Energy Transfer L.P. (ET) financial statements (2021 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)

12/31/2020
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 investments367291419336483606847
Cash and cash equivalents367291419336483606847
Receivables3,9895,3434,1934,6933,6042,5193,413
Inventory, net of allowances, customer advances and progress billings1,7391,9351,6772,0222,2911,6361,467
Inventory1,7391,9351,6772,0222,2911,6361,467
Derivative instruments and hedges, assets92311124214681
Disposal group, including discontinued operation   3,313   
Deferred tax assets    14
Other current assets213275350295586572301
Other undisclosed current assets     3130
Total current assets:6,3177,8676,75010,6836,9855,4106,153
Noncurrent Assets
Property, plant and equipment75,10774,19366,96361,08855,43848,68340,292
Long-term investments and receivables3,0603,4602,6422,7053,0403,4623,659
Long-term investments3,0603,4602,6422,7053,0403,4623,659
Intangible assets, net (including goodwill)8,13711,32110,88510,88412,73012,90413,447
Goodwill2,3915,1674,8854,7686,7387,4737,865
Intangible assets, net (excluding goodwill)5,7466,1546,0006,1165,9925,4315,582
Derivative instruments and hedges      10
Regulated entity, other noncurrent assets      85
Restricted cash and investments      177
Deferred costs      220
Other noncurrent assets1,6571,0751,006886818730908
Other undisclosed noncurrent assets866964    (482)
Total noncurrent assets:88,82791,01381,49675,56372,02665,77958,316
TOTAL ASSETS:95,14498,88088,24686,24679,01171,18964,469
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,8094,1183,4934,6853,5022,2744,439
Accounts payable2,8094,1183,4934,6853,5022,2743,349
Accrued liabilities      363
Employee-related liabilities      233
Taxes payable      54
Interest and dividends payable      440
Debt21862,6554131,1941311,008
Derivative instruments and hedges, liabilities2381471851111726921
Accrued environmental loss contingencies44    4241
Due to related parties27315931422819
Disposal group, including discontinued operation   75   
Deferred tax liabilities    85
Customer advances and deposits   103
Other liabilities2,7753,3422,9182,5822,3672,3022,201
Other undisclosed current liabilities9    64(1,135)
Total current liabilities:5,9237,7249,3107,8977,2774,9106,782
Noncurrent Liabilities
Long-term debt and lease obligation52,25451,92943,37343,67142,60836,83729,653
Long-term debt, excluding current maturities51,41751,02843,37343,67142,60836,83729,653
Operating lease, liability837901
Liabilities, other than long-term debt1,6511,4354,2144,6776,5615,7966,032
Deferred tax liabilities, net2,9263,3155,1124,5904,325
Accrued environmental loss contingencies262     360
Due to related parties    250  
Other liabilities1,1521,1621,1841,2171,1231,0691,193
Derivative instruments and hedges, liabilities23727310414576137154
Other undisclosed noncurrent liabilities3,1663,208  1515(345)
Total noncurrent liabilities:57,07156,57247,58748,34849,18442,64835,340
Total liabilities:62,99464,29656,89756,24556,46147,55842,122
Temporary equity, carrying amount76273949921333333
Stockholders' equity
Stockholders' equity attributable to parent6(11)(42)   (5)
Accumulated other comprehensive income (loss)6(11)(42)   (5)
Stockholders' equity attributable to noncontrolling interest12,85912,01810,29131,17624,21124,53021,650
Other undisclosed stockholders' equity18,52321,83820,601(1,196)(1,694)(932)669
Total stockholders' equity:31,38833,84530,85029,98022,51723,59822,314
TOTAL LIABILITIES AND EQUITY:95,14498,88088,24686,24679,01171,18964,469

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
Revenues38,95454,21354,08740,52337,50442,12655,691
Revenue, net17,40415,02418,84825,988
Cost of revenue(32,045)(42,948)(44,948)(34,559)(32,494)(36,435)(50,484)
Cost of goods and services sold(25,487)(39,727)(41,658)(30,966)(28,929)(34,258)(48,862)
Other undisclosed gross profit      2,095
Gross profit:6,90911,2659,1395,9645,0105,6917,302
Operating expenses(3,929)(3,988)(3,791)(3,251)(3,511)(3,292)(2,737)
Other undisclosed operating loss      (2,095)
Operating income:2,9807,2775,3482,7131,4992,3992,470
Nonoperating income (expense)(191)(136)1091771954(68)
Investment income, nonoperating(203)(241)47(37)71(18)(57)
Other nonoperating income (expense)121056221412422(11)
Interest and debt expense(2,402)(2,349)(2,167)(2,011)(1,832)(1,686)(1,394)
Income (loss) from continuing operations before equity method investments, income taxes:3874,7923,290879(138)7171,008
Income from equity method investments119302344144270276332
Other undisclosed income (loss) from continuing operations before income taxes(129)  (313)(308) 77
Income (loss) from continuing operations before income taxes:3775,0943,634710(176)9931,417
Income tax expense (benefit)(237)(195)(4)1,833217100(357)
Income from continuing operations:1404,8993,6302,543411,0931,060
Income (loss) from discontinued operations  (265)(177)  64
Net income:1404,8993,3652,366411,0931,124
Net income (loss) attributable to noncontrolling interest(739)(1,256)(1,632)(1,412)95496(491)
Other undisclosed net loss attributable to parent(49)(51)(39)    
Net income (loss) attributable to parent:(648)3,5921,6949549951,189633
Preferred stock dividends and other adjustments      (40)
Net income (loss) available to common stockholders, basic:(648)3,5921,6949549951,189593
Dilutive securities, effect on basic earnings per share (1)33389(2) 
Other undisclosed net income (loss) available to common stockholders, diluted1(4)(27)(34)(12)(6)27
Net income (loss) available to common stockholders, diluted:(647)3,5871,7009589921,181620

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:1404,8993,3652,366411,0931,124
Other comprehensive income (loss)1531(43)(5)460(117)
Comprehensive income:1554,9303,3222,361451,1531,007
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(739)(1,256)(1,632)(1,407)95041(388)
Other undisclosed comprehensive loss, net of tax, attributable to parent(49)(51)(39)    
Comprehensive income (loss), net of tax, attributable to parent:(633)3,6231,6519549951,194619

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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