DCP MIDSTREAM, LP DCP Income Statement

Dcp midstream, lp (DCP)

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	Dec'10	Sep'10	Jun'10	Mar'10
Operating revenues:
Sales of natural gas, NGLs and condensate
-	-	101,000	110,000	-	-	133,000	127,000	111,000	-	1,936,000	1,772,000	1,933,000	1,683,000	1,646,000	1,646,000	1,294,000	5,633,000	324,000	352,000	470,000	10,912,000	741,000	754,000	1,013,000	761,000	657,000	660,000	685,000	618,000	569,000	543,000	790,000	2,504,000	496,100	215,700	358,200	2,606,600	102,800	93,200	235,400
Sales of natural gas, propane, NGLs and condensate to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	305,800	276,900	-	124,900	134,800	135,000
Transportation, processing and other
-	-	-	-	-	-	-	-	-	-	162,000	155,000	157,000	171,000	162,000	162,000	152,000	272,000	97,000	84,000	79,000	268,000	86,000	80,000	83,000	82,000	64,000	61,000	64,000	77,000	55,000	50,000	52,000	99,100	42,800	32,300	33,800	93,200	23,100	22,100	21,600
Trading and marketing gains (losses), net
152,000	-14,000	-1,000	29,000	-27,000	123,000	-56,000	-67,000	-41,000	-50,000	-43,000	22,000	31,000	-71,000	15,000	15,000	18,000	62,000	44,000	-6,000	19,000	84,000	41,000	-22,000	-15,000	-22,000	-32,000	71,000	0	-	-20,000	-	-	-45,300	54,700	-300	-1,100	-	-700	-300	-
Gains (losses) from commodity derivative activity, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	-39,100	-	-15,800	22,800	6,000
Total operating revenues
1,657,000	1,929,000	1,699,000	1,798,000	2,199,000	2,607,000	2,759,000	2,317,000	2,139,000	2,337,000	2,055,000	1,949,000	2,121,000	1,783,000	1,823,000	1,823,000	1,464,000	5,967,000	465,000	430,000	568,000	11,264,000	868,000	812,000	1,081,000	821,000	689,000	792,000	749,000	715,000	604,000	668,000	837,000	1,986,900	593,600	575,600	633,900	2,279,900	239,900	277,500	403,700
Operating costs and expenses:
Purchases and related costs
-	-	1,308,000	1,356,000	-	5,851,000	2,327,000	-1,928,000	1,769,000	1,946,000	1,695,000	1,557,000	1,687,000	1,452,000	1,437,000	1,437,000	1,135,000	4,992,000	281,000	306,000	402,000	9,607,000	660,000	676,000	885,000	667,000	578,000	584,000	597,000	526,000	503,000	490,000	696,000	1,927,700	449,000	369,000	409,300	2,233,200	155,200	178,100	191,500
Transportation, processing and other to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,100	5,200	-	5,600	4,900	5,700
Operating and maintenance expense
153,000	181,000	187,000	182,000	178,000	217,000	196,000	185,000	162,000	148,000	168,000	178,000	167,000	169,000	161,000	161,000	179,000	576,000	58,000	51,000	47,000	619,000	53,000	56,000	45,000	60,000	57,000	52,000	46,000	52,000	53,000	50,000	42,000	100,700	36,700	26,000	28,600	96,200	19,200	20,600	19,000
Purchases of natural gas, propane and NGLs from affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84,200	152,800	-	45,000	27,600	141,300
Depreciation and amortization expense
99,000	100,000	100,000	101,000	103,000	99,000	98,000	97,000	94,000	97,000	94,000	94,000	94,000	95,000	94,000	94,000	95,000	289,000	30,000	29,000	29,000	267,000	27,000	28,000	26,000	26,000	25,000	23,000	21,000	23,000	19,000	15,000	34,000	60,100	25,900	24,700	24,300	59,300	19,200	18,700	17,800
General and administrative expense
56,000	74,000	66,000	68,000	67,000	77,000	70,000	70,000	59,000	88,000	69,000	71,000	62,000	102,000	64,000	64,000	62,000	217,000	21,000	22,000	21,000	229,000	17,000	15,000	16,000	15,000	16,000	16,000	16,000	19,000	20,000	17,000	19,000	55,500	12,000	4,100	4,400	55,600	3,300	3,400	3,700
Goodwill, Impairment Loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	33,000	49,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense, net
3,000	2,000	0	1,000	5,000	8,000	2,000	3,000	-2,000	26,000	0	-5,000	-10,000	6,000	-14,000	-14,000	87,000	-	-1,000	1,000	-	-6,000	0	0	-1,000	11,000	1,000	0	-4,000	-	0	0	-	-	-	-	-	-	-	-	-
Asset Impairment
746,000	-	247,000	-	0	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of assets, net
0	66,000	0	5,000	9,000	0	0	0	0	-	-	-	-	-	41,000	41,000	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring costs
-	-	2,000	9,000	-	-	0	0	-	-	-	-	-	-	2,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	100	100	-	500	500	-
Other income - affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	-
General and administrative expense - affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,400	7,300	-	4,900	-4,800	-4,900
Step acquisition - equity interest re-measurement gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,100	-	-
Total operating costs and expenses
2,203,000	1,977,000	1,910,000	1,722,000	2,166,000	2,537,000	2,693,000	2,283,000	2,086,000	2,275,000	2,074,000	1,871,000	2,020,000	1,868,000	1,731,000	1,731,000	1,384,000	6,883,000	422,000	458,000	499,000	10,753,000	757,000	775,000	973,000	773,000	675,000	675,000	684,000	620,000	595,000	572,000	791,000	1,891,700	523,400	515,300	626,600	2,214,900	237,200	249,700	378,200
Operating (loss) income
-546,000	-48,000	-211,000	76,000	33,000	70,000	66,000	34,000	53,000	62,000	-19,000	78,000	101,000	-85,000	92,000	92,000	80,000	-916,000	43,000	-28,000	69,000	511,000	111,000	37,000	108,000	48,000	14,000	117,000	65,000	95,000	9,000	96,000	46,000	95,200	70,200	60,300	7,300	65,000	2,700	27,800	25,500
Loss from financing activities
-	-	0	-	-	-	-19,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from unconsolidated affiliates
76,000	130,000	114,000	117,000	113,000	92,000	104,000	96,000	78,000	69,000	74,000	86,000	74,000	66,000	75,000	75,000	66,000	63,000	54,000	44,000	23,000	34,000	29,000	16,000	3,000	10,000	7,000	8,000	8,000	9,000	9,000	2,000	6,000	5,900	6,900	5,700	4,500	-6,000	8,200	6,400	14,400
Interest expense, net
78,000	229,000	79,000	-73,000	69,000	200,000	69,000	-67,000	67,000	70,000	73,000	73,000	73,000	88,000	77,000	77,000	79,000	251,000	25,000	22,000	22,000	223,000	22,000	23,000	19,000	12,000	14,000	14,000	12,000	10,000	8,000	11,000	13,000	9,000	8,600	8,400	8,000	7,000	7,500	7,300	7,200
(Loss) income before income taxes
-548,000	-1,000	-176,000	120,000	77,000	96,000	82,000	63,000	64,000	61,000	-18,000	91,000	102,000	-107,000	90,000	90,000	67,000	-1,104,000	72,000	-6,000	70,000	322,000	118,000	30,000	92,000	46,000	7,000	111,000	61,000	94,000	10,000	87,000	39,000	92,100	68,500	57,600	3,800	52,000	3,400	26,900	32,700
Income tax expense
-1,000	3,000	-1,000	0	-1,000	-3,000	0	-1,000	1,000	-7,000	2,000	2,000	1,000	42,000	1,000	1,000	2,000	-99,000	0	-4,000	1,000	5,000	2,000	1,000	3,000	6,000	1,000	0	1,000	0	0	0	1,000	100	400	200	300	1,500	100	100	300
Net income
-549,000	2,000	-177,000	120,000	76,000	95,000	82,000	62,000	63,000	64,000	-20,000	89,000	101,000	-149,000	89,000	89,000	65,000	-1,005,000	72,000	-2,000	69,000	317,000	116,000	29,000	89,000	40,000	6,000	111,000	60,000	94,000	10,000	87,000	38,000	97,900	68,100	57,400	-2,400	50,500	3,300	26,800	32,400
Net income attributable to noncontrolling interests
1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	4,000	0	1,000	0	6,000	0	0	0	4,000	1,000	0	0	-6,000	0	0	10,000	7,000	3,000	4,000	3,000	5,000	2,000	2,000	4,000	17,200	-400	9,700	3,500	7,600	3,300	1,000	100
Net income attributable to partners
-550,000	1,000	-178,000	119,000	75,000	94,000	81,000	61,000	62,000	60,000	-20,000	88,000	101,000	-155,000	89,000	89,000	65,000	-1,009,000	71,000	-2,000	69,000	323,000	116,000	29,000	79,000	33,000	3,000	107,000	57,000	89,000	8,000	85,000	34,000	-	68,500	47,700	-	42,900	0	25,800	32,300
Net loss attributable to predecessor operations
-	-	-	-	-	-	-	-	-	-	-	-	-	155,000	31,000	31,000	7,000	-	-	-	-	136,000	0	0	-6,000	-5,000	-4,000	-5,000	-11,000	-38,000	7,000	-6,000	-14,000	-	-2,200	-	-	-	-	-	-
Series A preferred limited partners' interest in net income
-9,000	-9,000	-9,000	-10,000	-9,000	-9,000	-10,000	-9,000	-9,000	-4,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B preferred limited partners' interest in net income
-3,000	-4,000	-3,000	-3,000	-3,000	-3,000	-3,000	-2,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series C preferred limited partners' interest in net income
-2,000	-2,000	-3,000	-2,000	-2,000	-2,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General partner’s interest in net income
0	0	-35,000	-42,000	-41,000	-41,000	-42,000	-40,000	-41,000	-42,000	-39,000	-41,000	-42,000	-31,000	-31,000	-31,000	-31,000	-31,000	-31,000	-31,000	-31,000	197,000	-30,000	-27,000	-26,000	-20,000	-19,000	-16,000	-15,000	-34,000	11,000	-10,000	-8,000	-6,500	-6,800	-6,200	-5,500	-4,900	-4,100	-4,200	-3,800
Net income allocable to limited partners
-564,000	-14,000	-228,000	62,000	20,000	39,000	26,000	10,000	12,000	14,000	-59,000	47,000	59,000	-31,000	89,000	89,000	41,000	59,000	40,000	-33,000	38,000	168,000	86,000	2,000	47,000	8,000	-20,000	86,000	31,000	53,000	-10,000	69,000	12,000	-8,400	59,500	35,300	-11,400	-4,600	-8,200	21,800	22,000
Net income per limited partner unit — basic and diluted
-2.71	-0.03	-1.59	0.43	0.14	0.28	0.18	0.07	0.08	0.10	-0.41	0.33	0.41	-0.28	0.78	0.78	0.36	0.52	0.35	-0.29	0.33	1.55	0.77	0.02	0.50	-0.01	-0.24	1.11	0.48	-	-	1.33	0.26	-	-	-	-	-	-	-	-
Net income per limited partner unit - basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.16	-	-	-	-	-	-0.28	-	-0.23	0.63	0.64
Net income per limited partner unit - diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.16	-	-	-	-	-	-0.28	-	-0.23	0.63	0.64
Weighted Average Limited Partnership Units Outstanding, Basic
-	-	-	143,300	-	-	-	143,300	143,300	-	143,300	143,300	143,300	114,700	114,700	114,700	114,700	114,800	114,700	114,700	114,200	113,600	111,000	108,400	93,400	88,200	83,000	77,300	65,100	-	0	-	46,900	44,500	44,100	44,100	41,300	39,200	36,000	34,600	34,600
Weighted Average Limited Partnership Units Outstanding, Diluted
-	-	-	143,300	-	-	-	143,300	143,300	-	-	143,300	143,300	-	114,700	114,700	114,700	114,600	114,800	114,800	114,200	113,500	111,100	108,400	93,400	-	83,000	77,300	-	-	0	-	47,000	44,700	44,200	44,200	41,300	39,200	36,000	34,600	34,600
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted
208,300	-	143,300	-	143,300	-	143,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51,900	-	-	-	-	-	-	-	-	-
Property, plant, and equipment impairment
587,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural Gas, NGLs and Condensate [Member]
Sales of natural gas, NGLs and condensate
-	-	1,599,000	1,659,000	-	2,366,000	2,682,000	2,257,000	2,069,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transportation, Processing and Other [Member]
Sales of natural gas, NGLs and condensate
112,000	113,000	101,000	110,000	115,000	118,000	133,000	127,000	111,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-