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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10210031121868
Cash and cash equivalents10210031121868
Receivables44127153164259381
Inventory, net of allowances, customer advances and progress billings504130   
Inventory504130   
Derivative instruments and hedges, assets1029711717
Other current assets697441   
Other undisclosed current assets401665547596200181
Total current assets:6751,036809773494647
Noncurrent Assets
Property, plant and equipment7,0846,8476,5876,2575,6674,934
Long-term investments and receivables79   274271
Long-term investments79   274271
Intangible assets, net (including goodwill)2,4052,6843,0393,1663,1044,218
Goodwill1,1241,3101,5421,5422,4143,685
Intangible assets, net (excluding goodwill)1,2811,3741,4971,624690533
Derivative instruments and hedges84    
Deferred costs   25 18
Other noncurrent assets134431322718
Other undisclosed noncurrent assets 808953 (8)
Total noncurrent assets:9,7109,6589,7299,5039,0719,450
TOTAL ASSETS:10,38410,69410,53810,2769,56510,097
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities374354290287208218
Accounts payable92106676933109
Accrued liabilities28224822321817592
Interest and dividends payable     17
Debt21400    
Derivative instruments and hedges, liabilities10228833
Provision for loss on contracts 92745 20
Asset retirement obligation     8
Due to related parties441610153
Other undisclosed current liabilities303491699538207228
Total current liabilities:7111,2801,040888432480
Noncurrent Liabilities
Long-term debt and lease obligation4,7714,0313,5423,2953,0902,023
Long-term debt, excluding current maturities4,6884,0313,5423,2953,0902,023
Operating lease, liability82
Liabilities, other than long-term debt1163748599611623
Asset retirement obligations151514141311
Deferred tax liabilities, net  543532527
Other liabilities912034436684
Derivative instruments and hedges, liabilities102  02
Total noncurrent liabilities:4,8874,0683,5903,8943,7012,646
Total liabilities:5,5985,3484,6304,7814,1333,126
Temporary equity, carrying amount    7 
Stockholders' equity
Stockholders' equity attributable to parent, including:(13)(2)(2) 2,2862,774
Accumulated other comprehensive loss(13)(2)(2)   
Other undisclosed stockholders' equity attributable to parent    2,2862,774
Stockholders' equity attributable to noncontrolling interest    3,1394,197
Total stockholders' equity:(13)(2)(2) 5,4256,971
Other undisclosed liabilities and equity4,8005,3485,9105,495  
TOTAL LIABILITIES AND EQUITY:10,38410,69410,53810,2769,56510,097

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6,9567,6995,7404,2524,4523,500
Revenue, net4,9113,4763,7053,478
Cost of revenue(5,788)(6,461)(4,780)(3,427)(5,616)(2,769)
Cost of goods and services sold(5,267)(6,008)(4,362)(3,016)(3,245)(2,495)
Other undisclosed gross profit53  131,9512
Gross profit:1,2211,238959838787734
Operating expenses(1,297)(1,084)(665)(1,500)(138)(375)
Other undisclosed operating loss(53)  (13)(1,951)(2)
Operating income (loss):(129)154294(675)(1,302)356
Nonoperating expense(193)(168)(171)(209)(82)(6)
Investment income, nonoperating2    22
Other nonoperating income (expense)01101(28)
Interest and debt expense(2) 9(4)(3)1
Other undisclosed income from continuing operations before equity method investments, income taxes3     
Income (loss) from continuing operations before equity method investments, income taxes:(320)(15)132(888)(1,387)352
Income from equity method investments     19
Other undisclosed income (loss) from continuing operations before income taxes(2) (9)43(42)
Income (loss) from continuing operations before income taxes:(322)(15)123(884)(1,384)328
Income tax expense (benefit)(4)(18)197(5)(26)(76)
Income (loss) from continuing operations:(325)(33)320(888)(1,410)252
Income from discontinued operations     1
Net income (loss):(325)(33)320(888)(1,410)253
Net income (loss) attributable to noncontrolling interest8320(107)4281,055(127)
Net income (loss) available to common stockholders, diluted:(242)(13)213(460)(355)126

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(325)(33)320(888)(1,410)253
Other comprehensive income400   
Other undisclosed comprehensive loss(15)(0)(2)   
Comprehensive income (loss):(337)(33)318(888)(1,410)253
Comprehensive income (loss), net of tax, attributable to noncontrolling interest8320(106)4281,055(127)
Comprehensive income (loss), net of tax, attributable to parent:(253)(13)212(460)(355)126

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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