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CONDENSED CONSOLIDATING FINANCIAL INFORMATION
 9 Months Ended
Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract]  
CONDENSED CONSOLIDATING FINACIAL INFORMATION CONDENSED CONSOLIDATING FINANCIAL INFORMATION

On January 22, 2019, Enbridge entered into supplemental indentures with its wholly-owned subsidiaries, the Partnerships, pursuant to which Enbridge fully and unconditionally guaranteed, on a senior unsecured basis, the payment obligations of the Partnerships with respect to the outstanding series of notes issued under the respective indentures of the Partnerships. Concurrently, the Partnerships entered into a subsidiary guarantee agreement pursuant to which they guaranteed, on a senior unsecured basis, the outstanding series of senior notes of Enbridge. As a result of the guarantees, holders of any of the outstanding guaranteed notes of the Partnerships are in the same position with respect to the net assets, income and cash flows of Enbridge as holders of Enbridge's outstanding guaranteed notes, and vice versa. Other than the Partnerships, Enbridge subsidiaries (including the subsidiaries of the Partnerships, collectively, the Subsidiary Non-Guarantors), are not parties to the subsidiary guarantee agreement and have not otherwise guaranteed any of Enbridge's outstanding series of senior notes.

Consenting SEP notes and EEP notes under Guarantee
SEP Notes1
EEP Notes2
Floating Rate Senior Notes due 2020
5.200% Notes due 2020
4.600% Senior Notes due 2021
4.375% Notes due 2020
4.750% Senior Notes due 2024
4.200% Notes due 2021
3.500% Senior Notes due 2025
5.875% Notes due 2025
3.375% Senior Notes due 2026
5.950% Notes due 2033
5.950% Senior Notes due 2043
6.300% Notes due 2034
4.500% Senior Notes due 2045
7.500% Notes due 2038
 
5.500% Notes due 2040
 
7.375% Notes due 2045
1
As at September 30, 2019, the aggregate outstanding principal amount of SEP notes was approximately US$3.9 billion.
2
As at September 30, 2019, the aggregate outstanding principal amount of EEP notes was approximately US$4.0 billion.

Enbridge Notes under Guarantees
USD Denominated1
CAD Denominated2
Senior Floating Rate Notes due 2020
4.530% Senior Notes due 2020
Senior Floating Rate Notes due 2020
4.850% Senior Notes due 2020
2.900% Senior Notes due 2022
4.260% Senior Notes due 2021
4.000% Senior Notes due 2023
3.160% Senior Notes due 2021
3.500% Senior Notes due 2024
4.850% Senior Notes due 2022
4.250% Senior Notes due 2026
3.190% Senior Notes due 2022
3.700% Senior Notes due 2027
3.940% Senior Notes due 2023
4.500% Senior Notes due 2044
3.940% Senior Notes due 2023
5.500% Senior Notes due 2046
3.950% Senior Notes due 2024
 
3.200% Senior Notes due 2027
 
6.100% Senior Notes due 2028
 
7.220% Senior Notes due 2030
 
7.200% Senior Notes due 2032
 
5.570% Senior Notes due 2035
 
5.750% Senior Notes due 2039
 
5.120% Senior Notes due 2040
 
4.240% Senior Notes due 2042
 
4.570% Senior Notes due 2044
 
4.870% Senior Notes due 2044
 
4.560% Senior Notes due 2064
1
As at September 30, 2019, the aggregate outstanding principal amount of the Enbridge United States dollar denominated notes was approximately US$5.9 billion.
2
As at September 30, 2019, the aggregate outstanding principal amount of the Enbridge Canadian dollar denominated notes was approximately $6.6 billion.

In accordance with Rule 3-10 of the U.S. Securities and Exchange Commission's Regulation S-X, which provides an exemption from the reporting requirements of the Securities Exchange Act of 1934 for subsidiary issuers of guaranteed securities and subsidiary guarantors, in lieu of filing separate financial statements for each of the Partnerships, we have included the accompanying condensed consolidating financial information with separate columns representing the following:

1.
Enbridge Inc., the Parent Issuer and Guarantor;
2.
SEP, a Subsidiary Issuer and Guarantor;
3.
EEP, a Subsidiary Issuer and Guarantor;
4.
Subsidiary Non-Guarantors, as defined herein;
5.
Consolidating and elimination entries required to consolidate the Parent Issuer and Guarantor and its subsidiaries, including the Subsidiary Issuers and Guarantors, and
6.
Enbridge Inc. and subsidiaries on a consolidated basis.

For the purposes of the condensed consolidating financial information only, investments in subsidiaries are accounted for under the equity method. In addition, the Condensed Consolidating Statements of Cash Flows present the intercompany loan and distribution activity, as well as cash collection and payments made on behalf of our subsidiaries, as cash activities. These intercompany investments and related activities eliminate on consolidation and are presented separately only for the purpose of the accompanying Condensed Consolidating Statements.
Condensed Consolidating Statements of Earnings and Comprehensive Income for the three months ended September 30, 2019
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Operating revenues
 
 
 
 
 
 
Commodity sales
—

—

—

7,396

—

7,396

Gas distribution sales
—

—

—

454

—

454

Transportation and other services
—

—

—

3,748

—

3,748

Total operating revenues
—

—

—

11,598

—

11,598

Operating Expenses
 
 
 
 
 
 
Commodity costs
—

—

—

7,216

—

7,216

Gas distribution costs
—

—

—

104

—

104

Operating and administrative
69

1

1

1,670

—

1,741

Depreciation and amortization
15

—

—

829

—

844

Impairment of long-lived assets
—

—

—

105

—

105

Total operating expenses
84

1

1

9,924

—

10,010

Operating income/(loss)
(84
)
(1
)
(1
)
1,674

—

1,588

Income from equity investments
2

35

—

297

(1
)
333

Equity earnings from consolidated subsidiaries
1,109

284

296

451

(2,140
)
—

Other
 
 
 
 
 
 
Net foreign currency gain/(loss)
(163
)
—

—

1

119

(43
)
Other, including other income from affiliates
512

—

46

177

(654
)
81

Interest expense
(299
)
(79
)
(139
)
(786
)
659

(644
)
Earnings before income taxes
1,077

239

202

1,814

(2,017
)
1,315

Income tax (expense)/recovery
(32
)
10

—

(325
)
92

(255
)
Earnings
1,045

249

202

1,489

(1,925
)
1,060

Earnings attributable to noncontrolling interests and redeemable noncontrolling interests
—

—

—

—

(15
)
(15
)
Earnings attributable to controlling interests
1,045

249

202

1,489

(1,940
)
1,045

Preference share dividends
(96
)
—

—

—

—

(96
)
Earnings attributable to common shareholders
949

249

202

1,489

(1,940
)
949

Earnings
1,045

249

202

1,489

(1,925
)
1,060

Total other comprehensive income/(loss)
465

(46
)
8

162

(98
)
491

Comprehensive income
1,510

203

210

1,651

(2,023
)
1,551

Comprehensive income attributable to noncontrolling interests
—

—

—

—

(41
)
(41
)
Comprehensive income attributable to controlling interests
1,510

203

210

1,651

(2,064
)
1,510





Condensed Consolidating Statements of Earnings and Comprehensive Income for the three months ended September 30, 2018
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Operating revenues
 
 
 
 
 
 
Commodity sales
—

—

—

6,919

—

6,919

Gas distribution sales
—

—

—

478

—

478

Transportation and other services
—

—

—

3,948

—

3,948

Total operating revenues
—

—

—

11,345

—

11,345

Operating Expenses
 
 
 
 
 
 
Commodity costs
—

—

—

6,905

—

6,905

Gas distribution costs
—

—

—

112

—

112

Operating and administrative
56

8

4

1,604

(20
)
1,652

Depreciation and amortization
15

—

—

784

—

799

Impairment of long-lived assets
—

—

—

4

—

4

Impairment of goodwill
—

—

—

1,019

—

1,019

Total operating expenses
71

8

4

10,428

(20
)
10,491

Operating income/(loss)
(71
)
(8
)
(4
)
917

20

854

Income from equity investments
312

38

—

339

(311
)
378

Equity earnings/(losses) from consolidated subsidiaries
(272
)
527

238

613

(1,106
)
—

Other
 
 
 
 
 
 
Net foreign currency gain/(loss)
97

(2
)
—

(15
)
(23
)
57

Other, including other income/(expense) from affiliates
214

—

42

(57
)
(232
)
(33
)
Interest expense
(272
)
(77
)
(140
)
(423
)
216

(696
)
Earnings before income taxes
8

478

136

1,374

(1,436
)
560

Income tax expense
(4
)
—

(1
)
(309
)
(33
)
(347
)
Earnings
4

478

135

1,065

(1,469
)
213

Earnings attributable to noncontrolling interests and redeemable noncontrolling interests
—

—

—

—

(209
)
(209
)
Earnings attributable to controlling interests
4

478

135

1,065

(1,678
)
4

Preference share dividends
(94
)
—

—

—

—

(94
)
Earnings attributable to common shareholders
(90
)
478

135

1,065

(1,678
)
(90
)
Earnings
4

478

135

1,065

(1,469
)
213

Total other comprehensive income
(707
)
15

15

(163
)
26

(814
)
Comprehensive income/(loss)
(703
)
493

150

902

(1,443
)
(601
)
Comprehensive income attributable to noncontrolling interests
—

—

—

—

(102
)
(102
)
Comprehensive income attributable to controlling interests
(703
)
493

150

902

(1,545
)
(703
)


Condensed Consolidating Statements of Earnings and Comprehensive Income for the nine months ended September 30, 2019
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Operating revenues
 
 
 
 
 
 
Commodity sales
—

—

—

22,444

—

22,444

Gas distribution sales
—

—

—

3,085

—

3,085

Transportation and other services
—

—

—

12,188

—

12,188

Total operating revenues
—

—

—

37,717

—

37,717

Operating Expenses
 
 
 
 
 
 
Commodity costs
—

—

—

21,910

—

21,910

Gas distribution costs
—

—

—

1,623

—

1,623

Operating and administrative
104

4

—

4,953

—

5,061

Depreciation and amortization
48

—

—

2,478

—

2,526

Impairment of long-lived assets
—

—

—

105

—

105

Total operating expenses
152

4

—

31,069

—

31,225

Operating income/(loss)
(152
)
(4
)
—

6,648

—

6,492

Income from equity investments
69

97

—

1,059

(66
)
1,159

Equity earnings from consolidated subsidiaries
3,507

1,026

810

1,417

(6,760
)
—

Other
 
 
 
 
 
 
Net foreign currency gain/(loss)
1,314

—

—

(75
)
(928
)
311

Other, including other income from affiliates
1,306

1

140

412

(1,667
)
192

Interest expense
(929
)
(257
)
(433
)
(2,059
)
1,712

(1,966
)
Earnings before income taxes
5,115

863

517

7,402

(7,709
)
6,188

Income tax (expense)/recovery
(252
)
37

—

(1,364
)
304

(1,275
)
Earnings
4,863

900

517

6,038

(7,405
)
4,913

Earnings attributable to noncontrolling interests and redeemable noncontrolling interests
—

—

—

—

(50
)
(50
)
Earnings attributable to controlling interests
4,863

900

517

6,038

(7,455
)
4,863

Preference share dividends
(287
)
—

—

—

—

(287
)
Earnings attributable to common shareholders
4,576

900

517

6,038

(7,455
)
4,576

Earnings
4,863

900

517

6,038

(7,405
)
4,913

Total other comprehensive income/(loss)
(2,138
)
(90
)
37

(706
)
686

(2,211
)
Comprehensive income
2,725

810

554

5,332

(6,719
)
2,702

Comprehensive loss attributable to noncontrolling interests
—

—

—

—

23

23

Comprehensive income attributable to controlling interests
2,725

810

554

5,332

(6,696
)
2,725


Condensed Consolidating Statements of Earnings and Comprehensive Income for the nine months ended September 30, 2018
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Operating revenues
 
 
 
 
 
 
Commodity sales
—

—

—

20,638

—

20,638

Gas distribution sales
—

—

—

3,260

—

3,260

Transportation and other services
—

—

—

10,918

—

10,918

Total operating revenues
—

—

—

34,816

—

34,816

Operating Expenses
 
 
 
 
 
 
Commodity costs
—

—

—

20,180

—

20,180

Gas distribution costs
—

—

—

1,857

—

1,857

Operating and administrative
156

12

13

4,768

(20
)
4,929

Depreciation and amortization
44

—

—

2,408

—

2,452

Impairment of long lived assets
—

—

—

1,076

—

1,076

Impairment of goodwill
—

—

—

1,019

—

1,019

Total operating expenses
200

12

13

31,308

(20
)
31,513

Operating income/(loss)
(200
)
(12
)
(13
)
3,508

20

3,303

Income from equity investments
388

108

—

962

(382
)
1,076

Equity earnings from consolidated subsidiaries
1,722

1,607

670

1,836

(5,835
)
—

Other
 
 
 
 
 
 
Net foreign currency gain/(loss)
(273
)
2

—

(8
)
108

(171
)
Other, including other income from affiliates
732

2

107

(21
)
(759
)
61

Interest expense
(801
)
(221
)
(413
)
(1,379
)
772

(2,042
)
Earnings before income taxes
1,568

1,486

351

4,898

(6,076
)
2,227

Income tax (expense)/recovery
130

—

(1
)
(291
)
(15
)
(177
)
Earnings
1,698

1,486

350

4,607

(6,091
)
2,050

Earnings attributable to noncontrolling interests and redeemable noncontrolling interests
—

—

—

—

(352
)
(352
)
Earnings attributable to controlling interests
1,698

1,486

350

4,607

(6,443
)
1,698

Preference share dividends
(272
)
—

—

—

—

(272
)
Earnings attributable to common shareholders
1,426

1,486

350

4,607

(6,443
)
1,426

Earnings
1,698

1,486

350

4,607

(6,091
)
2,050

Total other comprehensive income
1,543

45

29

252

(132
)
1,737

Comprehensive income
3,241

1,531

379

4,859

(6,223
)
3,787

Comprehensive income attributable to noncontrolling interests
—

—

—

—

(546
)
(546
)
Comprehensive income attributable to controlling interests
3,241

1,531

379

4,859

(6,769
)
3,241





Condensed Consolidating Statements of Financial Position as at September 30, 2019
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Assets
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
Cash and cash equivalents
—

6

1

808

—

815

Restricted cash
9

—

—

48

—

57

Accounts receivable and other
164

1

7

5,661

—

5,833

Accounts receivable from affiliates
783

3

28

1,370

(2,095
)
89

Short-term loans receivable from affiliates
3,992

—

5,175

5,160

(14,327
)
—

Inventory
—

—

—

1,261

—

1,261

 
4,948

10

5,211

14,308

(16,422
)
8,055

Property, plant and equipment, net
202

—

—

94,177

—

94,379

Long-term loans receivable from affiliates
51,727

73

2,437

40,637

(94,874
)
—

Investments in subsidiaries
79,746

18,903

6,077

15,319

(120,045
)
—

Long-term investments
1,752

950

—

14,710

(581
)
16,831

Restricted long-term investments
—

—

—

413

—

413

Deferred amounts and other assets
1,527

1

4

9,709

(1,375
)
9,866

Intangible assets, net
232

—

—

1,984

—

2,216

Goodwill
—

—

—

33,668

—

33,668

Deferred income taxes
681

—

—

532

—

1,213

Total assets
140,815

19,937

13,729

225,457

(233,297
)
166,641

 
 
 
 
 
 
 
Liabilities and equity
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
Short-term borrowings
—

—

—

1,269

—

1,269

Accounts payable and other
921

31

2

6,376

(200
)
7,130

Accounts payable to affiliates
842

1

1,384

(85
)
(2,095
)
47

Interest payable
222

24

89

231

—

566

Short-term loans payable to affiliates
367

2,437

2,356

9,167

(14,327
)
—

Current portion of long-term debt
2,092

529

662

1,253

—

4,536

 
4,444

3,022

4,493

18,211

(16,622
)
13,548

Long-term debt
25,232

4,526

4,528

26,593

—

60,879

Other long-term liabilities
2,361

35

21

8,391

(1,375
)
9,433

Long-term loans payable to affiliates
39,936



1,456

53,482

(94,874
)
—

Deferred income taxes
—

266

—

14,218

(4,379
)
10,105

 
71,973

7,849

10,498

120,895

(117,250
)
93,965

Equity
 
 
 
 
 
 
Controlling interests1
68,842

12,088

3,231

104,562

(119,436
)
69,287

Noncontrolling interests
—

—

—

—

3,389

3,389

 
68,842

12,088

3,231

104,562

(116,047
)
72,676

Total liabilities and equity
140,815

19,937

13,729

225,457

(233,297
)
166,641

1 Equity attributable to controlling interests for parent issuer and guarantor excludes reciprocal shareholding balance included within consolidating and elimination adjustments.








Condensed Consolidating Statements of Financial Position as at December 31, 2018
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Assets
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
Cash and cash equivalents
—

16

—

502

—

518

Restricted cash
9

—

—

110

—

119

Accounts receivable and other
283

15

8

6,211

—

6,517

Accounts receivable from affiliates
726

—

13

(142
)
(518
)
79

Short-term loans receivable from affiliates
3,943

—

3,689

653

(8,285
)
—

Inventory
—

—

—

1,339

—

1,339

 
4,961

31

3,710

8,673

(8,803
)
8,572

Property, plant and equipment, net
140

—

—

94,400

—

94,540

Long-term loans receivable from affiliates
10,318

73

2,539

1,344

(14,274
)
—

Investments in subsidiaries
78,474

19,777

6,363

15,567

(120,181
)
—

Long-term investments
4,561

987

—

14,841

(3,682
)
16,707

Restricted long-term investments
—

—

—

323

—

323

Deferred amounts and other assets
1,700

9

17

8,558

(1,726
)
8,558

Intangible assets, net
234

—

—

2,138

—

2,372

Goodwill
—

—

—

34,459

—

34,459

Deferred income taxes
817

—

—

229

328

1,374

Total assets
101,205

20,877

12,629

180,532

(148,338
)
166,905

 
 
 
 
 
 
 
Liabilities and equity
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
Short-term borrowings
—

—

—

1,024

—

1,024

Accounts payable and other
2,742

7

34

7,086

(6
)
9,863

Accounts payable to affiliates
946

233

56

(677
)
(518
)
40

Interest payable
283

56

105

225

—

669

Short-term loans payable to affiliates
426

682

—

7,177

(8,285
)
—

Current portion of long-term debt
1,853

—

683

723

—

3,259

 
6,250

978

878

15,558

(8,809
)
14,855

Long-term debt
22,893

7,276

6,943

23,215

—

60,327

Other long-term liabilities
2,428

2

30

8,100

(1,726
)
8,834

Long-term loans payable to affiliates
76

—

1,502

12,696

(14,274
)
—

Deferred income taxes
—

331

—

13,523

(4,400
)
9,454

 
31,647

8,587

9,353

73,092

(29,209
)
93,470

Equity
 
 
 
 
 
 
Controlling interests1
69,558

12,290

3,276

107,440

(123,094
)
69,470

Noncontrolling interests
—

—

—

—

3,965

3,965

 
69,558

12,290

3,276

107,440

(119,129
)
73,435

Total liabilities and equity
101,205

20,877

12,629

180,532

(148,338
)
166,905

1 Equity attributable to controlling interests for parent issuer and guarantor excludes reciprocal shareholding balance included within consolidating and elimination adjustments.







Condensed Consolidating Statements of Cash Flows for the nine months ended
September 30, 2019
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Net cash provided by operating activities
1,766

1,305

1,027

6,676

(3,369
)
7,405

Investing activities
 
 
 
 
 
 
Capital expenditures
(56
)
—

—

(3,872
)
—

(3,928
)
Long-term investments and restricted long-term investments
(19
)
(10
)
—

(989
)
—

(1,018
)
Distributions from equity investments in excess of cumulative earnings
—

17

850

268

(850
)
285

Additions to intangible assets
(55
)
—

—

(81
)
—

(136
)
Affiliate loans, net
—

—

—

(232
)
—

(232
)
Contributions to subsidiaries
(2,876
)
—

(8
)
—

2,884

—

Return of share capital from subsidiary companies
4,921

—

—

—

(4,921
)
—

Advances to affiliates
(47,536
)
—

(2,088
)
(56,349
)
105,973

—

Repayment of advances to affiliates
5,858

—

501

12,367

(18,726
)
—

Net cash (used in)/provided by investing activities
(39,763
)
7

(745
)
(48,888
)
84,360

(5,029
)
Financing activities
 
 
 
 
 
 
Net change in short-term borrowings
—

—

—

245

—

245

Net change in commercial paper and credit facility draws
4,342

(2,011
)
(1,017
)
2,051

—

3,365

Debenture and term note issues, net of issue costs
—

—

—

2,553

—

2,553

Debenture and term note repayments
(1,450
)
—

(1,189
)
(355
)
—

(2,994
)
Contributions from noncontrolling interests
—

—

—

—

10

10

Distributions to noncontrolling interests
—

—

—

—

(194
)
(194
)
Contributions from redeemable noncontrolling interests
—

—

—

—

—

—

Distributions to redeemable noncontrolling interests
—

—

—

—

—

—

Contributions from parents
—

—

—

2,884

(2,884
)
—

Distributions to parents
—

(1,014
)
(489
)
(7,821
)
9,324

—

Redemption of preferred shares
—

—

—

(300
)
—

(300
)
Common shares issued
18

—

—

—

—

18

Preference share dividends
(287
)
—

—

—

—

(287
)
Common share dividends
(4,480
)
—

—

—

—

(4,480
)
Advances from affiliates
46,917

5,091

4,341

49,624

(105,973
)
—

Repayment of advances from affiliates
(7,063
)
(3,383
)
(1,921
)
(6,359
)
18,726

—

Other
—

(5
)
(6
)
(49
)
—

(60
)
Net cash provided by/(used in) financing activities
37,997

(1,322
)
(281
)
42,473

(80,991
)
(2,124
)
Effect of translation of foreign denominated cash and cash equivalents and restricted cash
—

—

—

(17
)
—

(17
)
Net increase/(decrease) in cash and cash equivalents and restricted cash
—

(10
)
1

244

—

235

Cash and cash equivalents and restricted cash at beginning of period
9

16

—

612

—

637

Cash and cash equivalents and restricted cash at end of period
9

6

1

856

—

872

Condensed Consolidating Statements of Cash Flows for the nine months ended
September 30, 2018
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Net cash (used in)/provided by operating activities
1,449

1,536

(298
)
7,901

(2,589
)
7,999

Investing activities
 
 
 
 
 
 
Capital expenditures
(17
)
—

—

(4,567
)
—

(4,584
)
Long-term investments and restricted long-term investments
(69
)
(12
)
—

(1,077
)
67

(1,091
)
Distributions from equity investments in excess of cumulative earnings
65

29

793

1,214

(858
)
1,243

Additions to intangible assets
(33
)
—

—

(458
)
—

(491
)
Affiliate loans, net
—

—

—

(50
)
—

(50
)
Proceeds from dispositions
—

—

—

1,913

—

1,913

Reimbursement of capital expenditures
—

—

—

—

—

—

Contributions to subsidiaries
(7,179
)
(78
)
(10
)
—

7,267

—

Return of share capital from subsidiary companies
3,624

—

—

—

(3,624
)
—

Advances to affiliates
(5,030
)
—

(1,206
)
(3,380
)
9,616

—

Repayment of advances to affiliates
7,395

515

1,270

2,290

(11,470
)
—

Other
—

—

—

(12
)
—

(12
)
Net cash (used in)/provided by investing activities
(1,244
)
454

847

(4,127
)
998

(3,072
)
Financing activities
 
 
 
 
 
 
Net change in short-term borrowings
—

—

—

(196
)
—

(196
)
Net change in commercial paper and credit facility draws
(341
)
(758
)
286

(1,545
)
—

(2,358
)
Debenture and term note issues, net of issue costs
2,556

—

—

981

—

3,537

Debenture and term note repayments
—

(644
)
(509
)
(2,604
)
—

(3,757
)
Sale of noncontrolling interest in subsidiary
—

—

—

1,289

—

1,289

Contributions from noncontrolling interests
—

—

—

—

23

23

Distributions to noncontrolling interests
—

—

—

—

(637
)
(637
)
Contributions from redeemable noncontrolling interests
—

—

—

—

62

62

Distributions to redeemable noncontrolling interests
—

—

—

—

(264
)
(264
)
Contributions from parents
—

—

—

7,267

(7,267
)
—

Distributions to parents
—

(1,407
)
(499
)
(5,914
)
7,820

—

Common shares issued
17

—

—

—

—

17

Preference share dividends
(268
)
—

—

—

—

(268
)
Common share dividends
(2,254
)
—

—

—

—

(2,254
)
Advances from affiliates
535

821

2,024

6,236

(9,616
)
—

Repayment of advances from affiliates
(443
)
—

(1,847
)
(9,180
)
11,470

—

Other
—

(6
)
(3
)
4

—

(5
)
Net cash provided by/(used in) financing activities
(198
)
(1,994
)
(548
)
(3,662
)
1,591

(4,811
)
Effect of translation of foreign denominated cash and cash equivalents and restricted cash
—

—

—

23

—

23

Net increase/(decrease) in cash and cash equivalents and restricted cash
7

(4
)
1

135

—

139

Cash and cash equivalents and restricted cash at beginning of period
2

14

—

571

—

587

Cash and cash equivalents and restricted cash at end of period
9

10

1

706

—

726