Calumet Specialty Products Partners, L.P. (CLMT) Financial Statements (2024 and earlier)

Company Profile

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

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

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 investments36,00011,20035,20050,50027,50010,700
Cash and cash equivalents36,00011,20035,20050,50027,50010,700
Receivables315,300296,900268,000315,200401,600332,700
Inventory, net of allowances, customer advances and progress billings439,900454,800498,000402,200325,500337,600
Inventory439,900454,800498,000402,200325,500337,600
Derivative instruments and hedges, assets14,7007,100    
Other undisclosed current assets41,50029,90019,20020,60019,50010,800
Total current assets:847,400799,900820,400788,500774,100691,800
Noncurrent Assets
Operating lease, right-of-use asset   107,500   
Property, plant and equipment1,536,4001,543,2001,482,0001,329,4001,149,7001,015,200
Intangible assets, net (including goodwill)   209,300   
Goodwill   173,000   
Intangible assets, net (excluding goodwill)   36,300   
Restricted cash and investments      43,900
Other noncurrent assets420,400421,400122,600450,800429,900444,700
Total noncurrent assets:1,956,8001,964,6001,921,4001,780,2001,579,6001,503,800
TOTAL ASSETS:2,804,2002,764,5002,741,8002,568,7002,353,7002,195,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities388,300508,900579,500666,200641,900612,100
Interest and dividends payable37,10034,40038,100
Employee-related liabilities71,60049,80060,400
Accounts payable278,200394,300442,400448,800473,500415,100
Accrued liabilities110,100114,600137,100108,70084,20098,500
Debt21,90020,60020,00016,1007,5007,300
Derivative instruments and hedges, liabilities   26,50020,20039,000 
Other liabilities99,800112,70034,300106,300102,900101,300
Other undisclosed current liabilities688,200623,500691,800516,200506,400395,500
Total current liabilities:1,198,2001,265,7001,352,1001,325,0001,297,7001,116,200
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,824,3001,696,8001,539,7001,435,7001,442,6001,441,800
Long-term debt, excluding current maturities1,824,3001,696,8001,539,7001,435,7001,442,6001,441,800
Finance lease, liability2,2002,3002,5002,5002,7002,900
Other undisclosed long-term debt and lease obligation(2,200)(2,300)(2,500)(54,300)(65,900)(82,100)
Liabilities, other than long-term debt54,40052,90060,20073,40091,000101,400
Liability, pension and other postretirement and postemployment benefits   4,800   
Other liabilities54,40052,90018,30073,40091,000101,400
Operating lease, liability   37,10051,80063,20079,200
Other undisclosed noncurrent liabilities25,10025,20077,500   
Total noncurrent liabilities:1,903,8001,774,9001,677,4001,509,1001,533,6001,543,200
Total liabilities:3,102,0003,040,6003,029,5002,834,1002,831,3002,659,400
Temporary equity, carrying amount250,000250,000250,000200,000  
Equity
Equity, attributable to parent   (8,300)   
Accumulated other comprehensive loss   (8,300)   
Other undisclosed equity(547,800)(526,100)(529,400)(465,400)(477,600)(463,800)
Total equity:(547,800)(526,100)(537,700)(465,400)(477,600)(463,800)
TOTAL LIABILITIES AND EQUITY:2,804,2002,764,5002,741,8002,568,7002,353,7002,195,600

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

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
Revenues1,017,8001,036,900999,8001,165,0001,424,0001,097,900
Cost of revenue
(Cost of Goods and Services Sold)
(946,400)(940,200)(964,900)(1,025,700)(1,280,100)(1,065,200)
Gross profit:71,40096,70034,900139,300143,90032,700
Operating expenses(42,800)(50,500)(56,100)(54,900)(38,700)(45,200)
Other operating income (expense), net(5,200)(3,000)8,700(2,500)(9,500)(4,800)
Other nonrecurring (income) expense  (29,500) 200 (3,800)
Other undisclosed operating loss   (14,400)   
Operating income (loss):23,40043,200(26,900)81,90095,700(17,300)
Nonoperating expense(47,000)(23,900)(48,100)(65,800)(110,400)(77,500)
Investment income, nonoperating14,30025,500(8,500)16,500(67,600)(22,100)
Interest and debt expense(5,200)(49,200) (40,400)(42,600)(1,000)
Income (loss) from continuing operations before equity method investments, income taxes:(28,800)(29,900)(75,000)(24,300)(57,300)(95,800)
Other undisclosed income from continuing operations before income taxes5,20049,200 40,40042,6001,000
Income (loss) from continuing operations before income taxes:(23,600)19,300(75,000)16,100(14,700)(94,800)
Income tax expense(400)(500)(600)(1,500)(600)(700)
Income (loss) from continuing operations:(24,000)18,800(75,600)14,600(15,300)(95,500)
Income (loss) before gain (loss) on sale of properties:14,600(15,300)(95,500)
Net income (loss):(24,000)18,800(75,600)14,600(15,300)(95,500)
Net income attributable to noncontrolling interest5,5009,9005,6001,100  
Net income (loss) available to common stockholders, diluted:(18,500)28,700(70,000)15,700(15,300)(95,500)

Comprehensive Income ($ in thousands)

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):(24,000)18,800(75,600)14,600(15,300)(95,500)
Other comprehensive income100 1,600100 100
Comprehensive income (loss):(23,900)18,800(74,000)14,700(15,300)(95,400)
Comprehensive income, net of tax, attributable to noncontrolling interest5,5009,9005,6001,100  
Comprehensive income (loss), net of tax, attributable to parent:(18,400)28,700(68,400)15,800(15,300)(95,400)

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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