ENERGY TRANSFER OPERATING, L.P. (ETP) financial statements (2021 and earlier)

Company profile

Business Address 8111 WESTCHESTER DRIVE
DALLAS, TX 75225
State of Incorp.
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3662534183064137 
Cash and cash equivalents3662534183064137 
Receivables3,9894,7554,2584,3991,5991,185 
Inventory, net of allowances, customer advances and progress billings1,7391,8471,6771,589934607 
Inventory1,7391,8471,6771,589934607 
Derivative instruments and hedges, assets92311124   
Other current assets2222823562103119 
Other undisclosed current assets    301  
Total current assets:6,3257,1606,8206,5282,9061,848 
Noncurrent Assets
Property, plant and equipment74,81969,97166,65558,43712,32410,692 
Long-term investments and receivables4,9388,9443,0763,816952802 
Long-term investments3,0553,0182,6363,816952802 
Due from related parties1,8835,926440    
Intangible assets, net (including goodwill)8,13710,59710,8858,4262,5862,076 
Goodwill2,3914,9024,8853,1151,6091,358 
Intangible assets, net (excluding goodwill)5,7465,6956,0005,311977718 
Other noncurrent assets1,6579761,0067588171 
Other undisclosed noncurrent assets866877     
Total noncurrent assets:90,41791,36581,62271,43715,94313,641 
TOTAL ASSETS:96,74298,52588,44277,96518,84915,489 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,8093,6253,4914,1262,0751,624 
Accounts payable2,8093,6253,4914,1261,7501,251 
Accrued liabilities    287329 
Taxes payable    3844 
Debt21662,655407   
Derivative instruments and hedges, liabilities238147185109   
Accrued environmental loss contingencies44      
Due to related parties177271192096339 
Other liabilities2,7693,2162,8472,143   
Other undisclosed current liabilities9      
Total current liabilities:6,0677,0819,2976,9942,1381,663 
Noncurrent Liabilities
Long-term debt and lease obligation52,18251,15037,85332,6877,3135,591 
Long-term debt, excluding current maturities51,34550,33437,85332,6877,3135,591 
Operating lease, liability837816
Liabilities, other than long-term debt, including:1,6511,6564,1724,11213312514
Deferred tax liabilities, net2,8842,883   
Accrued environmental loss contingencies262274  4614
Other liabilities1,1521,1091,1841,084   
Derivative instruments and hedges, liabilities237273104145   
Other undisclosed liabilities, other than long-term debt    129119 
Other undisclosed noncurrent liabilities3,1302,839  257254 
Total noncurrent liabilities:56,96355,64542,02536,7997,7035,97014
Total liabilities:63,03062,72651,32243,7939,8417,63314
Temporary equity, carrying amount76249249921315301 
Stockholders' equity
Stockholders' equity attributable to parent, including:6(18)(42)38,6607,521 
Accumulated other comprehensive income (loss)6(18)(42)3   
Other undisclosed stockholders' equity attributable to parent    8,6607,521 
Stockholders' equity attributable to noncontrolling interest8,0968,0187,9035,8823334 
Other undisclosed stockholders' equity24,84827,30728,76028,266   
Total stockholders' equity:32,95035,30736,62134,1518,6937,555 
TOTAL LIABILITIES AND EQUITY:96,74298,52588,44277,96518,84915,48914

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues38,95454,03254,08729,0549,15110,486 
Revenue, net17,910436515 
Cost of revenue(32,737)(43,480)(45,596)(24,487)(8,214)(9,792) 
Cost of goods and services sold(25,487)(39,603)(41,658)(20,801)(7,828)(9,145) 
Gross profit:6,21710,5528,4914,567937694 
Operating expenses(3,218)(3,267)(3,089)(2,170)(122)(164)(67)
Operating income (loss):2,9997,2855,4022,397815530(67)
Nonoperating income (expense)(44)62116172   
Investment income, nonoperating(203)(241)47(37)   
Other nonoperating income15930369209   
Interest and debt expense(2,395)(2,259)(1,818)(1,407)(270)(210) 
Income (loss) from continuing operations before equity method investments, income taxes:5605,0883,7001,162545320(67)
Income from equity method investments119298344156   
Other undisclosed income (loss) from continuing operations before income taxes(129)  (313)19198 
Income (loss) from continuing operations before income taxes:5505,3864,0441,005736418(67)
Income tax expense (benefit)(239)(200)(5)1,496(27)(21) 
Income (loss) from continuing operations:3115,1864,0392,501709397(67)
Loss from discontinued operations  (265)    
Net income (loss):3115,1863,7742,501709397(67)
Net loss attributable to noncontrolling interest(410)(1,051)(715)(420)(3)(3) 
Other undisclosed net loss attributable to parent(43)(51)(34) (1)(1) 
Net income (loss) attributable to parent:(142)4,0843,0252,081705393(67)
Preferred stock dividends and other adjustments    (14)  
Net income (loss) available to common stockholders, basic:(142)4,0843,0252,081691393(67)
Other undisclosed net loss available to common stockholders, diluted   (1,113)   
Net income (loss) available to common stockholders, diluted:(142)4,0843,025968691393(67)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):3115,1863,7742,501709397(67)
Other comprehensive income (loss)4424(43)(5) (1) 
Other undisclosed comprehensive income38      
Comprehensive income (loss):3935,2103,7312,496709396(67)
Comprehensive loss, net of tax, attributable to noncontrolling interest(410)(1,051)(715)(420)(3)(3) 
Other undisclosed comprehensive loss, net of tax, attributable to parent(43)(51)(34) (1)(1) 
Comprehensive income (loss), net of tax, attributable to parent:(60)4,1082,9822,076705392(67)

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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