Calumet Specialty Products Partners, L.P. (CLMT) financial statements (2021 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)

12/31/2020
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 investments10919156164469
Cash and cash equivalents10919156164469
Restricted cash and investments   350   
Receivables160189198354239211350
Inventory, net of allowances, customer advances and progress billings255293284314386384514
Inventory255293284314386384514
Deferred costs      70
Derivative instruments and hedges, assets 118 1 23
Deposits current assets      2
Deferred tax assets    2
Other undisclosed current assets1011149118(63)
Total current assets:5355126701,192641609907
Noncurrent Assets
Operating lease, right-of-use asset8693
Property, plant and equipment9209741,0981,1591,6781,7191,464
Long-term investments and receivables  253510126137
Long-term investments  253510126137
Intangible assets, net (including goodwill)231243259279356426503
Goodwill173171171171177212246
Intangible assets, net (excluding goodwill)587188108179214258
Other noncurrent assets373735244064108
Total noncurrent assets:1,2731,3461,4181,4972,0842,3362,213
TOTAL ASSETS:1,8081,8582,0882,6892,7252,9453,120
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities248310272387380399497
Accounts payable179230201282296317420
Employee-related liabilities28362636123322
Taxes payable10121516211818
Interest and dividends payable32323153533138
Debt324354421
Derivative instruments and hedges, liabilities1  615346
Due to related parties     74 
Disposal group, including discontinued operation   2   
Other liabilities15259347410011940
Other undisclosed current liabilities140195105103   
Total current liabilities:545565415926498627544
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,3191,2101,6011,6381,9941,6981,713
Long-term debt, excluding current maturities1,3191,2101,6011,6381,9941,6981,713
Finance lease, liability32
Capital lease obligations4041444543
Operating lease, liability4533
Other undisclosed long-term debt and lease obligation(48)(35)(40)(41)(44)(45)(43)
Liabilities, other than long-term debt282965151653
Deferred tax liabilities, net  2232
Liability, pension and other postretirement and postemployment benefits9853111320
Other liabilities192122111
Other undisclosed noncurrent liabilities4533     
Total noncurrent liabilities:1,3921,2711,6071,6432,0081,7141,766
Total liabilities:1,9371,8362,0222,5692,5072,3412,310
Stockholders' equity
Stockholders' equity attributable to parent(12)(11)(9)(7)(8)(2)14
Accumulated other comprehensive income (loss)(12)(11)(9)(7)(8)(2)14
Other undisclosed stockholders' equity(116)3274127227606797
Total stockholders' equity:(129)2266120219604810
TOTAL LIABILITIES AND EQUITY:1,8081,8582,0882,6892,7252,9453,120

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
Revenues2,2683,4533,4983,7643,5994,2135,791
Revenue, net3,7643,5994,2135,791
Cost of revenue
(Cost of Goods and Services Sold)
(2,058)(3,001)(3,061)(3,266)(3,191)(3,618)(5,433)
Other undisclosed gross profit      171
Gross profit:210452437498408595530
Operating expenses(1)(199)(181)28(223)(293)(487)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
(17)4     
Other undisclosed operating income (loss)(265)(180)(133)(369)(225)(227)4
Operating income (loss):(72)76123158(40)7547
Nonoperating expense(76)(119)(173)(189)(297)(243)(160)
Investment income, nonoperating521034(10)(24)8 
Interest and debt expense(126)(2)(59)(183)(162)(47)(201)
Other undisclosed income from continuing operations before equity method investments, income taxes    16247201
Loss from continuing operations before equity method investments, income taxes:(274)(45)(109)(215)(336)(168)(113)
Other undisclosed income from continuing operations before income taxes126259183   
Loss from continuing operations before income taxes:(148)(43)(50)(31)(336)(168)(113)
Income tax expense (benefit)(1)(1)(1)08281
Loss from continuing operations:(149)(44)(51)(31)(329)(139)(112)
Loss from discontinued operations  (4)(73)   
Net loss available to common stockholders, diluted:(149)(44)(55)(104)(329)(139)(112)

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 loss:(149)(44)(55)(104)(329)(139)(112)
Other comprehensive income (loss)(2)(2)(2)1(7)(15)67
Comprehensive loss, net of tax, attributable to parent:(151)(46)(57)(103)(335)(155)(45)

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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