Summit Midstream Partners, LP (SMLP) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5417192619
Cash and cash equivalents5417192619
Receivables102987297848454
Other current assets5444333
Other undisclosed current assets27      
Total current assets:1391067810910711376
Noncurrent Assets
Finance lease, right-of-use asset3
Operating lease, right-of-use asset4
Property, plant and equipment1,8821,9641,7951,8541,4641,236980
Long-term investments and receivables310649690707   
Long-term investments310649690707   
Intangible assets, net (including goodwill)(87)290318438454529569
Goodwill(319)1616161662116
Intangible assets, net (excluding goodwill)232273301421438467453
Other noncurrent assets1012147161715
Other undisclosed noncurrent assets313      
Total noncurrent assets:2,4342,9142,8173,0061,9341,7821,564
TOTAL ASSETS:2,5733,0212,8953,1152,0411,8951,640
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities57835056464025
Accounts payable24381616191318
Accrued liabilities11221211   
Taxes payable8118111097
Interest and dividends payable121212171719 
Deferred revenue13
Accrued environmental loss contingencies2234   
Due to related parties001013 
Deferred revenue and credits4 122
Contract with customer, liability11
Other liabilities1213111111129
Other undisclosed current liabilities      13
Total current liabilities:841106972605748
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4701,2581,0511,240944  
Long-term debt, excluding current maturities1,4701,2581,051    
Other undisclosed long-term debt and lease obligation   1,240944  
Liabilities, other than long-term debt22843238570535730
Deferred revenue and credits1357455530
Deferred revenue39
Contract with customer, liability40
Accrued environmental loss contingencies3325   
Other liabilities8578720
Business combination, contingent consideration, liability178384363   
Other undisclosed noncurrent liabilities   563 814592
Total noncurrent liabilities:1,6981,6891,4361,874997871622
Total liabilities:1,7821,7991,5051,9461,056928671
Stockholders' equity
Stockholders' equity attributable to noncontrolling interest   11   
Other undisclosed stockholders' equity7911,2211,3901,158984967969
Total stockholders' equity:7911,2211,3901,170984967969
TOTAL LIABILITIES AND EQUITY:2,5733,0212,8953,1152,0411,8951,640

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues444507489402371331243
Revenue, net489402371332244
Cost of revenue(271)(312)(267)(27)(215)(216)(149)
Cost of goods and services sold(63)(108)(57)(27)(31)(58)(31)
Gross profit:17219522237515611493
Operating expenses(131)(60)(244) (295)(96)(30)
Other operating income (expense), net0(0)0001 
Operating income (loss):42135(22)375(139)2064
Nonoperating income (expense)     0(0)
Investment income, nonoperating     0 
Other nonoperating expense      (0)
Interest and debt expense(74)(61)(90)(64)(49)(40)(19)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes2(21)200(319) (0) 
Income (loss) from continuing operations before equity method investments, income taxes:(31)5389(8)(187)(21)44
Loss from equity method investments(338)(11)(2)(30)   
Income (loss) from continuing operations before income taxes:(369)4286(38)(187)(21)44
Income tax expense (benefit)(1)(0)(0)(0)1(1)(1)
Net income (loss):(370)4286(38)(187)(21)44
Net income (loss) attributable to noncontrolling interest (0)(0)0   
Other undisclosed net loss attributable to parent   (3)(5)(3)(0)
Net income (loss) available to common stockholders, diluted:(370)4286(41)(192)(24)44

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(370)4286(38)(187)(21)44
Comprehensive income (loss):(370)4286(38)(187)(21)44
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)(0)0   
Comprehensive income (loss), net of tax, attributable to parent:(370)4286(38)(187)(21)44

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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