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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q4
12/31/2019
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments52141218 
Cash and cash equivalents52141218 
Restricted cash and investments14212135 
Receivables820694613597 
Inventory, net of allowances, customer advances and progress billings38282826 
Inventory38282826 
Derivative instruments and hedges, assets639198252 
Other current assets21183030 
Total current assets:1,008866802958 
Noncurrent Assets
Finance lease, right-of-use asset25252221 
Operating lease, right-of-use asset85839198 
Property, plant and equipment7,9938,0468,1168,180 
Long-term investments and receivables3,6413,6683,6963,681 
Long-term investments3,6413,6683,6963,681 
Intangible assets, net (including goodwill)44464748 
Intangible assets, net (excluding goodwill)44464748 
Derivative instruments and hedges16402953 
Regulated entity, other noncurrent assets38404036 
Restricted cash and investments  911 
Other noncurrent assets170165165170 
Other undisclosed noncurrent assets(63)(65)(71)(68) 
Total noncurrent assets:11,94912,04812,14412,230 
TOTAL ASSETS:12,95712,91412,94613,188 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities777609512197 
Accounts payable56342136036 
Employee-related liabilities70472925 
Taxes payable59685269 
Interest and dividends payable85737167 
Deferred revenue  3  
Debt50550433 
Derivative instruments and hedges, liabilities568366192 
Due to related parties16111910297 
Other liabilities12298102148 
Other undisclosed current liabilities  24329 
Total current liabilities:1,6211,413812966 
Noncurrent Liabilities
Long-term debt and lease obligation5,1195,2445,8975,921 
Long-term debt, excluding current maturities5,1195,2445,8975,921 
Liabilities, other than long-term debt280299302302 
Deferred income tax liabilities30303030 
Other liabilities243240235226 
Derivative instruments and hedges, liabilities7293746 
Other undisclosed noncurrent liabilities76767683 
Total noncurrent liabilities:5,4755,6196,2756,306 
Total liabilities:7,0967,0327,0877,272 
Stockholders' equity
Stockholders' equity attributable to parent(7)(7)(7)(7) 
Accumulated other comprehensive loss(7)(7)(7)(7) 
Other undisclosed stockholders' equity5,8685,8895,8665,923 
Total stockholders' equity:5,8615,8825,8595,916 
TOTAL LIABILITIES AND EQUITY:12,95712,91412,94613,188 

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q4
12/31/2019
Q4
Revenues1,7851,5861,274(5,696)(5,696)
Cost of revenue(1,408)(1,222)(988)  
Other undisclosed gross profit3414  
Gross profit:380368300  
Operating expenses(332)(304)(292)  
Other operating income, net345  
Other undisclosed operating loss(6)(8)(19)  
Operating income (loss):4560(6)  
Interest and debt expense(76)(77)(71)  
Loss from continuing operations before equity method investments, income taxes:(31)(17)(77)  
Income from equity method investments116130125  
Income from continuing operations before income taxes:8511348  
Income tax benefit 1   
Other undisclosed loss from continuing operations(2)    
Income before gain (loss) on sale of properties:8311448  
Other undisclosed net income (loss)4(2)   
Net income:8711248  
Net loss attributable to noncontrolling interest(1)(1)(1)  
Net income available to common stockholders, diluted:8611147  

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q4
12/31/2019
Q4
Net income:8711248  
Comprehensive income:8711248  
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(1)  
Comprehensive income, net of tax, attributable to parent:8611147  

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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