Buckeye Partners L.P. (BPL) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
ONE GREENWAY PLAZA HOUSTON, TX 77046 |
| 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 millions)
| 9/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2 | 2 | 640 | 5 | 8 | 5 | |||
| Cash and cash equivalents | 2 | 2 | 640 | 5 | 8 | 5 | |||
| Receivables | 234 | 296 | 255 | 231 | 290 | 351 | |||
| Inventory, net of allowances, customer advances and progress billings | 211 | 301 | 357 | 193 | 243 | 312 | |||
| Inventory | 211 | 301 | 357 | 193 | 243 | 312 | |||
| Prepaid expense | 12 | 10 | 15 | 18 | 13 | 16 | |||
| Derivative instruments and hedges, assets | 18 | 35 | 2 | 78 | 69 | 4 | |||
| Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 182 | ||
| Other undisclosed current assets | 47 | 12 | 50 | 26 | 9 | 31 | |||
| Total current assets: | 524 | 657 | 1,319 | 552 | 632 | 901 | |||
| Noncurrent Assets | |||||||||
| Nontrade receivables | 8 | ✕ | |||||||
| Property, plant and equipment | 6,915 | 6,736 | 6,483 | 6,202 | 5,736 | 4,925 | |||
| Long-term investments and receivables | 1,112 | 1,494 | 90 | 84 | 83 | 72 | |||
| Long-term investments | 1,112 | 1,494 | 90 | 84 | 83 | 72 | |||
| Intangible assets, net (including goodwill) | 764 | 1,366 | 1,428 | 1,490 | 1,547 | 1,047 | |||
| Goodwill | 471 | 1,007 | 1,005 | 999 | 993 | 822 | |||
| Intangible assets, net (excluding goodwill) | 293 | 359 | 423 | 491 | 554 | 225 | |||
| Derivative instruments and hedges | 3 | ||||||||
| Regulated entity, other noncurrent assets | 25 | 21 | |||||||
| Other noncurrent assets | 41 | 51 | 102 | 41 | 88 | 60 | |||
| Assets held-for-sale, long lived | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 157 | ||
| Other undisclosed noncurrent assets | (36) | (178) | |||||||
| Total noncurrent assets: | 8,832 | 9,648 | 8,102 | 7,818 | 7,454 | 6,104 | |||
| TOTAL ASSETS: | 9,356 | 10,305 | 9,421 | 8,369 | 8,086 | 7,006 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 242 | 258 | 229 | 174 | 241 | 170 | |||
| Interest and dividends payable | 58 | 57 | 60 | 56 | 58 | ||||
| Taxes payable | 30 | 33 | 34 | 28 | 20 | 15 | |||
| Employee-related liabilities | 6 | 7 | 7 | 7 | 5 | 5 | |||
| Accounts payable | 148 | 161 | 107 | 83 | 159 | 150 | |||
| Accrued liabilities | 21 | ||||||||
| Debt | 525 | 252 | 111 | 166 | 226 | ||||
| Derivative instruments and hedges, liabilities | 1 | 7 | 26 | 1 | 2 | 45 | |||
| Estimated litigation liability | 1 | 2 | 40 | ||||||
| Accrued environmental loss contingencies | 12 | 9 | 8 | 9 | 12 | 12 | |||
| Asset retirement obligation | 1 | 3 | 1 | 1 | 8 | ||||
| Other liabilities | 52 | 41 | 23 | 28 | 56 | 51 | |||
| Deferred revenue and credits | ✕ | ✕ | 35 | 32 | 33 | 34 | 29 | ||
| Customer advances and deposits | ✕ | ✕ | 36 | 14 | ✕ | ||||
| Other undisclosed current liabilities | 296 | 81 | 77 | 108 | 55 | 144 | |||
| Total current liabilities: | 1,128 | 685 | 400 | 504 | 622 | 685 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,012 | 4,658 | 4,218 | 3,733 | 3,389 | 3,093 | |||
| Long-term debt, excluding current maturities | 4,012 | 4,658 | 4,218 | 3,733 | 3,389 | 3,093 | |||
| Liabilities, other than long-term debt | 85 | 93 | 105 | 115 | 201 | 227 | |||
| Deferred revenue and credits | ✕ | ✕ | 24 | 35 | |||||
| Accrued environmental loss contingencies | 40 | 46 | |||||||
| Other liabilities | 85 | 93 | 105 | 115 | 135 | 147 | |||
| Derivative instruments and hedges, liabilities | 3 | ||||||||
| Other undisclosed noncurrent liabilities | (66) | (80) | |||||||
| Total noncurrent liabilities: | 4,097 | 4,751 | 4,323 | 3,848 | 3,524 | 3,240 | |||
| Total liabilities: | 5,224 | 5,436 | 4,723 | 4,353 | 4,145 | 3,925 | |||
| Equity | |||||||||
| Equity, attributable to parent | (40) | 29 | (26) | (98) | (115) | (104) | |||
| Accumulated other comprehensive income (loss) | (40) | 29 | (26) | (98) | (115) | (104) | |||
| Other undisclosed equity | 4,171 | 4,840 | 4,724 | 4,115 | 4,056 | 3,184 | |||
| Total equity: | 4,131 | 4,868 | 4,698 | 4,017 | 3,941 | 3,081 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,356 | 10,305 | 9,421 | 8,369 | 8,086 | 7,006 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,108 | 3,648 | 3,248 | 3,453 | 6,620 | 5,054 | ||
| Revenue, net | ✕ | ✕ | 3,648 | 3,248 | 3,453 | 6,620 | 5,054 | |
| Cost of revenue | (3,415) | (2,873) | (2,429) | (2,745) | (5,958) | (4,300) | ||
| Cost of goods and services sold | (2,522) | (1,969) | (1,550) | (1,966) | (5,312) | (3,944) | ||
| Gross profit: | 693 | 775 | 819 | 709 | 662 | 754 | ||
| Operating expenses | (276) | (91) | (86) | (105) | (167) | (276) | ||
| Other operating income, net | 16 | 5 | 5 | |||||
| Other nonrecurring (income) expense | (17) | |||||||
| Other undisclosed operating loss | (16) | (5) | (5) | |||||
| Operating income: | 417 | 684 | 733 | 604 | 495 | 478 | ||
| Nonoperating expense | (465) | (189) | (183) | (165) | (160) | (125) | ||
| Interest and debt expense | (190) | (226) | (195) | (171) | (171) | (131) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (238) | 269 | 355 | 268 | 164 | 222 | ||
| Income from equity method investments | 11 | 5 | ||||||
| Other undisclosed income from continuing operations before income taxes | 190 | 226 | 195 | 171 | 160 | 126 | ||
| Income (loss) from continuing operations before income taxes: | (48) | 495 | 550 | 439 | 335 | 353 | ||
| Income tax expense | (4) | (1) | (1) | (1) | (0) | (1) | ||
| Income (loss) from continuing operations: | (52) | 494 | 549 | 438 | 334 | 352 | ||
| Income (loss) before gain (loss) on sale of properties: | (52) | 494 | 549 | 438 | 275 | 164 | ||
| Loss from discontinued operations | (1) | (60) | (187) | |||||
| Net income (loss): | (52) | 494 | 549 | 438 | 275 | 164 | ||
| Net loss attributable to noncontrolling interest | (7) | (15) | (13) | (0) | ||||
| Net income (loss) attributable to parent: | (59) | 479 | 536 | 437 | 275 | 164 | ||
| Other undisclosed net loss available to common stockholders, basic | (4) | (4) | ||||||
| Net income (loss) available to common stockholders, diluted: | (63) | 475 | 536 | 437 | 275 | 164 | ||
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (52) | 494 | 549 | 438 | 275 | 164 | ||
| Other comprehensive income (loss) | (69) | 54 | 72 | 17 | (12) | 55 | ||
| Comprehensive income (loss): | (121) | 548 | 621 | 455 | 263 | 220 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (7) | (15) | (13) | (0) | (2) | 4 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (8) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (128) | 533 | 608 | 455 | 261 | 216 | ||
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.