EnLink Midstream, LLC (ENLC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments264077100311218
Cash and cash equivalents264077100311218
Receivables958136127153164259
Inventory, net of allowances, customer advances and progress billings4945434130  
Inventory4945434130  
Derivative instruments and hedges, assets222513297117
Other current assets8459587441  
Other undisclosed current assets644403417665547596200
Total current assets:9206516441,036809773494
Noncurrent Assets
Property, plant and equipment6,3886,6527,0816,8476,5876,2575,667
Long-term investments and receivables      274
Long-term investments      274
Intangible assets, net (including goodwill)1,0501,1251,4352,6843,0393,1663,104
Goodwill  1851,3101,5421,5422,414
Intangible assets, net (excluding goodwill)1,0501,1251,2501,3741,4971,624690
Derivative instruments and hedges0544   
Deferred costs     25 
Other noncurrent assets97761284313227
Other undisclosed noncurrent assets284243808953 
Total noncurrent assets:7,5637,9008,6919,6589,7299,5039,071
TOTAL ASSETS:8,4838,5519,33610,69410,53810,2769,565
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities343210277354290287208
Accounts payable1406171106676933
Accrued liabilities203149206248223218175
Debt 35021400   
Derivative instruments and hedges, liabilities35371422883
Provision for loss on contracts   92745 
Due to related parties2114161015
Other undisclosed current liabilities520291334491699538207
Total current liabilities:8998886471,2801,040888432
Noncurrent Liabilities
Long-term debt and lease obligation4,4314,3154,8464,0313,5423,2953,090
Long-term debt, excluding current maturities4,3644,2444,7644,0313,5423,2953,090
Operating lease, liability677182
Liabilities, other than long-term debt2342061133748599611
Asset retirement obligations 141615141413
Deferred tax liabilities, net  543532
Deferred income tax liabilities138109 
Other liabilities94819120344366
Derivative instruments and hedges, liabilities2372  0
Total noncurrent liabilities:4,6644,5214,9594,0683,5903,8943,701
Total liabilities:5,5635,4095,6065,3484,6304,7814,133
Temporary equity, carrying amount      7
Stockholders' equity
Stockholders' equity attributable to parent, including:(1)(15)(11)(2)(2) 2,286
Accumulated other comprehensive loss(1)(15)(11)(2)(2)  
Other undisclosed stockholders' equity attributable to parent      2,286
Stockholders' equity attributable to noncontrolling interest      3,139
Total stockholders' equity:(1)(15)(11)(2)(2) 5,425
Other undisclosed liabilities and equity2,9213,1573,7405,3485,9105,495 
TOTAL LIABILITIES AND EQUITY:8,4838,5519,33610,69410,53810,2769,565

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,6863,8946,0537,6995,7404,2524,452
Revenue, net4,9113,4763,705
Cost of revenue(5,553)(2,762)(4,913)(6,461)(4,780)(3,427)(5,616)
Cost of goods and services sold(5,190)(2,389)(4,393)(6,008)(4,362)(3,016)(3,245)
Other undisclosed gross profit  53  131,951
Gross profit:1,1331,1321,1931,238959838787
Operating expenses(715)(1,114)(1,901)(1,084)(665)(1,500)(138)
Other undisclosed operating loss  (53)  (13)(1,951)
Operating income (loss):41918(761)154294(675)(1,302)
Nonoperating expense(250)(190)(232)(168)(171)(209)(82)
Investment income, nonoperating(159)      
Interest and debt expense3232(0) 9(4)(3)
Income (loss) from continuing operations before equity method investments, income taxes:200(140)(993)(15)132(888)(1,387)
Other undisclosed income (loss) from continuing operations before income taxes(32)(32)0 (9)43
Income (loss) from continuing operations before income taxes:168(172)(993)(15)123(884)(1,384)
Income tax expense (benefit)(25)(143)(7)(18)197(5)(26)
Net income (loss):143(316)(1,000)(33)320(888)(1,410)
Net income (loss) attributable to noncontrolling interest(121)(106)(120)20(107)4281,055
Net income (loss) available to common stockholders, diluted:22(422)(1,119)(13)213(460)(355)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):143(316)(1,000)(33)320(888)(1,410)
Other comprehensive income (loss)(4)1300  
Other undisclosed comprehensive income (loss)18(6)(12)(0)(2)  
Comprehensive income (loss):157(320)(1,009)(33)318(888)(1,410)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(121)(106)(120)20(106)4281,055
Comprehensive income (loss), net of tax, attributable to parent:36(426)(1,128)(13)212(460)(355)

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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