Energy Transfer LP (ET) Financial Statements (2024 and earlier)

Company Profile

Business Address 8111 WESTCHESTER DRIVE
DALLAS, TX 75225
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4922 - Natural Gas Transmission (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 257336367291419336
Cash and cash equivalents 257336367291419336
Receivables8,6277,7403,9895,3434,1934,693
Inventory, net of allowances, customer advances and progress billings2,4612,0141,7391,9351,6772,022
Inventory2,4612,0141,7391,9351,6772,022
Derivative instruments and hedges, assets101092311124
Disposal group, including discontinued operation      3,313
Other current assets726437213275350295
Other undisclosed current assets      
Total current assets:12,08110,5376,3177,8676,75010,683
Noncurrent Assets
Property, plant and equipment80,31181,60775,10774,19366,96361,088
Long-term investments and receivables2,8932,9473,0603,4602,6422,705
Long-term investments2,8932,9473,0603,4602,6422,705
Intangible assets, net (including goodwill)7,9818,3898,13711,32110,88510,884
Goodwill2,5662,5332,3915,1674,8854,768
Intangible assets, net (excluding goodwill)5,4155,8565,7466,1546,0006,116
Derivative instruments and hedges      
Other noncurrent assets1,5581,6451,6571,0751,006886
Other undisclosed noncurrent assets819838866964  
Total noncurrent assets:93,56295,42688,82791,01381,49675,563
TOTAL ASSETS:105,643105,96395,14498,88088,24686,246
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,9526,8342,8094,1183,4934,685
Accounts payable6,9526,8342,8094,1183,4934,685
Debt268021862,655413
Derivative instruments and hedges, liabilities23203238147185111
Accrued environmental loss contingencies 4644   
Disposal group, including discontinued operation      75
Due to related parties17 27315931
Other liabilities3,3293,0712,7753,3422,9182,582
Other undisclosed current liabilities4519   
Total current liabilities:10,36810,8355,9237,7249,3107,897
Noncurrent Liabilities
Long-term debt and lease obligation48,26049,83652,25451,92943,37343,671
Long-term debt, excluding current maturities48,26049,02251,41751,02843,37343,671
Liabilities, other than long-term debt2,3901,7631,6511,4354,2144,677
Deferred tax liabilities, net2,9263,315
Accrued environmental loss contingencies228247262   
Other liabilities1,3411,3231,1521,1621,1841,217
Operating lease, liability798814837901
Derivative instruments and hedges, liabilities 23193237273104145
Other undisclosed noncurrent liabilities3,4733,4013,1663,208  
Total noncurrent liabilities:54,12355,00057,07156,57247,58748,348
Total liabilities:64,49165,83562,99464,29656,89756,245
Temporary equity, carrying amount49378376273949921
Equity
Equity, attributable to parent16236(11)(42) 
Accumulated other comprehensive income (loss)16236(11)(42) 
Equity, attributable to noncontrolling interest 7,6348,04512,85912,01810,29131,176
Other undisclosed equity33,00931,27718,52321,83820,601(1,196)
Total equity:40,65939,34531,38833,84530,85029,980
TOTAL LIABILITIES AND EQUITY:105,643105,96395,14498,88088,24686,246

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues89,87667,41738,95454,21354,08740,523
Revenue, net17,404
Cost of revenue(76,782)(54,233)(32,045)(42,948)(44,948)(34,559)
Cost of goods and services sold(72,232)(50,395)(25,487)(39,727)(41,658)(30,966)
Gross profit:13,09413,1846,90911,2659,1395,964
Operating expenses(5,356)(4,392)(3,929)(3,988)(3,791)(3,251)
Operating income:7,7388,7922,9807,2775,3482,713
Nonoperating income (expense)298138(191)(136)109177
Investment income, nonoperating20861(203)(241)47(37)
Other nonoperating income90771210562214
Interest and debt expense(2,306)(2,305)(2,402)(2,349)(2,167)(2,011)
Income from continuing operations before equity method investments, income taxes:5,7306,6253874,7923,290879
Income from equity method investments257246119302344144
Other undisclosed loss from continuing operations before income taxes   (129)  (313)
Income from continuing operations before income taxes:5,9876,8713775,0943,634710
Income tax expense (benefit)(204)(184)(237)(195)(4)1,833
Income from continuing operations:5,7836,6871404,8993,6302,543
Income before gain (loss) on sale of properties:6,6871404,8993,3652,366
Loss from discontinued operations     (265)(177)
Other undisclosed net income (loss)85     
Net income:5,8686,6871404,8993,3652,366
Net loss attributable to noncontrolling interest(1,061)(1,167)(739)(1,256)(1,632)(1,412)
Other undisclosed net loss attributable to parent(51)(50)(49)(51)(39) 
Net income (loss) attributable to parent:4,7565,470(648)3,5921,694954
Preferred stock dividends and other adjustments(422)     
Net income (loss) available to common stockholders, basic:4,3345,470(648)3,5921,694954
Dilutive securities, effect on basic earnings per share(2)(2) (1)3338
Other undisclosed net income (loss) available to common stockholders, diluted(4)(291)1(4)(27)(34)
Net income (loss) available to common stockholders, diluted:4,3285,177(647)3,5871,700958

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:5,8686,6871404,8993,3652,366
Other comprehensive income (loss)(4)201531(43)(5)
Comprehensive income:5,8646,7071554,9303,3222,361
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,055)(1,170)(739)(1,256)(1,632)(1,407)
Other undisclosed comprehensive loss, net of tax, attributable to parent(51)(50)(49)(51)(39) 
Comprehensive income (loss), net of tax, attributable to parent:4,7585,487(633)3,6231,651954

Statements Sources

The financial statements are based on the Company's filings with 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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