Blueknight Energy Partners L.P. (BKEP) Financial Statements (2024 and earlier)

Company Profile

Business Address 6060 AMERICAN PLAZA
TULSA, OK 73135
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,1728055581,4552,4693,304
Cash and cash equivalents 1,1728055581,4552,4693,304
Receivables 3,3583,80424,82636,72610,6599,404
Prepaid expense    1,8602,0091,578
Disposal group, including discontinued operation 296,945    
Asset, held-for-sale, not part of disposal group      4,237
Other current assets 3,1122,3558,6927,4858,4387,934
Total current assets: 7,644103,90934,07647,52623,57526,457
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   750
Operating lease, right-of-use asset 7,8558,54810,758
Property, plant and equipment 106,389104,709232,777248,261296,069307,334
Long-term investments and receivables      20,561
Long-term investments      20,561
Intangible assets, net (including goodwill) 11,81614,25920,8166,7283,8704,746
Goodwill 6,7286,7286,7286,7283,8704,746
Intangible assets, net (excluding goodwill) 5,0887,53114,088   
Deferred costs      2,050
Other noncurrent assets 3402521,16917,44012,91314,515
Other undisclosed noncurrent assets 2,8541,3401,5943,3494,442 
Total noncurrent assets: 129,254129,108267,864275,778317,294349,206
TOTAL ASSETS: 136,898233,017301,940323,304340,869375,663
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 8,7978,64311,48824,87713,68412,476
Interest and dividends payable 250274293465694413
Taxes payable 1,6601,7573,2473,0892,4322,531
Employee-related liabilities 4,7824,9774,8233,6676,1196,358
Accounts payable 2,1051,6353,1253,7074,4393,174
Accrued liabilities    13,949  
Debt   2,711   
Disposal group, including discontinued operation 24017,248    
Other liabilities 1,7111,3492,6273,4654,7474,279
Deferred revenue and credits3,2062,3932,350
Due to related parties 1,047312,4602,2632,2681,053
Other undisclosed current liabilities 8,2258,07635,29015,054551383
Total current liabilities: 20,02035,34754,57648,86523,64320,541
Noncurrent Liabilities
Long-term debt and lease obligation 104,703259,572264,551265,592307,592324,000
Long-term debt, excluding current maturities 98,000252,592255,592265,592307,592324,000
Finance lease, liability   430
Liabilities, other than long-term debt 2281682,4171,7141,052640
Due to related parties    1,7141,052640
Other liabilities 2281682,417   
Operating lease, liability 6,7036,9808,529
Total noncurrent liabilities: 104,931259,740266,968267,306308,644324,640
Total liabilities: 124,951295,087321,544316,171332,287345,181
Equity
Other undisclosed liabilities and equity 11,947(62,070)(19,604)7,1338,58230,482
TOTAL LIABILITIES AND EQUITY: 136,898233,017301,940323,304340,869375,663

Income Statement (P&L) ($ in thousands)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 115,417110,245371,070384,835181,939177,394
Revenue, net358,392181,939177,394
Cost of revenue
(Cost of Goods and Services Sold)
    (126,776)(8,807)(14,130)
Gross profit: 115,417110,245371,070258,059173,132163,264
Operating expenses (78,300)(77,061) (412,198)(152,124)(171,011)
Other undisclosed operating income (loss)   (336,888) 7,83214,238
Operating income (loss): 37,11733,18434,182(154,139)28,8406,491
Nonoperating income 2,6151,1692682,2255,337 
Investment income, nonoperating    2,2255,337 
Other nonoperating income 2,6151,169268   
Interest and debt expense (4,944)(5,665)(15,975)(16,860)(14,027)(12,554)
Income (loss) from continuing operations before equity method investments, income taxes: 34,78828,68818,475(168,774)20,150(6,063)
Income from equity method investments     611,483
Other undisclosed income from continuing operations before income taxes    126,925  
Income (loss) from continuing operations before income taxes: 34,78828,68818,475(41,849)20,211(4,580)
Income tax expense (benefit) (30)7(63)(198)(166)(260)
Income (loss) from continuing operations: 34,75828,69518,412(42,047)20,045(4,840)
Income (loss) before gain (loss) on sale of properties:34,758(13,480)18,412(42,047)20,045(4,840)
Loss from discontinued operations  (42,175)    
Net income (loss): 34,758(13,480)18,412(42,047)20,045(4,840)
Net loss attributable to noncontrolling interest (24,824)     
Other undisclosed net income attributable to parent 100,596     
Net income (loss) available to common stockholders, diluted: 110,530(13,480)18,412(42,047)20,045(4,840)

Comprehensive Income ($ in thousands)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 34,758(13,480)18,412(42,047)20,045(4,840)
Comprehensive income (loss), net of tax, attributable to parent: 34,758(13,480)18,412(42,047)20,045(4,840)

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: