USD Partners LP (USDP) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
811 MAIN STREET HOUSTON, TX 77002 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4013 - Railroad Switching and Terminal Establishments (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,530 | 3,747 | 3,040 | 3,083 | 6,439 | 7,874 | |||
| Cash and cash equivalents | 2,530 | 3,747 | 3,040 | 3,083 | 6,439 | 7,874 | |||
| Restricted cash and investments | 5,914 | ||||||||
| Receivables | 2,578 | 8,901 | 6,524 | 7,434 | 5,835 | 4,626 | |||
| Inventory, net of allowances, customer advances and progress billings | 3,027 | ||||||||
| Inventory | 3,027 | ||||||||
| Prepaid expense | 3,188 | 3,857 | 1,959 | 1,915 | 2,115 | 8,957 | |||
| Contract with customer, asset, after allowance for credit loss | 1,622 | 171 | 68 | ✕ | |||||
| Disposal group, including discontinued operation | |||||||||
| Other current assets | 1,746 | 129 | 1,777 | 954 | 634 | 226 | |||
| Other undisclosed current assets | 3,250 | 7,176 | 6,332 | 7,430 | 5,876 | ||||
| Total current assets: | 13,292 | 26,837 | 21,254 | 20,987 | 20,967 | 27,597 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,508 | 5,658 | 9,630 | 11,804 | ✕ | ✕ | |||
| Property, plant and equipment | 106,894 | 133,102 | 139,841 | 147,737 | 145,308 | 146,573 | |||
| Long-term investments and receivables | 2,227 | 1,706 | 15 | 95 | 174 | ||||
| Due from related parties | ✕ | 2,227 | 1,706 | 15 | 95 | 174 | |||
| Intangible assets, net (including goodwill) | 3,526 | 48,886 | 61,492 | 107,688 | 120,294 | 132,901 | |||
| Goodwill | 33,589 | 33,589 | 33,589 | ||||||
| Intangible assets, net (excluding goodwill) | 3,526 | 48,886 | 61,492 | 74,099 | 86,705 | 99,312 | |||
| Prepaid expense | 1,556 | 4,881 | 3,625 | 1,335 | 631 | 145 | |||
| Total noncurrent assets: | 113,484 | 194,754 | 216,294 | 268,579 | 266,328 | 279,793 | |||
| TOTAL ASSETS: | 126,776 | 221,591 | 237,548 | 289,566 | 287,295 | 307,390 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 3,771 | 7,621 | 1,865 | 3,087 | 3,464 | 2,670 | |||
| Other undisclosed accounts payable and accrued liabilities | 3,771 | 7,621 | 1,865 | 3,087 | 3,464 | 2,670 | |||
| Deferred revenue | 3,562 | 6,889 | 6,367 | 6,104 | ✕ | ✕ | |||
| Debt | 214,092 | 4,649 | |||||||
| Disposal group, including discontinued operation | |||||||||
| Other liabilities | 7,907 | 7,223 | 4,222 | 3,150 | 2,804 | 2,339 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 22,011 | ||
| Due to related parties | ✕ | 765 | 1,486 | 383 | 465 | 460 | 244 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 2,921 | ✕ | ||
| Other undisclosed current liabilities | 839 | 4,738 | 5,701 | 1,482 | 1,885 | 5,115 | |||
| Total current liabilities: | 230,936 | 27,957 | 18,538 | 18,937 | 11,534 | 32,379 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 166,796 | 199,872 | 225,037 | 205,581 | 200,627 | ||||
| Long-term debt, excluding current maturities | 166,003 | 195,480 | 217,651 | 205,581 | 200,627 | ||||
| Liabilities, other than long-term debt | 8,244 | 7,751 | 12,870 | 4,536 | 356 | 475 | |||
| Deferred income tax liabilities | 40 | 458 | ✕ | ✕ | |||||
| Other liabilities | 7,556 | 7,751 | 12,830 | 4,078 | 356 | 475 | |||
| Operating lease, liability | 688 | 793 | 4,392 | 7,386 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 360 | 614 | |||||||
| Total noncurrent liabilities: | 8,244 | 174,547 | 212,742 | 229,573 | 206,297 | 201,716 | |||
| Total liabilities: | 239,180 | 202,504 | 231,280 | 248,510 | 217,831 | 234,095 | |||
| Equity | |||||||||
| Equity, attributable to parent | (4,141) | 703 | 547 | (127) | (3,009) | 1,640 | |||
| Accumulated other comprehensive income (loss) | (4,141) | 703 | 547 | (127) | (3,009) | 1,640 | |||
| Other undisclosed equity | (108,263) | 18,384 | 5,721 | 41,183 | 72,473 | 71,655 | |||
| Total equity: | (112,404) | 19,087 | 6,268 | 41,056 | 69,464 | 73,295 | |||
| TOTAL LIABILITIES AND EQUITY: | 126,776 | 221,591 | 237,548 | 289,566 | 287,295 | 307,390 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 111,655 | 122,098 | 120,043 | 113,656 | 119,226 | 111,336 | ||
| Gross profit: | 111,655 | 122,098 | 120,043 | 113,656 | 119,226 | 111,336 | ||
| Operating expenses | (171,340) | (97,296) | (127,706) | (93,023) | (89,777) | (80,223) | ||
| Operating income (loss): | (59,685) | 24,802 | (7,663) | 20,633 | 29,449 | 31,113 | ||
| Nonoperating income (expense) | 10,362 | 3,847 | (3,260) | (1,506) | 299 | (191) | ||
| Investment income, nonoperating | 12,327 | 4,129 | (3,896) | (1,477) | 301 | (955) | ||
| Gain (loss), foreign currency transaction, before tax | (2,055) | (313) | (267) | (365) | 14 | 456 | ||
| Other nonoperating income (expense) | 90 | 31 | 903 | 336 | (16) | 308 | ||
| Interest and debt expense | (10,670) | (6,491) | (8,932) | (12,006) | (11,358) | (9,925) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 57 | 73 | 18 | |||||
| Income (loss) from continuing operations before income taxes: | (59,993) | 22,158 | (19,855) | 7,178 | 18,463 | 21,015 | ||
| Income tax expense (benefit) | (1,293) | (700) | 41 | (662) | 2,669 | 1,192 | ||
| Income (loss) from continuing operations: | (61,286) | 21,458 | (19,814) | 6,516 | 21,132 | 22,207 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 21,458 | (19,814) | 6,516 | 21,132 | 22,207 | |
| Net income (loss) available to common stockholders, diluted: | (61,286) | 21,458 | (19,814) | 6,516 | 21,132 | 22,207 | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (61,286) | 21,458 | (19,814) | 6,516 | 21,132 | 22,207 | ||
| Comprehensive income (loss): | (61,286) | 21,458 | (19,814) | 6,516 | 21,132 | 22,207 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (3,963) | 156 | 674 | 2,882 | (4,843) | 2,797 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (65,249) | 21,614 | (19,140) | 9,398 | 16,289 | 25,004 | ||
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.