Schedule I - Crestwood Equity Partners LP - Parent Only

12 Months Ended

Dec. 31, 2021

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,
	2021		2020
Assets
Current assets:
Cash	$	0.2	$	0.2
Prepaid expenses and other current assets	0.4		—
Total current assets	0.6		0.2
Property, plant and equipment, net	2.5		0.9
Investments in subsidiaries	1,100.1		1,655.7
Other assets	2.1		2.1
Total assets	$	1,105.3	$	1,658.9
Liabilities and partners’ capital
Current liabilities:
Accounts payable	$	0.1	$	0.1
Accrued expenses	1.0		1.9
Total current liabilities	1.1		2.0
Other long-term liabilities	4.6		1.5
Total partners’ capital	1,099.6		1,655.4
Total liabilities and partners’ capital	$	1,105.3	$	1,658.9

See accompanying notes.

Schedule I

Crestwood Equity Partners LP

Parent Only

Condensed Statements of Comprehensive Income

(in millions)

	Year Ended December 31,
	2021		2020		2019
Revenues	$	—	$	—	$	—
Expenses	7.7		4.9		5.3
Operating loss	(7.7)		(4.9)		(5.3)
Equity in net income (loss) of subsidiaries	(70.9)		(50.5)		290.0
Other income (expense), net	0.1		(0.7)		0.4
Net income (loss) attributable to Crestwood Equity Partners LP	(78.5)		(56.1)		285.1
Other comprehensive income
Change in fair value of Suburban Propane Partners, L.P. units	—		—		0.3
Comprehensive income (loss) attributable to Crestwood Equity Partners LP	$	(78.5)	$	(56.1)	$	285.4

See accompanying notes.

Schedule I

Crestwood Equity Partners LP

Parent Only

Condensed Statements of Cash Flows

(in millions)

	Year Ended December 31,
	2021		2020		2019
Cash flows from operating activities	$	(5.5)	$	(9.4)	$	(3.7)
Cash flows from investing activities	507.8		242.6		235.8
Cash flows from financing activities:
Payments for Crestwood Holdings Transactions	(275.6)		—		—
Distributions paid to partners	(224.4)		(242.8)		(232.5)
Change in intercompany balances	(2.3)		9.6		0.4
Net cash used in financing activities	(502.3)		(233.2)		(232.1)
Net change in cash	—		—		—
Cash at beginning of period	0.2		0.2		0.2
Cash at end of period	$	0.2	$	0.2	$	0.2

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. 

Note 2. Distributions    

During the years ended December 31, 2021, 2020 and 2019, we received cash distributions from Crestwood Midstream Partners LP of approximately $509.7 million, $242.6 million and $235.8 million.