Summit Midstream Partners, LP (SMLP) financial statements (2022 and earlier)

Company profile

Business Address 910 LOUISIANA STREET
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
SIC 4922 - Natural Gas Transmission (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments76716 50
Cash and cash equivalents76716 50
Receivables62686154 76
Other current assets6111112 5
Other undisclosed current assets12108 0
Total current assets:87868091 131
Noncurrent Assets
Property, plant and equipment1,7261,7481,7691,788 1,840
Long-term investments and receivables523482433394 389
Long-term investments523482433394 389
Intangible assets, net (including goodwill)173180187192 208
Intangible assets, net (excluding goodwill)173180187192 208
Other noncurrent assets13457 5
Total noncurrent assets:2,4352,4152,3942,382 2,442
TOTAL ASSETS:2,5222,5012,4742,473 2,573
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities57494448 47
Accounts payable10111516 16
Accrued liabilities14151012 11
Employee-related liabilities11864  
Taxes payable9758 7
Interest and dividends payable13989 12
Deferred revenue10111110 18
Debt  762   
Estimated litigation liability5     
Accrued environmental loss contingencies3322 2
Other liabilities4102815 11
Other undisclosed current liabilities     155
Total current liabilities:797384775 232
Noncurrent Liabilities
Long-term debt and lease obligation1,3551,3185391,305 1,391
Long-term debt, excluding current maturities1,3551,3185391,305 1,391
Liabilities, other than long-term debt77848571 48
Deferred revenue43434548 42
Accrued environmental loss contingencies3311 2
Other liabilities32383922 5
Total noncurrent liabilities:1,4331,4026241,376 1,439
Total liabilities:1,5121,4751,4711,450 1,671
Temporary equity, carrying amount1061029894 86
Stockholders' equity
Other undisclosed stockholders' equity904924905929 817
Total stockholders' equity:904924905929 817
TOTAL LIABILITIES AND EQUITY:2,5222,5012,4742,473 2,573

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Revenues(298)10210099(287)90
Cost of revenue196(73)(62)(66) (60)
Cost of goods and services sold(24)(21)(17)(20) (9)
Gross profit:(102)293834 30
Operating expenses(19)(10)(30)(12) (11)
Other operating income (expense), net11(2)0 1
Operating income (loss):(120)20522 19
Nonoperating expense
(Investment Income, Nonoperating)
  (12)   
Interest and debt expense(25)(16)(16)(14) 6
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes127  (1)  
Income (loss) from continuing operations before equity method investments, income taxes:(17)5(22)7 25
Income from equity method investments1222 1
Income (loss) from continuing operations before income taxes:(16)7(20)9 26
Income tax expense (benefit)(0)000 (0)
Net income (loss):(16)7(20)9 26
Other undisclosed net loss attributable to parent(4)(4)(4)(4)  
Net income (loss) available to common stockholders, diluted:(21)3(24)5 26

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Net income (loss):(16)7(20)9 26
Comprehensive income (loss), net of tax, attributable to parent:(16)7(20)9 26

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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