← Hess Midstream LP
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Net Income (Loss) Attributable to Parent | $242.0m |
$70.8m
-70.74%
|
$70.1m
-0.99%
|
$24.0m
-65.76%
|
$46.4m
+93.33%
|
$83.9m
+80.82%
|
$118.6m
+41.36%
|
$223.1m
+88.11%
|
$352.9m
+58.18%
|
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $325.5m | $317.7m | $484.9m | $617.8m | $620.6m | $607.7m | $659.0m | $684.6m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $301.5m | $302.6m | $460.9m | $571.4m | $536.7m | $489.1m | $435.9m | $331.7m | |
| Amortization of Debt Issuance Costs | — | $5.0m | $5.1m | $6.5m | $7.3m | $8.8m | $8.4m | $9.6m | $14.1m | |
| Depreciation | — | $126.9m | $142.5m | $156.9m | $165.6m | $181.3m | $192.5m | $203.1m | $214.1m | |
| Depreciation expense | $116.5m | $126.9m | $142.5m | $156.9m | $165.6m | $181.3m | $192.5m | $203.1m | $214.1m | |
| Amortization of deferred financing costs | $3.8m | $5.0m | $5.1m | $6.5m | $7.3m | $8.8m | $8.4m | $9.6m | $14.1m | |
| Deferred Income Tax Expense (Benefit) | — | — | ($100k) | $7.3m | $14.6m | $26.6m | $37.9m | $71.6m | $113.7m | |
| Deferred income tax expense | — | — | ($100k) | $7.3m | $14.6m | $26.6m | $37.9m | $71.6m | $113.7m | |
| Recognition of deferred tax asset | — | — | $49.7m | — | $89.0m | $86.4m | $185.1m | $329.8m | $305.0m | |
| Share-based Payment Arrangement, Noncash Expense | — | $900k | $1.5m | $1.5m | $1.4m | $1.6m | $1.7m | $1.8m | $1.6m | |
| Income (Loss) from Equity Method Investments | — | — | $3.4m | $10.3m | $10.6m | $5.3m | $7.7m | $14.0m | $15.9m | |
| Income from equity investments | — | — | ($3.4m) | ($10.3m) | ($10.6m) | ($5.3m) | ($7.7m) | ($14.0m) | ($15.9m) | |
| Distributions from equity investments | — | — | — | $9.7m | $17.4m | $13.0m | $11.4m | $17.2m | $21.4m | |
| Changes in operating assets and liabilities: | ||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | — | — | $1.7m | $3.1m | |
| Accounts receivable - trade | — | — | — | — | — | — | ($1.6m) | ($1.7m) | ($3.1m) | |
| Accounts receivable – affiliate | ($16.9m) | ($6.3m) | ($19.5m) | ($5.0m) | ($27.0m) | ($2.6m) | $600k | ($12.7m) | ($8.0m) | |
| Accounts payable – trade | ($16.7m) | $4.0m | $11.5m | ($600k) | ($3.1m) | $8.1m | $3.5m | $17.4m | ($31.0m) | |
| Accounts payable – affiliate | $7.5m | ($6.4m) | $3.7m | $100k | $9.7m | ($5.8m) | $10.1m | ($5.9m) | ($9.4m) | |
| Accrued liabilities | $3.2m | $17.3m | $18.6m | ($11.4m) | $9.2m | $9.1m | $4.0m | $3.5m | $6.4m | |
| (Increase) decrease in accrued capital expenditures and related liabilities | $25.9m | ($29.4m) | ($10.7m) | $48.1m | ($19.8m) | $6.5m | ($22.2m) | $17.6m | $8.1m | |
| Other current and noncurrent assets | $1.2m | $1.9m | ($1.4m) | ($700k) | ($5.1m) | $3.5m | ($200k) | $900k | ($400k) | |
| Other current and noncurrent liabilities | $2.1m | ($900k) | ($600k) | $3.3m | ($1.7m) | $2.2m | ($1.9m) | ($9.5m) | ($4.3m) | |
| Net Cash Provided by (Used in) Operating Activities | $336.5m |
$466.9m
+38.75%
|
$470.7m
+0.81%
|
$641.7m
+36.33%
|
$795.5m
+23.97%
|
$861.1m
+8.25%
|
$866.4m
+0.62%
|
$940.3m
+8.53%
|
$983.8m
+4.63%
|
|
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($144.2m) | $241.9m | $306.4m | $301.1m | $163.2m | $238.2m | $223.5m | $306.1m | $255.6m | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | $600k | — | $100k | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $89.2m | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($131.4m) | ($307.6m) | ($497.5m) | ($301.0m) | ($163.2m) | ($238.2m) | ($223.5m) | ($306.1m) | ($255.6m) | |
| Cash flows from financing activities: | ||||||||||
| Net proceeds from (repayments of) borrowings with maturities of 90 days or less | — | — | $32.0m | $152.0m | ($80.0m) | ($86.0m) | $322.0m | ($325.0m) | $323.0m | |
| Payments for Repurchase of Common Stock | — | — | — | — | $750.0m | $400.0m | $400.0m | $300.0m | $400.0m | |
| Net Cash Provided by (Used in) Financing Activities | $148.9m |
($405.7m)
-372.46%
|
($79.2m)
+80.48%
|
($341.4m)
-331.06%
|
($632.7m)
-85.33%
|
($622.0m)
+1.69%
|
($640.6m)
-2.99%
|
($635.3m)
+0.83%
|
($730.6m)
-15.00%
|
|
| Increase (decrease) in cash and cash equivalents | $354.0m | ($246.4m) | ($106.0m) | ($700k) | ($400k) | $900k | $2.3m | ($1.1m) | ($2.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($246.4m) | ($106.0m) | ($700k) | ($400k) | $900k | $2.3m | ($1.1m) | ($2.4m) | |
| Cash and cash equivalents, beginning of period | $355.7m | $109.3m | $3.3m | $2.6m | $2.2m | $3.1m | $5.4m | $4.3m | $1.9m | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Additional Financial Items | ||||||||||
| General and Administrative Expense | — | $14.1m | $52.4m | $21.1m | $22.7m | $23.1m | $26.2m | $26.1m | $28.5m | |
| Income Tax Expense (Benefit) | — | — | ($100k) | $7.3m | $14.6m | $26.6m | $37.9m | $71.8m | $113.8m | |
| Operating Costs and Expenses | — | $193.5m | $276.8m | $337.4m | $288.3m | $279.6m | $313.0m | $347.3m | $370.6m | |
| Payments of Financing Costs | — | $1.0m | $20.4m | $1.3m | $11.6m | $13.3m | — | $9.5m | $12.5m | |
| Restructuring Costs | — | — | $26.2m | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $712.0m | $847.6m | $1.1b | $1.2b | $1.3b | $1.3b | $1.5b | $1.6b | |
| Equity-based compensation expense | $200k | $900k | $1.5m | $1.5m | $1.4m | $1.6m | $1.7m | $1.8m | $1.6m | |
| Proceeds | — | — | — | — | — | — | $0 | $600.0m | $800.0m | |
| Repayments | ($385.0m) | ($2.5m) | ($7.5m) | — | ($10.0m) | ($10.0m) | ($2.5m) | ($12.5m) | ($822.5m) | |
| Deferred financing costs | ($22.9m) | ($1.0m) | ($20.4m) | ($1.3m) | ($11.6m) | ($13.3m) | $0 | ($9.5m) | ($12.5m) | |
| Transaction costs | — | — | — | — | ($2.1m) | ($1.5m) | ($3.1m) | ($2.2m) | ($2.9m) | |
| Share and unit repurchases | — | — | — | — | ($750.0m) | ($400.0m) | ($400.0m) | ($300.0m) | ($400.0m) | |
| Distributions to shareholders | — | ($74.1m) | ($85.4m) | ($31.6m) | ($49.4m) | ($91.0m) | ($127.5m) | ($235.3m) | ($350.2m) | |
| Distributions to noncontrolling interest | — | ($322.0m) | — | ($462.1m) | ($479.6m) | ($440.2m) | ($429.5m) | ($350.8m) | ($265.5m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.