Genesis Energy, L.P. (GEL) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments202129109711
Cash and cash equivalents202129109711
Restricted cash and investments5627    
Receivables400392417323495225220
Inventory, net of allowances, customer advances and progress billings781006574899944
Inventory781006574899944
Other current assets39615536432932
Total current assets:542580593443636360306
Noncurrent Assets
Operating lease, right-of-use asset141154177
Net investment in lease  108
Property, plant and equipment3,9123,8514,2944,4174,8664,2153,932
Long-term investments and receivables294319335472507542614
Long-term investments294319335355382409474
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases117125133140
Intangible assets, net (including goodwill)429431441465507530548
Goodwill302302302302325325325
Intangible assets, net (excluding goodwill)127129139163182205223
Other noncurrent assets384694122575759
Other undisclosed noncurrent assets549553556560565  
Total noncurrent assets:5,3635,3536,0056,0366,5015,3435,153
TOTAL ASSETS:5,9065,9346,5986,4797,1375,7035,460
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities497383415333456261302
Accounts payable264198219127271120141
Accrued liabilities233185197206185141161
Total current liabilities:497383415333456261302
Noncurrent Liabilities
Long-term debt and lease obligation2,9803,394 3,432 3,0912,922
Long-term debt, excluding current maturities2,9803,394 3,432 3,0912,922
Liabilities, other than long-term debt449406406268277230215
Deferred tax liabilities, net 202623
Deferred income tax liabilities141313
Liability, pension and other postretirement and postemployment benefits   9   
Other liabilities435393394259257204192
Other undisclosed noncurrent liabilities  3,42943,690  
Total noncurrent liabilities:3,4293,8003,8363,7043,9673,3223,137
Total liabilities:3,9264,1834,2514,0374,4233,5833,439
Temporary equity, carrying amount1,050931790761697  
Stockholders' equity
Stockholders' equity attributable to parent(6)(9)(8)1(1)  
Accumulated other comprehensive income (loss)(6)(9)(8)1(1)  
Other undisclosed stockholders' equity9368281,5651,6802,0182,1202,021
Total stockholders' equity:9308191,5561,6812,0172,1202,021
TOTAL LIABILITIES AND EQUITY:5,9065,9346,5986,4797,1375,7035,460

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,1251,8252,4812,9132,0281,7122,247
Cost of revenue(1,969)(1,681)(2,127)(2,559)(1,747)(1,419)(2,000)
Gross profit:156144353353281293247
Operating expenses(81)(390)(81)(183)(61)(87)(90)
Operating income (loss):76(246)273170221206157
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(36)(7)(9)5(17) (18)
Interest and debt expense(2)27(11)(3)(6)(10)(19)
Income (loss) from continuing operations before equity method investments, income taxes:38(226)253172198196120
Income from equity method investments58645644514854
Other undisclosed income (loss) from continuing operations before income taxes (237)(209)(226)(171)(130)251
Income (loss) from continuing operations before income taxes:96(399)101(10)78114426
Income tax expense (benefit)(2)(1)(1)(1)4(3)(4)
Income (loss) before gain (loss) on sale of properties:94(400)100(12)82111422
Other undisclosed net loss(232)      
Net income (loss):(138)(400)100(12)82111422
Net income attributable to noncontrolling interest    121
Other undisclosed net income (loss) attributable to parent(27)(16)(4)6   
Net income (loss) attributable to parent:(165)(417)96(6)83113423
Other undisclosed net loss available to common stockholders, basic(75)(75)(74)(70)(22)  
Net income (loss) available to common stockholders, diluted:(240)(491)22(76)61113423

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(138)(400)100(12)82111422
Other undisclosed comprehensive income (loss)4(1)(9)2(0)  
Comprehensive income (loss):(134)(401)91(10)82111422
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(0)(2)6121
Other undisclosed comprehensive loss, net of tax, attributable to parent(25)(16)(2) (1)  
Comprehensive income (loss), net of tax, attributable to parent:(161)(418)87(5)81113423

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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