Rattler Midstream LP (RTLR) financial statements (2022 and earlier)

Company profile

Business Address 500 WEST TEXAS AVENUE
MIDLAND, TX 79701
State of Incorp. DE
Fiscal Year End December 31
SIC 4922 - Natural Gas Transmission (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments202411
Cash and cash equivalents202411
Receivables686359
Inventory, net of allowances, customer advances and progress billings131014
Inventory131014
Other current assets111
Total current assets:1029886
Noncurrent Assets
Operating lease, right-of-use asset 10
Property, plant and equipment1,053998958
Long-term investments and receivables613533480
Long-term investments613533480
Intangible assets, net (including goodwill)448
Intangible assets, net (excluding goodwill)448
Regulated entity, other noncurrent assets79 
Deferred income tax assets6273 
Other noncurrent assets456
Other undisclosed noncurrent assets788899
Total noncurrent assets:1,8191,7101,551
TOTAL ASSETS:1,9211,8091,636
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:484377
Accounts payable800
Accrued liabilities 4377
Taxes payable100
Interest and dividends payable13  
Other undisclosed accounts payable and accrued liabilities26  
Debt  0
Asset retirement obligation00 
Other undisclosed current liabilities11 
Total current liabilities:494377
Noncurrent Liabilities
Liabilities, other than long-term debt171519
Asset retirement obligations171511
Deferred income tax liabilities  8
Other undisclosed noncurrent liabilities688570424
Total noncurrent liabilities:705585443
Total liabilities:754628521
Stockholders' equity
Stockholders' equity attributable to parent0(0)(0)
Accumulated other comprehensive income (loss)0(0)(0)
Other undisclosed stockholders' equity1,1671,1801,116
Total stockholders' equity:1,1671,1801,116
TOTAL LIABILITIES AND EQUITY:1,9211,8091,636

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

12/31/2021
12/31/2020
12/31/2019
Revenues396424448
Cost of revenue(149)(225)(216)
Cost of goods and services sold(43)(38)(63)
Other undisclosed gross profit (10)(6)
Gross profit:248189226
Operating expenses(79)(16)(13)
Other undisclosed operating income 106
Operating income:169182219
Nonoperating income (expense)6(27)(7)
Investment income, nonoperating23  
Income from continuing operations before income taxes:174155212
Income tax expense(11)(10)(26)
Net income:164145186
Net loss attributable to noncontrolling interest(127)(110) 
Net income attributable to parent:3735186
Undistributed earnings (loss) allocated to participating securities, basic(2)(2) 
Net income available to common stockholders, diluted:3532186

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
Net income:164145186
Other comprehensive income (loss)10(1)
Comprehensive income:164145185
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(127)(110)1
Comprehensive income, net of tax, attributable to parent:3735186

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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