Crestwood Equity Partners LP (CEQP) financial statements (2020 and earlier)
Company profile
| Business Address |
811 MAIN STREET HOUSTON, TX 77002 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 596 - Nonstore Retailers (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2 | 1 | 1 | 2 | 1 | 9 | 5 | ||
| Cash and cash equivalents | 2 | 1 | 1 | 2 | 1 | 9 | 5 | ||
| Restricted cash and investments | 16 | ||||||||
| Receivables | 259 | 252 | 443 | 290 | 237 | 380 | 413 | ||
| Inventory, net of allowances, customer advances and progress billings | 44 | 65 | 68 | 66 | 45 | 47 | ✕ | ||
| Inventory | 44 | 65 | 68 | 66 | 45 | 47 | |||
| Derivative instruments and hedges, assets | 57 | 35 | 7 | 6 | 33 | 80 | 15 | ||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 16 | ||
| Other undisclosed current assets | 8 | 11 | 11 | 10 | 22 | 23 | 74 | ||
| Total current assets: | 369 | 379 | 531 | 373 | 336 | 538 | 522 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 59 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 2,839 | 2,030 | 1,821 | 2,098 | 3,311 | 3,894 | 3,905 | ||
| Long-term investments and receivables | 980 | 1,188 | 1,183 | 1,115 | 254 | 295 | 151 | ||
| Long-term investments | 980 | 1,188 | 1,183 | 1,115 | 254 | 295 | 151 | ||
| Intangible assets, net (including goodwill) | 1,039 | 692 | 745 | 856 | 1,896 | 3,723 | 3,913 | ||
| Goodwill | 219 | 139 | 148 | 199 | 1,086 | 2,492 | 2,552 | ||
| Intangible assets, net (excluding goodwill) | 820 | 554 | 597 | 657 | 810 | 1,231 | 1,360 | ||
| Other noncurrent assets | 5 | 5 | 6 | 6 | 7 | 11 | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 32 | ||
| Total noncurrent assets: | 4,921 | 3,915 | 3,754 | 4,076 | 5,468 | 7,923 | 8,001 | ||
| TOTAL ASSETS: | 5,291 | 4,295 | 4,285 | 4,449 | 5,804 | 8,461 | 8,523 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 367 | 325 | 106 | 91 | 106 | 155 | 177 | ||
| Accounts payable | 198 | 213 | 241 | 379 | |||||
| Accrued liabilities | 169 | 112 | 53 | 40 | |||||
| Taxes payable | 0 | 1 | 1 | 2 | 15 | ||||
| Other undisclosed accounts payable and accrued liabilities | 106 | 89 | 105 | (141) | (257) | ||||
| Debt | 0 | 1 | 1 | 1 | 1 | 4 | 5 | ||
| Derivative instruments and hedges, liabilities | 5 | 6 | 49 | 29 | 7 | 25 | 35 | ||
| Deferred revenue and credits | ✕ | ✕ | 12 | 2 | |||||
| Other undisclosed current liabilities | 349 | 217 | 144 | 229 | 377 | ||||
| Total current liabilities: | 372 | 332 | 505 | 337 | 258 | 425 | 596 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,313 | 1,752 | 1,491 | 1,523 | 2,543 | 2,398 | 2,266 | ||
| Long-term debt, excluding current maturities | 2,267 | 1,752 | 1,491 | 1,523 | 2,543 | 2,393 | 2,261 | ||
| Capital lease obligations | ✕ | 5 | 5 | ||||||
| Operating lease, liability | 46 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 341 | 242 | 108 | 50 | 56 | 59 | 158 | ||
| Deferred revenue | 113 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | 65 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | 3 | 3 | 5 | 8 | 12 | 17 | ||
| Deferred income tax liabilities | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 225 | 174 | 105 | 45 | 48 | 47 | 140 | ||
| Other undisclosed noncurrent liabilities | (113) | ||||||||
| Total noncurrent liabilities: | 2,541 | 1,994 | 1,599 | 1,573 | 2,599 | 2,457 | 2,423 | ||
| Total liabilities: | 2,913 | 2,326 | 2,104 | 1,910 | 2,857 | 2,882 | 3,019 | ||
| Temporary equity, carrying amount | 425 | ||||||||
| Stockholders' equity | |||||||||
| Other undisclosed stockholders' equity | 1,953 | ||||||||
| Total stockholders' equity: | 1,953 | ||||||||
| Other undisclosed liabilities and equity | 1,968 | 2,181 | 2,539 | 2,947 | 5,579 | 5,504 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,291 | 4,295 | 4,285 | 4,449 | 5,804 | 8,461 | 8,523 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,111 | 3,654 | 3,881 | 2,521 | 2,633 | 3,931 | 1,427 | |
| Revenue, net | ✕ | ✕ | 419 | 551 | 2,633 | 3 | 1,323 | |
| Cost of revenue | (2,501) | (3,129) | (3,375) | (1,925) | (1,884) | (3,165) | (1,002) | |
| Cost of goods and services sold | (3,359) | (1,925) | (1,884) | (3,165) | 1,002 | |||
| Gross profit: | 610 | 525 | 506 | 595 | 749 | 766 | 424 | |
| Operating expenses | (203) | (411) | (424) | (589) | (198) | |||
| Other undisclosed operating loss | (161) | (704) | (2,834) | (59) | (198) | |||
| Operating income (loss): | 407 | 114 | (79) | (109) | (2,085) | 118 | 28 | |
| Nonoperating income (Other Nonoperating income) | 1 | 0 | 1 | 1 | 1 | |||
| Interest and debt expense | (110) | (100) | (137) | (115) | (160) | (127) | (78) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 0 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 298 | 14 | (215) | (223) | (2,244) | (9) | (50) | |
| Income (loss) from equity method investments | 35 | 53 | 48 | 32 | (61) | (1) | (0) | |
| Other undisclosed income from continuing operations before income taxes | 1 | |||||||
| Income (loss) from continuing operations before income taxes: | 333 | 67 | (167) | (192) | (2,305) | (9) | (50) | |
| Income tax expense (benefit) | (0) | (0) | 1 | (0) | 1 | (1) | (1) | |
| Income (loss) before gain (loss) on sale of properties: | 332 | 67 | (167) | (192) | (2,304) | (10) | (51) | |
| Other undisclosed net income | 0 | 0 | ||||||
| Net income (loss): | 332 | 67 | (167) | (192) | (2,304) | (10) | (51) | |
| Net income (loss) attributable to noncontrolling interest | (29) | (16) | (25) | (24) | 637 | 67 | 57 | |
| Net income (loss) attributable to parent: | 304 | 51 | (192) | (216) | (1,667) | 56 | 7 | |
| Preferred stock dividends and other adjustments | (15) | |||||||
| Net income (loss) available to common stockholders, diluted: | 289 | 51 | (192) | (216) | (1,667) | 56 | 7 | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 332 | 67 | (167) | (192) | (2,304) | (10) | (51) | |
| Other undisclosed comprehensive income (loss) | (1) | (1) | 1 | (3) | ||||
| Comprehensive income (loss): | 332 | 66 | (167) | (191) | (2,306) | (10) | (51) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (29) | (16) | (25) | (24) | 637 | 67 | (57) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (67) | 57 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 304 | 50 | (193) | (216) | (1,670) | (11) | (51) | |
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.