Calumet Specialty Products Partners, L.P. (CLMT) financial statements (2020 and earlier)

Company profile

Business Address 2780 WATERFRONT
INDIANAPOLIS, IN 46214
State of Incorp.
Fiscal Year End December 31
SIC 2911 - Petroleum Refining (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
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 investments19156164469121
Cash and cash equivalents19156164469121
Restricted cash and investments  350    
Receivables189198354239211350263
Inventory, net of allowances, customer advances and progress billings293284314386384514567
Inventory293284314386384514567
Deferred costs     7067
Derivative instruments and hedges, assets118 1 23 
Deposits current assets     24
Deferred tax assets    2 
Other undisclosed current assets11149118(63)(48)
Total current assets:5126701,192641609907974
Noncurrent Assets
Operating lease, right-of-use asset93
Property, plant and equipment9741,0981,1591,6781,7191,4641,160
Long-term investments and receivables 25351012613733
Long-term investments 25351012613733
Intangible assets, net (including goodwill)243259279356426503420
Goodwill171171171177212246207
Intangible assets, net (excluding goodwill)7188108179214258213
Other noncurrent assets3735244064108100
Total noncurrent assets:1,3461,4181,4972,0842,3362,2131,714
TOTAL ASSETS:1,8582,0882,6892,7252,9453,1202,688
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities310272387380399497388
Accounts payable230201282296317420356
Employee-related liabilities36263612332214
Taxes payable12151621181818
Interest and dividends payable323153533138 
Debt243544210
Derivative instruments and hedges, liabilities  61534655
Due to related parties    74  
Disposal group, including discontinued operation  2    
Other liabilities5934741001194036
Other undisclosed current liabilities195105103   23
Total current liabilities:565415926498627544502
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,2101,6011,6381,9941,6981,7131,110
Long-term debt, excluding current maturities1,2101,6011,6381,9941,6981,7131,110
Finance lease, liability2
Capital lease obligations40414445434
Operating lease, liability33
Other undisclosed long-term debt and lease obligation(35)(40)(41)(44)(45)(43)(4)
Liabilities, other than long-term debt29651516531
Deferred tax liabilities, net  2232 
Liability, pension and other postretirement and postemployment benefits853111320
Other liabilities21221111
Other undisclosed noncurrent liabilities33     12
Total noncurrent liabilities:1,2711,6071,6432,0081,7141,7661,123
Total liabilities:1,8362,0222,5692,5072,3412,3101,625
Stockholders' equity
Stockholders' equity attributable to parent(11)(9)(7)(8)(2)14(53)
Accumulated other comprehensive income (loss)(11)(9)(7)(8)(2)14(53)
Other undisclosed stockholders' equity32741272276067971,116
Total stockholders' equity:22661202196048101,063
TOTAL LIABILITIES AND EQUITY:1,8582,0882,6892,7252,9453,1202,688

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,4533,4983,7643,5994,2135,7915,421
Revenue, net3,7643,5994,2135,7915,421
Cost of revenue
(Cost of Goods and Services Sold)
(3,001)(3,061)(3,266)(3,191)(3,618)(5,433)(5,154)
Other undisclosed gross profit     171143
Gross profit:452437498408595530410
Operating expenses(199)(181)28(223)(293)(487)(325)
Other operating income, net
(Noninterest Income, Other Operating Income)
4      
Other undisclosed operating income (loss)(180)(133)(369)(225)(227)47
Operating income (loss):76123158(40)754792
Nonoperating expense(119)(173)(189)(297)(243)(160)(88)
Investment income, nonoperating1034(10)(24)8  
Interest and debt expense(2)(59)(183)(162)(47)(201)(111)
Other undisclosed income from continuing operations before equity method investments, income taxes   16247201111
Income (loss) from continuing operations before equity method investments, income taxes:(45)(109)(215)(336)(168)(113)4
Other undisclosed income from continuing operations before income taxes259183    
Income (loss) from continuing operations before income taxes:(43)(50)(31)(336)(168)(113)4
Income tax expense (benefit)(1)(1)08281(0)
Income (loss) from continuing operations:(44)(51)(31)(329)(139)(112)4
Loss from discontinued operations (4)(73)    
Net income (loss) available to common stockholders, diluted:(44)(55)(104)(329)(139)(112)4

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(44)(55)(104)(329)(139)(112)4
Other comprehensive income (loss)(2)(2)1(7)(15)67(28)
Comprehensive loss, net of tax, attributable to parent:(46)(57)(103)(335)(155)(45)(24)

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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