Summit midstream partners, lp (SMLP)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Dec'11
Assets
Current assets:
Cash and cash equivalents

67

4

5

0

5

4

0

8

3

1

2

2

6

7

7

6

13

21

5

26

13

27

14

23

10

20

15

30

2

11

15

Restricted cash

4

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

83

102

88

84

91

97

85

80

68

72

61

55

53

97

52

48

49

89

45

51

48

92

49

53

47

69

34

33

40

43

27

Insurance receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

-

-

-

-

-

-

-

-

-

Due from affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2

0

0

Other current assets

4

5

5

2

2

3

4

2

3

4

4

2

3

4

4

2

2

3

3

1

2

3

3

2

3

4

2

1

1

3

1

Total current assets

159

139

99

86

100

106

90

90

75

78

68

60

63

109

64

57

65

114

55

80

64

149

67

78

60

95

52

64

47

59

44

Property, plant and equipment, net

1,869

1,882

1,899

1,878

1,873

1,963

1,911

1,887

1,858

1,795

1,884

1,859

1,854

1,853

1,853

1,846

1,833

1,812

1,448

1,438

1,426

1,622

1,235

1,198

1,177

1,256

957

1,000

778

832

638

Intangible assets, net:
Favorable gas gathering contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

17

17

-

18

18

19

19

21

Contract intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

358

367

375

-

394

375

382

229

242

Rights-of-way

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

101

102

-

51

43

43

87

32

Intangible assets, net

224

232

243

251

258

273

281

286

293

301

392

402

411

421

431

441

452

461

448

458

468

489

476

486

494

505

464

437

445

337

296

Goodwill

-

-

-

16

16

16

16

16

16

16

16

16

16

16

16

16

16

16

265

265

265

265

115

115

115

319

117

99

99

45

45

Investment in equity method investees

363

309

648

653

640

649

660

670

682

690

696

701

702

707

705

711

757

751

-

-

-

706

-

-

-

-

-

-

-

-

-

Other noncurrent assets

7

9

10

10

11

11

18

13

13

13

13

14

7

7

8

8

8

8

15

15

16

9

18

13

14

14

12

12

8

6

4

Total assets

2,624

2,573

2,901

2,897

2,900

3,020

2,978

2,965

2,939

2,894

3,072

3,054

3,055

3,115

3,080

3,081

3,134

3,164

2,232

2,258

2,241

3,242

1,912

1,893

1,862

2,191

1,605

1,615

1,379

1,280

1,030

Liabilities and Capital
Current liabilities:
Trade accounts payable

22

24

27

25

28

38

22

21

21

16

22

10

17

16

13

21

18

40

15

13

25

38

17

29

22

38

11

16

17

18

21

Accrued expenses

11

11

9

8

20

21

18

19

13

12

14

8

12

11

-

-

-

6

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to affiliate

0

0

0

0

0

0

0

0

0

1

0

0

0

0

0

0

0

1

0

4

0

2

0

1

1

0

0

2

-

0

-

Deferred revenue

14

13

12

12

11

11

11

10

10

4

2

4

-

0

0

0

0

0

0

0

2

2

2

2

1

1

1

1

0

0

0

Ad valorem taxes payable

3

8

7

6

3

10

8

6

3

8

8

7

4

10

9

7

4

10

7

6

4

9

6

6

4

8

5

3

1

8

2

Accrued interest

15

12

15

12

15

12

15

12

15

12

20

17

5

17

7

17

7

17

7

17

7

18

9

11

5

12

6

-

-

0

-

Accrued environmental remediation

2

1

1

2

2

2

2

3

3

3

5

6

5

4

7

8

6

7

-

-

-

25

-

-

-

-

-

-

-

-

-

Other current liabilities

8

11

12

11

12

12

10

7

5

11

8

6

4

11

19

13

12

6

12

11

8

15

13

9

10

14

7

7

6

5

4

Deferred Purchase Price Obligation

-

-

295

292

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

78

84

383

372

195

110

88

81

74

68

82

60

50

71

57

68

51

91

43

54

48

111

49

61

45

75

33

30

26

32

28

Long-term debt

1,491

1,470

1,392

1,365

1,226

1,257

1,175

1,147

1,091

1,051

1,295

1,280

1,264

1,240

1,224

1,312

1,312

1,267

904

879

796

1,232

775

726

691

586

565

565

214

199

147

Deferred Purchase Price Obligation

180

178

-

-

288

383

416

453

384

362

508

579

584

563

538

532

514

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncurrent deferred revenue

43

38

39

40

41

39

39

38

36

12

15

13

18

57

49

48

46

45

32

62

58

55

41

37

33

29

22

19

16

10

1

Promissory notes payable to Sponsors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

202

Noncurrent accrued environmental remediation

2

2

2

2

3

3

1

1

1

2

1

2

3

5

3

3

5

5

-

5

5

5

5

5

6

6

6

6

7

7

8

Other noncurrent liabilities

8

7

8

9

7

4

5

6

6

7

7

7

7

7

7

8

7

7

6

1

1

7

1

1

0

0

0

0

0

0

0

Total liabilities

1,804

1,782

1,827

1,790

1,761

1,799

1,727

1,728

1,595

1,505

1,910

1,943

1,929

1,945

1,880

1,973

1,938

1,417

987

1,002

910

1,411

872

832

776

698

628

622

264

250

389

Commitments and contingencies (Note 15)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

Mezzanine Capital
Partners' Capital
Series A Preferred Units (300,000 units issued and outstanding at March 31, 2020 and December 31, 2019)

300

293

300

293

300

293

300

293

300

294

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common limited partner capital (94,469,385 units issued and outstanding at March 31, 2020 and 93,493,473 units issued and outstanding at December 31, 2019)

457

469

773

813

838

902

913

907

1,005

1,056

1,120

1,071

1,085

1,129

1,158

1,068

1,155

744

906

912

630

649

690

702

716

566

570

578

415

418

0

Subordinated limited partner capital (0 units issued and outstanding at December 31, 2016 and 24,410 units issued and outstanding at December 31, 2015)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

213

307

312

279

293

323

332

343

379

383

390

376

380

0

General Partner interests (zero units issued and outstanding at December 31, 2019 and 1,490,999 units issued and outstanding at December 31, 2018)

-

-

-

-

-

25

25

25

27

27

29

28

28

29

29

27

29

25

30

31

24

24

25

25

26

23

23

23

20

20

0

Noncontrolling interest

-

-

-

-

-

-

10

10

10

10

11

11

11

11

11

11

11

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Summit Investments' equity in contributed subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

763

0

0

396

863

0

0

0

523

-

-

303

211

640

Total partners' capital

757

763

1,074

1,107

1,139

1,221

1,251

1,236

1,344

1,389

1,161

1,110

1,125

1,169

1,199

1,107

1,196

1,747

1,244

1,255

1,330

1,830

1,039

1,060

1,085

1,493

976

993

1,115

1,030

640

Total liabilities, mezzanine capital and partners' capital

2,624

2,573

2,901

2,897

2,900

3,020

2,978

2,965

2,939

2,894

3,072

3,054

3,055

3,115

3,080

3,081

3,134

3,164

2,232

2,258

2,241

3,242

1,912

1,893

1,862

2,191

1,605

1,615

1,379

1,280

1,030

Mezzanine Capital
Subsidiary Series A Preferred Units (66,002 units issued and outstanding at March 31, 2020 and 30,058 units issued and outstanding at December 31, 2019)

62

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-