Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Balance Sheet

Enterprise Products Partners L.P.

Condensed Consolidating Balance Sheet

December 31, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)		EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries		Enterprise Products Partners L.P. (Guarantor)		Eliminations and Adjustments			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents and restricted cash	$	109.2	$	315.8	$	(15.1	)	$	409.9	$	0.1	$	–		$	410.0
Accounts receivable – trade, net		1,471.1		3,403.8		(1.3	)		4,873.6		–		–			4,873.6
Accounts receivable – related parties		233.1		799.9		(1,023.6	)		9.4		–		(6.9	)		2.5
Inventories		1,351.3		740.4		(0.3	)		2,091.4		–		–			2,091.4
Derivative assets		115.2		12.0		–			127.2		–		–			127.2
Prepaid and other current assets		221.0		183.5		(46.3	)		358.2		–		–			358.2
Total current assets		3,500.9		5,455.4		(1,086.6	)		7,869.7		0.1		(6.9	)		7,862.9
Property, plant and equipment, net		6,413.3		35,233.6		(43.5	)		41,603.4		–		–			41,603.4
Investments in unconsolidated affiliates		45,514.0		4,165.7		(47,079.5	)		2,600.2		25,279.3		(25,279.3	)		2,600.2
Intangible assets, net		636.7		2,852.3		(40.0	)		3,449.0		–		–			3,449.0
Goodwill		459.5		5,285.7		–			5,745.2		–		–			5,745.2
Other assets		404.9		288.5		(221.9	)		471.5		1.0		–			472.5
Total assets	$	56,929.3	$	53,281.2	$	(48,471.5	)	$	61,739.0	$	25,280.4	$	(25,286.2	)	$	61,733.2
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	1,981.9	$	–	$	–		$	1,981.9	$	–	$	–		$	1,981.9
Accounts payable – trade		301.4		717.7		(14.6	)		1,004.5		–		–			1,004.5
Accounts payable – related parties		977.5		222.3		(1,037.5	)		162.3		6.9		(6.9	)		162.3
Accrued product payables		1,895.4		3,021.9		(1.6	)		4,915.7		–		–			4,915.7
Accrued interest		431.6		0.9		(0.8	)		431.7		–		–			431.7
Derivative liabilities		114.2		8.2		–			122.4		–		–			122.4
Other current liabilities		120.5		438.2		(47.3	)		511.4		–		(0.2	)		511.2
Total current liabilities		5,822.5		4,409.2		(1,101.8	)		9,129.9		6.9		(7.1	)		9,129.7
Long-term debt		25,628.6		14.6		–			25,643.2		–		–			25,643.2
Deferred tax liabilities		22.2		75.6		(0.8	)		97.0		–		3.4			100.4
Other long-term liabilities		161.2		608.9		(247.2	)		522.9		509.5		–			1,032.4
Commitments and contingencies
Equity:
Partners’ and other owners’ equity		25,294.8		48,107.6		(48,155.3	)		25,247.1		24,764.0		(25,247.1	)		24,764.0
Noncontrolling interests		–		65.3		1,033.6			1,098.9		–		(35.4	)		1,063.5
Total equity		25,294.8		48,172.9		(47,121.7	)		26,346.0		24,764.0		(25,282.5	)		25,827.5
Total liabilities and equity	$	56,929.3	$	53,281.2	$	(48,471.5	)	$	61,739.0	$	25,280.4	$	(25,286.2	)	$	61,733.2

Enterprise Products Partners L.P.

Condensed Consolidating Balance Sheet

December 31, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)		EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries		Enterprise Products Partners L.P. (Guarantor)		Eliminations and Adjustments			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents and restricted cash	$	393.4	$	50.3	$	(33.6	)	$	410.1	$	–	$	–		$	410.1
Accounts receivable – trade, net		1,303.1		2,356.8		(0.8	)		3,659.1		–		–			3,659.1
Accounts receivable – related parties		141.8		1,423.7		(1,530.1	)		35.4		0.8		(32.7	)		3.5
Inventories		889.3		633.2		(0.4	)		1,522.1		–		–			1,522.1
Derivative assets		105.0		49.1		0.3			154.4		–		–			154.4
Prepaid and other current assets		166.0		155.1		(10.2	)		310.9		–		0.6			311.5
Total current assets		2,998.6		4,668.2		(1,574.8	)		6,092.0		0.8		(32.1	)		6,060.7
Property, plant and equipment, net		6,112.7		32,628.7		(3.8	)		38,737.6		–		–			38,737.6
Investments in unconsolidated affiliates		43,962.6		4,170.6		(45,518.1	)		2,615.1		24,273.6		(24,273.6	)		2,615.1
Intangible assets, net		659.2		2,963.0		(13.8	)		3,608.4		–		–			3,608.4
Goodwill		459.5		5,285.7		–			5,745.2		–		–			5,745.2
Other assets		292.1		131.9		(222.1	)		201.9		0.9		–			202.8
Total assets	$	54,484.7	$	49,848.1	$	(47,332.6	)	$	57,000.2	$	24,275.3	$	(24,305.7	)	$	56,969.8
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	1,500.0	$	0.1	$	–		$	1,500.1	$	–	$	–		$	1,500.1
Accounts payable – trade		404.0		734.3		(35.5	)		1,102.8		–		–			1,102.8
Accounts payable – related parties		1,557.3		127.5		(1,543.9	)		140.9		31.9		(32.6	)		140.2
Accrued product payables		1,574.7		1,902.3		(1.2	)		3,475.8		–		–			3,475.8
Accrued interest		395.5		0.9		(0.8	)		395.6		–		–			395.6
Derivative liabilities		86.2		61.7		0.3			148.2		–		–			148.2
Other current liabilities		87.9		326.3		(9.4	)		404.8		–		–			404.8
Total current liabilities		5,605.6		3,153.1		(1,590.5	)		7,168.2		31.9		(32.6	)		7,167.5
Long-term debt		24,663.4		14.7		–			24,678.1		–		–			24,678.1
Deferred tax liabilities		17.0		62.0		(0.9	)		78.1		–		2.3			80.4
Other long-term liabilities		65.2		518.4		(221.9	)		361.7		389.9		–			751.6
Commitments and contingencies
Equity:
Partners’ and other owners’ equity		24,133.5		46,031.8		(45,917.9	)		24,247.4		23,853.5		(24,247.4	)		23,853.5
Noncontrolling interests		–		68.1		398.6			466.7		–		(28.0	)		438.7
Total equity		24,133.5		46,099.9		(45,519.3	)		24,714.1		23,853.5		(24,275.4	)		24,292.2
Total liabilities and equity	$	54,484.7	$	49,848.1	$	(47,332.6	)	$	57,000.2	$	24,275.3	$	(24,305.7	)	$	56,969.8

Condensed Consolidating Statement of Operations

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Operations

For the Year Ended December 31, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)			Eliminations and Adjustments			Consolidated Total
Revenues	$	35,396.9		$	21,849.0		$	(24,456.7	)	$	32,789.2		$	–		$	–		$	32,789.2
Costs and expenses:
Operating costs and expenses		34,074.1			17,438.7			(24,451.0	)		27,061.8			–			–			27,061.8
General and administrative costs		32.2			174.2			3.1			209.5			2.2			–			211.7
Total costs and expenses		34,106.3			17,612.9			(24,447.9	)		27,271.3			2.2			–			27,273.5
Equity in income of unconsolidated affiliates		4,667.1			648.7			(4,752.8	)		563.0			4,713.0			(4,713.0	)		563.0
Operating income		5,957.7			4,884.8			(4,761.6	)		6,080.9			4,710.8			(4,713.0	)		6,078.7
Other income (expense):
Interest expense		(1,243.8	)		(10.5	)		11.3			(1,243.0	)		–			–			(1,243.0	)
Other, net		19.8			8.0			(11.3	)		16.5			(119.5	)		–			(103.0	)
Total other expense, net		(1,224.0	)		(2.5	)		–			(1,226.5	)		(119.5	)		–			(1,346.0	)
Income before income taxes		4,733.7			4,882.3			(4,761.6	)		4,854.4			4,591.3			(4,713.0	)		4,732.7
Provision for income taxes		(16.5	)		(28.3	)		0.3			(44.5	)		–			(1.1	)		(45.6	)
Net income		4,717.2			4,854.0			(4,761.3	)		4,809.9			4,591.3			(4,714.1	)		4,687.1
Net loss (income) attributable to noncontrolling interests		–			(6.6	)		(94.7	)		(101.3	)		–			5.5			(95.8	)
Net income attributable to entity	$	4,717.2		$	4,847.4		$	(4,856.0	)	$	4,708.6		$	4,591.3		$	(4,708.6	)	$	4,591.3

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Operations

For the Year Ended December 31, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)			Eliminations and Adjustments			Consolidated Total
Revenues	$	42,946.4		$	23,756.4		$	(30,168.6	)	$	36,534.2		$	–		$	–		$	36,534.2
Costs and expenses:
Operating costs and expenses		41,718.2			19,845.2			(30,166.1	)		31,397.3			–			–			31,397.3
General and administrative costs		31.8			172.0			2.1			205.9			2.3			0.1			208.3
Total costs and expenses		41,750.0			20,017.2			(30,164.0	)		31,603.2			2.3			0.1			31,605.6
Equity in income of unconsolidated affiliates		4,148.3			587.2			(4,255.5	)		480.0			4,230.8			(4,230.8	)		480.0
Operating income		5,344.7			4,326.4			(4,260.1	)		5,411.0			4,228.5			(4,230.9	)		5,408.6
Other income (expense):
Interest expense		(1,097.1	)		(10.5	)		10.9			(1,096.7	)		–			–			(1,096.7	)
Other, net		12.1			41.8			(10.9	)		43.0			(56.1	)		–			(13.1	)
Total other expense, net		(1,085.0	)		31.3			–			(1,053.7	)		(56.1	)		–			(1,109.8	)
Income before income taxes		4,259.7			4,357.7			(4,260.1	)		4,357.3			4,172.4			(4,230.9	)		4,298.8
Provision for income taxes		(29.2	)		(29.6	)		–			(58.8	)		–			(1.5	)		(60.3	)
Net income		4,230.5			4,328.1			(4,260.1	)		4,298.5			4,172.4			(4,232.4	)		4,238.5
Net loss (income) attributable to noncontrolling interests		–			(7.6	)		(63.8	)		(71.4	)		–			5.3			(66.1	)
Net income attributable to entity	$	4,230.5		$	4,320.5		$	(4,323.9	)	$	4,227.1		$	4,172.4		$	(4,227.1	)	$	4,172.4

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Operations

For the Year Ended December 31, 2017

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)			Eliminations and Adjustments			Consolidated Total
Revenues	$	40,696.8		$	18,451.2		$	(29,906.5	)	$	29,241.5		$	–		$	–		$	29,241.5
Costs and expenses:
Operating costs and expenses		39,809.6			15,654.9			(29,907.0	)		25,557.5			–			–			25,557.5
General and administrative costs		31.4			148.0			(0.1	)		179.3			1.8			–			181.1
Total costs and expenses		39,841.0			15,802.9			(29,907.1	)		25,736.8			1.8			–			25,738.6
Equity in income of unconsolidated affiliates		2,990.1			566.8			(3,130.9	)		426.0			2,865.4			(2,865.4	)		426.0
Operating income		3,845.9			3,215.1			(3,130.3	)		3,930.7			2,863.6			(2,865.4	)		3,928.9
Other income (expense):
Interest expense		(982.5	)		(11.8	)		9.7			(984.6	)		–			–			(984.6	)
Other, net		9.2			1.8			(9.7	)		1.3			(64.3	)		–			(63.0	)
Total other expense, net		(973.3	)		(10.0	)		–			(983.3	)		(64.3	)		–			(1,047.6	)
Income before income taxes		2,872.6			3,205.1			(3,130.3	)		2,947.4			2,799.3			(2,865.4	)		2,881.3
Provision for income taxes		(12.0	)		(13.7	)		–			(25.7	)		–			–			(25.7	)
Net income		2,860.6			3,191.4			(3,130.3	)		2,921.7			2,799.3			(2,865.4	)		2,855.6
Net loss (income) attributable to noncontrolling interests		–			(6.5	)		(55.1	)		(61.6	)		–			5.3			(56.3	)
Net income attributable to entity	$	2,860.6		$	3,184.9		$	(3,185.4	)	$	2,860.1		$	2,799.3		$	(2,860.1	)	$	2,799.3

Condensed Consolidating Statement of Comprehensive Income

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Comprehensive Income

For the Year Ended December 31, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	4,890.2	$	4,701.5		$	(4,761.3	)	$	4,830.4		$	4,611.8	$	(4,734.6	)	$	4,707.6
Comprehensive loss (income) attributable to noncontrolling interests		–		(6.6	)		(94.7	)		(101.3	)		–		5.5			(95.8	)
Comprehensive income attributable to entity	$	4,890.2	$	4,694.9		$	(4,856.0	)	$	4,729.1		$	4,611.8	$	(4,729.1	)	$	4,611.8

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Comprehensive Income

For the Year Ended December 31, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	4,312.6	$	4,468.5		$	(4,260.1	)	$	4,521.0		$	4,395.0	$	(4,454.9	)	$	4,461.1
Comprehensive loss (income) attributable to noncontrolling interests		–		(7.6	)		(63.8	)		(71.4	)		–		5.3			(66.1	)
Comprehensive income attributable to entity	$	4,312.6	$	4,460.9		$	(4,323.9	)	$	4,449.6		$	4,395.0	$	(4,449.6	)	$	4,395.0

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Comprehensive Income

For the Year Ended December 31, 2017

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	2,951.7	$	3,208.6		$	(3,130.2	)	$	3,030.1		$	2,907.6	$	(2,973.8	)	$	2,963.9
Comprehensive loss (income) attributable to noncontrolling interests		–		(6.5	)		(55.1	)		(61.6	)		–		5.3			(56.3	)
Comprehensive income attributable to entity	$	2,951.7	$	3,202.1		$	(3,185.3	)	$	2,968.5		$	2,907.6	$	(2,968.5	)	$	2,907.6

Condensed Consolidating Statement of Cash Flows

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)			Eliminations and Adjustments			Consolidated Total
Operating activities:
Net income	$	4,717.2		$	4,854.0		$	(4,761.3	)	$	4,809.9		$	4,591.3		$	(4,714.1	)	$	4,687.1
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		309.0			1,642.7			(2.4	)		1,949.3			–			–			1,949.3
Equity in income of unconsolidated affiliates		(4,667.1	)		(648.7	)		4,752.8			(563.0	)		(4,713.0	)		4,713.0			(563.0	)
Distributions received from unconsolidated affiliates attributable to earnings		1,560.7			317.7			(1,310.4	)		568.0			4,005.8			(4,005.8	)		568.0
Net effect of changes in operating accounts and other operating activities		3,007.5			(3,294.0	)		35.5			(251.0	)		129.9			0.2			(120.9	)
Net cash flows provided by operating activities		4,927.3			2,871.7			(1,285.8	)		6,513.2			4,014.0			(4,006.7	)		6,520.5
Investing activities:
Capital expenditures		(675.4	)		(3,850.2	)		(6.1	)		(4,531.7	)		–			–			(4,531.7	)
Proceeds from asset sales		2.3			18.3			–			20.6			–			–			20.6
Other investing activities		(2,080.6	)		3.7			2,012.5			(64.4	)		(119.3	)		119.3			(64.4	)
Cash used in investing activities		(2,753.7	)		(3,828.2	)		2,006.4			(4,575.5	)		(119.3	)		119.3			(4,575.5	)
Financing activities:
Borrowings under debt agreements		58,172.6			–			–			58,172.6			–			–			58,172.6
Repayments of debt		(56,716.4	)		(0.1	)		–			(56,716.5	)		–			–			(56,716.5	)
Cash distributions paid to partners		(4,005.8	)		(1,871.7	)		1,871.7			(4,005.8	)		(3,839.8	)		4,005.8			(3,839.8	)
Cash payments made in connection with DERs		–			–			–			–			(22.1	)		–			(22.1	)
Cash distributions paid to noncontrolling interests		–			(9.5	)		(97.6	)		(107.1	)		–			0.9			(106.2	)
Cash contributions from noncontrolling interests		–			–			632.8			632.8			–			–			632.8
Net cash proceeds from issuance of common units		–			–			–			–			82.2			–			82.2
Common units acquired in connection with 2019 Buyback Program		–			–			–			–			(81.1	)		–			(81.1	)
Cash contributions from owners		119.3			3,109.0			(3,109.0	)		119.3			–			(119.3	)		–
Other financing activities		(27.5	)		(5.7	)		–			(33.2	)		(33.8	)		–			(67.0	)
Cash provided by (used in) financing activities		(2,457.8	)		1,222.0			(702.1	)		(1,937.9	)		(3,894.6	)		3,887.4			(1,945.1	)
Net change in cash and cash equivalents,    including restricted cash		(284.2	)		265.5			18.5			(0.2	)		0.1			–			(0.1	)
Cash and cash equivalents, including    restricted cash, January 1		393.4			50.3			(33.6	)		410.1			–			–			410.1
Cash and cash equivalents, including    restricted cash, December 31	$	109.2		$	315.8		$	(15.1	)	$	409.9		$	0.1		$	–		$	410.0

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)			Eliminations and Adjustments			Consolidated Total
Operating activities:
Net income	$	4,230.5		$	4,328.1		$	(4,260.1	)	$	4,298.5		$	4,172.4		$	(4,232.4	)	$	4,238.5
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		279.9			1,512.1			(0.4	)		1,791.6			–			–			1,791.6
Equity in income of unconsolidated affiliates		(4,148.3	)		(587.2	)		4,255.5			(480.0	)		(4,230.8	)		4,230.8			(480.0	)
Distributions received from unconsolidated affiliates attributable to earnings		1,248.9			263.0			(1,032.5	)		479.4			3,780.0			(3,780.0	)		479.4
Net effect of changes in operating accounts and other operating activities		3,221.5			(3,244.2	)		(2.3	)		(25.0	)		121.2			0.6			96.8
Net cash flows provided by operating activities		4,832.5			2,271.8			(1,039.8	)		6,064.5			3,842.8			(3,781.0	)		6,126.3
Investing activities:
Capital expenditures		(692.0	)		(3,476.0	)		–			(4,168.0	)		(55.2	)		–			(4,223.2	)
Cash used for business combinations, net of cash received		–			(150.6	)		–			(150.6	)		–			–			(150.6	)
Proceeds from asset sales		129.3			31.9			–			161.2			–			–			161.2
Other investing activities		(2,288.2	)		196.2			2,023.0			(69.0	)		(523.3	)		523.3			(69.0	)
Cash used in investing activities		(2,850.9	)		(3,398.5	)		2,023.0			(4,226.4	)		(578.5	)		523.3			(4,281.6	)
Financing activities:
Borrowings under debt agreements		79,588.7			11.5			(11.5	)		79,588.7			–			–			79,588.7
Repayments of debt		(77,956.7	)		(0.4	)		–			(77,957.1	)		–			–			(77,957.1	)
Cash distributions paid to partners		(3,780.0	)		(1,333.1	)		1,333.1			(3,780.0	)		(3,726.9	)		3,780.0			(3,726.9	)
Cash payments made in connection with DERs		–			–			–			–			(17.7	)		–			(17.7	)
Cash distributions paid to noncontrolling interests		–			(9.2	)		(73.4	)		(82.6	)		–			1.0			(81.6	)
Cash contributions from noncontrolling interests		–			–			238.1			238.1			–			–			238.1
Net cash proceeds from issuance of common units		–			–			–			–			538.4			–			538.4
Common units acquired in connection with Legacy Buyback Program		–			–			–			–			(30.8	)		–			(30.8	)
Cash contributions from owners		523.3			2,476.7			(2,476.7	)		523.3			–			(523.3	)		–
Other financing activities		(28.7	)		–			–			(28.7	)		(27.3	)		–			(56.0	)
Cash provided by (used in) financing activities		(1,653.4	)		1,145.5			(990.4	)		(1,498.3	)		(3,264.3	)		3,257.7			(1,504.9	)
Net change in cash and cash equivalents,    including restricted cash		328.2			18.8			(7.2	)		339.8			–			–			339.8
Cash and cash equivalents, including    restricted cash, January 1		65.2			31.5			(26.4	)		70.3			–			–			70.3
Cash and cash equivalents, including    restricted cash, December 31	$	393.4		$	50.3		$	(33.6	)	$	410.1		$	–		$	–		$	410.1

Enterprise Products Partners L.P.

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2017

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)			Eliminations and Adjustments			Consolidated Total
Operating activities:
Net income	$	2,860.6		$	3,191.4		$	(3,130.3	)	$	2,921.7		$	2,799.3		$	(2,865.4	)	$	2,855.6
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		216.6			1,427.8			(0.4	)		1,644.0			–			–			1,644.0
Equity in income of unconsolidated affiliates		(2,990.1	)		(566.8	)		3,130.9			(426.0	)		(2,865.4	)		2,865.4			(426.0	)
Distributions received from unconsolidated affiliates attributable to earnings		1,162.8			272.7			(1,001.8	)		433.7			3,574.6			(3,574.6	)		433.7
Net effect of changes in operating accounts and other operating activities		2,812.2			(2,726.3	)		(19.1	)		66.8			93.2			(1.0	)		159.0
Net cash flows provided by operating activities		4,062.1			1,598.8			(1,020.7	)		4,640.2			3,601.7			(3,575.6	)		4,666.3
Investing activities:
Capital expenditures		(846.8	)		(2,255.0	)		–			(3,101.8	)		–			–			(3,101.8	)
Cash used for business combinations, net of cash received		(7.3	)		(191.4	)		–			(198.7	)		–			–			(198.7	)
Proceeds from asset sales		17.0			23.1			–			40.1			–			–			40.1
Other investing activities		(1,908.5	)		(28.0	)		1,910.8			(25.7	)		(1,060.5	)		1,060.5			(25.7	)
Cash used in investing activities		(2,745.6	)		(2,451.3	)		1,910.8			(3,286.1	)		(1,060.5	)		1,060.5			(3,286.1	)
Financing activities:
Borrowings under debt agreements		69,349.3			–			(34.0	)		69,315.3			–			–			69,315.3
Repayments of debt		(68,459.5	)		(0.1	)		–			(68,459.6	)		–			–			(68,459.6	)
Cash distributions paid to partners		(3,574.6	)		(1,065.3	)		1,065.3			(3,574.6	)		(3,569.9	)		3,574.6			(3,569.9	)
Cash payments made in connection with DERs		–			–			–			–			(15.1	)		–			(15.1	)
Cash distributions paid to noncontrolling interests		–			(9.6	)		(40.6	)		(50.2	)		–			1.0			(49.2	)
Cash contributions from noncontrolling interests		–			0.1			0.3			0.4			–			–			0.4
Net cash proceeds from issuance of common units		–			–			–			–			1,073.4			–			1,073.4
Cash contributions from owners		1,060.5			1,900.0			(1,900.0	)		1,060.5			–			(1,060.5	)		–
Other financing activities		6.8			–			–			6.8			(29.6	)		–			(22.8	)
Cash provided by (used in) financing activities		(1,617.5	)		825.1			(909.0	)		(1,701.4	)		(2,541.2	)		2,515.1			(1,727.5	)
Net change in cash and cash equivalents,    including restricted cash		(301.0	)		(27.4	)		(18.9	)		(347.3	)		–			–			(347.3	)
Cash and cash equivalents, including    restricted cash, January 1		366.2			58.9			(7.5	)		417.6			–			–			417.6
Cash and cash equivalents, including    restricted cash, December 31	$	65.2		$	31.5		$	(26.4	)	$	70.3		$	–		$	–		$	70.3