Southcross Energy Partners LP (SXEE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1700 PACIFIC AVENUE, SUITE 2900 DALLAS, TX 75201 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4922 - Natural Gas Transmission (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,623 | 11,707 | 3,048 | 1,155 | 3,013 | 5,218 | |||
| Cash and cash equivalents | 1,623 | 11,707 | 3,048 | 1,155 | 3,013 | 5,218 | |||
| Receivables | 39,132 | 53,941 | 71,643 | 61,580 | 60,249 | 33,920 | |||
| Prepaid expense | 4,585 | 3,521 | 1,662 | 1,722 | 2,136 | 2,592 | |||
| Other current assets | 18,742 | 8,212 | 8,113 | 8,493 | 8,184 | 497 | |||
| Other undisclosed current assets | 5,980 | 33,163 | |||||||
| Total current assets: | 64,082 | 83,361 | 84,466 | 72,950 | 73,582 | 75,390 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 417,660 | 427,021 | 869,547 | 886,043 | 901,354 | 914,547 | |||
| Long-term investments and receivables | 94,750 | 102,652 | 105,681 | 108,702 | |||||
| Long-term investments | 94,750 | 102,652 | 105,681 | 108,702 | |||||
| Intangible assets, net (including goodwill) | 1,300 | 1,300 | |||||||
| Intangible assets, net (excluding goodwill) | 1,300 | 1,300 | |||||||
| Other noncurrent assets | 10,025 | 2,393 | 2,508 | 2,571 | |||||
| Other undisclosed noncurrent assets | 98,770 | 112,966 | |||||||
| Total noncurrent assets: | 522,435 | 527,091 | 974,592 | 994,232 | 1,012,627 | 1,028,813 | |||
| TOTAL ASSETS: | 586,517 | 610,452 | 1,059,058 | 1,067,182 | 1,086,209 | 1,104,203 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 40,584 | 60,825 | 51,086 | 49,331 | 45,845 | 57,782 | |||
| Other undisclosed accounts payable and accrued liabilities | 40,584 | 60,825 | 51,086 | 49,331 | 45,845 | 57,782 | |||
| Due to related parties | 11,251 | 288 | 36 | 94 | 959 | 378 | |||
| Other liabilities | 21,818 | 15,309 | 13,457 | 12,519 | 17,045 | 12,976 | |||
| Other undisclosed current liabilities | 522,512 | 521,123 | 522,787 | 522,479 | 4,256 | 4,256 | |||
| Total current liabilities: | 596,165 | 597,545 | 587,366 | 584,423 | 68,105 | 75,392 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 517,792 | 514,266 | |||||||
| Long-term debt, excluding current maturities | 517,792 | 514,266 | |||||||
| Liabilities, other than long-term debt | 21,866 | 16,715 | 17,300 | 17,774 | 17,524 | 14,979 | |||
| Other liabilities | 21,866 | 16,715 | 17,300 | 17,774 | 17,524 | 14,979 | |||
| Other undisclosed noncurrent liabilities | 0 | ||||||||
| Total noncurrent liabilities: | 21,866 | 16,715 | 17,300 | 17,774 | 535,316 | 529,245 | |||
| Total liabilities: | 618,031 | 614,260 | 604,666 | 602,197 | 603,421 | 604,637 | |||
| Equity | |||||||||
| Other undisclosed equity | (31,514) | (3,808) | 454,392 | 464,985 | 482,788 | 499,566 | |||
| Total equity: | (31,514) | (3,808) | 454,392 | 464,985 | 482,788 | 499,566 | |||
| TOTAL LIABILITIES AND EQUITY: | 586,517 | 610,452 | 1,059,058 | 1,067,182 | 1,086,209 | 1,104,203 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 110,204 | 140,019 | 79,387 | 78,343 | 103,861 | 105,781 | ||
| Revenue, net | ✕ | 121,928 | 169,279 | 154,804 | 137,420 | 156,630 | 172,035 | |
| Cost of revenue | (120,690) | (203,257) | (141,693) | (126,705) | (146,348) | (192,374) | ||
| Cost of goods and services sold | (104,770) | (160,970) | (136,164) | (122,317) | (141,373) | (154,542) | ||
| Gross profit: | (10,486) | (63,238) | (62,306) | (48,362) | (42,487) | (86,593) | ||
| Operating expenses | (14,818) | (410,144) | (13,626) | (14,376) | (13,973) | 15,764 | ||
| Other undisclosed operating income | 11,724 | 29,260 | 75,417 | 59,077 | 52,769 | 66,254 | ||
| Operating loss: | (13,580) | (444,122) | (515) | (3,661) | (3,691) | (4,575) | ||
| Interest and debt expense | (11,469) | (11,182) | (11,158) | (11,095) | (10,010) | (9,511) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (2,902) | (3,161) | (3,152) | (3,195) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (25,049) | (458,206) | (14,834) | (17,908) | (13,701) | (17,281) | ||
| Loss from equity method investments | (2,657) | (3,136) | ||||||
| Loss from continuing operations before income taxes: | (27,706) | (458,206) | (14,834) | (17,908) | (16,837) | (17,281) | ||
| Income tax benefit | 8 | |||||||
| Other undisclosed income from continuing operations | 1 | |||||||
| Loss from continuing operations: | (27,706) | (458,205) | (14,834) | (17,908) | (16,837) | (17,273) | ||
| Loss before gain (loss) on sale of properties: | (27,706) | (458,205) | (14,834) | (17,908) | (16,837) | (17,273) | ||
| Net loss: | (27,706) | (458,205) | (14,834) | (17,908) | (16,837) | (17,273) | ||
| Other undisclosed net loss attributable to parent | (2) | (8) | ||||||
| Net loss available to common stockholders, diluted: | (27,706) | (458,207) | (14,834) | (17,908) | (16,837) | (17,281) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (27,706) | (458,205) | (14,834) | (17,908) | (16,837) | (17,273) | ||
| Comprehensive loss, net of tax, attributable to parent: | (27,706) | (458,205) | (14,834) | (17,908) | (16,837) | (17,273) | ||
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.