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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11521811
Cash and cash equivalents11521811
Restricted cash and investments93128143511134
Receivables1,3581,4258205971,0301,206
Inventory, net of allowances, customer advances and progress billings837738264679
Inventory837738264679
Derivative instruments and hedges, assets140866325232108
Other current assets273221301216
Other undisclosed current assets    (152)(173)
Total current assets:1,7021,7491,0089581,0801,271
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 32282521 
Operating lease, right-of-use asset1121048598 
Property, plant and equipment7,7637,7017,9938,1808,8119,135
Long-term investments and receivables3,4753,5783,6413,6813,7243,340
Long-term investments3,4753,5783,6413,6813,7243,340
Intangible assets, net (including goodwill)34394448220328
Goodwill     159231
Intangible assets, net (excluding goodwill)343944486197
Derivative instruments and hedges2610165328
Regulated entity, other noncurrent assets 353838363730
Restricted cash and investments    11  
Other noncurrent assets222199170170183184
Other undisclosed noncurrent assets (67)(66)(63)(68)70(30)
Total noncurrent assets:11,63211,63111,94912,23013,04712,995
TOTAL ASSETS:13,33413,38012,95713,18814,12714,266
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4581,1907771972661,006
Interest and dividends payable7985678071
Taxes payable5159696564
Employee-related liabilities6070255864
Accounts payable1,2501,0005633663807
Accrued liabilities208     
Debt5063555053603525
Derivative instruments and hedges, liabilities148145561925891
Due to related parties 2552051619710096
Other liabilities137115122148128100
Other undisclosed current liabilities   32963886
Total current liabilities:2,5042,0101,6219661,7931,904
Noncurrent Liabilities
Long-term debt and lease obligation4,3575,0785,1195,9215,3214,782
Long-term debt, excluding current maturities4,3575,0785,1195,9215,3214,782
Liabilities, other than long-term debt342323280302262251
Deferred income tax liabilities33343030 
Other liabilities274259243226242243
Operating lease, liability     
Derivative instruments and hedges, liabilities3530746208
Other undisclosed noncurrent liabilities9593768311832
Total noncurrent liabilities:4,7945,4945,4756,3065,7015,065
Total liabilities:7,2987,5047,0967,2727,4946,969
Equity
Equity, attributable to parent(6)(6)(7)(7)(7)(8)
Accumulated other comprehensive loss(6)(6)(7)(7)(7)(8)
Other undisclosed equity6,0425,8825,8685,9236,6407,305
Total equity:6,0365,8765,8615,9166,6337,297
TOTAL LIABILITIES AND EQUITY:13,33413,38012,95713,18814,12714,266

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
Revenues14,99310,7076,302 7,6259,822
Revenue, net9,374
Cost of revenue(12,903)(9,296)(5,513) (6,368)(8,030)
Cost of goods and services sold(12)56 (6,022)(8,019)
Other undisclosed gross profit1331770 34611
Gross profit:2,1031,4421,559 1,6031,803
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):715165(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 investments620535447 474370
Income (loss) from continuing operations before income taxes:1,057401(302) 20305
Income tax expense (benefit)(1)(6)  (1)(3)
Income (loss) from continuing operations:1,056395(302) 19302
Income (loss) before gain (loss) on sale of properties:395(302) 19302
Other undisclosed net income     2 
Net income (loss):1,056395(302) 21302
Net loss attributable to noncontrolling interest(4)(4)(4) (4)(4)
Net income (loss) attributable to parent:1,052391(306) 17298
Preferred stock dividends and other adjustments13     
Other undisclosed net income available to common stockholders, basic      
Net income (loss) available to common stockholders, diluted:1,065391(306) 17298

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):1,056395(302) 21302
Other comprehensive income  1  11
Comprehensive income (loss):1,056396(302) 22303
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(4)(4) (4)(4)
Comprehensive income (loss), net of tax, attributable to parent:1,052392(306) 18299

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: