Blueknight Energy Partners L.P. (BKEP) financial statements (2023 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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1728055581,4552,4693,3043,038
Cash and cash equivalents1,1728055581,4552,4693,3043,038
Receivables3,3583,80424,82636,72610,6599,40410,541
Prepaid expense   1,8602,0091,5781,397
Disposal group, including discontinued operation296,945     
Assets held-for-sale, not part of disposal group     4,237 
Other current assets3,1122,3558,6927,4858,4387,9344,384
Total current assets:7,644103,90934,07647,52623,57526,45719,360
Noncurrent Assets
Finance lease, right-of-use asset  750
Operating lease, right-of-use asset7,8558,54810,758
Property, plant and equipment106,389104,709232,777248,261296,069307,334312,934
Long-term investments and receivables     20,56119,078
Long-term investments     20,56119,078
Intangible assets, net (including goodwill)11,81614,25920,8166,7283,8704,7464,387
Goodwill6,7286,7286,7286,7283,8704,7464,387
Intangible assets, net (excluding goodwill)5,0887,53114,088    
Deferred costs     2,0502,201
Other noncurrent assets3402521,16917,44012,91314,5156,786
Other undisclosed noncurrent assets2,8541,3401,5943,3494,442  
Total noncurrent assets:129,254129,108267,864275,778317,294349,206345,386
TOTAL ASSETS:136,898233,017301,940323,304340,869375,663364,746
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,7978,64311,48824,87713,68412,47615,463
Accounts payable2,1051,6353,1253,7074,4393,1745,236
Accrued liabilities   13,949   
Employee-related liabilities4,7824,9774,8233,6676,1196,3587,263
Taxes payable1,6601,7573,2473,0892,4322,5312,773
Interest and dividends payable250274293465694413191
Debt  2,711    
Due to related parties1,047312,4602,2632,2681,053 
Disposal group, including discontinued operation24017,248     
Deferred revenue and credits3,2062,3932,3504,299
Other liabilities1,7111,3492,6273,4654,7474,2796,358
Other undisclosed current liabilities8,2258,07635,29015,054551383756
Total current liabilities:20,02035,34754,57648,86523,64320,54126,876
Noncurrent Liabilities
Long-term debt and lease obligation104,703259,572264,551265,592307,592324,000245,000
Long-term debt, excluding current maturities98,000252,592255,592265,592307,592324,000245,000
Finance lease, liability  430
Operating lease, liability6,7036,9808,529
Liabilities, other than long-term debt2281682,4171,7141,05264080
Due to related parties   1,7141,05264080
Other liabilities2281682,417    
Total noncurrent liabilities:104,931259,740266,968267,306308,644324,640245,080
Total liabilities:124,951295,087321,544316,171332,287345,181271,956
Stockholders' equity
Other undisclosed liabilities and equity11,947(62,070)(19,604)7,1338,58230,48292,790
TOTAL LIABILITIES AND EQUITY:136,898233,017301,940323,304340,869375,663364,746

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues115,417110,245371,070384,835181,939177,394180,029
Revenue, net358,392181,939177,394180,029
Cost of revenue
(Cost of Goods and Services Sold)
   (126,776)(8,807)(14,130) 
Gross profit:115,417110,245371,070258,059173,132163,264180,029
Operating expenses(78,300)(77,061) (412,198)(152,124)(171,011)(172,177)
Other undisclosed operating income (loss)  (336,888) 7,83214,2386,137
Operating income (loss):37,11733,18434,182(154,139)28,8406,49113,989
Nonoperating income2,6151,1692682,2255,337  
Investment income, nonoperating   2,2255,337  
Other nonoperating income2,6151,169268    
Interest and debt expense(4,944)(5,665)(15,975)(16,860)(14,027)(12,554)(11,202)
Income (loss) from continuing operations before equity method investments, income taxes:34,78828,68818,475(168,774)20,150(6,063)2,787
Income from equity method investments    611,4833,932
Other undisclosed income from continuing operations before income taxes   126,925   
Income (loss) from continuing operations before income taxes:34,78828,68818,475(41,849)20,211(4,580)6,719
Income tax expense (benefit)(30)7(63)(198)(166)(260)(323)
Income (loss) from continuing operations:34,75828,69518,412(42,047)20,045(4,840)6,396
Loss from discontinued operations (42,175)     
Net income (loss):34,758(13,480)18,412(42,047)20,045(4,840)6,396
Net loss attributable to noncontrolling interest(24,824)      
Other undisclosed net income attributable to parent100,596      
Net income (loss) available to common stockholders, diluted:110,530(13,480)18,412(42,047)20,045(4,840)6,396

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):34,758(13,480)18,412(42,047)20,045(4,840)6,396
Comprehensive income (loss), net of tax, attributable to parent:34,758(13,480)18,412(42,047)20,045(4,840)6,396

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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