Shell Midstream Partners, L.P. (SHLX) financial statements (2021 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)

12/31/2020
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 investments32028920813812293150
Cash and cash equivalents32028920813812293150
Receivables41414841292929
Prepaid expense24161513654
Other undisclosed current assets9131312941
Total current assets:394359284204165131184
Noncurrent Assets
Finance lease, right-of-use asset16 
Operating lease, right-of-use asset44
Property, plant and equipment699726742737398393275
Long-term investments and receivables1,013926823425302185161
Long-term investments1,013926823425302185161
Regulated entity, other noncurrent assets2 3    
Other noncurrent assets2232 74
Other undisclosed noncurrent assets217259    
Total noncurrent assets:1,9531,6601,6301,163700585440
TOTAL ASSETS:2,3472,0191,9141,367866716624
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15171717771
Accounts payable554420 
Accrued liabilities10121313671
Taxes payable      0
Deferred revenue4 
Debt11     
Due to related parties16109125 29
Deferred revenue and credits1914 20
Contract with customer, liability8
Other undisclosed current liabilities4618187519(5)
Total current liabilities:82465255312645
Noncurrent Liabilities
Long-term debt and lease obligation282825242523 
Finance lease, liability2424
Capital lease obligations25242523 
Operating lease, liability44
Liabilities, other than long-term debt2,6952,6942,0911,853690460 
Deferred revenue and credits32  
Deferred revenue32
Asset retirement obligations   711 
Due to related parties2,6922,6922,0911,844686458 
Other undisclosed noncurrent liabilities  3    
Total noncurrent liabilities:2,7232,7222,1181,878714482 
Total liabilities:2,8052,7682,1711,93274650845
Stockholders' equity
Stockholders' equity attributable to parent(9)(8)     
Accumulated other comprehensive loss(9)(8)     
Other undisclosed stockholders' equity(449)(741)(257)(566)120207579
Total stockholders' equity:(458)(749)(257)(566)120207579
TOTAL LIABILITIES AND EQUITY:2,3472,0191,9141,367866716624

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues481503525470291327182
Revenue, net 291327182
Cost of revenue(257)(210)(201)(156)(76)(72)(47)
Gross profit:224293324314216254136
Operating expenses(55)(78)(112)(114)(55)(57)(34)
Operating income:169215212200161198101
Nonoperating income457423333224117798
Other nonoperating income457423333224117798
Interest and debt expense(90)(92)(61)(29)   
Income from continuing operations before equity method investments, income taxes:536546484395278277110
Income from equity method investments      7
Other undisclosed income (loss) from continuing operations before income taxes20 (2)(3)(12)(4)(8)
Income from continuing operations before income taxes:556546483392265273109
Income tax expense (benefit)  (0)(0) 0(0)
Net income:556546482392265273108
Net loss attributable to noncontrolling interest(13)(18)(18)(19)(21)(67)(11)
Other undisclosed net loss attributable to parent   (77) (39)(84)
Net income attributable to parent:54352846429524516713
Other undisclosed net loss available to common stockholders, basic(36)      
Net income available to common stockholders, diluted:50752846429524516713

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:556546482392265273108
Other comprehensive loss(1)(2)     
Comprehensive income:555544482392265273108
Comprehensive loss, net of tax, attributable to noncontrolling interest(13)(18)(18)(19)(21)(67)(11)
Comprehensive income, net of tax, attributable to parent:54252646437324520697

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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