SMC: Summit Midstream Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Summit Midstream Corp (SMC).
$402.31M Market Cap.
SMC Market Cap. (MRY)
SMC Shares Outstanding (MRY)
SMC Assets (MRY)
Total Assets
$2.36B
Total Liabilities
$1.26B
Total Investments
$269.56M
SMC Income (MRY)
Revenue
$429.62M
Net Income
-$122.16M
Operating Expense
$255.59M
SMC Cash Flow (MRY)
CF Operations
$61.77M
CF Investing
$487.06M
CF Financing
-$540.28M
SMC Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $2,359,484,000 (-5.40%) | $2,494,198,000 (-2.57%) | $2,559,964,000 (1.49%) | $2,522,462,000 (0.91%) |
Assets Current | $118,271,000 (20.17%) | $98,422,000 (0.90%) | $97,542,000 (11.64%) | $87,369,000 (6.42%) |
Assets Non-Current | $2,241,213,000 (-6.45%) | $2,395,776,000 (-2.71%) | $2,462,422,000 (1.12%) | $2,435,093,000 (0.72%) |
Goodwill & Intangible Assets | $154,279,000 (-12.14%) | $175,592,000 (-11.64%) | $198,718,000 (14.91%) | $172,927,000 (-13.35%) |
Shareholders Equity | $467,792,000 (-34.90%) | $718,563,000 (-6.05%) | $764,818,000 (-15.43%) | $904,363,000 (-2.01%) |
Property Plant & Equipment Net | $1,785,029,000 (5.09%) | $1,698,585,000 (-1.17%) | $1,718,754,000 (-0.42%) | $1,726,082,000 (-4.84%) |
Cash & Equivalents | $25,199,000 (51.39%) | $16,645,000 (23.01%) | $13,531,000 (-30.87%) | $19,572,000 (25.91%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $34,968,000 (-13.19%) | $40,281,000 (-13.83%) | $46,748,000 (-11.70%) | $52,944,000 (-9.09%) |
Total Investments | $269,561,000 (-44.58%) | $486,434,000 (-4.00%) | $506,677,000 (-3.16%) | $523,196,000 (33.22%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $269,561,000 (-44.58%) | $486,434,000 (-4.00%) | $506,677,000 (-3.16%) | $523,196,000 (33.22%) |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $77,058,000 (1.03%) | $76,275,000 (1.31%) | $75,287,000 (21.19%) | $62,121,000 (0.31%) |
Trade & Non-Trade Payables | $25,162,000 (10.78%) | $22,714,000 (61.64%) | $14,052,000 (33.85%) | $10,498,000 (-11.62%) |
Accumulated Retained Earnings (Deficit) | -$183,333,000 | - | - | - |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $72,870,000 (752.98%) | $8,543,000 (-16.61%) | $10,245,000 (19.54%) | $8,570,000 (-5.68%) |
Total Debt | $993,575,000 (-32.44%) | $1,470,690,000 (-1.32%) | $1,490,362,000 (9.98%) | $1,355,072,000 (0.57%) |
Debt Current | $16,580,000 (6.80%) | $15,524,000 (47.75%) | $10,507,000 (0%) | $0 (0%) |
Debt Non-Current | $976,995,000 (-32.86%) | $1,455,166,000 (-1.67%) | $1,479,855,000 (9.21%) | $1,355,072,000 (0.57%) |
Total Liabilities | $1,261,413,000 (-23.60%) | $1,650,983,000 (-1.53%) | $1,676,562,000 (10.90%) | $1,511,774,000 (1.65%) |
Liabilities Current | $174,801,000 (30.44%) | $134,012,000 (13.68%) | $117,889,000 (48.78%) | $79,237,000 (15.83%) |
Liabilities Non-Current | $1,086,612,000 (-28.37%) | $1,516,971,000 (-2.68%) | $1,558,673,000 (8.81%) | $1,432,537,000 (0.96%) |
SMC Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $429,619,000 (-6.38%) | $458,903,000 (24.16%) | $369,594,000 (-7.74%) | $400,618,000 (4.47%) |
Cost of Revenue | $215,964,000 (1.30%) | $213,203,000 (32.44%) | $160,978,000 (3.09%) | $156,147,000 (27.28%) |
Selling General & Administrative Expense | $55,562,000 (31.87%) | $42,135,000 (-6.25%) | $44,943,000 (-22.73%) | $58,166,000 (-20.80%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $255,591,000 (51.16%) | $169,084,000 (-35.49%) | $262,103,000 (38.90%) | $188,701,000 (-8.99%) |
Interest Expense | $115,446,000 (-18.00%) | $140,784,000 (37.41%) | $102,459,000 (54.87%) | $66,156,000 (-16.15%) |
Income Tax Expense | $146,678,000 (45452.17%) | $322,000 (-0.92%) | $325,000 (199.39%) | -$327,000 (-123.97%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$113,175,000 (-190.59%) | -$38,947,000 (68.45%) | -$123,461,000 (-518.88%) | -$19,949,000 (-110.55%) |
Net Income to Non-Controlling Interests | $8,984,000 (-28.59%) | $12,581,000 (-26.62%) | $17,144,000 (2.86%) | $16,667,000 (609.07%) |
Net Income | -$122,159,000 (-137.07%) | -$51,528,000 (63.35%) | -$140,605,000 (-284.00%) | -$36,616,000 (-120.47%) |
Preferred Dividends Income Statement Impact | $13,337,000 (15.31%) | $11,566,000 (189.48%) | -$12,926,000 (-268.48%) | $7,672,000 (109.12%) |
Net Income Common Stock | -$135,496,000 (-114.75%) | -$63,094,000 (50.58%) | -$127,679,000 (-188.29%) | -$44,288,000 (-116.84%) |
Weighted Average Shares | $10,600,000 (2.57%) | $10,334,000 (2.85%) | $10,048,000 (49.06%) | $6,741,000 (87.67%) |
Weighted Average Shares Diluted | $10,600,000 (2.57%) | $10,334,000 (2.85%) | $10,048,000 (49.06%) | $6,741,000 (82.49%) |
Earning Before Interest & Taxes (EBIT) | $139,965,000 (56.25%) | $89,578,000 (336.85%) | -$37,821,000 (-229.47%) | $29,213,000 (-88.66%) |
Gross Profit | $213,655,000 (-13.04%) | $245,700,000 (17.78%) | $208,616,000 (-14.67%) | $244,471,000 (-6.26%) |
Operating Income | -$41,936,000 (-154.74%) | $76,616,000 (243.24%) | -$53,487,000 (-195.91%) | $55,770,000 (4.35%) |
SMC Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | $487,059,000 (751.53%) | -$74,756,000 (67.00%) | -$226,558,000 (-36.70%) | -$165,729,000 (-17.90%) |
Net Cash Flow from Financing | -$540,276,000 (-1001.79%) | -$49,036,000 (-140.27%) | $121,773,000 (2514.28%) | $4,658,000 (105.87%) |
Net Cash Flow from Operations | $61,771,000 (-51.33%) | $126,906,000 (28.52%) | $98,744,000 (-40.19%) | $165,099,000 (-16.86%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $8,554,000 (174.69%) | $3,114,000 (151.55%) | -$6,041,000 (-249.98%) | $4,028,000 (118.84%) |
Net Cash Flow - Business Acquisitions and Disposals | $207,416,000 (0%) | $0 (0%) | -$192,587,000 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$3,880,000 (-10.86%) | -$3,500,000 (58.55%) | -$8,444,000 (94.32%) | -$148,699,000 (-48.81%) |
Capital Expenditure | $279,123,000 (505.08%) | -$68,905,000 (-126.13%) | -$30,472,000 (-21.74%) | -$25,030,000 (41.96%) |
Issuance (Repayment) of Debt Securities | -$530,483,000 (-1195.41%) | -$40,951,000 (-131.91%) | $128,315,000 (2355.79%) | $5,225,000 (123.80%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $8,561,000 (30.38%) | $6,566,000 (73.80%) | $3,778,000 (-20.36%) | $4,744,000 (-41.51%) |
Depreciation Amortization & Accretion | $103,243,000 (-19.01%) | $127,475,000 (5.46%) | $120,878,000 (-0.18%) | $121,099,000 (-0.99%) |
SMC Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 49.70% (-7.10%) | 53.50% (-5.14%) | 56.40% (-7.54%) | 61.00% (-10.29%) |
Profit Margin | -31.50% (-129.93%) | -13.70% (60.29%) | -34.50% (-210.81%) | -11.10% (-116.18%) |
EBITDA Margin | 56.60% (19.66%) | 47.30% (110.22%) | 22.50% (-40.00%) | 37.50% (-62.16%) |
Return on Average Equity (ROAE) | -19.40% (-125.58%) | -8.60% (45.22%) | -15.70% (-227.08%) | -4.80% (-115.05%) |
Return on Average Assets (ROAA) | -6.20% (-148.00%) | -2.50% (52.83%) | -5.30% (-194.44%) | -1.80% (-117.65%) |
Return on Sales (ROS) | 32.60% (67.18%) | 19.50% (291.18%) | -10.20% (-239.73%) | 7.30% (-89.14%) |
Return on Invested Capital (ROIC) | 5.20% (108.00%) | 2.50% (327.27%) | -1.10% (-222.22%) | 0.90% (-87.14%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -2.96 (-0.85%) | -2.93 (-123.40%) | -1.31 (61.17%) | -3.38 (-2076.02%) |
Price to Sales Ratio (P/S) | 0.93 (131.27%) | 0.4 (-11.04%) | 0.45 (21.12%) | 0.37 (219.66%) |
Price to Book Ratio (P/B) | 0.86 (232.05%) | 0.26 (16.67%) | 0.22 (26.14%) | 0.18 (245.10%) |
Debt to Equity Ratio (D/E) | 2.7 (17.36%) | 2.3 (4.84%) | 2.19 (31.10%) | 1.67 (3.72%) |
Earnings Per Share (EPS) | -12.78 (-109.17%) | -6.11 (51.93%) | -12.71 (-93.46%) | -6.57 (-108.97%) |
Sales Per Share (SPS) | 40.53 (-8.73%) | 44.41 (20.73%) | 36.78 (-38.11%) | 59.43 (-44.33%) |
Free Cash Flow Per Share (FCFPS) | 32.16 (472.96%) | 5.61 (-17.40%) | 6.79 (-67.30%) | 20.78 (-51.99%) |
Book Value Per Share (BVPS) | 44.13 (-36.53%) | 69.53 (-8.65%) | 76.12 (-43.26%) | 134.16 (-47.78%) |
Tangible Assets Book Value Per Share (TABVPS) | 208.04 (-7.28%) | 224.37 (-4.52%) | 235 (-32.58%) | 348.54 (-45.57%) |
Enterprise Value Over EBIT (EV/EBIT) | 9 (-50.00%) | 18 (151.43%) | -35 (-170.00%) | 50 (733.33%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 5 (-33.16%) | 7.47 (-53.33%) | 16.01 (63.63%) | 9.79 (140.98%) |
Asset Turnover | 0.2 (8.24%) | 0.18 (18.18%) | 0.15 (-4.35%) | 0.16 (8.05%) |
Current Ratio | 0.68 (-7.77%) | 0.73 (-11.25%) | 0.83 (-25.02%) | 1.1 (-8.08%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $340,894,000 (487.74%) | $58,001,000 (-15.04%) | $68,272,000 (-51.26%) | $140,069,000 (-9.90%) |
Enterprise Value (EV) | $1,214,906,319 (-25.10%) | $1,622,032,545 (21.96%) | $1,329,979,388 (-9.59%) | $1,470,987,315 (-4.66%) |
Earnings Before Tax (EBT) | $24,519,000 (147.88%) | -$51,206,000 (63.50%) | -$140,280,000 (-279.72%) | -$36,943,000 (-120.67%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $243,208,000 (12.05%) | $217,053,000 (161.33%) | $83,057,000 (-44.74%) | $150,312,000 (-60.44%) |
Invested Capital | $2,998,780,000 (-17.59%) | $3,638,639,000 (-2.19%) | $3,720,188,000 (3.17%) | $3,605,798,000 (1.18%) |
Working Capital | -$56,530,000 (-58.84%) | -$35,590,000 (-74.92%) | -$20,347,000 (-350.21%) | $8,132,000 (-40.60%) |
Tangible Asset Value | $2,205,205,000 (-4.89%) | $2,318,606,000 (-1.81%) | $2,361,246,000 (0.50%) | $2,349,535,000 (2.14%) |
Market Capitalization | $402,307,319 (116.48%) | $185,837,545 (9.48%) | $169,745,388 (6.64%) | $159,170,315 (237.59%) |
Average Equity | $697,735,500 (-5.02%) | $734,651,500 (-9.75%) | $814,042,000 (-11.09%) | $915,599,750 (11.18%) |
Average Assets | $2,178,040,750 (-13.42%) | $2,515,519,750 (4.76%) | $2,401,187,250 (-3.66%) | $2,492,437,250 (-3.06%) |
Invested Capital Average | $2,687,841,250 (-26.47%) | $3,655,278,250 (6.64%) | $3,427,839,250 (2.43%) | $3,346,501,500 (-9.15%) |
Shares | 10,648,685 (2.63%) | 10,376,189 (1.96%) | 10,176,582 (41.94%) | 7,169,834 (89.93%) |
