XML 70 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Product sales $ 863.5 $ 579.1 $ 2,488.8 $ 1,480.4
Product sales - affiliates 40.3 37.8 89.6 474.2
Midstream services 111.3 68.6 351.3 154.8
Midstream services - affiliates 150.3 170.9 449.3 400.2
Gain (loss) on derivative activity 5.2 1.0 6.6 (1.9)
Total revenues 1,170.6 857.4 3,385.6 2,507.7
Operating costs and expenses:        
Cost of sales (1) 861.8 597.2 2,487.4 1,798.0
Operating expenses (2) 105.0 79.8 312.6 200.4
General and administrative (3) 34.8 24.4 105.6 66.9
Loss on disposition of assets 3.2 0.0 3.2 0.0
Depreciation and amortization 98.4 75.1 289.1 198.6
Impairments 799.2 0.0 799.2 0.0
Gain on litigation settlement 0.0 (6.1) 0.0 (6.1)
Total operating costs and expenses 1,902.4 770.4 3,997.1 2,257.8
Operating income (loss) (731.8) 87.0 (611.5) 249.9
Other income (expense):        
Interest expense, net of interest income (30.4) (13.6) (72.1) (33.1)
Equity in income of equity investment 6.4 5.6 16.1 14.3
Gain on extinguishment of debt 0.0 2.4 0.0 3.2
Other income (expense) 0.1 0.1 0.6 (0.7)
Total other expense (23.9) (5.5) (55.4) (16.3)
Income (loss) from continuing operations before non-controlling interest and income taxes (755.7) 81.5 (666.9) 233.6
Income tax provision (0.2) (17.3) (21.1) (59.5)
Net income (loss) from continuing operations (755.9) 64.2 (688.0) 174.1
Discontinued Operations:        
Income from discontinued operations, net of tax 0.0 0.0 0.0 1.0
Discontinued operations, net of tax 0.0 0.0 0.0 1.0
Net income (loss) (755.9) 64.2 (688.0) 175.1
Net income (loss) attributable to the non-controlling interest (562.5) 37.7 (526.1) 80.5
Net income (loss) attributable to EnLink Midstream, LLC (193.4) 26.5 (161.9) 94.6
Predecessor interest in net income (4) 0.0 0.0 0.0 35.5
Devon investment interest in net income (loss) 0.0 (2.3) 0.7 (5.3)
EnLink Midstream, LLC interest in net income (loss) $ (193.4) $ 28.8 $ (162.6) $ 64.4
Net income attributable to EnLink Midstream Partners, LP per limited partners' unit:        
Basic per common unit $ (1.18) $ 0.18 $ (0.99) $ 0.39
Diluted per common unit $ (1.18) $ 0.17 $ (0.99) $ 0.39