Crestwood Equity Partners LP (CEQP) Financial Statements (2024 and earlier)

Company Profile

Business Address 811 MAIN STREET
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4923 - Natural Gas Transmission and Distribution (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments813142611
Cash and cash equivalents813142611
Restricted cash and investments     16 
Receivables432378262242252443
Inventory, net of allowances, customer advances and progress billings12315789546568
Inventory12315789546568
Derivative instruments and hedges, assets73422743357
Other undisclosed current assets191513121111
Total current assets:654605406376379531
Noncurrent Assets
Operating lease, right-of-use asset24273754
Property, plant and equipment4,5302,7792,9172,9092,0301,821
Long-term investments and receivables1201569449801,1881,183
Long-term investments1201569449801,1881,183
Intangible assets, net (including goodwill)1,2298729331,024692745
Goodwill223139139219139148
Intangible assets, net (excluding goodwill)1,006733794805554597
Other noncurrent assets1077656
Total noncurrent assets:5,9133,8414,8384,9733,9153,754
TOTAL ASSETS:6,5674,4465,2445,3494,2954,285
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:486484282351325106
Taxes payable    0
Accounts payable306337160189213 
Accrued liabilities181147122162112 
Other undisclosed accounts payable and accrued liabilities      106
Debt  00011
Derivative instruments and hedges, liabilities24115767649
Business combination, contingent consideration, liability   19   
Other undisclosed current liabilities      349
Total current liabilities:510598378358332505
Noncurrent Liabilities
Long-term debt and lease obligation3,3782,0522,4842,3701,7521,491
Long-term debt, excluding current maturities3,3782,0522,4842,3281,7521,491
Liabilities, other than long-term debt337261294539242108
Deferred revenue    145
Contract with customer, liability65
Asset retirement obligations    33  
Deferred tax liabilities, net33
Deferred income tax liabilities4233
Other liabilities333259253302174105
Operating lease, liability    42
Business combination, contingent consideration, liability   3857  
Other undisclosed noncurrent liabilities    (277)  
Total noncurrent liabilities:3,7152,3132,7782,6331,9941,599
Total liabilities:4,2252,9123,1562,9902,3262,104
Temporary equity, carrying amount434435433426  
Equity
Other undisclosed equity1,9071,1001,6551,933  
Total equity:1,9071,1001,6551,933  
Other undisclosed liabilities and equity     1,9682,181
TOTAL LIABILITIES AND EQUITY:6,5674,4465,2445,3494,2954,285

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,0014,5692,2543,1823,6543,881
Cost of revenue(4,997)(3,844)(1,601)(2,545)(3,129)(3,375)
Cost of goods and services sold     (3,359)
Gross profit:1,004725654637525506
Operating expenses(768)(502)(567)(235)(411)(424)
Other undisclosed operating loss      (161)
Operating income (loss):23622387402114(79)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
00(1)101
Interest and debt expense(177)(140)(134)(115)(100)(137)
Income (loss) from continuing operations before equity method investments, income taxes:5983(47)28714(215)
Income (loss) from equity method investments16(120)33335348
Income (loss) from continuing operations before income taxes:74(37)(15)32067(167)
Income tax expense (benefit)(2)(0)(0)(0)(0)1
Income (loss) from continuing operations:73(37)(15)32067(167)
Income (loss) before gain (loss) on sale of properties:(37)(15)32067(167)
Net income (loss):73(37)(15)32067(167)
Net loss attributable to noncontrolling interest(41)(41)(41)(35)(16)(25)
Net income (loss) available to common stockholders, basic:31(79)(56)28551(192)
Other undisclosed net loss available to common stockholders, diluted (60)(60)(60)  
Net income (loss) available to common stockholders, diluted:31(139)(116)22551(192)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):73(37)(15)32067(167)
Other undisclosed comprehensive income (loss)    0(1)(1)
Comprehensive income (loss):73(37)(15)32066(167)
Comprehensive loss, net of tax, attributable to noncontrolling interest(41)(41)(41)(35)(16)(25)
Comprehensive income (loss), net of tax, attributable to parent:31(79)(56)28550(193)

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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