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Earnings per Unit and Dilution Computations (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings per Unit and Dilution Computations  
Schedule of Earnings Per Share, Basic and Diluted

The following table reflects the computation of basic and diluted earnings per unit for the periods presented (in millions except per unit amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

 

2016

    

2015

 

2014 (1)

 

Enlink Midstream, LLC interest in net income (loss)

 

$
(460.0)

 

$
(357.0)

 

$
90.5

 

Distributed earnings allocated to:

 

 

 

 

 

 

 

 

 

 

Common units (2)

 

$
183.3

 

$
165.0

 

$
126.8

 

Unvested restricted units (2)

 

 
2.2

 

 
1.1

 

 
0.8

 

Total distributed earnings

 

$
185.5

 

$
166.1

 

$
127.6

 

Undistributed loss allocated to:

 

 

 

 

 

 

 

 

 

 

Common units

 

$
(638.0)

 

$
(519.5)

 

$
(36.9)

 

Unvested restricted units

 

 
(7.5)

 

 
(3.6)

 

 
(0.2)

 

Total undistributed loss

 

$
(645.5)

 

$
(523.1)

 

$
(37.1)

 

Net income (loss) allocated to:

 

 

 

 

 

 

 

 

 

 

Common units

 

$
(454.6)

 

$
(354.5)

 

$
89.9

 

Unvested restricted units

 

 
(5.4)

 

 
(2.5)

 

 
0.6

 

Total net income (loss)

 

$
(460.0)

 

$
(357.0)

 

$
90.5

 

Basic and diluted net income (loss) per unit:

 

 

 

 

 

 

 

 

 

 

Basic

 

$
(2.56)

 

$
(2.17)

 

$
0.55

 

Diluted

 

$
(2.56)

 

$
(2.17)

 

$
0.55

 

(1)

The 2014 amounts consist only of the period from March 7, 2014 through December 31, 2014.

(2)

Represents distribution activity consistent with the distribution activity table below.
Schedule of distribution activity

 

 

 

 

 

 

Declaration period

    

Distribution/unit

    

Date paid/payable

2016

 

 

 

 

 

First Quarter of 2016

 

$
0.255

 

May 12, 2016

Second Quarter of 2016

 

$
0.255

 

August 12, 2016

Third Quarter of 2016

 

$
0.255

 

November 14, 2016

Fourth Quarter of 2016

 

$
0.255

 

February 14, 2017

 

 

 

 

 

 

2015

 

 

 

 

 

First Quarter of 2015

 

$
0.245

 

May 15, 2015

Second Quarter of 2015

 

$
0.250

 

August 14, 2015

Third Quarter of 2015

 

$
0.255

 

November 13, 2015

Fourth Quarter of 2015

 

$
0.255

 

February 12, 2016

 

 

 

 

 

 

2014

 

 

 

 

 

First Quarter of 2014

 

$
0.180

 

May 15, 2014

Second Quarter of 2014

 

$
0.220

 

August 13, 2014

Third Quarter of 2014

 

$
0.230

 

November 14, 2014

Fourth Quarter of 2014

 

$
0.235

 

February 13, 2015

 

Schedule of Weighted Average Number of Shares

The following are the unit amounts used to compute the basic and diluted earnings per unit for the years ended December 31, 2016, 2015 and 2014 (in millions):

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

    

2016

    

2015

 

2014 (1)

 

Basic and diluted units outstanding:

 

 

 

 

 

 

 

Weighted average common units outstanding

 
179.7

 
164.2

 
164.0

 

Diluted weighted average units outstanding:

 

 

 

 

 

 

 

Weighted average basic common units outstanding

 
179.7

 
164.2

 
164.0

 

Dilutive effect of restricted units issued

 

 —

 

 —

 
0.3

 

Total weighted average diluted common units outstanding

 
179.7

 
164.2

 
164.3

 

(1)

The year ended December 31, 2014 amounts consist only of the period from March 7, 2014 through December 31, 2014.