Andeavor Logistics LP (ANDX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
200 E. HARDIN STREET FINDLAY, OH 45840 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 461 - Pipelines, Except Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 10,000 | 75,000 | 688,000 | 16,000 | 19,000 | 23,203 | |||
| Cash and cash equivalents | 10,000 | 75,000 | 688,000 | 16,000 | 19,000 | 23,203 | |||
| Receivables | 195,000 | 219,000 | 129,000 | 139,000 | 122,000 | 9,125 | |||
| Inventory, net of allowances, customer advances and progress billings | 22,000 | ✕ | |||||||
| Inventory | 22,000 | ||||||||
| Prepaid expense | 12,000 | ||||||||
| Deferred costs | 45,000 | ||||||||
| Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4,903 | ||
| Other undisclosed current assets | 279,000 | 211,000 | 121,000 | 97,000 | 94,000 | 58,479 | |||
| Total current assets: | 563,000 | 505,000 | 938,000 | 252,000 | 235,000 | 95,710 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 6,845,000 | 5,413,000 | 3,444,000 | 3,450,000 | 3,306,000 | 1,368,301 | |||
| Long-term investments and receivables | 602,000 | 320,000 | 337,000 | 58,000 | 57,000 | ||||
| Long-term investments | 602,000 | 320,000 | 337,000 | 58,000 | 57,000 | ||||
| Intangible assets, net (including goodwill) | 2,155,000 | 1,845,000 | 1,064,000 | 1,106,000 | 1,137,000 | 8,738 | |||
| Goodwill | 1,051,000 | 692,000 | 117,000 | 130,000 | 164,000 | 8,738 | |||
| Intangible assets, net (excluding goodwill) | 1,104,000 | 1,153,000 | 947,000 | 976,000 | 973,000 | ||||
| Regulated entity, other noncurrent assets | (39,000) | ||||||||
| Other noncurrent assets | 130,000 | 86,000 | 77,000 | 26,000 | 79,000 | 29,476 | |||
| Other undisclosed noncurrent assets | 39,000 | 87 | |||||||
| Total noncurrent assets: | 9,732,000 | 7,664,000 | 4,922,000 | 4,640,000 | 4,579,000 | 1,406,602 | |||
| TOTAL ASSETS: | 10,295,000 | 8,169,000 | 5,860,000 | 4,892,000 | 4,814,000 | 1,502,312 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 255,000 | 200,000 | 111,000 | 114,000 | 199,000 | 3,071 | |||
| Interest and dividends payable | 41,000 | 40,000 | 42,000 | 31,000 | 28,000 | ||||
| Taxes payable | 3,071 | ||||||||
| Accounts payable | 214,000 | 160,000 | 69,000 | 83,000 | 126,000 | ||||
| Accrued liabilities | 45,000 | ||||||||
| Debt | 504,000 | (323) | |||||||
| Accrued environmental loss contingencies | 13,000 | 19,741 | |||||||
| Other liabilities | 81,000 | 75,000 | 45,000 | 59,000 | 79,000 | 6,863 | |||
| Due to related parties | 252,000 | 199,000 | 56,000 | 48,000 | 53,000 | ||||
| Other undisclosed current liabilities | (58,000) | 57,756 | |||||||
| Total current liabilities: | 1,092,000 | 474,000 | 212,000 | 221,000 | 286,000 | 87,108 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 4,460,000 | 4,127,000 | 4,053,000 | 2,844,000 | 2,593,000 | 1,164,020 | |||
| Long-term debt, excluding current maturities | 250,000 | ||||||||
| Other undisclosed long-term debt and lease obligation | 4,460,000 | 4,127,000 | 4,053,000 | 2,594,000 | 2,593,000 | 1,164,020 | |||
| Liabilities, other than long-term debt | 69,000 | 54,000 | 53,000 | 49,000 | 45,000 | 5,832 | |||
| Other liabilities | 69,000 | 54,000 | 53,000 | 49,000 | 45,000 | 5,832 | |||
| Total noncurrent liabilities: | 4,529,000 | 4,181,000 | 4,106,000 | 2,893,000 | 2,638,000 | 1,169,852 | |||
| Total liabilities: | 5,621,000 | 4,655,000 | 4,318,000 | 3,114,000 | 2,924,000 | 1,256,960 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,694,000 | 1,455,000 | |||||||
| Other undisclosed equity, attributable to parent | 1,694,000 | 1,455,000 | |||||||
| Equity, attributable to noncontrolling interest | 84,000 | 435,000 | |||||||
| Other undisclosed equity | 4,674,000 | 3,514,000 | 1,542,000 | ||||||
| Total equity: | 4,674,000 | 3,514,000 | 1,542,000 | 1,778,000 | 1,890,000 | ||||
| Other undisclosed liabilities and equity | 245,352 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 10,295,000 | 8,169,000 | 5,860,000 | 4,892,000 | 4,814,000 | 1,502,312 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,380,000 | 3,213,000 | 1,220,000 | 1,112,000 | 600,000 | 305,476 | ||
| Operating leases, income statement, lease revenue | 425,000 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Revenue, net | ✕ | ✕ | 3,213,000 | 1,220,000 | 1,112,000 | 600,000 | 305,476 | |
| Cost of revenue | (1,509,000) | (17,000) | (139,000) | (34,000) | (35,700) | |||
| Cost of goods and services sold | (1,509,000) | (17,000) | (34,000) | (26,000) | ||||
| Gross profit: | 2,380,000 | 1,704,000 | 1,203,000 | 973,000 | 566,000 | 269,776 | ||
| Operating expenses | (1,010,000) | (740,000) | (570,000) | (554,000) | (360,000) | (189,059) | ||
| Other undisclosed operating loss | (574,000) | (282,000) | (146,000) | |||||
| Operating income: | 796,000 | 682,000 | 487,000 | 419,000 | 206,000 | 80,717 | ||
| Nonoperating income (Other Nonoperating income) | 6,000 | 3,000 | ||||||
| Interest and debt expense | (322,000) | (191,000) | (150,000) | (109,000) | 39,582 | |||
| Income from continuing operations before equity method investments, income taxes: | 802,000 | 363,000 | 296,000 | 269,000 | 97,000 | 120,299 | ||
| Income from equity method investments | 31,000 | 10,000 | 13,000 | 7,000 | 1,000 | |||
| Other undisclosed income from continuing operations before income taxes | 6,000 | |||||||
| Income from continuing operations before income taxes: | 833,000 | 373,000 | 315,000 | 276,000 | 98,000 | 120,299 | ||
| Income tax expense | (1,000) | (1,000) | ||||||
| Income from continuing operations: | 833,000 | 373,000 | 314,000 | 275,000 | 98,000 | 120,299 | ||
| Income before gain (loss) on sale of properties: | 833,000 | 373,000 | 314,000 | 275,000 | 98,000 | 120,299 | ||
| Other undisclosed net income (loss) | (233,000) | 25,000 | 17,000 | 4,000 | ||||
| Net income: | 600,000 | 373,000 | 339,000 | 292,000 | 102,000 | 120,299 | ||
| Net loss attributable to noncontrolling interest | (20,000) | (3,000) | ||||||
| Other undisclosed net income (loss) attributable to parent | 28,000 | (24,000) | (24,000) | 3,000 | (1,000) | (78,662) | ||
| Net income attributable to parent: | 628,000 | 349,000 | 315,000 | 275,000 | 98,000 | 41,637 | ||
| Preferred stock dividends and other adjustments | (41,000) | |||||||
| Undistributed earnings (loss) allocated to participating securities, basic | (331,000) | (321,000) | ✕ | ✕ | ✕ | ✕ | ||
| Net income available to common stockholders, diluted: | 256,000 | 28,000 | 315,000 | 275,000 | 98,000 | 41,637 | ||
Comprehensive Income ($ in thousands)
| 6/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 600,000 | 373,000 | 339,000 | 292,000 | 102,000 | 120,299 | ||
| Comprehensive income: | 600,000 | 373,000 | 339,000 | 292,000 | 102,000 | 120,299 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (20,000) | (3,000) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 600,000 | 373,000 | 339,000 | 272,000 | 99,000 | 120,299 | ||
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.