Altus Midstream Company (ALTM) Financial Statements (2023 and Earlier)

Company Profile

Business Address 2000 POST OAK BOULEVARD
HOUSTON, TX 77056-4400
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4922 - Natural Gas Transmission (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

Current Assets
Cash, cash equivalents, and short-term investments1322464500
Cash and cash equivalents1322464500
Inventory, net of allowances, customer advances and progress billings3446 
Contract with customer, asset21  
Other undisclosed current assets62610
Total current assets:16743324681
Noncurrent Assets
Property, plant and equipment187196206  
Oil and gas property, full cost method   1,227 
Other noncurrent assets1,3711,5611,263162 
Other undisclosed noncurrent assets    379
Total noncurrent assets:1,5581,7571,4691,389379
TOTAL ASSETS:1,7251,8001,5011,857380
Current Liabilities
Accounts payable and accrued liabilities    1
Accrued liabilities    1
Taxes payable    0
Debt  10  
Due to related parties 19 14 
Other liabilities1662485 
Other undisclosed current liabilities126  0
Total current liabilities:273034991
Noncurrent Liabilities
Liabilities, other than long-term debt13520916832 
Asset retirement obligations686460  
Other liabilities106532 
Derivative instruments and hedges, liabilities57139103  
Other undisclosed noncurrent liabilities657624  13
Total noncurrent liabilities:7928331683213
Other undisclosed liabilities  396  
Total liabilities:82086359713114
Temporary equity, carrying amount7705757011,941 
Stockholders' equity
Stockholders' equity attributable to parent, including:(577)(246)(353)(214)5
Additional paid in capital 14540 5
Accumulated other comprehensive loss (0)(0)  
Accumulated deficit(577)(391)(393)(214)(0)
Other undisclosed stockholders' equity attributable to parent00000
Other undisclosed stockholders' equity712608556 360
Total stockholders' equity:135362203(214)365
TOTAL LIABILITIES AND EQUITY:1,7251,8001,5011,857380

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

Cost of revenue(75)(67)(108)(82) 
Cost of goods and services sold  (56)(54) 
Gross profit:868228(3) 
Operating expenses(20)(20)(1,314)(7)(2)
Operating income (loss):6662(1,286)(11)(2)
Nonoperating income442014 2
Other nonoperating income (expense)13(2)(1) 2
Interest and debt expense(9)(10)(6)(0) 
Other undisclosed income from continuing operations before equity method investments, income taxes 850 
Income (loss) from continuing operations before equity method investments, income taxes:10080(1,274)(11)1
Income from equity method investments 59   
Other undisclosed loss from continuing operations before income taxes(1)    
Income (loss) from continuing operations before income taxes:99139(1,274)(11)1
Income tax expense (benefit) 1(65)11(1)
Income (loss) before gain (loss) on sale of properties:99139(1,339)(0)(0)
Other undisclosed net loss (59)   
Net income (loss):9980(1,339)(0)(0)
Net income (loss) attributable to noncontrolling interest(113)(79)969(4) 
Net income (loss) available to common stockholders, basic:(14)2(370)(4)(0)
Dilutive securities, effect on basic earnings per share(49)3   
Net income (loss) available to common stockholders, diluted:(63)5(370)(4)(0)

Comprehensive Income ($ in millions)

Net income (loss):9980(1,339)(0)(0)
Other comprehensive loss  (0)  
Other undisclosed comprehensive income (loss)11(1)  
Comprehensive income (loss):10081(1,340)(0)(0)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (4) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(114) 970  
Comprehensive income (loss), net of tax, attributable to parent:(14)81(370)(4)(0)

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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