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 investments | 102 | 100 | 31 | 12 | 18 | 68 | ||
| Cash and cash equivalents | 102 | 100 | 31 | 12 | 18 | 68 | ||
| Receivables | 44 | 127 | 153 | 164 | 259 | 381 | ||
| Inventory, net of allowances, customer advances and progress billings | 50 | 41 | 30 | |||||
| Inventory | 50 | 41 | 30 | |||||
| Derivative instruments and hedges, assets | 10 | 29 | 7 | 1 | 17 | 17 | ||
| Other current assets | 69 | 74 | 41 | |||||
| Other undisclosed current assets | 401 | 665 | 547 | 596 | 200 | 181 | ||
| Total current assets: | 675 | 1,036 | 809 | 773 | 494 | 647 | ||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 7,084 | 6,847 | 6,587 | 6,257 | 5,667 | 4,934 | ||
| Long-term investments and receivables | 79 | 274 | 271 | |||||
| Long-term investments | 79 | 274 | 271 | |||||
| Intangible assets, net (including goodwill) | 2,405 | 2,684 | 3,039 | 3,166 | 3,104 | 4,218 | ||
| Goodwill | 1,124 | 1,310 | 1,542 | 1,542 | 2,414 | 3,685 | ||
| Intangible assets, net (excluding goodwill) | 1,281 | 1,374 | 1,497 | 1,624 | 690 | 533 | ||
| Derivative instruments and hedges | 8 | 4 | ||||||
| Deferred costs | 25 | 18 | ||||||
| Other noncurrent assets | 134 | 43 | 13 | 2 | 27 | 18 | ||
| Other undisclosed noncurrent assets | 80 | 89 | 53 | (8) | ||||
| Total noncurrent assets: | 9,710 | 9,658 | 9,729 | 9,503 | 9,071 | 9,450 | ||
| TOTAL ASSETS: | 10,384 | 10,694 | 10,538 | 10,276 | 9,565 | 10,097 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 374 | 354 | 290 | 287 | 208 | 218 | ||
| Accounts payable | 92 | 106 | 67 | 69 | 33 | 109 | ||
| Accrued liabilities | 282 | 248 | 223 | 218 | 175 | 92 | ||
| Interest and dividends payable | 17 | |||||||
| Debt | 21 | 400 | ||||||
| Derivative instruments and hedges, liabilities | 10 | 22 | 8 | 8 | 3 | 3 | ||
| Provision for loss on contracts | 9 | 27 | 45 | 20 | ||||
| Asset retirement obligation | 8 | |||||||
| Due to related parties | 4 | 4 | 16 | 10 | 15 | 3 | ||
| Other undisclosed current liabilities | 303 | 491 | 699 | 538 | 207 | 228 | ||
| Total current liabilities: | 711 | 1,280 | 1,040 | 888 | 432 | 480 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 4,771 | 4,031 | 3,542 | 3,295 | 3,090 | 2,023 | ||
| Long-term debt, excluding current maturities | 4,688 | 4,031 | 3,542 | 3,295 | 3,090 | 2,023 | ||
| Operating lease, liability | 82 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 116 | 37 | 48 | 599 | 611 | 623 | ||
| Asset retirement obligations | 15 | 15 | 14 | 14 | 13 | 11 | ||
| Deferred tax liabilities, net | ✕ | 543 | 532 | 527 | ||||
| Other liabilities | 91 | 20 | 34 | 43 | 66 | 84 | ||
| Derivative instruments and hedges, liabilities | 10 | 2 | 0 | 2 | ||||
| Total noncurrent liabilities: | 4,887 | 4,068 | 3,590 | 3,894 | 3,701 | 2,646 | ||
| Total liabilities: | 5,598 | 5,348 | 4,630 | 4,781 | 4,133 | 3,126 | ||
| Temporary equity, carrying amount | 7 | |||||||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | (13) | (2) | (2) | 2,286 | 2,774 | |||
| Accumulated other comprehensive loss | (13) | (2) | (2) | |||||
| Other undisclosed stockholders' equity attributable to parent | 2,286 | 2,774 | ||||||
| Stockholders' equity attributable to noncontrolling interest | 3,139 | 4,197 | ||||||
| Total stockholders' equity: | (13) | (2) | (2) | 5,425 | 6,971 | |||
| Other undisclosed liabilities and equity | 4,800 | 5,348 | 5,910 | 5,495 | ||||
| TOTAL LIABILITIES AND EQUITY: | 10,384 | 10,694 | 10,538 | 10,276 | 9,565 | 10,097 | ||
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 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 6,956 | 7,699 | 5,740 | 4,252 | 4,452 | 3,500 | |
| Revenue, net | ✕ | ✕ | 4,911 | 3,476 | 3,705 | 3,478 | |
| 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 profit | 53 | 13 | 1,951 | 2 | |||
| Gross profit: | 1,221 | 1,238 | 959 | 838 | 787 | 734 | |
| Operating expenses | (1,297) | (1,084) | (665) | (1,500) | (138) | (375) | |
| Other undisclosed operating loss | (53) | (13) | (1,951) | (2) | |||
| Operating income (loss): | (129) | 154 | 294 | (675) | (1,302) | 356 | |
| Nonoperating expense | (193) | (168) | (171) | (209) | (82) | (6) | |
| Investment income, nonoperating | 2 | 22 | |||||
| Other nonoperating income (expense) | 0 | 1 | 1 | 0 | 1 | (28) | |
| Interest and debt expense | (2) | 9 | (4) | (3) | 1 | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 3 | ||||||
| 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) | 4 | 3 | (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 interest | 83 | 20 | (107) | 428 | 1,055 | (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 income | 4 | 0 | 0 | ||||
| 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 interest | 83 | 20 | (106) | 428 | 1,055 | (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.