← XPLR Infrastructure, LP
| Annual Trend | FY 2016 | 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 | $82.0m | ($65.0m) | $167.0m | ($88.0m) | ($55.0m) | $137.0m | $477.0m | $200.0m | ($23.0m) | ($28.0m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $345.0m | $109.0m | $267.0m | ($404.0m) | ($238.0m) | $424.0m | $1.1b | $218.0m | ($411.0m) | ($436.0m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | ($232.0m) | ($411.0m) | ($399.0m) | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | $450.0m | $0 | ($37.0m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $263.0m | $171.0m | $75.0m | ($333.0m) | ($188.0m) | $287.0m | — | — | — | — | |
| Depreciation and amortization | $205.0m | $226.0m | $203.0m | $259.0m | $271.0m | $288.0m | $430.0m | $521.0m | $550.0m | $564.0m | |
| Amortization of Debt Issuance Costs | $8.0m | $11.0m | $12.0m | $11.0m | $11.0m | $11.0m | $13.0m | $17.0m | $15.0m | $16.0m | |
| Amortization of Intangible Assets | $18.0m | $17.0m | — | $72.0m | $103.0m | $117.0m | $143.0m | $82.0m | $82.0m | $83.0m | |
| Depreciation | $184.0m | $204.0m | $199.0m | $236.0m | $247.0m | $263.0m | $400.0m | $504.0m | $531.0m | $544.0m | |
| Deferred Income Tax Expense (Benefit) | $55.0m | $162.0m | $23.0m | ($26.0m) | ($26.0m) | $46.0m | $171.0m | $34.0m | $1.0m | ($42.0m) | |
| Goodwill, Impairment Loss | — | — | $44.0m | — | — | — | — | — | $575.0m | $253.0m | |
| Impairment of Intangible Assets, Finite-lived | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Disposition of Business | — | — | $153.0m | $0 | $0 | — | $36.0m | $375.0m | $13.0m | $9.0m | |
| Income (Loss) from Equity Method Investments | $20.0m | $40.0m | $41.0m | $38.0m | $108.0m | $160.0m | $183.0m | $152.0m | $107.0m | $127.0m | |
| Income Tax Expense (Benefit) | $56.0m | $167.0m | $6.0m | ($26.0m) | ($19.0m) | $48.0m | $171.0m | ($25.0m) | ($46.0m) | ($78.0m) | |
| Other Nonoperating Income (Expense) | ($2.0m) | ($2.0m) | $22.0m | $5.0m | $5.0m | $4.0m | $3.0m | $9.0m | $47.0m | $22.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $11.0m | ($1.0m) | $18.0m | — | — | — | — | — | — | — | |
| Asset Retirement Obligation, Accretion Expense | $4.0m | $4.0m | $4.0m | $6.0m | $7.0m | $7.0m | $12.0m | $15.0m | $17.0m | $18.0m | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | $107.0m | $0 | $0 | — | — | — | — | — | |
| Goodwill | $628.0m | $628.0m | $584.0m | $609.0m | $609.0m | $891.0m | $891.0m | $833.0m | $253.0m | $0 | |
| Nonoperating Income (Expense) | $111.0m | ($31.0m) | ($170.0m) | ($663.0m) | ($510.0m) | $238.0m | $1.1b | ($229.0m) | $2.0m | ($291.0m) | |
| Operating Expenses | $425.0m | $500.0m | $328.0m | $622.0m | $664.0m | $748.0m | $1.1b | $1.1b | $1.7b | $1.4b | |
| Payments of Financing Costs | $10.0m | $24.0m | $0 | $48.0m | $1.0m | $12.0m | $17.0m | $12.0m | $2.0m | $73.0m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($7.0m) | ($5.0m) | ($2.0m) | $6.0m | $0 | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $328.0m | $413.0m | $362.0m | $346.0m | $665.0m | $677.0m | $776.0m | $731.0m | $800.0m | $739.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $283.0m | $349.0m | $25.0m | $93.0m | $334.0m | $113.0m | $1.4b | $1.3b | $241.0m | $958.0m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | ($4.0m) | ($12.0m) | ($21.0m) | ($45.0m) | ($6.0m) | ($1.0m) | ($27.0m) | ($24.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($1.2b) | ($1.4b) | ($763.0m) | ($2.3b) | ($681.0m) | ($2.3b) | ($1.2b) | ($194.0m) | $1.2b | $630.0m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $771.0m | $1.9b | $750.0m | $3.4b | $695.0m | $2.9b | $1.5b | $2.4b | $354.0m | $3.4b | |
| Proceeds from Issuance of Common Stock | — | — | — | $2.0m | $2.0m | — | — | — | $3.0m | $4.0m | |
| Proceeds from Noncontrolling Interests | $0 | $0 | $750.0m | $1.8b | $750.0m | $893.0m | $1.1b | $177.0m | $0 | $0 | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | ($5.0m) | ($3.0m) | ($13.0m) | ($18.0m) | ($2.0m) | ($10.0m) | ($12.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $807.0m | $959.0m | $371.0m | $2.0b | ($4.0m) | $1.7b | $551.0m | ($527.0m) | ($2.0b) | ($674.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $5.0m | $7.0m | ($32.0m) | ($34.0m) | ($20.0m) | $39.0m | $133.0m | $10.0m | $34.0m | $695.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $5.0m | $198.0m | $166.0m | $132.0m | $112.0m | $151.0m | $284.0m | $294.0m | $328.0m | $1.0b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $166.0m | $163.0m | $171.0m | $162.0m | $163.0m | $126.0m | $154.0m | $250.0m | $193.0m | $167.0m | |
| Income Taxes Paid, Net | — | — | $5.0m | $1.0m | $6.0m | $2.0m | $0 | ($1.0m) | ($47.0m) | $45.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.