Semgroup Corporation (SEMG) financial statements (2020 and earlier)

Company profile

Business Address TWO WARREN PLACE
TULSA, OK 74136-4231
State of Incorp. DE
Fiscal Year End December 31
SIC 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
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 879474584179
Cash and cash equivalents 879474584179
Restricted cash and investments    07 
Receivables 563655444333368391
Inventory, net of allowances, customer advances and progress billings 4910299704444
Inventory 4910299704444
Prepaid expense     65
Disposal group, including discontinued operation  38    
Deferred tax assets    67
Other current assets 171419192014
Other undisclosed current assets     (12)(7)
Total current assets: 716903636480479534
Noncurrent Assets
Property, plant and equipment 3,4573,3151,7621,5671,2571,106
Long-term investments and receivables 274285434551578565
Long-term investments 274285434551578565
Intangible assets, net (including goodwill) 622656185210231237
Goodwill 25725734485862
Intangible assets, net (excluding goodwill) 365399151162173175
Regulated entity, other noncurrent assets     2217
Disposal group, including discontinued operation, noncurrent assets  85   
Other noncurrent assets 14113358624429
Deferred tax assets, net    143
Other undisclosed noncurrent assets     (36)(20)
Total noncurrent assets: 4,4944,4742,4392,3902,1111,937
TOTAL ASSETS: 5,2105,3773,0752,8712,5902,471
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 610719448359350338
Accounts payable 495588367274257254
Accrued liabilities 11513181859383
Debt 660000
Due to related parties 472751362
Disposal group, including discontinued operation  24    
Deferred revenue and credits811112426
Other liabilities 6332112
Other undisclosed current liabilities 11   361
Total current liabilities: 637767488377392499
Noncurrent Liabilities
Long-term debt and lease obligation, including: 2,2792,8531,0511,075767615
Other undisclosed long-term debt and lease obligation 2,2792,8531,0511,075767615
Liabilities, other than long-term debt 949990223212143
Deferred tax liabilities, net564765201162101
Accrued environmental loss contingencies      0
Disposal group, including discontinued operation, liabilities  14    
Other liabilities 393825225042
Other undisclosed noncurrent liabilities 360    (0)
Total noncurrent liabilities: 2,7332,9521,1411,297979758
Total liabilities: 3,3703,7181,6291,6741,3701,257
Stockholders' equity
Stockholders' equity attributable to parent, including: 1,4911,6581,4461,1161,1501,054
Common stock    000
Treasury stock, value (1)(8)(7)(6)(1)(1)
Additional paid in capital 1,6161,7701,5621,2171,2461,155
Accumulated other comprehensive loss (51)(54)(74)(59)(27)(3)
Accumulated deficit (74)(51)(36)(38)(68)(98)
Warrants and rights outstanding      58
Other undisclosed stockholders' equity attributable to parent 111  (58)
Stockholders' equity attributable to noncontrolling interest 349  8170160
Total stockholders' equity: 1,8401,6581,4461,1961,2191,214
TOTAL LIABILITIES AND EQUITY: 5,2105,3773,0752,8712,5902,471

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 2,5032,0821,3321,4552,1231,427
Revenue, net2,0821,3321,4552,1231,427
Cost of revenue (2,029)(1,687)(988)(1,092)(1,721)(1,087)
Cost of goods and services sold (1,823)(0) (980)(1,629)(1,020)
Gross profit: 474395344363401340
Operating expenses (376)(365)(296)(322)(367)(302)
Other undisclosed operating income 586774889379
Operating income: 15697122129127118
Nonoperating income (expense) (7)6(4)(53)(28)(69)
Investment income, nonoperating     34 
Foreign currency transaction gain (loss), before tax (10)5(5)102
Other nonoperating income (expense) 2111621(46)
Interest and debt expense (150)(123)(63)(70)(49)(25)
Income (loss) from continuing operations before equity method investments, income taxes: (1)(20)5575023
Income from equity method investments     6452
Other undisclosed income (loss) from continuing operations before income taxes   (31)70(15)(27)
Income (loss) from continuing operations before income taxes: (1)(20)25769948
Income tax expense (benefit) (23)2(11)(34)(47)17
Income (loss) from continuing operations: (24)(17)13435266
Income (loss) from discontinued operations   (0)(0)(0)0
Net income (loss): (24)(17)13435266
Net loss attributable to noncontrolling interest (2) (11)(12)(23)(18)
Net income (loss) attributable to parent: (27)(17)2302948
Preferred stock dividends and other adjustments (24)     
Net income (loss) available to common stockholders, diluted: (51)(17)2302948

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (24)(17)13435266
Other comprehensive income (loss) 320(15)(31)(24)(2)
Comprehensive income (loss): (22)3(2)112864
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (2) (11)(12)(23)18
Other undisclosed comprehensive loss, net of tax, attributable to parent      (35)
Comprehensive income (loss), net of tax, attributable to parent: (24)3(13)(1)547

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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