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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments89861412
Cash and cash equivalents89861412
Receivables297348432481492486
Inventory, net of allowances, customer advances and progress billings9810112315916894
Inventory9810112315916894
Derivative instruments and hedges, assets8531731133426
Other undisclosed current assets11161921315742
Total current assets:499504654973866659
Noncurrent Assets
Operating lease, right-of-use asset282424191920
Property, plant and equipment4,4964,5154,5304,3893,7964,000
Long-term investments and receivables78124120121165165
Long-term investments78124120121165165
Intangible assets, net (including goodwill)1,1951,2121,2291,3861,3511,388
Goodwill223223223251195178
Intangible assets, net (excluding goodwill)9729891,0061,1351,1571,210
Other noncurrent assets1110101167
Total noncurrent assets:5,8085,8865,9135,9275,3375,581
TOTAL ASSETS:6,3076,3896,5676,8996,2036,240
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities355446486591563637
Accounts payable198278306386404446
Accrued liabilities157168181205159190
Debt     00
Derivative instruments and hedges, liabilities913243782108
Total current liabilities:364459510628645744
Noncurrent Liabilities
Long-term debt and lease obligation3,2593,3153,3783,5702,9292,810
Long-term debt, excluding current maturities3,2593,3153,3783,5702,9292,810
Liabilities, other than long-term debt330328337329271285
Deferred income tax liabilities334432
Other liabilities327325333326268283
Total noncurrent liabilities:3,5893,6433,7153,8993,2003,095
Total liabilities:3,9534,1024,2254,5273,8453,840
Temporary equity, carrying amount434434434434434435
Equity
Other undisclosed equity1,9191,8531,9071,9381,9231,966
Total equity:1,9191,8531,9071,9381,9231,966
TOTAL LIABILITIES AND EQUITY:6,3076,3896,5676,8996,2036,240

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,0211,2631,4031,5661,4481,584
Cost of revenue(785)(997)(1,133)(1,287)(1,213)(1,364)
Cost of goods and services sold(785)     
Gross profit:237266270279235219
Operating expenses(161)(170)(166)(276)(161)(164)
Operating income:769610437455
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 00 (0)0
Interest and debt expense(55)(56)(54)(48)(40)(36)
Income (loss) from continuing operations before equity method investments, income taxes:204051(45)3419
Income from equity method investments13224363
Income (loss) from continuing operations before income taxes:1534254(42)4022
Income tax expense (benefit)(1)(0)(0)(1)(0)0
Income (loss) from continuing operations:1524254(43)3922
Income (loss) before gain (loss) on sale of properties:(43)3922
Other undisclosed net loss      (0)
Net income (loss):1524254(43)3922
Net loss attributable to noncontrolling interest(10)(10)(10)(10)(10)(10)
Net income (loss) available to common stockholders, basic:1423144(53)2912
Other undisclosed net loss available to common stockholders, diluted(15)(15)  (15) 
Net income (loss) available to common stockholders, diluted:1271644(53)1412

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):1524254(43)3922
Comprehensive income (loss):1524254(43)3922
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(10)(10)(10)(10)(10)
Comprehensive income (loss), net of tax, attributable to parent:1423144(53)2912

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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