Evolve Transition Infrastructure LP (SNMP) financial statements (2023 and earlier)

Company profile

Business Address 1360 POST OAK BLVD
HOUSTON, TX 77056
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6751,7185,0992,9343219576,571
Cash and cash equivalents1,6751,7185,0992,9343219576,571
Restricted cash and investments      600
Receivables19,4666,6706,8526,97713,5947,1993,976
Prepaid expense6295951,1939312,6702,041744
Derivative instruments and hedges, assets  2263,0449424,56821,010
Other undisclosed current assets664      
Total current assets:22,4348,98313,37013,88617,52714,76532,901
Noncurrent Assets
Operating lease, right-of-use asset1,428  
Property, plant and equipment 122,895155,228198,334213,145222,820227,054
Intangible assets, net (including goodwill), including:118,329131,786145,246158,706172,166185,766199,741
Intangible assets, net (excluding goodwill)118,329131,786145,246158,706172,166185,766 
Other undisclosed intangible assets, net (including goodwill)      199,741
Derivative instruments and hedges   8761,3183,96410,008
Deferred costs      2,091
Other noncurrent assets751292854185527761,596
Other undisclosed noncurrent assets118,43389,635100,311114,465123,715111,614 
Total noncurrent assets:238,265344,445401,070472,799510,896524,940440,490
TOTAL ASSETS:260,699353,428414,440486,685528,423539,705473,391
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,2254,4205,3474,6781,782951689
Accrued liabilities359359359359371706689
Other undisclosed accounts payable and accrued liabilities2,8664,0614,9884,3191,411245 
Debt8,841110,23339,374    
Derivative instruments and hedges, liabilities  9856756740 
Due to related parties12,86925,737 5,60010,4007,0001,000
Disposal group, including discontinued operation79      
Other liabilities   125151  
Other undisclosed current liabilities398,137345,5649904003247527,323
Total current liabilities:423,151485,95446,69610,80913,4139,4439,012
Noncurrent Liabilities
Long-term debt and lease obligation40,270 109,437178,582187,808151,322107,000
Long-term debt, excluding current maturities39,488 109,437178,582187,808151,322107,000
Operating lease, liability782  
Liabilities, other than long-term debt22,39821,01812,41912,05712,59819,20520,364
Asset retirement obligations4,7007,4656,8986,2006,07413,57920,364
Due to related parties10,21512,1374,892    
Other liabilities7,4831,4166295,8576,2514,270 
Derivative instruments and hedges, liabilities    2731,356 
Other undisclosed noncurrent liabilities  281,688   193,077
Total noncurrent liabilities:62,66821,018403,544190,639200,406170,527320,441
Total liabilities:485,819506,972450,240201,448213,819179,970329,453
Temporary equity, carrying amount   349,857343,912342,991 
Stockholders' equity
Other undisclosed stockholders' equity(225,120)(153,544)(35,800)(64,620)(29,308)16,744143,938
Total stockholders' equity:(225,120)(153,544)(35,800)(64,620)(29,308)16,744143,938
TOTAL LIABILITIES AND EQUITY:260,699353,428414,440486,685528,423539,705473,391

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues51,48256,99376,64983,61092,29970,46668,428
Revenue, net88,14970,68511,725
Operating lease, lease income51,48244,671 
Operating leases, income statement, lease revenue53,025
Cost of revenue(30,015)(27,297)(32,250)(35,749)(50,782)(50,912)(36,050)
Cost of goods and services sold    (24,671)(27,787)(22,759)
Gross profit:21,46729,69644,39947,86141,51719,55432,378
Operating expenses(10,490)(57,112)(64,241)(34,424)(37,534)(45,675)(155,860)
Operating income (loss):10,977(27,416)(19,842)13,4373,983(26,121)(123,482)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
643715,860546(2,417)50670
Interest and debt expense(112,969)(95,871)(39,789)(10,961)(8,341)(5,093)(4,207)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (9,982)
Income (loss) from continuing operations before equity method investments, income taxes:(101,349)(123,216)(53,771)3,022(6,775)(31,164)(137,001)
Income (loss) from equity method investments(54,073)4,4792,83112,8597,8852,382 
Other undisclosed income (loss) from continuing operations before income taxes    (4,150)48,013 
Income (loss) from continuing operations before income taxes:(155,422)(118,737)(50,940)15,881(3,040)19,231(137,001)
Income tax expense (benefit)5(24)(202)(190)  (55)
Income (loss) from continuing operations:(155,417)(118,761)(51,142)15,691(3,040)19,231(137,056)
Income from discontinued operations878      
Net income (loss) attributable to parent:(154,539)(118,761)(51,142)15,691(3,040)19,231(137,056)
Preferred stock dividends and other adjustments  (14,409)(3,500)(2,625) (1,425)
Other undisclosed net income (loss) available to common stockholders, basic  93,227(35,783)(35,046)(63,715)(16,337)
Net income (loss) available to common stockholders, basic:(154,539)(118,761)27,676(23,592)(40,711)(44,484)(154,818)
Other undisclosed net loss available to common stockholders, diluted  (3,244)    
Net income (loss) available to common stockholders, diluted:(154,539)(118,761)24,432(23,592)(40,711)(44,484)(154,818)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(154,539)(118,761)(51,142)15,691(3,040)19,231(137,056)
Comprehensive income (loss), net of tax, attributable to parent:(154,539)(118,761)(51,142)15,691(3,040)19,231(137,056)

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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