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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2016
Business Acquisition  
Schedule of Pro Forma Information

 

 

Year Ended December 31, 

 

 

 

2015

    

2014

 

Pro forma total revenues (1)

 

$

4,585.5

 

$

5,679.3

 

Pro forma net income (loss)

 

$

(1,413.0)

 

$

220.2

 

Pro forma net income (loss) attributable to EnLink Midstream, LLC

 

$

(355.5)

 

$

64.8

 

Pro forma net income (loss) per common unit:

 

 

 

 

 

 

 

Basic

 

$

(2.18)

 

$

0.41

 

Diluted

 

$

(2.18)

 

$

0.41

 


“On January 1, 2014, Midstream Holdings entered into gathering and processing agreements with Devon, which are described in “Note 5—Related Party Transactions.

Chevron Acquisition  
Business Acquisition  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents the fair value of the identified assets received and liabilities assumed at the acquisition date (in millions):

 

 

 

 

 

Purchase Price Allocation:

    

 

 

Assets acquired:

 

 

 

Property, plant and equipment

 

$

225.3

Intangibles

 

 

13.0

Liabilities assumed:

 

 

 

Current liabilities

 

 

(6.8)

Total identifiable net assets

 

$

231.5

 

LPC  
Business Acquisition  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents the fair value of the identified assets received and liabilities assumed at the acquisition date (in millions):

 

 

 

 

 

Purchase Price Allocation:

    

 

    

Assets acquired:

 

 

 

Current assets (including $21.1 million in cash)

 

$

107.4

Property, plant and equipment

 

 

29.8

Intangibles

 

 

43.2

Goodwill

 

 

29.6

Liabilities assumed:

 

 

 

Current liabilities

 

 

(97.9)

Deferred tax liability

 

 

(4.0)

Total identifiable net assets

 

$

108.1

 

Coronado  
Business Acquisition  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents the fair value of the identified assets received and liabilities assumed at the acquisition date (in millions):

 

 

 

 

 

Purchase Price Allocation:

    

 

    

Assets acquired:

 

 

 

Current assets (including $1.4 million in cash)

 

$

20.8

Property, plant and equipment

 

 

302.1

Intangibles

 

 

281.0

Goodwill

 

 

18.7

Liabilities assumed:

 

 

 

Current liabilities

 

 

(22.3)

Total identifiable net assets

 

$

600.3

 

Matador  
Business Acquisition  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents the fair value of the identified assets received and liabilities assumed at the acquisition date (in millions):

 

 

 

 

 

Purchase Price Allocation:

    

 

    

Assets acquired:

 

 

 

Current assets

 

$

1.1

Property, plant and equipment

 

 

35.5

Intangibles

 

 

98.8

Goodwill

 

 

10.7

Liabilities assumed:

 

 

 

Current liabilities

 

 

(4.8)

Total identifiable net assets

 

$

141.3

 

Tall Oak  
Business Acquisition  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

 

 

 

 

Consideration:

    

 

 

Cash

 

$

805.8

Issuance of common units

 

 

214.9

The Partnership's total installment payable, net of discount of $79.1 million assuming payments are made on January 7, 2017 and 2018

 

 

420.9

Total consideration

 

$

1,441.6

 

 

 

 

Purchase Price Allocation:

 

 

 

Assets acquired:

 

 

 

Current assets (including $12.8 million in cash)

 

$

23.0

Property, plant and equipment

 

 

406.1

Intangibles

 

 

1,051.3

Liabilities assumed:

 

 

 

Current liabilities

 

 

(38.8)

Total identifiable net assets

 

$

1,441.6

 

Schedule of Pro Forma Information

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

2016

    

2015

Pro forma total revenues

 

$

4,254.4

 

$

4,647.8

Pro forma net loss

 

$

(879.9)

 

$

(1,471.8)

Pro forma net loss attributable to EnLink Midstream, LLC

 

$

(451.3)

 

$

(368.4)

Pro forma net loss per common unit:

 

 

 

 

 

 

Basic

 

$

(2.51)

 

$

(2.05)

Diluted

 

$

(2.51)

 

$

(2.05)