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)

9/30/2019
TTM
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34500
Cash and cash equivalents34500
Receivables1311 
Inventory, net of allowances, customer advances and progress billings156 
Inventory156 
Assets held-for-sale, not part of disposal group18  
Other undisclosed current assets110
Total current assets:504681
Noncurrent Assets
Property, plant and equipment1,443  
Oil and gas property, full cost method 1,227 
Other noncurrent assets1,169162 
Other undisclosed noncurrent assets  379
Total noncurrent assets:2,6121,389379
TOTAL ASSETS:2,6621,857380
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  1
Accrued liabilities  1
Taxes payable  0
Debt18  
Due to related parties 14 
Other liabilities3985 
Other undisclosed current liabilities  0
Total current liabilities:56991
Noncurrent Liabilities
Liabilities, other than long-term debt13632 
Asset retirement obligations34  
Deferred income tax liabilities3
Other liabilities132 
Derivative instruments and hedges, liabilities98  
Other undisclosed noncurrent liabilities  13
Total noncurrent liabilities:1363213
Other undisclosed liabilities235  
Total liabilities:42813114
Temporary equity, carrying amount1,7901,941 
Stockholders' equity
Stockholders' equity attributable to parent, including:444(214)5
Additional paid in capital474 5
Accumulated other comprehensive loss(0)  
Accumulated deficit(29)(214)(0)
Other undisclosed stockholders' equity attributable to parent000
Other undisclosed stockholders' equity  360
Total stockholders' equity:444(214)365
TOTAL LIABILITIES AND EQUITY:2,6621,857380

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

9/30/2019
TTM
12/31/2018
12/31/2017
Revenues17078 
Cost of revenue(81)(82) 
Cost of goods and services sold(43)(54) 
Gross profit:11(3) 
Operating expenses(23)(7)(2)
Other undisclosed operating loss(3)  
Operating loss:(15)(11)(2)
Nonoperating income0 2
Other nonoperating income2 2
Interest and debt expense(3)(0) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(3)0 
Income (loss) from continuing operations before income taxes:(20)(11)1
Income tax expense (benefit)1211(1)
Net loss:(9)(0)(0)
Net income (loss) attributable to noncontrolling interest2(4) 
Other undisclosed net loss attributable to parent(4)  
Net loss available to common stockholders, basic:(11)(4)(0)
Dilutive securities, effect on basic earnings per share(16)  
Net loss available to common stockholders, diluted:(26)(4)(0)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
Net loss:(9)(0)(0)
Other comprehensive loss(0)  
Other undisclosed comprehensive loss(1)  
Comprehensive loss:(10)(0)(0)
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(4) 
Other undisclosed comprehensive income, net of tax, attributable to parent4  
Comprehensive loss, net of tax, attributable to parent:(11)(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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