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 investments | 1,675 | 1,718 | 5,099 | 2,934 | 321 | 957 | 6,571 | ||
| Cash and cash equivalents | 1,675 | 1,718 | 5,099 | 2,934 | 321 | 957 | 6,571 | ||
| Restricted cash and investments | 600 | ||||||||
| Receivables | 19,466 | 6,670 | 6,852 | 6,977 | 13,594 | 7,199 | 3,976 | ||
| Prepaid expense | 629 | 595 | 1,193 | 931 | 2,670 | 2,041 | 744 | ||
| Derivative instruments and hedges, assets | 226 | 3,044 | 942 | 4,568 | 21,010 | ||||
| Other undisclosed current assets | 664 | ||||||||
| Total current assets: | 22,434 | 8,983 | 13,370 | 13,886 | 17,527 | 14,765 | 32,901 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,428 | ✕ | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 122,895 | 155,228 | 198,334 | 213,145 | 222,820 | 227,054 | |||
| Intangible assets, net (including goodwill), including: | 118,329 | 131,786 | 145,246 | 158,706 | 172,166 | 185,766 | 199,741 | ||
| Intangible assets, net (excluding goodwill) | 118,329 | 131,786 | 145,246 | 158,706 | 172,166 | 185,766 | |||
| Other undisclosed intangible assets, net (including goodwill) | 199,741 | ||||||||
| Derivative instruments and hedges | 876 | 1,318 | 3,964 | 10,008 | |||||
| Deferred costs | 2,091 | ||||||||
| Other noncurrent assets | 75 | 129 | 285 | 418 | 552 | 776 | 1,596 | ||
| Other undisclosed noncurrent assets | 118,433 | 89,635 | 100,311 | 114,465 | 123,715 | 111,614 | |||
| Total noncurrent assets: | 238,265 | 344,445 | 401,070 | 472,799 | 510,896 | 524,940 | 440,490 | ||
| TOTAL ASSETS: | 260,699 | 353,428 | 414,440 | 486,685 | 528,423 | 539,705 | 473,391 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 3,225 | 4,420 | 5,347 | 4,678 | 1,782 | 951 | 689 | ||
| Accrued liabilities | 359 | 359 | 359 | 359 | 371 | 706 | 689 | ||
| Other undisclosed accounts payable and accrued liabilities | 2,866 | 4,061 | 4,988 | 4,319 | 1,411 | 245 | |||
| Debt | 8,841 | 110,233 | 39,374 | ||||||
| Derivative instruments and hedges, liabilities | 985 | 6 | 756 | 740 | |||||
| Due to related parties | 12,869 | 25,737 | 5,600 | 10,400 | 7,000 | 1,000 | |||
| Disposal group, including discontinued operation | 79 | ||||||||
| Other liabilities | 125 | 151 | |||||||
| Other undisclosed current liabilities | 398,137 | 345,564 | 990 | 400 | 324 | 752 | 7,323 | ||
| Total current liabilities: | 423,151 | 485,954 | 46,696 | 10,809 | 13,413 | 9,443 | 9,012 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 40,270 | 109,437 | 178,582 | 187,808 | 151,322 | 107,000 | |||
| Long-term debt, excluding current maturities | 39,488 | 109,437 | 178,582 | 187,808 | 151,322 | 107,000 | |||
| Operating lease, liability | 782 | ✕ | ✕ | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 22,398 | 21,018 | 12,419 | 12,057 | 12,598 | 19,205 | 20,364 | ||
| Asset retirement obligations | 4,700 | 7,465 | 6,898 | 6,200 | 6,074 | 13,579 | 20,364 | ||
| Due to related parties | 10,215 | 12,137 | 4,892 | ||||||
| Other liabilities | 7,483 | 1,416 | 629 | 5,857 | 6,251 | 4,270 | |||
| Derivative instruments and hedges, liabilities | 273 | 1,356 | |||||||
| Other undisclosed noncurrent liabilities | 281,688 | 193,077 | |||||||
| Total noncurrent liabilities: | 62,668 | 21,018 | 403,544 | 190,639 | 200,406 | 170,527 | 320,441 | ||
| Total liabilities: | 485,819 | 506,972 | 450,240 | 201,448 | 213,819 | 179,970 | 329,453 | ||
| Temporary equity, carrying amount | 349,857 | 343,912 | 342,991 | ||||||
| Stockholders' equity | |||||||||
| Other undisclosed stockholders' equity | (225,120) | (153,544) | (35,800) | (64,620) | (29,308) | 16,744 | 143,938 | ||
| Total stockholders' equity: | (225,120) | (153,544) | (35,800) | (64,620) | (29,308) | 16,744 | 143,938 | ||
| TOTAL LIABILITIES AND EQUITY: | 260,699 | 353,428 | 414,440 | 486,685 | 528,423 | 539,705 | 473,391 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 51,482 | 56,993 | 76,649 | 83,610 | 92,299 | 70,466 | 68,428 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 88,149 | 70,685 | 11,725 | |
| Operating lease, lease income | 51,482 | 44,671 | ✕ | ✕ | ✕ | ✕ | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 53,025 | ✕ | ✕ | ✕ | |
| 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: | 21,467 | 29,696 | 44,399 | 47,861 | 41,517 | 19,554 | 32,378 | |
| 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) | 13,437 | 3,983 | (26,121) | (123,482) | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 643 | 71 | 5,860 | 546 | (2,417) | 50 | 670 | |
| 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) | 4,479 | 2,831 | 12,859 | 7,885 | 2,382 | ||
| 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 operations | 878 | |||||||
| 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.