USD Partners LP (USDP) financial statements (2020 and earlier)

Company profile

Business Address 811 MAIN STREET
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
SIC 4013 - Railroad Switching and Terminal Establishments (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments368121140
Cash and cash equivalents368121140
Restricted cash and investments  6556
Receivables765567
Prepaid expense22910103
Contract with customer, asset00
Other current assets110   
Other undisclosed current assets76 347
Total current assets:212128353564
Noncurrent Assets
Operating lease, right-of-use asset12
Property, plant and equipment14814514712613384
Long-term investments and receivables000   
Due from related parties000   
Intangible assets, net (including goodwill)108120133146159 
Goodwill3434343434 
Intangible assets, net (excluding goodwill)748799112125 
Prepaid expense110013
Deferred costs     3
Total noncurrent assets:26926628027129390
TOTAL ASSETS:290287307306328154
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:333244
Other undisclosed accounts payable and accrued liabilities333244
Deferred revenue6
Debt5     
Due to related parties000000
Deferred revenue and credits22272216
Contract with customer, liability3
Other liabilities332431
Other undisclosed current liabilities125455
Total current liabilities:191232373526
Noncurrent Liabilities
Long-term debt and lease obligation22520620122123981
Long-term debt, excluding current maturities21820620122123981
Operating lease, liability7
Liabilities, other than long-term debt500134
Deferred revenue and credits 024
Deferred tax liabilities, net  11 
Deferred income tax liabilities0
Other liabilities400   
Other undisclosed noncurrent liabilities 01 22
Total noncurrent liabilities:23020620222224487
Total liabilities:249218234259279113
Stockholders' equity
Stockholders' equity attributable to parent(0)(3)2(1)(0)(0)
Accumulated other comprehensive income (loss)(0)(3)2(1)(0)(0)
Other undisclosed stockholders' equity417272485041
Total stockholders' equity:416973475041
TOTAL LIABILITIES AND EQUITY:290287307306328154

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenue, net2389
Gross profit:1141191111118236
Operating expenses(93)(90)(80)(78)(59)(35)
Operating income:21293133221
Nonoperating income (expense)(2)0(0)10(5)
Investment income, nonoperating(1)0(1)(0)  
Foreign currency transaction gain (loss), before tax(0)0010(5)
Other nonoperating income (expense)0(0)0   
Interest and debt expense(12)(11)(10)(10)(4)(5)
Other undisclosed income from continuing operations before equity method investments, income taxes000052
Income (loss) from continuing operations before income taxes:718212323(7)
Income tax expense (benefit)(1)311(6)(0)
Net income (loss) available to common stockholders, diluted:721222418(8)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):721222418(8)
Other comprehensive loss     (1)
Comprehensive income (loss):721222418(8)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3(5)3(1)(0)2
Comprehensive income (loss), net of tax, attributable to parent:916252318(6)

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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