Global Partners LP (GLP) financial statements (2020 and earlier)

Company profile

Business Address P.O. BOX 9161
WALTHAM, MA 02454
State of Incorp.
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 investments  1510159
Cash and cash equivalents  1510159
Receivables421340421425314462688
Inventory, net of allowances, customer advances and progress billings450386351522389337573
Inventory450386351522389337573
Derivative instruments and hedges, assets526421668446
Deferred tax assets    11
Other undisclosed current assets1281228898977358
Total current assets:1,0058758781,0758679611,374
Noncurrent Assets
Operating lease, right-of-use asset297
Property, plant and equipment1,1051,1331,0371,1001,243825804
Intangible assets, net (including goodwill)371386369360511203222
Goodwill324327312295435154154
Intangible assets, net (excluding goodwill)47595765764968
Other noncurrent assets31313629435128
Total noncurrent assets:1,8041,5491,4421,4891,7971,0791,054
TOTAL ASSETS:2,8082,4242,3202,5642,6642,0402,428
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities494441413391364566860
Accounts payable373309313320304457781
Accrued liabilities10311710070608366
Employee-related liabilities     2713
Settlement liabilities1815    
Debt217103127  14
Derivative instruments and hedges, liabilities1341427325938
Accrued environmental loss contingencies5655533
Other undisclosed current liabilities25281103761937967
Total current liabilities:754583669799595707973
Noncurrent Liabilities
Long-term debt and lease obligation1,078664662659657368148
Long-term debt, excluding current maturities691664662659657368148
Finance lease, liability148
Operating lease, liability239
Liabilities, other than long-term debt15812411712312511298
Asset retirement obligations898  42
Deferred tax liabilities, net    1414
Deferred income tax liabilities43
Accrued environmental loss contingencies54575358683438
Other liabilities52585665576044
Other undisclosed noncurrent liabilities360554478585594216746
Total noncurrent liabilities:1,5951,3421,2571,3671,375696992
Total liabilities:2,3491,9251,9262,1661,9701,4041,965
Stockholders' equity
Stockholders' equity attributable to parent(5)(5)(5)(5)(8)(13)(11)
Accumulated other comprehensive loss(5)(5)(5)(5)(8)(13)(11)
Other undisclosed stockholders' equity464504400403702649474
Total stockholders' equity:459499394398694636463
TOTAL LIABILITIES AND EQUITY:2,8082,4242,3202,5642,6642,0402,428

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
Revenues13,08212,6738,9218,24010,31517,27019,590
Revenue, net8,9218,24010,31517,27019,590
Cost of revenue
(Cost of Goods and Services Sold)
(12,419)(12,022)(8,338)(7,693)(9,717)(16,727)(19,184)
Gross profit:663650583546598543406
Operating expenses(524)(453)(463)(699)(483)(377)(320)
Operating income (loss):139197120(152)11516685
Interest and debt expense(13)(5)(1)(2)(73)(49)(44)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(90)(84)(86)(84) 2 
Income (loss) from continuing operations before income taxes:3610834(239)4111842
Income tax expense (benefit)(1)(6)24(0)2(1)(1)
Net income (loss):3510257(239)4311741
Net income attributable to noncontrolling interest122    
Net income (loss) available to common stockholders, diluted:3610459(239)4311741

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):3510257(239)4311741
Other comprehensive income (loss)00(0) 5  
Other undisclosed comprehensive income (loss)   3 (2)8
Comprehensive income (loss):3510357(236)4811549
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1223902(2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (5)3
Comprehensive income (loss), net of tax, attributable to parent:3610459(197)4911351

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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