Blueknight Energy Partners L.P., L.L.C. (BKEP) financial statements (2021 and earlier)
Company profile
| Business Address |
6060 AMERICAN PLAZA TULSA, OK 73135 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 461 - Pipelines, Except Natural Gas (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 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 | 1 | 1 | 2 | 3 | 3 | 5 | 3 | ||
| Cash and cash equivalents | 1 | 1 | 2 | 3 | 3 | 3 | 3 | ||
| Short-term investments | 2 | ||||||||
| Receivables | 25 | 37 | 11 | 9 | 11 | 11 | 15 | ||
| Prepaid expense | 2 | 2 | 2 | 1 | 2 | 2 | |||
| Assets held-for-sale, not part of disposal group | 4 | ✕ | ✕ | ||||||
| Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 0 | ||
| Other current assets | 9 | 7 | 8 | 8 | 4 | 4 | 4 | ||
| Total current assets: | 34 | 48 | 24 | 26 | 19 | 21 | 25 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 11 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 233 | 248 | 296 | 307 | 313 | 310 | 297 | ||
| Long-term investments and receivables | 21 | 19 | 20 | 19 | |||||
| Long-term investments | 21 | 19 | 20 | 19 | |||||
| Intangible assets, net (including goodwill) | 21 | 7 | 4 | 5 | 4 | 8 | 8 | ||
| Goodwill | 7 | 7 | 4 | 5 | 4 | 7 | 7 | ||
| Intangible assets, net (excluding goodwill) | 14 | 1 | 1 | ||||||
| Prepaid expense | 1 | 0 | |||||||
| Deposits noncurrent assets | 1 | 1 | |||||||
| Deferred costs | 2 | 2 | 3 | 4 | |||||
| Other noncurrent assets | 1 | 17 | 13 | 15 | 7 | 2 | 2 | ||
| Other undisclosed noncurrent assets | 2 | 3 | 4 | (2) | (2) | ||||
| Total noncurrent assets: | 268 | 276 | 317 | 349 | 345 | 343 | 330 | ||
| TOTAL ASSETS: | 302 | 323 | 341 | 376 | 365 | 364 | 355 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 11 | 25 | 14 | 12 | 15 | 16 | 16 | ||
| Accounts payable | 3 | 4 | 4 | 3 | 5 | 8 | 7 | ||
| Accrued liabilities | 14 | ||||||||
| Employee-related liabilities | 5 | 4 | 6 | 6 | 7 | 7 | 7 | ||
| Taxes payable | 3 | 3 | 2 | 3 | 3 | 2 | 2 | ||
| Interest and dividends payable | 0 | 0 | 1 | 0 | 0 | ||||
| Debt | 3 | ||||||||
| Due to related parties | 2 | 2 | 2 | 1 | |||||
| Deferred revenue and credits | ✕ | 3 | 2 | 2 | 4 | 2 | 2 | ||
| Other liabilities | 3 | 3 | 5 | 4 | 6 | 3 | 5 | ||
| Other undisclosed current liabilities | 35 | 15 | 1 | 0 | 1 | 1 | 1 | ||
| Total current liabilities: | 55 | 49 | 24 | 21 | 27 | 22 | 24 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 265 | 266 | 308 | 324 | 245 | 216 | 273 | ||
| Long-term debt, excluding current maturities | 256 | 266 | 308 | 324 | 245 | 216 | 273 | ||
| Finance lease, liability | 0 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 9 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 2 | 2 | 1 | 1 | 0 | 0 | 0 | ||
| Due to related parties | 2 | 1 | 1 | 0 | 0 | 0 | |||
| Other liabilities | 2 | ||||||||
| Total noncurrent liabilities: | 267 | 267 | 309 | 325 | 245 | 216 | 273 | ||
| Total liabilities: | 322 | 316 | 332 | 345 | 272 | 238 | 297 | ||
| Stockholders' equity | |||||||||
| Other undisclosed liabilities and equity | (20) | 7 | 9 | 30 | 93 | 126 | 58 | ||
| TOTAL LIABILITIES AND EQUITY: | 302 | 323 | 341 | 376 | 365 | 364 | 355 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 371 | 385 | 182 | 177 | 180 | 187 | 195 | |
| Revenue, net | ✕ | 358 | 182 | 177 | 180 | 187 | 195 | |
| Cost of revenue (Cost of Goods and Services Sold) | (127) | (9) | (14) | |||||
| Gross profit: | 371 | 258 | 173 | 163 | 180 | 187 | 195 | |
| Operating expenses | (412) | (152) | (171) | (172) | (152) | (151) | ||
| Other undisclosed operating income (loss) | (337) | 8 | 14 | 6 | 2 | 1 | ||
| Operating income (loss): | 34 | (154) | 29 | 6 | 14 | 37 | 44 | |
| Nonoperating income | 0 | 2 | 5 | |||||
| Investment income, nonoperating | 2 | 5 | ||||||
| Other nonoperating income | 0 | |||||||
| Interest and debt expense | (16) | (17) | (14) | (13) | (11) | (12) | (12) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 18 | (169) | 20 | (6) | 3 | 25 | 33 | |
| Income (loss) from equity method investments | 0 | 1 | 4 | 1 | (1) | |||
| Other undisclosed income from continuing operations before income taxes | 127 | 2 | ||||||
| Income (loss) from continuing operations before income taxes: | 18 | (42) | 20 | (5) | 7 | 28 | 32 | |
| Income tax expense | (0) | (0) | (0) | (0) | (0) | (0) | (1) | |
| Net income (loss): | 18 | (42) | 20 | (5) | 6 | 28 | 31 | |
| Net loss attributable to noncontrolling interest | (22) | (22) | ||||||
| Other undisclosed net income attributable to parent | 22 | 18 | ||||||
| Net income (loss) available to common stockholders, diluted: | 18 | (42) | 20 | (5) | 6 | 28 | 28 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 18 | (42) | 20 | (5) | 6 | 28 | 31 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 18 | (42) | 20 | (5) | 6 | 28 | 31 | |
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.