Genesis Energy, L.P. (GEL) financial statements (2020 and earlier)

Company profile

Business Address 919 MILAM, SUITE 2100
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
SIC 5171 - Petroleum Bulk stations and Terminals (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2910971199
Cash and cash equivalents2910971199
Restricted cash and investments27      
Receivables417323495225220272368
Inventory, net of allowances, customer advances and progress billings65748999444785
Inventory65748999444785
Deferred costs     3934
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases    (6) 
Other current assets55364329322873
Other undisclosed current assets     (33)(34)
Total current assets:593443636360306355535
Noncurrent Assets
Operating lease, right-of-use asset177
Net investment in lease108
Property, plant and equipment4,2944,4174,8664,2153,9321,6311,129
Long-term investments and receivables335472507542614775620
Long-term investments335355382409474629620
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases117125133140146 
Intangible assets, net (including goodwill)441465507530548408388
Goodwill302302325325325325325
Intangible assets, net (excluding goodwill)1391631822052238363
Other noncurrent assets941225757596138
Other undisclosed noncurrent assets556560565   152
Total noncurrent assets:6,0056,0366,5015,3435,1532,8752,327
TOTAL ASSETS:6,5986,4797,1375,7035,4603,2302,862
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities415333456261302363447
Accounts payable219127271120141245316
Accrued liabilities197206185141161118130
Total current liabilities:415333456261302363447
Noncurrent Liabilities
Long-term debt and lease obligation 3,432 3,0912,9221,6011,284
Long-term debt, excluding current maturities 3,432 3,0912,9221,6011,284
Liabilities, other than long-term debt4062682772302153734
Deferred tax liabilities, net 2026231916
Deferred income tax liabilities13
Liability, pension and other postretirement and postemployment benefits 9    
Other liabilities3942592572041921818
Other undisclosed noncurrent liabilities3,42943,690    
Total noncurrent liabilities:3,8363,7043,9673,3223,1371,6381,318
Total liabilities:4,2514,0374,4233,5833,4392,0011,764
Temporary equity, carrying amount790761697    
Stockholders' equity
Stockholders' equity attributable to parent(8)1(1)    
Accumulated other comprehensive income (loss)(8)1(1)    
Other undisclosed stockholders' equity1,5651,6802,0182,1202,0211,2291,098
Total stockholders' equity:1,5561,6812,0172,1202,0211,2291,098
TOTAL LIABILITIES AND EQUITY:6,5986,4797,1375,7035,4603,2302,862

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,4812,9132,0281,7122,2473,8464,135
Cost of revenue(2,127)(2,559)(1,747)(1,419)(2,000)(3,649)(3,958)
Gross profit:353353281293247197176
Operating expenses(81)(183)(61)(87)(90)(65)(66)
Operating income:273170221206157133111
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(9)5(17) (18)  
Interest and debt expense(11)(3)(6)(10)(19)(5) 
Income from continuing operations before equity method investments, income taxes:253172198196120128111
Income from equity method investments56445148544323
Other undisclosed income (loss) from continuing operations before income taxes(209)(226)(171)(130)251(62)(49)
Income (loss) from continuing operations before income taxes:101(10)7811442610985
Income tax expense (benefit)(1)(1)4(3)(4)(3)(1)
Income (loss) from continuing operations:100(12)8211142210684
Income from discontinued operations      2
Net income (loss):100(12)8211142210686
Net income attributable to noncontrolling interest  121  
Other undisclosed net income (loss) attributable to parent(4)6     
Net income (loss) attributable to parent:96(6)8311342310686
Other undisclosed net loss available to common stockholders, basic(74)(70)(22)    
Net income (loss) available to common stockholders, diluted:22(76)6111342310686

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):100(12)8211142210686
Other undisclosed comprehensive income (loss)(9)2(0)    
Comprehensive income (loss):91(10)8211142210686
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)6121  
Other undisclosed comprehensive loss, net of tax, attributable to parent(2) (1)    
Comprehensive income (loss), net of tax, attributable to parent:87(5)8111342310686

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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