DCP Midstream, LP (DCP) Financial Statements (2024 and earlier)
Company Profile
Business Address |
6900 EAST LAYTON AVENUE DENVER, CO 80237 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 4922 - Natural Gas Transmission (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 3/31/2020 | 12/31/2019 | 12/31/2018 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 1 | 1 | 52 | 18 | 1 | 1 | |||
Cash and cash equivalents | 1 | 1 | 52 | 18 | 1 | 1 | |||
Restricted cash and investments | 93 | 128 | 14 | 35 | 111 | 34 | |||
Receivables | 1,358 | 1,425 | 820 | 597 | 1,030 | 1,206 | |||
Inventory, net of allowances, customer advances and progress billings | 83 | 77 | 38 | 26 | 46 | 79 | |||
Inventory | 83 | 77 | 38 | 26 | 46 | 79 | |||
Derivative instruments and hedges, assets | 140 | 86 | 63 | 252 | 32 | 108 | |||
Other current assets | 27 | 32 | 21 | 30 | 12 | 16 | |||
Other undisclosed current assets | (152) | (173) | |||||||
Total current assets: | 1,702 | 1,749 | 1,008 | 958 | 1,080 | 1,271 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 32 | 28 | 25 | 21 | ✕ | ||||
Operating lease, right-of-use asset | 112 | 104 | 85 | 98 | ✕ | ||||
Property, plant and equipment | 7,763 | 7,701 | 7,993 | 8,180 | 8,811 | 9,135 | |||
Long-term investments and receivables | 3,475 | 3,578 | 3,641 | 3,681 | 3,724 | 3,340 | |||
Long-term investments | 3,475 | 3,578 | 3,641 | 3,681 | 3,724 | 3,340 | |||
Intangible assets, net (including goodwill) | 34 | 39 | 44 | 48 | 220 | 328 | |||
Goodwill | 159 | 231 | |||||||
Intangible assets, net (excluding goodwill) | 34 | 39 | 44 | 48 | 61 | 97 | |||
Derivative instruments and hedges | 26 | 10 | 16 | 53 | 2 | 8 | |||
Regulated entity, other noncurrent assets | 35 | 38 | 38 | 36 | 37 | 30 | |||
Restricted cash and investments | 11 | ||||||||
Other noncurrent assets | 222 | 199 | 170 | 170 | 183 | 184 | |||
Other undisclosed noncurrent assets | (67) | (66) | (63) | (68) | 70 | (30) | |||
Total noncurrent assets: | 11,632 | 11,631 | 11,949 | 12,230 | 13,047 | 12,995 | |||
TOTAL ASSETS: | 13,334 | 13,380 | 12,957 | 13,188 | 14,127 | 14,266 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 1,458 | 1,190 | 777 | 197 | 266 | 1,006 | |||
Interest and dividends payable | ✕ | ✕ | 79 | 85 | 67 | 80 | 71 | ||
Taxes payable | ✕ | ✕ | 51 | 59 | 69 | 65 | 64 | ||
Employee-related liabilities | ✕ | ✕ | 60 | 70 | 25 | 58 | 64 | ||
Accounts payable | 1,250 | 1,000 | 563 | 36 | 63 | 807 | |||
Accrued liabilities | 208 | ||||||||
Debt | 506 | 355 | 505 | 3 | 603 | 525 | |||
Derivative instruments and hedges, liabilities | 148 | 145 | 56 | 192 | 58 | 91 | |||
Due to related parties | 255 | 205 | 161 | 97 | 100 | 96 | |||
Other liabilities | 137 | 115 | 122 | 148 | 128 | 100 | |||
Other undisclosed current liabilities | 329 | 638 | 86 | ||||||
Total current liabilities: | 2,504 | 2,010 | 1,621 | 966 | 1,793 | 1,904 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 4,357 | 5,078 | 5,119 | 5,921 | 5,321 | 4,782 | |||
Long-term debt, excluding current maturities | 4,357 | 5,078 | 5,119 | 5,921 | 5,321 | 4,782 | |||
Liabilities, other than long-term debt | 342 | 323 | 280 | 302 | 262 | 251 | |||
Deferred income tax liabilities | 33 | 34 | 30 | 30 | ✕ | ||||
Other liabilities | 274 | 259 | 243 | 226 | 242 | 243 | |||
Operating lease, liability | ✕ | ||||||||
Derivative instruments and hedges, liabilities | 35 | 30 | 7 | 46 | 20 | 8 | |||
Other undisclosed noncurrent liabilities | 95 | 93 | 76 | 83 | 118 | 32 | |||
Total noncurrent liabilities: | 4,794 | 5,494 | 5,475 | 6,306 | 5,701 | 5,065 | |||
Total liabilities: | 7,298 | 7,504 | 7,096 | 7,272 | 7,494 | 6,969 | |||
Equity | |||||||||
Equity, attributable to parent | (6) | (6) | (7) | (7) | (7) | (8) | |||
Accumulated other comprehensive loss | (6) | (6) | (7) | (7) | (7) | (8) | |||
Other undisclosed equity | 6,042 | 5,882 | 5,868 | 5,923 | 6,640 | 7,305 | |||
Total equity: | 6,036 | 5,876 | 5,861 | 5,916 | 6,633 | 7,297 | |||
TOTAL LIABILITIES AND EQUITY: | 13,334 | 13,380 | 12,957 | 13,188 | 14,127 | 14,266 |
Income Statement (P&L) ($ in millions)
6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 3/31/2020 | 12/31/2019 | 12/31/2018 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 14,993 | 10,707 | 6,302 | 7,625 | 9,822 | |||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 9,374 | |
Cost of revenue | (12,903) | (9,296) | (5,513) | (6,368) | (8,030) | |||
Cost of goods and services sold | (12) | 5 | 6 | (6,022) | (8,019) | |||
Other undisclosed gross profit | 13 | 31 | 770 | 346 | 11 | |||
Gross profit: | 2,103 | 1,442 | 1,559 | 1,603 | 1,803 | |||
Operating expenses | (1,375) | (1,246) | (1,236) | (1,407) | (1,569) | |||
Other operating income (expense), net | (3) | (5) | 15 | 8 | (11) | |||
Other undisclosed operating loss | (10) | (26) | (785) | (354) | ||||
Operating income (loss): | 715 | 165 | (447) | (150) | 223 | |||
Interest and debt expense | (278) | (299) | (302) | (304) | (288) | |||
Income (loss) from continuing operations before equity method investments, income taxes: | 437 | (134) | (749) | (454) | (65) | |||
Income from equity method investments | 620 | 535 | 447 | 474 | 370 | |||
Income (loss) from continuing operations before income taxes: | 1,057 | 401 | (302) | 20 | 305 | |||
Income tax expense (benefit) | (1) | (6) | (1) | (3) | ||||
Income (loss) from continuing operations: | 1,056 | 395 | (302) | 19 | 302 | |||
Income (loss) before gain (loss) on sale of properties: | ✕ | 395 | (302) | 19 | 302 | |||
Other undisclosed net income | 2 | |||||||
Net income (loss): | 1,056 | 395 | (302) | 21 | 302 | |||
Net loss attributable to noncontrolling interest | (4) | (4) | (4) | (4) | (4) | |||
Net income (loss) attributable to parent: | 1,052 | 391 | (306) | 17 | 298 | |||
Preferred stock dividends and other adjustments | 13 | |||||||
Other undisclosed net income available to common stockholders, basic | ||||||||
Net income (loss) available to common stockholders, diluted: | 1,065 | 391 | (306) | 17 | 298 |
Comprehensive Income ($ in millions)
6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 3/31/2020 | 12/31/2019 | 12/31/2018 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | 1,056 | 395 | (302) | 21 | 302 | |||
Other comprehensive income | 1 | 1 | 1 | |||||
Comprehensive income (loss): | 1,056 | 396 | (302) | 22 | 303 | |||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (4) | (4) | (4) | (4) | (4) | |||
Comprehensive income (loss), net of tax, attributable to parent: | 1,052 | 392 | (306) | 18 | 299 |
Statements Sources
The financial statements are based on the Company's filings with 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.