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, 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	$	215.6	$	90.1	$	(8.2	)	$	297.5	$	--	$	--		$	297.5
Accounts receivable – trade, net		750.1		1,700.2		(0.9	)		2,449.4		--		--			2,449.4
Accounts receivable – related parties		92.1		680.4		(749.0	)		23.5		--		(22.4	)		1.1
Inventories		954.3		278.1		(0.3	)		1,232.1		--		--			1,232.1
Derivative assets		147.8		87.1		--			234.9		--		--			234.9
Prepaid and other current assets		157.1		227.7		(7.9	)		376.9		0.7		--			377.6
Total current assets		2,317.0		3,063.6		(766.3	)		4,614.3		0.7		(22.4	)		4,592.6
Property, plant and equipment, net		4,141.2		28,530.7		1.4			32,673.3		--		--			32,673.3
Investments in unconsolidated affiliates		39,020.7		4,146.0		(40,482.6	)		2,684.1		21,393.6		(21,393.6	)		2,684.1
Intangible assets, net		715.8		3,289.7		(14.6	)		3,990.9		--		--			3,990.9
Goodwill		459.5		5,285.7		--			5,745.2		--		--			5,745.2
Other assets		149.2		38.7		(136.9	)		51.0		0.3		--			51.3
Total assets	$	46,803.4	$	44,354.4	$	(41,399.0	)	$	49,758.8	$	21,394.6	$	(21,416.0	)	$	49,737.4

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	835.8	$	0.1	$	--		$	835.9	$	--	$	--		$	835.9
Accounts payable – trade		324.3		427.0		(8.2	)		743.1		0.4		--			743.5
Accounts payable – related parties		713.8		87.7		(764.1	)		37.4		22.4		(22.4	)		37.4
Accrued product payables		1,257.4		1,434.5		(1.8	)		2,690.1		--		--			2,690.1
Accrued liability related to EFS Midstream acquisition		--		996.5		--			996.5		--		--			996.5
Accrued interest		193.5		0.4		--			193.9		--		--			193.9
Other current liabilities		179.5		344.5		(7.9	)		516.1		--		--			516.1
Total current liabilities		3,504.3		3,290.7		(782.0	)		6,013.0		22.8		(22.4	)		6,013.4
Long-term debt		21,904.6		15.2		--			21,919.8		--		--			21,919.8
Deferred tax liabilities		3.4		44.8		(0.8	)		47.4		--		2.8			50.2
Other long-term liabilities		9.5		291.9		(136.6	)		164.8		242.9		--			407.7
Commitments and contingencies
Equity:
Partners' and other owners' equity		21,381.6		40,641.1		(40,655.9	)		21,366.8		21,128.9		(21,366.8	)		21,128.9
Noncontrolling interests		--		70.7		176.3			247.0		--		(29.6	)		217.4
Total equity		21,381.6		40,711.8		(40,479.6	)		21,613.8		21,128.9		(21,396.4	)		21,346.3
Total liabilities and equity	$	46,803.4	$	44,354.4	$	(41,399.0	)	$	49,758.8	$	21,394.6	$	(21,416.0	)	$	49,737.4

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

December 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	$	14.4	$	71.1	$	(50.6	)	$	34.9	$	--	$	--		$	34.9
Accounts receivable – trade, net		811.3		1,755.8		2.8			2,569.9		--		--			2,569.9
Accounts receivable – related parties		59.0		795.4		(853.0	)		1.4		--		(0.2	)		1.2
Inventories		786.9		251.4		(0.2	)		1,038.1		--		--			1,038.1
Derivative assets		150.4		108.2		--			258.6		--		--			258.6
Prepaid and other current assets		153.6		249.1		(7.1	)		395.6		--		--			395.6
Total current assets		1,975.6		3,231.0		(908.1	)		4,298.5		--		(0.2	)		4,298.3
Property, plant and equipment, net		3,859.8		28,173.5		1.4			32,034.7		--		--			32,034.7
Investments in unconsolidated affiliates		38,655.0		4,067.3		(40,093.8	)		2,628.5		20,540.2		(20,540.2	)		2,628.5
Intangible assets, net		721.2		3,330.7		(14.7	)		4,037.2		--		--			4,037.2
Goodwill		459.5		5,285.7		--			5,745.2		--		--			5,745.2
Other assets		145.1		47.9		(135.2	)		57.8		0.5		--			58.3
Total assets	$	45,816.2	$	44,136.1	$	(41,150.4	)	$	48,801.9	$	20,540.7	$	(20,540.4	)	$	48,802.2

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	1,863.8	$	0.1	$	--		$	1,863.9	$	--	$	--		$	1,863.9
Accounts payable – trade		375.3		535.1		(50.6	)		859.8		0.3		--			860.1
Accounts payable – related parties		885.3		62.3		(863.5	)		84.1		0.2		(0.2	)		84.1
Accrued product payables		997.7		1,489.3		(2.6	)		2,484.4		--		--			2,484.4
Accrued liability related to EFS Midstream acquisition		--		993.2		--			993.2		--		--			993.2
Accrued interest		352.0		0.1		--			352.1		--		--			352.1
Other current liabilities		178.7		357.1		(7.0	)		528.8		--		--			528.8
Total current liabilities		4,652.8		3,437.2		(923.7	)		7,166.3		0.5		(0.2	)		7,166.6
Long-term debt		20,661.6		15.3		--			20,676.9		--		--			20,676.9
Deferred tax liabilities		3.4		40.8		(0.8	)		43.4		--		2.7			46.1
Other long-term liabilities		14.5		286.9		(135.0	)		166.4		245.1		--			411.5
Commitments and contingencies
Equity:
Partners' and other owners' equity		20,483.9		40,297.2		(40,266.8	)		20,514.3		20,295.1		(20,514.3	)		20,295.1
Noncontrolling interests		--		58.7		175.9			234.6		--		(28.6	)		206.0
Total equity		20,483.9		40,355.9		(40,090.9	)		20,748.9		20,295.1		(20,542.9	)		20,501.1
Total liabilities and equity	$	45,816.2	$	44,136.1	$	(41,150.4	)	$	48,801.9	$	20,540.7	$	(20,540.4	)	$	48,802.2

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 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 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 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 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 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 partners		(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

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 on earnings 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		--			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