Genesis Energy L.P. (GEL) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
811 LOUISIANA ST, SUITE 1200 HOUSTON, TX 77002 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 461 - Pipelines, Except Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9,234 | 21,101 | 11,506 | 18,086 | 7,930 | 5,848 | |||
| Cash and cash equivalents | 9,234 | 21,101 | 11,506 | 18,086 | 7,930 | 5,848 | |||
| Restricted cash and investments | 18,804 | 18,804 | 18,804 | 18,720 | 18,637 | 18,637 | |||
| Receivables | 759,547 | 871,298 | 774,086 | 748,538 | 721,567 | 575,927 | |||
| Inventory, net of allowances, customer advances and progress billings | 135,231 | 126,946 | 117,852 | 121,328 | 78,143 | 92,907 | |||
| Inventory | 135,231 | 126,946 | 117,852 | 121,328 | 78,143 | 92,907 | |||
| Other current assets | 41,234 | 53,396 | 43,446 | 46,123 | 26,770 | 33,111 | |||
| Total current assets: | 964,050 | 1,091,545 | 965,694 | 952,795 | 853,047 | 726,430 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 240,341 | 229,785 | 223,179 | 212,803 | 125,277 | 128,288 | |||
| Property, plant and equipment | 4,528,301 | 4,322,632 | 4,183,702 | 4,116,942 | 4,096,573 | 4,020,324 | |||
| Long-term investments and receivables | 263,829 | 270,294 | 274,233 | 279,658 | 284,486 | 285,417 | |||
| Long-term investments | 263,829 | 270,294 | 274,233 | 279,658 | 284,486 | 285,417 | |||
| Intangible assets, net (including goodwill) | 443,496 | 443,662 | 440,239 | 429,420 | 429,279 | 429,160 | |||
| Goodwill | 301,959 | 301,959 | 301,959 | 301,959 | 301,959 | 301,959 | |||
| Intangible assets, net (excluding goodwill) | 141,537 | 141,703 | 138,280 | 127,461 | 127,320 | 127,201 | |||
| Contract with customer, asset, after allowance for credit loss | 859 | 181 | |||||||
| Other noncurrent assets | 38,241 | 38,658 | 39,439 | 50,601 | 32,208 | 33,745 | |||
| Other undisclosed noncurrent assets | 539,661 | 541,685 | 542,973 | 544,241 | 545,122 | 546,175 | |||
| Total noncurrent assets: | 6,054,728 | 5,846,897 | 5,703,765 | 5,633,665 | 5,512,945 | 5,443,109 | |||
| TOTAL ASSETS: | 7,018,778 | 6,938,442 | 6,669,459 | 6,586,460 | 6,365,992 | 6,169,539 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 967,447 | 1,023,713 | 857,980 | 805,246 | 709,107 | 645,317 | |||
| Accounts payable | 588,924 | 660,577 | 524,268 | 518,822 | 427,961 | 378,367 | |||
| Accrued liabilities | 378,523 | 363,136 | 333,712 | 286,424 | 281,146 | 266,950 | |||
| Total current liabilities: | 967,447 | 1,023,713 | 857,980 | 805,246 | 709,107 | 645,317 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,361,255 | 3,209,786 | 3,143,450 | 3,132,968 | 3,061,712 | 3,377,328 | |||
| Long-term debt, excluding current maturities | 3,361,255 | 3,209,786 | 3,143,450 | 3,132,968 | 3,061,712 | 3,377,328 | |||
| Liabilities, other than long-term debt | 925,691 | 654,163 | 619,179 | 582,886 | 607,583 | 388,704 | |||
| Deferred revenue | 112,734 | 95,213 | 85,833 | 74,954 | 64,478 | ||||
| Deferred income tax liabilities | 17,510 | 17,577 | 17,203 | 17,072 | 16,652 | 15,307 | |||
| Liability, pension and other postretirement and postemployment benefits | 10,304 | 11,992 | |||||||
| Other liabilities | 570,197 | 541,373 | 516,143 | 490,860 | 400,617 | 373,397 | |||
| Operating lease, liability | 214,946 | 113,844 | |||||||
| Other undisclosed noncurrent liabilities | 53,608 | 299,107 | 311,175 | 324,702 | 212,128 | ||||
| Total noncurrent liabilities: | 4,340,554 | 4,163,056 | 4,073,804 | 4,040,556 | 3,881,423 | 3,766,032 | |||
| Total liabilities: | 5,308,001 | 5,186,769 | 4,931,784 | 4,845,802 | 4,590,530 | 4,411,349 | |||
| Temporary equity, carrying amount | 813,589 | 839,695 | 865,802 | 891,909 | 891,909 | 891,909 | |||
| Equity | |||||||||
| Equity, attributable to parent | 8,040 | 6,479 | 6,357 | 6,236 | 6,114 | (5,242) | |||
| Accumulated other comprehensive income (loss) | 8,040 | 6,479 | 6,357 | 6,236 | 6,114 | (5,242) | |||
| Other undisclosed equity | 889,148 | 905,499 | 865,516 | 842,513 | 877,439 | 871,523 | |||
| Total equity: | 897,188 | 911,978 | 871,873 | 848,749 | 883,553 | 866,281 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,018,778 | 6,938,442 | 6,669,459 | 6,586,460 | 6,365,992 | 6,169,539 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 774,104 | 807,618 | 804,662 | 790,612 | 714,037 | 721,248 | ||
| Cost of revenue | (683,774) | (676,085) | (675,382) | (720,713) | (602,954) | (626,540) | ||
| Gross profit: | 90,330 | 131,533 | 129,280 | 69,899 | 111,083 | 94,708 | ||
| Operating expenses | (24,769) | (19,839) | (26,496) | (20,518) | (19,422) | (19,613) | ||
| Operating income: | 65,561 | 111,694 | 102,784 | 49,381 | 91,661 | 75,095 | ||
| Nonoperating expense (Other Nonoperating expense) | (2,815) | (4) | (1,808) | (21,388) | ||||
| Interest and debt expense | 6,439 | 3 | 1,809 | (1) | 3,881 | |||
| Income from continuing operations before equity method investments, income taxes: | 69,185 | 111,694 | 102,783 | 49,382 | 91,660 | 57,588 | ||
| Income from equity method investments | 16,592 | 17,242 | 14,811 | 17,553 | 13,954 | 13,236 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 182,245 | (61,580) | (61,626) | (62,663) | 177,392 | (61,591) | ||
| Income from continuing operations before income taxes: | 268,022 | 67,356 | 55,968 | 4,272 | 283,006 | 9,233 | ||
| Income tax expense (benefit) | 1,767 | (574) | (290) | (884) | (1,634) | (660) | ||
| Income from continuing operations: | 269,789 | 66,782 | 55,678 | 3,388 | 281,372 | 8,573 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 8,573 | |
| Other undisclosed net loss | (249,290) | (234,774) | ||||||
| Net income: | 20,499 | 66,782 | 55,678 | 3,388 | 46,598 | 8,573 | ||
| Net loss attributable to noncontrolling interest | (8,549) | (8,712) | (6,334) | |||||
| Other undisclosed net loss attributable to parent | (5,032) | (4,623) | (5,188) | |||||
| Net income (loss) attributable to parent: | 11,950 | 58,070 | 49,344 | (1,644) | 41,975 | 3,385 | ||
| Other undisclosed net loss available to common stockholders, basic | (21,505) | (22,308) | (22,910) | (24,002) | (24,000) | (18,684) | ||
| Net income (loss) available to common stockholders, diluted: | (9,555) | 35,762 | 26,434 | (25,646) | 17,975 | (15,299) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 20,499 | 66,782 | 55,678 | 3,388 | 46,598 | 8,573 | ||
| Other undisclosed comprehensive income | 1,561 | 122 | 121 | 122 | 11,356 | 122 | ||
| Comprehensive income: | 22,060 | 66,904 | 55,799 | 3,510 | 57,954 | 8,695 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (8,549) | (8,712) | (6,334) | (5,032) | (4,623) | (5,188) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 13,511 | 58,192 | 49,465 | (1,522) | 53,331 | 3,507 | ||
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.