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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,29110,8432,5304,7664,3334,495
Cash and cash equivalents10,29110,8432,5304,7664,3334,495
Receivables  2,1082,5782,2126,30311,037
Inventory, net of allowances, customer advances and progress billings     6,9981,667
Inventory     6,9981,667
Prepaid expense   3,188   
Disposal group, including discontinued operation19,141     
Other current assets2,5601,5551,7462,6032,3531,567
Other undisclosed current assets8,43326,5973,2508,0628,85313,462
Total current assets:40,42541,10313,29217,64328,84032,228
Noncurrent Assets
Operating lease, right-of-use asset1,5781,1381,5082,2473,5844,214
Property, plant and equipment62,84782,424106,894107,586149,889131,446
Long-term investments and receivables      2,196
Due from related parties   2,196
Intangible assets, net (including goodwill)55 3,5263,83242,58245,734
Intangible assets, net (excluding goodwill)55 3,5263,83242,58245,734
Prepaid expense1,3031,3761,5567,3678,9278,855
Total noncurrent assets:65,78384,938113,484121,032204,982192,445
TOTAL ASSETS:106,208126,041126,776138,675233,822224,673
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  4,9763,7713,3709,09711,527
Other undisclosed accounts payable and accrued liabilities  4,9763,7713,3709,09711,527
Deferred revenue  2,5723,5623,4822,6975,850
Debt195,447214,206214,092   
Disposal group, including discontinued operation221     
Due to related parties745765   
Other liabilities  5,1637,9079,67312,4078,011
Other undisclosed current liabilities9,3135648392,6463,7005,726
Total current liabilities:204,981228,226230,93619,17127,90131,114
Noncurrent Liabilities
Long-term debt and lease obligation    221,609231,331162,053
Long-term debt, excluding current maturities    220,820230,548161,275
Liabilities, other than long-term debt7029,8538,2444,6585,3356,297
Other liabilities  9,1597,5564,6585,3356,297
Operating lease, liability702694688789783778
Other undisclosed noncurrent liabilities6,027147    
Total noncurrent liabilities:6,72910,0008,244226,267236,666168,350
Total liabilities:211,710238,226239,180245,438264,567199,464
Equity
Equity, attributable to parent(2,872)(4,055)(4,141)(4,883)(1,372)1,255
Accumulated other comprehensive income (loss)(2,872)(4,055)(4,141)(4,883)(1,372)1,255
Other undisclosed equity(102,630)(108,130)(108,263)(101,880)(29,373)23,954
Total equity:(105,502)(112,185)(112,404)(106,763)(30,745)25,209
TOTAL LIABILITIES AND EQUITY:106,208126,041126,776138,675233,822224,673

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues19,47121,12620,64921,47933,74130,129
Gross profit:19,47121,12620,64921,47933,74130,129
Operating expenses(15,050)(13,112)(18,076)(93,940)(28,533)(25,392)
Operating income (loss):4,4218,0142,573(72,461)5,2084,737
Nonoperating income (expense)4,789(1,870)(1,551)6,7806736,060
Investment income, nonoperating4,755(1,850)(1,473)6,9048126,084
Loss, foreign currency transaction, before tax (48)(54)(113)(152)(143)(47)
Interest and debt expense(4,479)(4,441)(3,945)(3,126)(2,097)(1,385)
Income (loss) from continuing operations before income taxes:4,7311,703(2,923)(68,807)3,7849,412
Income tax expense (benefit)(96)272(288)(546)21(421)
Income (loss) from continuing operations:4,6351,975(3,211)(69,353)3,8058,991
Income (loss) before gain (loss) on sale of properties:(69,353)3,8058,991
Net income (loss) available to common stockholders, diluted:4,6351,975(3,211)(69,353)3,8058,991

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):4,6351,975(3,211)(69,353)3,8058,991
Comprehensive income (loss):4,6351,975(3,211)(69,353)3,8058,991
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,18386742(3,511)(1,788)552
Comprehensive income (loss), net of tax, attributable to parent:5,8182,061(2,469)(72,864)2,0179,543

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.

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