DCP MIDSTREAM, LP DCP Income Statement

Dcp midstream, lp (DCP)

Income statement / TTM

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
-	-	9,329	9,361	-	-	2,580	4,383	6,028	-	7,324	7,034	6,908	6,269	10,219	8,897	7,603	6,779	12,058	12,475	12,877	13,420	3,269	3,185	3,091	2,763	2,620	2,532	2,415	2,520	4,406	4,333	4,005	3,574	3,676	3,283	3,160	3,038	0	0	0
Sales of natural gas, propane, NGLs and condensate to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Transportation, processing and other
-	-	-	-	-	-	-	-	-	-	645	645	652	647	748	683	605	532	528	517	513	517	331	309	290	271	266	257	246	234	256	243	226	208	202	182	172	160	0	0	0
Trading and marketing gains (losses), net
166	-13	124	69	-27	-41	-214	-201	-112	-40	-61	-3	-10	-23	110	139	118	119	141	138	122	88	-18	-91	2	17	19	0	0	-	0	-	-	8	0	0	0	-	0	0	-
Gains (losses) from commodity derivative activity, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Total operating revenues
7,083	7,625	8,303	9,363	9,882	9,822	9,552	8,848	8,480	8,462	7,908	7,676	7,550	6,893	11,077	9,719	8,326	7,430	12,727	13,130	13,512	14,025	3,582	3,403	3,383	3,051	2,945	2,860	2,736	2,824	4,095	4,085	3,993	3,790	4,083	3,729	3,431	3,201	0	0	0
Operating costs and expenses:
Purchases and related costs
-	-	10,319	11,338	-	8,019	4,114	3,482	6,967	6,885	6,391	6,133	6,013	5,461	9,001	7,845	6,714	5,981	10,596	10,975	11,345	11,828	2,888	2,806	2,714	2,426	2,285	2,210	2,116	2,215	3,616	3,562	3,441	3,155	3,460	3,166	2,975	2,758	0	0	0
Transportation, processing and other to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Operating and maintenance expense
703	728	764	773	776	760	691	663	656	661	682	675	658	670	1,077	974	864	732	775	770	775	773	214	218	214	215	207	203	201	197	245	229	205	192	187	170	164	155	0	0	0
Purchases of natural gas, propane and NGLs from affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Depreciation and amortization expense
400	404	403	401	397	388	386	382	379	379	377	377	377	378	572	508	443	377	355	352	351	348	107	105	100	95	92	86	78	91	128	135	144	135	134	127	121	115	0	0	0
General and administrative expense
264	275	278	282	284	276	287	286	287	290	304	299	292	292	407	364	322	281	293	289	282	277	63	62	63	63	67	71	72	75	111	103	90	76	76	67	66	66	0	0	0
Goodwill, Impairment Loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense, net
6	8	14	16	18	11	29	27	19	11	-9	-23	-32	65	58	73	0	-	0	0	-	-7	10	11	11	8	-3	-4	0	-	0	0	-	-	-	-	-	-	-	-	-
Asset Impairment
0	-	0	-	0	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of assets, net
71	80	14	14	9	0	0	0	0	-	-	-	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring costs
-	-	0	0	-	-	0	0	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	0	-	0	0	-
Other income - affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
General and administrative expense - affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Step acquisition - equity interest re-measurement gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Total operating costs and expenses
7,812	7,775	8,335	9,118	9,679	9,599	9,337	8,718	8,306	8,240	7,833	7,490	7,350	6,714	11,729	10,420	9,147	8,262	12,132	12,467	12,784	13,258	3,278	3,196	3,096	2,807	2,654	2,574	2,471	2,578	3,849	3,778	3,721	3,557	3,880	3,594	3,328	3,080	0	0	0
Operating (loss) income
-729	-150	-32	245	203	223	215	130	174	222	75	186	200	179	-652	-701	-821	-832	595	663	728	767	304	207	287	244	291	286	265	246	246	307	271	233	202	135	102	121	0	0	0
Loss from financing activities
-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from unconsolidated affiliates
437	474	436	426	405	370	347	317	307	303	300	301	290	282	279	258	227	184	155	130	102	82	58	36	28	33	32	34	28	26	22	20	24	23	11	12	13	23	0	0	0
Interest expense, net
313	304	275	265	271	269	139	143	283	289	307	311	315	321	484	432	377	320	292	289	290	287	76	68	59	52	50	44	41	42	41	41	39	34	32	30	29	29	0	0	0
(Loss) income before income taxes
-605	20	117	375	318	305	270	170	198	236	68	176	175	140	-857	-875	-971	-968	458	504	540	562	286	175	256	225	273	276	252	230	228	286	257	222	181	116	86	115	0	0	0
Income tax expense
1	1	-5	-4	-5	-3	-7	-5	-2	-2	47	46	45	46	-95	-96	-101	-102	2	4	9	11	12	11	10	8	2	1	1	1	1	1	1	1	2	2	2	2	0	0	0
Net income
-604	21	114	373	315	302	271	169	196	234	21	130	130	94	-762	-779	-870	-866	456	500	531	551	274	164	246	217	271	275	251	229	232	291	261	221	173	108	78	113	0	0	0
Net income attributable to noncontrolling interests
4	4	4	4	4	4	7	6	6	5	7	7	6	6	4	5	5	5	-5	-6	-6	4	17	20	24	17	15	14	12	13	25	22	30	30	20	24	15	12	0	0	0
Net income attributable to partners
-608	17	110	369	311	298	264	163	190	229	14	123	124	88	-766	-784	-875	-871	461	506	537	547	257	144	222	200	256	261	239	216	195	235	0	-	0	0	-	101	0	0	0
Net loss attributable to predecessor operations
-	-	-	-	-	-	-	-	-	-	-	-	-	224	0	0	0	-	-	-	-	130	-11	-15	-20	-25	-58	-47	-48	-51	-15	0	0	-	0	-	-	-	-	-	-
Series A preferred limited partners' interest in net income
-37	-37	-37	-38	-37	-37	-32	-22	-13	-4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B preferred limited partners' interest in net income
-13	-13	-12	-12	-11	-8	-5	-2	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series C preferred limited partners' interest in net income
-9	-9	-9	-6	-4	-2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General partner’s interest in net income
-77	-118	-159	-166	-164	-164	-165	-162	-163	-164	-153	-145	-135	-124	-124	-124	-124	-124	104	105	109	114	-103	-92	-81	-70	-84	-54	-48	-41	-13	-31	-27	-25	-23	-20	-18	-17	0	0	0
Net income allocable to limited partners
-744	-160	-107	147	95	87	62	-23	14	61	16	164	206	188	278	229	107	104	213	259	294	303	143	37	121	105	150	160	143	124	62	132	98	75	78	11	-2	31	0	0	0
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	-	-	-	143	143	-	143	143	143	114	114	114	114	114	114	114	114	113	111	108	93	88	83	77	65	-	0	-	46	44	44	44	41	39	36	34	34
Weighted Average Limited Partnership Units Outstanding, Diluted
-	-	-	143	-	-	-	143	143	-	-	143	143	-	114	114	114	114	114	114	114	113	111	108	93	-	83	77	-	-	0	-	47	44	44	44	41	39	36	34	34
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted
208	-	143	-	143	-	143	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	-	-	-	-	-	-	-	-	-
Property, plant, and equipment impairment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural Gas, NGLs and Condensate [Member]
Sales of natural gas, NGLs and condensate
-	-	7,735	8,818	-	9,374	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transportation, Processing and Other [Member]
Sales of natural gas, NGLs and condensate
436	439	444	476	493	489	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-