Genesis Energy, L.P. (GEL) financial statements (2021 and earlier)

Company profile

Business Address 919 MILAM, SUITE 2100
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
SIC 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21291097119
Cash and cash equivalents21291097119
Restricted cash and investments627     
Receivables392417323495225220272
Inventory, net of allowances, customer advances and progress billings100657489994447
Inventory100657489994447
Deferred costs      39
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases    (6)
Other current assets61553643293228
Other undisclosed current assets      (33)
Total current assets:580593443636360306355
Noncurrent Assets
Operating lease, right-of-use asset154177
Net investment in lease 108
Property, plant and equipment3,8514,2944,4174,8664,2153,9321,631
Long-term investments and receivables319335472507542614775
Long-term investments319335355382409474629
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases117125133140146
Intangible assets, net (including goodwill)431441465507530548408
Goodwill302302302325325325325
Intangible assets, net (excluding goodwill)12913916318220522383
Other noncurrent assets469412257575961
Other undisclosed noncurrent assets553556560565   
Total noncurrent assets:5,3536,0056,0366,5015,3435,1532,875
TOTAL ASSETS:5,9346,5986,4797,1375,7035,4603,230
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities383415333456261302363
Accounts payable198219127271120141245
Accrued liabilities185197206185141161118
Total current liabilities:383415333456261302363
Noncurrent Liabilities
Long-term debt and lease obligation3,394 3,432 3,0912,9221,601
Long-term debt, excluding current maturities3,394 3,432 3,0912,9221,601
Liabilities, other than long-term debt40640626827723021537
Deferred tax liabilities, net 20262319
Deferred income tax liabilities1313
Liability, pension and other postretirement and postemployment benefits  9    
Other liabilities39339425925720419218
Other undisclosed noncurrent liabilities 3,42943,690   
Total noncurrent liabilities:3,8003,8363,7043,9673,3223,1371,638
Total liabilities:4,1834,2514,0374,4233,5833,4392,001
Temporary equity, carrying amount931790761697   
Stockholders' equity
Stockholders' equity attributable to parent(9)(8)1(1)   
Accumulated other comprehensive income (loss)(9)(8)1(1)   
Other undisclosed stockholders' equity8281,5651,6802,0182,1202,0211,229
Total stockholders' equity:8191,5561,6812,0172,1202,0211,229
TOTAL LIABILITIES AND EQUITY:5,9346,5986,4797,1375,7035,4603,230

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,8252,4812,9132,0281,7122,2473,846
Cost of revenue(1,681)(2,127)(2,559)(1,747)(1,419)(2,000)(3,649)
Gross profit:144353353281293247197
Operating expenses(390)(81)(183)(61)(87)(90)(65)
Operating income (loss):(246)273170221206157133
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(7)(9)5(17) (18) 
Interest and debt expense27(11)(3)(6)(10)(19)(5)
Income (loss) from continuing operations before equity method investments, income taxes:(226)253172198196120128
Income from equity method investments64564451485443
Other undisclosed income (loss) from continuing operations before income taxes(237)(209)(226)(171)(130)251(62)
Income (loss) from continuing operations before income taxes:(399)101(10)78114426109
Income tax expense (benefit)(1)(1)(1)4(3)(4)(3)
Net income (loss):(400)100(12)82111422106
Net income attributable to noncontrolling interest   121 
Other undisclosed net income (loss) attributable to parent(16)(4)6    
Net income (loss) attributable to parent:(417)96(6)83113423106
Other undisclosed net loss available to common stockholders, basic(75)(74)(70)(22)   
Net income (loss) available to common stockholders, diluted:(491)22(76)61113423106

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(400)100(12)82111422106
Other undisclosed comprehensive income (loss)(1)(9)2(0)   
Comprehensive income (loss):(401)91(10)82111422106
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(2)6121 
Other undisclosed comprehensive loss, net of tax, attributable to parent(16)(2) (1)   
Comprehensive income (loss), net of tax, attributable to parent:(418)87(5)81113423106

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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