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

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, 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
 


F-74