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.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 
The following table presents our cash proceeds from asset sales for the periods indicated:

 
 
For the Year Ended December 31,
 
 
 
2017
   
2016
   
2015
 
Sale of Offshore Business (see Note 10)
 
$
--
   
$
--
   
$
1,527.7
 
Cash proceeds from other asset sales
   
40.1
     
46.5
     
80.9
 
Total
 
$
40.1
   
$
46.5
   
$
1,608.6
 

The following table presents net gains (losses) attributable to asset sales for the periods indicated:

 
 
For the Year Ended December 31,
 
 
 
2017
   
2016
   
2015
 
Sale of Offshore Business (see Note 10)
 
$
--
   
$
--
   
$
(12.3
)
Net gains (losses) attributable to other asset sales
   
10.7
     
2.5
     
(3.3
)
Total
 
$
10.7
   
$
2.5
   
$
(15.6
)

In July 2015, we purchased EFS Midstream for approximately $2.1 billion in cash, which was payable in two installments.  The initial payment of $1.1 billion was paid in July 2015, with the second and final installment of $1.0 billion paid in July 2016.  See Note 12 for information regarding this business combination.

See Note 12 for information regarding non-cash consideration we issued in connection with Step 2 of the Oiltanking acquisition.

See Note 14 for information regarding asset impairment and related charges as presented on our Statements of Consolidated Cash Flows.


Note 20.  Quarterly Financial Information (Unaudited)

The following table presents selected quarterly financial data for the periods indicated:

 
 
First
Quarter
   
Second
Quarter
   
Third
Quarter
   
Fourth
Quarter
 
For the Year Ended December 31, 2017:
                       
Revenues
 
$
7,320.4
   
$
6,607.6
   
$
6,886.9
   
$
8,426.6
 
Operating income
   
1,031.6
     
938.7
     
879.2
     
1,079.4
 
Net income
   
771.0
     
666.0
     
621.3
     
797.3
 
Net income attributable to limited partners
   
760.7
     
653.7
     
610.9
     
774.0
 
 
                               
Earnings per unit:
                               
Basic
 
$
0.36
   
$
0.30
   
$
0.28
   
$
0.36
 
Diluted
 
$
0.36
   
$
0.30
   
$
0.28
   
$
0.36
 
 
                               
For the Year Ended December 31, 2016:
                               
Revenues
 
$
5,005.3
   
$
5,617.8
   
$
5,920.4
   
$
6,478.8
 
Operating income
   
915.6
     
836.9
     
905.0
     
923.2
 
Net income
   
670.2
     
570.0
     
643.1
     
669.7
 
Net income attributable to limited partners
   
661.2
     
558.5
     
634.6
     
658.8
 
 
                               
Earnings per unit:
                               
Basic
 
$
0.32
   
$
0.27
   
$
0.30
   
$
0.31
 
Diluted
 
$
0.32
   
$
0.27
   
$
0.30
   
$
0.31
 

The sum of our quarterly earnings per unit amounts may not equal our full year amounts due to slight rounding differences.

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