 86 |
|---|---|
| Western Midstream Partners, LP | 87 |
| Reports of Independent Registered Public Accounting Firm | 87 |
| Financial Statements | 91 |
| Consolidated Statements of Operations for the years ended December 31, 2023, 2022, and 2021 | 91 |
| Consolidated Balance Sheets as of December 31, 2023 and 2022 | 92 |
| Consolidated Statements of Equity and Partners’ Capital for the years ended December 31, 2023, 2022, and 2021 | 93 |
| Consolidated Statements of Cash Flows for the years ended December 31, 2023, 2022, and 2021 | 94 |
| Western Midstream Operating, LP | 95 |
| Report of Independent Registered Public Accounting Firm | 95 |
| Financial Statements | 97 |
| Consolidated Statements of Operations for the years ended December 31, 2023, 2022, and 2021 | 97 |
| Consolidated Balance Sheets as of December 31, 2023 and 2022 | 98 |
| Consolidated Statements of Equity and Partners’ Capital for the years ended December 31, 2023, 2022, and 2021 | 99 |
| Consolidated Statements of Cash Flows for the years ended December 31, 2023, 2022, and 2021 | 100 |
| Notes to Consolidated Financial Statements | 101 |
| Note 1. Summary of Significant Accounting Policies and Basis of Presentation | 101 |
| Note 2. Revenue from Contracts with Customers | 110 |
| Note 3. Acquisitions and Divestitures | 112 |
| Note 4. Partnership Distributions | 115 |
| Note 5. Equity and Partners’ Capital | 117 |
| Note 6. Related-Party Transactions | 118 |
| Note 7. Equity Investments | 123 |
| Note 8. Income Taxes | 125 |
| Note 9. Property, Plant, and Equipment | 127 |
| Note 10. Goodwill and Other Intangibles | 128 |
| Note 11. Selected Components of Working Capital | 129 |
| Note 12. Asset Retirement Obligations | 130 |
| Note 13. Debt and Interest Expense | 131 |
| Note 14. Leases | 134 |
| Note 15. Equity-Based Compensation | 136 |
| Note 16. Commitments and Contingencies | 138 |
| Note 17. Subsequent Events | 139 |
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