Shell Midstream Partners, L.P. (SHLX) financial statements (2020 and earlier)

Company profile

Business Address 150 N. DAIRY ASHFORD
HOUSTON, TX 77079
State of Incorp. DE
Fiscal Year End December 31
SIC 461 - Pipelines, Except 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
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28920813812293150
Cash and cash equivalents28920813812293150
Receivables414841292929
Prepaid expense161513654
Other undisclosed current assets131312941
Total current assets:359284204165131184
Noncurrent Assets
Operating lease, right-of-use asset4
Property, plant and equipment726742737398393275
Long-term investments and receivables926823425302185161
Long-term investments926823425302185161
Regulated entity, other noncurrent assets 3    
Other noncurrent assets232 74
Other undisclosed noncurrent assets259    
Total noncurrent assets:1,6601,6301,163700585440
TOTAL ASSETS:2,0191,9141,367866716624
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities171717771
Accounts payable54420 
Accrued liabilities121313671
Taxes payable     0
Debt1     
Due to related parties109125 29
Deferred revenue and credits1914 20
Contract with customer, liability8
Other undisclosed current liabilities18187519(5)
Total current liabilities:465255312645
Noncurrent Liabilities
Long-term debt and lease obligation2825242523 
Finance lease, liability24
Capital lease obligations25242523 
Operating lease, liability4
Liabilities, other than long-term debt2,6942,0911,853690460 
Deferred revenue and credits32  
Deferred revenue2
Asset retirement obligations  711 
Due to related parties2,6922,0911,844686458 
Other undisclosed noncurrent liabilities 3    
Total noncurrent liabilities:2,7222,1181,878714482 
Total liabilities:2,7682,1711,93274650845
Stockholders' equity
Stockholders' equity attributable to parent(8)     
Accumulated other comprehensive loss(8)     
Other undisclosed stockholders' equity(741)(257)(566)120207579
Total stockholders' equity:(749)(257)(566)120207579
TOTAL LIABILITIES AND EQUITY:2,0191,9141,367866716624

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues503525470291327182
Revenue, net 291327182
Cost of revenue(210)(201)(156)(76)(72)(47)
Gross profit:293324314216254136
Operating expenses(78)(112)(114)(55)(57)(34)
Operating income:215212200161198101
Nonoperating income423333224117798
Other nonoperating income423333224117798
Interest and debt expense(92)(61)(29)   
Income from continuing operations before equity method investments, income taxes:546484395278277110
Income from equity method investments     7
Other undisclosed loss from continuing operations before income taxes (2)(3)(12)(4)(8)
Income from continuing operations before income taxes:546483392265273109
Income tax expense (benefit) (0)(0) 0(0)
Net income:546482392265273108
Net loss attributable to noncontrolling interest(18)(18)(19)(21)(67)(11)
Other undisclosed net loss attributable to parent  (77) (39)(84)
Net income available to common stockholders, diluted:52846429524516713

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:546482392265273108
Other comprehensive loss(2)     
Comprehensive income:544482392265273108
Comprehensive loss, net of tax, attributable to noncontrolling interest(18)(18)(19)(21)(67)(11)
Comprehensive income, net of tax, attributable to parent:52646437324520697

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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