Global Partners LP (GLP) financial statements (2021 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
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Receivables421343379409340413427
Inventory, net of allowances, customer advances and progress billings450394426465386481338
Inventory450394426465386481338
Derivative instruments and hedges, assets599826713
Other undisclosed current assets12812511812812211799
Total current assets:1,0058719311,0098751,019878
Noncurrent Assets
Operating lease, right-of-use asset297299315 
Property, plant and equipment1,1051,1021,1061,1131,1331,1101,006
Intangible assets, net (including goodwill)371374377382386415362
Goodwill324325325326327353311
Intangible assets, net (excluding goodwill)47495255596251
Regulated entity, other noncurrent assets   9   
Other noncurrent assets31323429313233
Other undisclosed noncurrent assets   303   
Total noncurrent assets:1,8041,8071,8331,8371,5491,5561,401
TOTAL ASSETS:2,8082,6782,7642,8462,4242,5752,279
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities494422388449441434347
Accounts payable373310283343309337257
Accrued liabilities1039283891179790
Settlement liabilities1820221615  
Debt217168276220103308198
Derivative instruments and hedges, liabilities138131341415
Accrued environmental loss contingencies5666655
Other undisclosed current liabilities25161893283844
Total current liabilities:754621701780583798608
Noncurrent Liabilities
Long-term debt and lease obligation1,0781,0831,071665664664663
Long-term debt, excluding current maturities691690666665664664663
Finance lease, liability148150150 
Operating lease, liability239244255 
Liabilities, other than long-term debt15814614499124114104
Asset retirement obligations8   9  
Deferred income tax liabilities434343 
Accrued environmental loss contingencies54555556576050
Other liabilities52484643585454
Other undisclosed noncurrent liabilities360347362812554533474
Total noncurrent liabilities:1,5951,5761,5771,5761,3421,3111,241
Total liabilities:2,3492,1962,2782,3561,9252,1091,849
Stockholders' equity
Stockholders' equity attributable to parent(5)(2)(3)(4)(5)(5)(5)
Accumulated other comprehensive loss(5)(2)(3)(4)(5)(5)(5)
Other undisclosed stockholders' equity464484489493504471435
Total stockholders' equity:459482486490499466430
TOTAL LIABILITIES AND EQUITY:2,8082,6782,7642,8462,4242,5752,279

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues3,3493,2463,5082,9803,2743,4693,127
Cost of revenue
(Cost of Goods and Services Sold)
(3,198)(3,058)(3,340)(2,823)(3,052)(3,334)(2,977)
Gross profit:151188167157222135149
Operating expenses(130)(137)(129)(127)(140)(127)(122)
Operating income:2151383082828
Interest and debt expense (13)(1)(1)(1)(1)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes(22)(22)(22)(22)(22)(21)(20)
Income (loss) from continuing operations before income taxes:(1)1615759(14)6
Income tax expense (benefit)0(1)(0)(0)(7)(0)0
Net income (loss):(1)1514752(14)6
Net income attributable to noncontrolling interest0000000
Net income (loss) available to common stockholders, diluted:(1)1514753(14)6

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(1)1514752(14)6
Other comprehensive income (loss)(3)012(0)10
Comprehensive income (loss):(4)1515952(14)6
Comprehensive income, net of tax, attributable to noncontrolling interest0000000
Comprehensive income (loss), net of tax, attributable to parent:(4)1515952(14)7

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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