Energy Transfer L.P. (ET) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments291419336483606847590
Cash and cash equivalents291419336483606847590
Receivables5,3434,1934,6933,6042,5193,4133,721
Inventory, net of allowances, customer advances and progress billings1,9351,6772,0222,2911,6361,4671,807
Inventory1,9351,6772,0222,2911,6361,4671,807
Derivative instruments and hedges, assets231112421468139
Disposal group, including discontinued operation  3,313    
Deferred tax assets    14 
Other current assets275350295586572301312
Other undisclosed current assets    313067
Total current assets:7,8676,75010,6836,9855,4106,1536,536
Noncurrent Assets
Property, plant and equipment74,19366,96361,08855,43848,68340,29230,682
Long-term investments and receivables3,4602,6422,7053,0403,4623,6594,014
Long-term investments3,4602,6422,7053,0403,4623,6594,014
Intangible assets, net (including goodwill)11,32110,88510,88412,73012,90413,4478,158
Goodwill5,1674,8854,7686,7387,4737,8655,894
Intangible assets, net (excluding goodwill)6,1546,0006,1165,9925,4315,5822,264
Derivative instruments and hedges     1018
Regulated entity, other noncurrent assets     8586
Restricted cash and investments     177378
Deferred costs     220144
Other noncurrent assets1,0751,006886818730908922
Other undisclosed noncurrent assets964    (482)(608)
Total noncurrent assets:91,01381,49675,56372,02665,77958,31643,794
TOTAL ASSETS:98,88088,24686,24679,01171,18964,46950,330
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1183,4934,6853,5022,2744,4393,838
Accounts payable4,1183,4934,6853,5022,2743,3493,834
Accrued liabilities     363 
Employee-related liabilities     233 
Taxes payable     544
Interest and dividends payable     440 
Debt862,6554131,1941311,008637
Derivative instruments and hedges, liabilities147185111172692153
Accrued environmental loss contingencies    424147
Due to related parties31593142281914
Disposal group, including discontinued operation  75    
Deferred tax liabilities    85119
Customer advances and deposits   103
Other liabilities3,3422,9182,5822,3672,3022,2011,678
Other undisclosed current liabilities    64(1,135)114
Total current liabilities:7,7249,3107,8977,2774,9106,7826,500
Noncurrent Liabilities
Long-term debt and lease obligation51,92943,37343,67142,60836,83729,65322,562
Long-term debt, excluding current maturities51,02843,37343,67142,60836,83729,65322,562
Operating lease, liability901
Liabilities, other than long-term debt1,4354,2144,6776,5615,7966,0325,313
Deferred tax liabilities, net2,9263,3155,1124,5904,3253,865
Accrued environmental loss contingencies     360356
Due to related parties   250   
Other liabilities1,1621,1841,2171,1231,0691,1931,019
Derivative instruments and hedges, liabilities2731041457613715473
Other undisclosed noncurrent liabilities3,208  1515(345)(356)
Total noncurrent liabilities:56,57247,58748,34849,18442,64835,34027,519
Total liabilities:64,29656,89756,24556,46147,55842,12234,019
Temporary equity, carrying amount7394992133333332
Stockholders' equity
Stockholders' equity attributable to parent(11)(42)   (5)9
Accumulated other comprehensive income (loss)(11)(42)   (5)9
Stockholders' equity attributable to noncontrolling interest12,01810,29131,17624,21124,53021,65015,201
Other undisclosed stockholders' equity21,83820,601(1,196)(1,694)(932)6691,069
Total stockholders' equity:33,84530,85029,98022,51723,59822,31416,279
TOTAL LIABILITIES AND EQUITY:98,88088,24686,24679,01171,18964,46950,330

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues54,21354,08740,52337,50442,12655,69148,335
Revenue, net17,40415,02418,84825,98823,862
Cost of revenue(42,948)(44,948)(34,559)(32,494)(36,435)(50,484)(44,641)
Cost of goods and services sold(39,727)(41,658)(30,966)(28,929)(34,258)(48,862)(42,582)
Other undisclosed gross profit     2,0952,087
Gross profit:11,2659,1395,9645,0105,6917,3025,781
Operating expenses(3,988)(3,791)(3,251)(3,511)(3,292)(2,737)(2,143)
Other undisclosed operating loss     (2,095)(2,087)
Operating income:7,2775,3482,7131,4992,3992,4701,551
Nonoperating income (expense)(136)1091771954(68)52
Investment income, nonoperating(241)47(37)71(18)(57)53
Other nonoperating income (expense)1056221412422(11)(1)
Interest and debt expense(2,349)(2,167)(2,011)(1,832)(1,686)(1,394)(1,383)
Income (loss) from continuing operations before equity method investments, income taxes:4,7923,290879(138)7171,008220
Income from equity method investments302344144270276332236
Other undisclosed income (loss) from continuing operations before income taxes  (313)(308) 77(81)
Income (loss) from continuing operations before income taxes:5,0943,634710(176)9931,417375
Income tax expense (benefit)(195)(4)1,833217100(357)(93)
Income from continuing operations:4,8993,6302,543411,0931,060282
Income (loss) from discontinued operations (265)(177)  6433
Net income:4,8993,3652,366411,0931,124315
Net income (loss) attributable to noncontrolling interest(1,256)(1,632)(1,412)95496(491)(119)
Other undisclosed net loss attributable to parent(51)(39)     
Net income attributable to parent:3,5921,6949549951,189633196
Preferred stock dividends and other adjustments     (40)(40)
Net income available to common stockholders, basic:3,5921,6949549951,189593156
Dilutive securities, effect on basic earnings per share(1)33389(2)  
Other undisclosed net income (loss) available to common stockholders, diluted(4)(27)(34)(12)(6)2727
Net income available to common stockholders, diluted:3,5871,7009589921,181620183

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:4,8993,3652,366411,0931,124315
Other comprehensive income (loss)31(43)(5)460(117)79
Comprehensive income:4,9303,3222,361451,1531,007394
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,256)(1,632)(1,407)95041(388)181
Other undisclosed comprehensive loss, net of tax, attributable to parent(51)(39)    (362)
Comprehensive income, net of tax, attributable to parent:3,6231,6519549951,194619213

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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