CSI Compressco LP (CCLP) financial statements (2023 and earlier)

Company profile

Business Address 1735 HUGHES LANDING BLVD
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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,59816,5772,37015,8587,60120,79710,620
Cash and cash equivalents6,59816,5772,37015,8587,60120,79710,620
Receivables53,52043,83764,76065,06747,77644,90457,775
Inventory, net of allowances, customer advances and progress billings33,27131,18856,03765,22242,28331,44249,771
Inventory33,27131,18856,03765,22242,28331,44249,771
Prepaid expense7,3905,1844,1265,6004,4874,6477,262
Disposal group, including discontinued operation 39     
Assets held-for-sale, not part of disposal group     214 
Other undisclosed current assets      772
Total current assets:100,77996,825127,293151,747102,147102,004126,200
Noncurrent Assets
Operating lease, right-of-use asset25,89832,63721,006
Property, plant and equipment570,462551,401642,367641,319606,479647,006699,280
Intangible assets, net (including goodwill), including:22,09529,10331,58033,67834,30637,130154,970
Goodwill     (233,500)92,402
Intangible assets, net (excluding goodwill)22,09525,05728,01730,97833,94237,10248,343
Other undisclosed intangible assets, net (including goodwill) 4,0463,5632,700364233,52814,225
Deferred income tax assets5  
Other noncurrent assets3,122 3,5392,687354 14,205
Other undisclosed noncurrent assets  (3,539)(2,687)(354) (14,205)
Total noncurrent assets:621,582613,141694,953674,997640,785684,136854,250
TOTAL ASSETS:722,361709,966822,246826,744742,932786,140980,450
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities68,84655,56790,41865,93845,44635,65639,673
Accounts payable28,95819,76647,83733,40821,66115,68212,969
Accrued liabilities39,88835,80142,58132,53023,78519,97426,704
Deferred revenue2,187269 
Debt  6,706    
Due to related parties 3,2347,7043,5173,0346,1808,153
Disposal group, including discontinued operation262345     
Deferred revenue and credits15,5268,07819,074
Other undisclosed current liabilities  2,79924,898   
Total current liabilities:71,29559,415107,62794,35364,00649,91466,900
Noncurrent Liabilities
Long-term debt and lease obligation648,789662,690652,060633,013512,176504,090580,481
Long-term debt, excluding current maturities631,141638,631638,238633,013512,176504,090580,481
Operating lease, liability17,64824,05913,822
Liabilities, other than long-term debt, including:1,11813,19413,5681,0751,463757911
Deferred tax liabilities, net1,0121,403718656
Deferred income tax liabilities8191,478 
Due to related parties  12,324    
Other liabilities29911,71633636039255
Other undisclosed liabilities, other than long-term debt  1,211    
Other undisclosed noncurrent liabilities   30,90070,26088,130 
Total noncurrent liabilities:649,907675,884665,628664,988583,899592,977581,392
Total liabilities:721,202735,299773,255759,341647,905642,891648,292
Stockholders' equity
Stockholders' equity attributable to parent(14,404)(14,393)(14,573)(15,086)(11,489)(10,411)(8,393)
Accumulated other comprehensive loss(14,404)(14,393)(14,573)(15,086)(11,489)(10,411)(8,393)
Other undisclosed stockholders' equity (10,940)63,56482,489106,516153,660340,551
Total stockholders' equity:(14,404)(25,333)48,99167,40395,027143,249332,158
Other undisclosed liabilities and equity15,563      
TOTAL LIABILITIES AND EQUITY:722,361709,966822,246826,744742,932786,140980,450

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues304,171301,587476,581438,663295,566311,363457,641
Revenue, net295,566311,363457,641
Cost of revenue(168,687)(174,233)(317,499)(308,397)(193,498)(191,260)(290,660)
Cost of goods and services sold(168,687) (125,104)(127,128)(161,242)(165,898)(265,666)
Other cost of operating revenue    (32,256)(25,362)(24,994)
Gross profit:135,484127,354159,082130,266102,068120,103166,981
Operating expenses(121,533)(135,933)(126,960)(114,568)(104,079)(215,505)(276,870)
Operating income (loss):13,951(8,579)32,12215,698(2,011)(95,402)(109,889)
Nonoperating income (expense)(3,868)(3,744)1,311(2,051)178(2,005)(4,462)
Foreign currency transaction gain (loss), before tax (200)80050(38)378514
Other nonoperating income (expense)(3,868)(3,544)511(2,101)216(2,383)(4,976)
Interest and debt expense(54,791)(54,468)(53,375)(52,585)(43,135)(36,650)(32,178)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 6,9812,3224,5757,293(2,216)(202)
Loss from continuing operations before income taxes:(44,708)(59,810)(17,620)(34,363)(37,675)(136,273)(146,731)
Income tax expense (benefit)(4,952)(3,144)(3,353)(2,615)(2,784)(1,865)101
Loss from continuing operations:(49,660)(62,954)(20,973)(36,978)(40,459)(138,138)(146,630)
Loss from discontinued operations(612)(10,886)     
Net loss attributable to parent:(50,272)(73,840)(20,973)(36,978)(40,459)(138,138)(146,630)
Preferred stock dividends and other adjustments 30,40030,400    
Net income (loss) available to common stockholders, diluted:(50,272)(43,440)9,427(36,978)(40,459)(138,138)(146,630)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(50,272)(73,840)(20,973)(36,978)(40,459)(138,138)(146,630)
Other comprehensive income (loss) 180513 (649)(2,018)(5,057)
Other undisclosed comprehensive loss(11)  (3,597)(429)  
Comprehensive loss, net of tax, attributable to parent:(50,283)(73,660)(20,460)(40,575)(41,537)(140,156)(151,687)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: