Summit Midstream Partners, LP (SMLP) financial statements (2021 and earlier)
Company profile
| Business Address |
1790 HUGHES LANDING BOULEVARD THE WOODLANDS, TX 77380 |
| 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)
| 12/31/2020 | 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 investments | 16 | 5 | 4 | 1 | 7 | 19 | 26 | ||
| Cash and cash equivalents | 16 | 5 | 4 | 1 | 7 | 19 | 26 | ||
| Receivables | 62 | 102 | 98 | 72 | 97 | 84 | 84 | ||
| Other current assets | 5 | 5 | 4 | 4 | 4 | 3 | 3 | ||
| Other undisclosed current assets | 27 | ||||||||
| Total current assets: | 82 | 139 | 106 | 78 | 109 | 107 | 113 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 4 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 1,818 | 1,882 | 1,964 | 1,795 | 1,854 | 1,464 | 1,236 | ||
| Long-term investments and receivables | 393 | 310 | 649 | 690 | 707 | ||||
| Long-term investments | 393 | 310 | 649 | 690 | 707 | ||||
| Intangible assets, net (including goodwill) | 200 | (87) | 290 | 318 | 438 | 454 | 529 | ||
| Goodwill | (319) | 16 | 16 | 16 | 16 | 62 | |||
| Intangible assets, net (excluding goodwill) | 200 | 232 | 273 | 301 | 421 | 438 | 467 | ||
| Other noncurrent assets | 8 | 10 | 12 | 14 | 7 | 16 | 17 | ||
| Other undisclosed noncurrent assets | 313 | ||||||||
| Total noncurrent assets: | 2,418 | 2,434 | 2,914 | 2,817 | 3,006 | 1,934 | 1,782 | ||
| TOTAL ASSETS: | 2,500 | 2,573 | 3,021 | 2,895 | 3,115 | 2,041 | 1,895 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 52 | 57 | 83 | 50 | 56 | 46 | 40 | ||
| Accounts payable | 12 | 24 | 38 | 16 | 16 | 19 | 13 | ||
| Accrued liabilities | 13 | 11 | 22 | 12 | 11 | ||||
| Employee-related liabilities | 10 | ||||||||
| Taxes payable | 9 | 8 | 11 | 8 | 11 | 10 | 9 | ||
| Interest and dividends payable | 8 | 12 | 12 | 12 | 17 | 17 | 19 | ||
| Deferred revenue | 10 | 13 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Accrued environmental loss contingencies | 1 | 2 | 2 | 3 | 4 | ||||
| Due to related parties | 0 | 0 | 1 | 0 | 1 | 3 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 4 | 1 | 2 | |||
| Contract with customer, liability | ✕ | ✕ | 11 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 5 | 12 | 13 | 11 | 11 | 11 | 12 | ||
| Total current liabilities: | 68 | 84 | 110 | 69 | 72 | 60 | 57 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,347 | 1,470 | 1,258 | 1,051 | 1,240 | 944 | |||
| Long-term debt, excluding current maturities | 1,347 | 1,470 | 1,258 | 1,051 | |||||
| Other undisclosed long-term debt and lease obligation | 1,240 | 944 | |||||||
| Liabilities, other than long-term debt | 72 | 228 | 432 | 385 | 70 | 53 | 57 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 13 | 57 | 45 | 55 | ||
| Deferred revenue | 48 | 39 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | 40 | ✕ | ✕ | ✕ | ✕ | ||
| Accrued environmental loss contingencies | 2 | 3 | 3 | 2 | 5 | ||||
| Other liabilities | 22 | 8 | 5 | 7 | 8 | 7 | 2 | ||
| Business combination, contingent consideration, liability | 178 | 384 | 363 | ||||||
| Other undisclosed noncurrent liabilities | 563 | 814 | |||||||
| Total noncurrent liabilities: | 1,419 | 1,698 | 1,689 | 1,436 | 1,874 | 997 | 871 | ||
| Total liabilities: | 1,487 | 1,782 | 1,799 | 1,505 | 1,946 | 1,056 | 928 | ||
| Temporary equity, carrying amount | 90 | ||||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to noncontrolling interest | 11 | ||||||||
| Other undisclosed stockholders' equity | 923 | 791 | 1,221 | 1,390 | 1,158 | 984 | 967 | ||
| Total stockholders' equity: | 923 | 791 | 1,221 | 1,390 | 1,170 | 984 | 967 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,500 | 2,573 | 3,021 | 2,895 | 3,115 | 2,041 | 1,895 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 383 | 444 | 507 | 489 | 402 | 371 | 331 | |
| Revenue, net | ✕ | ✕ | ✕ | 489 | 402 | 371 | 332 | |
| Cost of revenue | (238) | (271) | (312) | (267) | (27) | (215) | (216) | |
| Cost of goods and services sold | (37) | (63) | (108) | (57) | (27) | (31) | (58) | |
| Gross profit: | 145 | 172 | 195 | 222 | 375 | 156 | 114 | |
| Operating expenses | (92) | (131) | (60) | (244) | (295) | (96) | ||
| Other operating income (expense), net | 0 | 0 | (0) | 0 | 0 | 0 | 1 | |
| Operating income (loss): | 53 | 42 | 135 | (22) | 375 | (139) | 20 | |
| Nonoperating income (Investment Income, Nonoperating) | 0 | |||||||
| Interest and debt expense | 124 | (74) | (61) | (90) | (64) | (49) | (40) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 2 | (21) | 200 | (319) | (0) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 178 | (31) | 53 | 89 | (8) | (187) | (21) | |
| Income (loss) from equity method investments | 11 | (338) | (11) | (2) | (30) | |||
| Income (loss) from continuing operations before income taxes: | 189 | (369) | 42 | 86 | (38) | (187) | (21) | |
| Income tax expense (benefit) | 0 | (1) | (0) | (0) | (0) | 1 | (1) | |
| Net income (loss): | 189 | (370) | 42 | 86 | (38) | (187) | (21) | |
| Net income (loss) attributable to noncontrolling interest | 3 | (0) | (0) | 0 | ||||
| Other undisclosed net loss attributable to parent | (3) | (5) | (3) | |||||
| Net income (loss) available to common stockholders, diluted: | 192 | (370) | 42 | 86 | (41) | (192) | (24) | |
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 (loss): | 189 | (370) | 42 | 86 | (38) | (187) | (21) | |
| Comprehensive income (loss): | 189 | (370) | 42 | 86 | (38) | (187) | (21) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 3 | (0) | (0) | 0 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 192 | (370) | 42 | 86 | (38) | (187) | (21) | |
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.