Calumet Specialty Products Partners, L.P. (CLMT) financial statements (2021 and earlier)

Company profile

Business Address 2780 WATERFRONT
INDIANAPOLIS, IN 46214
State of Incorp.
Fiscal Year End December 31
SIC 2911 - Petroleum Refining (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10910910510419164174
Cash and cash equivalents10910910510419164174
Receivables160175158187189241260
Inventory, net of allowances, customer advances and progress billings255231240223293293285
Inventory255231240223293293285
Derivative instruments and hedges, assets 132023111
Other undisclosed current assets1013138111212
Total current assets:535541537544512711731
Noncurrent Assets
Operating lease, right-of-use asset8666637993111 
Property, plant and equipment9209339499659741,0501,056
Long-term investments and receivables     69
Long-term investments     69
Intangible assets, net (including goodwill)231234237241243247251
Goodwill173173173173171171171
Intangible assets, net (excluding goodwill)58616568717580
Other noncurrent assets37333534373837
Other undisclosed noncurrent assets      124
Total noncurrent assets:1,2731,2671,2851,3181,3461,4511,476
TOTAL ASSETS:1,8081,8081,8221,8621,8582,1612,207
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities248251229241310364326
Accounts payable179158161159230270253
Employee-related liabilities28312522363226
Taxes payable10161114122118
Interest and dividends payable32463147324130
Debt322221242
Derivative instruments and hedges, liabilities1      
Other liabilities1521038550597080
Other undisclosed current liabilities140116116144195179188
Total current liabilities:545472433438565737596
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,3191,3131,3231,3591,2101,3061,476
Long-term debt, excluding current maturities1,3191,3131,3231,3591,2101,3061,476
Finance lease, liability333323 
Operating lease, liability454128313349 
Other undisclosed long-term debt and lease obligation(48)(44)(31)(34)(35)(51) 
Liabilities, other than long-term debt282728282966
Liability, pension and other postretirement and postemployment benefits9788855
Other liabilities191920212121
Other undisclosed noncurrent liabilities45412831334963
Total noncurrent liabilities:1,3921,3811,3781,4181,2711,3611,544
Total liabilities:1,9371,8521,8111,8551,8362,0992,140
Stockholders' equity
Stockholders' equity attributable to parent(12)(11)(11)(11)(11)(8)(8)
Accumulated other comprehensive loss(12)(11)(11)(11)(11)(8)(8)
Other undisclosed stockholders' equity(116)(34)2218327075
Total stockholders' equity:(129)(45)117226367
TOTAL LIABILITIES AND EQUITY:1,8081,8081,8221,8621,8582,1612,207

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues554568454693775930897
Cost of revenue
(Cost of Goods and Services Sold)
(532)(523)(364)(638)(684)(812)(790)
Gross profit:2245895491118107
Operating expenses(1)  (43)(198)(2)(68)
Other operating expense, net(7)(3)(4)    
Other nonrecurring (income) expense (6)     
Other undisclosed operating income (loss)(54)(73)(62)(36)111(83)(34)
Operating income (loss):(40)(31)23(24)4335
Nonoperating income (expense)(42)(25)(19)10(43)(38)(21)
Investment income, nonoperating(5)81139(4)(5)10
Interest and debt expense(33)(33)(31)(29)(3)(34)0
Loss from continuing operations before equity method investments, income taxes:(115)(89)(27)(43)(42)(38)(16)
Other undisclosed income (loss) from continuing operations before income taxes33333129334(0)
Income (loss) from continuing operations before income taxes:(82)(56)4(14)(39)(4)(17)
Income tax expense (benefit)(0)(0)(0)(1)0(1)(0)
Net income (loss) available to common stockholders, diluted:(82)(56)4(14)(39)(5)(17)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(82)(56)4(14)(39)(5)(17)
Other comprehensive income (loss) 0 (0)(3)  
Other undisclosed comprehensive loss(2)      
Comprehensive income (loss), net of tax, attributable to parent:(84)(56)4(15)(42)(5)(17)

Statements sources

The financial statements are based on the company's filings with the 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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