Sprague Resources LP (SRLP) financial statements (2023 and earlier)

Company profile

Business Address 185 INTERNATIONAL DRIVE
PORTSMOUTH, NH 03801
State of Incorp. DE
Fiscal Year End December 31
SIC 5171 - Petroleum Bulk stations and Terminals (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments14587331
Cash and cash equivalents14587331
Receivables280193282270317222161
Inventory, net of allowances, customer advances and progress billings440256293260336319241
Inventory440256293260336319241
Derivative instruments and hedges, assets1411467815310767158
Other current assets2267649404357
Total current assets:884666722699806654648
Noncurrent Assets
Property, plant and equipment324335348350350251251
Intangible assets, net (including goodwill)1491561651751879485
Goodwill1151151151151157163
Intangible assets, net (excluding goodwill)34415060722322
Derivative instruments and hedges332017127  
Other noncurrent assets2822249121416
Total noncurrent assets:534534554546556359352
TOTAL ASSETS:1,4181,1991,2761,2451,3631,0121,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities271144191264254187139
Accounts payable1949714819820513891
Accrued liabilities77474366494848
Debt4983624401111
Derivative instruments and hedges, liabilities19615474901579537
Asset retirement obligation 1111  
Due to related parties111168111414
Business combination, contingent consideration, liability  8    
Other liabilities9      
Other undisclosed current liabilities 33160281154333
Total current liabilities:983675722523704451524
Noncurrent Liabilities
Long-term debt and lease obligation3883883865074504287
Long-term debt, excluding current maturities377382375507450 284
Capital lease obligations  44
Operating lease, liability11612
Liabilities, other than long-term debt11278731810116
Asset retirement obligations   3   
Deferred tax liabilities, net   15
Deferred income tax liabilities141616
Due to related parties2322211
Other liabilities323941    
Derivative instruments and hedges, liabilities642013128  
Other undisclosed noncurrent liabilities   616743115
Total noncurrent liabilities:501466460585527436319
Total liabilities:1,4841,1411,1821,1081,231887843
Stockholders' equity
Stockholders' equity attributable to parent(16)(26)(20)(12)(9)(11)(12)
Accumulated other comprehensive loss(16)(26)(20)(12)(9)(11)(12)
Other undisclosed stockholders' equity(49)85113148141136169
Total stockholders' equity:(66)5994137132125157
TOTAL LIABILITIES AND EQUITY:1,4181,1991,2761,2451,3631,0121,000

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,4982,3363,5023,7712,8552,3903,482
Revenue, net2,8552,3903,482
Cost of revenue(3,386)(2)(3,340)(3,560)(2,718)(2,285)(3,304)
Cost of goods and services sold(3,343)(2)(3,228) (2,603)(2,179)(3,189)
Gross profit:1122,334162212137105178
Operating expenses(154)(2,264)(85)(89)(72)(66)(71)
Other operating income, net10      
Other undisclosed operating income 10     
Operating income (loss):(32)80771236440107
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 2(0)00(0)0
Interest and debt expense(34)(41)(43)(39)(31)(28)(27)
Other undisclosed income from continuing operations before equity method investments, income taxes 011000
Income (loss) from continuing operations before equity method investments, income taxes:(66)413585331280
Other undisclosed income from continuing operations before income taxes0      
Income (loss) from continuing operations before income taxes:(66)413585331280
Income tax expense(3)(7)(3)(5)(4)(2)(2)
Net income (loss) available to common stockholders, diluted:(69)343180291078

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(69)343180291078
Other comprehensive income (loss)   (3)21(2)
Comprehensive income (loss):(69)343177311177
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9(6)(8)    
Comprehensive income (loss), net of tax, attributable to parent:(59)282377311177

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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