Summit Midstream Partners, LP SMLP Income Statement

Summit midstream partners, lp (SMLP)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Revenues:
Total revenues
443,528	506,653	488,741	402,362	400,557	387,169	326,160	174,423
Costs and expenses:
Cost of natural gas and NGLs
63,438	107,661	57,237	27,421	31,398	72,415	68,037	3,224
Operation and maintenance
97,587	96,878	93,882	95,334	94,986	94,869	78,175	53,882
General and administrative
54,139	52,877	54,681	52,410	45,108	43,281	36,716	22,182
Depreciation and amortization
110,206	107,100	115,475	112,239	105,117	90,878	71,232	36,674
Transaction costs
1,788	0	73	1,321	1,342	2,985	2,841	2,025
Environmental remediation
-	-	-	-	21,800	5,000	0	-
Loss (gain) on asset sales, net
1,536	0	-527	-93	172	-442	-113	0
Long-lived asset impairment
60,507	7,186	188,702	1,764	9,305	5,505	0	0
Goodwill impairment
16,211	0	0	-	248,851	54,199	0	0
Total costs and expenses
402,340	371,702	510,577	290,582	557,735	369,574	257,114	117,987
Other (expense) income
451	-169	298	116	2	1,189	5	9
Interest expense
74,429	60,535	68,131	63,810	59,092	48,586	21,314	7,340
Early extinguishment of debt
0	0	-22,039	0	0	-	-	-
Deferred Purchase Price Obligation expense
-1,982	20,975	-200,322	55,854	0	0	-	-
Affiliated interest expense
-	-	-	-	-	-	-	5,426
Income (loss) before income taxes and income (loss) from equity method investees
-30,808	53,272	88,614	-7,768	-216,268	-29,802	47,737	43,679
Income tax benefit (expense)
1,174	33	341	75	-603	854	729	682
Income (loss) from equity method investees
-337,851	-10,888	-2,223	-30,344	-6,563	-16,712	0	-
Net income (loss)
-369,833	42,351	86,050	-38,187	-222,228	-47,368	47,008	42,997
Less: net income attributable to the pre-IPO period
-	-	-	-	-	-	-	24,112
Net income attributable to Summit Investments
-	-	-	-2,745	30,016	-23,376	3,424	1,271
Net income attributable to noncontrolling interest
0	168	363	-14	0	0	-	-
Net (loss) income attributable to SMLP
-369,833	42,183	85,687	-40,918	-192,212	-23,992	43,584	17,614
Net income attributable to General Partner, including IDRs
-12	-9,384	-10,202	-7,261	-3,398	-3,125	1,035	352
Net income (loss) attributable to limited partners
-369,845	32,799	75,485	-48,179	-195,610	-27,117	42,549	17,262
Loss per limited partner unit:
Weighted-average limited partner units outstanding:
Gathering Services and Related Fees
Total revenues
326,747	344,616	394,427	345,961	337,819	267,478	216,352	145,463
Natural Gas, NGLs and Condensate Sales
Total revenues
86,994	134,834	68,459	35,833	42,079	97,094	88,185	22,825
Other Revenues
Total revenues
29,787	27,203	25,855	20,568	20,659	22,597	21,623	6,135
Series A Preferred Units
Net income (loss) attributable to limited partners
28,500	28,500	3,563	0	-	-	-	-
Common units
Net income (loss) attributable to limited partners
-398,403	4,299	71,922	-48,179	-	-	-	-
Basic (in dollars per share)
-4.84	0.06	0.99	-0.71	-	-	-	-
Diluted (in dollars per share)
-4.84	0.06	0.98	-0.71	-	-	-	-
Basic (shares)
82,365	73,304	72,705	68,264	-	-	-	-
Diluted (shares)
82,365	73,615	73,047	68,264	-	-	-	-