Buckeye Partners L.P. (BPL) financial statements (2021 and earlier)

Company profile

Business Address ONE GREENWAY PLAZA
HOUSTON, TX 77046
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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments226405857
Cash and cash equivalents226405857
Receivables234296255231290351275
Inventory, net of allowances, customer advances and progress billings211301357193243312259
Inventory211301357193243312259
Prepaid expense121015181316
Derivative instruments and hedges, assets18352786942
Prepaid expense and other current assets92
Assets held-for-sale182 
Other undisclosed current assets47125026931 
Total current assets:5246571,319552632901634
Noncurrent Assets
Nontrade receivables    8
Property, plant and equipment6,9156,7366,4836,2025,7364,9254,189
Long-term investments and receivables1,1121,4949084837269
Long-term investments1,1121,4949084837269
Intangible assets, net (including goodwill)7641,3661,4281,4901,5471,0471,037
Goodwill4711,0071,005999993822818
Intangible assets, net (excluding goodwill)293359423491554225219
Derivative instruments and hedges    3  
Regulated entity, other noncurrent assets    252112
Other noncurrent assets4151102418860
Prepaid expense and other noncurrent assets52
Assets held-for-sale, long lived157 
Other undisclosed noncurrent assets    (36)(178)(12)
Total noncurrent assets:8,8329,6488,1027,8187,4546,1045,347
TOTAL ASSETS:9,35610,3059,4218,3698,0867,0065,981
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities242258229174241170127
Accounts payable14816110783159150113
Accrued liabilities  21    
Employee-related liabilities6777553
Taxes payable30333428201511
Interest and dividends payable5857605658  
Debt525252 111166226206
Derivative instruments and hedges, liabilities1726124583
Estimated litigation liability  1240  
Accrued environmental loss contingencies12989121213
Asset retirement obligation 13118 
Deferred revenue and credits353233342923
Customer advances and deposits  3614
Other liabilities524123285651192
Other undisclosed current liabilities296817710855144(51)
Total current liabilities:1,128685400504622685594
Noncurrent Liabilities
Long-term debt and lease obligation4,0124,6584,2183,7333,3893,0932,735
Long-term debt, excluding current maturities4,0124,6584,2183,7333,3893,0932,735
Liabilities, other than long-term debt8593105115201227360
Deferred revenue and credits   243550
Accrued environmental loss contingencies    404648
Other liabilities8593105115135147205
Derivative instruments and hedges, liabilities    3 58
Other undisclosed noncurrent liabilities    (66)(80)(98)
Total noncurrent liabilities:4,0974,7514,3233,8483,5243,2402,998
Total liabilities:5,2245,4364,7234,3534,1453,9253,592
Stockholders' equity
Stockholders' equity attributable to parent(40)29(26)(98)(115)(104)(159)
Accumulated other comprehensive income (loss)(40)29(26)(98)(115)(104)(159)
Other undisclosed stockholders' equity4,1714,8404,7244,1154,0563,1842,548
Total stockholders' equity:4,1314,8684,6984,0173,9413,0812,389
TOTAL LIABILITIES AND EQUITY:9,35610,3059,4218,3698,0867,0065,981

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues4,1083,6483,2483,4536,6205,0544,357
Revenue, net3,6483,2483,4536,6205,0544,357
Cost of revenue(3,415)(2,873)(2,429)(2,745)(5,958)(4,300)(4,011)
Cost of goods and services sold(2,522)(1,969)(1,550)(1,966)(5,312)(3,944)(7)
Gross profit:693775819709662754346
Operating expenses(276)(91)(86)(105)(167)(276)(7)
Other operating income, net1655    
Other nonrecurring (income) expense  (17)    
Other undisclosed operating loss(16)(5)(5)    
Operating income:417684733604495478339
Nonoperating expense(465)(189)(183)(165)(160)(125)(109)
Interest and debt expense(190)(226)(195)(171)(171)(131)(115)
Income (loss) from continuing operations before equity method investments, income taxes:(238)269355268164222115
Income from equity method investments    1156
Other undisclosed income from continuing operations before income taxes190226195171160126109
Income (loss) from continuing operations before income taxes:(48)495550439335353230
Income tax expense (benefit)(4)(1)(1)(1)(0)(1)1
Income (loss) from continuing operations:(52)494549438334352231
Loss from discontinued operations   (1)(60)(187) 
Net income (loss):(52)494549438275164231
Net loss attributable to noncontrolling interest(7)(15)(13)(0)  (4)
Net income (loss) attributable to parent:(59)479536437275164226
Other undisclosed net loss available to common stockholders, basic(4)(4)     
Net income (loss) available to common stockholders, diluted:(63)475536437275164226

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(52)494549438275164231
Other comprehensive income (loss)(69)547217(12)55(31)
Comprehensive income (loss):(121)548621455263220200
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(15)(13)(0)(2)44
Other undisclosed comprehensive loss, net of tax, attributable to parent     (8)(8)
Comprehensive income (loss), net of tax, attributable to parent:(128)533608455261216195

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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