Energy Transfer LP (ET) financial statements (2022 and earlier)

Company profile

Business Address 8111 WESTCHESTER DRIVE
DALLAS, TX 75225
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 investments336367291419336483606
Cash and cash equivalents336367291419336483606
Receivables7,7403,9895,3434,1934,6933,6042,519
Inventory, net of allowances, customer advances and progress billings2,0141,7391,9351,6772,0222,2911,636
Inventory2,0141,7391,9351,6772,0222,2911,636
Derivative instruments and hedges, assets10923111242146
Disposal group, including discontinued operation    3,313  
Other current assets437213275350295586572
Other undisclosed current assets      31
Total current assets:10,5376,3177,8676,75010,6836,9855,410
Noncurrent Assets
Property, plant and equipment81,60775,10774,19366,96361,08855,43848,683
Long-term investments and receivables2,9473,0603,4602,6422,7053,0403,462
Long-term investments2,9473,0603,4602,6422,7053,0403,462
Intangible assets, net (including goodwill)8,3898,13711,32110,88510,88412,73012,904
Goodwill2,5332,3915,1674,8854,7686,7387,473
Intangible assets, net (excluding goodwill)5,8565,7466,1546,0006,1165,9925,431
Other noncurrent assets1,6451,6571,0751,006886818730
Other undisclosed noncurrent assets838866964    
Total noncurrent assets:95,42688,82791,01381,49675,56372,02665,779
TOTAL ASSETS:105,96395,14498,88088,24686,24679,01171,189
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,8342,8094,1183,4934,6853,5022,274
Accounts payable6,8342,8094,1183,4934,6853,5022,274
Debt68021862,6554131,194131
Derivative instruments and hedges, liabilities20323814718511117269
Accrued environmental loss contingencies4644    42
Due to related parties 273159314228
Disposal group, including discontinued operation    75  
Other liabilities3,0712,7753,3422,9182,5822,3672,302
Other undisclosed current liabilities19    64
Total current liabilities:10,8355,9237,7249,3107,8977,2774,910
Noncurrent Liabilities
Long-term debt and lease obligation49,83652,25451,92943,37343,67142,60836,837
Long-term debt, excluding current maturities49,02251,41751,02843,37343,67142,60836,837
Operating lease, liability814837901
Liabilities, other than long-term debt1,7631,6511,4354,2144,6776,5615,796
Deferred tax liabilities, net2,9263,3155,1124,590
Accrued environmental loss contingencies247262     
Due to related parties     250 
Other liabilities1,3231,1521,1621,1841,2171,1231,069
Derivative instruments and hedges, liabilities19323727310414576137
Other undisclosed noncurrent liabilities3,4013,1663,208  1515
Total noncurrent liabilities:55,00057,07156,57247,58748,34849,18442,648
Total liabilities:65,83562,99464,29656,89756,24556,46147,558
Temporary equity, carrying amount783762739499213333
Stockholders' equity
Stockholders' equity attributable to parent236(11)(42)   
Accumulated other comprehensive income (loss)236(11)(42)   
Stockholders' equity attributable to noncontrolling interest8,04512,85912,01810,29131,17624,21124,530
Other undisclosed stockholders' equity31,27718,52321,83820,601(1,196)(1,694)(932)
Total stockholders' equity:39,34531,38833,84530,85029,98022,51723,598
TOTAL LIABILITIES AND EQUITY:105,96395,14498,88088,24686,24679,01171,189

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
Revenues67,41738,95454,21354,08740,52337,50442,126
Revenue, net17,40415,02418,848
Cost of revenue(54,233)(32,045)(42,948)(44,948)(34,559)(32,494)(36,435)
Cost of goods and services sold(50,395)(25,487)(39,727)(41,658)(30,966)(28,929)(34,258)
Gross profit:13,1846,90911,2659,1395,9645,0105,691
Operating expenses(4,392)(3,929)(3,988)(3,791)(3,251)(3,511)(3,292)
Operating income:8,7922,9807,2775,3482,7131,4992,399
Nonoperating income (expense)138(191)(136)1091771954
Investment income, nonoperating61(203)(241)47(37)71(18)
Other nonoperating income77121056221412422
Interest and debt expense(2,305)(2,402)(2,349)(2,167)(2,011)(1,832)(1,686)
Income (loss) from continuing operations before equity method investments, income taxes:6,6253874,7923,290879(138)717
Income from equity method investments246119302344144270276
Other undisclosed loss from continuing operations before income taxes (129)  (313)(308) 
Income (loss) from continuing operations before income taxes:6,8713775,0943,634710(176)993
Income tax expense (benefit)(184)(237)(195)(4)1,833217100
Income from continuing operations:6,6871404,8993,6302,543411,093
Loss from discontinued operations   (265)(177)  
Net income:6,6871404,8993,3652,366411,093
Net income (loss) attributable to noncontrolling interest(1,167)(739)(1,256)(1,632)(1,412)95496
Other undisclosed net loss attributable to parent(50)(49)(51)(39)   
Net income (loss) available to common stockholders, basic:5,470(648)3,5921,6949549951,189
Dilutive securities, effect on basic earnings per share(2) (1)33389(2)
Other undisclosed net income (loss) available to common stockholders, diluted(291)1(4)(27)(34)(12)(6)
Net income (loss) available to common stockholders, diluted:5,177(647)3,5871,7009589921,181

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:6,6871404,8993,3652,366411,093
Other comprehensive income (loss)201531(43)(5)460
Comprehensive income:6,7071554,9303,3222,361451,153
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,170)(739)(1,256)(1,632)(1,407)95041
Other undisclosed comprehensive loss, net of tax, attributable to parent(50)(49)(51)(39)   
Comprehensive income (loss), net of tax, attributable to parent:5,487(633)3,6231,6519549951,194

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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