Altus Midstream Company (ALTM) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2464500
Cash and cash equivalents2464500
Receivables121511 
Inventory, net of allowances, customer advances and progress billings446 
Inventory446 
Contract with customer, asset1  
Other undisclosed current assets2610
Total current assets:43324681
Noncurrent Assets
Property, plant and equipment196206  
Oil and gas property, full cost method  1,227 
Other noncurrent assets1,5611,263162 
Other undisclosed noncurrent assets   379
Total noncurrent assets:1,7571,4691,389379
TOTAL ASSETS:1,8001,5011,857380
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   1
Accrued liabilities   1
Taxes payable   0
Debt 10  
Due to related parties19 14 
Other liabilities62485 
Other undisclosed current liabilities6  0
Total current liabilities:3034991
Noncurrent Liabilities
Liabilities, other than long-term debt20916832 
Asset retirement obligations6460  
Other liabilities6532 
Derivative instruments and hedges, liabilities139103  
Other undisclosed noncurrent liabilities624  13
Total noncurrent liabilities:8331683213
Other undisclosed liabilities 396  
Total liabilities:86359713114
Temporary equity, carrying amount5757011,941 
Stockholders' equity
Stockholders' equity attributable to parent, including:(246)(353)(214)5
Additional paid in capital14540 5
Accumulated other comprehensive loss(0)(0)  
Accumulated deficit(391)(393)(214)(0)
Other undisclosed stockholders' equity attributable to parent0000
Other undisclosed stockholders' equity608556 360
Total stockholders' equity:362203(214)365
TOTAL LIABILITIES AND EQUITY:1,8001,5011,857380

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues14813678 
Cost of revenue(67)(108)(82) 
Cost of goods and services sold (56)(54) 
Gross profit:8228(3) 
Operating expenses(20)(1,314)(7)(2)
Operating income (loss):62(1,286)(11)(2)
Nonoperating income2014 2
Other nonoperating income (expense)(2)(1) 2
Interest and debt expense(10)(6)(0) 
Other undisclosed income from continuing operations before equity method investments, income taxes850 
Income (loss) from continuing operations before equity method investments, income taxes:80(1,274)(11)1
Income from equity method investments59   
Income (loss) from continuing operations before income taxes:139(1,274)(11)1
Income tax expense (benefit)1(65)11(1)
Income (loss) before gain (loss) on sale of properties:139(1,339)(0)(0)
Other undisclosed net loss(59)   
Net income (loss):80(1,339)(0)(0)
Net income (loss) attributable to noncontrolling interest(79)969(4) 
Net income (loss) available to common stockholders, basic:2(370)(4)(0)
Dilutive securities, effect on basic earnings per share3   
Net income (loss) available to common stockholders, diluted:5(370)(4)(0)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):80(1,339)(0)(0)
Other comprehensive loss (0)  
Other undisclosed comprehensive income (loss)1(1)  
Comprehensive income (loss):81(1,340)(0)(0)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (4) 
Other undisclosed comprehensive income, net of tax, attributable to parent 970  
Comprehensive income (loss), net of tax, attributable to parent:81(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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