Condensed Consolidating Financial Information | Note 21. Condensed Consolidating Financial Information EPO conducts all of our business. Currently, we have no independent operations and no material assets outside those of EPO. EPO has issued publicly traded debt securities. As the parent company of EPO, EPD guarantees substantially all of the debt obligations of EPO. If EPO were to default on any of its guaranteed debt, EPD would be responsible for full and unconditional repayment of that obligation. See Note 7 for additional information regarding our consolidated debt obligations. EPO’s consolidated subsidiaries have no significant restrictions on their ability to pay distributions or make loans to EPD. Enterprise Products Partners L.P. Condensed Consolidating Balance Sheet December 31, 2019 EPO and Subsidiaries Subsidiary Issuer (EPO) Other Subsidiaries (Non- guarantor) EPO and Subsidiaries Eliminations and Adjustments Consolidated EPO and Subsidiaries Enterprise Products Partners L.P. (Guarantor) Eliminations and Adjustments Consolidated Total ASSETS Current assets: Cash and cash equivalents and restricted cash $ 109.2 $ 315.8 $ (15.1 ) $ 409.9 $ 0.1 $ – $ 410.0 Accounts receivable – trade, net 1,471.1 3,403.8 (1.3 ) 4,873.6 – – 4,873.6 Accounts receivable – related parties 233.1 799.9 (1,023.6 ) 9.4 – (6.9 ) 2.5 Inventories 1,351.3 740.4 (0.3 ) 2,091.4 – – 2,091.4 Derivative assets 115.2 12.0 – 127.2 – – 127.2 Prepaid and other current assets 221.0 183.5 (46.3 ) 358.2 – – 358.2 Total current assets 3,500.9 5,455.4 (1,086.6 ) 7,869.7 0.1 (6.9 ) 7,862.9 Property, plant and equipment, net 6,413.3 35,233.6 (43.5 ) 41,603.4 – – 41,603.4 Investments in unconsolidated affiliates 45,514.0 4,165.7 (47,079.5 ) 2,600.2 25,279.3 (25,279.3 ) 2,600.2 Intangible assets, net 636.7 2,852.3 (40.0 ) 3,449.0 – – 3,449.0 Goodwill 459.5 5,285.7 – 5,745.2 – – 5,745.2 Other assets 404.9 288.5 (221.9 ) 471.5 1.0 – 472.5 Total assets $ 56,929.3 $ 53,281.2 $ (48,471.5 ) $ 61,739.0 $ 25,280.4 $ (25,286.2 ) $ 61,733.2 LIABILITIES AND EQUITY Current liabilities: Current maturities of debt $ 1,981.9 $ – $ – $ 1,981.9 $ – $ – $ 1,981.9 Accounts payable – trade 301.4 717.7 (14.6 ) 1,004.5 – – 1,004.5 Accounts payable – related parties 977.5 222.3 (1,037.5 ) 162.3 6.9 (6.9 ) 162.3 Accrued product payables 1,895.4 3,021.9 (1.6 ) 4,915.7 – – 4,915.7 Accrued interest 431.6 0.9 (0.8 ) 431.7 – – 431.7 Derivative liabilities 114.2 8.2 – 122.4 – – 122.4 Other current liabilities 120.5 438.2 (47.3 ) 511.4 – (0.2 ) 511.2 Total current liabilities 5,822.5 4,409.2 (1,101.8 ) 9,129.9 6.9 (7.1 ) 9,129.7 Long-term debt 25,628.6 14.6 – 25,643.2 – – 25,643.2 Deferred tax liabilities 22.2 75.6 (0.8 ) 97.0 – 3.4 100.4 Other long-term liabilities 161.2 608.9 (247.2 ) 522.9 509.5 – 1,032.4 Commitments and contingencies Equity: Partners’ and other owners’ equity 25,294.8 48,107.6 (48,155.3 ) 25,247.1 24,764.0 (25,247.1 ) 24,764.0 Noncontrolling interests – 65.3 1,033.6 1,098.9 – (35.4 ) 1,063.5 Total equity 25,294.8 48,172.9 (47,121.7 ) 26,346.0 24,764.0 (25,282.5 ) 25,827.5 Total liabilities and equity $ 56,929.3 $ 53,281.2 $ (48,471.5 ) $ 61,739.0 $ 25,280.4 $ (25,286.2 ) $ 61,733.2 Enterprise Products Partners L.P. Condensed Consolidating Balance Sheet December 31, 2018 EPO and Subsidiaries Subsidiary Issuer (EPO) Other Subsidiaries (Non- guarantor) EPO and Subsidiaries Eliminations and Adjustments Consolidated EPO and Subsidiaries Enterprise Products Partners L.P. (Guarantor) Eliminations and Adjustments Consolidated Total ASSETS Current assets: Cash and cash equivalents and restricted cash $ 393.4 $ 50.3 $ (33.6 ) $ 410.1 $ – $ – $ 410.1 Accounts receivable – trade, net 1,303.1 2,356.8 (0.8 ) 3,659.1 – – 3,659.1 Accounts receivable – related parties 141.8 1,423.7 (1,530.1 ) 35.4 0.8 (32.7 ) 3.5 Inventories 889.3 633.2 (0.4 ) 1,522.1 – – 1,522.1 Derivative assets 105.0 49.1 0.3 154.4 – – 154.4 Prepaid and other current assets 166.0 155.1 (10.2 ) 310.9 – 0.6 311.5 Total current assets 2,998.6 4,668.2 (1,574.8 ) 6,092.0 0.8 (32.1 ) 6,060.7 Property, plant and equipment, net 6,112.7 32,628.7 (3.8 ) 38,737.6 – – 38,737.6 Investments in unconsolidated affiliates 43,962.6 4,170.6 (45,518.1 ) 2,615.1 24,273.6 (24,273.6 ) 2,615.1 Intangible assets, net 659.2 2,963.0 (13.8 ) 3,608.4 – – 3,608.4 Goodwill 459.5 5,285.7 – 5,745.2 – – 5,745.2 Other assets 292.1 131.9 (222.1 ) 201.9 0.9 – 202.8 Total assets $ 54,484.7 $ 49,848.1 $ (47,332.6 ) $ 57,000.2 $ 24,275.3 $ (24,305.7 ) $ 56,969.8 LIABILITIES AND EQUITY Current liabilities: Current maturities of debt $ 1,500.0 $ 0.1 $ – $ 1,500.1 $ – $ – $ 1,500.1 Accounts payable – trade 404.0 734.3 (35.5 ) 1,102.8 – – 1,102.8 Accounts payable – related parties 1,557.3 127.5 (1,543.9 ) 140.9 31.9 (32.6 ) 140.2 Accrued product payables 1,574.7 1,902.3 (1.2 ) 3,475.8 – – 3,475.8 Accrued interest 395.5 0.9 (0.8 ) 395.6 – – 395.6 Derivative liabilities 86.2 61.7 0.3 148.2 – – 148.2 Other current liabilities 87.9 326.3 (9.4 ) 404.8 – – 404.8 Total current liabilities 5,605.6 3,153.1 (1,590.5 ) 7,168.2 31.9 (32.6 ) 7,167.5 Long-term debt 24,663.4 14.7 – 24,678.1 – – 24,678.1 Deferred tax liabilities 17.0 62.0 (0.9 ) 78.1 – 2.3 80.4 Other long-term liabilities 65.2 518.4 (221.9 ) 361.7 389.9 – 751.6 Commitments and contingencies Equity: Partners’ and other owners’ equity 24,133.5 46,031.8 (45,917.9 ) 24,247.4 23,853.5 (24,247.4 ) 23,853.5 Noncontrolling interests – 68.1 398.6 466.7 – (28.0 ) 438.7 Total equity 24,133.5 46,099.9 (45,519.3 ) 24,714.1 23,853.5 (24,275.4 ) 24,292.2 Total liabilities and equity $ 54,484.7 $ 49,848.1 $ (47,332.6 ) $ 57,000.2 $ 24,275.3 $ (24,305.7 ) $ 56,969.8 Enterprise Products Partners L.P. Condensed Consolidating Statement of Operations For the Year Ended December 31, 2019 EPO and Subsidiaries Subsidiary Issuer (EPO) Other Subsidiaries (Non- guarantor) EPO and Subsidiaries Eliminations and Adjustments Consolidated EPO and Subsidiaries Enterprise Products Partners L.P. (Guarantor) Eliminations and Adjustments Consolidated Total Revenues $ 35,396.9 $ 21,849.0 $ (24,456.7 ) $ 32,789.2 $ – $ – $ 32,789.2 Costs and expenses: Operating costs and expenses 34,074.1 17,438.7 (24,451.0 ) 27,061.8 – – 27,061.8 General and administrative costs 32.2 174.2 3.1 209.5 2.2 – 211.7 Total costs and expenses 34,106.3 17,612.9 (24,447.9 ) 27,271.3 2.2 – 27,273.5 Equity in income of unconsolidated affiliates 4,667.1 648.7 (4,752.8 ) 563.0 4,713.0 (4,713.0 ) 563.0 Operating income 5,957.7 4,884.8 (4,761.6 ) 6,080.9 4,710.8 (4,713.0 ) 6,078.7 Other income (expense): Interest expense (1,243.8 ) (10.5 ) 11.3 (1,243.0 ) – – (1,243.0 ) Other, net 19.8 8.0 (11.3 ) 16.5 (119.5 ) – (103.0 ) Total other expense, net (1,224.0 ) (2.5 ) – (1,226.5 ) (119.5 ) – (1,346.0 ) Income before income taxes 4,733.7 4,882.3 (4,761.6 ) 4,854.4 4,591.3 (4,713.0 ) 4,732.7 Provision for income taxes (16.5 ) (28.3 ) 0.3 (44.5 ) – (1.1 ) (45.6 ) Net income 4,717.2 4,854.0 (4,761.3 ) 4,809.9 4,591.3 (4,714.1 ) 4,687.1 Net loss (income) attributable to noncontrolling interests – (6.6 ) (94.7 ) (101.3 ) – 5.5 (95.8 ) Net income attributable to entity $ 4,717.2 $ 4,847.4 $ (4,856.0 ) $ 4,708.6 $ 4,591.3 $ (4,708.6 ) $ 4,591.3 Enterprise Products Partners L.P. Condensed Consolidating Statement of Operations For the Year Ended December 31, 2018 EPO and Subsidiaries Subsidiary Issuer (EPO) Other Subsidiaries (Non- guarantor) EPO and Subsidiaries Eliminations and Adjustments Consolidated EPO and Subsidiaries Enterprise Products Partners L.P. (Guarantor) Eliminations and Adjustments Consolidated Total Revenues $ 42,946.4 $ 23,756.4 $ (30,168.6 ) $ 36,534.2 $ – $ – $ 36,534.2 Costs and expenses: Operating costs and expenses 41,718.2 19,845.2 (30,166.1 ) 31,397.3 – – 31,397.3 General and administrative costs 31.8 172.0 2.1 205.9 2.3 0.1 208.3 Total costs and expenses 41,750.0 20,017.2 (30,164.0 ) 31,603.2 2.3 0.1 31,605.6 Equity in income of unconsolidated affiliates 4,148.3 587.2 (4,255.5 ) 480.0 4,230.8 (4,230.8 ) 480.0 Operating income 5,344.7 4,326.4 (4,260.1 ) 5,411.0 4,228.5 (4,230.9 ) 5,408.6 Other income (expense): Interest expense (1,097.1 ) (10.5 ) 10.9 (1,096.7 ) – – (1,096.7 ) Other, net 12.1 41.8 (10.9 ) 43.0 (56.1 ) – (13.1 ) Total other expense, net (1,085.0 ) 31.3 – (1,053.7 ) (56.1 ) – (1,109.8 ) Income before income taxes 4,259.7 4,357.7 (4,260.1 ) 4,357.3 4,172.4 (4,230.9 ) 4,298.8 Provision for income taxes (29.2 ) (29.6 ) – (58.8 ) – (1.5 ) (60.3 ) Net income 4,230.5 4,328.1 (4,260.1 ) 4,298.5 4,172.4 (4,232.4 ) 4,238.5 Net loss (income) attributable to noncontrolling interests – (7.6 ) (63.8 ) (71.4 ) – 5.3 (66.1 ) Net income attributable to entity $ 4,230.5 $ 4,320.5 $ (4,323.9 ) $ 4,227.1 $ 4,172.4 $ (4,227.1 ) $ 4,172.4 Enterprise Products Partners L.P. Condensed Consolidating Statement of Operations For the Year Ended December 31, 2017 EPO and Subsidiaries Subsidiary Issuer (EPO) Other Subsidiaries (Non- guarantor) EPO and Subsidiaries Eliminations and Adjustments Consolidated EPO and Subsidiaries Enterprise Products Partners L.P. (Guarantor) Eliminations and Adjustments Consolidated Total Revenues $ 40,696.8 $ 18,451.2 $ (29,906.5 ) $ 29,241.5 $ – $ – $ 29,241.5 Costs and expenses: Operating costs and expenses 39,809.6 15,654.9 (29,907.0 ) 25,557.5 – – 25,557.5 General and administrative costs 31.4 148.0 (0.1 ) 179.3 1.8 – 181.1 Total costs and expenses 39,841.0 15,802.9 (29,907.1 ) 25,736.8 1.8 – 25,738.6 Equity in income of unconsolidated affiliates 2,990.1 566.8 (3,130.9 ) 426.0 2,865.4 (2,865.4 ) 426.0 Operating income 3,845.9 3,215.1 (3,130.3 ) 3,930.7 2,863.6 (2,865.4 ) 3,928.9 Other income (expense): Interest expense (982.5 ) (11.8 ) 9.7 (984.6 ) – – (984.6 ) Other, net 9.2 1.8 (9.7 ) 1.3 (64.3 ) – (63.0 ) Total other expense, net (973.3 ) (10.0 ) – (983.3 ) (64.3 ) – (1,047.6 ) Income before income taxes 2,872.6 3,205.1 (3,130.3 ) 2,947.4 2,799.3 (2,865.4 ) 2,881.3 Provision for income taxes (12.0 ) (13.7 ) – (25.7 ) – – (25.7 ) Net income 2,860.6 3,191.4 (3,130.3 ) 2,921.7 2,799.3 (2,865.4 ) 2,855.6 Net loss (income) attributable to noncontrolling interests – (6.5 ) (55.1 ) (61.6 ) – 5.3 (56.3 ) Net income attributable to entity $ 2,860.6 $ 3,184.9 $ (3,185.4 ) $ 2,860.1 $ 2,799.3 $ (2,860.1 ) $ 2,799.3 Enterprise Products Partners L.P. Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2019 EPO and Subsidiaries Subsidiary Issuer (EPO) Other Subsidiaries (Non- guarantor) EPO and Subsidiaries Eliminations and Adjustments Consolidated EPO and Subsidiaries Enterprise Products Partners L.P. (Guarantor) Eliminations and Adjustments Consolidated Total Comprehensive income $ 4,890.2 $ 4,701.5 $ (4,761.3 ) $ 4,830.4 $ 4,611.8 $ (4,734.6 ) $ 4,707.6 Comprehensive loss (income) attributable to noncontrolling interests – (6.6 ) (94.7 ) (101.3 ) – 5.5 (95.8 ) Comprehensive income attributable to entity $ 4,890.2 $ 4,694.9 $ (4,856.0 ) $ 4,729.1 $ 4,611.8 $ (4,729.1 ) $ 4,611.8 Enterprise Products Partners L.P. Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2018 EPO and Subsidiaries Subsidiary Issuer (EPO) Other Subsidiaries (Non- guarantor) EPO and Subsidiaries Eliminations and Adjustments Consolidated EPO and Subsidiaries Enterprise Products Partners L.P. (Guarantor) Eliminations and Adjustments Consolidated Total Comprehensive income $ 4,312.6 $ 4,468.5 $ (4,260.1 ) $ 4,521.0 $ 4,395.0 $ (4,454.9 ) $ 4,461.1 Comprehensive loss (income) attributable to noncontrolling interests – (7.6 ) (63.8 ) (71.4 ) – 5.3 (66.1 ) Comprehensive income attributable to entity $ 4,312.6 $ 4,460.9 $ (4,323.9 ) $ 4,449.6 $ 4,395.0 $ (4,449.6 ) $ 4,395.0 Enterprise Products Partners L.P. Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2017 EPO and Subsidiaries Subsidiary Issuer (EPO) Other Subsidiaries (Non- guarantor) EPO and Subsidiaries Eliminations and Adjustments Consolidated EPO and Subsidiaries Enterprise Products Partners L.P. (Guarantor) Eliminations and Adjustments Consolidated Total Comprehensive income $ 2,951.7 $ 3,208.6 $ (3,130.2 ) $ 3,030.1 $ 2,907.6 $ (2,973.8 ) $ 2,963.9 Comprehensive loss (income) attributable to noncontrolling interests – (6.5 ) (55.1 ) (61.6 ) – 5.3 (56.3 ) Comprehensive income attributable to entity $ 2,951.7 $ 3,202.1 $ (3,185.3 ) $ 2,968.5 $ 2,907.6 $ (2,968.5 ) $ 2,907.6 Enterprise Products Partners L.P. Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2019 EPO and Subsidiaries Subsidiary Issuer (EPO) Other Subsidiaries (Non- guarantor) EPO and Subsidiaries Eliminations and Adjustments Consolidated EPO and Subsidiaries Enterprise Products Partners L.P. (Guarantor) Eliminations and Adjustments Consolidated Total Operating activities: Net income $ 4,717.2 $ 4,854.0 $ (4,761.3 ) $ 4,809.9 $ 4,591.3 $ (4,714.1 ) $ 4,687.1 Reconciliation of net income to net cash flows provided by operating activities: Depreciation, amortization and accretion 309.0 1,642.7 (2.4 ) 1,949.3 – – 1,949.3 Equity in income of unconsolidated affiliates (4,667.1 ) (648.7 ) 4,752.8 (563.0 ) (4,713.0 ) 4,713.0 (563.0 ) Distributions received from unconsolidated affiliates attributable to earnings 1,560.7 317.7 (1,310.4 ) 568.0 4,005.8 (4,005.8 ) 568.0 Net effect of changes in operating accounts and other operating activities 3,007.5 (3,294.0 ) 35.5 (251.0 ) 129.9 0.2 (120.9 ) Net cash flows provided by operating activities 4,927.3 2,871.7 (1,285.8 ) 6,513.2 4,014.0 (4,006.7 ) 6,520.5 Investing activities: Capital expenditures (675.4 ) (3,850.2 ) (6.1 ) (4,531.7 ) – – (4,531.7 ) Proceeds from asset sales 2.3 18.3 – 20.6 – – 20.6 Other investing activities (2,080.6 ) 3.7 2,012.5 (64.4 ) (119.3 ) 119.3 (64.4 ) Cash used in investing activities (2,753.7 ) (3,828.2 ) 2,006.4 (4,575.5 ) (119.3 ) 119.3 (4,575.5 ) Financing activities: Borrowings under debt agreements 58,172.6 – – 58,172.6 – – 58,172.6 Repayments of debt (56,716.4 ) (0.1 ) – (56,716.5 ) – – (56,716.5 ) Cash distributions paid to partners (4,005.8 ) (1,871.7 ) 1,871.7 (4,005.8 ) (3,839.8 ) 4,005.8 (3,839.8 ) Cash payments made in connection with DERs – – – – (22.1 ) – (22.1 ) Cash distributions paid to noncontrolling interests – (9.5 ) (97.6 ) (107.1 ) – 0.9 (106.2 ) Cash contributions from noncontrolling interests – – 632.8 632.8 – – 632.8 Net cash proceeds from issuance of common units – – – – 82.2 – 82.2 Common units acquired in connection with 2019 Buyback Program – – – – (81.1 ) – (81.1 ) Cash contributions from owners 119.3 3,109.0 (3,109.0 ) 119.3 – (119.3 ) – Other financing activities (27.5 ) (5.7 ) – (33.2 ) (33.8 ) – (67.0 ) Cash provided by (used in) financing activities (2,457.8 ) 1,222.0 (702.1 ) (1,937.9 ) (3,894.6 ) 3,887.4 (1,945.1 ) Net change in cash and cash equivalents, including restricted cash (284.2 ) 265.5 18.5 (0.2 ) 0.1 – (0.1 ) Cash and cash equivalents, including restricted cash, January 1 393.4 50.3 (33.6 ) 410.1 – – 410.1 Cash and cash equivalents, including restricted cash, December 31 $ 109.2 $ 315.8 $ (15.1 ) $ 409.9 $ 0.1 $ – $ 410.0 Enterprise Products Partners L.P. Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2018 EPO and Subsidiaries Subsidiary Issuer (EPO) Other Subsidiaries (Non- guarantor) EPO and Subsidiaries Eliminations and Adjustments Consolidated EPO and Subsidiaries Enterprise Products Partners L.P. (Guarantor) Eliminations and Adjustments Consolidated Total Operating activities: Net income $ 4,230.5 $ 4,328.1 $ (4,260.1 ) $ 4,298.5 $ 4,172.4 $ (4,232.4 ) $ 4,238.5 Reconciliation of net income to net cash flows provided by operating activities: Depreciation, amortization and accretion 279.9 1,512.1 (0.4 ) 1,791.6 – – 1,791.6 Equity in income of unconsolidated affiliates (4,148.3 ) (587.2 ) 4,255.5 (480.0 ) (4,230.8 ) 4,230.8 (480.0 ) Distributions received from unconsolidated affiliates attributable to earnings 1,248.9 263.0 (1,032.5 ) 479.4 3,780.0 (3,780.0 ) 479.4 Net effect of changes in operating accounts and other operating activities 3,221.5 (3,244.2 ) (2.3 ) (25.0 ) 121.2 0.6 96.8 Net cash flows provided by operating activities 4,832.5 2,271.8 (1,039.8 ) 6,064.5 3,842.8 (3,781.0 ) 6,126.3 Investing activities: Capital expenditures (692.0 ) (3,476.0 ) – (4,168.0 ) (55.2 ) – (4,223.2 ) Cash used for business combinations, net of cash received – (150.6 ) – (150.6 ) – – (150.6 ) Proceeds from asset sales 129.3 31.9 – 161.2 – – 161.2 Other investing activities (2,288.2 ) 196.2 2,023.0 (69.0 ) (523.3 ) 523.3 (69.0 ) Cash used in investing activities (2,850.9 ) (3,398.5 ) 2,023.0 (4,226.4 ) (578.5 ) 523.3 (4,281.6 ) Financing activities: Borrowings under debt agreements 79,588.7 11.5 (11.5 ) 79,588.7 – – 79,588.7 Repayments of debt (77,956.7 ) (0.4 ) – (77,957.1 ) – – (77,957.1 ) Cash distributions paid to partners (3,780.0 ) (1,333.1 ) 1,333.1 (3,780.0 ) (3,726.9 ) 3,780.0 (3,726.9 ) Cash payments made in connection with DERs – – – – (17.7 ) – (17.7 ) Cash distributions paid to noncontrolling interests – (9.2 ) (73.4 ) (82.6 ) – 1.0 (81.6 ) Cash contributions from noncontrolling interests – – 238.1 238.1 – – 238.1 Net cash proceeds from issuance of common units – – – – 538.4 – 538.4 Common units acquired in connection with Legacy Buyback Program – – – – (30.8 ) – (30.8 ) Cash contributions from owners 523.3 2,476.7 (2,476.7 ) 523.3 – (523.3 ) – Other financing activities (28.7 ) – – (28.7 ) (27.3 ) – (56.0 ) Cash provided by (used in) financing activities (1,653.4 ) 1,145.5 (990.4 ) (1,498.3 ) (3,264.3 ) 3,257.7 (1,504.9 ) Net change in cash and cash equivalents, including restricted cash 328.2 18.8 (7.2 ) 339.8 – – 339.8 Cash and cash equivalents, including restricted cash, January 1 65.2 31.5 (26.4 ) 70.3 – – 70.3 Cash and cash equivalents, including restricted cash, December 31 $ 393.4 $ 50.3 $ (33.6 ) $ 410.1 $ – $ – $ 410.1 Enterprise Products Partners L.P. Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2017 EPO and Subsidiaries Subsidiary Issuer (EPO) Other Subsidiaries (Non- guarantor) EPO and Subsidiaries Eliminations and Adjustments Consolidated EPO and Subsidiaries Enterprise Products Partners L.P. (Guarantor) Eliminations and Adjustments Consolidated Total Operating activities: Net income $ 2,860.6 $ 3,191.4 $ (3,130.3 ) $ 2,921.7 $ 2,799.3 $ (2,865.4 ) $ 2,855.6 Reconciliation of net income to net cash flows provided by operating activities: Depreciation, amortization and accretion 216.6 1,427.8 (0.4 ) 1,644.0 – – 1,644.0 Equity in income of unconsolidated affiliates (2,990.1 ) (566.8 ) 3,130.9 (426.0 ) (2,865.4 ) 2,865.4 (426.0 ) Distributions received from unconsolidated affiliates attributable to earnings 1,162.8 272.7 (1,001.8 ) 433.7 3,574.6 (3,574.6 ) 433.7 Net effect of changes in operating accounts and other operating activities 2,812.2 (2,726.3 ) (19.1 ) 66.8 93.2 (1.0 ) 159.0 Net cash flows provided by operating activities 4,062.1 1,598.8 (1,020.7 ) 4,640.2 3,601.7 (3,575.6 ) 4,666.3 Investing activities: Capital expenditures (846.8 ) (2,255.0 ) – (3,101.8 ) – – (3,101.8 ) Cash used for business combinations, net of cash received (7.3 ) (191.4 ) – (198.7 ) – – (198.7 ) Proceeds from asset sales 17.0 23.1 – 40.1 – – 40.1 Other investing activities (1,908.5 ) (28.0 ) 1,910.8 (25.7 ) (1,060.5 ) 1,060.5 (25.7 ) Cash used in investing activities (2,745.6 ) (2,451.3 ) 1,910.8 (3,286.1 ) (1,060.5 ) 1,060.5 (3,286.1 ) Financing activities: Borrowings under debt agreements 69,349.3 – (34.0 ) 69,315.3 – – 69,315.3 Repayments of debt (68,459.5 ) (0.1 ) – (68,459.6 ) – – (68,459.6 ) Cash distributions paid to partners (3,574.6 ) (1,065.3 ) 1,065.3 (3,574.6 ) (3,569.9 ) 3,574.6 (3,569.9 ) Cash payments made in connection with DERs – – – – (15.1 ) – (15.1 ) Cash distributions paid to noncontrolling interests – (9.6 ) (40.6 ) (50.2 ) – 1.0 (49.2 ) Cash contributions from noncontrolling interests – 0.1 0.3 0.4 – – 0.4 Net cash proceeds from issuance of common units – – – – 1,073.4 – 1,073.4 Cash contributions from owners 1,060.5 1,900.0 (1,900.0 ) 1,060.5 – (1,060.5 ) – Other financing activities 6.8 – – 6.8 (29.6 ) – (22.8 ) Cash provided by (used in) financing activities (1,617.5 ) 825.1 (909.0 ) (1,701.4 ) (2,541.2 ) 2,515.1 (1,727.5 ) Net change in cash and cash equivalents, including restricted cash (301.0 ) (27.4 ) (18.9 ) (347.3 ) – – (347.3 ) Cash and cash equivalents, including restricted cash, January 1 366.2 58.9 (7.5 ) 417.6 – – 417.6 Cash and cash equivalents, including restricted cash, December 31 $ 65.2 $ 31.5 $ (26.4 ) $ 70.3 $ – $ – $ 70.3 |