Semgroup Corporation (SEMG) financial statements (2021 and earlier)

Company profile

Business Address TWO WARREN PLACE
TULSA, OK 74136-4231
State of Incorp. DE
Fiscal Year End December 31
SIC 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments87947458417980
Cash and cash equivalents87947458417980
Restricted cash and investments   07  
Receivables563655444333368391352
Inventory, net of allowances, customer advances and progress billings491029970444434
Inventory491029970444434
Prepaid expense    65
Disposal group, including discontinued operation 38     
Prepaid expense and other current assets32
Deferred tax assets    67 
Other current assets171419192014
Other undisclosed current assets    (12)(7)21
Total current assets:716903636480479534520
Noncurrent Assets
Property, plant and equipment3,4573,3151,7621,5671,2571,106815
Long-term investments and receivables274285434551578565388
Long-term investments274285434551578565388
Intangible assets, net (including goodwill)62265618521023123717
Goodwill2572573448586210
Intangible assets, net (excluding goodwill)3653991511621731758
Regulated entity, other noncurrent assets    22175
Disposal group, including discontinued operation, noncurrent assets 85   
Other noncurrent assets14113358624429
Prepaid expense and other noncurrent assets8
Deferred tax assets, net    143 
Other undisclosed noncurrent assets    (36)(20)(5)
Total noncurrent assets:4,4944,4742,4392,3902,1111,9371,228
TOTAL ASSETS:5,2105,3773,0752,8712,5902,4711,748
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities610719448359350338317
Accounts payable495588367274257254254
Accrued liabilities1151318185938364
Debt6600000
Due to related parties472751362 
Disposal group, including discontinued operation 24     
Deferred revenue and credits81111242619
Other liabilities63321125
Other undisclosed current liabilities11   36133
Total current liabilities:637767488377392499374
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,2792,8531,0511,075767615206
Other undisclosed long-term debt and lease obligation2,2792,8531,0511,075767615206
Liabilities, other than long-term debt949990223212143147
Deferred tax liabilities, net56476520116210166
Accrued environmental loss contingencies     00
Disposal group, including discontinued operation, liabilities 14     
Other liabilities39382522504281
Other undisclosed noncurrent liabilities360    (0)(0)
Total noncurrent liabilities:2,7332,9521,1411,297979758352
Total liabilities:3,3703,7181,6291,6741,3701,257727
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4911,6581,4461,1161,1501,054892
Common stock   0000
Treasury stock, value(1)(8)(7)(6)(1)(1)(0)
Additional paid in capital1,6161,7701,5621,2171,2461,1551,039
Accumulated other comprehensive loss(51)(54)(74)(59)(27)(3)(1)
Accumulated deficit(74)(51)(36)(38)(68)(98)(146)
Warrants and rights outstanding     5833
Other undisclosed stockholders' equity attributable to parent111  (58)(33)
Stockholders' equity attributable to noncontrolling interest349  8170160129
Total stockholders' equity:1,8401,6581,4461,1961,2191,2141,022
TOTAL LIABILITIES AND EQUITY:5,2105,3773,0752,8712,5902,4711,748

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues2,5032,0821,3321,4552,1231,4271,237
Revenue, net2,0821,3321,4552,1231,4271,237
Cost of revenue(2,029)(1,687)(988)(1,092)(1,721)(1,087)(927)
Cost of goods and services sold(1,823)(0) (980)(1,629)(1,020)(875)
Gross profit:474395344363401340311
Operating expenses(376)(365)(296)(322)(367)(302)(290)
Other undisclosed operating income58677488937936
Operating income:1569712212912711857
Nonoperating income (expense)(7)6(4)(53)(28)(69)(30)
Investment income, nonoperating    34  
Foreign currency transaction gain (loss), before tax(10)5(5)102(0)
Other nonoperating income (expense)2111621(46)(21)
Interest and debt expense(150)(123)(63)(70)(49)(25)(9)
Other undisclosed income from continuing operations before equity method investments, income taxes      9
Income (loss) from continuing operations before equity method investments, income taxes:(1)(20)557502327
Income from equity method investments    645236
Other undisclosed income (loss) from continuing operations before income taxes  (31)70(15)(27)(36)
Income (loss) from continuing operations before income taxes:(1)(20)2576994827
Income tax expense (benefit)(23)2(11)(34)(47)172
Income (loss) from continuing operations:(24)(17)1343526629
Income (loss) from discontinued operations  (0)(0)(0)03
Net income (loss):(24)(17)1343526632
Net loss attributable to noncontrolling interest(2) (11)(12)(23)(18)(10)
Net income (loss) attributable to parent:(27)(17)230294822
Preferred stock dividends and other adjustments(24)      
Net income (loss) available to common stockholders, diluted:(51)(17)230294822

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(24)(17)1343526632
Other comprehensive income (loss)320(15)(31)(24)(2)13
Comprehensive income (loss):(22)3(2)11286444
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2) (11)(12)(23)1810
Other undisclosed comprehensive loss, net of tax, attributable to parent     (35)(20)
Comprehensive income (loss), net of tax, attributable to parent:(24)3(13)(1)54735

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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