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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 132 | 24 | 6 | 450 | 0 | ||
| Cash and cash equivalents | 132 | 24 | 6 | 450 | 0 | ||
| Receivables | 24 | 12 | 15 | 11 | |||
| Inventory, net of allowances, customer advances and progress billings | 3 | 4 | 4 | 6 | |||
| Inventory | 3 | 4 | 4 | 6 | |||
| Contract with customer, asset | 2 | 1 | ✕ | ||||
| Other undisclosed current assets | 6 | 2 | 6 | 1 | 0 | ||
| Total current assets: | 167 | 43 | 32 | 468 | 1 | ||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 187 | 196 | 206 | ||||
| Oil and gas property, full cost method | 1,227 | ||||||
| Other noncurrent assets | 1,371 | 1,561 | 1,263 | 162 | |||
| Other undisclosed noncurrent assets | 379 | ||||||
| Total noncurrent assets: | 1,558 | 1,757 | 1,469 | 1,389 | 379 | ||
| TOTAL ASSETS: | 1,725 | 1,800 | 1,501 | 1,857 | 380 | ||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 1 | ||||||
| Accrued liabilities | 1 | ||||||
| Taxes payable | 0 | ||||||
| Debt | 10 | ||||||
| Due to related parties | 19 | 14 | |||||
| Other liabilities | 16 | 6 | 24 | 85 | |||
| Other undisclosed current liabilities | 12 | 6 | 0 | ||||
| Total current liabilities: | 27 | 30 | 34 | 99 | 1 | ||
| Noncurrent Liabilities | |||||||
| Liabilities, other than long-term debt | 135 | 209 | 168 | 32 | |||
| Asset retirement obligations | 68 | 64 | 60 | ||||
| Other liabilities | 10 | 6 | 5 | 32 | |||
| Derivative instruments and hedges, liabilities | 57 | 139 | 103 | ||||
| Other undisclosed noncurrent liabilities | 657 | 624 | 13 | ||||
| Total noncurrent liabilities: | 792 | 833 | 168 | 32 | 13 | ||
| Other undisclosed liabilities | 396 | ||||||
| Total liabilities: | 820 | 863 | 597 | 131 | 14 | ||
| Temporary equity, carrying amount | 770 | 575 | 701 | 1,941 | |||
| Stockholders' equity | |||||||
| Stockholders' equity attributable to parent, including: | (577) | (246) | (353) | (214) | 5 | ||
| Additional paid in capital | 145 | 40 | 5 | ||||
| Accumulated other comprehensive loss | (0) | (0) | |||||
| Accumulated deficit | (577) | (391) | (393) | (214) | (0) | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | ||
| Other undisclosed stockholders' equity | 712 | 608 | 556 | 360 | |||
| Total stockholders' equity: | 135 | 362 | 203 | (214) | 365 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,725 | 1,800 | 1,501 | 1,857 | 380 | ||
Income Statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Revenues | 161 | 148 | 136 | 78 | ||
| Cost of revenue | (75) | (67) | (108) | (82) | ||
| Cost of goods and services sold | (56) | (54) | ||||
| Gross profit: | 86 | 82 | 28 | (3) | ||
| Operating expenses | (20) | (20) | (1,314) | (7) | (2) | |
| Operating income (loss): | 66 | 62 | (1,286) | (11) | (2) | |
| Nonoperating income | 44 | 20 | 14 | 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 | 8 | 5 | 0 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 100 | 80 | (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: | 99 | 139 | (1,274) | (11) | 1 | |
| Income tax expense (benefit) | 1 | (65) | 11 | (1) | ||
| Income (loss) before gain (loss) on sale of properties: | 99 | 139 | (1,339) | (0) | (0) | |
| Other undisclosed net loss | (59) | |||||
| Net income (loss): | 99 | 80 | (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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | 99 | 80 | (1,339) | (0) | (0) | |
| Other comprehensive loss | (0) | |||||
| Other undisclosed comprehensive income (loss) | 1 | 1 | (1) | |||
| Comprehensive income (loss): | 100 | 81 | (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.