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CIK 76063

PANHANDLE EASTERN PIPE LINE COMPANY, LP
CIK 0000076063 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
74.5
composite ยท 5 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-05 ยท FY 2021-12-31 ยท TRIGGERED100.0

Tax arbitrage

ETR -0.5% vs 21% statutory โ€” gap persistent across 3 of 3 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2022-02-18) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2021-12-31": -0.0051,
    "2020-12-31": -0.0179,
    "2019-12-31": -2.1497
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2021-12-31": 0.2151,
    "2020-12-31": 0.2279,
    "2019-12-31": 2.3597
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/76063/000007606322000010/0000076063-22-000010-index.htm",
    "form": "10-K",
    "filed": "2022-02-18"
  }
}
P-07 ยท FY 2012-03-25 ยท TRIGGERED70.0

Pension underfunding

[FY2012 data, stale โ€” no more recent pension disclosure in XBRL] DB plan 64% funded โ€” -$88M deficit
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 243000000,
  "plan_assets": 155000000,
  "funded_ratio": 0.6379,
  "deficit": -88000000,
  "deficit_vs_equity": null,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/76063/000007606313000007/0000076063-13-000007-index.htm",
    "form": "10-K",
    "filed": "2013-03-01"
  }
}
P-13 ยท FY 2021-12-31 ยท ELEVATED20.0

Zombie / distress

Altman Z'' 0.47 in the distress zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2022-02-18) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2021-12-31": 16.071,
    "2020-12-31": 15.5,
    "2019-12-31": 13.588,
    "2018-12-31": 7.25
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 0.469,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 225000000,
    "interest_expense_t": 14000000
  },
  "stale": false,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/76063/000007606322000010/0000076063-22-000010-index.htm",
    "form": "10-K",
    "filed": "2022-02-18"
  }
}
P-01 ยท FY 2021-12-31 ยท CLEAN20.6

Earnings quality

Beneish M-Score -2.78 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2022-02-18) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.78,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.019,
    "GMI": 1,
    "AQI": 1.119,
    "SGI": 1.044,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 1.226,
    "TATA": -0.071
  },
  "defaulted_to_neutral": [
    "GMI",
    "DEPI",
    "SGAI"
  ],
  "sloan_accruals": -0.0703,
  "inputs": {
    "revenue_t": 571000000,
    "revenue_t1": 547000000,
    "total_assets_t": 2931000000,
    "net_income_t": 196000000,
    "cfo_t": 403000000
  },
  "stale": false,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/76063/000007606322000010/0000076063-22-000010-index.htm",
    "form": "10-K",
    "filed": "2022-02-18"
  }
}
P-12 ยท FY 2021-12-31 ยท CLEAN3.9

Restatement predictor

F-Score 0.12 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2022-02-18) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.117,
  "probability": 0.00043,
  "components": {
    "rsst": -0.0703,
    "drec": 0.001,
    "dinv": -0.0098,
    "soft": 0.1102,
    "dcs": 0.0384,
    "droa": 0.0091,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/76063/000007606322000010/0000076063-22-000010-index.htm",
    "form": "10-K",
    "filed": "2022-02-18"
  }
}