← Kinetik Holdings Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $8k | $479k | $449.9m | $6.0m | $24.2m | $132.0m | $6.4m | $4.5m | $3.6m | $4.0m | |
| Prepaid Expense and Other Assets, Current | — | $67k | $1.4m | $1.1m | $2.1m | $5.9m | $24.5m | $29.3m | $36.7m | $33.7m | |
| Cash and cash equivalents | $8k | $479k | $449.9m | $6.0m | $24.2m | $132.0m | $6.4m | $4.5m | $3.6m | $4.0m | |
| Accounts receivable, net of allowance for credit losses of $1,000 in 2025 and 2024 | — | — | — | — | — | $178.1m | $204.0m | $215.7m | $111.9m | $85.3m | |
| Accounts receivable pledged | — | — | — | — | — | — | — | $0 | $140.2m | $165.2m | |
| Prepaid and other current assets | — | $67k | $1.4m | $1.1m | $2.1m | $5.9m | $24.5m | $29.3m | $36.7m | $33.7m | |
| Inventory, Net | — | — | $5.8m | $4.0m | $3.6m | $3.0m | $4.8m | $3.1m | $3.6m | $4.6m | |
| Assets, Current | $8k | $547k | $468.0m | $31.7m | $42.8m | $166.6m | $241.9m | $257.3m | $294.8m | $302.0m | |
| Property, Plant and Equipment, Net | — | $699.6m | $1.2b | $205.8m | $195.8m | $187.0m | $2.5b | $2.7b | $3.4b | $3.9b | |
| Goodwill | — | — | — | — | — | $0 | $5.1m | $5.1m | $5.1m | $5.1m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | — | — | — | — | $695.4m | $591.7m | $652.5m | $553.2m | |
| Intangible assets, net | — | — | — | — | — | $786.0m | $695.4m | $591.7m | $652.5m | $553.2m | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | — | — | $28.6m | $37.6m | $29.8m | $71.1m | |
| Other Assets, Noncurrent | — | — | $162.4m | $1.3b | $1.6b | $1.4b | — | — | $200k | — | |
| Operating lease right-of-use assets | — | — | — | — | — | $61.6m | $28.6m | $37.6m | $29.8m | $71.1m | |
| Deferred charges and other assets | — | $0 | $3.7m | $5.3m | $5.8m | $6.2m | $32.3m | $85.2m | $77.0m | $90.0m | |
| NONCURRENT LIABILITIES | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | — | — | — | — | $204.0m | $215.7m | $111.9m | $85.3m | |
| Accrued Liabilities, Current | — | $743k | — | — | — | $135.6m | $173.9m | $177.4m | $186.7m | $172.1m | |
| Derivative assets | — | — | — | — | — | $0 | $7.0m | $7.8m | $2.3m | $13.9m | |
| Derivative asset, non-current | — | — | — | — | — | — | $0 | $165k | $65k | $1.5m | |
| Deferred tax asset | — | $0 | $67.6m | $0 | — | — | $0 | $235.6m | $204.0m | $197.7m | |
| Investments in unconsolidated affiliates | — | $0 | $91.1m | $1.3b | $1.6b | $1.4b | $2.4b | $2.5b | $2.1b | $2.0b | |
| Noncurrent assets | — | — | — | — | — | $3.3b | $5.7b | $6.2b | $6.5b | $6.8b | |
| Derivative liabilities | — | — | — | — | — | $200k | $8.3m | $5.4m | $1.9m | $0 | |
| Current portion of operating lease liabilities | — | — | — | — | — | $31.8m | $22.8m | $29.2m | $18.7m | $43.6m | |
| Current debt obligations | — | — | — | — | — | $54.3m | $0 | $0 | $140.2m | $165.2m | |
| Other current liabilities | — | $124.5m | $84.9m | $23.9m | $5.6m | $15.7m | $7.5m | $7.8m | $35.7m | $12.1m | |
| Contract liabilities | — | — | — | — | — | $11.7m | $22.7m | $25.8m | $21.0m | $31.0m | |
| Operating lease liabilities | — | — | — | — | — | $29.9m | $6.0m | $9.3m | $11.5m | $29.0m | |
| Other liabilities | — | $25.2m | $32.0m | $4.6m | $5.5m | $10.1m | $2.7m | $3.2m | $2.1m | $14.7m | |
| Deferred consideration | — | — | — | — | — | — | — | $0 | $1k | $0 | |
| Liabilities, Noncurrent | — | — | — | $167.6m | — | — | $3.4b | $3.6b | $3.4b | $3.7b | |
| Total equity | $23k | $5.0m | ($213.7m) | ($353.1m) | ($246.5m) | ($577.2m) | ($839.8m) | ($530.8m) | ($3.0b) | ($565.4m) | |
| Assets | $46k | $379.7m | $1.9b | $1.5b | $1.8b | $1.7b | $5.9b | $6.5b | $6.8b | $7.1b | |
| Total assets | $46k | $379.7m | $1.9b | $1.5b | $1.8b | $1.7b | $5.9b | $6.5b | $6.8b | $7.1b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $602k | — | — | $22.8m | $29.2m | $18.7m | $43.6m | |
| Accounts Payable, Current | — | — | — | — | — | $12.2m | $17.9m | $34.0m | $27.2m | $42.1m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $1.0m | — | — | $6.0m | $9.3m | $11.5m | $29.0m | |
| Dividends Payable | — | — | — | — | $5.6m | $0 | — | — | — | — | |
| Liabilities, Current | $23k | $1.2m | $98.5m | $33.7m | $30.0m | $27.2m | $227.8m | $250.1m | $418.6m | $440.5m | |
| Deferred Income Tax Liabilities, Net | — | — | $2.6m | $0 | — | — | $11.0m | $13.2m | $16.8m | $22.3m | |
| Other Liabilities, Noncurrent | — | — | $32.0m | $4.6m | $5.5m | $10.1m | $2.7m | $3.2m | $2.1m | $14.7m | |
| Long Term Debt | — | — | — | $396.0m | $624.0m | $657.0m | $3.4b | $3.6b | $3.5b | $3.7b | |
| Long term debt, net | — | — | — | — | — | $2.3b | $3.4b | $3.6b | $3.4b | $3.6b | |
| Deferred tax liabilities | — | $7.0m | $2.6m | $0 | — | $7.2m | $11.0m | $13.2m | $16.8m | $22.3m | |
| Deferred Tax Liabilities, Net | — | — | — | — | — | — | $11.0m | — | — | — | |
| Liabilities | $23k | $14.5m | $130.5m | $597.3m | $862.6m | $819.6m | $3.6b | $3.9b | $3.8b | $4.2b | |
| Total liabilities | $23k | $14.5m | $130.5m | $597.3m | $862.6m | $819.6m | $3.6b | $3.9b | $3.8b | $4.2b | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | — | — | $1.9b | $701.0m | $575.1m | $769.9m | — | — | — | — | |
| Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount | — | — | — | $701.0m | $575.1m | $769.9m | $3.1b | $3.2b | $6.0b | $3.5b | |
| Redeemable noncontrolling interest — Common Unit limited partners | — | — | $1.9b | $701.0m | $575.1m | $769.9m | $3.1b | $3.2b | $6.0b | $3.5b | |
| Stockholders’ equity: | |||||||||||
| Additional Paid in Capital | $24k | $5.2m | $0 | $39.8m | $144.7m | $0 | $118.8m | $192.7m | $0 | $240.7m | |
| Retained Earnings (Accumulated Deficit) | ($2k) | ($189k) | ($213.7m) | ($392.6m) | ($391.0m) | ($577.3m) | ($958.6m) | ($723.5m) | ($3.0b) | ($806.1m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | — | ($266k) | ($145k) | $0 | — | — | — | — | |
| Additional Paid in Capital, Common Stock | $24k | $5.2m | — | — | — | — | — | — | — | — | |
| Accumulated deficit | ($2k) | ($189k) | ($213.7m) | ($392.6m) | ($391.0m) | ($577.3m) | ($958.6m) | ($723.5m) | ($3.0b) | ($806.1m) | |
| Stockholders' Equity Attributable to Parent | $23k | $5.0m | ($213.7m) | ($353.1m) | ($246.5m) | ($577.2m) | ($839.8m) | ($530.8m) | ($3.0b) | ($565.4m) | |
| Liabilities and Equity | $46k | $379.7m | $1.9b | $1.5b | $1.8b | $1.7b | $5.9b | $6.5b | $6.8b | $7.1b | |
| Total liabilities, noncontrolling interest and equity | $46k | $379.7m | $1.9b | $1.5b | $1.8b | $1.7b | $5.9b | $6.5b | $6.8b | $7.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.