Energy Transfer LP (ET) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
8111 WESTCHESTER DRIVE DALLAS, TX 75225 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4922 - Natural Gas Transmission (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 161 | 257 | 336 | 367 | 291 | 419 | |||
| Cash and cash equivalents | 161 | 257 | 336 | 367 | 291 | 419 | |||
| Receivables | 9,114 | 8,627 | 7,740 | 3,989 | 5,343 | 4,193 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,478 | 2,461 | 2,014 | 1,739 | 1,935 | 1,677 | |||
| Inventory | 2,478 | 2,461 | 2,014 | 1,739 | 1,935 | 1,677 | |||
| Derivative instruments and hedges, assets | 66 | 10 | 10 | 9 | 23 | 111 | |||
| Disposal group, including discontinued operation | |||||||||
| Other current assets | 513 | 726 | 437 | 213 | 275 | 350 | |||
| Other undisclosed current assets | 101 | ||||||||
| Total current assets: | 12,433 | 12,081 | 10,537 | 6,317 | 7,867 | 6,750 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 85,351 | 80,311 | 81,607 | 75,107 | 74,193 | 66,963 | |||
| Long-term investments and receivables | 3,097 | 2,893 | 2,947 | 3,060 | 3,460 | 2,642 | |||
| Long-term investments | 3,097 | 2,893 | 2,947 | 3,060 | 3,460 | 2,642 | |||
| Intangible assets, net (including goodwill) | 10,258 | 7,981 | 8,389 | 8,137 | 11,321 | 10,885 | |||
| Goodwill | 4,019 | 2,566 | 2,533 | 2,391 | 5,167 | 4,885 | |||
| Intangible assets, net (excluding goodwill) | 6,239 | 5,415 | 5,856 | 5,746 | 6,154 | 6,000 | |||
| Other noncurrent assets | 1,733 | 1,558 | 1,645 | 1,657 | 1,075 | 1,006 | |||
| Other undisclosed noncurrent assets | 826 | 819 | 838 | 866 | 964 | ||||
| Total noncurrent assets: | 101,265 | 93,562 | 95,426 | 88,827 | 91,013 | 81,496 | |||
| TOTAL ASSETS: | 113,698 | 105,643 | 105,963 | 95,144 | 98,880 | 88,246 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,663 | 6,952 | 6,834 | 2,809 | 4,118 | 3,493 | |||
| Accounts payable | 6,663 | 6,952 | 6,834 | 2,809 | 4,118 | 3,493 | |||
| Debt | 1,008 | 2 | 680 | 21 | 86 | 2,655 | |||
| Derivative instruments and hedges, liabilities | 8 | 23 | 203 | 238 | 147 | 185 | |||
| Accrued environmental loss contingencies | 42 | 46 | 44 | ||||||
| Disposal group, including discontinued operation | |||||||||
| Other liabilities | 3,521 | 3,329 | 3,071 | 2,775 | 3,342 | 2,918 | |||
| Due to related parties | ✕ | ✕ | 17 | 27 | 31 | 59 | |||
| Other undisclosed current liabilities | 35 | 45 | 1 | 9 | |||||
| Total current liabilities: | 11,277 | 10,368 | 10,835 | 5,923 | 7,724 | 9,310 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 51,380 | 48,260 | 49,836 | 52,254 | 51,929 | 43,373 | |||
| Long-term debt, excluding current maturities | 51,380 | 48,260 | 49,022 | 51,417 | 51,028 | 43,373 | |||
| Liabilities, other than long-term debt | 2,628 | 2,390 | 1,763 | 1,651 | 1,435 | 4,214 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,926 | ||
| Accrued environmental loss contingencies | 235 | 228 | 247 | 262 | |||||
| Other liabilities | 1,611 | 1,341 | 1,323 | 1,152 | 1,162 | 1,184 | |||
| Operating lease, liability | 778 | 798 | 814 | 837 | 901 | ✕ | |||
| Derivative instruments and hedges, liabilities | 4 | 23 | 193 | 237 | 273 | 104 | |||
| Other undisclosed noncurrent liabilities | 3,696 | 3,473 | 3,401 | 3,166 | 3,208 | ||||
| Total noncurrent liabilities: | 57,704 | 54,123 | 55,000 | 57,071 | 56,572 | 47,587 | |||
| Total liabilities: | 68,981 | 64,491 | 65,835 | 62,994 | 64,296 | 56,897 | |||
| Temporary equity, carrying amount | 778 | 493 | 783 | 762 | 739 | 499 | |||
| Equity | |||||||||
| Equity, attributable to parent | 28 | 16 | 23 | 6 | (11) | (42) | |||
| Accumulated other comprehensive income (loss) | 28 | 16 | 23 | 6 | (11) | (42) | |||
| Equity, attributable to noncontrolling interest | 7,257 | 7,634 | 8,045 | 12,859 | 12,018 | 10,291 | |||
| Other undisclosed equity | 36,654 | 33,009 | 31,277 | 18,523 | 21,838 | 20,601 | |||
| Total equity: | 43,939 | 40,659 | 39,345 | 31,388 | 33,845 | 30,850 | |||
| TOTAL LIABILITIES AND EQUITY: | 113,698 | 105,643 | 105,963 | 95,144 | 98,880 | 88,246 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 78,586 | 89,876 | 67,417 | 38,954 | 54,213 | 54,087 | ||
| Cost of revenue | (64,938) | (76,782) | (54,233) | (32,045) | (42,948) | (44,948) | ||
| Cost of goods and services sold | (60,541) | (72,232) | (50,395) | (25,487) | (39,727) | (41,658) | ||
| Gross profit: | 13,648 | 13,094 | 13,184 | 6,909 | 11,265 | 9,139 | ||
| Operating expenses | (5,353) | (5,356) | (4,392) | (3,929) | (3,988) | (3,791) | ||
| Operating income: | 8,295 | 7,738 | 8,792 | 2,980 | 7,277 | 5,348 | ||
| Nonoperating income (expense) | 122 | 298 | 138 | (191) | (136) | 109 | ||
| Investment income, nonoperating | 36 | 208 | 61 | (203) | (241) | 47 | ||
| Other nonoperating income | 86 | 90 | 77 | 12 | 105 | 62 | ||
| Interest and debt expense | (2,576) | (2,306) | (2,305) | (2,402) | (2,349) | (2,167) | ||
| Income from continuing operations before equity method investments, income taxes: | 5,841 | 5,730 | 6,625 | 387 | 4,792 | 3,290 | ||
| Income from equity method investments | 383 | 257 | 246 | 119 | 302 | 344 | ||
| Other undisclosed loss from continuing operations before income taxes | (129) | |||||||
| Income from continuing operations before income taxes: | 6,224 | 5,987 | 6,871 | 377 | 5,094 | 3,634 | ||
| Income tax expense | (303) | (204) | (184) | (237) | (195) | (4) | ||
| Income from continuing operations: | 5,921 | 5,783 | 6,687 | 140 | 4,899 | 3,630 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 6,687 | 140 | 4,899 | 3,365 | |
| Loss from discontinued operations | (265) | |||||||
| Other undisclosed net income (loss) | (627) | 85 | ||||||
| Net income: | 5,294 | 5,868 | 6,687 | 140 | 4,899 | 3,365 | ||
| Net loss attributable to noncontrolling interest | (1,299) | (1,061) | (1,167) | (739) | (1,256) | (1,632) | ||
| Other undisclosed net loss attributable to parent | (60) | (51) | (50) | (49) | (51) | (39) | ||
| Net income (loss) attributable to parent: | 3,935 | 4,756 | 5,470 | (648) | 3,592 | 1,694 | ||
| Preferred stock dividends and other adjustments | (463) | (422) | ||||||
| Net income (loss) available to common stockholders, basic: | 3,472 | 4,334 | 5,470 | (648) | 3,592 | 1,694 | ||
| Dilutive securities, effect on basic earnings per share | (1) | (2) | (2) | (1) | 33 | |||
| Other undisclosed net income (loss) available to common stockholders, diluted | (3) | (4) | (291) | 1 | (4) | (27) | ||
| Net income (loss) available to common stockholders, diluted: | 3,468 | 4,328 | 5,177 | (647) | 3,587 | 1,700 | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 5,294 | 5,868 | 6,687 | 140 | 4,899 | 3,365 | ||
| Net loss attributable to redeemable noncontrolling interest | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive income (loss) | 12 | (4) | 20 | 15 | 31 | (43) | ||
| Comprehensive income: | 5,306 | 5,864 | 6,707 | 155 | 4,930 | 3,322 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1,299) | (1,055) | (1,170) | (739) | (1,256) | (1,632) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (60) | (51) | (50) | (49) | (51) | (39) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 3,947 | 4,758 | 5,487 | (633) | 3,623 | 1,651 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.