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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Receivables442442481434517528
Inventory, net of allowances, customer advances and progress billings344385567428431512
Inventory344385567428431512
Derivative instruments and hedges, assets171920221718
Other undisclosed current assets99105101118112142
Total current assets:9019511,1691,0011,0771,200
Noncurrent Assets
Operating lease, right-of-use asset271284288288282277
Property, plant and equipment1,2001,2041,2181,2171,1801,203
Long-term investments and receivables71     
Long-term investments71     
Intangible assets, net (including goodwill)450453455440441443
Goodwill428428428411410409
Intangible assets, net (excluding goodwill)232527293133
Other noncurrent assets443331303030
Total noncurrent assets:2,0361,9741,9921,9741,9321,953
TOTAL ASSETS:2,9372,9253,1612,9753,0103,153
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities539401688732760603
Settlement liabilities395532
Accounts payable399285531549574466
Accrued liabilities140115157144132105
Debt89247153 71179
Derivative instruments and hedges, liabilities5818245452
Accrued environmental loss contingencies555555
Other undisclosed current liabilities116112108644569
Total current liabilities:754773971825934908
Noncurrent Liabilities
Long-term debt and lease obligation8828828831,1151,1121,112
Long-term debt, excluding current maturities742741741741740740
Finance lease, liability140141142143143144
Liabilities, other than long-term debt406411429187176172
Asset retirement obligations   10   
Deferred income tax liabilities666666655857
Accrued environmental loss contingencies626364635760
Other liabilities585357596055
Operating lease, liability219229231232228229
Other undisclosed noncurrent liabilities119998999123428
Total noncurrent liabilities:1,4071,3921,4011,4011,4111,713
Total liabilities:2,1612,1652,3722,2262,3442,620
Equity
Equity, attributable to parent10(0)(7)(6)(3)
Accumulated other comprehensive income (loss)10(0)(7)(6)(3)
Other undisclosed equity775759789757672536
Total equity:776759788749665533
TOTAL LIABILITIES AND EQUITY:2,9372,9253,1612,9753,0103,153

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues3,8324,0304,4274,6275,3244,501
Cost of revenue
(Cost of Goods and Services Sold)
(3,589)(3,808)(4,145)(4,298)(5,042)(4,294)
Gross profit:243222282328281206
Operating expenses(180)(171)(203)(187)(95)(153)
Operating income:63517914118753
Income from continuing operations before equity method investments, income taxes:63517914118753
Income from equity method investments1     
Other undisclosed loss from continuing operations before income taxes(22)(22)(20)(19)(21)(21)
Income from continuing operations before income taxes:42295912216632
Income tax expense(1)(0)(2)(11)(3)(1)
Income from continuing operations:41295711116330
Income before gain (loss) on sale of properties:11116330
Net income available to common stockholders, diluted:41295711116330

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:41295711116330
Other comprehensive income (loss)107(1)(3)(2)
Comprehensive income, net of tax, attributable to parent:42296411016029

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.

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