Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2018

Condensed Consolidating Financial Information [Abstract]

Unaudited Condensed Consolidating Balance Sheet

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

March 31, 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	$	187.2	$	28.8	$	(0.4	)	$	215.6	$	--	$	--		$	215.6
Accounts receivable – trade, net		1,230.9		3,209.0		--			4,439.9		--		--			4,439.9
Accounts receivable – related parties		218.9		1,122.7		(1,338.0	)		3.6		12.7		(12.7	)		3.6
Inventories		1,085.3		616.1		(1.5	)		1,699.9		--		--			1,699.9
Derivative assets		66.4		12.3		--			78.7		--		--			78.7
Prepaid and other current assets		143.8		230.8		(22.1	)		352.5		0.8		--			353.3
Total current assets		2,932.5		5,219.7		(1,362.0	)		6,790.2		13.5		(12.7	)		6,791.0
Property, plant and equipment, net		5,872.0		30,542.8		1.5			36,416.3		--		--			36,416.3
Investments in unconsolidated affiliates		41,931.6		4,040.5		(43,388.7	)		2,583.4		23,080.3		(23,080.3	)		2,583.4
Intangible assets, net		671.0		3,079.1		(13.7	)		3,736.4		--		--			3,736.4
Goodwill		459.5		5,285.7		--			5,745.2		--		--			5,745.2
Other assets		293.3		137.9		(222.1	)		209.1		0.9		--			210.0
Total assets	$	52,159.9	$	48,305.7	$	(44,985.0	)	$	55,480.6	$	23,094.7	$	(23,093.0	)	$	55,482.3
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	2,376.4	$	0.4	$	--		$	2,376.8	$	--	$	--		$	2,376.8
Accounts payable – trade		245.9		485.1		(0.4	)		730.6		--		--			730.6
Accounts payable – related parties		1,218.5		229.1		(1,351.8	)		95.8		--		(12.8	)		83.0
Accrued product payables		1,844.2		3,100.1		(1.5	)		4,942.8		--		--			4,942.8
Accrued interest		210.7		3.0		(2.9	)		210.8		--		--			210.8
Derivative liabilities		65.0		95.9		--			160.9		--		--			160.9
Other current liabilities		56.0		296.0		(17.1	)		334.9		--		(0.2	)		334.7
Total current liabilities		6,016.7		4,209.6		(1,373.7	)		8,852.6		--		(13.0	)		8,839.6
Long-term debt		23,001.7		14.7		--			23,016.4		--		--			23,016.4
Deferred tax liabilities		8.3		48.4		(0.9	)		55.8		--		2.2			58.0
Other long-term liabilities		58.7		426.2		(222.9	)		262.0		341.4		--			603.4
Commitments and contingencies
Equity:
Partners’ and other owners’ equity		23,074.5		43,532.2		(43,555.7	)		23,051.0		22,753.3		(23,051.0	)		22,753.3
Noncontrolling interests		--		74.6		168.2			242.8		--		(31.2	)		211.6
Total equity		23,074.5		43,606.8		(43,387.5	)		23,293.8		22,753.3		(23,082.2	)		22,964.9
Total liabilities and equity	$	52,159.9	$	48,305.7	$	(44,985.0	)	$	55,480.6	$	23,094.7	$	(23,093.0	)	$	55,482.3

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

Unaudited Condensed Consolidating Statement of Operations

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Three Months Ended March 31, 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	$	10,317.8		$	6,408.9		$	(7,428.2	)	$	9,298.5		$	--		$	--		$	9,298.5
Costs and expenses:
Operating costs and expenses		9,980.6			5,670.3			(7,428.2	)		8,222.7			--			--			8,222.7
General and administrative costs		5.4			46.7			--			52.1			0.9			--			53.0
Total costs and expenses		9,986.0			5,717.0			(7,428.2	)		8,274.8			0.9			--			8,275.7
Equity in income of unconsolidated affiliates		831.0			154.5			(869.8	)		115.7			909.1			(909.1	)		115.7
Operating income		1,162.8			846.4			(869.8	)		1,139.4			908.2			(909.1	)		1,138.5
Other income (expense):
Interest expense		(252.2	)		(2.5	)		2.6			(252.1	)		--			--			(252.1	)
Other, net		2.8			37.5			(2.6	)		37.7			(7.5	)		--			30.2
Total other income (expense), net		(249.4	)		35.0			--			(214.4	)		(7.5	)		--			(221.9	)
Income before income taxes		913.4			881.4			(869.8	)		925.0			900.7			(909.1	)		916.6
Benefit from (provision for) income taxes		(5.4	)		0.6			--			(4.8	)		--			(0.3	)		(5.1	)
Net income		908.0			882.0			(869.8	)		920.2			900.7			(909.4	)		911.5
Net income attributable to noncontrolling interests		--			(1.7	)		(10.4	)		(12.1	)		--			1.3			(10.8	)
Net income attributable to entity	$	908.0		$	880.3		$	(880.2	)	$	908.1		$	900.7		$	(908.1	)	$	900.7

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Three Months Ended March 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
Revenues	$	12,532.8		$	4,308.2		$	(9,520.6	)	$	7,320.4		$	--		$	--		$	7,320.4
Costs and expenses:
Operating costs and expenses		12,239.0			3,615.0			(9,520.8	)		6,333.2			--			--			6,333.2
General and administrative costs		7.4			42.7			(0.2	)		49.9			0.5			--			50.4
Total costs and expenses		12,246.4			3,657.7			(9,521.0	)		6,383.1			0.5			--			6,383.6
Equity in income of unconsolidated affiliates		728.8			133.4			(767.4	)		94.8			766.7			(766.7	)		94.8
Operating income		1,015.2			783.9			(767.0	)		1,032.1			766.2			(766.7	)		1,031.6
Other income (expense):
Interest expense		(248.8	)		(2.7	)		2.2			(249.3	)		--			--			(249.3	)
Other, net		2.2			0.2			(2.2	)		0.2			(5.5	)		--			(5.3	)
Total other expense, net		(246.6	)		(2.5	)		--			(249.1	)		(5.5	)		--			(254.6	)
Income before income taxes		768.6			781.4			(767.0	)		783.0			760.7			(766.7	)		777.0
Provision for income taxes		(2.9	)		(2.6	)		--			(5.5	)		--			(0.5	)		(6.0	)
Net income		765.7			778.8			(767.0	)		777.5			760.7			(767.2	)		771.0
Net income attributable to noncontrolling interests		--			(1.7	)		(9.9	)		(11.6	)		--			1.3			(10.3	)
Net income attributable to entity	$	765.7		$	777.1		$	(776.9	)	$	765.9		$	760.7		$	(765.9	)	$	760.7

Unaudited 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, 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	$	918.9	$	881.5		$	(869.8	)	$	930.6		$	911.2	$	(919.8	)	$	922.0
Comprehensive income attributable to noncontrolling interests		--		(1.7	)		(10.4	)		(12.1	)		--		1.3			(10.8	)
Comprehensive income attributable to entity	$	918.9	$	879.8		$	(880.2	)	$	918.5		$	911.2	$	(918.5	)	$	911.2

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended March 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
Comprehensive income	$	870.1	$	838.3		$	(767.0	)	$	941.4		$	924.5	$	(931.1	)	$	934.8
Comprehensive income attributable to noncontrolling interests		--		(1.7	)		(9.9	)		(11.6	)		--		1.3			(10.3	)
Comprehensive income attributable to entity	$	870.1	$	836.6		$	(776.9	)	$	929.8		$	924.5	$	(929.8	)	$	924.5

Unaudited 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, 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	$	908.0		$	882.0		$	(869.8	)	$	920.2		$	900.7		$	(909.4	)	$	911.5
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		63.3			367.8			(0.1	)		431.0			--			--			431.0
Equity in income of unconsolidated affiliates		(831.0	)		(154.5	)		869.8			(115.7	)		(909.1	)		909.1			(115.7	)
Distributions received on earnings from unconsolidated affiliates		283.4			66.8			(242.7	)		107.5			920.1			(920.1	)		107.5
Net effect of changes in operating accounts and other operating activities		387.1			(545.7	)		26.1			(132.5	)		31.8			--			(100.7	)
Net cash flows provided by operating activities		810.8			616.4			(216.7	)		1,210.5			943.5			(920.4	)		1,233.6
Investing activities:
Capital expenditures		(284.0	)		(662.5	)		--			(946.5	)		--			--			(946.5	)
Cash used for business combination, net of cash received		--			(149.8	)		--			(149.8	)		--			--			(149.8	)
Proceeds from asset sales		0.2			0.9			--			1.1			--			--			1.1
Other investing activities		(474.6	)		(0.5	)		451.2			(23.9	)		(173.2	)		173.2			(23.9	)
Cash used in investing activities		(758.4	)		(811.9	)		451.2			(1,119.1	)		(173.2	)		173.2			(1,119.1	)
Financing activities:
Borrowings under debt agreements		16,283.8			11.5			(11.5	)		16,283.8			--			--			16,283.8
Repayments of debt		(15,444.6	)		(0.1	)		--			(15,444.7	)		--			--			(15,444.7	)
Cash distributions paid to owners		(920.1	)		(259.3	)		259.3			(920.1	)		(918.5	)		920.1			(918.5	)
Cash payments made in connection with DERs		--			--			--			--			(3.9	)		--			(3.9	)
Cash distributions paid to noncontrolling interests		--			(2.0	)		(13.7	)		(15.7	)		--			0.3			(15.4	)
Cash contributions from noncontrolling interests		--			--			0.1			0.1			--			--			0.1
Net cash proceeds from issuance of common units		--			--			--			--			177.0			--			177.0
Cash contributions from owners		173.2			442.7			(442.7	)		173.2			--			(173.2	)		--
Other financing activities		(22.7	)		--			--			(22.7	)		(24.9	)		--			(47.6	)
Cash provided by (used in) financing activities		69.6			192.8			(208.5	)		53.9			(770.3	)		747.2			30.8
Net change in cash and cash equivalents,    including restricted cash		122.0			(2.7	)		26.0			145.3			--			--			145.3
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	$	187.2		$	28.8		$	(0.4	)	$	215.6		$	--		$	--		$	215.6

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

For the Three Months Ended March 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
Operating activities:
Net income	$	765.7		$	778.8		$	(767.0	)	$	777.5		$	760.7		$	(767.2	)	$	771.0
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		51.3			351.1			(0.1	)		402.3			--			--			402.3
Equity in income of unconsolidated affiliates		(728.8	)		(133.4	)		767.4			(94.8	)		(766.7	)		766.7			(94.8	)
Distributions received on earnings from unconsolidated affiliates		255.4			62.4			(227.3	)		90.5			870.5			(870.5	)		90.5
Net effect of changes in operating accounts and other operating activities		631.0			(958.0	)		1.4			(325.6	)		31.9			0.3			(293.4	)
Net cash flows provided by operating activities		974.6			100.9			(225.6	)		849.9			896.4			(870.7	)		875.6
Investing activities:
Capital expenditures		(125.5	)		(304.9	)		--			(430.4	)		--			--			(430.4	)
Cash used for business combination, net of cash received		--			(16.0	)		--			(16.0	)		--			--			(16.0	)
Proceeds from asset sales		1.2			0.8			--			2.0			--			--			2.0
Other investing activities		(465.3	)		4.1			461.6			0.4			(445.6	)		445.6			0.4
Cash used in investing activities		(589.6	)		(316.0	)		461.6			(444.0	)		(445.6	)		445.6			(444.0	)
Financing activities:
Borrowings under debt agreements		17,575.1			--			--			17,575.1			--			--			17,575.1
Repayments of debt		(17,856.4	)		(0.1	)		--			(17,856.5	)		--			--			(17,856.5	)
Cash distributions paid to owners		(870.5	)		(242.6	)		242.6			(870.5	)		(869.0	)		870.5			(869.0	)
Cash payments made in connection with DERs		--			--			--			--			(3.2	)		--			(3.2	)
Cash distributions paid to noncontrolling interests		--			(2.5	)		(7.8	)		(10.3	)		--			0.2			(10.1	)
Cash contributions from noncontrolling interests		--			0.1			0.1			0.2			--			--			0.2
Net cash proceeds from issuance of common units		--			--			--			--			448.8			--			448.8
Cash contributions from owners		445.6			469.2			(469.2	)		445.6			--			(445.6	)		--
Other financing activities		--			--			--			--			(27.4	)		--			(27.4	)
Cash provided by financing activities		(706.2	)		224.1			(234.3	)		(716.4	)		(450.8	)		425.1			(742.1	)
Net change in cash and cash equivalents,    including restricted cash		(321.2	)		9.0			1.7			(310.5	)		--			--			(310.5	)
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	$	45.0		$	67.9		$	(5.8	)	$	107.1		$	--		$	--		$	107.1