Shell Midstream Partners, L.P. (SHLX) Financial Statements (2023 and Earlier)

Company Profile

Business Address 150 N. DAIRY ASHFORD
HOUSTON, TX 77079
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 461 - Pipelines, Except Natural Gas (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 investments36032028920813812293
Cash and cash equivalents36032028920813812293
Receivables56414148412929
Prepaid expense262416151365
Other undisclosed current assets23913131294
Total current assets:465394359284204165131
Noncurrent Assets
Finance lease, right-of-use asset 16 
Operating lease, right-of-use asset344
Property, plant and equipment1,344699726742737398393
Long-term investments and receivables9741,013926823425302185
Long-term investments9741,013926823425302185
Regulated entity, other noncurrent assets 2 3   
Other noncurrent assets22232 7
Other undisclosed noncurrent assets(470)217259   
Total noncurrent assets:1,8531,9531,6601,6301,163700585
TOTAL ASSETS:2,3182,3472,0191,9141,367866716
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities151517171777
Accounts payable4554420
Accrued liabilities111012131367
Deferred revenue24 
Debt111    
Due to related parties41716109125 
Deferred revenue and credits1914 
Contract with customer, liability8
Other undisclosed current liabilities544618187519
Total current liabilities:489824652553126
Noncurrent Liabilities
Long-term debt and lease obligation27282825242523
Finance lease, liability232424
Capital lease obligations25242523
Operating lease, liability444
Liabilities, other than long-term debt2,2952,6952,6942,0911,853690460
Deferred revenue and credits32 
Deferred revenue332
Asset retirement obligations    711
Due to related parties2,2922,6922,6922,0911,844686458
Other undisclosed noncurrent liabilities   3   
Total noncurrent liabilities:2,3222,7232,7222,1181,878714482
Total liabilities:2,8112,8052,7682,1711,932746508
Stockholders' equity
Stockholders' equity attributable to parent(8)(9)(8)    
Accumulated other comprehensive loss(8)(9)(8)    
Other undisclosed stockholders' equity(485)(449)(741)(257)(566)120207
Total stockholders' equity:(493)(458)(749)(257)(566)120207
TOTAL LIABILITIES AND EQUITY:2,3182,3472,0191,9141,367866716

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
Revenues556481503525470291327
Revenue, net 291327
Cost of revenue(267)(257)(210)(201)(156)(76)(72)
Gross profit:289224293324314216254
Operating expenses(57)(55)(78)(112)(114)(55)(57)
Operating income:232169215212200161198
Nonoperating income
(Other Nonoperating income)
39145742333322411779
Interest and debt expense(82)(90)(92)(61)(29)  
Income from continuing operations before equity method investments, income taxes:541536546484395278277
Other undisclosed income (loss) from continuing operations before income taxes2720 (2)(3)(12)(4)
Income from continuing operations before income taxes:568556546483392265273
Income tax expense (benefit)   (0)(0) 0
Net income:568556546482392265273
Net loss attributable to noncontrolling interest(12)(13)(18)(18)(19)(21)(67)
Other undisclosed net loss attributable to parent    (77) (39)
Net income attributable to parent:556543528464295245167
Other undisclosed net loss available to common stockholders, basic (36)     
Net income available to common stockholders, diluted:556507528464295245167

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:568556546482392265273
Other comprehensive income (loss)1(1)(2)    
Comprehensive income:569555544482392265273
Comprehensive loss, net of tax, attributable to noncontrolling interest(12)(13)(18)(18)(19)(21)(67)
Comprehensive income, net of tax, attributable to parent:557542526464373245206

Statements Sources

The financial statements are based on the Company's filings with 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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