Global Partners LP Global Partners LP (GLP) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
P.O. BOX 9161 WALTHAM, MA 02454 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5171 - Petroleum Bulk stations and Terminals (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 15 | ||||||||
| Cash and cash equivalents | 15 | ||||||||
| Receivables | 481 | 412 | 230 | 421 | 340 | 421 | |||
| Inventory, net of allowances, customer advances and progress billings | 567 | 510 | 384 | 450 | 386 | 351 | |||
| Inventory | 567 | 510 | 384 | 450 | 386 | 351 | |||
| Derivative instruments and hedges, assets | 20 | 12 | 17 | 5 | 26 | 4 | |||
| Other undisclosed current assets | 101 | 132 | 151 | 128 | 122 | 88 | |||
| Total current assets: | 1,169 | 1,065 | 781 | 1,005 | 875 | 878 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 288 | 280 | 291 | 297 | ✕ | ✕ | |||
| Property, plant and equipment | 1,218 | 1,099 | 1,082 | 1,105 | 1,133 | 1,037 | |||
| Long-term investments and receivables | |||||||||
| Long-term investments | |||||||||
| Intangible assets, net (including goodwill) | 455 | 354 | 359 | 371 | 386 | 369 | |||
| Goodwill | 428 | 328 | 324 | 324 | 327 | 312 | |||
| Intangible assets, net (excluding goodwill) | 27 | 26 | 36 | 47 | 59 | 57 | |||
| Other noncurrent assets | 31 | 32 | 27 | 31 | 31 | 36 | |||
| Total noncurrent assets: | 1,992 | 1,766 | 1,759 | 1,804 | 1,549 | 1,442 | |||
| TOTAL ASSETS: | 3,161 | 2,831 | 2,541 | 2,808 | 2,424 | 2,320 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 688 | 513 | 344 | 494 | 441 | 413 | |||
| Settlement liabilities | ✕ | ✕ | 21 | 10 | 18 | 15 | |||
| Accounts payable | 531 | 353 | 208 | 373 | 309 | 313 | |||
| Accrued liabilities | 157 | 139 | 127 | 103 | 117 | 100 | |||
| Debt | 153 | 205 | 34 | 217 | 103 | 127 | |||
| Derivative instruments and hedges, liabilities | 18 | 32 | 12 | 13 | 4 | 14 | |||
| Accrued environmental loss contingencies | 5 | 5 | 4 | 5 | 6 | 5 | |||
| Other undisclosed current liabilities | 108 | 86 | 102 | 25 | 28 | 110 | |||
| Total current liabilities: | 971 | 840 | 498 | 754 | 583 | 669 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 883 | 1,112 | 1,111 | 1,078 | 664 | 662 | |||
| Long-term debt, excluding current maturities | 741 | 739 | 738 | 691 | 664 | 662 | |||
| Finance lease, liability | 142 | 144 | 147 | 148 | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 429 | 167 | 173 | 158 | 124 | 117 | |||
| Asset retirement obligations | 10 | 9 | 8 | 8 | 9 | 8 | |||
| Deferred income tax liabilities | 66 | 57 | 56 | 43 | ✕ | ✕ | |||
| Accrued environmental loss contingencies | 64 | 48 | 49 | 54 | 57 | 53 | |||
| Other liabilities | 57 | 53 | 59 | 52 | 58 | 56 | |||
| Operating lease, liability | 231 | 228 | 227 | 239 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 89 | 185 | 264 | 360 | 554 | 478 | |||
| Total noncurrent liabilities: | 1,401 | 1,464 | 1,547 | 1,595 | 1,342 | 1,257 | |||
| Total liabilities: | 2,372 | 2,303 | 2,045 | 2,349 | 1,925 | 1,926 | |||
| Equity | |||||||||
| Equity, attributable to parent | (0) | (2) | 2 | (5) | (5) | (5) | |||
| Accumulated other comprehensive income (loss) | (0) | (2) | 2 | (5) | (5) | (5) | |||
| Other undisclosed equity | 789 | 530 | 494 | 464 | 504 | 400 | |||
| Total equity: | 788 | 528 | 495 | 459 | 499 | 394 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,161 | 2,831 | 2,541 | 2,808 | 2,424 | 2,320 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 18,878 | 13,248 | 8,322 | 13,082 | 12,673 | 8,921 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 8,921 | |
| Cost of revenue (Cost of Goods and Services Sold) | (17,780) | (12,529) | (7,600) | (12,419) | (12,022) | (8,338) | ||
| Gross profit: | 1,098 | 719 | 721 | 663 | 650 | 583 | ||
| Operating expenses | (637) | (577) | (529) | (524) | (453) | (463) | ||
| Operating income: | 460 | 142 | 192 | 139 | 197 | 120 | ||
| Interest and debt expense | (7) | (13) | (5) | (1) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (84) | (90) | (84) | (86) | ||||
| Income from continuing operations before equity method investments, income taxes: | 460 | 142 | 102 | 36 | 108 | 34 | ||
| Income from equity method investments | ||||||||
| Other undisclosed loss from continuing operations before income taxes | (81) | (80) | ||||||
| Income from continuing operations before income taxes: | 379 | 62 | 102 | 36 | 108 | 34 | ||
| Income tax expense (benefit) | (17) | (1) | 0 | (1) | (6) | 24 | ||
| Income from continuing operations: | 362 | 61 | 102 | 35 | 102 | 57 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 61 | 102 | 35 | 102 | 57 | |
| Net income: | 362 | 61 | 102 | 35 | 102 | 57 | ||
| Net income attributable to noncontrolling interest | 1 | 1 | 2 | 2 | ||||
| Net income available to common stockholders, diluted: | 362 | 61 | 102 | 36 | 104 | 59 | ||
Comprehensive Income ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 362 | 61 | 102 | 35 | 102 | 57 | ||
| Other comprehensive income (loss) | 1 | (4) | 7 | 0 | 0 | (0) | ||
| Comprehensive income: | 364 | 57 | 108 | 35 | 103 | 57 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 1 | 1 | 2 | 2 | ||||
| Comprehensive income, net of tax, attributable to parent: | 364 | 57 | 109 | 36 | 104 | 59 | ||
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.