BP Midstream Partners LP (BPMP) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments127995733
Cash and cash equivalents127995733
Receivables11161010
Other current assets3512
Other undisclosed current assets7151
Total current assets:1481217245
Noncurrent Assets
Property, plant and equipment68636969
Long-term investments and receivables520534549488
Long-term investments520534549488
Other noncurrent assets4433
Total noncurrent assets:591601621560
TOTAL ASSETS:739722693606
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10785
Accounts payable2110
Accrued liabilities8774
Deferred revenue22
Debt   15
Due to related parties2232
Other undisclosed current liabilities  1 
Total current liabilities:13101122
Noncurrent Liabilities
Long-term debt and lease obligation468468468 
Long-term debt, excluding current maturities468468468 
Operating lease, liability 0
Liabilities, other than long-term debt4633
Accrued environmental loss contingencies 333
Other liabilities43  
Other undisclosed noncurrent liabilities (3)  
Total noncurrent liabilities:4724714713
Total liabilities:48548248225
Stockholders' equity
Other undisclosed stockholders' equity254240211581
Total stockholders' equity:254240211581
TOTAL LIABILITIES AND EQUITY:739722693606

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues129128116108
Revenue, net116108
Revenue from related parties126125 
Cost of revenue(27)(26)(25)(22)
Cost of goods and services sold  (3)(4)
Gross profit:1021029186
Operating expenses(17)(17)(16)(10)
Operating income:85857576
Income from continuing operations before equity method investments, income taxes:85857576
Income from equity method investments1111179418
Other undisclosed loss from continuing operations before income taxes (15)(4) 
Income from continuing operations before income taxes:19618716694
Income tax expense   (25)
Income before gain (loss) on sale of properties:19618716669
Other undisclosed net loss(8)  (0)
Net income:18818716669
Net loss attributable to noncontrolling interest(20) (33)(8)
Other undisclosed net loss attributable to parent (19) (39)
Net income available to common stockholders, diluted:16816813322

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:18818716669
Comprehensive income:18818716669
Comprehensive loss, net of tax, attributable to noncontrolling interest(20) (33)(8)
Comprehensive income, net of tax, attributable to parent:16818713361

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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