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 investments1654171926
Cash and cash equivalents1654171926
Receivables621029872978484
Other current assets5544433
Other undisclosed current assets 27     
Total current assets:8213910678109107113
Noncurrent Assets
Finance lease, right-of-use asset 3
Operating lease, right-of-use asset 4
Property, plant and equipment1,8181,8821,9641,7951,8541,4641,236
Long-term investments and receivables393310649690707  
Long-term investments393310649690707  
Intangible assets, net (including goodwill)200(87)290318438454529
Goodwill (319)1616161662
Intangible assets, net (excluding goodwill)200232273301421438467
Other noncurrent assets810121471617
Other undisclosed noncurrent assets 313     
Total noncurrent assets:2,4182,4342,9142,8173,0061,9341,782
TOTAL ASSETS:2,5002,5733,0212,8953,1152,0411,895
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities52578350564640
Accounts payable12243816161913
Accrued liabilities1311221211  
Employee-related liabilities10      
Taxes payable9811811109
Interest and dividends payable8121212171719
Deferred revenue1013
Accrued environmental loss contingencies12234  
Due to related parties 001013
Deferred revenue and credits4 12
Contract with customer, liability11
Other liabilities5121311111112
Total current liabilities:688411069726057
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,3471,4701,2581,0511,240944 
Long-term debt, excluding current maturities1,3471,4701,2581,051   
Other undisclosed long-term debt and lease obligation    1,240944 
Liabilities, other than long-term debt72228432385705357
Deferred revenue and credits13574555
Deferred revenue4839
Contract with customer, liability40
Accrued environmental loss contingencies23325  
Other liabilities22857872
Business combination, contingent consideration, liability 178384363   
Other undisclosed noncurrent liabilities    563 814
Total noncurrent liabilities:1,4191,6981,6891,4361,874997871
Total liabilities:1,4871,7821,7991,5051,9461,056928
Temporary equity, carrying amount90      
Stockholders' equity
Stockholders' equity attributable to noncontrolling interest    11  
Other undisclosed stockholders' equity9237911,2211,3901,158984967
Total stockholders' equity:9237911,2211,3901,170984967
TOTAL LIABILITIES AND EQUITY:2,5002,5733,0212,8953,1152,0411,895

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
Revenues383444507489402371331
Revenue, net489402371332
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:145172195222375156114
Operating expenses(92)(131)(60)(244) (295)(96)
Other operating income (expense), net00(0)0001
Operating income (loss):5342135(22)375(139)20
Nonoperating income
(Investment Income, Nonoperating)
      0
Interest and debt expense124(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)5389(8)(187)(21)
Income (loss) from equity method investments11(338)(11)(2)(30)  
Income (loss) from continuing operations before income taxes:189(369)4286(38)(187)(21)
Income tax expense (benefit)0(1)(0)(0)(0)1(1)
Net income (loss):189(370)4286(38)(187)(21)
Net income (loss) attributable to noncontrolling interest3 (0)(0)0  
Other undisclosed net loss attributable to parent    (3)(5)(3)
Net income (loss) available to common stockholders, diluted:192(370)4286(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)4286(38)(187)(21)
Comprehensive income (loss):189(370)4286(38)(187)(21)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3 (0)(0)0  
Comprehensive income (loss), net of tax, attributable to parent:192(370)4286(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.

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