The condensed parent only financial statements represent the financial information required by Rule 5-04 of the Securities and Exchange Commission Regulation S-X for the Company.

In the condensed financial statements, the Company’s investment in both the Partnership and EnLink Oklahoma T.O. is presented under the equity method of accounting. Under this method, the assets and liabilities of the Partnership and EnLink Oklahoma T.O. are not consolidated. The investment in the Partnership and EnLink Oklahoma T.O. is recorded as investment in unconsolidated affiliate investments in the balance sheet. The income (loss) from the Partnership and EnLink Oklahoma T.O. is reported as income (loss) from unconsolidated affiliate investments.

All financial results prior to March 7, 2014 reflect the historical operations of Midstream Holdings and its majority-owned subsidiaries.

The condensed financial statements should be read in conjunction with the Company’s consolidated financial statements, which are contained in “Item 8. Financial Statements and Supplementary Schedules” of this Annual Report.

Schedule 1

ENLINK MIDSTREAM, LLC (PARENT COMPANY)

CONDENSED BALANCE SHEET


	December 31,
	2016		2015
	(In millions)
ASSETS
Current assets:
Cash and cash equivalents	$	0.1	$	12.1
Accounts receivable		—		0.1
Related party receivable		—		2.1
Prepaid expenses and other		2.6		9.7
Total current assets		2.7		24.0
Goodwill		1,119.9		1,426.9
Investment in unconsolidated affiliate investments		1,255.7		1,292.9
Other assets, net		—		0.8
Total assets	$	2,378.3	$	2,744.6
LIABILITIES AND MEMBERS' EQUITY
Current liabilities:
Other current liabilities	$	0.5	$	0.4
Total current liabilities		0.5		0.4
Deferred tax liability		469.6		458.5
Long-Term Debt		27.3		—
		497.4		458.9
Members' equity:
Members' equity		1,880.9		2,285.7
Total liabilities and members' equity	$	2,378.3	$	2,744.6

ENLINK MIDSTREAM, LLC (PARENT COMPANY)

CONDENSED STATEMENT OF OPERATIONS


	Year Ended December 31,
	2016		2015		2014
	(In millions, except per share data)
Revenues:
Income (loss) from unconsolidated affiliate investments	$	(145.1)	$	(325.5)	$	185.7
Total revenues		(145.1)		(325.5)		185.7
Operating costs and expenses:
General and administrative expenses		3.1		4.5		3.0
Impairment		307.0		—		—
Total operating costs and expenses		310.1		4.5		3.0
Operating income (loss)		(455.2)		(330.0)		182.7
Other income (expense):
Interest and other expense		(1.4)		(0.8)		(2.4)
Income (loss) before income taxes		(456.6)		(330.8)		180.3
Income tax provision		(3.4)		(26.2)		(54.3)
Net income (loss)	$	(460.0)	$	(357.0)	$	126.0
Net income (loss) attributable to EnLink Midstream, LLC per unit:
Basic	$	(2.56)	$	(2.17)	$	0.55
Diluted	$	(2.56)	$	(2.17)	$	0.55
Weighted average common units outstanding:
Basic		179.7		164.2		164.0
Diluted		179.7		164.2		164.3

ENLINK MIDSTREAM, LLC (PARENT COMPANY)

CONDENSED STATEMENT OF CASH FLOWS


	Year Ended December 31,
	2016		2015
	(In millions)
Cash flows from operating activities:
Net income (loss)	$	(460.0)	$	(357.0)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
(Income) loss from unconsolidated affiliate investments		145.1		325.5
Deferred tax expense		2.8		23.9
Stock-based compensation		0.4		0.4
Amortization of debt issue cost		0.1		0.3
Impairments		307.0		—
Changes in assets and liabilities:
Accounts receivable, prepaid expenses and other		10.7		(8.5)
Accounts payable, and other accrued liabilities		0.1		(1.8)
Net cash used in operating activities		6.2		(17.2)
Cash flows from investing activities:
Acquisition of business		(237.1)		—
Distributions from the affiliates		202.3		186.3
Investment in unconsolidated affiliate investment		(39.5)		(50.0)
Net cash provided by investing activities		(74.3)		136.3
Cash flows from financing activities:
Proceeds from borrowings		92.7		—
Payments on borrowings		(64.9)		—
Debt refinancing cost		—		(0.1)
Conversion of restricted units, net of units withheld for taxes		(1.2)		(2.9)
Proceeds from issuance of common units		214.9
Distribution to members		(185.4)		(162.8)
Net cash used in financing activities		56.1		(165.8)
Net increase (decrease) in cash and cash equivalents		(12.0)		(46.7)
Cash, beginning of year		12.1		58.8
Cash, end of year	$	0.1	$	12.1
Non-cash transactions:
Gain (loss) from issuance of Partnership units	$	18.9	$	13.7