XML 22 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash $ 13.8 $ 13.3
Accounts receivable, less allowance for doubtful accounts of $0.5 million and $0.6 million at June 30, 2022 and December 31, 2021 419.6 378.0
Inventory 168.3 156.5
Assets from price risk management activities 34.2 42.1
Assets held for sale, net 217.8 0.0
Prepaid expenses and other current assets 12.1 14.8
Total current assets 865.8 604.7
Property, plant and equipment 4,712.3 3,771.5
Less: accumulated depreciation 916.5 992.1
Property, plant and equipment, net 3,795.8 2,779.4
Intangible assets 1,590.1 1,126.1
Less: accumulated amortization 433.5 393.2
Intangible assets, net 1,156.6 732.9
Goodwill 194.8 138.6
Operating lease right-of-use assets, net 18.8 27.4
Investments in unconsolidated affiliates 164.8 155.8
Other non-current assets 6.2 6.9
Total assets 6,202.8 4,445.7
Current liabilities:    
Accounts payable 404.1 336.5
Accrued expenses and other liabilities 158.6 147.1
Liabilities from price risk management activities 82.3 114.6
Current portion of long-term debt 0.2 0.2
Total current liabilities 645.2 598.4
Long-term debt, less current portion 2,929.3 2,052.1
Other long-term liabilities 268.0 258.7
Deferred income taxes 2.5 2.3
Total liabilities 3,845.0 2,911.5
Commitments and contingencies (Note 9)
Interest of non-controlling partner in subsidiary 434.4 434.6
Partners’ capital:    
Crestwood Equity Partners LP partners’ capital (97,969,654 and 62,991,511 common units issued and outstanding at June 30, 2022 and December 31, 2021) 1,311.4 487.6
Preferred units (71,257,445 units issued and outstanding at both June 30, 2022 and December 31, 2021) 612.0 612.0
Total partners’ capital 1,923.4 1,099.6
Total liabilities and capital $ 6,202.8 $ 4,445.7
Limited Partners' Capital Account, Units Issued 97,969,654 62,991,511
Limited Partners' Capital Account, Units Outstanding 97,969,654 62,991,511
Preferred Units, Issued 71,257,445 71,257,445
Preferred Units, Outstanding 71,257,445 71,257,445
Crestwood Midstream Partners LP    
Assets    
Cash $ 13.3 $ 12.9
Accounts receivable, less allowance for doubtful accounts of $0.5 million and $0.6 million at June 30, 2022 and December 31, 2021 419.6 378.0
Inventory 168.3 156.5
Assets from price risk management activities 34.2 42.1
Assets held for sale, net 289.5 0.0
Prepaid expenses and other current assets 12.1 14.4
Total current assets 937.0 603.9
Property, plant and equipment 4,709.1 4,100.8
Less: accumulated depreciation 916.4 1,193.0
Property, plant and equipment, net 3,792.7 2,907.8
Intangible assets 1,590.1 1,126.1
Less: accumulated amortization 433.5 393.2
Intangible assets, net 1,156.6 732.9
Goodwill 194.8 138.6
Operating lease right-of-use assets, net 18.8 27.4
Investments in unconsolidated affiliates 164.8 155.8
Other non-current assets 4.0 4.8
Total assets 6,268.7 4,571.2
Current liabilities:    
Accounts payable 404.1 336.4
Accrued expenses and other liabilities 157.3 146.1
Liabilities from price risk management activities 82.3 114.6
Current portion of long-term debt 0.2 0.2
Total current liabilities 643.9 597.3
Long-term debt, less current portion 2,929.3 2,052.1
Other long-term liabilities 266.2 254.1
Deferred income taxes 1.1 0.8
Total liabilities 3,840.5 2,904.3
Commitments and contingencies (Note 9)
Interest of non-controlling partner in subsidiary 434.4 434.6
Partners’ capital:    
Partners' capital 1,993.8 1,232.3
Total liabilities and capital $ 6,268.7 $ 4,571.2