Genesis Energy, L.P. (GEL) Financial Statements (2024 and earlier)

Company Profile

Business Address 811 LOUISIANA ST, SUITE 1200
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8202129109
Cash and cash equivalents8202129109
Restricted cash and investments195627  
Receivables722400392417323495
Inventory, net of allowances, customer advances and progress billings7878100657489
Inventory7878100657489
Other current assets273961553643
Total current assets:853542580593443636
Noncurrent Assets
Operating lease, right-of-use asset125141154177
Net investment in lease, before allowance for credit loss    108
Property, plant and equipment4,0973,9123,8514,2944,4174,866
Long-term investments and receivables284294319335472507
Long-term investments284294319335355382
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases117125
Intangible assets, net (including goodwill)429429431441465507
Goodwill302302302302302325
Intangible assets, net (excluding goodwill)127127129139163182
Contract with customer, asset, after allowance for credit loss     
Other noncurrent assets3238469412257
Other undisclosed noncurrent assets545549553556560565
Total noncurrent assets:5,5135,3635,3536,0056,0366,501
TOTAL ASSETS:6,3665,9065,9346,5986,4797,137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities709497383415333456
Accounts payable428264198219127271
Accrued liabilities281233185197206185
Total current liabilities:709497383415333456
Noncurrent Liabilities
Long-term debt and lease obligation3,0622,9803,394 3,432 
Long-term debt, excluding current maturities3,0622,9803,394 3,432 
Liabilities, other than long-term debt608449406406268277
Deferred revenue64   
Deferred tax liabilities, net 20
Deferred income tax liabilities17141313
Liability, pension and other postretirement and postemployment benefits 12   9 
Other liabilities401435393394259257
Operating lease, liability 114   
Other undisclosed noncurrent liabilities212  3,42943,690
Total noncurrent liabilities:3,8813,4293,8003,8363,7043,967
Total liabilities:4,5913,9264,1834,2514,0374,423
Temporary equity, carrying amount8921,050931790761697
Equity
Equity, attributable to parent6(6)(9)(8)1(1)
Accumulated other comprehensive income (loss)6(6)(9)(8)1(1)
Other undisclosed equity8779368281,5651,6802,018
Total equity:8849308191,5561,6812,017
TOTAL LIABILITIES AND EQUITY:6,3665,9065,9346,5986,4797,137

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,7892,1251,8252,4812,9132,028
Cost of revenue(2,424)(1,969)(1,681)(2,127)(2,559)(1,747)
Gross profit:365156144353353281
Operating expenses(50)(81)(390)(81)(183)(61)
Operating income (loss):31576(246)273170221
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(11)(36)(7)(9)5(17)
Interest and debt expense9(2)27(11)(3)(6)
Income (loss) from continuing operations before equity method investments, income taxes:31338(226)253172198
Income from equity method investments545864564451
Other undisclosed loss from continuing operations before income taxes  (237)(209)(226)(171)
Income (loss) from continuing operations before income taxes:36796(399)101(10)78
Income tax expense (benefit)(3)(2)(1)(1)(1)4
Income (loss) from continuing operations:36494(400)100(12)82
Income (loss) before gain (loss) on sale of properties:94(400)100(12)82
Other undisclosed net loss(235)(232)    
Net income (loss):129(138)(400)100(12)82
Net income (loss) attributable to noncontrolling interest     1
Other undisclosed net income (loss) attributable to parent(54)(27)(16)(4)6 
Net income (loss) attributable to parent:75(165)(417)96(6)83
Other undisclosed net loss available to common stockholders, basic(80)(75)(75)(74)(70)(22)
Net income (loss) available to common stockholders, diluted:(5)(240)(491)22(76)61

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):129(138)(400)100(12)82
Other undisclosed comprehensive income (loss)124(1)(9)2(0)
Comprehensive income (loss):141(134)(401)91(10)82
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(23)(2)(0)(2)61
Other undisclosed comprehensive loss, net of tax, attributable to parent (30)(25)(16)(2) (1)
Comprehensive income (loss), net of tax, attributable to parent:87(161)(418)87(5)81

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.

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