EnLink Midstream, LLC (ENLC) financial statements (2020 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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments771025911006537
Cash and cash equivalents771025911006537
Receivables364478105127199196
Inventory, net of allowances, customer advances and progress billings435052394111961
Inventory435052394111961
Derivative instruments and hedges, assets131010929134
Other current assets586973737415599
Other undisclosed current assets417401432595665698519
Total current assets:6446757048221,0361,248915
Noncurrent Assets
Property, plant and equipment7,0817,0847,0246,9756,8476,8766,763
Long-term investments and receivables 798083 8586
Long-term investments 798083 8586
Intangible assets, net (including goodwill)1,4352,4052,4352,4662,6842,9472,978
Goodwill1851,1241,1241,1241,3101,5421,542
Intangible assets, net (excluding goodwill)1,2501,2811,3121,3431,3741,4051,435
Derivative instruments and hedges48754  
Other noncurrent assets128134143156434342
Other undisclosed noncurrent assets43   80  
Total noncurrent assets:8,6919,7109,6899,6859,6589,9509,868
TOTAL ASSETS:9,33610,38410,39310,50710,69411,19810,784
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities277374324334354392322
Accounts payable719281103106131115
Accrued liabilities206282244231248261206
Debt212122 400501484
Derivative instruments and hedges, liabilities141067222211
Provision for loss on contracts    9  
Due to related parties14234531
Other undisclosed current liabilities334303355493491657509
Total current liabilities:6477117098361,2801,5771,356
Noncurrent Liabilities
Long-term debt and lease obligation4,8464,7714,6974,4764,0313,8363,590
Long-term debt, excluding current maturities4,7644,6884,6134,4764,0313,8363,590
Operating lease, liability828284 
Liabilities, other than long-term debt113116119105374245
Asset retirement obligations16151515151515
Other liabilities91919390202121
Derivative instruments and hedges, liabilities710110279
Total noncurrent liabilities:4,9594,8874,8164,5804,0683,8783,635
Total liabilities:5,6065,5985,5255,4165,3485,4554,991
Stockholders' equity
Stockholders' equity attributable to parent(11)(13)(12)(2)(2)(2)(2)
Accumulated other comprehensive loss(11)(13)(12)(2)(2)(2)(2)
Total stockholders' equity:(11)(13)(12)(2)(2)(2)(2)
Other undisclosed liabilities and equity3,7404,8004,8805,0935,3485,7455,795
TOTAL LIABILITIES AND EQUITY:9,33610,38410,39310,50710,69411,19810,784

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues1,1561,4081,7101,7792,0582,1141,765
Revenue, net1,578
Cost of revenue(845)(1,119)(1,471)(1,478)(1,720)(1,811)(1,439)
Cost of goods and services sold(730)(1,000)(1,300)(1,363)(1,604)(1,697)(1,326)
Other undisclosed gross profit  53    
Gross profit:311289292301338303326
Operating expenses(1,132)(193)(186)(390)(528)(213)(177)
Other undisclosed operating loss  (53)    
Operating income (loss):(822)9753(89)(190)90149
Nonoperating expense(86)(53)(49)(44)(46)(41)(40)
Interest and debt expense4(0) (2)   
Other undisclosed income from continuing operations before equity method investments, income taxes    3  
Income (loss) from continuing operations before equity method investments, income taxes:(903)444(135)(233)49109
Other undisclosed income (loss) from continuing operations before income taxes(4)0 2(3)  
Income (loss) from continuing operations before income taxes:(907)444(133)(236)49109
Income tax expense (benefit)(4)(6)5(2)(1)(4)(6)
Net income (loss):(911)389(135)(237)45102
Net income (loss) attributable to noncontrolling interest(27)(26)(25)(42)176(37)(74)
Net income (loss) available to common stockholders, diluted:(939)12(16)(176)(61)828

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(911)389(135)(237)45102
Other comprehensive income (loss)(1)14    
Other undisclosed comprehensive income (loss)3(2)(14)    
Comprehensive income (loss):(909)36(1)(135)(237)45102
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(27)(26)(25)(42)176(37)(74)
Comprehensive income (loss), net of tax, attributable to parent:(937)11(26)(176)(61)828

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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