Calumet Specialty Products Partners, L.P. CLMT Balance Sheet

Calumet specialty products partners, l.p. (CLMT)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Current assets:
Cash and cash equivalents
103	19	164	173	152	155	65	38	146	164	26	26	4	4	17	32	7	5	6	11	272	8	7	14	179	121	133	163	10	32	190	65	6	0	0	0	0
Restricted Cash
-	-	-	-	0	-	0	0	350	350	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, net:
Accounts receivable, net
176	175	216	232	241	-	259	269	240	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade, less allowance for doubtful accounts of $0.9 million and $1.5 million, respectively
-	-	-	-	-	177	-	-	-	265	338	277	240	182	239	242	209	195	259	295	307	326	452	446	388	250	294	298	305	219	261	247	286	208	198	203	157
Other
11	13	24	27	24	20	21	32	39	88	2	11	5	22	40	27	22	15	23	14	13	23	9	11	5	13	7	9	6	7	2	1	5	3	34	2	0
Total accounts receivable
187	188	240	259	265	198	281	302	280	354	341	289	246	204	280	270	231	210	283	310	320	349	461	458	394	263	302	307	312	226	264	248	291	212	232	206	157
Inventories
222	292	293	285	291	284	363	334	325	314	324	438	436	357	409	444	429	384	427	553	519	513	640	717	675	567	559	589	622	553	494	513	506	497	446	258	147
Derivative assets
22	0	0	0	28	18	10	3	-	0	0	1	1	0	0	4	-	0	0	1	0	23	54	43	17	0	22	14	1	3	0	14	0	58	-	-	0
Prepaid expenses and other current assets
8	11	11	11	17	13	14	10	18	8	15	13	13	10	15	11	6	8	11	10	3	9	20	22	16	18	10	19	17	10	10	11	6	8	4	3	1
Current assets held for sale
-	-	-	-	-	-	-	-	-	-	125	-	-	62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	6	3	0	3	2	0	2	7	3	7	3	2	2	14	2
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	6	1	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-
Total current assets
544	512	710	730	755	670	735	689	1,120	1,191	833	769	702	640	724	763	675	609	734	892	1,118	904	1,192	1,259	1,284	974	1,031	1,094	965	833	963	861	814	778	686	483	309
Cash and Cash Equivalents, at Carrying Value
103	19	164	173	152	155	65	38	146	164	26	26	-	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	190	65	6	-	0	0	0
Property, plant and equipment, net
964	973	1,050	1,055	1,069	1,098	1,115	1,135	1,149	1,159	1,410	1,633	1,654	1,632	1,695	1,705	1,727	1,719	1,667	1,588	1,520	1,464	1,385	1,261	1,221	1,160	1,118	1,108	1,084	986	863	856	861	842	843	607	612
Investment in unconsolidated affiliates
-	-	5	9	25	25	25	25	35	35	9	10	10	9	5	6	115	126	140	170	157	137	94	72	51	33	19	16	-	1	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	263	-	-	-	-	-
Goodwill
172	171	171	171	171	171	171	171	171	171	172	177	177	177	178	178	212	212	212	245	245	245	280	279	272	207	197	192	190	187	161	50	49	48	48	48	48
Other intangible assets, net
68	71	75	79	83	88	93	97	102	107	153	162	170	133	187	197	206	214	224	235	247	257	268	273	284	212	178	184	190	197	203	27	31	22	24	26	29
Operating Lease, Right-of-Use Asset
78	93	110	123	134	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Tax Assets, Net, Noncurrent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other noncurrent assets, net
33	36	37	36	30	34	36	25	26	23	18	36	33	40	48	55	61	64	100	99	109	73	111	114	102	100	95	87	56	46	47	52	43	40	39	30	17
Noncurrent assets held for sale
-	-	-	-	-	-	-	-	-	-	215	-	-	91	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
1,862	1,857	2,161	2,207	2,270	2,087	2,177	2,144	2,606	2,688	2,813	2,788	2,748	2,725	2,840	2,906	2,998	2,944	3,079	3,233	3,399	3,085	3,332	3,261	3,217	2,688	2,641	2,684	2,499	2,253	2,239	2,111	1,799	1,732	1,641	1,196	1,016
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities:
Accounts payable
158	230	270	252	237	200	252	257	271	282	261	312	311	275	288	316	288	316	366	434	348	419	528	571	566	355	454	416	415	332	336	247	339	302	232	236	146
Accounts payable - related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	1	1	27
Accrued interest payable
46	32	40	29	44	30	45	30	54	52	55	52	55	52	55	40	45	31	46	32	38	37	42	43	15	22	28	21	28	23	30	10	24	10	-	-	-
Accrued salaries, wages and benefits
22	35	31	26	20	25	31	30	24	35	32	22	17	11	12	13	23	32	33	29	23	21	23	18	18	14	13	16	17	20	19	12	8	13	11	7	7
Accrued income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	27	-	-	-	0	-	-	-
Other taxes payable
13	11	21	17	18	15	24	21	15	16	24	21	20	20	23	21	17	17	24	19	15	17	22	16	17	16	22	18	13	13	16	15	12	12	8	8	7
Obligations under inventory financing agreements
-	-	-	-	-	105	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Obligations under inventory financing agreements
95	134	117	125	111	-	137	108	107	103	92	103	31	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Liabilities, Current
50	58	70	79	70	33	27	22	19	73	59	46	52	99	138	144	143	119	62	67	78	40	41	38	35	36	28	41	21	9	9	7	4	4	7	7	16
Current portion of operating lease liabilities
49	60	62	62	61	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Debt and Lease Obligation, Current
2	1	123	2	2	3	2	2	392	354	4	3	3	3	3	1	1	1	1	0	272	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	4
Note payable related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	39	72	73	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative liabilities
-	-	-	-	-	-	0	0	0	6	8	2	4	14	11	10	29	33	22	18	22	5	0	0	4	54	2	0	25	48	95	45	90	43	160	137	32
Discontinued operations, current liabilities
-	-	-	-	-	-	0	0	2	2	74	-	-	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
437	565	737	595	566	415	522	473	887	925	612	564	496	498	551	587	621	626	557	602	798	543	660	689	657	500	550	514	522	475	508	339	483	388	423	399	243
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	1	2	2	-	2	2	2	2	14	22	27	32	31	29	25	1	-	-	-	-	-	-	-	-	-	-	-
Pension and postretirement benefit obligations
7	7	4	4	4	4	2	3	3	3	3	10	11	11	11	12	12	13	18	19	19	20	10	11	11	11	21	22	23	24	18	26	26	26	25	8	9
Other long-term liabilities
20	20	1	1	1	1	1	1	1	1	0	0	0	3	1	1	0	0	0	0	1	0	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1
Long-term operating lease liabilities
30	33	48	62	73	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt, less current portion
1,358	1,209	1,306	1,475	1,541	1,600	1,600	1,599	1,598	1,638	1,986	1,986	2,023	1,993	1,979	1,972	1,883	1,698	1,724	1,717	1,614	1,678	1,683	1,578	1,518	1,110	863	863	892	862	862	862	665	586	642	428	364
Noncurrent liabilities held for sale
-	-	-	-	-	-	-	-	-	-	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
1,855	1,836	2,098	2,140	2,186	2,021	2,126	2,077	2,490	2,568	2,611	2,564	2,534	2,506	2,545	2,575	2,520	2,340	2,315	2,361	2,460	2,274	2,386	2,310	2,214	1,625	1,436	1,401	1,439	1,363	1,390	1,229	1,177	1,003	1,092	837	618
Commitments and contingencies
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	0	0	0	0	0	-	0	0	0	0	0
Partners’ capital:
Limited partners’ interest 77,956,842 units and 77,560,355 units issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
6	20	57	61	77	61	43	58	108	113	194	216	205	211	287	319	461	578	737	841	894	765	879	917	975	1,079	1,145	1,230	1,056	884	877	870	689	666	652	462	407
General partner’s interest
11	12	12	12	13	12	12	12	13	13	15	16	15	15	17	18	20	27	30	32	34	30	32	33	34	36	37	39	35	30	29	29	24	23	23	19	18
Accumulated other comprehensive loss
-10	-10	-7	-7	-7	-8	-4	-5	-7	-7	-8	-8	-8	-8	-10	-5	-3	-1	-4	-2	10	13	33	0	-6	-53	21	12	-30	-25	-58	-18	-91	38	-126	-123	-27
Total partners’ capital
7	21	62	67	83	65	51	66	115	119	201	224	213	218	294	331	478	603	763	871	939	810	945	950	1,003	1,062	1,204	1,282	1,060	889	848	881	622	728	548	358	398
Total liabilities and partners’ capital
1,862	1,857	2,161	2,207	2,270	2,087	2,177	2,144	2,606	2,688	2,813	2,788	2,748	2,725	2,840	2,906	2,998	2,944	3,079	3,233	3,399	3,085	3,332	3,261	3,217	2,688	2,641	2,684	2,499	2,253	2,239	2,111	1,799	1,732	1,641	1,196	1,016
Consolidated Entities [Member]
Cash and Cash Equivalents, at Carrying Value
-	-	0	173	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables, Net, Current
-	-	0	259	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory, Net
-	-	0	285	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
-	-	0	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets, Current
-	-	0	730	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property, plant and equipment, net
-	-	0	1,055	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other noncurrent assets, net
-	-	0	169	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets
-	-	0	2,207	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	0	252	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term debt
-	-	0	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities, Current
-	-	0	595	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
-	-	0	67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt, less current portion
-	-	0	1,475	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities
-	-	0	2,140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partners' Capital
-	-	0	67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities and Equity
-	-	0	2,207	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Limited Partner
Total partners’ capital
6	20	57	61	77	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General Partner
Partners' Capital
-	-	-	-	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-