Crestwood Equity Partners LP (CEQP) financial statements (2022 and earlier)

Company profile

Business Address 811 MAIN STREET
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
SIC 4923 - Natural Gas Transmission and Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 investments1314261121
Cash and cash equivalents1314261121
Restricted cash and investments   16   
Receivables378262242252443290237
Inventory, net of allowances, customer advances and progress billings157895465686645
Inventory157895465686645
Derivative instruments and hedges, assets422743357633
Other undisclosed current assets15131211111022
Total current assets:605406376379531373336
Noncurrent Assets
Operating lease, right-of-use asset273754
Property, plant and equipment2,7792,9172,9092,0301,8212,0983,311
Long-term investments and receivables1569449801,1881,1831,115254
Long-term investments1569449801,1881,1831,115254
Intangible assets, net (including goodwill)8729331,0246927458561,896
Goodwill1391392191391481991,086
Intangible assets, net (excluding goodwill)733794805554597657810
Other noncurrent assets7765667
Total noncurrent assets:3,8414,8384,9733,9153,7544,0765,468
TOTAL ASSETS:4,4465,2445,3494,2954,2854,4495,804
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:48428235132510691106
Accounts payable337160189213   
Accrued liabilities147122162112   
Taxes payable    011
Other undisclosed accounts payable and accrued liabilities    10689105
Debt0001111
Derivative instruments and hedges, liabilities115767649297
Business combination, contingent consideration, liability 19     
Other undisclosed current liabilities    349217144
Total current liabilities:598378358332505337258
Noncurrent Liabilities
Long-term debt and lease obligation2,0522,4842,3701,7521,4911,5232,543
Long-term debt, excluding current maturities2,0522,4842,3281,7521,4911,5232,543
Operating lease, liability  42
Liabilities, other than long-term debt2612945392421085056
Deferred revenue  145
Contract with customer, liability65
Asset retirement obligations  33    
Deferred tax liabilities, net3358
Deferred income tax liabilities233
Other liabilities2592533021741054548
Business combination, contingent consideration, liability 3857    
Other undisclosed noncurrent liabilities  (277)    
Total noncurrent liabilities:2,3132,7782,6331,9941,5991,5732,599
Total liabilities:2,9123,1562,9902,3262,1041,9102,857
Temporary equity, carrying amount435433426    
Stockholders' equity
Other undisclosed stockholders' equity1,1001,6551,933    
Total stockholders' equity:1,1001,6551,933    
Other undisclosed liabilities and equity   1,9682,1812,5392,947
TOTAL LIABILITIES AND EQUITY:4,4465,2445,3494,2954,2854,4495,804

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,5692,2543,1823,6543,8812,5212,633
Revenue, net4195512,633
Cost of revenue(3,844)(1,601)(2,545)(3,129)(3,375)(1,925)(1,884)
Cost of goods and services sold    (3,359)(1,925)(1,884)
Gross profit:725654637525506595749
Operating expenses(502)(567)(235)(411)(424)  
Other undisclosed operating loss    (161)(704)(2,834)
Operating income (loss):22387402114(79)(109)(2,085)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0(1)10111
Interest and debt expense(140)(134)(115)(100)(137)(115)(160)
Income (loss) from continuing operations before equity method investments, income taxes:83(47)28714(215)(223)(2,244)
Income (loss) from equity method investments(120)3333534832(61)
Income (loss) from continuing operations before income taxes:(37)(15)32067(167)(192)(2,305)
Income tax expense (benefit)(0)(0)(0)(0)1(0)1
Net income (loss):(37)(15)32067(167)(192)(2,304)
Net income (loss) attributable to noncontrolling interest(41)(41)(35)(16)(25)(24)637
Net income (loss) available to common stockholders, basic:(79)(56)28551(192)(216)(1,667)
Other undisclosed net loss available to common stockholders, diluted(60)(60)(60)    
Net income (loss) available to common stockholders, diluted:(139)(116)22551(192)(216)(1,667)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(37)(15)32067(167)(192)(2,304)
Other undisclosed comprehensive income (loss)  0(1)(1)1(3)
Comprehensive income (loss):(37)(15)32066(167)(191)(2,306)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(41)(41)(35)(16)(25)(24)637
Comprehensive income (loss), net of tax, attributable to parent:(79)(56)28550(193)(216)(1,670)

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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