CSI Compressco LP (CCLP) Financial Statements (2024 and earlier)

Company Profile

Business Address 1735 HUGHES LANDING BLVD
THE WOODLANDS, TX 77380
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,50212,31613,6158,47515,6658,364
Cash and cash equivalents15,50212,31613,6158,47515,6658,364
Receivables(365)(389)65,40766,03362,57970,489
Inventory, net of allowances, customer advances and progress billings46,71552,36150,87645,90243,59843,358
Inventory46,71552,36150,87645,90243,59843,358
Other undisclosed current assets62,96063,9807,9517,9056,68912,382
Total current assets:124,812128,268137,849128,315128,531134,593
Noncurrent Assets
Operating lease, right-of-use asset25,02827,84130,70127,20528,04728,933
Property, plant and equipment522,063528,867537,586544,973550,850549,278
Intangible assets, net (including goodwill)16,92117,66118,40019,14019,87920,617
Intangible assets, net (excluding goodwill)16,92117,66118,40019,14019,87920,617
Deferred income tax assets   3  
Other noncurrent assets3,4122,9592,7482,7673,0222,892
Other undisclosed noncurrent assets 333 55
Total noncurrent assets:567,427577,331589,438594,088601,803601,725
TOTAL ASSETS:692,239705,599727,287722,403730,334736,318
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities78,52069,07788,75981,66598,02580,248
Accounts payable22,40825,14629,98234,58940,80338,250
Accrued liabilities56,11243,93158,77747,07657,22241,998
Deferred revenue3,9554,9154,0982,590  
Disposal group, including discontinued operation      81
Total current liabilities:82,47573,99292,85784,25598,02580,329
Noncurrent Liabilities
Long-term debt and lease obligation619,341635,566630,717634,016642,813664,599
Long-term debt, excluding current maturities619,341635,566630,717634,016623,916644,942
Liabilities, other than long-term debt24,03627,58631,62629,4068,7785,168
Deferred income tax liabilities   1,245  
Other liabilities7,5329,39211,4638,7428,7785,168
Operating lease, liability16,50418,19420,16319,41918,89719,657
Other undisclosed noncurrent liabilities 1,0341,1741,320 1,028893
Total noncurrent liabilities:644,411664,326663,663663,422652,619670,660
Total liabilities:726,886738,318756,520747,677750,644750,989
Equity
Equity, attributable to parent(14,417)(14,406)(14,406)(14,406)(14,717)(14,489)
Accumulated other comprehensive loss(14,417)(14,406)(14,406)(14,406)(14,717)(14,489)
Total equity:(14,417)(14,406)(14,406)(14,406)(14,717)(14,489)
Other undisclosed liabilities and equity(20,230)(18,313)(14,827)(10,868)(5,593)(182)
TOTAL LIABILITIES AND EQUITY:692,239705,599727,287722,403730,334736,318

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues99,70796,77991,37193,96994,89584,522
Cost of revenue
(Cost of Goods and Services Sold)
(54,321)(53,495)(51,803)(53,884)(53,478)(47,563)
Gross profit:45,38643,28439,56840,08541,41736,959
Operating expenses(30,942)(31,377)(28,830)(29,739)(30,733)(30,257)
Operating income:14,44411,90710,73810,34610,6846,702
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,772)191516648(1,661)(325)
Interest and debt expense(13,410)(13,747)(13,315)(12,951)(12,615)(12,556)
Loss from continuing operations before income taxes:(738)(1,649)(2,061)(1,957)(3,592)(6,179)
Income tax expense(209)(924)(552)(2,289)(940)(741)
Loss from continuing operations:(947)(2,573)(2,613)(4,246)(4,532)(6,920)
Loss before gain (loss) on sale of properties:(4,451)(6,828)
Income from discontinued operations     8192
Net loss available to common stockholders, diluted:(947)(2,573)(2,613)(4,246)(4,451)(6,828)

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net loss:(947)(2,573)(2,613)(4,246)(4,451)(6,828)
Other undisclosed comprehensive income (loss)(11)  311(228)(97)
Comprehensive loss, net of tax, attributable to parent:(958)(2,573)(2,613)(3,935)(4,679)(6,925)

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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