Global Partners LP Global Partners LP (GLP) financial statements (2022 and earlier)

Company profile

Business Address P.O. BOX 9161
WALTHAM, MA 02454
State of Incorp.
Fiscal Year End December 31
SIC 5171 - Petroleum Bulk stations and Terminals (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 investments    15101
Cash and cash equivalents    15101
Receivables412230421340421425314
Inventory, net of allowances, customer advances and progress billings510384450386351522389
Inventory510384450386351522389
Derivative instruments and hedges, assets121752642166
Other undisclosed current assets132151128122889897
Total current assets:1,0657811,0058758781,075867
Noncurrent Assets
Operating lease, right-of-use asset280291297
Property, plant and equipment1,0991,0821,1051,1331,0371,1001,243
Intangible assets, net (including goodwill)354359371386369360511
Goodwill328324324327312295435
Intangible assets, net (excluding goodwill)26364759576576
Other noncurrent assets32273131362943
Total noncurrent assets:1,7661,7591,8041,5491,4421,4891,797
TOTAL ASSETS:2,8312,5412,8082,4242,3202,5642,664
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities513344494441413391364
Accounts payable353208373309313320304
Accrued liabilities1391271031171007060
Settlement liabilities21101815   
Debt20534217103127  
Derivative instruments and hedges, liabilities3212134142732
Accrued environmental loss contingencies5456555
Other undisclosed current liabilities861022528110376193
Total current liabilities:840498754583669799595
Noncurrent Liabilities
Long-term debt and lease obligation1,1121,1111,078664662659657
Long-term debt, excluding current maturities739738691664662659657
Finance lease, liability144147148
Operating lease, liability228227239
Liabilities, other than long-term debt167173158124117123125
Asset retirement obligations98898  
Deferred income tax liabilities575643
Accrued environmental loss contingencies48495457535868
Other liabilities53595258566557
Other undisclosed noncurrent liabilities185264360554478585594
Total noncurrent liabilities:1,4641,5471,5951,3421,2571,3671,375
Total liabilities:2,3032,0452,3491,9251,9262,1661,970
Stockholders' equity
Stockholders' equity attributable to parent(2)2(5)(5)(5)(5)(8)
Accumulated other comprehensive income (loss)(2)2(5)(5)(5)(5)(8)
Other undisclosed stockholders' equity530494464504400403702
Total stockholders' equity:528495459499394398694
TOTAL LIABILITIES AND EQUITY:2,8312,5412,8082,4242,3202,5642,664

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
Revenues13,2488,32213,08212,6738,9218,24010,315
Revenue, net8,9218,24010,315
Cost of revenue
(Cost of Goods and Services Sold)
(12,529)(7,600)(12,419)(12,022)(8,338)(7,693)(9,717)
Gross profit:719721663650583546598
Operating expenses(577)(529)(524)(453)(463)(699)(483)
Operating income (loss):142192139197120(152)115
Interest and debt expense (7)(13)(5)(1)(2)(73)
Other undisclosed loss from continuing operations before equity method investments, income taxes (84)(90)(84)(86)(84) 
Income (loss) from continuing operations before equity method investments, income taxes:1421023610834(239)41
Other undisclosed loss from continuing operations before income taxes(80)      
Income (loss) from continuing operations before income taxes:621023610834(239)41
Income tax expense (benefit)(1)0(1)(6)24(0)2
Net income (loss):611023510257(239)43
Net income attributable to noncontrolling interest 1122  
Net income (loss) available to common stockholders, diluted:611023610459(239)43

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):611023510257(239)43
Other comprehensive income (loss)(4)700(0) 5
Other undisclosed comprehensive income     3 
Comprehensive income (loss):571083510357(236)48
Comprehensive income, net of tax, attributable to noncontrolling interest 1122390
Comprehensive income (loss), net of tax, attributable to parent:571093610459(197)49

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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