Note 16. Condensed Consolidating Financial Information

EPO conducts all of our business. Currently, we have no independent operations and no material assets outside those of EPO.

EPO has issued publicly traded debt securities. As the parent company of EPO, Enterprise Products Partners L.P. guarantees substantially all of the debt obligations of EPO. If EPO were to default on any of its guaranteed debt, Enterprise Products Partners L.P. would be responsible for full and unconditional repayment of that obligation. See Note 7 for additional information regarding our consolidated debt obligations.

EPO's consolidated subsidiaries have no significant restrictions on their ability to pay distributions or make loans to Enterprise Products Partners L.P.

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

March 31, 2017

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)		EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries		Enterprise Products Partners L.P. (Guarantor)		Eliminations and Adjustments			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents and restricted cash	$	45.0	$	67.9	$	(5.8	)	$	107.1	$	--	$	--		$	107.1
Accounts receivable – trade, net		1,231.3		1,922.2		(0.7	)		3,152.8		--		--			3,152.8
Accounts receivable – related parties		101.5		818.8		(918.7	)		1.6		6.6		(6.6	)		1.6
Inventories		1,548.3		374.1		(0.4	)		1,922.0		--		--			1,922.0
Derivative assets		37.1		3.3		--			40.4		--		--			40.4
Prepaid and other current assets		212.5		220.0		(14.9	)		417.6		--		--			417.6
Total current assets		3,175.7		3,406.3		(940.5	)		5,641.5		6.6		(6.6	)		5,641.5
Property, plant and equipment, net		4,972.2		28,582.3		1.6			33,556.1		--		--			33,556.1
Investments in unconsolidated affiliates		40,079.6		4,186.7		(41,594.9	)		2,671.4		22,847.6		(22,847.6	)		2,671.4
Intangible assets, net		696.0		3,141.3		(14.2	)		3,823.1		--		--			3,823.1
Goodwill		459.5		5,285.7		--			5,745.2		--		--			5,745.2
Other assets		228.1		42.8		(179.2	)		91.7		0.5		--			92.2
Total assets	$	49,611.1	$	44,645.1	$	(42,727.2	)	$	51,529.0	$	22,854.7	$	(22,854.2	)	$	51,529.5

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	2,299.9	$	0.1	$	--		$	2,300.0	$	--	$	--		$	2,300.0
Accounts payable – trade		221.5		310.2		(5.8	)		525.9		0.2		--			526.1
Accounts payable – related parties		894.4		98.3		(936.1	)		56.6		0.1		(6.6	)		50.1
Accrued product payables		1,980.4		1,638.9		(1.1	)		3,618.2		--		--			3,618.2
Accrued interest		202.5		0.3		--			202.8		--		--			202.8
Derivative liabilities		34.5		9.3		--			43.8		--		--			43.8
Other current liabilities		53.4		264.1		(11.0	)		306.5		--		0.5			307.0
Total current liabilities		5,686.6		2,321.2		(954.0	)		7,053.8		0.3		(6.1	)		7,048.0
Long-term debt		21,107.9		15.1		--			21,123.0		--		--			21,123.0
Deferred tax liabilities		4.4		45.0		(0.5	)		48.9		--		3.7			52.6
Other long-term liabilities		11.6		400.6		(181.4	)		230.8		275.1		--			505.9
Commitments and contingencies
Equity:
Partners' and other owners' equity		22,800.6		41,785.8		(41,764.2	)		22,822.2		22,579.3		(22,822.2	)		22,579.3
Noncontrolling interests		--		77.4		172.9			250.3		--		(29.6	)		220.7
Total equity		22,800.6		41,863.2		(41,591.3	)		23,072.5		22,579.3		(22,851.8	)		22,800.0
Total liabilities and equity	$	49,611.1	$	44,645.1	$	(42,727.2	)	$	51,529.0	$	22,854.7	$	(22,854.2	)	$	51,529.5

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

December 31, 2016

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)		EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries		Enterprise Products Partners L.P. (Guarantor)		Eliminations and Adjustments			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents and restricted cash	$	366.2	$	58.9	$	(7.5	)	$	417.6	$	--	$	--		$	417.6
Accounts receivable – trade, net		1,499.4		1,830.3		(0.2	)		3,329.5		--		--			3,329.5
Accounts receivable – related parties		131.5		961.4		(1,090.7	)		2.2		--		(1.1	)		1.1
Inventories		1,357.5		413.5		(0.5	)		1,770.5		--		--			1,770.5
Derivative assets		464.8		76.6		--			541.4		--		--			541.4
Prepaid and other current assets		290.7		191.1		(13.7	)		468.1		--		--			468.1
Total current assets		4,110.1		3,531.8		(1,112.6	)		6,529.3		--		(1.1	)		6,528.2
Property, plant and equipment, net		4,796.5		28,495.7		0.3			33,292.5		--		--			33,292.5
Investments in unconsolidated affiliates		39,995.5		4,227.9		(41,546.1	)		2,677.3		22,317.1		(22,317.1	)		2,677.3
Intangible assets, net		700.2		3,178.2		(14.3	)		3,864.1		--		--			3,864.1
Goodwill		459.5		5,285.7		--			5,745.2		--		--			5,745.2
Other assets		222.6		41.0		(177.5	)		86.1		0.6		--			86.7
Total assets	$	50,284.4	$	44,760.3	$	(42,850.2	)	$	52,194.5	$	22,317.7	$	(22,318.2	)	$	52,194.0

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	2,576.7	$	0.1	$	--		$	2,576.8	$	--	$	--		$	2,576.8
Accounts payable – trade		133.1		272.1		(7.5	)		397.7		--		--			397.7
Accounts payable – related parties		1,071.5		139.6		(1,106.0	)		105.1		1.1		(1.1	)		105.1
Accrued product payables		1,944.5		1,670.3		(1.1	)		3,613.7		--		--			3,613.7
Accrued interest		340.7		0.1		--			340.8		--		--			340.8
Derivative liabilities		590.3		147.4		--			737.7		--		--			737.7
Other current liabilities		173.5		316.5		(12.0	)		478.0		--		0.7			478.7
Total current liabilities		6,830.3		2,546.1		(1,126.6	)		8,249.8		1.1		(0.4	)		8,250.5
Long-term debt		21,105.7		15.2		--			21,120.9		--		--			21,120.9
Deferred tax liabilities		5.0		45.1		(1.1	)		49.0		--		3.7			52.7
Other long-term liabilities		13.5		400.6		(179.8	)		234.3		269.6		--			503.9
Commitments and contingencies
Equity:
Partners' and other owners' equity		22,329.9		41,675.3		(41,713.4	)		22,291.8		22,047.0		(22,291.8	)		22,047.0
Noncontrolling interests		--		78.0		170.7			248.7		--		(29.7	)		219.0
Total equity		22,329.9		41,753.3		(41,542.7	)		22,540.5		22,047.0		(22,321.5	)		22,266.0
Total liabilities and equity	$	50,284.4	$	44,760.3	$	(42,850.2	)	$	52,194.5	$	22,317.7	$	(22,318.2	)	$	52,194.0

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Three Months Ended March 31, 2017

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)			Eliminations and Adjustments			Consolidated Total
Revenues	$	12,532.8		$	4,308.2		$	(9,520.6	)	$	7,320.4		$	--		$	--		$	7,320.4
Costs and expenses:
Operating costs and expenses		12,239.0			3,615.0			(9,520.8	)		6,333.2			--			--			6,333.2
General and administrative costs		7.4			42.7			(0.2	)		49.9			0.5			--			50.4
Total costs and expenses		12,246.4			3,657.7			(9,521.0	)		6,383.1			0.5			--			6,383.6
Equity in income of unconsolidated affiliates		728.8			133.4			(767.4	)		94.8			766.7			(766.7	)		94.8
Operating income		1,015.2			783.9			(767.0	)		1,032.1			766.2			(766.7	)		1,031.6
Other income (expense):
Interest expense		(248.8	)		(2.7	)		2.2			(249.3	)		--			--			(249.3	)
Other, net		2.2			0.2			(2.2	)		0.2			(5.5	)		--			(5.3	)
Total other expense, net		(246.6	)		(2.5	)		--			(249.1	)		(5.5	)		--			(254.6	)
Income before income taxes		768.6			781.4			(767.0	)		783.0			760.7			(766.7	)		777.0
Provision for income taxes		(2.9	)		(2.6	)		--			(5.5	)		--			(0.5	)		(6.0	)
Net income		765.7			778.8			(767.0	)		777.5			760.7			(767.2	)		771.0
Net income attributable to noncontrolling interests		--			(1.7	)		(9.9	)		(11.6	)		--			1.3			(10.3	)
Net income attributable to entity	$	765.7		$	777.1		$	(776.9	)	$	765.9		$	760.7		$	(765.9	)	$	760.7

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Three Months Ended March 31, 2016

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)		Eliminations and Adjustments			Consolidated Total
Revenues	$	5,361.9		$	3,282.7		$	(3,639.3	)	$	5,005.3		$	--	$	--		$	5,005.3
Costs and expenses:
Operating costs and expenses		5,091.2			2,695.1			(3,639.4	)		4,146.9			--		--			4,146.9
General and administrative costs		6.0			36.8			--			42.8			1.1		--			43.9
Total costs and expenses		5,097.2			2,731.9			(3,639.4	)		4,189.7			1.1		--			4,190.8
Equity in income of unconsolidated affiliates		632.7			133.6			(665.2	)		101.1			660.1		(660.1	)		101.1
Operating income		897.4			684.4			(665.1	)		916.7			659.0		(660.1	)		915.6
Other income (expense):
Interest expense		(237.1	)		(5.2	)		1.7			(240.6	)		--		--			(240.6	)
Other, net		1.8			1.3			(1.7	)		1.4			2.2		--			3.6
Total other income (expense), net		(235.3	)		(3.9	)		--			(239.2	)		2.2		--			(237.0	)
Income before income taxes		662.1			680.5			(665.1	)		677.5			661.2		(660.1	)		678.6
Provision for income taxes		(2.9	)		(5.1	)		--			(8.0	)		--		(0.4	)		(8.4	)
Net income		659.2			675.4			(665.1	)		669.5			661.2		(660.5	)		670.2
Net income attributable to noncontrolling interests		--			(1.3	)		(8.9	)		(10.2	)		--		1.2			(9.0	)
Net income attributable to entity	$	659.2		$	674.1		$	(674.0	)	$	659.3		$	661.2	$	(659.3	)	$	661.2

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended March 31, 2017

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	870.1	$	838.3		$	(767.0	)	$	941.4		$	924.5	$	(931.1	)	$	934.8
Comprehensive income attributable to noncontrolling interests		--		(1.7	)		(9.9	)		(11.6	)		--		1.3			(10.3	)
Comprehensive income attributable to entity	$	870.1	$	836.6		$	(776.9	)	$	929.8		$	924.5	$	(929.8	)	$	924.5

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended March 31, 2016

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	655.2	$	630.1		$	(665.0	)	$	620.3		$	611.9	$	(611.3	)	$	620.9
Comprehensive income attributable to noncontrolling interests		--		(1.3	)		(8.9	)		(10.2	)		--		1.2			(9.0	)
Comprehensive income attributable to entity	$	655.2	$	628.8		$	(673.9	)	$	610.1		$	611.9	$	(610.1	)	$	611.9

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

For the Three Months Ended March 31, 2017

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)			Eliminations and Adjustments			Consolidated Total
Operating activities:
Net income	$	765.7		$	778.8		$	(767.0	)	$	777.5		$	760.7		$	(767.2	)	$	771.0
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		51.3			351.1			(0.1	)		402.3			--			--			402.3
Equity in income of unconsolidated affiliates		(728.8	)		(133.4	)		767.4			(94.8	)		(766.7	)		766.7			(94.8	)
Distributions received on earnings from unconsolidated affiliates		255.4			62.4			(227.3	)		90.5			870.5			(870.5	)		90.5
Net effect of changes in operating accounts and other operating activities		631.0			(958.0	)		1.4			(325.6	)		31.9			0.3			(293.4	)
Net cash flows provided by operating activities		974.6			100.9			(225.6	)		849.9			896.4			(870.7	)		875.6
Investing activities:
Capital expenditures, net of contributions in aid of construction costs		(125.5	)		(304.9	)		--			(430.4	)		--			--			(430.4	)
Cash used for pending business combination		--			(16.0	)		--			(16.0	)		--			--			(16.0	)
Proceeds from asset sales		1.2			0.8			--			2.0			--			--			2.0
Other investing activities		(155.9	)		4.5			461.6			310.2			(445.6	)		445.6			310.2
Cash used in investing activities		(280.2	)		(315.6	)		461.6			(134.2	)		(445.6	)		445.6			(134.2	)
Financing activities:
Borrowings under debt agreements		17,575.1			--			--			17,575.1			--			--			17,575.1
Repayments of debt		(17,856.4	)		(0.1	)		--			(17,856.5	)		--			--			(17,856.5	)
Cash distributions paid to owners		(870.5	)		(242.6	)		242.6			(870.5	)		(869.0	)		870.5			(869.0	)
Cash payments made in connection with DERs		--			--			--			--			(3.2	)		--			(3.2	)
Cash distributions paid to noncontrolling interests		--			(2.5	)		(7.8	)		(10.3	)		--			0.2			(10.1	)
Cash contributions from noncontrolling interests		--			0.1			0.1			0.2			--			--			0.2
Net cash proceeds from issuance of common units		--			--			--			--			448.8			--			448.8
Cash contributions from owners		445.6			469.2			(469.2	)		445.6			--			(445.6	)		--
Other financing activities		--			--			--			--			(27.4	)		--			(27.4	)
Cash provided by (used in) financing activities		(706.2	)		224.1			(234.3	)		(716.4	)		(450.8	)		425.1			(742.1	)
Net change in cash and cash equivalents		(11.8	)		9.4			1.7			(0.7	)		--			--			(0.7	)
Cash and cash equivalents, January 1		13.4			57.2			(7.5	)		63.1			--			--			63.1
Cash and cash equivalents, March 31	$	1.6		$	66.6		$	(5.8	)	$	62.4		$	--		$	--		$	62.4

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

For the Three Months Ended March 31, 2016

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)			Eliminations and Adjustments			Consolidated Total
Operating activities:
Net income	$	659.2		$	675.4		$	(665.1	)	$	669.5		$	661.2		$	(660.5	)	$	670.2
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		42.5			339.7			(0.1	)		382.1			--			--			382.1
Equity in income of unconsolidated affiliates		(632.7	)		(133.6	)		665.2			(101.1	)		(660.1	)		660.1			(101.1	)
Distributions received on earnings from unconsolidated affiliates		247.2			74.2			(214.7	)		106.7			788.5			(788.5	)		106.7
Net effect of changes in operating accounts and other operating activities		35.5			(255.3	)		42.4			(177.4	)		18.8			0.4			(158.2	)
Net cash flows provided by operating activities		351.7			700.4			(172.3	)		879.8			808.4			(788.5	)		899.7
Investing activities:
Capital expenditures, net of contributions in aid of construction costs		(307.6	)		(687.4	)		--			(995.0	)		--			--			(995.0	)
Proceeds from asset sales		0.1			13.3			--			13.4			--			--			13.4
Other investing activities		(387.5	)		(55.7	)		260.9			(182.3	)		(1,008.6	)		1,008.6			(182.3	)
Cash used in investing activities		(695.0	)		(729.8	)		260.9			(1,163.9	)		(1,008.6	)		1,008.6			(1,163.9	)
Financing activities:
Borrowings under debt agreements		20,000.6			--			--			20,000.6			--			--			20,000.6
Repayments of debt		(19,797.3	)		(0.1	)		--			(19,797.4	)		--			--			(19,797.4	)
Cash distributions paid to owners		(788.5	)		(222.9	)		222.9			(788.5	)		(788.3	)		788.5			(788.3	)
Cash payments made in connection with DERs		--			--			--			--			(2.0	)		--			(2.0	)
Cash distributions paid to noncontrolling interests		--			(0.5	)		(8.2	)		(8.7	)		--			--			(8.7	)
Cash contributions from noncontrolling interests		--			11.1			--			11.1			--			--			11.1
Net cash proceeds from issuance of common units		--			--			--			--			1,011.5			--			1,011.5
Cash contributions from owners		1,008.6			260.9			(260.9	)		1,008.6			--			(1,008.6	)		--
Other financing activities		--			--			--			--			(21.0	)		--			(21.0	)
Cash provided by financing activities		423.4			48.5			(46.2	)		425.7			200.2			(220.1	)		405.8
Net change in cash and cash equivalents		80.1			19.1			42.4			141.6			--			--			141.6
Cash and cash equivalents, January 1		--			69.6			(50.6	)		19.0			--			--			19.0
Cash and cash equivalents, March 31	$	80.1		$	88.7		$	(8.2	)	$	160.6		$	--		$	--		$	160.6