Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2015

Condensed Consolidating Financial Information [Abstract]

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

March 31, 2015

	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	$	59.8	$	57.3	$	(7.8	)	$	109.3	$	--	$	--		$	109.3
Accounts receivable – trade, net		875.1		2,111.7		(1.7	)		2,985.1		--		--			2,985.1
Accounts receivable – related parties		220.2		869.8		(1,033.0	)		57.0		--		(53.6	)		3.4
Inventories		671.6		184.2		(0.4	)		855.4		--		--			855.4
Prepaid and other current assets		153.6		339.8		(13.1	)		480.3		0.7		0.6			481.6
Total current assets		1,980.3		3,562.8		(1,056.0	)		4,487.1		0.7		(53.0	)		4,434.8
Property, plant and equipment, net		2,860.2		27,505.9		1.5			30,367.6		--		--			30,367.6
Investments in unconsolidated affiliates		38,733.1		3,177.3		(38,845.5	)		3,064.9		20,007.9		(20,007.9	)		3,064.9
Intangible assets, net		78.9		2,740.3		(15.1	)		2,804.1		--		--			2,804.1
Goodwill		458.8		5,195.2		--			5,654.0		--		--			5,654.0
Other assets		135.9		44.7		(0.9	)		179.7		0.2		--			179.9
Total assets	$	44,247.2	$	42,226.2	$	(39,916.0	)	$	46,557.4	$	20,008.8	$	(20,060.9	)	$	46,505.3

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	1,399.7	$	0.1	$	--		$	1,399.8	$	--	$	--		$	1,399.8
Accounts payable – trade		186.9		525.3		(7.8	)		704.4		0.1		--			704.5
Accounts payable – related parties		921.8		175.8		(1,048.3	)		49.3		53.6		(53.6	)		49.3
Accrued product payables		1,307.3		1,780.2		(2.3	)		3,085.2		--		--			3,085.2
Accrued interest		179.6		0.4		--			180.0		--		--			180.0
Other current liabilities		109.6		360.8		(13.3	)		457.1		--		--			457.1
Total current liabilities		4,104.9		2,842.6		(1,071.7	)		5,875.8		53.7		(53.6	)		5,875.9
Long-term debt		20,176.9		15.3		--			20,192.2		--		--			20,192.2
Deferred tax liabilities		4.3		60.1		(0.9	)		63.5		--		4.5			68.0
Other long-term liabilities		10.7		181.4		(0.4	)		191.7		119.4		--			311.1
Commitments and contingencies
Equity:
Partners’ and other owners’ equity		19,950.4		39,054.8		(39,021.6	)		19,983.6		19,835.7		(19,983.6	)		19,835.7
Noncontrolling interests		--		72.0		178.6			250.6		--		(28.2	)		222.4
Total equity		19,950.4		39,126.8		(38,843.0	)		20,234.2		19,835.7		(20,011.8	)		20,058.1
Total liabilities and equity	$	44,247.2	$	42,226.2	$	(39,916.0	)	$	46,557.4	$	20,008.8	$	(20,060.9	)	$	46,505.3

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

December 31, 2014

	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	$	18.7	$	70.4	$	(14.7	)	$	74.4	$	--	$	--		$	74.4
Accounts receivable – trade, net		1,128.5		2,698.2		(3.7	)		3,823.0		--		--			3,823.0
Accounts receivable – related parties		158.8		1,114.6		(1,266.6	)		6.8		--		(4.0	)		2.8
Inventories		831.8		182.8		(0.4	)		1,014.2		--		--			1,014.2
Prepaid and other current assets		537.7		346.3		(308.5	)		575.5		--		0.8			576.3
Total current assets		2,675.5		4,412.3		(1,593.9	)		5,493.9		--		(3.2	)		5,490.7
Property, plant and equipment, net		2,871.7		26,912.0		97.9			29,881.6		--		--			29,881.6
Investments in unconsolidated affiliates		36,937.5		3,556.4		(37,451.9	)		3,042.0		18,187.2		(18,187.2	)		3,042.0
Intangible assets, net		2,527.3		1,292.4		482.4			4,302.1		--		--			4,302.1
Goodwill		1,956.1		1,621.1		622.7			4,199.9		--		--			4,199.9
Other assets		139.3		45.8		(0.7	)		184.4		--		--			184.4
Total assets	$	47,107.4	$	37,840.0	$	(37,843.5	)	$	47,103.9	$	18,187.2	$	(18,190.4	)	$	47,100.7

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	2,206.4	$	--	$	--		$	2,206.4	$	--	$	--		$	2,206.4
Accounts payable – trade		216.6		571.4		(14.8	)		773.2		0.6		--			773.8
Accounts payable – related parties		1,226.5		173.3		(1,280.9	)		118.9		4.0		(4.0	)		118.9
Accrued product payables		1,570.0		2,287.9		(4.6	)		3,853.3		--		--			3,853.3
Accrued interest		335.4		0.7		(0.6	)		335.5		--		--			335.5
Other current liabilities		130.8		763.7		(308.7	)		585.8		--		--			585.8
Total current liabilities		5,685.7		3,797.0		(1,609.6	)		7,873.1		4.6		(4.0	)		7,873.7
Long-term debt		19,142.5		14.9		--			19,157.4		--		--			19,157.4
Deferred tax liabilities		4.9		58.5		(0.9	)		62.5		--		4.1			66.6
Other long-term liabilities		10.9		180.8		(0.3	)		191.4		119.4		--			310.8
Commitments and contingencies
Equity:
Partners’ and other owners’ equity		22,263.4		33,720.6		(37,820.6	)		18,163.4		18,063.2		(18,163.4	)		18,063.2
Noncontrolling interests		--		68.2		1,587.9			1,656.1		--		(27.1	)		1,629.0
Total equity		22,263.4		33,788.8		(36,232.7	)		19,819.5		18,063.2		(18,190.5	)		19,692.2
Total liabilities and equity	$	47,107.4	$	37,840.0	$	(37,843.5	)	$	47,103.9	$	18,187.2	$	(18,190.4	)	$	47,100.7

Condensed Consolidating Statement of Operations

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Three Months Ended March 31, 2015

	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	$	5,579.8		$	4,825.2		$	(2,932.5	)	$	7,472.5		$	--	$	--		$	7,472.5
Costs and expenses:
Operating costs and expenses		5,324.1			4,224.9			(2,932.6	)		6,616.4			--		--			6,616.4
General and administrative costs		8.4			40.7			--			49.1			0.2		--			49.3
Total costs and expenses		5,332.5			4,265.6			(2,932.6	)		6,665.5			0.2		--			6,665.7
Equity in income of unconsolidated affiliates		627.7			91.6			(630.1	)		89.2			636.3		(636.3	)		89.2
Operating income		875.0			651.2			(630.0	)		896.2			636.1		(636.3	)		896.0
Other income (expense):
Interest expense		(238.3	)		(2.8	)		2.0			(239.1	)		--		--			(239.1	)
Other, net		2.0			0.5			(2.0	)		0.5			--		--			0.5
Total other expense, net		(236.3	)		(2.3	)		--			(238.6	)		--		--			(238.6	)
Income before income taxes		638.7			648.9			(630.0	)		657.6			636.1		(636.3	)		657.4
Provision for income taxes		(3.2	)		(3.1	)		--			(6.3	)		--		(0.5	)		(6.8	)
Net income		635.5			645.8			(630.0	)		651.3			636.1		(636.8	)		650.6
Net loss (income) attributable to noncontrolling interests		--			0.3			(16.0	)		(15.7	)		--		1.2			(14.5	)
Net income attributable to entity	$	635.5		$	646.1		$	(646.0	)	$	635.6		$	636.1	$	(635.6	)	$	636.1

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Three Months Ended March 31, 2014

	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	$	9,490.9		$	8,110.6		$	(4,691.6	)	$	12,909.9		$	--	$	--		$	12,909.9
Costs and expenses:
Operating costs and expenses		9,167.8			7,404.5			(4,691.8	)		11,880.5			--		--			11,880.5
General and administrative costs		7.3			45.7			--			53.0			0.2		--			53.2
Total costs and expenses		9,175.1			7,450.2			(4,691.8	)		11,933.5			0.2		--			11,933.7
Equity in income of unconsolidated affiliates		706.8			85.8			(736.1	)		56.5			799.0		(799.0	)		56.5
Operating income		1,022.6			746.2			(735.9	)		1,032.9			798.8		(799.0	)		1,032.7
Other income (expense):
Interest expense		(220.8	)		(0.1	)		--			(220.9	)		--		--			(220.9	)
Other, net		0.2			(0.5	)		--			(0.3	)		--		--			(0.3	)
Total other expense, net		(220.6	)		(0.6	)		--			(221.2	)		--		--			(221.2	)
Income before income taxes		802.0			745.6			(735.9	)		811.7			798.8		(799.0	)		811.5
Provision for income taxes		(4.2	)		(0.3	)		--			(4.5	)		--		(0.3	)		(4.8	)
Net income		797.8			745.3			(735.9	)		807.2			798.8		(799.3	)		806.7
Net income attributable to noncontrolling interests		--			--			(9.1	)		(9.1	)		--		1.2			(7.9	)
Net income attributable to entity	$	797.8		$	745.3		$	(745.0	)	$	798.1		$	798.8	$	(798.1	)	$	798.8

Condensed Consolidating Statement of Comprehensive Income

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended March 31, 2015

	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		$	621.9		$	637.8		$	(630.0	)		$	629.7			$	614.5		$	(615.2	)		$	629.0
Comprehensive loss (income) attributable to noncontrolling interests			--			0.3			(16.0	)			(15.7	)			--			1.2				(14.5	)
Comprehensive income attributable to entity		$	621.9		$	638.1		$	(646.0	)		$	614.0			$	614.5		$	(614.0	)		$	614.5

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended March 31, 2014

	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		$	808.0		$	749.8		$	(735.9	)		$	821.9			$	813.5		$	(814.0	)		$	821.4
Comprehensive income attributable to noncontrolling interests			--			--			(9.1	)			(9.1	)			--			1.2				(7.9	)
Comprehensive income attributable to entity		$	808.0		$	749.8		$	(745.0	)		$	812.8			$	813.5		$	(812.8	)		$	813.5

Condensed Consolidating Statement of Cash Flows

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

For the Three Months Ended March 31, 2015

	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	$	635.5		$	645.8		$	(630.0	)	$	651.3		$	636.1		$	(636.8	)	$	650.6
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		32.9			334.6			(0.1	)		367.4			--			--			367.4
Equity in income of unconsolidated affiliates		(627.7	)		(91.6	)		630.1			(89.2	)		(636.3	)		636.3			(89.2	)
Distributions received from unconsolidated affiliates		633.9			97.5			(597.0	)		134.4			726.7			(726.7	)		134.4
Net effect of changes in operating accounts and other operating activities		(146.6	)		13.0			6.9			(126.7	)		17.0			0.5			(109.2	)
Net cash flows provided by operating activities		528.0			999.3			(590.1	)		937.2			743.5			(726.7	)		954.0
Investing activities:
Capital expenditures, net of contributions in aid of construction costs		(234.2	)		(559.0	)		--			(793.2	)		--			--			(793.2	)
Proceeds from asset sales and insurance recoveries		--			0.5			--			0.5			--			--			0.5
Other investing activities		(252.0	)		(24.0	)		179.6			(96.4	)		(468.4	)		468.4			(96.4	)
Cash used in investing activities		(486.2	)		(582.5	)		179.6			(889.1	)		(468.4	)		468.4			(889.1	)
Financing activities:
Borrowings under debt agreements		9,182.5			--			--			9,182.5			--			--			9,182.5
Repayments of debt		(8,953.2	)		--			--			(8,953.2	)		--			--			(8,953.2	)
Cash distributions paid to partners		(726.7	)		(613.1	)		613.1			(726.7	)		(703.8	)		726.7			(703.8	)
Cash payments made in connection with DERs		--			--			--			--			(1.2	)		--			(1.2	)
Cash distributions paid to noncontrolling interests		--			(0.4	)		(16.1	)		(16.5	)		--			--			(16.5	)
Cash contributions from noncontrolling interests		--			4.4			(0.4	)		4.0			--			--			4.0
Net cash proceeds from issuance of common units		--			--			--			--			468.4			--			468.4
Cash contributions from owners		468.4			179.2			(179.2	)		468.4			--			(468.4	)		--
Other financing activities		0.1			--			--			0.1			(38.5	)		--			(38.4	)
Cash used in financing activities		(28.9	)		(429.9	)		417.4			(41.4	)		(275.1	)		258.3			(58.2	)
Net change in cash and cash equivalents		12.9			(13.1	)		6.9			6.7			--			--			6.7
Cash and cash equivalents, January 1		18.7			70.4			(14.7	)		74.4			--			--			74.4
Cash and cash equivalents, March 31	$	31.6		$	57.3		$	(7.8	)	$	81.1		$	--		$	--		$	81.1

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

For the Three Months Ended March 31, 2014

	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	$	797.8		$	745.3		$	(735.9	)	$	807.2		$	798.8		$	(799.3	)	$	806.7
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		35.4			284.7			(0.2	)		319.9			--			--			319.9
Equity in income of unconsolidated affiliates		(706.8	)		(85.8	)		736.1			(56.5	)		(799.0	)		799.0			(56.5	)
Distributions received from unconsolidated affiliates		1,039.3			68.8			(1,036.4	)		71.7			685.2			(685.2	)		71.7
Net effect of changes in operating accounts and other operating activities		(4.5	)		250.1			14.0			259.6			2.7			--			262.3
Net cash flows provided by operating activities		1,161.2			1,263.1			(1,022.4	)		1,401.9			687.7			(685.5	)		1,404.1
Investing activities:
Capital expenditures, net of contributions in aid of construction costs		(85.3	)		(610.1	)		--			(695.4	)		--			--			(695.4	)
Proceeds from asset sales and insurance recoveries		0.1			96.2			--			96.3			--			--			96.3
Other investing activities		(555.3	)		(255.2	)		548.1			(262.4	)		(80.9	)		80.9			(262.4	)
Cash used in investing activities		(640.5	)		(769.1	)		548.1			(861.5	)		(80.9	)		80.9			(861.5	)
Financing activities:
Borrowings under debt agreements		4,181.5			--			--			4,181.5			--			--			4,181.5
Repayments of debt		(3,160.0	)		--			--			(3,160.0	)		--			--			(3,160.0	)
Cash distributions paid to partners		(685.2	)		(1,044.3	)		1,044.3			(685.2	)		(639.2	)		685.2			(639.2	)
Cash distributions paid to noncontrolling interests		--			--			(8.0	)		(8.0	)		--			--			(8.0	)
Net cash proceeds from issuance of common units		--			--			--			--			83.0			--			83.0
Cash contributions from owners		80.9			546.1			(546.1	)		80.9			--			(80.9	)		--
Other financing activities		(15.9	)		--			(1.9	)		(17.8	)		(50.6	)		--			(68.4	)
Cash provided by (used in) financing activities		401.3			(498.2	)		488.3			391.4			(606.8	)		604.3			388.9
Net change in cash and cash equivalents		922.0			(4.2	)		14.0			931.8			--			(0.3	)		931.5
Cash and cash equivalents, January 1		28.4			49.5			(21.0	)		56.9			--			--			56.9
Cash and cash equivalents, March 31	$	950.4		$	45.3		$	(7.0	)	$	988.7		$	--		$	(0.3	)	$	988.4