EnLink Midstream, LLC (ENLC) financial statements (2021 and earlier)

Company profile

Business Address 1722 ROUTH STREET, SUITE 1300
DALLAS, TX 75201
State of Incorp. DE
Fiscal Year End December 31
SIC 4922 - Natural Gas Transmission (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4079522587710259
Cash and cash equivalents4079522587710259
Receivables81588234364478
Inventory, net of allowances, customer advances and progress billings4564407435052
Inventory4564407435052
Derivative instruments and hedges, assets25101075131010
Other current assets59825919586973
Other undisclosed current assets403289265330417401432
Total current assets:651581507724644675704
Noncurrent Assets
Property, plant and equipment6,6526,7426,8296,8967,0817,0847,024
Long-term investments and receivables 424243 7980
Long-term investments 424243 7980
Intangible assets, net (including goodwill)1,1251,1561,1871,2191,4352,4052,435
Goodwill    1851,1241,124
Intangible assets, net (excluding goodwill)1,1251,1561,1871,2191,2501,2811,312
Derivative instruments and hedges5568487
Other noncurrent assets76140148165128134143
Other undisclosed noncurrent assets42   43  
Total noncurrent assets:7,9008,0868,2128,3318,6919,7109,689
TOTAL ASSETS:8,5518,6678,7199,0559,33610,38410,393
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities210253210268277374324
Accounts payable61544951719281
Accrued liabilities149199160217206282244
Debt350  18212122
Derivative instruments and hedges, liabilities3733317814106
Due to related parties1101142
Other undisclosed current liabilities291215189159334303355
Total current liabilities:888502430523647711709
Noncurrent Liabilities
Long-term debt and lease obligation4,3154,6504,7495,0344,8464,7714,697
Long-term debt, excluding current maturities4,2444,6504,7494,9554,7644,6884,613
Operating lease, liability71  79828284
Liabilities, other than long-term debt206104110117113116119
Asset retirement obligations14161616161515
Deferred income tax liabilities109      
Other liabilities81848588919193
Derivative instruments and hedges, liabilities3591371011
Total noncurrent liabilities:4,5214,7544,8595,1504,9594,8874,816
Total liabilities:5,4095,2565,2895,6735,6065,5985,525
Stockholders' equity
Stockholders' equity attributable to parent(15)(19)(23)(24)(11)(13)(12)
Accumulated other comprehensive loss(15)(19)(23)(24)(11)(13)(12)
Total stockholders' equity:(15)(19)(23)(24)(11)(13)(12)
Other undisclosed liabilities and equity3,1573,4303,4523,4063,7404,8004,880
TOTAL LIABILITIES AND EQUITY:8,5518,6678,7199,0559,33610,38410,393

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,0649297451,1561,1561,4081,710
Cost of revenue(777)(644)(486)(856)(845)(1,119)(1,471)
Cost of goods and services sold(686)(550)(398)(755)(730)(1,000)(1,300)
Other undisclosed gross profit      53
Gross profit:288285259300311289292
Operating expenses(195)(184)(188)(546)(1,132)(193)(186)
Other undisclosed operating loss      (53)
Operating income (loss):9210171(246)(822)9753
Nonoperating expense(57)(55)(29)(49)(86)(53)(49)
Investment income, nonoperating  (22)19   
Interest and debt expense  27(1)4(0) 
Income (loss) from continuing operations before equity method investments, income taxes:354568(295)(903)444
Other undisclosed income (loss) from continuing operations before income taxes  (27)1(4)0 
Income (loss) from continuing operations before income taxes:354542(294)(907)444
Income tax expense (benefit)(159)(6)(12)34(4)(6)5
Net income (loss):(124)3930(260)(911)389
Net loss attributable to noncontrolling interest(27)(27)(26)(26)(27)(26)(25)
Net income (loss) available to common stockholders, diluted:(151)134(287)(939)12(16)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(124)3930(260)(911)389
Other comprehensive income (loss)(1)(1)(1)4(1)14
Other undisclosed comprehensive income (loss)552(17)3(2)(14)
Comprehensive income (loss):(121)4331(274)(909)36(1)
Comprehensive loss, net of tax, attributable to noncontrolling interest(27)(27)(26)(26)(27)(26)(25)
Comprehensive income (loss), net of tax, attributable to parent:(148)166(300)(937)11(26)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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