NGL ENERGY PARTNERS LP (NGL) Financial Statements (2024 and earlier)

Company Profile

Business Address 6120 S. YALE
TULSA, OK 74136
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 4922 - Natural Gas Transmission (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 55452319
Cash and cash equivalents 55452319
Receivables 1,0461,1401,1327356041,176
Inventory, net of allowances, customer advances and progress billings14323825115870463
Inventory14323825115870463
Other undisclosed current assets9813615910978155
Total current assets:1,2921,5181,5461,0087741,813
Noncurrent Assets
Operating lease, right-of-use asset9086114152181
Property, plant and equipment2,2232,4012,4622,7072,8521,844
Long-term investments and receivables21232223231
Long-term investments21232223231
Intangible assets, net (including goodwill)1,7711,8231,8802,0072,6062,084
Goodwill7127447447449941,146
Intangible assets, net (excluding goodwill)1,0591,0791,1351,2631,612938
Other noncurrent assets5864465163160
Total noncurrent assets:4,1644,3964,5244,9405,7254,090
TOTAL ASSETS:5,4565,9146,0705,9476,4995,902
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0611,1271,085680515965
Accounts payable 9289531,085680515965
Accrued liabilities134174    
Deferred revenue15218  
Debt03042251
Due to related parties00001828
Customer advances and deposits9
Other liabilities   141170232248
Other undisclosed current liabilities3433425876 
Total current liabilities:1,1101,4851,2779118461,251
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,8582,9213,3503,3193,1452,160
Long-term debt, excluding current maturities 2,858     
Finance lease, liability00   
Other undisclosed long-term debt and lease obligation(0)2,9213,2783,2153,0242,160
Liabilities, other than long-term debt17015710411511464
Other liabilities11110310411511464
Operating lease, liability585473104121
Total noncurrent liabilities:3,0273,0783,4553,4343,2592,224
Total liabilities:4,1384,5634,7324,3444,1053,475
Temporary equity, carrying amount      150
Equity
Equity, attributable to parent(0)(0)(0)(0)(0)(0)
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)
Total equity:(0)(0)(0)(0)(0)(0)
Other undisclosed liabilities and equity1,3191,3521,3391,6032,3942,278
TOTAL LIABILITIES AND EQUITY:5,4565,9146,0705,9476,4995,902

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Other undisclosed income before gain (loss) on sale of properties2  
Revenues8,69511,1197,9485,2277,58424,017
Revenue, net24,017
Cost of revenue
(Cost of Goods and Services Sold)
(7,650)(10,098)(7,139)(4,494)(6,604)(23,285)
Gross profit:1,0451,021809733980732
Operating expenses(472)(122)(443)(800)(708)(383)
Other undisclosed operating loss(283)(237)(282)(323)(275)(207)
Operating income (loss):28966383(391)(3)142
Nonoperating income (expense)29182(37)2(30)
Investment income, nonoperating  (10)    
Other nonoperating income (expense)29282(37)2(30)
Interest and debt expense(269)(381)(270)(215)(180)(165)
Income (loss) from continuing operations before equity method investments, income taxes:49300(185)(643)(181)(53)
Income from equity method investments431213
Other undisclosed loss from continuing operations before income taxes      (12)
Income (loss) from continuing operations before income taxes:53304(183)(641)(180)(62)
Income tax expense (benefit)(0)(3)(1)3(0)(1)
Income (loss) from continuing operations:52300(184)(637)(181)(64)
Income (loss) before gain (loss) on sale of properties:243(184)(639)(399)339
Income (loss) from discontinued operations    (2)(218)403
Other undisclosed net income  10    
Net income (loss):52312(184)(639)(399)339
Net income (loss) attributable to noncontrolling interest(1)(1)(1)(1)220
Other undisclosed net income attributable to parent      0
Net income (loss) attributable to parent:51310(185)(640)(397)360
Preferred stock dividends and other adjustments(125)(125)(104)(93)(268)(112)
Other undisclosed net income (loss) available to common stockholders, basic0(0)    
Net income (loss) available to common stockholders, basic:(73)185(289)(733)(665)248
Dilutive securities, effect on basic earnings per share 0    
Net income (loss) available to common stockholders, diluted:(73)185(289)(733)(665)248

Comprehensive Income ($ in millions)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):52312(184)(639)(399)339
Other comprehensive income (loss)(0)(0)(0)0(0)(0)
Comprehensive income (loss):52311(184)(639)(399)339
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(1)(1)(1)220
Comprehensive income (loss), net of tax, attributable to parent:51310(185)(640)(397)360

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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