DCP Midstream LP (DCP) financial statements (2021 and earlier)

Company profile

Business Address 370 17TH STREET
DENVER, CO 80202
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 investments 115612
Cash and cash equivalents 115612
Restricted cash and investments 3475  
Receivables 1,2061,1899481
Inventory, net of allowances, customer advances and progress billings 79684443
Inventory 79684443
Derivative instruments and hedges, assets 1083016105
Other current assets 1612102
Other undisclosed current assets (173)(208)6273
Total current assets: 1,2711,322227306
Noncurrent Assets
Property, plant and equipment 9,1358,9833,2723,476
Long-term investments and receivables 3,3403,0501,4751,493
Long-term investments 3,3403,0501,4751,493
Intangible assets, net (including goodwill) 328337175184
Goodwill 2312317272
Intangible assets, net (excluding goodwill) 97106103112
Derivative instruments and hedges 83 9
Regulated entity, other noncurrent assets 30291114
Other noncurrent assets 184183129
Other undisclosed noncurrent assets (30)(29)(11)(14)
Total noncurrent assets: 12,99512,5564,9345,171
TOTAL ASSETS: 14,26613,8785,1615,477
Current Liabilities
Accounts payable and accrued liabilities 1,0061,183145129
Accounts payable 80798910898
Employee-related liabilities 6465  
Taxes payable 64581912
Interest and dividends payable 71711819
Debt 525 500 
Derivative instruments and hedges, liabilities 91762918
Due to related parties 96683119
Other liabilities 1001032934
Other undisclosed current liabilities 8658  
Total current liabilities: 1,9041,488734200
Noncurrent Liabilities
Long-term debt and lease obligation 4,7824,7071,7502,424
Long-term debt, excluding current maturities 4,7824,7071,7502,424
Liabilities, other than long-term debt 2512164448
Other liabilities 2432014447
Derivative instruments and hedges, liabilities 815 1
Other undisclosed noncurrent liabilities 3229  
Total noncurrent liabilities: 5,0654,9521,7942,472
Total liabilities: 6,9696,4402,5282,672
Stockholders' equity
Stockholders' equity attributable to parent (8)(9)(8)(8)
Accumulated other comprehensive loss (8)(9)(8)(8)
Other undisclosed stockholders' equity 7,3057,4472,6412,813
Total stockholders' equity: 7,2977,4382,6332,805
TOTAL LIABILITIES AND EQUITY: 14,26613,8785,1615,477

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

Revenues 9,8228,4621,4971,898
Revenue, net9,3748,5021,5171,813
Cost of revenue (8,030)(6,887)(949)(1,254)
Cost of goods and services sold (8,019)(6,887)(949)(1,254)
Other undisclosed gross profit 11238
Gross profit: 1,8031,577551652
Operating expenses (1,569)(1,378)(395)(503)
Other operating income (expense), net (11)(11)74
Other undisclosed operating income (loss)  3435(6)
Operating income: 223222198147
Interest and debt expense (288)(289)(94)(92)
Income (loss) from continuing operations before equity method investments, income taxes: (65)(67)10455
Income from equity method investments 370303214173
Income from continuing operations before income taxes: 305236318228
Income tax expense (benefit) (3)(2) 5
Net income: 302234318233
Net loss attributable to noncontrolling interest (4)(5)(6)(5)
Net income available to common stockholders, diluted: 298229312228

Comprehensive Income ($ in millions)

Net income: 302234318233
Other comprehensive income 11 1
Comprehensive income: 303235318234
Comprehensive loss, net of tax, attributable to noncontrolling interest (4)(5)(6)(5)
Comprehensive income, net of tax, attributable to parent: 299230312229

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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