Breitburn Energy Partners LP (BBEP) financial statements (2020 and earlier)

Company profile

Business Address 707 WILSHIRE BOULEVARD
LOS ANGELES, CA 90017
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments71101325
Cash and cash equivalents71101325
Receivables(2)01679969
Inventory, net of allowances, customer advances and progress billings1144
Inventory1144 
Prepaid expense8673
Derivative instruments and hedges, assets 440408834
Intangible current assets 0 
Prepaid expense and other current assets3
Other undisclosed current assets552130214
Total current assets:631588601117114
Noncurrent Assets
Property, plant and equipment3,4143,9336,4543,9152,712
Long-term investments and receivables77677
Long-term investments77677
Intangible assets, net (including goodwill)  921
Goodwill  92  
Intangible assets, net (excluding goodwill)   1 
Derivative instruments and hedges 2273207155
Regulated entity, other noncurrent assets  53  
Deposits noncurrent assets  5123 
Other noncurrent assets6411815774
Prepaid expense and other noncurrent assets28
Other undisclosed noncurrent assets  (95)(11) 
Total noncurrent assets:3,4854,2847,0384,0792,802
TOTAL ASSETS:4,1154,8727,6384,1962,915
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11312218411274
Accounts payable48501297042
Accrued liabilities17572721
Employee-related liabilities1122221511
Taxes payable152425  
Interest and dividends payable2120   
Debt1,198154105  
Derivative instruments and hedges, liabilities 45256
Asset retirement obligation625  
Other undisclosed current liabilities3735624635
Total current liabilities:1,354318362183115
Noncurrent Liabilities
Long-term debt and lease obligation32,8676,4941,157756
Long-term debt, excluding current maturities32,8676,4941,157756
Liabilities, other than long-term debt271278263133109
Asset retirement obligations25325223312498
Accrued environmental loss contingencies11222
Other liabilities18252555
Derivative instruments and hedges, liabilities 0234
Other undisclosed noncurrent liabilities1,8813(3,246)734346
Total noncurrent liabilities:2,1553,1493,5112,0241,211
Total liabilities:3,5093,4673,8722,2061,326
Stockholders' equity
Stockholders' equity attributable to parent2(0)(1)  
Accumulated other comprehensive income (loss)2(0)(1)  
Other undisclosed stockholders' equity6041,4063,7671,9901,590
Total stockholders' equity:6061,4063,7661,9901,590
TOTAL LIABILITIES AND EQUITY:4,1154,8727,6384,1962,915

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues4691,1091,430635423
Revenue, net522670863664417
Cost of revenue(606)(2,940)(441)(271)(150)
Gross profit:(137)(1,831)989364273
Operating expenses(440)(545)(443)(320)(252)
Operating income (loss):(577)(2,377)5464422
Nonoperating income (expense)01568(29)6
Investment income, nonoperating  567(29)6
Other nonoperating income (expense)0120(0)
Interest and debt expense(148)(203)(127)(87)(61)
Income (loss) from continuing operations before equity method investments, income taxes:(725)(2,579)987(72)(34)
Income from equity method investments   11
Other undisclosed income (loss) from continuing operations before income taxes(93)(3)(566)29(7)
Income (loss) from continuing operations before income taxes:(818)(2,581)421(43)(41)
Income tax expense (benefit)2(2)0(1)(0)
Net income (loss):(816)(2,583)421(44)(41)
Net income (loss) attributable to noncontrolling interest1(0)0 (0)
Net income (loss) attributable to parent:(815)(2,583)421(44)(41)
Preferred stock dividends and other adjustments(6)(17)(10)00
Other undisclosed net loss available to common stockholders, basic(12)(23)(5)  
Net income (loss) available to common stockholders, diluted:(833)(2,622)406(44)(41)

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(816)(2,583)421(44)(41)
Other comprehensive income (loss)10(0)  
Other undisclosed comprehensive income (loss)10(0)  
Comprehensive income (loss):(814)(2,583)421(44)(41)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(0) 0
Other undisclosed comprehensive income, net of tax, attributable to parent  1  
Comprehensive income (loss), net of tax, attributable to parent:(814)(2,583)421(44)(41)

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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