BP Midstream Partners LP (BPMP) financial statements (2020 and earlier)

Company profile

Business Address 501 WESTLAKE PARK BLVD
HOUSTON, TX 77079
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments995733
Cash and cash equivalents995733
Receivables161010
Other current assets512
Other undisclosed current assets151
Total current assets:1217245
Noncurrent Assets
Property, plant and equipment636969
Long-term investments and receivables534549488
Long-term investments534549488
Other noncurrent assets433
Total noncurrent assets:601621560
TOTAL ASSETS:722693606
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities785
Accounts payable110
Accrued liabilities774
Deferred revenue2
Debt  15
Due to related parties232
Other undisclosed current liabilities 1 
Total current liabilities:101122
Noncurrent Liabilities
Long-term debt and lease obligation468468 
Long-term debt, excluding current maturities468468 
Operating lease, liability0
Liabilities, other than long-term debt633
Accrued environmental loss contingencies333
Other liabilities3  
Other undisclosed noncurrent liabilities(3)  
Total noncurrent liabilities:4714713
Total liabilities:48248225
Stockholders' equity
Other undisclosed stockholders' equity240211581
Total stockholders' equity:240211581
TOTAL LIABILITIES AND EQUITY:722693606

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

12/31/2019
12/31/2018
12/31/2017
Revenues128116108
Revenue, net116108
Revenue from related parties125 
Cost of revenue(26)(25)(22)
Cost of goods and services sold (3)(4)
Gross profit:1029186
Operating expenses(17)(16)(10)
Operating income:857576
Income from continuing operations before equity method investments, income taxes:857576
Income from equity method investments1179418
Other undisclosed loss from continuing operations before income taxes(15)(4) 
Income from continuing operations before income taxes:18716694
Income tax expense  (25)
Income before gain (loss) on sale of properties:18716669
Other undisclosed net loss  (0)
Net income:18716669
Net loss attributable to noncontrolling interest (33)(8)
Other undisclosed net loss attributable to parent(19) (39)
Net income available to common stockholders, diluted:16813322

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net income:18716669
Comprehensive income:18716669
Comprehensive loss, net of tax, attributable to noncontrolling interest (33)(8)
Comprehensive income, net of tax, attributable to parent:18713361

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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