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 thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,2911,5161,8306611,6576,607
Cash and cash equivalents6,2911,5161,8306611,6576,607
Receivables230,769257,502234,010254,519230,252266,190
Inventory, net of allowances, customer advances and progress billings130,737144,976210,884197,516155,923158,193
Inventory130,737144,976210,884197,516155,923158,193
Prepaid expense26,779 11,93319,77222,8768,532
Contract with customer, asset, after allowance for credit loss17,232     
Derivative instruments and hedges, assets2,7561,46518,01960,30653,54747,411
Asset, held-for-sale, not part of disposal group      
Other undisclosed current assets21,15459,66946,96145,45742,72833,063
Total current assets:435,718465,128523,637578,231506,983519,996
Noncurrent Assets
Property, plant and equipment6,982,1116,950,4696,914,7966,973,4046,889,4356,806,230
Long-term investments and receivables169,400147,9901,111,7931,166,2451,482,0811,496,552
Long-term investments169,400147,9901,111,7931,166,2451,482,0811,496,552
Intangible assets, net (including goodwill)731,978748,171764,186780,2771,333,8121,350,190
Goodwill470,875470,875470,875470,3931,007,3551,007,341
Intangible assets, net (excluding goodwill)261,103277,296293,311309,884326,457342,849
Other noncurrent assets171,951182,12941,13837,71338,63542,543
Total noncurrent assets:8,055,4408,028,7598,831,9138,957,6399,743,9639,695,515
TOTAL ASSETS:8,491,1588,493,8879,355,5509,535,87010,250,94610,215,511
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities99,270101,318241,749145,02586,32692,884
Interest and dividends payable   58,360   
Taxes payable   29,644   
Employee-related liabilities   6,220   
Accounts payable99,270101,318147,525145,02586,32692,884
Debt140,260137,552525,000178,201171,006115,200
Derivative instruments and hedges, liabilities8247811,3205,7572,8545,232
Accrued environmental loss contingencies   11,658   
Other liabilities   51,988   
Other undisclosed current liabilities238,426265,647296,050273,379242,755232,872
Total current liabilities:478,780505,2981,127,765602,362502,941446,188
Noncurrent Liabilities
Long-term debt and lease obligation3,730,1613,683,0134,011,7154,985,2004,877,8904,587,949
Long-term debt, excluding current maturities3,730,1613,683,0134,011,7154,985,2004,877,8904,587,949
Liabilities, other than long-term debt197,596201,18084,90088,24990,52692,186
Other liabilities197,596201,18084,90088,24990,52692,186
Total noncurrent liabilities:3,927,7573,884,1934,096,6155,073,4494,968,4164,680,135
Total liabilities:4,406,5374,389,4915,224,3805,675,8115,471,3575,126,323
Equity
Equity, attributable to parent(37,012)(38,419)(40,061)55,68048,58059,087
Accumulated other comprehensive income (loss)(37,012)(38,419)(40,061)55,68048,58059,087
Other undisclosed equity4,121,6334,142,8154,171,2313,804,3794,731,0095,030,101
Total equity:4,084,6214,104,3964,131,1703,860,0594,779,5895,089,188
TOTAL LIABILITIES AND EQUITY:8,491,1588,493,8879,355,5509,535,87010,250,94610,215,511

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues791,7021,028,9721,074,783909,548940,8391,183,105
Revenue, net1,183,105
Cost of revenue(635,803)(873,102)(908,381)(742,837)(773,350)(990,303)
Cost of goods and services sold(416,397)(655,107)(669,327)(514,811)(552,399)(785,327)
Gross profit:155,899155,870166,402166,711167,489192,802
Operating expenses(18,306)(21,650)327,250(558,542)(21,792)(23,289)
Other operating income (expense), net3,007(1,213)32 2,12314,030
Other undisclosed operating income (loss)(3,007)1,213(32) (2,123)(14,030)
Operating income (loss):137,593134,220493,652(391,831)145,697169,513
Nonoperating expense(46,781)(52,662)(8,806)(352,871)(51,598)(51,931)
Interest and debt expense(49,574)(52,168)(11,169)(60,332)(59,566)(59,105)
Income (loss) from continuing operations before equity method investments, income taxes:41,23829,390473,677(805,034)34,53358,477
Other undisclosed income from continuing operations before income taxes49,57452,16811,16960,33259,56659,105
Income (loss) from continuing operations before income taxes:90,81281,558484,846(744,702)94,099117,582
Income tax expense(297)(298)(1,834)(634)(782)(490)
Income (loss) from continuing operations:90,51581,260483,012(745,336)93,317117,092
Income (loss) before gain (loss) on sale of properties:90,51581,260483,012(745,336)93,317117,092
Net income (loss):90,51581,260483,012(745,336)93,317117,092
Net loss attributable to noncontrolling interest(496)(498)(492)(499)(1,413)(4,719)
Net income (loss) attributable to parent:90,01980,762482,520(745,835)91,904112,373
Other undisclosed net loss available to common stockholders, basic (867)(882)(3,815) (1,239)(1,253)
Net income (loss) available to common stockholders, diluted:89,15279,880478,705(745,835)90,665111,120

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income (loss):90,51581,260483,012(745,336)93,317117,092
Other comprehensive income (loss)1,4071,642(95,741)7,100(10,507)30,456
Comprehensive income (loss):91,92282,902387,271(738,236)82,810147,548
Comprehensive loss, net of tax, attributable to noncontrolling interest(496)(498)(492)(499)(1,413)(4,719)
Comprehensive income (loss), net of tax, attributable to parent:91,42682,404386,779(738,735)81,397142,829

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.

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