Black stone minerals, l.p. (BSM)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14
ASSETS
CURRENT ASSETS
Cash and cash equivalents

3

8

1

3

4

5

4

7

6

5

8

7

9

4

9

5

13

5

6

8

14

Accounts receivable

58

78

84

95

103

113

111

99

92

80

68

72

68

64

53

44

41

52

54

50

74

Commodity derivative assets

96

14

33

24

4

37

0

0

0

0

4

13

0

13

13

46

48

34

8

38

37

Prepaid expenses and other current assets

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

1

0

1

1

10

8

TOTAL CURRENT ASSETS

159

102

121

126

113

157

117

107

100

87

83

94

78

84

78

97

103

93

70

108

134

PROPERTY AND EQUIPMENT
Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of $1,073,475 and $1,073,447 at March 31, 2020 and December 31, 2019, respectively

3,291

3,302

3,403

3,501

3,477

3,441

3,461

3,367

3,320

3,247

2,892

2,850

2,697

2,680

2,646

2,509

2,482

2,481

2,427

2,394

2,379

Accumulated depreciation, depletion, amortization, and impairment

1,938

1,870

1,948

1,921

1,893

1,865

1,830

1,813

1,794

1,766

1,736

1,707

1,652

1,630

1,601

1,571

1,543

1,430

1,382

1,232

1,191

Oil and natural gas properties, net

1,352

1,431

1,454

1,580

1,584

1,575

1,630

1,554

1,526

1,480

1,155

1,142

1,044

1,050

1,045

937

938

1,051

1,045

1,161

1,187

Other property and equipment, net of accumulated depreciation of $11,792 and $11,622 at March 31, 2020 and December 31, 2019, respectively

2

2

2

2

2

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

NET PROPERTY AND EQUIPMENT

1,355

1,434

1,457

1,582

1,586

1,575

1,630

1,554

1,527

1,481

1,156

1,143

1,044

1,050

1,045

938

938

1,051

1,046

1,162

1,189

DEFERRED CHARGES AND OTHER LONG-TERM ASSETS

7

8

17

15

12

16

6

6

7

7

6

12

5

2

2

10

19

15

2

3

2

TOTAL ASSETS

1,522

1,545

1,595

1,724

1,711

1,750

1,754

1,669

1,635

1,576

1,246

1,250

1,128

1,137

1,126

1,045

1,061

1,161

1,118

1,274

1,326

LIABILITIES, MEZZANINE EQUITY, AND EQUITY
CURRENT LIABILITIES
Accounts payable

0

5

4

5

6

4

14

2

2

2

3

3

4

4

5

4

5

28

35

31

5

Accrued liabilities

8

22

17

39

38

60

58

52

35

52

38

39

50

39

36

48

58

18

15

12

40

Commodity derivative liabilities

0

0

-

-

1

0

40

36

17

4

0

0

16

0

1

-

0

-

1

-

-

Other current liabilities

1

1

1

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

Accrued distribution payable to Predecessor unitholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52

-

TOTAL CURRENT LIABILITIES

10

29

23

45

48

64

114

92

55

59

42

43

71

44

43

52

63

46

65

95

98

LONG–TERM LIABILITIES
Credit facility

388

394

413

436

435

410

402

421

436

388

362

393

316

299

285

116

66

43

6

389

394

Accrued incentive compensation

0

2

1

1

1

1

1

3

4

3

2

2

1

6

5

3

7

8

6

3

6

Commodity derivative liabilities

0

0

0

0

0

0

11

7

0

1

0

0

0

0

1

-

0

-

2

0

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

0

0

0

3

3

3

3

3

3

3

3

Asset retirement obligations

16

15

15

15

15

14

14

14

14

14

13

13

13

11

11

10

10

10

9

9

9

Other long-term liabilities

4

6

6

81

78

55

92

60

38

19

6

-

0

-

-

-

-

-

-

-

-

TOTAL LIABILITIES

420

448

460

580

577

547

636

598

549

485

427

452

403

364

349

186

150

111

93

502

512

COMMITMENTS AND CONTINGENCIES (Note 7)

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

MEZZANINE EQUITY
Partners' equity – convertible preferred units

-

-

-

-

-

298

-

-

-

322

27

27

54

54

54

54

79

120

120

120

161

EQUITY
Partners' equity – general partner interest

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

-

-

-

Partners' equity - limited partner units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

648

-

Noncontrolling interests

-

-

-

-

-

-

0

0

0

0

0

0

1

1

1

1

1

2

2

2

-

TOTAL EQUITY

803

798

837

845

835

904

818

772

785

768

791

770

671

718

723

805

831

929

903

651

653

TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY

1,522

1,545

1,595

1,724

1,711

1,750

1,754

1,669

1,635

1,576

1,246

1,250

1,128

1,137

1,126

1,045

1,061

1,161

1,118

1,274

1,326

Series A Redeemable Preferred Units
Temporary Equity, Carrying Amount, Attributable to Parent

-

-

-

-

-

-

0

0

0

27

-

-

-

-

-

-

-

-

-

-

-

Series B Cumulative Convertible Preferred Units
Partners' equity – convertible preferred units

298

298

298

298

298

298

298

298

300

295

-

-

-

-

-

-

-

-

-

-

-

Common Units
Partners' equity - units

803

798

837

845

679

714

657

612

614

603

-

-

-

-

-

-

-

-

-

-

-

Subordinated Units
Partners' equity - units

-

-

0

0

155

189

160

159

170

164

-

-

-

-

-

-

-

-

-

-

-