Crestwood Equity Partners LP (CEQP) financial statements (2021 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)

12/31/2020
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 investments142611219
Cash and cash equivalents142611219
Restricted cash and investments  16    
Receivables262242252443290237380
Inventory, net of allowances, customer advances and progress billings89546568664547
Inventory89546568664547
Derivative instruments and hedges, assets274335763380
Other undisclosed current assets13121111102223
Total current assets:406376379531373336538
Noncurrent Assets
Operating lease, right-of-use asset3754
Property, plant and equipment2,9172,9092,0301,8212,0983,3113,894
Long-term investments and receivables9449801,1881,1831,115254295
Long-term investments9449801,1881,1831,115254295
Intangible assets, net (including goodwill)9331,0246927458561,8963,723
Goodwill1392191391481991,0862,492
Intangible assets, net (excluding goodwill)7948055545976578101,231
Other noncurrent assets76566711
Total noncurrent assets:4,8384,9733,9153,7544,0765,4687,923
TOTAL ASSETS:5,2445,3494,2954,2854,4495,8048,461
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:28235132510691106155
Accounts payable160189213   241
Accrued liabilities122162112   53
Taxes payable   0112
Other undisclosed accounts payable and accrued liabilities   10689105(141)
Debt0011114
Derivative instruments and hedges, liabilities76764929725
Business combination, contingent consideration, liability19      
Deferred revenue and credits   12
Other undisclosed current liabilities   349217144229
Total current liabilities:378358332505337258425
Noncurrent Liabilities
Long-term debt and lease obligation2,4842,3701,7521,4911,5232,5432,398
Long-term debt, excluding current maturities2,4842,3281,7521,4911,5232,5432,393
Capital lease obligations    5
Operating lease, liability 42
Liabilities, other than long-term debt294539242108505659
Deferred revenue 145
Contract with customer, liability65
Asset retirement obligations 33     
Deferred tax liabilities, net335812
Deferred income tax liabilities33
Other liabilities253302174105454847
Business combination, contingent consideration, liability3857     
Other undisclosed noncurrent liabilities (277)     
Total noncurrent liabilities:2,7782,6331,9941,5991,5732,5992,457
Total liabilities:3,1562,9902,3262,1041,9102,8572,882
Temporary equity, carrying amount433426     
Stockholders' equity
Other undisclosed stockholders' equity1,6551,933     
Total stockholders' equity:1,6551,933     
Other undisclosed liabilities and equity  1,9682,1812,5392,9475,579
TOTAL LIABILITIES AND EQUITY:5,2445,3494,2954,2854,4495,8048,461

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,2543,1823,6543,8812,5212,6333,931
Revenue, net4195512,6333
Cost of revenue(1,601)(2,545)(3,129)(3,375)(1,925)(1,884)(3,165)
Cost of goods and services sold   (3,359)(1,925)(1,884)(3,165)
Gross profit:654637525506595749766
Operating expenses(567)(235)(411)(424)  (589)
Other undisclosed operating loss   (161)(704)(2,834)(59)
Operating income (loss):87402114(79)(109)(2,085)118
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)10111 
Interest and debt expense(134)(115)(100)(137)(115)(160)(127)
Income (loss) from continuing operations before equity method investments, income taxes:(47)28714(215)(223)(2,244)(9)
Income (loss) from equity method investments3333534832(61)(1)
Other undisclosed income from continuing operations before income taxes      1
Income (loss) from continuing operations before income taxes:(15)32067(167)(192)(2,305)(9)
Income tax expense (benefit)(0)(0)(0)1(0)1(1)
Net income (loss):(15)32067(167)(192)(2,304)(10)
Net income (loss) attributable to noncontrolling interest(41)(35)(16)(25)(24)63767
Net income (loss) available to common stockholders, basic:(56)28551(192)(216)(1,667)56
Other undisclosed net loss available to common stockholders, diluted(60)(60)     
Net income (loss) available to common stockholders, diluted:(116)22551(192)(216)(1,667)56

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(15)32067(167)(192)(2,304)(10)
Other undisclosed comprehensive income (loss) 0(1)(1)1(3) 
Comprehensive income (loss):(15)32066(167)(191)(2,306)(10)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(41)(35)(16)(25)(24)63767
Other undisclosed comprehensive loss, net of tax, attributable to parent      (67)
Comprehensive income (loss), net of tax, attributable to parent:(56)28550(193)(216)(1,670)(11)

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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