CSI Compressco LP (CCLP) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1721682111
Cash and cash equivalents1721682111
Receivables446565484558
Inventory, net of allowances, customer advances and progress billings315665423150
Inventory315665423150
Prepaid expense546457
Disposal group, including discontinued operation0     
Assets held-for-sale, not part of disposal group    0 
Other undisclosed current assets     1
Total current assets:97127152102102126
Noncurrent Assets
Operating lease, right-of-use asset3321
Property, plant and equipment551642641606647699
Intangible assets, net (including goodwill), including:2932343437155
Goodwill    (234)92
Intangible assets, net (excluding goodwill)252831343748
Other undisclosed intangible assets, net (including goodwill)443023414
Other noncurrent assets 430 14
Other undisclosed noncurrent assets (4)(3)(0) (14)
Total noncurrent assets:613695675641684854
TOTAL ASSETS:710822827743786980
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities569066453640
Accounts payable204833221613
Accrued liabilities364333242027
Deferred revenue0 
Debt 7    
Due to related parties384368
Disposal group, including discontinued operation0     
Deferred revenue and credits16819
Other undisclosed current liabilities 325   
Total current liabilities:5910894645067
Noncurrent Liabilities
Long-term debt and lease obligation663652633512504580
Long-term debt, excluding current maturities639638633512504580
Operating lease, liability2414
Liabilities, other than long-term debt, including:13141111
Deferred tax liabilities, net1111
Deferred income tax liabilities1 
Due to related parties 12    
Other liabilities1200000
Other undisclosed liabilities, other than long-term debt 1    
Other undisclosed noncurrent liabilities  317088 
Total noncurrent liabilities:676666665584593581
Total liabilities:735773759648643648
Stockholders' equity
Stockholders' equity attributable to parent(14)(15)(15)(11)(10)(8)
Accumulated other comprehensive loss(14)(15)(15)(11)(10)(8)
Other undisclosed stockholders' equity(11)6482107154341
Total stockholders' equity:(25)496795143332
TOTAL LIABILITIES AND EQUITY:710822827743786980

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues302477439296311458
Revenue, net296311458
Cost of revenue(174)(317)(308)(193)(191)(291)
Cost of goods and services sold (125)(127)(161)(166)(266)
Other cost of operating revenue   (32)(25)(25)
Gross profit:127159130102120167
Operating expenses(136)(127)(115)(104)(216)(277)
Operating income (loss):(9)3216(2)(95)(110)
Nonoperating income (expense)(4)1(2)0(2)(4)
Foreign currency transaction gain (loss), before tax(0)10(0)01
Other nonoperating income (expense)(4)1(2)0(2)(5)
Interest and debt expense(54)(53)(53)(43)(37)(32)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes7257(2)(0)
Loss from continuing operations before income taxes:(60)(18)(34)(38)(136)(147)
Income tax expense (benefit)(3)(3)(3)(3)(2)0
Loss from continuing operations:(63)(21)(37)(40)(138)(147)
Loss from discontinued operations(11)     
Net loss attributable to parent:(74)(21)(37)(40)(138)(147)
Preferred stock dividends and other adjustments3030    
Net income (loss) available to common stockholders, diluted:(43)9(37)(40)(138)(147)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(74)(21)(37)(40)(138)(147)
Other comprehensive income (loss)01 (1)(2)(5)
Other undisclosed comprehensive loss  (4)(0)  
Comprehensive loss, net of tax, attributable to parent:(74)(20)(41)(42)(140)(152)

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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