CSI Compressco LP (CCLP) financial statements (2020 and earlier)

Company profile

Business Address 24955 INTERSTATE 45 N
THE WOODLANDS, TX 77380
State of Incorp. DE
Fiscal Year End December 31
SIC 1389 - Oil and Gas Field Services, Not Elsewhere Classified (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
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2168211134
Cash and cash equivalents2168211134
Receivables656548455879
Inventory, net of allowances, customer advances and progress billings5665423150113
Inventory5665423150113
Prepaid expense464575
Assets held-for-sale, not part of disposal group   0 
Other undisclosed current assets    10
Total current assets:127152102102126231
Noncurrent Assets
Operating lease, right-of-use asset21
Property, plant and equipment642641606647699686
Intangible assets, net (including goodwill), including:32343437155315
Goodwill   (234)92234
Intangible assets, net (excluding goodwill)283134374863
Other undisclosed intangible assets, net (including goodwill)4302341418
Other noncurrent assets430 1417
Other undisclosed noncurrent assets(4)(3)(0) (14)(17)
Total noncurrent assets:6956756416848541,001
TOTAL ASSETS:8228277437869801,233
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities906645364067
Accounts payable483322161338
Accrued liabilities433324202729
Debt7     
Due to related parties843686
Deferred revenue and credits1681966
Deferred tax liabilities    1
Other undisclosed current liabilities325    
Total current liabilities:10894645067141
Noncurrent Liabilities
Long-term debt and lease obligation652633512504580540
Long-term debt, excluding current maturities638633512504580540
Operating lease, liability14
Liabilities, other than long-term debt, including:1411112
Deferred tax liabilities, net11112
Due to related parties12     
Other liabilities000000
Other undisclosed liabilities, other than long-term debt1     
Other undisclosed noncurrent liabilities 317088  
Total noncurrent liabilities:666665584593581542
Total liabilities:773759648643648682
Stockholders' equity
Stockholders' equity attributable to parent(15)(15)(11)(10)(8)(3)
Accumulated other comprehensive loss(15)(15)(11)(10)(8)(3)
Other undisclosed stockholders' equity6482107154341554
Total stockholders' equity:496795143332550
TOTAL LIABILITIES AND EQUITY:8228277437869801,233

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues477439296311458283
Revenue, net296311458283
Cost of revenue(317)(308)(193)(191)(291)(175)
Cost of goods and services sold(125)(127)(161)(166)(266)(161)
Other cost of operating revenue  (32)(25)(25)(14)
Gross profit:159130102120167108
Operating expenses(127)(115)(104)(216)(277)(78)
Operating income (loss):3216(2)(95)(110)30
Nonoperating income (expense)1(2)0(2)(4)(12)
Foreign currency transaction gain (loss), before tax10(0)010
Other nonoperating income (expense)1(2)0(2)(5)(12)
Interest and debt expense(53)(53)(43)(37)(32)(13)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes257(2)(0)5
Income (loss) from continuing operations before equity method investments, income taxes:(18)(34)(38)(136)(147)10
Other undisclosed income from continuing operations before income taxes     0
Income (loss) from continuing operations before income taxes:(18)(34)(38)(136)(147)10
Income tax expense (benefit)(3)(3)(3)(2)01
Net income (loss) attributable to parent:(21)(37)(40)(138)(147)11
Preferred stock dividends and other adjustments30     
Net income (loss) available to common stockholders, diluted:9(37)(40)(138)(147)11

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(21)(37)(40)(138)(147)11
Other comprehensive income (loss)1 (1)(2)(5)(4)
Other undisclosed comprehensive loss (4)(0)   
Comprehensive income (loss), net of tax, attributable to parent:(20)(41)(42)(140)(152)8

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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