Enbridge Energy Partners LP (EEP) financial statements (2020 and earlier)

Company profile

Business Address 5400 WESTHEIMER COURT
HOUSTON, TX 77056
State of Incorp. DE
Fiscal Year End December 31
SIC 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments35109148198165228
Cash and cash equivalents35109148198165228
Receivables6515254649142
Inventory, net of allowances, customer advances and progress billings23135949573
Inventory23135949573
Derivative instruments and hedges, assets    2128
Prepaid expense and other current assets48
Other current assets249217321848
Other undisclosed current assets204155175399299569
Total current assets:3304015569556771,088
Noncurrent Assets
Property, plant and equipment12,89616,72317,41215,69313,17710,938
Long-term investments and receivables1,565361    
Long-term investments1,565361    
Intangible assets, net (including goodwill) 259280502510504
Goodwill   247247247
Intangible assets, net (excluding goodwill) 259280255263257
Derivative instruments and hedges    7416
Regulated entity, other noncurrent assets 37    
Other noncurrent assets37160567597538
Prepaid expense and other noncurrent assets267
Deferred tax assets, net     (3)
Other undisclosed noncurrent assets 170  (74)(13)
Total noncurrent assets:14,49817,70918,26016,79214,22511,709
TOTAL ASSETS:14,82818,11018,81617,74714,90212,797
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3272028581737171
Accounts payable74 655   
Accrued liabilities62     
Taxes payable106107104987171
Interest and dividends payable85959975  
Debt500 300612200200
Derivative instruments and hedges, liabilities9   172257
Accrued environmental loss contingencies2310096142234108
Due to related parties4821419114412144
Other liabilities2     
Other undisclosed current liabilities265861468461,196954
Total current liabilities:9351,1021,5901,9161,9931,634
Noncurrent Liabilities
Long-term debt and lease obligation6,3667,8847,7706,6754,7775,502
Long-term debt, excluding current maturities6,3667,8847,7706,6754,7775,502
Liabilities, other than long-term debt178571544448157167
Deferred tax liabilities, net 20 22173
Due to related parties 328238148  
Other liabilities17822330527812795
Derivative instruments and hedges, liabilities    1268
Other undisclosed noncurrent liabilities610730 (22)276247
Total noncurrent liabilities:7,1549,1858,3137,1025,2115,915
Total liabilities:8,08910,2889,9049,0187,2047,549
Stockholders' equity
Stockholders' equity attributable to parent(199)(339)(370)(211)(77)(321)
Accumulated other comprehensive loss(199)(339)(370)(211)(77)(321)
Stockholders' equity attributable to noncontrolling interest4,9693,8463,9453,6091,976794
Other undisclosed stockholders' equity1,9694,3165,3385,3325,7984,775
Total stockholders' equity:6,7397,8238,9128,7297,6975,248
TOTAL LIABILITIES AND EQUITY:14,82818,11018,81617,74714,90212,797

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues2,4284,4825,1467,9658,2296,706
Revenue, net 4,4825,1467,96514,2346,706
Cost of revenue(927)(1,942)(2,632)(5,384)(5,112)(4,729)
Cost of goods and services sold(290)(1,937)(2,632)(5,384)(5,100)(4,729)
Gross profit:1,5012,5402,5142,5813,1171,977
Operating expenses(380)(2,212)(1,832)(1,522)(1,565)(1,106)
Other undisclosed operating income (loss)   28(1,112)21
Operating income:1,1213286821,087440893
Nonoperating income
(Other Nonoperating income)
57322991610
Interest and debt expense(525)(446)(322)(403)(320)(345)
Other undisclosed income from continuing operations before equity method investments, income taxes    43 
Income (loss) from continuing operations before equity method investments, income taxes:653(86)389692179558
Income from equity method investments   131 
Other undisclosed income from continuing operations before income taxes47467044  
Income (loss) from continuing operations before income taxes:700(40)459750180558
Income tax expense (benefit)8(1)(5)(10)(19)(8)
Income (loss) from continuing operations:708(41)454740161550
Loss from discontinued operations(57)     
Income (loss) before gain (loss) on sale of properties:651(41)454740161550
Other undisclosed net loss    (1) 
Net income (loss):651(41)454740160550
Net loss attributable to noncontrolling interest(369)(26)(221)(263)(88)(57)
Other undisclosed net loss attributable to parent(37)(95)(101)(105)(67) 
Net income (loss) attributable to parent:245(162)1323725493
Preferred stock dividends and other adjustments(29)(90)(90)(90)(72)(13)
Net income (loss) available to common stockholders, diluted:216(252)42282(68)480

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):651(41)454740160550
Other comprehensive income (loss)14030(164)(128)244(4)
Comprehensive income (loss):791(11)290612404546
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(369)(26)(215)(270)8857
Other undisclosed comprehensive loss, net of tax, attributable to parent(37)(95)(101)(105)(245)(114)
Comprehensive income (loss), net of tax, attributable to parent:385(132)(27)237248489

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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