Sprague Resources LP (SRLP) Financial Statements (2024 and earlier)

Company Profile

Business Address 185 INTERNATIONAL DRIVE
PORTSMOUTH, NH 03801
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5171 - Petroleum Bulk stations and Terminals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

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 investments4,5676698,8586,7507,0983,771
Cash and cash equivalents4,5676698,8586,7507,0983,771
Receivables361,552280,407169,942158,200221,222193,015
Inventory, net of allowances, customer advances and progress billings303,593439,820228,347202,646188,349255,533
Inventory303,593439,820228,347202,646188,349255,533
Derivative instruments and hedges, assets248,369141,018244,943115,329119,497145,957
Other current assets106,57422,06639,80217,02249,84767,406
Total current assets:1,024,655883,980691,892499,947586,013665,682
Noncurrent Assets
Property, plant and equipment320,489323,630325,584328,572332,098335,296
Intangible assets, net (including goodwill)147,490149,044150,674152,471154,287156,179
Goodwill115,036115,037115,036115,037115,037115,037
Intangible assets, net (excluding goodwill)32,45434,00735,63837,43439,25041,142
Derivative instruments and hedges42,39233,11140,67321,87027,02120,021
Other noncurrent assets25,09828,49022,74720,36218,14622,252
Total noncurrent assets:535,469534,275539,678523,275531,552533,748
TOTAL ASSETS:1,560,1241,418,2551,231,5701,023,2221,117,5651,199,430
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities282,113270,510260,884127,544129,365143,925
Accounts payable154,994193,84391,79250,96984,73697,280
Accrued liabilities127,11976,667169,09276,57544,62946,645
Deferred revenue    7,100  
Debt424,503497,578184,351246,598291,094362,080
Derivative instruments and hedges, liabilities399,614195,508371,500144,118123,233154,105
Asset retirement obligation      759
Due to related parties9,30911,0776,8074,9458,04710,915
Other liabilities8,7138,5947,318   
Other undisclosed current liabilities    1817,1782,814
Total current liabilities:1,124,252983,267830,860530,486558,917674,598
Noncurrent Liabilities
Long-term debt and lease obligation385,952388,467382,208379,771390,615388,053
Long-term debt, excluding current maturities 377,400377,400377,400377,400387,400382,400
Liabilities, other than long-term debt95,686112,103120,39945,43937,38278,084
Deferred income tax liabilities15,41413,73313,19815,57215,69515,784
Due to related parties2,4282,2912,9732,8992,8252,751
Other liabilities30,11831,66434,580  39,309
Operating lease, liability8,55211,0674,8082,3713,2155,653
Derivative instruments and hedges, liabilities47,72664,41569,64826,96818,86220,240
Other undisclosed noncurrent liabilities    37,33538,634 
Total noncurrent liabilities:481,638500,570502,607462,545466,631466,137
Total liabilities:1,605,8901,483,8371,333,467993,0311,025,5481,140,735
Equity
Equity, attributable to parent(3,247)(16,497)(20,350)(21,525)(22,808)(25,982)
Accumulated other comprehensive income (loss)(3,247)(16,497)(20,350)(21,525)(22,808)(25,982)
Other undisclosed equity(42,519)(49,085)(81,547)51,716114,82584,677
Total equity:(45,766)(65,582)(101,897)30,19192,01758,695
TOTAL LIABILITIES AND EQUITY:1,560,1241,418,2551,231,5701,023,2221,117,5651,199,430

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

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
Revenues1,813,3151,138,888665,466657,6721,036,134627,432
Cost of revenue(1,737,262)(1,039,610)(735,679)(668,061)(933,291)1,523,188
Cost of goods and services sold(1,729,078)(1,031,315)(727,402)(659,803)(924,782) 
Gross profit:76,05399,278(70,213)(10,389)102,8432,150,620
Operating expenses(51,897)(43,554)(39,504)(35,867)(44,444)(2,149,335)
Other operating income (expense), net  1(25)   
Other undisclosed operating income    9,725 10,094
Operating income (loss):24,15655,725(109,742)(36,531)58,39911,379
Nonoperating income (expense) (1)(2)  21,884
Other nonoperating income (expense) (1)   21,884
Interest and debt expense(10,572)(8,848)(7,859)(8,587)(8,815)(9,043)
Other undisclosed income from continuing operations before equity method investments, income taxes      299
Income (loss) from continuing operations before equity method investments, income taxes:13,58346,875(117,601)(45,118)49,5864,519
Other undisclosed income (loss) from continuing operations before income taxes28(2)307767(282)
Income (loss) from continuing operations before income taxes:13,61146,873(117,571)(45,041)49,6534,237
Income tax expense (benefit)4,335(3,209)1,814(562)(871)(1,709)
Income (loss) from continuing operations:17,94643,664(115,757)(45,603)48,7822,528
Income (loss) before gain (loss) on sale of properties:17,94643,664(115,757)(45,603)48,7822,528
Net income (loss) available to common stockholders, diluted:17,94643,664(115,757)(45,603)48,7822,528

Comprehensive Income ($ in thousands)

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 (loss):17,94643,664(115,757)(45,603)48,7822,528
Comprehensive income (loss):17,94643,664(115,757)(45,603)48,7822,528
Other undisclosed comprehensive income, net of tax, attributable to parent13,2503,8531,1751,2833,1741,286
Comprehensive income (loss), net of tax, attributable to parent:31,19647,517(114,582)(44,320)51,9563,814

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: