BP Midstream Partners LP (BPMP) financial statements (2022 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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments136,900126,90098,83156,97032,694
Cash and cash equivalents136,900126,90098,83156,97032,694
Receivables11,90011,20016,17710,0949,669
Other current assets4002,9004,9806291,655
Other undisclosed current assets3006,6008244,6671,370
Total current assets:149,500147,600120,81272,36045,388
Noncurrent Assets
Property, plant and equipment82,00067,90062,69368,58069,488
Long-term investments and receivables504,700519,900534,383549,039487,999
Long-term investments504,700519,900534,383549,039487,999
Other noncurrent assets2,6003,5004,2083,2242,783
Total noncurrent assets:589,300591,300601,284620,843560,270
TOTAL ASSETS:738,800738,900722,096693,203605,658
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,0009,7007,1497,5074,750
Accounts payable1,8001,900550607269
Accrued liabilities9,2007,8006,5996,9004,481
Deferred revenue3,8001,8001,544
Debt    15,000
Due to related parties2,6001,9001,7172,5532,270
Other undisclosed current liabilities   1,067 
Total current liabilities:17,40013,40010,41011,12722,020
Noncurrent Liabilities
Long-term debt and lease obligation468,000468,000468,417468,000 
Long-term debt, excluding current maturities468,000468,000468,000468,000 
Operating lease, liability  417
Liabilities, other than long-term debt2,5003,5006,4953,2242,783
Accrued environmental loss contingencies  3,0393,2242,783
Other liabilities2,5003,5003,456  
Other undisclosed noncurrent liabilities  (3,456)  
Total noncurrent liabilities:470,500471,500471,456471,2242,783
Total liabilities:487,900484,900481,866482,35124,803
Stockholders' equity
Other undisclosed stockholders' equity250,900254,000240,230210,852580,855
Total stockholders' equity:250,900254,000240,230210,852580,855
TOTAL LIABILITIES AND EQUITY:738,800738,900722,096693,203605,658

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues119,900128,900128,468116,439108,151
Revenue, net116,447108,151
Revenue from related parties117,500126,000125,436 
Cost of revenue(28,300)(26,800)(26,114)(24,956)(21,707)
Cost of goods and services sold   (2,640)(4,437)
Gross profit:91,600102,100102,35491,48386,444
Operating expenses(19,400)(16,700)(16,907)(16,125)(9,984)
Operating income:72,20085,40085,44775,35876,460
Income from continuing operations before equity method investments, income taxes:72,20085,40085,44775,35876,460
Income from equity method investments106,500110,800116,74794,36117,916
Other undisclosed loss from continuing operations before income taxes  (15,127)(4,043) 
Income from continuing operations before income taxes:178,700196,200187,067165,67694,376
Income tax expense    (25,318)
Income before gain (loss) on sale of properties:178,700196,200187,067165,67669,058
Other undisclosed net loss(4,300)(7,900)  (82)
Net income:174,400188,300187,067165,67668,976
Net loss attributable to noncontrolling interest(22,300)(19,900) (32,619)(8,099)
Other undisclosed net loss attributable to parent  (19,183) (39,102)
Net income available to common stockholders, diluted:152,100168,400167,884133,05721,775

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:174,400188,300187,067165,67668,976
Comprehensive income:174,400188,300187,067165,67668,976
Comprehensive loss, net of tax, attributable to noncontrolling interest(22,300)(19,900) (32,619)(8,099)
Comprehensive income, net of tax, attributable to parent:152,100168,400187,067133,05760,877

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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