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 investments | 13 | 14 | 26 | 1 | 1 | 2 | 1 | ||
| Cash and cash equivalents | 13 | 14 | 26 | 1 | 1 | 2 | 1 | ||
| Restricted cash and investments | 16 | ||||||||
| Receivables | 378 | 262 | 242 | 252 | 443 | 290 | 237 | ||
| Inventory, net of allowances, customer advances and progress billings | 157 | 89 | 54 | 65 | 68 | 66 | 45 | ||
| Inventory | 157 | 89 | 54 | 65 | 68 | 66 | 45 | ||
| Derivative instruments and hedges, assets | 42 | 27 | 43 | 35 | 7 | 6 | 33 | ||
| Other undisclosed current assets | 15 | 13 | 12 | 11 | 11 | 10 | 22 | ||
| Total current assets: | 605 | 406 | 376 | 379 | 531 | 373 | 336 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 27 | 37 | 54 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 2,779 | 2,917 | 2,909 | 2,030 | 1,821 | 2,098 | 3,311 | ||
| Long-term investments and receivables | 156 | 944 | 980 | 1,188 | 1,183 | 1,115 | 254 | ||
| Long-term investments | 156 | 944 | 980 | 1,188 | 1,183 | 1,115 | 254 | ||
| Intangible assets, net (including goodwill) | 872 | 933 | 1,024 | 692 | 745 | 856 | 1,896 | ||
| Goodwill | 139 | 139 | 219 | 139 | 148 | 199 | 1,086 | ||
| Intangible assets, net (excluding goodwill) | 733 | 794 | 805 | 554 | 597 | 657 | 810 | ||
| Other noncurrent assets | 7 | 7 | 6 | 5 | 6 | 6 | 7 | ||
| Total noncurrent assets: | 3,841 | 4,838 | 4,973 | 3,915 | 3,754 | 4,076 | 5,468 | ||
| TOTAL ASSETS: | 4,446 | 5,244 | 5,349 | 4,295 | 4,285 | 4,449 | 5,804 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 484 | 282 | 351 | 325 | 106 | 91 | 106 | ||
| Accounts payable | 337 | 160 | 189 | 213 | |||||
| Accrued liabilities | 147 | 122 | 162 | 112 | |||||
| Taxes payable | 0 | 1 | 1 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 106 | 89 | 105 | ||||||
| Debt | 0 | 0 | 0 | 1 | 1 | 1 | 1 | ||
| Derivative instruments and hedges, liabilities | 115 | 76 | 7 | 6 | 49 | 29 | 7 | ||
| Business combination, contingent consideration, liability | 19 | ||||||||
| Other undisclosed current liabilities | 349 | 217 | 144 | ||||||
| Total current liabilities: | 598 | 378 | 358 | 332 | 505 | 337 | 258 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,052 | 2,484 | 2,370 | 1,752 | 1,491 | 1,523 | 2,543 | ||
| Long-term debt, excluding current maturities | 2,052 | 2,484 | 2,328 | 1,752 | 1,491 | 1,523 | 2,543 | ||
| Operating lease, liability | 42 | ✕ | ✕ | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 261 | 294 | 539 | 242 | 108 | 50 | 56 | ||
| Deferred revenue | 145 | ✕ | ✕ | ✕ | ✕ | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | 65 | ✕ | ✕ | ✕ | ||
| Asset retirement obligations | 33 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 3 | 3 | 5 | 8 | ||
| Deferred income tax liabilities | 2 | 3 | 3 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 259 | 253 | 302 | 174 | 105 | 45 | 48 | ||
| Business combination, contingent consideration, liability | 38 | 57 | |||||||
| Other undisclosed noncurrent liabilities | (277) | ||||||||
| Total noncurrent liabilities: | 2,313 | 2,778 | 2,633 | 1,994 | 1,599 | 1,573 | 2,599 | ||
| Total liabilities: | 2,912 | 3,156 | 2,990 | 2,326 | 2,104 | 1,910 | 2,857 | ||
| Temporary equity, carrying amount | 435 | 433 | 426 | ||||||
| Stockholders' equity | |||||||||
| Other undisclosed stockholders' equity | 1,100 | 1,655 | 1,933 | ||||||
| Total stockholders' equity: | 1,100 | 1,655 | 1,933 | ||||||
| Other undisclosed liabilities and equity | 1,968 | 2,181 | 2,539 | 2,947 | |||||
| TOTAL LIABILITIES AND EQUITY: | 4,446 | 5,244 | 5,349 | 4,295 | 4,285 | 4,449 | 5,804 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,569 | 2,254 | 3,182 | 3,654 | 3,881 | 2,521 | 2,633 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 419 | 551 | 2,633 | |
| 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: | 725 | 654 | 637 | 525 | 506 | 595 | 749 | |
| Operating expenses | (502) | (567) | (235) | (411) | (424) | |||
| Other undisclosed operating loss | (161) | (704) | (2,834) | |||||
| Operating income (loss): | 223 | 87 | 402 | 114 | (79) | (109) | (2,085) | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 0 | (1) | 1 | 0 | 1 | 1 | 1 | |
| Interest and debt expense | (140) | (134) | (115) | (100) | (137) | (115) | (160) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 83 | (47) | 287 | 14 | (215) | (223) | (2,244) | |
| Income (loss) from equity method investments | (120) | 33 | 33 | 53 | 48 | 32 | (61) | |
| Income (loss) from continuing operations before income taxes: | (37) | (15) | 320 | 67 | (167) | (192) | (2,305) | |
| Income tax expense (benefit) | (0) | (0) | (0) | (0) | 1 | (0) | 1 | |
| Net income (loss): | (37) | (15) | 320 | 67 | (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) | 285 | 51 | (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) | 225 | 51 | (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) | 320 | 67 | (167) | (192) | (2,304) | |
| Other undisclosed comprehensive income (loss) | 0 | (1) | (1) | 1 | (3) | |||
| Comprehensive income (loss): | (37) | (15) | 320 | 66 | (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) | 285 | 50 | (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.