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 investments2112195
Cash and cash equivalents2112195
Restricted cash and investments 16     
Receivables259252443290237380413
Inventory, net of allowances, customer advances and progress billings446568664547
Inventory446568664547 
Derivative instruments and hedges, assets573576338015
Prepaid expense and other current assets16
Other undisclosed current assets8111110222374
Total current assets:369379531373336538522
Noncurrent Assets
Operating lease, right-of-use asset59
Property, plant and equipment2,8392,0301,8212,0983,3113,8943,905
Long-term investments and receivables9801,1881,1831,115254295151
Long-term investments9801,1881,1831,115254295151
Intangible assets, net (including goodwill)1,0396927458561,8963,7233,913
Goodwill2191391481991,0862,4922,552
Intangible assets, net (excluding goodwill)8205545976578101,2311,360
Other noncurrent assets5566711 
Prepaid expense and other noncurrent assets32
Total noncurrent assets:4,9213,9153,7544,0765,4687,9238,001
TOTAL ASSETS:5,2914,2954,2854,4495,8048,4618,523
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:36732510691106155177
Accounts payable198213   241379
Accrued liabilities169112   5340
Taxes payable  011215
Other undisclosed accounts payable and accrued liabilities  10689105(141)(257)
Debt0111145
Derivative instruments and hedges, liabilities56492972535
Deferred revenue and credits   122
Other undisclosed current liabilities  349217144229377
Total current liabilities:372332505337258425596
Noncurrent Liabilities
Long-term debt and lease obligation2,3131,7521,4911,5232,5432,3982,266
Long-term debt, excluding current maturities2,2671,7521,4911,5232,5432,3932,261
Capital lease obligations    55
Operating lease, liability46
Liabilities, other than long-term debt341242108505659158
Deferred revenue113
Contract with customer, liability65
Deferred tax liabilities, net33581217
Deferred income tax liabilities3
Other liabilities225174105454847140
Other undisclosed noncurrent liabilities(113)      
Total noncurrent liabilities:2,5411,9941,5991,5732,5992,4572,423
Total liabilities:2,9132,3262,1041,9102,8572,8823,019
Temporary equity, carrying amount425      
Stockholders' equity
Other undisclosed stockholders' equity1,953      
Total stockholders' equity:1,953      
Other undisclosed liabilities and equity 1,9682,1812,5392,9475,5795,504
TOTAL LIABILITIES AND EQUITY:5,2914,2954,2854,4495,8048,4618,523

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
Revenues3,1113,6543,8812,5212,6333,9311,427
Revenue, net4195512,63331,323
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:610525506595749766424
Operating expenses(203)(411)(424)  (589)(198)
Other undisclosed operating loss  (161)(704)(2,834)(59)(198)
Operating income (loss):407114(79)(109)(2,085)11828
Nonoperating income
(Other Nonoperating income)
10111  
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:29814(215)(223)(2,244)(9)(50)
Income (loss) from equity method investments35534832(61)(1)(0)
Other undisclosed income from continuing operations before income taxes     1 
Income (loss) from continuing operations before income taxes:33367(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:33267(167)(192)(2,304)(10)(51)
Other undisclosed net income0     0
Net income (loss):33267(167)(192)(2,304)(10)(51)
Net income (loss) attributable to noncontrolling interest(29)(16)(25)(24)6376757
Net income (loss) attributable to parent:30451(192)(216)(1,667)567
Preferred stock dividends and other adjustments(15)      
Net income (loss) available to common stockholders, diluted:28951(192)(216)(1,667)567

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):33267(167)(192)(2,304)(10)(51)
Other undisclosed comprehensive income (loss) (1)(1)1(3)  
Comprehensive income (loss):33266(167)(191)(2,306)(10)(51)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(29)(16)(25)(24)63767(57)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (67)57
Comprehensive income (loss), net of tax, attributable to parent:30450(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.

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