Breitburn Energy Partners LP (BBEP) financial statements (2021 and earlier)

Company profile

Business Address 707 WILSHIRE BOULEVARD
LOS ANGELES, CA 90017
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7104071999082
Cash and cash equivalents7104071999082
Receivables111(2)112
Inventory, net of allowances, customer advances and progress billings3221111
Inventory3221111
Prepaid expense997810163
Derivative instruments and hedges, assets      389
Other undisclosed current assets74537540552538542113
Total current assets:95558590631650651590
Noncurrent Assets
Property, plant and equipment2,8803,3183,3473,4143,4713,8103,864
Long-term investments and receivables6677777
Long-term investments6677777
Derivative instruments and hedges      180
Other noncurrent assets66666564626475
Total noncurrent assets:2,9523,3893,4203,4853,5403,8814,125
TOTAL ASSETS:3,0473,9484,0104,1154,1904,5324,715
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities100949211311194145
Accounts payable58535048404442
Accrued liabilities1114141718138
Employee-related liabilities12111211131813
Taxes payable18161515191820
Interest and dividends payable1102121062
Debt7461,1981,1981,1981,1981,197172
Derivative instruments and hedges, liabilities      4
Restructuring reserve     2 
Asset retirement obligation4566432
Other undisclosed current liabilities43363637363433
Total current liabilities:8931,3331,3321,3541,3491,331357
Noncurrent Liabilities
Long-term debt and lease obligation3333332,784
Long-term debt, excluding current maturities3333332,784
Liabilities, other than long-term debt281277274271278274268
Asset retirement obligations265260256253256252248
Accrued environmental loss contingencies   1   
Other liabilities17171818222220
Derivative instruments and hedges, liabilities      1
Other undisclosed noncurrent liabilities2,0681,8811,8821,8811,8821,8844
Total noncurrent liabilities:2,3532,1622,1592,1552,1632,1613,056
Total liabilities:3,2463,4953,4913,5093,5123,4923,413
Stockholders' equity
Stockholders' equity attributable to parent2122(0)(0)0
Accumulated other comprehensive income (loss)2122(0)(0)0
Other undisclosed stockholders' equity(201)4515176046781,0401,303
Total stockholders' equity:(199)4535196066781,0401,303
TOTAL LIABILITIES AND EQUITY:3,0473,9484,0104,1154,1904,5324,715

Income statement (P&L) ($ in millions)

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
Revenues13814115214813439148
Revenue, net138141152147134132110
Cost of revenue(466)(64)(90)(77)(355)(84)(89)
Gross profit:(328)786171(222)(45)59
Operating expenses(108)(111)(117)(123)(112)(100)(104)
Operating loss:(436)(33)(56)(52)(334)(145)(45)
Nonoperating income (expense)0000(0)0(0)
Investment income, nonoperating    (0)  
Other nonoperating income (expense)000000(0)
Interest and debt expense(17)(23)(22)(21)(21)(50)(56)
Loss from continuing operations before equity method investments, income taxes:(453)(56)(78)(73)(355)(195)(102)
Other undisclosed loss from continuing operations before income taxes(199)(10)(10)(14)(11)(66)(2)
Loss from continuing operations before income taxes:(652)(66)(88)(87)(366)(261)(104)
Income tax expense (benefit)01(0)11(0)0
Net loss:(652)(66)(88)(86)(365)(262)(104)
Net income (loss) attributable to noncontrolling interest0(0)(0)1000
Net loss attributable to parent:(652)(66)(88)(85)(365)(261)(104)
Preferred stock dividends and other adjustments   6(1)(4)(7)
Other undisclosed net loss available to common stockholders, basic   (6) (2)(4)
Net loss available to common stockholders, diluted:(652)(66)(88)(85)(365)(267)(115)

Comprehensive Income ($ in millions)

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
Net loss:(652)(66)(88)(86)(365)(262)(104)
Other comprehensive income (loss)0(0)110(1)0
Other undisclosed comprehensive income   1   
Comprehensive loss:(652)(66)(87)(84)(365)(262)(104)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(0)(0)000
Comprehensive loss, net of tax, attributable to parent:(652)(66)(88)(84)(364)(262)(104)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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