Altus Midstream Company (ALTM) financial statements (2020 and earlier)

Company profile

Business Address 2000 POST OAK BOULEVARD
HOUSTON, TX 77056-4400
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)

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64500
Cash and cash equivalents64500
Receivables1511 
Inventory, net of allowances, customer advances and progress billings46 
Inventory46 
Other undisclosed current assets610
Total current assets:324681
Noncurrent Assets
Property, plant and equipment206  
Oil and gas property, full cost method 1,227 
Other noncurrent assets1,263162 
Other undisclosed noncurrent assets  379
Total noncurrent assets:1,4691,389379
TOTAL ASSETS:1,5011,857380
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  1
Accrued liabilities  1
Taxes payable  0
Debt10  
Due to related parties 14 
Other liabilities2485 
Other undisclosed current liabilities  0
Total current liabilities:34991
Noncurrent Liabilities
Liabilities, other than long-term debt16832 
Asset retirement obligations60  
Other liabilities532 
Derivative instruments and hedges, liabilities103  
Other undisclosed noncurrent liabilities  13
Total noncurrent liabilities:1683213
Other undisclosed liabilities396  
Total liabilities:59713114
Temporary equity, carrying amount7011,941 
Stockholders' equity
Stockholders' equity attributable to parent, including:(353)(214)5
Additional paid in capital40 5
Accumulated other comprehensive loss(0)  
Accumulated deficit(393)(214)(0)
Other undisclosed stockholders' equity attributable to parent000
Other undisclosed stockholders' equity556 360
Total stockholders' equity:203(214)365
TOTAL LIABILITIES AND EQUITY:1,5011,857380

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

12/31/2019
12/31/2018
12/31/2017
Revenues13678 
Cost of revenue(108)(82) 
Cost of goods and services sold(56)(54) 
Gross profit:28(3) 
Operating expenses(1,314)(7)(2)
Operating loss:(1,286)(11)(2)
Nonoperating income14 2
Other nonoperating income (expense)(1) 2
Interest and debt expense(6)(0) 
Other undisclosed income from continuing operations before equity method investments, income taxes50 
Income (loss) from continuing operations before income taxes:(1,274)(11)1
Income tax expense (benefit)(65)11(1)
Net loss:(1,339)(0)(0)
Net income (loss) attributable to noncontrolling interest969(4) 
Net loss available to common stockholders, diluted:(370)(4)(0)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net loss:(1,339)(0)(0)
Other comprehensive loss(0)  
Other undisclosed comprehensive loss(1)  
Comprehensive loss:(1,340)(0)(0)
Comprehensive loss, net of tax, attributable to noncontrolling interest (4) 
Other undisclosed comprehensive income, net of tax, attributable to parent970  
Comprehensive loss, net of tax, attributable to parent:(370)(4)(0)

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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