DCP · Dcp Midstream, LP - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $14.99B | $10.71B | $6.30B | $7.63B | $8.46B | $1.50B |
| Cost of Revenue | - | - | - | $6.02B | - | - |
| Gross Profit | $2.10B | $1.44B | $1.56B | $1.60B | $1.58B | $551.00M |
| R&D | - | - | - | - | - | - |
| SG&A | $286.00M | $223.00M | $253.00M | $275.00M | $290.00M | $88.00M |
| Total Operating Expenses | $14.28B | $10.54B | $6.75B | $7.78B | $8.24B | $1.30B |
| D&A | $360.00M | $364.00M | $376.00M | $404.00M | $379.00M | $122.00M |
| Operating Income | $715.00M | $165.00M | ($447.00M) | ($150.00M) | $222.00M | $198.00M |
| Interest Expense | $278.00M | $299.00M | $302.00M | $304.00M | $289.00M | $94.00M |
| Income Tax | $1.00M | $6.00M | $0 | $1.00M | $2.00M | $0 |
| Net Income | $1.05B | $391.00M | ($306.00M) | $17.00M | $229.00M | $312.00M |
| EPS - Basic | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.00M | $1.00M | $52.00M | $1.00M | $156.00M | $1.00M |
| Accounts Receivable | $995.00M | $1.03B | $572.00M | $726.00M | $773.00M | $62.00M |
| Inventory | $83.00M | $77.00M | $38.00M | $46.00M | $68.00M | $44.00M |
| Accounts Payable | $1.20B | $977.00M | $536.00M | $807.00M | $989.00M | $108.00M |
| Current Assets | $1.70B | $1.75B | $1.01B | $1.08B | $1.32B | $227.00M |
| Total Assets | $13.33B | $13.38B | $12.96B | $14.13B | $13.88B | $5.16B |
| Current Liabilities | $2.50B | $2.01B | $1.62B | $1.79B | $1.49B | $734.00M |
| Long-term Debt | $4.36B | $5.08B | $5.12B | $5.32B | $4.71B | $1.75B |
| Total Liabilities | $7.30B | $7.50B | $7.10B | $7.49B | $6.44B | $2.53B |
| Stockholders' Equity | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.88B | $646.00M | $1.10B | $859.00M | $896.00M | $575.00M |
| Investing Cash Flow | ($391.00M) | ($110.00M) | ($259.00M) | ($760.00M) | ($391.00M) | $94.00M |
| Financing Cash Flow | ($1.49B) | ($591.00M) | ($785.00M) | ($99.00M) | ($350.00M) | ($670.00M) |
| CapEx | $246.00M | $108.00M | $160.00M | $519.00M | $375.00M | $37.00M |
| Free Cash Flow | $1.64B | $538.00M | $939.00M | $340.00M | $521.00M | $538.00M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 14.0% | 13.5% | 24.7% | 21.0% | 18.6% | 36.8% |
| Operating margin | 4.8% | 1.5% | -7.1% | -2.0% | 2.6% | 13.2% |
| EBITDA margin | 7.2% | 4.9% | -1.1% | 3.3% | 7.1% | 21.4% |
| Net margin | 7.0% | 3.7% | -4.9% | 0.2% | 2.7% | 20.8% |
| Free cash flow margin | 10.9% | 5.0% | 14.9% | 4.5% | 6.2% | 35.9% |
| FCF / Net income | 1.56 | 1.38 | -3.07 | 20.00 | 2.28 | 1.72 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 1.9% | 2.1% | 4.0% | 3.6% | 3.4% | 5.9% |
| Effective tax rate | 0.1% | 1.5% | - | 5.6% | 0.9% | 0.0% |
| Return on assets | 7.9% | 2.9% | -2.4% | 0.1% | 1.7% | 6.0% |
| Return on equity | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.68 | 0.87 | 0.62 | 0.60 | 0.89 | 0.31 |
| Quick ratio | 0.65 | 0.83 | 0.60 | 0.58 | 0.84 | 0.25 |
| Cash ratio | 0.00 | 0.00 | 0.03 | 0.00 | 0.10 | 0.00 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | 0.33 | 0.38 | 0.40 | 0.38 | 0.34 | 0.34 |
| Debt / EBITDA | 4.05 | 9.60 | - | 20.95 | 7.83 | 5.47 |
| Interest coverage | 2.6x | 0.6x | -1.5x | -0.5x | 0.8x | 2.1x |
| Equity multiplier | - | - | - | - | - | - |
| Liabilities / Assets | 0.55 | 0.56 | 0.55 | 0.53 | 0.46 | 0.49 |
| Efficiency | ||||||
| Asset turnover | 1.12 | 0.80 | 0.49 | 0.54 | 0.61 | 0.29 |
| Inventory turnover | - | - | - | 130.91 | - | - |
| Days sales outstanding | 24d | 35d | 33d | 35d | 33d | 15d |
| Days inventory outstanding | - | - | - | 3d | - | - |
| Days payable outstanding | - | - | - | 49d | - | - |
| Cash conversion cycle | - | - | - | -11d | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 40.0% | 69.9% | -17.4% | - | 465.3% | -21.1% |
| Revenue CAGR (3y) | 25.3% | - | -9.4% | 72.1% | 32.4% | -20.5% |
| Revenue CAGR (5y) | 12.1% | 48.2% | 27.1% | 15.9% | 37.5% | 9.7% |
| Gross profit growth (YoY) | 45.8% | -7.5% | -2.7% | - | 186.2% | -15.5% |
| Operating income growth (YoY) | 333.3% | - | -198.0% | - | 12.1% | 34.7% |
| Net income growth (YoY) | 169.1% | - | - | - | -26.6% | 36.8% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 204.1% | -42.7% | 176.2% | - | -3.2% | 45.8% |
| FCF CAGR (5y) | 25.7% | 0.0% | 20.5% | 12.8% | - | - |
| Book value growth (YoY) | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$10.71B totalLogisticsand Marketing$9.73B · 90.9%
Gatheringand Processing$6.89B · 64.4%
Intersegment Elimination($5.92B) · -55.3%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Natural Gas Transmission
Comparing DCP Midstream against the 5 most active filers in the same SIC group.