Summit Midstream Partners, LP (SMLP) financial statements (2023 and earlier)

Company profile

Business Address 910 LOUISIANA STREET
HOUSTON, TX 77002
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
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7 5417
Cash and cash equivalents7 5417
Receivables62 102987297
Other current assets6 5444
Other undisclosed current assets12 27   
Total current assets:87 13910678109
Noncurrent Assets
Finance lease, right-of-use asset  3
Operating lease, right-of-use asset  4
Property, plant and equipment1,726 1,8821,9641,7951,854
Long-term investments and receivables523 310649690707
Long-term investments523 310649690707
Intangible assets, net (including goodwill)173 (87)290318438
Goodwill  (319)161616
Intangible assets, net (excluding goodwill)173 232273301421
Other noncurrent assets13 1012147
Other undisclosed noncurrent assets  313   
Total noncurrent assets:2,435 2,4342,9142,8173,006
TOTAL ASSETS:2,522 2,5733,0212,8953,115
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities57 57835056
Accounts payable10 24381616
Accrued liabilities14 11221211
Employee-related liabilities11     
Taxes payable9 811811
Interest and dividends payable13 12121217
Deferred revenue10 13
Estimated litigation liability5     
Accrued environmental loss contingencies3 2234
Due to related parties  0010
Deferred revenue and credits4 
Contract with customer, liability11
Other liabilities4 12131111
Total current liabilities:79 841106972
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,355 1,4701,2581,0511,240
Long-term debt, excluding current maturities1,355 1,4701,2581,051 
Other undisclosed long-term debt and lease obligation     1,240
Liabilities, other than long-term debt77 22843238570
Deferred revenue and credits1357
Deferred revenue43 39
Contract with customer, liability40
Accrued environmental loss contingencies3 3325
Other liabilities32 8578
Business combination, contingent consideration, liability  178384363 
Other undisclosed noncurrent liabilities     563
Total noncurrent liabilities:1,433 1,6981,6891,4361,874
Total liabilities:1,512 1,7821,7991,5051,946
Temporary equity, carrying amount106     
Stockholders' equity
Stockholders' equity attributable to noncontrolling interest     11
Other undisclosed stockholders' equity904 7911,2211,3901,158
Total stockholders' equity:904 7911,2211,3901,170
TOTAL LIABILITIES AND EQUITY:2,522 2,5733,0212,8953,115

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues4 444507489402
Revenue, net489402
Cost of revenue(5) (271)(312)(267)(27)
Cost of goods and services sold(82) (63)(108)(57)(27)
Gross profit:(2) 172195222375
Operating expenses(70) (131)(60)(244) 
Other operating income (expense), net(1) 0(0)00
Operating income (loss):(72) 42135(22)375
Nonoperating expense
(Investment Income, Nonoperating)
(14)     
Interest and debt expense(70) (74)(61)(90)(64)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes127 2(21)200(319)
Income (loss) from continuing operations before equity method investments, income taxes:(28) (31)5389(8)
Income (loss) from equity method investments8 (338)(11)(2)(30)
Income (loss) from continuing operations before income taxes:(20) (369)4286(38)
Income tax expense (benefit)0 (1)(0)(0)(0)
Net income (loss):(20) (370)4286(38)
Net income (loss) attributable to noncontrolling interest   (0)(0)0
Other undisclosed net loss attributable to parent(17)    (3)
Net income (loss) available to common stockholders, diluted:(37) (370)4286(41)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(20) (370)4286(38)
Comprehensive income (loss):(20) (370)4286(38)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (0)(0)0
Comprehensive income (loss), net of tax, attributable to parent:(20) (370)4286(38)

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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