Note 21. 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 8 for additional information regarding our consolidated debt obligations.

There are no significant restrictions on the ability of EPO to receive funds from Enterprise Products Partners L.P.

Enterprise Products Partners L.P.

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.

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
Derivative liabilities		75.1		65.5		--			140.6		--		--			140.6
Other current liabilities		103.6		291.6		(7.0	)		388.2		--		--			388.2
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.

Condensed Consolidating Statement of Operations

For the Year Ended 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
Revenues	$	28,958.7		$	15,296.8		$	(21,233.2	)	$	23,022.3		$	--		$	--		$	23,022.3
Costs and expenses:
Operating costs and expenses		28,108.2			12,768.9			(21,233.6	)		19,643.5			--			--			19,643.5
General and administrative costs		22.5			135.3			--			157.8			2.3			--			160.1
Total costs and expenses		28,130.7			12,904.2			(21,233.6	)		19,801.3			2.3			--			19,803.6
Equity in income of unconsolidated affiliates		2,686.1			521.7			(2,845.8	)		362.0			2,539.9			(2,539.9	)		362.0
Operating income		3,514.1			2,914.3			(2,845.4	)		3,583.0			2,537.6			(2,539.9	)		3,580.7
Other income (expense):
Interest expense		(973.1	)		(17.3	)		7.8			(982.6	)		--			--			(982.6	)
Other, net		8.3			2.3			(7.8	)		2.8			(24.5	)		--			(21.7	)
Total other expense, net		(964.8	)		(15.0	)		--			(979.8	)		(24.5	)		--			(1,004.3	)
Income before income taxes		2,549.3			2,899.3			(2,845.4	)		2,603.2			2,513.1			(2,539.9	)		2,576.4
Provision for income taxes		(13.1	)		(8.2	)		--			(21.3	)		--			(2.1	)		(23.4	)
Net income		2,536.2			2,891.1			(2,845.4	)		2,581.9			2,513.1			(2,542.0	)		2,553.0
Net loss (income) attributable to noncontrolling interests		--			(7.4	)		(37.8	)		(45.2	)		--			5.3			(39.9	)
Net income attributable to entity	$	2,536.2		$	2,883.7		$	(2,883.2	)	$	2,536.7		$	2,513.1		$	(2,536.7	)	$	2,513.1

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Operations

For the Year Ended 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
Revenues	$	20,104.8		$	19,087.0		$	(12,163.9	)	$	27,027.9		$	--		$	--		$	27,027.9
Costs and expenses:
Operating costs and expenses		19,283.7			16,549.3			(12,164.3	)		23,668.7			--			--			23,668.7
General and administrative costs		38.2			152.3			--			190.5			2.1			--			192.6
Total costs and expenses		19,321.9			16,701.6			(12,164.3	)		23,859.2			2.1			--			23,861.3
Equity in income of unconsolidated affiliates		2,718.4			417.5			(2,762.3	)		373.6			2,548.7			(2,548.7	)		373.6
Operating income		3,501.3			2,802.9			(2,761.9	)		3,542.3			2,546.6			(2,548.7	)		3,540.2
Other income (expense):
Interest expense		(952.9	)		(12.0	)		3.1			(961.8	)		--			--			(961.8	)
Other, net		5.2			0.8			(3.1	)		2.9			(25.4	)		--			(22.5	)
Total other expense, net		(947.7	)		(11.2	)		--			(958.9	)		(25.4	)		--			(984.3	)
Income before income taxes		2,553.6			2,791.7			(2,761.9	)		2,583.4			2,521.2			(2,548.7	)		2,555.9
Provision for income taxes		(8.7	)		12.7			--			4.0			--			(1.5	)		2.5
Net income		2,544.9			2,804.4			(2,761.9	)		2,587.4			2,521.2			(2,550.2	)		2,558.4
Net loss (income) attributable to noncontrolling interests		--			0.9			(42.9	)		(42.0	)		--			4.8			(37.2	)
Net income attributable to entity	$	2,544.9		$	2,805.3		$	(2,804.8	)	$	2,545.4		$	2,521.2		$	(2,545.4	)	$	2,521.2

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Operations

For the Year Ended 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
Revenues	$	32,468.5		$	32,488.2		$	(17,005.5	)	$	47,951.2		$	--	$	--		$	47,951.2
Costs and expenses:
Operating costs and expenses		31,579.2			29,647.6			(17,006.3	)		44,220.5			--		--			44,220.5
General and administrative costs		39.1			173.2			--			212.3			2.2		--			214.5
Total costs and expenses		31,618.3			29,820.8			(17,006.3	)		44,432.8			2.2		--			44,435.0
Equity in income of unconsolidated affiliates		2,865.2			354.3			(2,960.0	)		259.5			2,789.6		(2,789.6	)		259.5
Operating income		3,715.4			3,021.7			(2,959.2	)		3,777.9			2,787.4		(2,789.6	)		3,775.7
Other income (expense):
Interest expense		(921.3	)		(2.5	)		2.8			(921.0	)		--		--			(921.0	)
Other, net		3.4			1.3			(2.8	)		1.9			--		--			1.9
Total other expense, net		(917.9	)		(1.2	)		--			(919.1	)		--		--			(919.1	)
Income before income taxes		2,797.5			3,020.5			(2,959.2	)		2,858.8			2,787.4		(2,789.6	)		2,856.6
Provision for income taxes		(11.5	)		(9.8	)		0.2			(21.1	)		--		(2.0	)		(23.1	)
Net income		2,786.0			3,010.7			(2,959.0	)		2,837.7			2,787.4		(2,791.6	)		2,833.5
Net loss (income) attributable to noncontrolling interests		--			0.4			(51.5	)		(51.1	)		--		5.0			(46.1	)
Net income attributable to entity	$	2,786.0		$	3,011.1		$	(3,010.5	)	$	2,786.6		$	2,787.4	$	(2,786.6	)	$	2,787.4

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Comprehensive Income

For the Year Ended 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
Comprehensive income	$	2,544.3	$	2,822.1		$	(2,845.3	)	$	2,521.1		$	2,452.2	$	(2,481.1	)	$	2,492.2
Comprehensive loss (income) attributable to noncontrolling interests		--		(7.4	)		(37.8	)		(45.2	)		--		5.3			(39.9	)
Comprehensive income attributable to entity	$	2,544.3	$	2,814.7		$	(2,883.1	)	$	2,475.9		$	2,452.2	$	(2,475.8	)	$	2,452.3

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Comprehensive Income

For the Year Ended 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
Comprehensive income	$	2,578.6	$	2,793.1	$	(2,761.9	)	$	2,609.8		$	2,543.6	$	(2,572.6	)	$	2,580.8
Comprehensive loss (income) attributable to noncontrolling interests		--		0.9		(42.9	)		(42.0	)		--		4.8			(37.2	)
Comprehensive income attributable to entity	$	2,578.6	$	2,794.0	$	(2,804.8	)	$	2,567.8		$	2,543.6	$	(2,567.8	)	$	2,543.6

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Comprehensive Income

For the Year Ended 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
Comprehensive income	$	2,856.4	$	3,057.6	$	(2,958.9	)	$	2,955.1		$	2,904.8	$	(2,909.0	)	$	2,950.9
Comprehensive loss (income) attributable to noncontrolling interests		--		0.4		(51.5	)		(51.1	)		--		5.0			(46.1	)
Comprehensive income attributable to entity	$	2,856.4	$	3,058.0	$	(3,010.4	)	$	2,904.0		$	2,904.8	$	(2,904.0	)	$	2,904.8

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Cash Flows

For the Year Ended 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
Operating activities:
Net income	$	2,536.2		$	2,891.1		$	(2,845.4	)	$	2,581.9		$	2,513.1		$	(2,542.0	)	$	2,553.0
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		185.4			1,367.0			(0.4	)		1,552.0			--			--			1,552.0
Equity in income of unconsolidated affiliates		(2,686.1	)		(521.7	)		2,845.8			(362.0	)		(2,539.9	)		2,539.9			(362.0	)
Distributions received on earnings from unconsolidated affiliates		1,127.3			265.9			(1,012.7	)		380.5			3,331.2			(3,331.2	)		380.5
Net effect of changes in operating accounts and other operating activities		2,448.6			(2,568.5	)		43.1			(76.8	)		18.9			1.2			(56.7	)
Net cash flows provided by operating activities		3,611.4			1,433.8			(969.6	)		4,075.6			3,323.3			(3,332.1	)		4,066.8
Investing activities:
Capital expenditures, net of contributions in aid of construction costs		(1,327.4	)		(1,656.7	)		--			(2,984.1	)		--			--			(2,984.1	)
Cash used for business combinations, net of cash received		--			(1,000.0	)		--			(1,000.0	)		--			--			(1,000.0	)
Proceeds from asset sales and insurance recoveries		28.8			17.7			--			46.5			--			--			46.5
Other investing activities		(2,640.3	)		(63.4	)		2,296.9			(406.8	)		(2,530.9	)		2,530.9			(406.8	)
Cash used in investing activities		(3,938.9	)		(2,702.4	)		2,296.9			(4,344.4	)		(2,530.9	)		2,530.9			(4,344.4	)
Financing activities:
Borrowings under debt agreements		62,813.9			41.8			(41.8	)		62,813.9			--			--			62,813.9
Repayments of debt		(61,672.5	)		(0.1	)		--			(61,672.6	)		--			--			(61,672.6	)
Cash distributions paid to partners		(3,331.2	)		(1,089.6	)		1,089.6			(3,331.2	)		(3,300.5	)		3,331.2			(3,300.5	)
Cash payments made in connection with DERs		--			--			--			--			(11.7	)		--			(11.7	)
Cash distributions paid to noncontrolling interests		--			(8.5	)		(39.8	)		(48.3	)		--			0.9			(47.4	)
Cash contributions from noncontrolling interests		--			20.4			--			20.4			--			--			20.4
Net cash proceeds from issuance of common units		--			--			--			--			2,542.8			--			2,542.8
Cash contributions from owners		2,530.9			2,292.2			(2,292.2	)		2,530.9			--			(2,530.9	)		--
Other financing activities		(0.2	)		--			--			(0.2	)		(23.0	)		--			(23.2	)
Cash provided by (used in) financing activities		340.9			1,256.2			(1,284.2	)		312.9			(792.4	)		801.2			321.7
Net change in cash and cash equivalents		13.4			(12.4	)		43.1			44.1			--			--			44.1
Cash and cash equivalents, January 1		--			69.6			(50.6	)		19.0			--			--			19.0
Cash and cash equivalents, December 31	$	13.4		$	57.2		$	(7.5	)	$	63.1		$	--		$	--		$	63.1

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Cash Flows

For the Year Ended 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
Operating activities:
Net income	$	2,544.9		$	2,804.4		$	(2,761.9	)	$	2,587.4		$	2,521.2		$	(2,550.2	)	$	2,558.4
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		144.9			1,371.5			(0.4	)		1,516.0			--			--			1,516.0
Equity in income of unconsolidated affiliates		(2,718.4	)		(417.5	)		2,762.3			(373.6	)		(2,548.7	)		2,548.7			(373.6	)
Distributions received on earnings from unconsolidated affiliates		1,989.6			307.7			(1,835.2	)		462.1			3,000.2			(3,000.2	)		462.1
Net effect of changes in operating accounts and other operating activities		882.8			(1,031.0	)		(35.9	)		(184.1	)		22.1			1.5			(160.5	)
Net cash flows provided by operating activities		2,843.8			3,035.1			(1,871.1	)		4,007.8			2,994.8			(3,000.2	)		4,002.4
Investing activities:
Capital expenditures, net of contributions in aid of construction costs		(1,180.0	)		(2,631.6	)		--			(3,811.6	)		--			--			(3,811.6	)
Cash used for business combinations, net of cash received		(1,069.9	)		13.4			--			(1,056.5	)		--			--			(1,056.5	)
Proceeds from asset sales and insurance recoveries		1,531.3			77.3			--			1,608.6			--			--			1,608.6
Other investing activities		(1,513.4	)		(1,248.2	)		2,579.3			(182.3	)		(1,179.8	)		1,179.8			(182.3	)
Cash used in investing activities		(2,232.0	)		(3,789.1	)		2,579.3			(3,441.8	)		(1,179.8	)		1,179.8			(3,441.8	)
Financing activities:
Borrowings under debt agreements		21,081.1			133.9			(133.9	)		21,081.1			--			--			21,081.1
Repayments of debt		(19,867.2	)		--			--			(19,867.2	)		--			--			(19,867.2	)
Cash distributions paid to partners		(3,000.2	)		(1,882.4	)		1,882.4			(3,000.2	)		(2,943.7	)		3,000.2			(2,943.7	)
Cash payments made in connection with DERs		--			--			--			--			(7.7	)		--			(7.7	)
Cash distributions paid to noncontrolling interests		--			(0.8	)		(47.2	)		(48.0	)		--			--			(48.0	)
Cash contributions from noncontrolling interests		--			54.4			(0.4	)		54.0			--			--			54.0
Net cash proceeds from issuance of common units		--			--			--			--			1,188.6			--			1,188.6
Cash contributions from owners		1,179.8			2,445.0			(2,445.0	)		1,179.8			--			(1,179.8	)		--
Other financing activities		(24.0	)		3.1			--			(20.9	)		(52.2	)		--			(73.1	)
Cash provided by (used in) financing activities		(630.5	)		753.2			(744.1	)		(621.4	)		(1,815.0	)		1,820.4			(616.0	)
Net change in cash and cash equivalents		(18.7	)		(0.8	)		(35.9	)		(55.4	)		--			--			(55.4	)
Cash and cash equivalents, January 1		18.7			70.4			(14.7	)		74.4			--			--			74.4
Cash and cash equivalents, December 31	$	--		$	69.6		$	(50.6	)	$	19.0		$	--		$	--		$	19.0

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Cash Flows

For the Year Ended 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
Operating activities:
Net income	$	2,786.0		$	3,010.7		$	(2,959.0	)	$	2,837.7		$	2,787.4		$	(2,791.6	)	$	2,833.5
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		153.0			1,208.0			(0.5	)		1,360.5			--			--			1,360.5
Equity in income of unconsolidated affiliates		(2,865.2	)		(354.3	)		2,960.0			(259.5	)		(2,789.6	)		2,789.6			(259.5	)
Distributions received on earnings from unconsolidated affiliates		4,539.9			327.1			(4,491.9	)		375.1			2,702.9			(2,702.9	)		375.1
Net effect of changes in operating accounts and other operating activities		(627.0	)		479.4			5.7			(141.9	)		(7.5	)		2.0			(147.4	)
Net cash flows provided by operating activities		3,986.7			4,670.9			(4,485.7	)		4,171.9			2,693.2			(2,702.9	)		4,162.2
Investing activities:
Capital expenditures, net of contributions in aid of construction costs		(647.9	)		(2,216.1	)		--			(2,864.0	)		--			--			(2,864.0	)
Cash used for business combinations, net of cash received		(2,437.5	)		20.7			--			(2,416.8	)		--			--			(2,416.8	)
Proceeds from asset sales and insurance recoveries		4.3			141.0			--			145.3			--			--			145.3
Other investing activities		(2,603.4	)		(660.0	)		2,601.0			(662.4	)		(384.6	)		384.6			(662.4	)
Cash used in investing activities		(5,684.5	)		(2,714.4	)		2,601.0			(5,797.9	)		(384.6	)		384.6			(5,797.9	)
Financing activities:
Borrowings under debt agreements		18,361.1			--			--			18,361.1			--			--			18,361.1
Repayments of debt		(14,341.1	)		--			--			(14,341.1	)		--			--			(14,341.1	)
Cash distributions paid to partners		(2,702.9	)		(4,537.8	)		4,537.8			(2,702.9	)		(2,638.1	)		2,702.9			(2,638.1	)
Cash payments made in connection with DERs		--			--			--			--			(3.7	)		--			(3.7	)
Cash distributions paid to noncontrolling interests		--			(2.7	)		(45.9	)		(48.6	)		--			--			(48.6	)
Cash contributions from noncontrolling interests		--			--			4.0			4.0			--			--			4.0
Net cash proceeds from issuance of common units		--			--			--			--			388.8			--			388.8
Cash contributions from owners		384.6			2,604.9			(2,604.9	)		384.6			--			(384.6	)		--
Other financing activities		(13.6	)		--			--			(13.6	)		(55.6	)		--			(69.2	)
Cash provided by (used in) financing activities		1,688.1			(1,935.6	)		1,891.0			1,643.5			(2,308.6	)		2,318.3			1,653.2
Net change in cash and cash equivalents		(9.7	)		20.9			6.3			17.5			--			--			17.5
Cash and cash equivalents, January 1		28.4			49.5			(21.0	)		56.9			--			--			56.9
Cash and cash equivalents, December 31	$	18.7		$	70.4		$	(14.7	)	$	74.4		$	--		$	--		$	74.4