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Condensed Consolidating Financial Information
9 Months Ended
Sep. 30, 2018
Condensed Consolidating Financial Information [Abstract]  
Condensed Consolidating Financial Information

Note 18.  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
September 30, 2018

 
 
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
 
$
249.1
  
$
92.5
  
$
(62.5
)
 
$
279.1
  
$
--
  
$
--
  
$
279.1
 
Accounts receivable – trade, net
  
1,644.3
   
2,579.9
   
(1.3
)
  
4,222.9
   
--
   
--
   
4,222.9
 
Accounts receivable – related parties
  
203.0
   
1,472.0
   
(1,672.0
)
  
3.0
   
--
   
(1.4
)
  
1.6
 
Inventories
  
1,822.2
   
514.4
   
(0.8
)
  
2,335.8
   
--
   
--
   
2,335.8
 
Derivative assets
  
165.1
   
71.5
   
--
   
236.6
   
--
   
--
   
236.6
 
Prepaid and other current assets
  
176.5
   
450.9
   
(17.7
)
  
609.7
   
0.2
   
--
   
609.9
 
Total current assets
  
4,260.2
   
5,181.2
   
(1,754.3
)
  
7,687.1
   
0.2
   
(1.4
)
  
7,685.9
 
Property, plant and equipment, net
  
6,034.7
   
31,767.1
   
1.1
   
37,802.9
   
--
   
--
   
37,802.9
 
Investments in unconsolidated affiliates
  
42,909.8
   
4,124.2
   
(44,430.6
)
  
2,603.4
   
23,442.2
   
(23,442.2
)
  
2,603.4
 
Intangible assets, net
  
663.4
   
3,004.3
   
(13.5
)
  
3,654.2
   
--
   
--
   
3,654.2
 
Goodwill
  
459.5
   
5,285.7
   
--
   
5,745.2
   
--
   
--
   
5,745.2
 
Other assets
  
292.2
   
189.7
   
(222.2
)
  
259.7
   
0.9
   
--
   
260.6
 
Total assets
 
$
54,619.8
  
$
49,552.2
  
$
(46,419.5
)
 
$
57,752.5
  
$
23,443.3
  
$
(23,443.6
)
 
$
57,752.2
 
 
                            
LIABILITIES AND EQUITY
                            
Current liabilities:
                            
Current maturities of debt
 
$
3,405.4
  
$
0.1
  
$
--
  
$
3,405.5
  
$
--
  
$
--
  
$
3,405.5
 
Accounts payable – trade
  
434.0
   
781.7
   
(62.5
)
  
1,153.2
   
--
   
--
   
1,153.2
 
Accounts payable – related parties
  
1,602.8
   
219.3
   
(1,685.9
)
  
136.2
   
1.4
   
(1.4
)
  
136.2
 
Accrued product payables
  
2,646.8
   
2,505.5
   
(2.5
)
  
5,149.8
   
--
   
--
   
5,149.8
 
Accrued interest
  
190.4
   
3.2
   
(3.1
)
  
190.5
   
--
   
--
   
190.5
 
Derivative liabilities
  
286.0
   
201.1
   
--
   
487.1
   
--
   
--
   
487.1
 
Other current liabilities
  
43.5
   
370.3
   
(14.0
)
  
399.8
   
--
   
0.2
   
400.0
 
Total current liabilities
  
8,608.9
   
4,081.2
   
(1,768.0
)
  
10,922.1
   
1.4
   
(1.2
)
  
10,922.3
 
Long-term debt
  
22,493.9
   
14.6
   
--
   
22,508.5
   
--
   
--
   
22,508.5
 
Deferred tax liabilities
  
11.1
   
56.0
   
(1.0
)
  
66.1
   
--
   
2.3
   
68.4
 
Other long-term liabilities
  
59.2
   
541.1
   
(221.9
)
  
378.4
   
368.8
   
--
   
747.2
 
Commitments and contingencies
                            
Equity:
                            
Partners’ and other owners’ equity
  
23,446.7
   
44,787.3
   
(44,815.9
)
  
23,418.1
   
23,073.1
   
(23,418.1
)
  
23,073.1
 
Noncontrolling interests
  
--
   
72.0
   
387.3
   
459.3
   
--
   
(26.6
)
  
432.7
 
Total equity
  
23,446.7
   
44,859.3
   
(44,428.6
)
  
23,877.4
   
23,073.1
   
(23,444.7
)
  
23,505.8
 
Total liabilities and equity
 
$
54,619.8
  
$
49,552.2
  
$
(46,419.5
)
 
$
57,752.5
  
$
23,443.3
  
$
(23,443.6
)
 
$
57,752.2
 

Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Balance Sheet
December 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
 
$
65.2
  
$
31.5
  
$
(26.4
)
 
$
70.3
  
$
--
  
$
--
  
$
70.3
 
Accounts receivable – trade, net
  
1,382.3
   
2,976.6
   
(0.5
)
  
4,358.4
   
--
   
--
   
4,358.4
 
Accounts receivable – related parties
  
110.3
   
1,182.1
   
(1,289.3
)
  
3.1
   
--
   
(1.3
)
  
1.8
 
Inventories
  
1,038.9
   
572.3
   
(1.4
)
  
1,609.8
   
--
   
--
   
1,609.8
 
Derivative assets
  
110.0
   
43.4
   
--
   
153.4
   
--
   
--
   
153.4
 
Prepaid and other current assets
  
136.3
   
189.0
   
(12.6
)
  
312.7
   
--
   
--
   
312.7
 
Total current assets
  
2,843.0
   
4,994.9
   
(1,330.2
)
  
6,507.7
   
--
   
(1.3
)
  
6,506.4
 
Property, plant and equipment, net
  
5,622.6
   
29,996.3
   
1.5
   
35,620.4
   
--
   
--
   
35,620.4
 
Investments in unconsolidated affiliates
  
41,616.6
   
4,298.0
   
(43,255.2
)
  
2,659.4
   
22,881.5
   
(22,881.5
)
  
2,659.4
 
Intangible assets, net
  
675.5
   
3,028.6
   
(13.8
)
  
3,690.3
   
--
   
--
   
3,690.3
 
Goodwill
  
459.5
   
5,285.7
   
--
   
5,745.2
   
--
   
--
   
5,745.2
 
Other assets
  
296.4
   
110.0
   
(211.0
)
  
195.4
   
1.0
   
--
   
196.4
 
Total assets
 
$
51,513.6
  
$
47,713.5
  
$
(44,808.7
)
 
$
54,418.4
  
$
22,882.5
  
$
(22,882.8
)
 
$
54,418.1
 
 
                            
LIABILITIES AND EQUITY
                            
Current liabilities:
                            
Current maturities of debt
 
$
2,854.6
  
$
0.4
  
$
--
  
$
2,855.0
  
$
--
  
$
--
  
$
2,855.0
 
Accounts payable – trade
  
290.2
   
537.8
   
(26.4
)
  
801.6
   
0.1
   
--
   
801.7
 
Accounts payable – related parties
  
1,320.3
   
112.0
   
(1,305.0
)
  
127.3
   
1.3
   
(1.3
)
  
127.3
 
Accrued product payables
  
1,825.9
   
2,741.7
   
(1.3
)
  
4,566.3
   
--
   
--
   
4,566.3
 
Accrued interest
  
358.0
   
--
   
--
   
358.0
   
--
   
--
   
358.0
 
Derivative liabilities
  
115.2
   
53.0
   
--
   
168.2
   
--
   
--
   
168.2
 
Other current liabilities
  
108.9
   
320.1
   
(10.8
)
  
418.2
   
--
   
0.4
   
418.6
 
Total current liabilities
  
6,873.1
   
3,765.0
   
(1,343.5
)
  
9,294.6
   
1.4
   
(0.9
)
  
9,295.1
 
Long-term debt
  
21,699.0
   
14.7
   
--
   
21,713.7
   
--
   
--
   
21,713.7
 
Deferred tax liabilities
  
6.7
   
50.2
   
(0.5
)
  
56.4
   
--
   
2.1
   
58.5
 
Other long-term liabilities
  
60.4
   
396.5
   
(212.4
)
  
244.5
   
333.9
   
--
   
578.4
 
Commitments and contingencies
                            
Equity:
                            
Partners’ and other owners’ equity
  
22,874.4
   
43,412.0
   
(43,433.3
)
  
22,853.1
   
22,547.2
   
(22,853.1
)
  
22,547.2
 
Noncontrolling interests
  
--
   
75.1
   
181.0
   
256.1
   
--
   
(30.9
)
  
225.2
 
Total equity
  
22,874.4
   
43,487.1
   
(43,252.3
)
  
23,109.2
   
22,547.2
   
(22,884.0
)
  
22,772.4
 
Total liabilities and equity
 
$
51,513.6
  
$
47,713.5
  
$
(44,808.7
)
 
$
54,418.4
  
$
22,882.5
  
$
(22,882.8
)
 
$
54,418.1
 


Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Operations
For the Three Months Ended September 30, 2018

 
 
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
 
$
11,395.5
  
$
6,039.5
  
$
(7,849.1
)
 
$
9,585.9
  
$
--
  
$
--
  
$
9,585.9
 
Costs and expenses:
                            
Operating costs and expenses
  
11,086.5
   
4,764.8
   
(7,849.4
)
  
8,001.9
   
--
   
--
   
8,001.9
 
General and administrative costs
  
8.0
   
43.6
   
0.8
   
52.4
   
0.3
   
--
   
52.7
 
Total costs and expenses
  
11,094.5
   
4,808.4
   
(7,848.6
)
  
8,054.3
   
0.3
   
--
   
8,054.6
 
Equity in income of unconsolidated affiliates
  
1,313.4
   
146.8
   
(1,348.2
)
  
112.0
   
1,332.0
   
(1,332.0
)
  
112.0
 
Operating income
  
1,614.4
   
1,377.9
   
(1,348.7
)
  
1,643.6
   
1,331.7
   
(1,332.0
)
  
1,643.3
 
Other income (expense):
                            
Interest expense
  
(279.8
)
  
(2.5
)
  
2.8
   
(279.5
)
  
--
   
--
   
(279.5
)
Other, net
  
2.6
   
0.5
   
(2.8
)
  
0.3
   
(18.5
)
  
--
   
(18.2
)
Total other expense, net
  
(277.2
)
  
(2.0
)
  
--
   
(279.2
)
  
(18.5
)
  
--
   
(297.7
)
Income before income taxes
  
1,337.2
   
1,375.9
   
(1,348.7
)
  
1,364.4
   
1,313.2
   
(1,332.0
)
  
1,345.6
 
Provision for income taxes
  
(5.9
)
  
(4.8
)
  
--
   
(10.7
)
  
--
   
(0.3
)
  
(11.0
)
Net income
  
1,331.3
   
1,371.1
   
(1,348.7
)
  
1,353.7
   
1,313.2
   
(1,332.3
)
  
1,334.6
 
Net income attributable to noncontrolling interests
  
--
   
(2.4
)
  
(20.5
)
  
(22.9
)
  
--
   
1.5
   
(21.4
)
Net income attributable to entity
 
$
1,331.3
  
$
1,368.7
  
$
(1,369.2
)
 
$
1,330.8
  
$
1,313.2
  
$
(1,330.8
)
 
$
1,313.2
 


Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Operations
For the Three Months Ended September 30, 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
 
$
8,199.3
  
$
4,354.2
  
$
(5,666.6
)
 
$
6,886.9
  
$
--
  
$
--
  
$
6,886.9
 
Costs and expenses:
                            
Operating costs and expenses
  
8,019.6
   
3,727.0
   
(5,666.8
)
  
6,079.8
   
--
   
--
   
6,079.8
 
General and administrative costs
  
8.0
   
32.9
   
0.1
   
41.0
   
0.3
   
--
   
41.3
 
Total costs and expenses
  
8,027.6
   
3,759.9
   
(5,666.7
)
  
6,120.8
   
0.3
   
--
   
6,121.1
 
Equity in income of unconsolidated affiliates
  
692.5
   
141.4
   
(720.5
)
  
113.4
   
620.1
   
(620.1
)
  
113.4
 
Operating income
  
864.2
   
735.7
   
(720.4
)
  
879.5
   
619.8
   
(620.1
)
  
879.2
 
Other income (expense):
                            
Interest expense
  
(244.1
)
  
(2.4
)
  
2.6
   
(243.9
)
  
--
   
--
   
(243.9
)
Other, net
  
2.3
   
0.6
   
(2.6
)
  
0.3
   
(8.9
)
  
--
   
(8.6
)
Total other expense, net
  
(241.8
)
  
(1.8
)
  
--
   
(243.6
)
  
(8.9
)
  
--
   
(252.5
)
Income before income taxes
  
622.4
   
733.9
   
(720.4
)
  
635.9
   
610.9
   
(620.1
)
  
626.7
 
Provision for income taxes
  
(3.2
)
  
(1.8
)
  
--
   
(5.0
)
  
--
   
(0.4
)
  
(5.4
)
Net income
  
619.2
   
732.1
   
(720.4
)
  
630.9
   
610.9
   
(620.5
)
  
621.3
 
Net income attributable to noncontrolling interests
  
--
   
(1.5
)
  
(10.1
)
  
(11.6
)
  
--
   
1.2
   
(10.4
)
Net income attributable to entity
 
$
619.2
  
$
730.6
  
$
(730.5
)
 
$
619.3
  
$
610.9
  
$
(619.3
)
 
$
610.9
 
 

Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Operations
For the Nine Months Ended September 30, 2018

 
 
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
 
$
31,270.1
  
$
18,254.8
  
$
(22,173.0
)
 
$
27,351.9
  
$
--
  
$
--
  
$
27,351.9
 
Costs and expenses:
                            
Operating costs and expenses
  
30,323.2
   
15,626.9
   
(22,173.5
)
  
23,776.6
   
--
   
--
   
23,776.6
 
General and administrative costs
  
21.4
   
132.3
   
1.4
   
155.1
   
2.0
   
--
   
157.1
 
Total costs and expenses
  
30,344.6
   
15,759.2
   
(22,172.1
)
  
23,931.7
   
2.0
   
--
   
23,933.7
 
Equity in income of unconsolidated affiliates
  
2,812.1
   
437.8
   
(2,899.9
)
  
350.0
   
2,924.6
   
(2,924.6
)
  
350.0
 
Operating income
  
3,737.6
   
2,933.4
   
(2,900.8
)
  
3,770.2
   
2,922.6
   
(2,924.6
)
  
3,768.2
 
Other income (expense):
                            
Interest expense
  
(806.8
)
  
(7.6
)
  
8.2
   
(806.2
)
  
--
   
--
   
(806.2
)
Other, net
  
7.8
   
41.1
   
(8.2
)
  
40.7
   
(34.9
)
  
--
   
5.8
 
Total other expense, net
  
(799.0
)
  
33.5
   
--
   
(765.5
)
  
(34.9
)
  
--
   
(800.4
)
Income before income taxes
  
2,938.6
   
2,966.9
   
(2,900.8
)
  
3,004.7
   
2,887.7
   
(2,924.6
)
  
2,967.8
 
Provision for income taxes
  
(17.5
)
  
(16.2
)
  
--
   
(33.7
)
  
--
   
(0.8
)
  
(34.5
)
Net income
  
2,921.1
   
2,950.7
   
(2,900.8
)
  
2,971.0
   
2,887.7
   
(2,925.4
)
  
2,933.3
 
Net income attributable to noncontrolling interests
  
--
   
(6.1
)
  
(43.6
)
  
(49.7
)
  
--
   
4.1
   
(45.6
)
Net income attributable to entity
 
$
2,921.1
  
$
2,944.6
  
$
(2,944.4
)
 
$
2,921.3
  
$
2,887.7
  
$
(2,921.3
)
 
$
2,887.7
 


Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Operations
For the Nine Months Ended September 30, 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
 
$
29,273.1
  
$
12,936.8
  
$
(21,395.0
)
 
$
20,814.9
  
$
--
  
$
--
  
$
20,814.9
 
Costs and expenses:
                            
Operating costs and expenses
  
28,590.7
   
10,947.9
   
(21,395.4
)
  
18,143.2
   
--
   
--
   
18,143.2
 
General and administrative costs
  
23.5
   
112.5
   
(0.1
)
  
135.9
   
1.5
   
--
   
137.4
 
Total costs and expenses
  
28,614.2
   
11,060.4
   
(21,395.5
)
  
18,279.1
   
1.5
   
--
   
18,280.6
 
Equity in income of unconsolidated affiliates
  
2,137.4
   
417.1
   
(2,239.3
)
  
315.2
   
2,059.8
   
(2,059.8
)
  
315.2
 
Operating income
  
2,796.3
   
2,293.5
   
(2,238.8
)
  
2,851.0
   
2,058.3
   
(2,059.8
)
  
2,849.5
 
Other income (expense):
                            
Interest expense
  
(736.7
)
  
(9.4
)
  
7.1
   
(739.0
)
  
--
   
--
   
(739.0
)
Other, net
  
6.8
   
1.2
   
(7.1
)
  
0.9
   
(33.0
)
  
--
   
(32.1
)
Total other expense, net
  
(729.9
)
  
(8.2
)
  
--
   
(738.1
)
  
(33.0
)
  
--
   
(771.1
)
Income before income taxes
  
2,066.4
   
2,285.3
   
(2,238.8
)
  
2,112.9
   
2,025.3
   
(2,059.8
)
  
2,078.4
 
Provision for income taxes
  
(9.4
)
  
(9.4
)
  
--
   
(18.8
)
  
--
   
(1.3
)
  
(20.1
)
Net income
  
2,057.0
   
2,275.9
   
(2,238.8
)
  
2,094.1
   
2,025.3
   
(2,061.1
)
  
2,058.3
 
Net income attributable to noncontrolling interests
  
--
   
(4.8
)
  
(32.0
)
  
(36.8
)
  
--
   
3.8
   
(33.0
)
Net income attributable to entity
 
$
2,057.0
  
$
2,271.1
  
$
(2,270.8
)
 
$
2,057.3
  
$
2,025.3
  
$
(2,057.3
)
 
$
2,025.3
 



Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Comprehensive Income
For the Three Months Ended September 30, 2018

 
 
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
 
$
1,177.1
  
$
1,340.7
  
$
(1,348.2
)
 
$
1,169.6
  
$
1,129.1
  
$
(1,148.2
)
 
$
1,150.5
 
Comprehensive income attributable to noncontrolling interests
  
--
   
(2.4
)
  
(20.5
)
  
(22.9
)
  
--
   
1.5
   
(21.4
)
Comprehensive income attributable to entity
 
$
1,177.1
  
$
1,338.3
  
$
(1,368.7
)
 
$
1,146.7
  
$
1,129.1
  
$
(1,146.7
)
 
$
1,129.1
 

Unaudited Condensed Consolidating Statement of Comprehensive Income
For the Three Months Ended September 30, 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
 
$
480.2
  
$
693.3
  
$
(720.4
)
 
$
453.1
  
$
433.0
  
$
(442.7
)
 
$
443.4
 
Comprehensive income attributable to noncontrolling interests
  
--
   
(1.5
)
  
(10.1
)
  
(11.6
)
  
--
   
1.2
   
(10.4
)
Comprehensive income attributable to entity
 
$
480.2
  
$
691.8
  
$
(730.5
)
 
$
441.5
  
$
433.0
  
$
(441.5
)
 
$
433.0
 
 
Unaudited Condensed Consolidating Statement of Comprehensive Income
For the Nine Months Ended September 30, 2018

 
 
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
 
$
2,791.2
  
$
2,943.9
  
$
(2,899.7
)
 
$
2,835.4
  
$
2,752.1
  
$
(2,789.8
)
 
$
2,797.7
 
Comprehensive income attributable to noncontrolling interests
  
--
   
(6.1
)
  
(43.6
)
  
(49.7
)
  
--
   
4.1
   
(45.6
)
Comprehensive income attributable to entity
 
$
2,791.2
  
$
2,937.8
  
$
(2,943.3
)
 
$
2,785.7
  
$
2,752.1
  
$
(2,785.7
)
 
$
2,752.1
 

Unaudited Condensed Consolidating Statement of Comprehensive Income
For the Nine Months Ended September 30, 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
 
$
2,011.6
  
$
2,294.8
  
$
(2,238.8
)
 
$
2,067.6
  
$
1,998.7
  
$
(2,034.6
)
 
$
2,031.7
 
Comprehensive income attributable to noncontrolling interests
  
--
   
(4.8
)
  
(32.0
)
  
(36.8
)
  
--
   
3.8
   
(33.0
)
Comprehensive income attributable to entity
 
$
2,011.6
  
$
2,290.0
  
$
(2,270.8
)
 
$
2,030.8
  
$
1,998.7
  
$
(2,030.8
)
 
$
1,998.7
 


Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Cash Flows
For the Nine Months Ended September 30, 2018

 
 
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
 
$
2,921.1
  
$
2,950.7
  
$
(2,900.8
)
 
$
2,971.0
  
$
2,887.7
  
$
(2,925.4
)
 
$
2,933.3
 
Reconciliation of net income to net cash flows provided by operating activities:
                            
Depreciation, amortization and accretion
  
237.0
   
1,123.8
   
(0.3
)
  
1,360.5
   
--
   
--
   
1,360.5
 
Equity in income of unconsolidated affiliates
  
(2,812.1
)
  
(437.8
)
  
2,899.9
   
(350.0
)
  
(2,924.6
)
  
2,924.6
   
(350.0
)
Distributions received on earnings from unconsolidated affiliates
  
915.1
   
191.5
   
(760.9
)
  
345.7
   
2,834.5
   
(2,834.5
)
  
345.7
 
Net effect of changes in operating accounts and other operating activities
  
2,295.4
   
(2,344.0
)
  
(35.0
)
  
(83.6
)
  
69.4
   
--
   
(14.2
)
Net cash flows provided by operating activities
  
3,556.5
   
1,484.2
   
(797.1
)
  
4,243.6
   
2,867.0
   
(2,835.3
)
  
4,275.3
 
Investing activities:
                            
Capital expenditures
  
(605.8
)
  
(2,343.2
)
  
--
   
(2,949.0
)
  
(55.2
)
  
--
   
(3,004.2
)
Cash used for business combination, net of cash received
  
--
   
(150.6
)
  
--
   
(150.6
)
  
--
   
--
   
(150.6
)
Proceeds from asset sales
  
11.4
   
12.7
   
--
   
24.1
   
--
   
--
   
24.1
 
Other investing activities
  
(1,701.1
)
  
180.6
   
1,468.4
   
(52.1
)
  
(438.1
)
  
438.1
   
(52.1
)
Cash used in investing activities
  
(2,295.5
)
  
(2,300.5
)
  
1,468.4
   
(3,127.6
)
  
(493.3
)
  
438.1
   
(3,182.8
)
Financing activities:
                            
Borrowings under debt agreements
  
67,086.3
   
11.5
   
(11.5
)
  
67,086.3
   
--
   
--
   
67,086.3
 
Repayments of debt
  
(65,741.7
)
  
(0.4
)
  
--
   
(65,742.1
)
  
--
   
--
   
(65,742.1
)
Cash distributions paid to owners
  
(2,834.5
)
  
(1,003.6
)
  
1,003.6
   
(2,834.5
)
  
(2,782.9
)
  
2,834.5
   
(2,782.9
)
Cash payments made in connection with DERs
  
--
   
--
   
--
   
--
   
(13.2
)
  
--
   
(13.2
)
Cash distributions paid to noncontrolling interests
  
--
   
(6.8
)
  
(44.9
)
  
(51.7
)
  
--
   
0.8
   
(50.9
)
Cash contributions from noncontrolling interests
  
--
   
--
   
222.0
   
222.0
   
--
   
--
   
222.0
 
Net cash proceeds from issuance of common units
  
--
   
--
   
--
   
--
   
449.4
   
--
   
449.4
 
Cash contributions from owners
  
438.1
   
1,876.6
   
(1,876.6
)
  
438.1
   
--
   
(438.1
)
  
--
 
Other financing activities
  
(25.3
)
  
--
   
--
   
(25.3
)
  
(27.0
)
  
--
   
(52.3
)
Cash provided by (used in) financing activities
  
(1,077.1
)
  
877.3
   
(707.4
)
  
(907.2
)
  
(2,373.7
)
  
2,397.2
   
(883.7
)
Net change in cash and cash equivalents,
   including restricted cash
  
183.9
   
61.0
   
(36.1
)
  
208.8
   
--
   
--
   
208.8
 
Cash and cash equivalents, including
   restricted cash, at beginning of period
  
65.2
   
31.5
   
(26.4
)
  
70.3
   
--
   
--
   
70.3
 
Cash and cash equivalents, including
   restricted cash, at end of period
 
$
249.1
  
$
92.5
  
$
(62.5
)
 
$
279.1
  
$
--
  
$
--
  
$
279.1
 


Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Cash Flows
For the Nine Months Ended September 30, 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
 
$
2,057.0
  
$
2,275.9
  
$
(2,238.8
)
 
$
2,094.1
  
$
2,025.3
  
$
(2,061.1
)
 
$
2,058.3
 
Reconciliation of net income to net cash flows provided by operating activities:
                            
Depreciation, amortization and accretion
  
158.9
   
1,062.8
   
(0.3
)
  
1,221.4
   
--
   
--
   
1,221.4
 
Equity in income of unconsolidated affiliates
  
(2,137.4
)
  
(417.1
)
  
2,239.3
   
(315.2
)
  
(2,059.8
)
  
2,059.8
   
(315.2
)
Distributions received on earnings from unconsolidated affiliates
  
802.6
   
202.2
   
(688.6
)
  
316.2
   
2,664.2
   
(2,664.2
)
  
316.2
 
Net effect of changes in operating accounts and other operating activities
  
1,662.3
   
(2,157.4
)
  
(27.5
)
  
(522.6
)
  
61.2
   
0.6
   
(460.8
)
Net cash flows provided by operating activities
  
2,543.4
   
966.4
   
(715.9
)
  
2,793.9
   
2,690.9
   
(2,664.9
)
  
2,819.9
 
Investing activities:
                            
Capital expenditures
  
(625.8
)
  
(1,492.4
)
  
--
   
(2,118.2
)
  
--
   
--
   
(2,118.2
)
Cash used for business combination, net of cash received
  
(7.3
)
  
(191.4
)
  
--
   
(198.7
)
  
--
   
--
   
(198.7
)
Proceeds from asset sales
  
1.6
   
4.6
   
--
   
6.2
   
--
   
--
   
6.2
 
Other investing activities
  
(1,447.2
)
  
(33.5
)
  
1,487.5
   
6.8
   
(867.5
)
  
867.5
   
6.8
 
Cash used in investing activities
  
(2,078.7
)
  
(1,712.7
)
  
1,487.5
   
(2,303.9
)
  
(867.5
)
  
867.5
   
(2,303.9
)
Financing activities:
                            
Borrowings under debt agreements
  
53,184.4
   
--
   
(34.0
)
  
53,150.4
   
--
   
--
   
53,150.4
 
Repayments of debt
  
(52,133.1
)
  
(0.1
)
  
--
   
(52,133.2
)
  
--
   
--
   
(52,133.2
)
Cash distributions paid to owners
  
(2,664.2
)
  
(734.0
)
  
734.0
   
(2,664.2
)
  
(2,660.4
)
  
2,664.2
   
(2,660.4
)
Cash payments made in connection with DERs
  
--
   
--
   
--
   
--
   
(11.2
)
  
--
   
(11.2
)
Cash distributions paid to noncontrolling interests
  
--
   
(7.2
)
  
(28.9
)
  
(36.1
)
  
--
   
0.7
   
(35.4
)
Cash contributions from noncontrolling interests
  
--
   
0.1
   
0.3
   
0.4
   
--
   
--
   
0.4
 
Net cash proceeds from issuance of common units
  
--
   
--
   
--
   
--
   
877.2
   
--
   
877.2
 
Cash contributions from owners
  
867.5
   
1,470.2
   
(1,470.2
)
  
867.5
   
--
   
(867.5
)
  
--
 
Other financing activities
  
7.3
   
--
   
--
   
7.3
   
(29.0
)
  
--
   
(21.7
)
Cash provided by (used in) financing activities
  
(738.1
)
  
729.0
   
(798.8
)
  
(807.9
)
  
(1,823.4
)
  
1,797.4
   
(833.9
)
Net change in cash and cash equivalents,
   including restricted cash
  
(273.4
)
  
(17.3
)
  
(27.2
)
  
(317.9
)
  
--
   
--
   
(317.9
)
Cash and cash equivalents, including
   restricted cash, at beginning of period
  
366.2
   
58.9
   
(7.5
)
  
417.6
   
--
   
--
   
417.6
 
Cash and cash equivalents, including
   restricted cash, at end of period
 
$
92.8
  
$
41.6
  
$
(34.7
)
 
$
99.7
  
$
--
  
$
--
  
$
99.7