Financial Statements

Shell Midstream Partners, L.P. (SHLX)


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Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) -----
Net Income 556543528464295
Stock Dividends 501275016971,073
Dividend Paid -606-670-1,029-1,162-1,368
Retained Earnings -----

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 703730742737-
Annual Depreciation -35-2655795
Capital Expenditure -11-27-38-49-58
Net PPE 657703730742737

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -----
New Purchases --28-25--4
Intangible and Goodwill -----

Shell Midstream Partners, L.P. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Shell Midstream Partners, L.P. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.