Shell Midstream Partners, L.P. (SHLX) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
150 N. DAIRY ASHFORD HOUSTON, TX 77079 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 461 - Pipelines, Except Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 360 | 320 | |||||||
| Cash and cash equivalents | 360 | 320 | |||||||
| Receivables | 51 | 62 | 56 | 37 | 46 | 45 | 41 | ||
| Prepaid expense | 8 | 17 | 26 | 10 | 8 | 16 | 24 | ||
| Other undisclosed current assets | 355 | 278 | 23 | 383 | 371 | 331 | 9 | ||
| Total current assets: | 414 | 357 | 465 | 430 | 425 | 392 | 394 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 16 | ||||||||
| Operating lease, right-of-use asset | 3 | 3 | 3 | 3 | 4 | 4 | 4 | ||
| Property, plant and equipment | 1,348 | 1,342 | 1,344 | 1,341 | 1,339 | 1,360 | 699 | ||
| Long-term investments and receivables | 966 | 979 | 974 | 1,008 | 996 | 1,007 | 1,013 | ||
| Long-term investments | 966 | 979 | 974 | 1,008 | 996 | 1,007 | 1,013 | ||
| Regulated entity, other noncurrent assets | 2 | ||||||||
| Other noncurrent assets | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Other undisclosed noncurrent assets | (502) | (486) | (470) | (455) | (439) | (443) | 217 | ||
| Total noncurrent assets: | 1,817 | 1,840 | 1,853 | 1,899 | 1,902 | 1,930 | 1,953 | ||
| TOTAL ASSETS: | 2,231 | 2,197 | 2,318 | 2,329 | 2,327 | 2,322 | 2,347 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 25 | 18 | 15 | 20 | 22 | 15 | 15 | ||
| Accounts payable | 8 | 6 | 4 | 4 | 7 | 3 | 5 | ||
| Accrued liabilities | 17 | 12 | 11 | 16 | 15 | 12 | 10 | ||
| Deferred revenue | 3 | 4 | 2 | 2 | 4 | ||||
| Debt | 1 | 2 | 2 | 2 | 1 | ||||
| Due to related parties | 267 | 264 | 417 | 13 | 14 | 12 | 16 | ||
| Other undisclosed current liabilities | 57 | 54 | 54 | 43 | 35 | 36 | 46 | ||
| Total current liabilities: | 352 | 340 | 489 | 78 | 73 | 67 | 82 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 25 | 26 | 27 | 26 | 27 | 28 | 28 | ||
| Finance lease, liability | 22 | 22 | 23 | 23 | 23 | 24 | 24 | ||
| Liabilities, other than long-term debt | 2,295 | 2,295 | 2,295 | 2,694 | 2,694 | 2,694 | 2,695 | ||
| Deferred revenue | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Due to related parties | 2,292 | 2,292 | 2,292 | 2,691 | 2,691 | 2,691 | 2,692 | ||
| Operating lease, liability | 3 | 4 | 4 | 3 | 4 | 4 | 4 | ||
| Total noncurrent liabilities: | 2,320 | 2,321 | 2,322 | 2,720 | 2,721 | 2,722 | 2,723 | ||
| Total liabilities: | 2,672 | 2,661 | 2,811 | 2,798 | 2,794 | 2,789 | 2,805 | ||
| Equity | |||||||||
| Equity, attributable to parent | (8) | (8) | (8) | (9) | (9) | (9) | (9) | ||
| Accumulated other comprehensive loss | (8) | (8) | (8) | (9) | (9) | (9) | (9) | ||
| Other undisclosed equity | (433) | (456) | (485) | (460) | (458) | (458) | (449) | ||
| Total equity: | (441) | (464) | (493) | (469) | (467) | (467) | (458) | ||
| TOTAL LIABILITIES AND EQUITY: | 2,231 | 2,197 | 2,318 | 2,329 | 2,327 | 2,322 | 2,347 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 149 | 135 | 141 | 128 | 148 | 139 | 130 | |
| Cost of revenue | (71) | (63) | (72) | (62) | (71) | (62) | (67) | |
| Gross profit: | 78 | 72 | 69 | 66 | 77 | 77 | 63 | |
| Operating expenses | (19) | (17) | (15) | (17) | (12) | (13) | (15) | |
| Operating income: | 59 | 55 | 54 | 49 | 65 | 64 | 48 | |
| Nonoperating income | 106 | 118 | 66 | 94 | 115 | 116 | 100 | |
| Other nonoperating income | 106 | 118 | ||||||
| Interest and debt expense | (21) | (20) | (21) | (20) | (20) | (21) | (21) | |
| Income from continuing operations before equity method investments, income taxes: | 144 | 153 | 99 | 123 | 160 | 159 | 127 | |
| Other undisclosed income from continuing operations before income taxes | 7 | 7 | 7 | 6 | 6 | 8 | 6 | |
| Income from continuing operations: | 151 | 160 | 106 | 129 | 166 | 167 | 133 | |
| Income before gain (loss) on sale of properties: | 151 | 160 | 106 | 129 | 166 | 167 | 133 | |
| Net income: | 151 | 160 | 106 | 129 | 166 | 167 | 133 | |
| Net loss attributable to noncontrolling interest | (3) | (2) | (2) | (2) | (4) | (4) | (4) | |
| Net income attributable to parent: | 148 | 158 | 104 | 127 | 162 | 163 | 129 | |
| Other undisclosed net loss available to common stockholders, basic | (12) | (12) | (12) | |||||
| Net income available to common stockholders, basic: | 148 | 158 | 104 | 127 | 150 | 151 | 117 | |
| Dilutive securities, effect on basic earnings per share | 12 | 12 | ||||||
| Net income available to common stockholders, diluted: | 148 | 158 | 104 | 127 | 162 | 163 | 117 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 151 | 160 | 106 | 129 | 166 | 167 | 133 | |
| Other comprehensive income (loss) | 1 | 2 | (1) | |||||
| Other undisclosed comprehensive income (loss) | (1) | (1) | 1 | (3) | ||||
| Comprehensive income: | 151 | 160 | 107 | 129 | 166 | 167 | 130 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (3) | (2) | (2) | (2) | (4) | (4) | (4) | |
| Comprehensive income, net of tax, attributable to parent: | 148 | 158 | 105 | 127 | 162 | 163 | 126 | |
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.