XML 94 R37.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Equity and Distributions (Tables)
12 Months Ended
Dec. 31, 2019
Equity and Distributions [Abstract]  
Summary of Changes in Outstanding Units
Partners’ equity reflects the classes of our limited partner interests outstanding.  Our common units represent limited partner interests, which give the holders thereof the right to participate in distributions and to exercise the other rights or privileges available to them under our Sixth Amended and Restated Agreement of Limited Partnership (as amended from time to time, the “Partnership Agreement”).  We are managed by our general partner, Enterprise GP.

 
 
Common
Units
(Unrestricted)
   
Restricted
Common
Units
   
Total
Common
Units
 
Number of units issued and outstanding at December 31, 2016
   
2,116,906,120
     
682,294
     
2,117,588,414
 
Common units issued in connection with ATM program
   
21,807,726
     
     
21,807,726
 
Common units issued in connection with DRIP and EUPP
   
19,046,019
     
     
19,046,019
 
Common units issued in connection with the vesting of phantom unit awards
   
2,485,580
     
     
2,485,580
 
Common units issued in connection with the vesting of restricted common unit awards
   
681,044
     
(681,044
)
   
 
Forfeiture of restricted common unit awards
   
     
(1,250
)
   
(1,250
)
Cancellation of treasury units acquired in connection with the vesting of
   equity-based awards
   
(1,027,798
)
   
     
(1,027,798
)
Common units issued in connection with employee compensation
   
1,176,103
     
     
1,176,103
 
Other
   
14,685
     
     
14,685
 
Number of units issued and outstanding at December 31, 2017
   
2,161,089,479
     
     
2,161,089,479
 
Common unit repurchases under Legacy Buyback Program
   
(1,236,800
)
   
     
(1,236,800
)
Common units issued in connection with DRIP and EUPP
   
19,861,951
     
     
19,861,951
 
Common units issued in connection with the vesting of phantom unit awards
   
3,479,958
     
     
3,479,958
 
Cancellation of treasury units acquired in connection with the vesting of
   equity-based awards
   
(1,037,522
)
   
     
(1,037,522
)
Common units issued in connection with employee compensation
   
1,443,586
     
     
1,443,586
 
Common units issued in connection with land acquisition
   
1,223,242
     
     
1,223,242
 
Other
   
45,135
     
     
45,135
 
Number of units issued and outstanding at December 31, 2018
   
2,184,869,029
     
     
2,184,869,029
 
Common unit repurchases under 2019 Buyback Program
   
(2,909,128
)
   
     
(2,909,128
)
Common units issued in connection with DRIP and EUPP
   
2,897,990
     
     
2,897,990
 
Common units issued in connection with the vesting of phantom unit awards
   
3,895,049
     
     
3,895,049
 
Cancellation of treasury units acquired in connection with the vesting of
   equity-based awards
   
(1,174,446
)
   
     
(1,174,446
)
Common units issued in connection with employee compensation
   
1,626,041
     
     
1,626,041
 
Other
   
21,595
     
     
21,595
 
Number of units issued and outstanding at December 31, 2019
   
2,189,226,130
     
     
2,189,226,130
 
Components of Accumulated Other Comprehensive Income (Loss) The following tables present the components of accumulated other comprehensive income (loss) as reported on our Consolidated Balance Sheets at the dates indicated:
 
 
 
 
Cash Flow Hedges
             
 
 
Commodity
Derivative
Instruments
   
Interest Rate
Derivative
Instruments
   
Other
   
Total
 
Accumulated Other Comprehensive Income (Loss), December 31, 2017
 
$
(10.1
)
 
$
(165.1
)
 
$
3.5
   
$
(171.7
)
Other comprehensive income (loss) for period, before reclassifications
   
293.2
     
22.2
     
(0.5
)
   
314.9
 
Reclassification of losses (gains) to net income during period
   
(130.4
)
   
38.1
     
     
(92.3
)
Total other comprehensive income (loss) for period
   
162.8
     
60.3
     
(0.5
)
   
222.6
 
Accumulated Other Comprehensive Income (Loss), December 31, 2018
   
152.7
     
(104.8
)
   
3.0
     
50.9
 
Other comprehensive income (loss) for period, before reclassifications
   
44.1
     
81.4
     
(0.6
)
   
124.9
 
Reclassification of losses (gains) to net income during period
   
(141.7
)
   
37.3
     
     
(104.4
)
Total other comprehensive income (loss) for period
   
(97.6
)
   
118.7
     
(0.6
)
   
20.5
 
Accumulated Other Comprehensive Income (Loss), December 31, 2019
 
$
55.1
   
$
13.9
   
$
2.4
   
$
71.4
 
Reclassifications out of Accumulated Other Comprehensive Income (Loss) Into Net Income
The following table presents reclassifications of (income) loss out of accumulated other comprehensive income (loss) into net income during the years indicated:
 
 
  
 
For the Year Ended December 31,
 
Losses (gains) on cash flow hedges:
Location
 
2019
   
2018
 
Interest rate derivatives
Interest expense
 
$
37.3
   
$
38.1
 
Commodity derivatives
Revenue
   
(152.4
)
   
(131.7
)
Commodity derivatives
Operating costs and expenses
   
10.7
     
1.3
 
Total
 
 
$
(104.4
)
 
$
(92.3
)
Declared Quarterly Cash Distribution Rates
The following table presents Enterprise’s declared quarterly cash distribution rates per common unit with respect to the quarter indicated.  Actual cash distributions are paid by Enterprise within 45 days after the end of each fiscal quarter.

 
 
Distribution Per
Common Unit
 
Record
Date
Payment
Date
2017:
     
 
   
1st Quarter
 
$
0.4150
 
4/28/2017
5/8/2017
2nd Quarter
 
$
0.4200
 
7/31/2017
8/7/2017
3rd Quarter
 
$
0.4225
 
10/31/2017
11/7/2017
4th Quarter
 
$
0.4250
 
1/31/2018
2/7/2018
2018:
              
1st Quarter
 
$
0.4275
 
4/30/2018
5/8/2018
2nd Quarter
 
$
0.4300
 
7/31/2018
8/8/2018
3rd Quarter
 
$
0.4325
 
10/31/2018
11/8/2018
4th Quarter
 
$
0.4350
 
1/31/2019
2/8/2019
2019:
       
 
    
1st Quarter
 
$
0.4375
 
4/30/2019
5/13/2019
2nd Quarter
 
$
0.4400
 
7/31/2019
8/13/2019
3rd Quarter
 
$
0.4425
 
10/31/2019
11/12/2019
4th Quarter
 
$
0.4450
 
1/31/2020
2/12/2020