Global Partners LP (GLP) financial statements (2021 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)

12/31/2020
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 investments   151015
Cash and cash equivalents   151015
Receivables230421340421425314462
Inventory, net of allowances, customer advances and progress billings384450386351522389337
Inventory384450386351522389337
Derivative instruments and hedges, assets175264216684
Deferred tax assets    1
Other undisclosed current assets15112812288989773
Total current assets:7811,0058758781,075867961
Noncurrent Assets
Operating lease, right-of-use asset291297
Property, plant and equipment1,0821,1051,1331,0371,1001,243825
Intangible assets, net (including goodwill)359371386369360511203
Goodwill324324327312295435154
Intangible assets, net (excluding goodwill)36475957657649
Other noncurrent assets27313136294351
Total noncurrent assets:1,7591,8041,5491,4421,4891,7971,079
TOTAL ASSETS:2,5412,8082,4242,3202,5642,6642,040
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities344494441413391364566
Accounts payable208373309313320304457
Accrued liabilities127103117100706083
Employee-related liabilities      27
Settlement liabilities101815    
Debt34217103127  1
Derivative instruments and hedges, liabilities1213414273259
Accrued environmental loss contingencies4565553
Other undisclosed current liabilities102252811037619379
Total current liabilities:498754583669799595707
Noncurrent Liabilities
Long-term debt and lease obligation1,1111,078664662659657368
Long-term debt, excluding current maturities738691664662659657368
Finance lease, liability147148
Operating lease, liability227239
Liabilities, other than long-term debt173158124117123125112
Asset retirement obligations8898  4
Deferred tax liabilities, net    14
Deferred income tax liabilities5643
Accrued environmental loss contingencies49545753586834
Other liabilities59525856655760
Other undisclosed noncurrent liabilities264360554478585594216
Total noncurrent liabilities:1,5471,5951,3421,2571,3671,375696
Total liabilities:2,0452,3491,9251,9262,1661,9701,404
Stockholders' equity
Stockholders' equity attributable to parent2(5)(5)(5)(5)(8)(13)
Accumulated other comprehensive income (loss)2(5)(5)(5)(5)(8)(13)
Other undisclosed stockholders' equity494464504400403702649
Total stockholders' equity:495459499394398694636
TOTAL LIABILITIES AND EQUITY:2,5412,8082,4242,3202,5642,6642,040

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
Revenues8,32213,08212,6738,9218,24010,31517,270
Revenue, net8,9218,24010,31517,270
Cost of revenue
(Cost of Goods and Services Sold)
(7,600)(12,419)(12,022)(8,338)(7,693)(9,717)(16,727)
Gross profit:721663650583546598543
Operating expenses(529)(524)(453)(463)(699)(483)(377)
Operating income (loss):192139197120(152)115166
Interest and debt expense(7)(13)(5)(1)(2)(73)(49)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(84)(90)(84)(86)(84) 2
Income (loss) from continuing operations before income taxes:1023610834(239)41118
Income tax expense (benefit)0(1)(6)24(0)2(1)
Net income (loss):1023510257(239)43117
Net income attributable to noncontrolling interest1122   
Net income (loss) available to common stockholders, diluted:1023610459(239)43117

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):1023510257(239)43117
Other comprehensive income (loss)700(0) 5 
Other undisclosed comprehensive income (loss)    3 (2)
Comprehensive income (loss):1083510357(236)48115
Comprehensive income, net of tax, attributable to noncontrolling interest11223902
Other undisclosed comprehensive loss, net of tax, attributable to parent      (5)
Comprehensive income (loss), net of tax, attributable to parent:1093610459(197)49113

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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