SPH: Suburban Propane Partners Lp Financial Statements
Balance sheet, income statement, and cash flow statements for Suburban Propane Partners Lp (SPH).
$1.14B Market Cap.
SPH Market Cap. (MRY)
SPH Shares Outstanding (MRY)
SPH Assets (MRY)
Total Assets
$2.27B
Total Liabilities
$1.73B
Total Investments
$0
SPH Income (MRY)
Revenue
$1.33B
Net Income
$74.17M
Operating Expense
$156.87M
SPH Cash Flow (MRY)
CF Operations
$160.59M
CF Investing
-$81.64M
CF Financing
-$72.50M
SPH Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $2,272,761,000 (0.10%) | $2,270,475,000 (7.93%) | $2,103,726,000 (2.53%) | $2,051,730,000 (0.22%) |
Assets Current | $157,544,000 (-3.94%) | $164,002,000 (-6.21%) | $174,860,000 (-2.91%) | $180,108,000 (55.32%) |
Assets Non-Current | $2,115,217,000 (0.42%) | $2,106,473,000 (9.21%) | $1,928,866,000 (3.06%) | $1,871,622,000 (-3.09%) |
Goodwill & Intangible Assets | $1,225,764,000 (-0.29%) | $1,229,329,000 (6.58%) | $1,153,425,000 (0.62%) | $1,146,289,000 (-3.50%) |
Shareholders Equity | $547,060,000 (0.13%) | $546,356,000 (9.81%) | $497,530,000 (16.95%) | $425,421,000 (17.40%) |
Property Plant & Equipment Net | $794,228,000 (0.66%) | $788,994,000 (12.66%) | $700,362,000 (0.18%) | $699,129,000 (-2.50%) |
Cash & Equivalents | $3,219,000 (-8.39%) | $3,514,000 (-14.29%) | $4,100,000 (-29.41%) | $5,808,000 (84.97%) |
Accumulated Other Comprehensive Income | -$6,147,000 (42.37%) | -$10,667,000 (15.31%) | -$12,596,000 (28.37%) | -$17,584,000 (31.78%) |
Deferred Revenue | $126,570,000 (-0.58%) | $127,311,000 (-0.22%) | $127,592,000 (14.20%) | $111,727,000 (6.99%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $55,430,000 (-10.35%) | $61,828,000 (-7.61%) | $66,921,000 (8.28%) | $61,802,000 (31.86%) |
Trade & Non-Trade Receivables | $66,444,000 (-1.84%) | $67,687,000 (-13.81%) | $78,529,000 (10.03%) | $71,372,000 (28.74%) |
Trade & Non-Trade Payables | $41,058,000 (2.53%) | $40,043,000 (13.85%) | $35,173,000 (-10.20%) | $39,169,000 (22.46%) |
Accumulated Retained Earnings (Deficit) | - | - | - | - |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $1,349,739,000 (1.46%) | $1,330,267,000 (9.66%) | $1,213,125,000 (-2.75%) | $1,247,424,000 (-6.16%) |
Debt Current | $35,616,000 (6.12%) | $33,562,000 (4.47%) | $32,126,000 (4.04%) | $30,878,000 (16.80%) |
Debt Non-Current | $1,314,123,000 (1.34%) | $1,296,705,000 (9.80%) | $1,180,999,000 (-2.92%) | $1,216,546,000 (-6.62%) |
Total Liabilities | $1,725,701,000 (0.09%) | $1,724,119,000 (7.34%) | $1,606,196,000 (-1.24%) | $1,626,309,000 (-3.48%) |
Liabilities Current | $306,122,000 (-0.55%) | $307,818,000 (0.39%) | $306,622,000 (6.78%) | $287,146,000 (17.43%) |
Liabilities Non-Current | $1,419,579,000 (0.23%) | $1,416,301,000 (8.98%) | $1,299,574,000 (-2.96%) | $1,339,163,000 (-7.03%) |
SPH Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $1,327,172,000 (-7.14%) | $1,429,194,000 (-4.81%) | $1,501,465,000 (16.51%) | $1,288,755,000 (16.32%) |
Cost of Revenue | $999,053,000 (-6.47%) | $1,068,189,000 (-7.48%) | $1,154,534,000 (28.73%) | $896,868,000 (14.26%) |
Selling General & Administrative Expense | $89,894,000 (-1.83%) | $91,574,000 (12.01%) | $81,756,000 (10.34%) | $74,096,000 (12.39%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $156,869,000 (1.76%) | $154,156,000 (9.64%) | $140,604,000 (-21.30%) | $178,651,000 (-2.23%) |
Interest Expense | $74,590,000 (1.63%) | $73,393,000 (20.99%) | $60,658,000 (-10.97%) | $68,132,000 (-8.83%) |
Income Tax Expense | $734,000 (9.88%) | $668,000 (55.71%) | $429,000 (-61.35%) | $1,110,000 (860.27%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $74,174,000 (-40.06%) | $123,752,000 (-11.42%) | $139,708,000 (13.78%) | $122,793,000 (102.10%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $74,174,000 (-40.06%) | $123,752,000 (-11.42%) | $139,708,000 (13.78%) | $122,793,000 (102.10%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $74,174,000 (-40.06%) | $123,752,000 (-11.42%) | $139,708,000 (13.78%) | $122,793,000 (102.10%) |
Weighted Average Shares | $64,306,000 (0.74%) | $63,835,000 (0.99%) | $63,212,000 (0.80%) | $62,713,000 (0.66%) |
Weighted Average Shares Diluted | $64,841,000 (0.62%) | $64,441,000 (0.66%) | $64,018,000 (1.11%) | $63,313,000 (0.93%) |
Earning Before Interest & Taxes (EBIT) | $149,498,000 (-24.42%) | $197,813,000 (-1.49%) | $200,795,000 (4.56%) | $192,035,000 (41.89%) |
Gross Profit | $328,119,000 (-9.11%) | $361,005,000 (4.06%) | $346,931,000 (-11.47%) | $391,887,000 (21.33%) |
Operating Income | $171,250,000 (-17.21%) | $206,849,000 (0.25%) | $206,327,000 (-3.24%) | $213,236,000 (52.02%) |
SPH Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$81,644,000 (52.15%) | -$170,637,000 (-80.69%) | -$94,435,000 (-177.14%) | -$34,075,000 (36.00%) |
Net Cash Flow from Financing | -$72,501,000 (-62.46%) | -$44,628,000 (65.09%) | -$127,820,000 (32.66%) | -$189,809,000 (-22.13%) |
Net Cash Flow from Operations | $160,585,000 (-28.70%) | $225,239,000 (2.13%) | $220,547,000 (-2.65%) | $226,552,000 (8.21%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $6,440,000 (-35.43%) | $9,974,000 (683.96%) | -$1,708,000 (-164.02%) | $2,668,000 (281.69%) |
Net Cash Flow - Business Acquisitions and Disposals | -$25,152,000 (80.67%) | -$130,124,000 (-135.59%) | -$55,233,000 (-533.70%) | -$8,716,000 (66.00%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$56,492,000 (-39.44%) | -$40,513,000 (-3.34%) | -$39,202,000 (-54.59%) | -$25,359,000 (8.14%) |
Issuance (Repayment) of Debt Securities | $19,000,000 (-55.19%) | $42,400,000 (200.00%) | -$42,400,000 (57.14%) | -$98,933,000 (-423.46%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Payment of Dividends & Other Cash Distributions | -$83,090,000 (-0.86%) | -$82,383,000 (-0.81%) | -$81,725,000 (-6.85%) | -$76,484,000 (41.26%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $8,191,000 (-0.84%) | $8,260,000 (-26.60%) | $11,253,000 (11.71%) | $10,073,000 (8.99%) |
Depreciation Amortization & Accretion | $66,975,000 (7.02%) | $62,582,000 (6.35%) | $58,848,000 (-43.72%) | $104,555,000 (-10.48%) |
SPH Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 24.70% (-2.37%) | 25.30% (9.52%) | 23.10% (-24.01%) | 30.40% (4.11%) |
Profit Margin | 5.60% (-35.63%) | 8.70% (-6.45%) | 9.30% (-2.11%) | 9.50% (72.73%) |
EBITDA Margin | 16.30% (-10.44%) | 18.20% (5.20%) | 17.30% (-24.78%) | 23.00% (0.88%) |
Return on Average Equity (ROAE) | 12.60% (-42.47%) | 21.90% (-18.59%) | 26.90% (-3.58%) | 27.90% (93.75%) |
Return on Average Assets (ROAA) | 3.20% (-41.82%) | 5.50% (-16.67%) | 6.60% (11.86%) | 5.90% (103.45%) |
Return on Sales (ROS) | 11.30% (-18.12%) | 13.80% (2.99%) | 13.40% (-10.07%) | 14.90% (22.13%) |
Return on Invested Capital (ROIC) | 7.00% (-26.32%) | 9.50% (-7.77%) | 10.30% (5.10%) | 9.80% (46.27%) |
Dividend Yield | 7.30% (-9.88%) | 8.10% (-1.22%) | 8.20% (1.23%) | 8.10% (-42.96%) |
Price to Earnings Ratio (P/E) | 15.5 (87.31%) | 8.27 (15.35%) | 7.17 (-7.40%) | 7.75 (-48.75%) |
Price to Sales Ratio (P/S) | 0.86 (20.36%) | 0.72 (7.50%) | 0.67 (-9.74%) | 0.74 (-11.28%) |
Price to Book Ratio (P/B) | 2.09 (11.84%) | 1.87 (-7.03%) | 2.01 (-10.04%) | 2.23 (-12.17%) |
Debt to Equity Ratio (D/E) | 3.15 (-0.03%) | 3.16 (-2.23%) | 3.23 (-15.56%) | 3.82 (-17.77%) |
Earnings Per Share (EPS) | 1.15 (-40.72%) | 1.94 (-12.22%) | 2.21 (12.76%) | 1.96 (100.00%) |
Sales Per Share (SPS) | 20.64 (-7.82%) | 22.39 (-5.74%) | 23.75 (15.59%) | 20.55 (15.55%) |
Free Cash Flow Per Share (FCFPS) | 1.62 (-44.06%) | 2.89 (0.87%) | 2.87 (-10.57%) | 3.21 (9.98%) |
Book Value Per Share (BVPS) | 8.51 (-0.61%) | 8.56 (8.74%) | 7.87 (16.02%) | 6.78 (16.62%) |
Tangible Assets Book Value Per Share (TABVPS) | 16.28 (-0.18%) | 16.31 (8.49%) | 15.03 (4.13%) | 14.44 (4.67%) |
Enterprise Value Over EBIT (EV/EBIT) | 17 (41.67%) | 12 (9.09%) | 11 (-8.33%) | 12 (-29.41%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 11.47 (26.77%) | 9.05 (6.47%) | 8.5 (14.03%) | 7.46 (-16.69%) |
Asset Turnover | 0.58 (-8.57%) | 0.63 (-10.64%) | 0.7 (14.08%) | 0.62 (18.16%) |
Current Ratio | 0.52 (-3.38%) | 0.53 (-6.49%) | 0.57 (-9.09%) | 0.63 (32.28%) |
Dividends | $1.3 (0.00%) | $1.3 (0.00%) | $1.3 (6.12%) | $1.23 (-41.67%) |
Free Cash Flow (FCF) | $104,093,000 (-43.65%) | $184,726,000 (1.86%) | $181,345,000 (-9.87%) | $201,193,000 (10.70%) |
Enterprise Value (EV) | $2,483,991,438 (5.38%) | $2,357,218,943 (6.78%) | $2,207,573,763 (-0.17%) | $2,211,386,607 (-2.00%) |
Earnings Before Tax (EBT) | $74,908,000 (-39.79%) | $124,420,000 (-11.22%) | $140,137,000 (13.10%) | $123,903,000 (104.42%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $216,473,000 (-16.87%) | $260,395,000 (0.29%) | $259,643,000 (-12.46%) | $296,590,000 (17.63%) |
Invested Capital | $2,087,395,000 (1.33%) | $2,060,081,000 (11.19%) | $1,852,704,000 (-0.39%) | $1,859,911,000 (-4.18%) |
Working Capital | -$148,578,000 (-3.31%) | -$143,816,000 (-9.15%) | -$131,762,000 (-23.10%) | -$107,038,000 (16.74%) |
Tangible Asset Value | $1,046,997,000 (0.56%) | $1,041,146,000 (9.56%) | $950,301,000 (4.95%) | $905,441,000 (5.37%) |
Market Capitalization | $1,141,760,438 (12.00%) | $1,019,392,943 (2.11%) | $998,341,763 (5.16%) | $949,323,607 (3.14%) |
Average Equity | $586,710,250 (3.78%) | $565,346,500 (8.94%) | $518,970,000 (18.09%) | $439,451,500 (4.36%) |
Average Assets | $2,303,366,000 (1.60%) | $2,267,007,500 (6.48%) | $2,128,976,000 (2.14%) | $2,084,374,250 (-1.53%) |
Invested Capital Average | $2,150,751,250 (3.36%) | $2,080,805,000 (6.60%) | $1,952,008,750 (-0.41%) | $1,960,076,750 (-3.58%) |
Shares | 64,071,854 (0.88%) | 63,513,579 (0.84%) | 62,986,862 (0.72%) | 62,537,787 (0.63%) |
