DCP Midstream LP (DCP) financial statements (2021 and earlier)

Company profile

Business Address 370 17TH STREET
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End December 31
SIC 4922 - Natural Gas Transmission (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments5218 1156
Cash and cash equivalents5218 1156
Restricted cash and investments1435 3475
Receivables820597 1,2061,189
Inventory, net of allowances, customer advances and progress billings3826 7968
Inventory3826 7968
Derivative instruments and hedges, assets63252 10830
Other current assets2130 1612
Other undisclosed current assets   (173)(208)
Total current assets:1,008958 1,2711,322
Noncurrent Assets
Finance lease, right-of-use asset2521 
Operating lease, right-of-use asset8598 
Property, plant and equipment7,9938,180 9,1358,983
Long-term investments and receivables3,6413,681 3,3403,050
Long-term investments3,6413,681 3,3403,050
Intangible assets, net (including goodwill)4448 328337
Goodwill   231231
Intangible assets, net (excluding goodwill)4448 97106
Derivative instruments and hedges1653 83
Regulated entity, other noncurrent assets3836 3029
Restricted cash and investments 11   
Other noncurrent assets170170 184183
Other undisclosed noncurrent assets(63)(68) (30)(29)
Total noncurrent assets:11,94912,230 12,99512,556
TOTAL ASSETS:12,95713,188 14,26613,878
Current Liabilities
Accounts payable and accrued liabilities777197 1,0061,183
Accounts payable56336 807989
Employee-related liabilities7025 6465
Taxes payable5969 6458
Interest and dividends payable8567 7171
Debt5053 525 
Derivative instruments and hedges, liabilities56192 9176
Due to related parties16197 9668
Other liabilities122148 100103
Other undisclosed current liabilities 329 8658
Total current liabilities:1,621966 1,9041,488
Noncurrent Liabilities
Long-term debt and lease obligation5,1195,921 4,7824,707
Long-term debt, excluding current maturities5,1195,921 4,7824,707
Liabilities, other than long-term debt280302 251216
Deferred income tax liabilities3030 
Other liabilities243226 243201
Derivative instruments and hedges, liabilities746 815
Other undisclosed noncurrent liabilities7683 3229
Total noncurrent liabilities:5,4756,306 5,0654,952
Total liabilities:7,0967,272 6,9696,440
Stockholders' equity
Stockholders' equity attributable to parent(7)(7) (8)(9)
Accumulated other comprehensive loss(7)(7) (8)(9)
Other undisclosed stockholders' equity5,8685,923 7,3057,447
Total stockholders' equity:5,8615,916 7,2977,438
TOTAL LIABILITIES AND EQUITY:12,95713,188 14,26613,878

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

Revenues6,302  9,8228,462
Revenue, net9,3748,502
Cost of revenue(5,513)  (8,030)(6,887)
Cost of goods and services sold6  (8,019)(6,887)
Other undisclosed gross profit770  112
Gross profit:1,559  1,8031,577
Operating expenses(1,236)  (1,569)(1,378)
Other operating income (expense), net15  (11)(11)
Other undisclosed operating income (loss)(785)   34
Operating income (loss):(447)  223222
Interest and debt expense(302)  (288)(289)
Loss from continuing operations before equity method investments, income taxes:(749)  (65)(67)
Income from equity method investments447  370303
Income (loss) from continuing operations before income taxes:(302)  305236
Income tax expense   (3)(2)
Net income (loss):(302)  302234
Net loss attributable to noncontrolling interest(4)  (4)(5)
Net income (loss) available to common stockholders, diluted:(306)  298229

Comprehensive Income ($ in millions)

Net income (loss):(302)  302234
Other comprehensive income   11
Comprehensive income (loss):(302)  303235
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)  (4)(5)
Comprehensive income (loss), net of tax, attributable to parent:(306)  299230

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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