Enterprise Products Partners L.P.

SEC Filings

10-K
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 10-K on 02/28/2018
Entire Document
 

ENTERPRISE PRODUCTS PARTNERS L.P.
STATEMENTS OF CONSOLIDATED OPERATIONS
(Dollars in millions, except per unit amounts)

 
 
For the Year Ended December 31,
 
 
 
2017
   
2016
   
2015
 
Revenues:
                 
Third parties
 
$
29,196.5
   
$
22,965.6
   
$
26,955.6
 
Related parties
   
45.0
     
56.7
     
72.3
 
Total revenues (see Note 10)
   
29,241.5
     
23,022.3
     
27,027.9
 
Costs and expenses:
                       
Operating costs and expenses:
                       
Third parties
   
24,444.7
     
18,539.5
     
22,588.2
 
Related parties
   
1,112.8
     
1,104.0
     
1,080.5
 
Total operating costs and expenses
   
25,557.5
     
19,643.5
     
23,668.7
 
General and administrative costs:
                       
Third parties
   
59.6
     
47.0
     
78.5
 
Related parties
   
121.5
     
113.1
     
114.1
 
Total general and administrative costs
   
181.1
     
160.1
     
192.6
 
Total costs and expenses (see Note 10)
   
25,738.6
     
19,803.6
     
23,861.3
 
Equity in income of unconsolidated affiliates
   
426.0
     
362.0
     
373.6
 
Operating income
   
3,928.9
     
3,580.7
     
3,540.2
 
Other income (expense):
                       
Interest expense
   
(984.6
)
   
(982.6
)
   
(961.8
)
Change in fair market value of Liquidity Option Agreement (see Note 17)
   
(64.3
)
   
(24.5
)
   
(25.4
)
Other, net
   
1.3
     
2.8
     
2.9
 
Total other expense, net
   
(1,047.6
)
   
(1,004.3
)
   
(984.3
)
Income before income taxes
   
2,881.3
     
2,576.4
     
2,555.9
 
Benefit from (provision for) income taxes (see Note 16)
   
(25.7
)
   
(23.4
)
   
2.5
 
Net income
   
2,855.6
     
2,553.0
     
2,558.4
 
Net income attributable to noncontrolling interests (see Note 9)
   
(56.3
)
   
(39.9
)
   
(37.2
)
Net income attributable to limited partners
 
$
2,799.3
   
$
2,513.1
   
$
2,521.2
 
 
                       
Earnings per unit: (see Note 11)
                       
Basic earnings per unit
 
$
1.30
   
$
1.20
   
$
1.28
 
Diluted earnings per unit
 
$
1.30
   
$
1.20
   
$
1.26
 


















See Notes to Consolidated Financial Statements.

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