DCP Midstream, LP (DCP) financial statements (2022 and earlier)

Company profile

Business Address 6900 EAST LAYTON AVENUE
DENVER, CO 80237
State of Incorp. DE
Fiscal Year End December 31
SIC 4922 - Natural Gas Transmission (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments15218 1
Cash and cash equivalents15218 1
Restricted cash and investments1281435 34
Receivables1,425820597 1,206
Inventory, net of allowances, customer advances and progress billings773826 79
Inventory773826 79
Derivative instruments and hedges, assets8663252 108
Other current assets322130 16
Other undisclosed current assets    (173)
Total current assets:1,7491,008958 1,271
Noncurrent Assets
Finance lease, right-of-use asset282521 
Operating lease, right-of-use asset1048598 
Property, plant and equipment7,7017,9938,180 9,135
Long-term investments and receivables3,5783,6413,681 3,340
Long-term investments3,5783,6413,681 3,340
Intangible assets, net (including goodwill)394448 328
Goodwill    231
Intangible assets, net (excluding goodwill)394448 97
Derivative instruments and hedges101653 8
Regulated entity, other noncurrent assets383836 30
Restricted cash and investments  11  
Other noncurrent assets199170170 184
Other undisclosed noncurrent assets(66)(63)(68) (30)
Total noncurrent assets:11,63111,94912,230 12,995
TOTAL ASSETS:13,38012,95713,188 14,266
Current Liabilities
Accounts payable and accrued liabilities1,190777197 1,006
Accounts payable1,00056336 807
Employee-related liabilities607025 64
Taxes payable515969 64
Interest and dividends payable798567 71
Debt3555053 525
Derivative instruments and hedges, liabilities14556192 91
Due to related parties20516197 96
Other liabilities115122148 100
Other undisclosed current liabilities  329 86
Total current liabilities:2,0101,621966 1,904
Noncurrent Liabilities
Long-term debt and lease obligation5,0785,1195,921 4,782
Long-term debt, excluding current maturities5,0785,1195,921 4,782
Liabilities, other than long-term debt323280302 251
Deferred income tax liabilities343030 
Other liabilities259243226 243
Derivative instruments and hedges, liabilities30746 8
Other undisclosed noncurrent liabilities937683 32
Total noncurrent liabilities:5,4945,4756,306 5,065
Total liabilities:7,5047,0967,272 6,969
Stockholders' equity
Stockholders' equity attributable to parent(6)(7)(7) (8)
Accumulated other comprehensive loss(6)(7)(7) (8)
Other undisclosed stockholders' equity5,8825,8685,923 7,305
Total stockholders' equity:5,8765,8615,916 7,297
TOTAL LIABILITIES AND EQUITY:13,38012,95713,188 14,266

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

Revenues10,7076,302  9,822
Revenue, net9,374
Cost of revenue(9,296)(5,513)  (8,030)
Cost of goods and services sold56  (8,019)
Other undisclosed gross profit31770  11
Gross profit:1,4421,559  1,803
Operating expenses(1,246)(1,236)  (1,569)
Other operating income (expense), net(5)15  (11)
Other undisclosed operating loss(26)(785)   
Operating income (loss):165(447)  223
Interest and debt expense(299)(302)  (288)
Loss from continuing operations before equity method investments, income taxes:(134)(749)  (65)
Income from equity method investments535447  370
Income (loss) from continuing operations before income taxes:401(302)  305
Income tax expense(6)   (3)
Net income (loss):395(302)  302
Net loss attributable to noncontrolling interest(4)(4)  (4)
Net income (loss) available to common stockholders, diluted:391(306)  298

Comprehensive Income ($ in millions)

Net income (loss):395(302)  302
Other comprehensive income1   1
Comprehensive income (loss):396(302)  303
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(4)  (4)
Comprehensive income (loss), net of tax, attributable to parent:392(306)  299

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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