2014 Q2 Form 10-Q Financial Statement

#000159200014000012 Filed on August 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $927.2M $602.8M $588.0M
YoY Change 57.69%
Cost Of Revenue $661.9M $456.7M $448.7M
YoY Change 47.52%
Gross Profit $191.4M $146.1M $100.1M
YoY Change 91.21%
Gross Profit Margin 20.64% 24.24% 17.02%
Selling, General & Admin $26.60M $12.80M $20.40M
YoY Change 30.39%
% of Gross Profit 13.9% 8.76% 20.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.00M $48.40M $46.20M
YoY Change 62.34%
% of Gross Profit 39.18% 33.13% 46.15%
Operating Expenses $175.5M $101.4M $96.70M
YoY Change 81.49%
Operating Profit $89.80M $44.70M $42.60M
YoY Change 110.8%
Interest Expense -$7.200M $4.600M $3.400M
YoY Change -311.76%
% of Operating Profit -8.02% 10.29% 7.98%
Other Income/Expense, Net -$8.900M $0.00 $3.400M
YoY Change -361.76%
Pretax Income $80.90M $49.30M $46.00M
YoY Change 75.87%
Income Tax $18.50M $17.80M $16.50M
% Of Pretax Income 22.87% 36.11% 35.87%
Net Earnings $26.70M $23.00M $32.80M
YoY Change -18.6%
Net Earnings / Revenue 2.88% 3.82% 5.58%
Basic Earnings Per Share $0.18 $0.00
Diluted Earnings Per Share $0.18 $141.0K $0.00
COMMON SHARES
Basic Shares Outstanding 164.0M shares
Diluted Shares Outstanding 164.3M shares

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.00M $0.00
YoY Change
Cash & Equivalents $15.90M $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $0.00 $73.00M
YoY Change
Inventory $47.00M $6.000M
Prepaid Expenses
Receivables $54.00M $400.0K
Other Receivables $112.0M $0.00
Total Short-Term Assets $482.5M $78.90M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $4.384B $1.768B
YoY Change
Goodwill $3.694B $401.7M $401.7M
YoY Change 819.47% 0.0%
Intangibles $533.4M $0.00
YoY Change
Long-Term Investments $278.6M $61.10M
YoY Change
Other Assets $7.000M $0.00
YoY Change
Total Long-Term Assets $8.897B $2.231B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $482.5M $78.90M
Total Long-Term Assets $8.897B $2.231B
Total Assets $9.379B $2.310B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.30M $1.700M
YoY Change
Accrued Expenses $75.70M $38.80M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $18.50M $0.00
YoY Change
Total Short-Term Liabilities $458.4M $77.50M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $1.675B $0.00
YoY Change
Other Long-Term Liabilities $92.60M $0.00
YoY Change
Total Long-Term Liabilities $1.768B $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $458.4M $77.50M
Total Long-Term Liabilities $1.768B $0.00
Total Liabilities $2.226B $77.50M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.655B $0.00
YoY Change
Total Liabilities & Shareholders Equity $9.379B $2.310B
YoY Change

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income $26.70M $23.00M $32.80M
YoY Change -18.6%
Depreciation, Depletion And Amortization $75.00M $48.40M $46.20M
YoY Change 62.34%
Cash From Operating Activities $84.70M $105.2M $94.20M
YoY Change -10.08%
INVESTING ACTIVITIES
Capital Expenditures -$238.9M -$43.00M -$56.70M
YoY Change 321.34%
Acquisitions
YoY Change
Other Investing Activities -$79.00M $10.50M -$2.600M
YoY Change 2938.46%
Cash From Investing Activities -$317.9M -$32.50M -$59.30M
YoY Change 436.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 27.90M -72.70M -20.90M
YoY Change -233.49%
NET CHANGE
Cash From Operating Activities 84.70M 105.2M 94.20M
Cash From Investing Activities -317.9M -32.50M -59.30M
Cash From Financing Activities 27.90M -72.70M -20.90M
Net Change In Cash -205.3M -0.00000008941 14.00M
YoY Change -1566.43%
FREE CASH FLOW
Cash From Operating Activities $84.70M $105.2M $94.20M
Capital Expenditures -$238.9M -$43.00M -$56.70M
Free Cash Flow $323.6M $148.2M $150.9M
YoY Change 114.45%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:25px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">(o) Concentrations of Credit Risk</font></div><div style="line-height:120%;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:29px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of trade accounts receivable and derivative financial instruments. Management believes the risk is limited, other than the Company's exposure to Devon discussed below, since the Company's customers represent a broad and diverse group of energy marketers and end users. In addition, the Company continually monitors and reviews credit exposure to its marketing counter-parties and letters of credit or other appropriate security are obtained as considered necessary to limit the risk of loss. The Company records reserves for uncollectible accounts on a specific identification basis since there is not a large volume of late paying customers. The Company had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> reserve for uncollectible receivables as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the three and </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2014</font><font style="font-family:inherit;font-size:10pt;">, the Company had no third party customer that individually represented greater than </font><font style="font-family:inherit;font-size:10pt;">10.0%</font><font style="font-family:inherit;font-size:10pt;"> of its midstream revenues other than affiliate transactions with Devon that represented </font><font style="font-family:inherit;font-size:10pt;">18.7%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">40.3%</font><font style="font-family:inherit;font-size:10pt;">, respectively, of the consolidated midstream revenues. As the Company continues to grow and expand, the relationship between individual customer sales and consolidated total sales is expected to continue to change. Devon represents a significant percentage of revenues and the loss of Devon as a customer would have a material adverse impact on the Company's results of operations because the gross operating margin received from transactions with this customer is material to the Company</font></div></div>
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CY2014Q2 us-gaap Distributed Earnings
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36200000 USD
us-gaap Distributed Earnings
DistributedEarnings
50900000 USD
CY2014Q1 us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2014-05-14
CY2014Q2 us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2014-08-13
CY2014Q1 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.36
CY2014Q2 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.365
CY2014Q2 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
111400000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2600000 USD
CY2013Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1300000 USD
CY2014Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1300000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2500000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
700000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
61100000 USD
CY2014Q2 us-gaap Equity Method Investments
EquityMethodInvestments
278600000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13700000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
0 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
340200000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
21500000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
42700000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
43000000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
43000000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
43000000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
547100000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
533400000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
CY2014Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
800000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
800000 USD
CY2014Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-1600000 USD
CY2013Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-2900000 USD
CY2013Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2013Q4 us-gaap Gas Imbalance Asset Liability
GasImbalanceAssetLiability
0 USD
CY2014Q2 us-gaap Gas Imbalance Asset Liability
GasImbalanceAssetLiability
1000000 USD
CY2014Q2 us-gaap Gas Imbalance Payable Current
GasImbalancePayableCurrent
1200000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21500000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
42500000 USD
CY2013Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11300000 USD
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26600000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
401700000 USD
CY2014Q1 us-gaap Goodwill
Goodwill
3291600000 USD
CY2014Q2 us-gaap Goodwill
Goodwill
3693500000 USD
CY2013Q2 us-gaap Goodwill
Goodwill
401700000 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
192700000 USD
us-gaap Gross Profit
GrossProfit
330800000 USD
CY2013Q2 us-gaap Gross Profit
GrossProfit
100100000 USD
us-gaap Gross Profit
GrossProfit
190600000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
82900000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
83000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
155100000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
46000000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
29500000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
64500000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
112900000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
53000000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3800000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
10300000 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 USD
CY2014Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4500000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
500000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
1100000 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
3300000 USD
CY2013Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3400000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8700000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4400000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18500000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42200000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16500000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
6900000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10600000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-46800000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10500000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
0 USD
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
533400000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
0 USD
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-14100000 USD
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
0 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-19500000 USD
us-gaap Interest Paid
InterestPaid
0 USD
us-gaap Interest Paid
InterestPaid
17100000 USD
CY2013Q4 us-gaap Interest Payable Current
InterestPayableCurrent
0 USD
CY2014Q2 us-gaap Interest Payable Current
InterestPayableCurrent
15600000 USD
CY2014Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
14100000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9379200000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2309800000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
77400000 USD
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
458400000 USD
CY2014Q2 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
0 USD
CY2013Q4 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
37000000 USD
CY2013Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
37000000 USD
CY2013Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
4300000 USD
CY2013Q4 us-gaap Limited Liability Company Or Limited Partnership Business Formation Date
LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate
2013-10-21
us-gaap Limited Liability Company Or Limited Partnership Business Formation State
LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationState
Delaware
us-gaap Limited Liability Company Or Limited Partnership Managing Member Or General Partner Name
LimitedLiabilityCompanyOrLimitedPartnershipManagingMemberOrGeneralPartnerName
EnLink Midstream Partners GP, LLC
us-gaap Line Of Credit Facility Initiation Date1
LineOfCreditFacilityInitiationDate1
2014-02-20
CY2014Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000000 USD
CY2014Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000000 USD
CY2014Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
825900000 USD
CY2014Q2 us-gaap Long Term Debt
LongTermDebt
1693800000 USD
CY2014Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1675300000 USD
CY2014Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
18500000 USD
CY2013Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
45800000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
3200000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
180800000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2300000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-156600000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-369000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
149500000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
204100000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
32800000 USD
us-gaap Net Income Loss
NetIncomeLoss
62200000 USD
us-gaap Net Income Loss
NetIncomeLoss
71100000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
28800000 USD
CY2014Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
3100000 USD
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
4000000 USD
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
42800000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
35700000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4400000 USD
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3400000 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8900000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10800000 USD
us-gaap Oil And Gas Revenue
OilAndGasRevenue
89300000 USD
us-gaap Oil And Gas Revenue
OilAndGasRevenue
987500000 USD
CY2014Q2 us-gaap Oil And Gas Revenue
OilAndGasRevenue
755000000 USD
CY2013Q2 us-gaap Oil And Gas Revenue
OilAndGasRevenue
47500000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
118700000 USD
CY2014Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
72600000 USD
CY2013Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
39200000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
80200000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
78500000 USD
us-gaap Partners Capital Account Units Sold In Public Offering
PartnersCapitalAccountUnitsSoldInPublicOffering
600000 shares
us-gaap Operating Income Loss
OperatingIncomeLoss
165900000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
91900000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
42600000 USD
CY2014Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
112200000 USD
CY2014Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
225300000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
0 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
0 USD
CY2014Q2 us-gaap Other Assets
OtherAssets
6800000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
0 USD
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
92600000 USD
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-800000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-100000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
14700000 USD
us-gaap Partners Capital Account Option Exercise
PartnersCapitalAccountOptionExercise
300000 USD
us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
7000000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
14700000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7400000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
51000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
5700000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
317300000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
156600000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
45800000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
89600000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
5000000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
19900000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
1732200000 USD
us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
0 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1200000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
-22100000 USD
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
2300000 USD
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
8600000 USD
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
300000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Profit Loss
ProfitLoss
62200000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
64500000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
32800000 USD
us-gaap Profit Loss
ProfitLoss
113900000 USD
CY2014Q2 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
215600000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
135500000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
283600000 USD
CY2013Q2 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
52300000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1768100000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4384200000 USD
CY2014Q2 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
22200000 USD
CY2013Q4 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
0 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1200000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1490200000 USD
CY2014Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
173800000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1025600000 USD
CY2013Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
540500000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
665700000 USD
CY2013Q2 us-gaap Revenues
Revenues
588000000 USD
us-gaap Revenues
Revenues
1650300000 USD
us-gaap Revenues
Revenues
1114900000 USD
CY2014Q2 us-gaap Revenues
Revenues
927200000 USD
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
200000 USD
CY2014Q2 enlc Aggregate Amount Of Equity Securities Allowed Under Equity Distribution Agreement
AggregateAmountOfEquitySecuritiesAllowedUnderEquityDistributionAgreement
75000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
19900000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1783800000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6655200000 USD
CY2013Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
0 USD
CY2014Q2 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
254300000 USD
CY2014Q2 us-gaap Undistributed Earnings
UndistributedEarnings
7400000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
15300000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><table cellpadding="0" cellspacing="0" style="padding-bottom:13px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">(b)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Management's Use of Estimates</font></div></td></tr></table><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with US GAAP requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from these estimates.</font></div></div>
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000 shares
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
300000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164000000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164000000 shares
CY2013Q4 enlc Accrued Capital Expenditures
AccruedCapitalExpenditures
0 USD
CY2014Q2 enlc Accrued Capital Expenditures
AccruedCapitalExpenditures
22800000 USD
CY2014Q1 enlc Business Acquisition Deferredtaxliability Percentageoftotalassumed
BusinessAcquisitionDeferredtaxliabilityPercentageoftotalassumed
0.53
enlc Business Acquisitions Pro Forma Income Loss Attributable To Parent
BusinessAcquisitionsProFormaIncomeLossAttributableToParent
35000000 USD
enlc Business Acquisitions Pro Forma Income Loss Attributable To Parent
BusinessAcquisitionsProFormaIncomeLossAttributableToParent
46600000 USD
CY2013Q2 enlc Business Acquisitions Pro Forma Income Loss Attributable To Parent
BusinessAcquisitionsProFormaIncomeLossAttributableToParent
17000000 USD
CY2014Q1 enlc Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Equity Investment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedEquityInvestment
221500000 USD
CY2014Q1 enlc Businessacquisitiondeferredtaxliabilityassumedinbusinessacquisition
Businessacquisitiondeferredtaxliabilityassumedinbusinessacquisition
252000000 USD
enlc Cash Settlements On Derivative Financial Instruments
CashSettlementsOnDerivativeFinancialInstruments
900000 USD
enlc Cash Settlements On Derivative Financial Instruments
CashSettlementsOnDerivativeFinancialInstruments
0 USD
enlc Class Bunitsconversiondate
ClassBunitsconversiondate
2014-05-06
enlc Contribution From Non Controlling Interest
ContributionFromNonControllingInterest
1200000 USD
CY2014Q2 enlc Income Allocation For Incentive Distributions
IncomeAllocationForIncentiveDistributions
5900000 USD
enlc Increase Decrease In Natural Gas And Natural Gas Liquids Prepaid Expenses And Other
IncreaseDecreaseInNaturalGasAndNaturalGasLiquidsPrepaidExpensesAndOther
15300000 USD
CY2013Q2 enlc Netdistributionsfromtorelatedparty
Netdistributionsfromtorelatedparty
-36900000 USD
enlc Netdistributionsfromtorelatedparty
Netdistributionsfromtorelatedparty
-89600000 USD
enlc Netdistributionsfromtorelatedparty
Netdistributionsfromtorelatedparty
-8300000 USD
enlc Increase Decrease In Natural Gas And Natural Gas Liquids Prepaid Expenses And Other
IncreaseDecreaseInNaturalGasAndNaturalGasLiquidsPrepaidExpensesAndOther
-4200000 USD
enlc Netincomeattributableto En Link Midstream Llc
NetincomeattributabletoEnLinkMidstreamLLC
35600000 USD
CY2014Q2 enlc Netincomeattributableto En Link Midstream Llc
NetincomeattributabletoEnLinkMidstreamLLC
28800000 USD
enlc Netincomeattributabletothecompanyfordistributions
Netincomeattributabletothecompanyfordistributions
35600000 USD
CY2014Q2 enlc Deferred Tax Liabilities Other Assets
DeferredTaxLiabilitiesOtherAssets
8100000 USD
CY2014Q2 enlc Deposit Prepaid Expensesand Inventory
DepositPrepaidExpensesandInventory
46600000 USD
CY2013Q4 enlc Deposit Prepaid Expensesand Inventory
DepositPrepaidExpensesandInventory
5800000 USD
enlc Disposal Group Including Discontinued Operation Revenue External
DisposalGroupIncludingDiscontinuedOperationRevenueExternal
6800000 USD
enlc Disposal Group Including Discontinued Operation Revenue External
DisposalGroupIncludingDiscontinuedOperationRevenueExternal
22600000 USD
CY2013Q2 enlc Disposal Group Including Discontinued Operation Revenue External
DisposalGroupIncludingDiscontinuedOperationRevenueExternal
11200000 USD
CY2013Q2 enlc Disposal Group Including Discontinued Operation Revenue Related Party
DisposalGroupIncludingDiscontinuedOperationRevenueRelatedParty
24200000 USD
enlc Disposal Group Including Discontinued Operation Revenue Related Party
DisposalGroupIncludingDiscontinuedOperationRevenueRelatedParty
47300000 USD
enlc Disposal Group Including Discontinued Operation Revenue Related Party
DisposalGroupIncludingDiscontinuedOperationRevenueRelatedParty
10500000 USD
CY2013Q4 enlc Disposal Groupincludingdiscontinuedoperations Assetretirementobligationsnoncurrent
DisposalGroupincludingdiscontinuedoperationsAssetretirementobligationsnoncurrent
7100000 USD
enlc Distribution Madeto Limited Partner Distribution Period
DistributionMadetoLimitedPartnerDistributionPeriod
P45D
enlc Ed Acommencementdate
EDAcommencementdate
2014-05-29
enlc Eliminationofdeferredtaxesattributabletononcontrollinginterestinpredecessorequity
Eliminationofdeferredtaxesattributabletononcontrollinginterestinpredecessorequity
215500000 USD
CY2014Q1 enlc Exchange Ratio
ExchangeRatio
1 shares
enlc General Partners Interest
GeneralPartnersInterest
400000 USD
CY2014Q2 enlc General Partners Interest
GeneralPartnersInterest
300000 USD
enlc Income Allocation For Incentive Distributions
IncomeAllocationForIncentiveDistributions
7300000 USD
CY2014Q2 enlc Liability Assumedin Business Combination
LiabilityAssumedinBusinessCombination
89700000 USD
CY2014Q2 enlc Maximum Potential Exposure To Credit Losses Gross Exposure
MaximumPotentialExposureToCreditLossesGrossExposure
-500000 USD
CY2014Q2 enlc Maximum Potential Exposure To Credit Losses Net Exposure
MaximumPotentialExposureToCreditLossesNetExposure
0 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
CY2013Q2 enlc Netincomeattributabletothecompanyfordistributions
Netincomeattributabletothecompanyfordistributions
0 USD
CY2014Q2 enlc Netincomeattributabletothecompanyfordistributions
Netincomeattributabletothecompanyfordistributions
28800000 USD
enlc Netincomeattributabletothecompanyfordistributions
Netincomeattributabletothecompanyfordistributions
0 USD
enlc Netincomeattributabletothepredecessor
Netincomeattributabletothepredecessor
62200000 USD
CY2013Q2 enlc Netincomeattributabletothepredecessor
Netincomeattributabletothepredecessor
32800000 USD
enlc Netincomeattributabletothepredecessor
Netincomeattributabletothepredecessor
35500000 USD
CY2014Q2 enlc Netincomeattributabletothepredecessor
Netincomeattributabletothepredecessor
0 USD
CY2014Q2 enlc Percentage Of Avaliable Cash To Distribute
PercentageOfAvaliableCashToDistribute
1
enlc Reorganizationofequity
Reorganizationofequity
0 USD
CY2014Q1 enlc Share Exchange Ratio
ShareExchangeRatio
0 shares
enlc Stockbased Compensation Attributable To Restricted Shares
StockbasedCompensationAttributableToRestrictedShares
3700000 USD
CY2014Q2 enlc Stockbased Compensation Attributable To Restricted Shares
StockbasedCompensationAttributableToRestrictedShares
3100000 USD
enlc Units Acquiredin Business Combination Value
UnitsAcquiredinBusinessCombinationValue
4663700000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001592000
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
164007964 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Enlink Midstream, LLC
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

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0001592000-14-000012.txt Edgar Link pending
0001592000-14-000012-xbrl.zip Edgar Link pending
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enlc-20140630_cal.xml Edgar Link unprocessable
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