Kimbell Royalty Partners (KRP) financial statements (2021 and earlier)

Company profile

Business Address 777 TAYLOR ST., SUITE 810
FORT WORTH, TX 76102
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14166
Cash and cash equivalents14166
Receivables 00
Derivative instruments and hedges, assets13 
Other undisclosed current assets19197
Total current assets:343813
Noncurrent Assets
Operating lease, right-of-use asset3
Property, plant and equipment100
Oil and gas property, full cost method704711282
Long-term investments and receivables3  
Long-term investments3  
Derivative instruments and hedges01 
Other undisclosed noncurrent assets230
Total noncurrent assets:714716283
TOTAL ASSETS:749753295
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities542
Accounts payable110
Accrued liabilities422
Derivative instruments and hedges, liabilities  0
Total current liabilities:542
Noncurrent Liabilities
Long-term debt and lease obligation1038731
Long-term debt, excluding current maturities1008731
Operating lease, liability3
Liabilities, other than long-term debt  0
Derivative instruments and hedges, liabilities  0
Total noncurrent liabilities:1038731
Total liabilities:1099133
Temporary equity, carrying amount7569 
Stockholders' equity
Other undisclosed stockholders' equity565593 
Total stockholders' equity:565593 
TOTAL LIABILITIES AND EQUITY:74975333

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

12/31/2019
12/31/2018
12/31/2017
Revenues1087030
Revenue, net31
Cost of revenue(68)(34)(20)
Gross profit:403611
Operating expenses(192)(84)(8)
Operating income (loss):(152)(48)3
Interest and debt expense(6)(4)(1)
Income (loss) from continuing operations before equity method investments, income taxes:(157)(52)2
Income from equity method investments0  
Income (loss) from continuing operations before income taxes:(157)(52)2
Income tax expense(1)(0) 
Net income (loss):(158)(52)2
Net income attributable to noncontrolling interest892 
Net income (loss) attributable to parent:(69)(50)2
Preferred stock dividends and other adjustments(14)(6) 
Net income (loss) available to common stockholders, diluted:(83)(57)2

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net income (loss):(158)(52)2
Comprehensive income (loss):(158)(52)2
Comprehensive income, net of tax, attributable to noncontrolling interest892 
Comprehensive income (loss), net of tax, attributable to parent:(69)(50)2

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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