Calumet Specialty Products Partners, L.P. CLMT Income Statement

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

Income statement / 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	Mar'11	Sep'10	Jun'10
Sales
692,600	774,800	929,600	896,900	851,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
638,300	684,000	811,800	789,800	715,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales
-	-	-	-	-	-	-	-	-	-	-	967,000	886,500	-	966,600	972,900	713,000	615,500	1,140,000	1,156,200	1,018,600	1,339,400	1,675,800	1,434,900	1,341,000	1,243,100	1,505,500	1,354,200	1,318,600	1,220,900	1,179,800	1,087,000	1,169,600	1,018,110	777,780	733,770	605,240	595,273	514,652
Cost of sales
-	-	-	-	-	-	-	-	-	-	-	823,300	757,000	-	856,300	841,600	626,800	641,800	975,200	953,500	823,400	1,216,100	1,493,200	1,335,900	1,216,200	1,130,600	1,443,400	1,253,200	1,184,200	1,079,100	1,021,400	958,200	1,085,400	938,040	681,179	683,205	558,376	533,167	465,033
Gross profit
54,300	90,800	117,800	107,100	136,000	96,800	103,300	123,400	113,200	97,300	127,700	143,700	129,500	58,500	110,300	131,300	86,200	-26,300	164,800	202,700	195,200	123,300	182,600	99,000	124,800	112,500	62,100	101,000	134,400	141,800	158,400	128,800	84,200	80,070	96,601	50,565	46,864	62,106	49,619
Operating costs and expenses:
Selling
13,300	12,900	12,600	14,300	13,300	20,700	12,200	10,600	14,700	19,900	14,400	15,100	16,300	-13,100	26,200	26,200	30,500	-38,400	34,000	37,800	38,400	46,300	43,600	40,700	19,000	15,900	13,900	16,900	15,900	14,900	15,000	7,200	4,500	-	2,809	-	-	-	-
General and administrative
20,200	31,200	32,800	37,800	34,900	20,800	29,200	31,900	40,600	35,300	40,400	32,400	30,600	25,200	28,200	24,800	27,600	22,400	32,600	31,700	39,200	25,000	26,500	20,900	25,900	22,200	15,800	19,000	25,100	19,600	12,800	14,800	13,700	-	11,339	-	-	-	-
Transportation
30,800	27,000	28,400	31,600	35,900	37,500	36,400	33,000	30,300	-	29,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes other than income taxes
5,000	-	-	-	5,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Assets
-	-	-	-	-	-	-	-	-500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on impairment and disposal of assets
6,000	-	3,200	16,200	11,700	-	0	700	-	-	0	0	400	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, general and administrative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,467	10,528	7,403	8,321
Transportation
-	-	-	-	-	-	-	-	-	-	-	35,600	35,700	-	42,200	45,000	39,200	23,500	45,800	42,300	42,000	47,500	42,200	41,300	40,400	38,600	34,900	33,800	35,400	27,000	28,400	25,000	27,500	24,738	23,696	22,691	23,075	23,258	19,956
Taxes other than income taxes
-	-	5,700	4,700	-	4,900	5,900	5,400	1,900	7,300	6,800	4,800	5,200	4,600	4,800	4,200	5,700	3,000	6,100	4,000	4,000	3,500	4,200	3,600	2,100	4,500	3,700	3,000	3,000	3,700	1,800	1,900	1,700	1,454	1,683	1,203	1,360	1,308	1,098
Other Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance recoveries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,910	-	-	-
Other operating expense
3,000	-	-	-	1,300	-	-	-	-	-3,500	3,800	1,100	1,900	400	-1,000	300	2,000	1,800	2,900	3,200	2,900	4,600	4,700	2,800	2,100	-8,100	12,800	1,000	600	1,400	1,600	1,400	1,800	5,019	543	703	535	565	480
Operating Expenses
-	-	1,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,400	0	-	33,800	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating income
-	-	-	2,200	-	-	2,000	1,800	16,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income (loss)
-24,000	4,400	33,400	4,700	33,800	16,400	21,600	43,600	41,300	31,500	32,400	54,700	39,400	11,200	9,900	-2,600	-18,800	-4,800	9,600	83,700	68,700	-39,600	61,400	-10,300	35,300	28,900	-19,000	27,300	54,400	73,600	98,800	78,500	35,000	33,992	56,531	23,411	11,366	29,572	19,764
Other income (expense):
Interest Expense
29,300	35,400	33,800	33,100	32,300	35,100	37,700	37,500	45,200	47,300	47,400	44,500	43,900	44,000	44,600	42,800	30,300	25,000	25,500	27,400	27,000	27,500	28,400	28,700	26,200	23,100	24,200	24,700	24,800	24,400	24,200	18,400	18,600	18,098	12,577	10,544	7,481	7,794	7,277
Gain (Loss) from debt extinguishment
0	-2,900	0	300	400	0	0	-58,200	-600	0	0	0	0	-	-	-	-	-	0	-46,600	-	0	-300	0	-89,600	-14,600	0	0	0	-	-	-	-	-	0	-15,130	-	-	-
Gain (Loss) on Derivative Instruments, Net, Pretax
38,500	-5,400	-5,000	10,300	9,100	35,800	-2,700	800	-100	-4,600	-12,000	1,300	5,700	-7,500	-6,700	17,800	-7,700	-24,300	-2,000	-14,000	8,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized gain (loss) on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,100	6,000	6,600	-	4,200	9,800	-8,600	-11,000	-10,100	21,200	9,400	-2,102	-3,814	-2,370	386	-2,288	-5,297
Unrealized gain (loss) on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,000	5,200	-27,900	-23,200	-25,600	23,600	24,600	2,800	2,400	-4,000	24,500	7,600	-22,100	-15,300	26,000	-	-	-	-	-	-
Gain (loss) from unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	200	-300	-7,100	-11,100	-13,900	-34,500	-8,200	-4,500	-	-1,000	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-113,400	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized loss on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20,335	-3,124	-417	1,931	-8,008
Other
900	-4,500	1,300	1,300	5,300	5,200	3,200	900	1,500	1,800	800	500	200	-400	700	500	400	-500	600	700	800	900	300	200	-300	800	1,900	-400	700	100	200	0	200	-136	45	274	617	-121	9
Total other income (expense)
10,100	-43,200	-37,500	-21,200	-17,500	2,400	-37,200	-94,000	-44,400	-50,100	-58,600	-42,700	-38,000	-51,700	-50,900	-145,000	-48,700	-36,000	-66,400	-90,300	-49,700	-25,100	-49,900	100	-84,900	-44,500	-15,700	-19,300	-8,200	-27,700	-56,200	-12,500	17,000	-6,830	-36,681	-30,894	-6,895	-8,272	-20,573
Net income (loss) from continuing operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	1,400	-	-41,000	-147,600	-67,500	-	-56,800	-6,600	19,000	-64,700	11,500	-10,200	-49,600	-15,600	-34,700	8,000	46,200	45,900	42,600	66,000	52,000	27,162	19,850	-7,483	4,471	21,300	-809
Net income (loss) before income taxes
-13,900	-38,800	-4,100	-16,500	16,300	18,800	-15,600	-50,400	-3,100	-	-26,200	12,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense from continuing operations
500	-200	500	300	-100	-300	400	800	-200	100	-100	0	-100	7,300	-7,600	300	200	22,000	-7,900	-9,100	-4,800	-1,200	2,100	-1,900	200	-100	100	200	200	200	200	300	100	326	236	168	270	79	98
Net income (loss) from continuing operations
14,400	-48,600	4,600	16,800	-16,400	-121,100	16,000	51,200	2,900	-46,900	26,100	-12,000	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from discontinued operations, net of tax
-	-	0	0	-	-	500	700	1,900	-	-2,500	2,400	-7,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-14,400	-38,600	-4,600	-16,800	16,400	18,100	-16,500	-51,900	-4,800	-83,600	-23,600	9,600	-6,200	-79,600	-33,400	-147,900	-67,700	-116,800	-48,900	2,500	23,800	-63,500	9,400	-8,300	-49,800	-15,500	-34,800	7,800	46,000	45,700	42,400	65,700	51,900	26,836	19,614	-7,651	4,201	21,221	-907
Allocation of net income (loss):
Net income (loss)
-14,400	-38,600	-4,600	-16,800	16,400	18,100	-16,500	-51,900	-4,800	-83,600	-23,600	9,600	-6,200	-79,600	-33,400	-147,900	-67,700	-116,800	-48,900	2,500	23,800	-	9,400	-8,300	-49,800	-15,500	-34,800	7,800	46,000	45,700	42,400	65,700	51,900	26,836	19,614	-7,651	4,201	21,221	-907
Less:
General partner’s interest in net loss
300	800	100	300	-300	-400	400	1,000	100	1,700	500	-200	100	1,600	700	2,900	1,400	2,400	900	0	-500	1,200	-200	200	1,000	300	700	-200	-900	-1,000	-800	-1,300	-1,000	-577	-392	153	-84	-424	18
General partner's incentive distribution rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,200	4,200	4,200	4,200	3,900	3,800	3,900	3,800	-	3,800	3,800	-	-	-	-	-	-	-	-	-	-	-
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic
0	-	-	-	100	-	-	-	0	-	-	200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General partners incentive distribution rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,200	-	-1,700	-1,100	-500	-	-40	0	-	-	-
Non-vested share based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-200	-200	-200	-400	-300	-	0	0	-	-	-
Net income (loss) available to limited partners
-14,100	-37,700	-4,500	-16,500	16,000	17,700	-16,100	-50,900	-4,700	-81,700	-23,100	9,200	-6,100	-78,000	-32,700	-145,000	-66,300	-118,600	-52,200	-1,700	19,100	-66,200	5,400	-12,000	-52,600	-19,100	-37,900	3,800	41,700	42,300	39,700	62,900	50,100	26,099	19,182	-7,498	4,117	20,797	-889
Weighted average limited partner units outstanding:
Basic and Diluted
78,399	78,224	78,299	78,212	78,111	-	77,783	77,730	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
-	-	-	-	-	-	-	-	78,045	-	77,632	77,554	77,412	-	77,331	76,761	76,449	-	76,112	76,092	71,232	-	69,684	69,604	69,622	69,725	69,626	69,571	62,831	57,778	57,745	55,027	51,684	128,490	41,828	39	36	-	-
Weighted Average Number of Shares Outstanding, Diluted
-	-	-	-	-	-	-	-	78,045	-	77,632	77,714	78,259	-	77,331	76,761	76,449	-	76,112	76,092	71,275	-	69,850	69,604	69,622	69,341	69,626	69,769	63,017	58,070	57,825	55,074	51,736	128,662	41,837	39	36	-	-
Limited partners' interest basic net income (loss) per unit [Abstract]
From continuing operations
-0.18	-0.48	-0.06	-0.21	0.20	0.24	-0.20	-0.64	-0.04	-0.24	-0.33	0.15	0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Limited partners' interest basic net loss per unit from discontinued operations
-	-	0.00	0.00	-	-0.01	-0.01	-0.01	-0.02	-0.81	0.03	-0.03	-0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Limited partners’ interest
-0.18	-0.48	-0.06	-0.21	0.20	0.23	-0.21	-0.65	-0.06	-1.05	-0.30	0.12	-0.08	-1.00	-0.42	-1.89	-0.87	-1.62	-0.68	-0.02	0.27	-	-	-	-	-	-	0.05	0.67	-	-	1.14	-	-	-	-	-	-	-
Limited partners' interest diluted net income (loss) per unit
From continuing operations
-0.18	-0.48	-0.06	-0.21	0.20	0.24	-0.20	-0.64	-0.04	-	-0.33	-	0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Limited partners' interest diluted net loss per unit from discontinued operations
-	-	0.00	0.00	-	-0.01	-0.01	-0.01	-0.02	-	0.03	-	-0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Limited partners' interest
-0.18	-0.48	-0.06	-0.21	0.20	0.23	-0.21	-0.65	-0.06	-	-0.30	-	-0.08	-1.00	-0.42	-1.89	-0.87	-1.62	-0.68	-0.02	0.27	-	-	-	-	-	-	0.05	0.66	-	-	1.14	-	-	-	-	-	-	-
Limited partners' interest basic and diluted net income (loss) per unit (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.08	-0.17	-0.76	-	-0.54	-	-	-	0.69	-	-	-	-	-	-	-	-
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,337	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,352	-
Weighted average limited partner units outstanding - basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,359
Limited partners' interest basic and diluted net income (loss) per unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.46	-0.19	0.11	0.59	-0.03
Cash distributions declared per limited partner unit
-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.65	0.62	0.59	0.56	0.53	0.49	0.50	0.47	0.47	0.46	0.45
Consolidated Entities [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	0	896,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
-	-	0	789,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
-	-	0	107,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
-	-	0	16,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating income
-	-	0	-2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
-	-	0	4,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense
-	-	0	33,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from continuing operations before income taxes
-	-	0	-16,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense from continuing operations
-	-	0	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from continuing operations
-	-	0	16,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil and Gas, Refining and Marketing [Member]
Sales
692,600	-	929,600	896,900	851,300	-	953,500	945,500	750,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
-	-	-	-	-	-	850,200	822,100	637,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-