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Schedule I - Crestwood Equity Partners LP - Parent Only
 12 Months Ended
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Schedule I - Crestwood Equity Partners LP - Parent Only
Schedule I

Crestwood Equity Partners LP
Parent Only
Condensed Balance Sheets
(in millions)

 
December 31,
 
2019
 
2018
Assets
 
 
 
Current assets:
 
 
 
Cash
$
0.2

 
$
0.2

Total current assets
0.2

 
0.2

 
 
 
 
Property, plant and equipment, net
1.0

 
1.1

Investments in subsidiaries
1,935.9

 
1,854.7

Other assets
3.1

 
2.8

Total assets
$
1,940.2

 
$
1,858.8

 
 
 
 
Liabilities and partners’ capital
 
 
 
Current liabilities:
 
 
 
Accounts payable
$
0.1

 
$
2.6

Accrued expenses
1.3

 
1.1

Total current liabilities
1.4

 
3.7

 
 
 
 
Other long-term liabilities
6.0

 
2.6

 
 
 
 
Total partners’ capital
1,932.8

 
1,852.5

Total liabilities and partners’ capital
$
1,940.2

 
$
1,858.8


See accompanying notes.
Schedule I

Crestwood Equity Partners LP
Parent Only
Condensed Statements of Operations
(in millions)

 
Year Ended December 31,
 
2019
 
2018
 
2017
Revenues
$
—

 
$
—

 
$
—

Expenses
5.3

 
6.1

 
6.7

Operating loss
(5.3
)
 
(6.1
)
 
(6.7
)
Equity in net income (loss) of subsidiaries
290.0

 
56.5

 
(185.7
)
Other income, net
0.4

 
0.4

 
0.5

Net income (loss) attributable to Crestwood Equity Partners LP
$
285.1

 
$
50.8

 
$
(191.9
)

See accompanying notes.
























Schedule I

Crestwood Equity Partners LP
Parent Only
Condensed Statements of Comprehensive Income
(in millions)

 
Year Ended December 31,
 
2019
 
2018
 
2017
Net income (loss) attributable to Crestwood Equity Partners LP
$
285.1

 
$
50.8

 
$
(191.9
)
Change in fair value of Suburban Propane Partners, LP units
0.3

 
(0.7
)
 
(0.8
)
Comprehensive income (loss) attributable to Crestwood Equity Partners LP
$
285.4

 
$
50.1

 
$
(192.7
)

See accompanying notes.


Schedule I

Crestwood Equity Partners LP
Parent Only
Condensed Statements of Cash Flows
(in millions)

 
Year Ended December 31,
 
2019
 
2018
 
2017
Cash flows from operating activities
$
(3.7
)
 
$
(3.8
)
 
$
(3.6
)
 
 
 
 
 
 
Cash flows from investing activities
235.8

 
238.4

 
174.0

 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
Distributions paid to partners
(232.5
)
 
(230.9
)
 
(182.6
)
Proceeds from issuance of common units
—

 
—

 
15.2

Change in intercompany balances
0.4

 
(3.8
)
 
(3.0
)
Net cash used in financing activities
(232.1
)
 
(234.7
)
 
(170.4
)
 
 
 
 
 
 
Net change in cash
—

 
(0.1
)
 
—

Cash at beginning of period
0.2

 
0.3

 
0.3

Cash at end of period
$
0.2

 
$
0.2

 
$
0.3


See accompanying notes.



















Schedule I

Crestwood Equity Partners LP
Parent Only
Notes to Condensed Financial Statements


Note 1. Basis of Presentation

In the parent-only financial statements, our investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since the date of acquisition.  Our share of net income of our unconsolidated subsidiaries is included in consolidated income using the equity method.  The parent-only financial statements should be read in conjunction with our consolidated financial statements. 

The condensed statements of operations for the years ended December 31, 2018 and 2017 include reclassifications
that were made to conform to the current year presentation, none of which impacted previously reported net income (loss) attributable to Crestwood Equity Partners LP or partners’ capital.

Note 2. Distributions    

During the years ended December 31, 2019, 2018 and 2017, we received cash distributions from Crestwood Midstream Partners LP of approximately $235.8 million, $238.4 million and $174.0 million.